Saket Kumar Singh (FinWealth)

Market have shown its potential over the long run and investors on the other hand have made their fullest out of the bullish nature and averaging concept. It seems very awkward when someone asks me, WHY WE SHOULD TAKE RISK or WHAT WILL I GET FOR SUCH LONG TIME OF INVESTING. i really feel sorry for them as they may not be the beneficiary of what others are getting . it is the the power of mutual fund SIP and lumpsum for a long time period which on the basis of their averaging and variabilty features hgot the investers the real worth of their investments. when we talk about sip, it means a part of our hard earned money invested periodically on the market and accumulates its earnings to secure our future financial needs. As we know that most of the time due to rumours or any political instability , stock market declined or crashed affecting which investors pulled out their earnings with a loss from the market without giving it a chance to recapitalize and saying "what the f---

Recently in a meet with the director of Estpro academy, dwarka more which is in the education field to provide finance tutorials to undergraduates and graduates for their career growth. Estpro academy work towards capital market and money market certification programs which is offered by NSE and BSE

The S&P BSE SENSEX has risen by 5,500 points in the last six-and-a-half month. The Sensex and Nifty, India's benchmark indices have risen by 20% since the beginning of the year; globally no other markets have risen as high as Indian markets.  the market trend is volatile and has got equal opportunity to scale new heights or to dip down. Vibrant macro-economic data, stable and reform oriented political landscape indicate an upward trend for the market. India's macroeconomic indicators are supporting markets high growth. Like, GDP is growing at 7.1% for FY 2016-17, inflation is falling, and a fiscal deficit is in check. Indian economy is the fastest economy in the world with 7% + GDP growth rate. Last Financial Year (2016-17), the government has achieved the fiscal deficits target of 3.5%, For 2017-18, the government aims to further bring down at 3.2%. Retail inflation has fallen to 1.54% in June 2017.The implementation of GST will add value to reforms process and likely

we have a seen a steady growth specially in our stock market. Since last 6 months BSE exchange stood 5500 points more to boost the sentiments and the indian stock indices rose to about 20% from the starting of the year which itself is highest in the world. If we talk about the fiscal deficit then in last financial year ,it was around 3.5 which is expected to brought down to 3.2 in coming financial year end which will further supports the sentiments of the stocks. Retail inflation came to 1.54% and foreign funds are coming to indian economy with a view to grow along with the domestic economic growth. Investors are having strong belief in the macro as well as political factors of the country which makes india safer and best place to invest in. If we talk about mutual fund sip , it has always been a wise decision to remain invested till our goal for investing has not been achieved. Averaging nature of mutual fund SIP makes it a better and prudent TARIKA to invested in. posted

1. Interest on locker fixed deposits It is a common practice for banks, particularly public sector banks, to make it mandatory for customers hiring safe deposit lockers from them, to place fixed deposits linked to these lockers. That is, a customer wanting to hire a safe deposit locker in the bank's vault not only has to pay annual rent for the locker but also place a fixed deposit with the bank. This fixed deposit is linked to the locker.  The minimum fixed deposit amount for this purpose varies from bank to bank but is normally not a large amount - mostly less than Rs 50,000. The FD is kept as a security deposit for the locker. The interest earned on the FD may be used to fund the rent payment for the locker or credited to the person's savings account with the bank or reinvested with the FD itself (in case of cumulative FDs).  The FD tenure is normally several years as the deposit has to be kept with the bank as long as the locker is being used. As the principal amo

Illustration I: Suppose hypothetically that the rate of CGST is 10% and that of SGST is 10%. When a wholesale dealer of steel in Uttar Pradesh supplies steel bars and rods to a construction company which is also located within the same State for, say Rs. 100, the dealer would charge CGST of Rs. 10 and SGST of Rs. 10 in addition to the basic price of the goods. He would be required to deposit the CGST component i n t o a C e n t r a l G o v e r n m e n t a c c o u n t w h i l e the SGST portion into the account of the concerned State Government. Of course, he need not actually pay Rs. 20 (Rs. 10 + Rs. 10) in cash as he would be entitled to setoff this liability against the CGST or SGST paid on his purchases (say, inputs). But for paying CGST he would be allowed to use only the credit of CGST paid on his purchases while for SGST he can utilize the credit of SGST alone. In other words, CGST credit cannot, in general, be used for payment of SGST. Nor can SGST credit be used for payment

Step 1: Get multiple copies of death certificate This is the first and most crucial step since the death certificate will be required at all the financial institutions where you want to close accounts, transfer assets or investments, make a claim, or even sell the deceased’s assets. Remember to take adequate number of copies and get them attested, if required,” says Jayant Pai, Head, Marketing, PPFAS. “In case the death is in abnormal circumstances, obtain the relevant coroner’s report, autopsy report and a letter from the police station,” he adds. Every death needs to be reported and registered within 21 days in the prescribed reporting forms. If the parent passes away at the hospital, you will have to fill a form with details like the deceased’s name, age, father or mother’s name, address, etc. This is forwarded to the registration centre/zonal office of the local municipal body, from where the death certificate is issued in the specified time. For multiple copies, downl

With the enforcement of GST( goods and service tax) on 1st july 2017, most of the things came under the purview of tax laws except alcohal,petrolium which were come under the tax bracket later on after the panel decision of GST council. GST is enforced keepig in view the well being of farmers who is not compulsorily required to enroll for the online system and the raw materials are kept free from tax. some of the tractor parts are also kept at 5% slab which will further ease the operation of farming. With the new reform in tax structure many big taxations of sales tax, excise and other duties will be abolished and people of middle class and lower income group will get benefited whereas the higher class group would have to loose their wallet size. under goods & service tax hotels and restaurants having turnover less than 50 lakhs are kept under the bracket of 5% and more than this 12% tax will be levied, hotel rooms upto 1000 RS, will be free from any burden but hotels rangi