Anil Punjabi

Good Evening Friends! Did You Know - ELSS Is The Key To Get Excellent Returns, ELSS, Equity Linked savings Schemes as they are called are investments in mutual fund schemes which give you tax benefits under section 80C. These schemes are meant to encourage retail investors to invest in equity-based mutual fund schemes. The funds are locked in for a period of 3 years from the date of investment, which also means that an investment in ELSS through the SIP mode will mean that each individual SIP will be locked in for 3 years from the respective date. Here the fund manager can take decisions to invest in those companies too where s/he knows that these  will perform but their performance may not be visible in the stock prices over the near term, but there is no pressure on redemption as there is a 3-year lock-in.   While MF advisors, as well as investors, tend to look at these mostly from the tax savings perspective, there is no reason why these schemes cannot ...

Good Afternoon Friends! ​​ a. Alternatives to Bank Deposits - Debt funds .. The demonetization and the various initiatives by our government to move the economy into a less-cash economy has opened up the door to investing in instruments other than bank fixed deposits which even today account for a bulk of the financial savings. Although on a reducing curve, bank deposits account for 43.5 % of the household financial savings as per the RBI Annual Report for 2015-16 as against 55.8% in 2013-14.  The two major reasons for switching over to debt funds are: ​​ a. The tax arbitrage, i.e., your in ​vestment in a ​ debt fund, if held for more than 3 years will be taxed at 20% with indexation. The example below will clarify this: Investment Amount: Rs 10,00,000 Investment In:         Bank Deposit                         Debt Fund Rate, of Interest     ...

Good Day Friends! a. Demonetisation and After .. Many of us are yet to come to grips with what followed the announcement on the 8th November '16. The reactions have been extreme depending on one's viewpoint, ideology, political affiliation, with most of the population reacting very strongly for it or against it. The facts: In a country in which 80% of the population relies on cash for it's survival, pulling out 86% of the currency in circulation overnight is bound to have serious repercussions over the short term.  How short is the short term, let us hope it's really short. While the decision has been defended on the grounds of curbing black money, curbing counterfeit currency and abetting terrorism, the arguement of curbing black money does not stand on firm ground for many. There were better ways of getting at the root of black money but not this one when, according to a report of the Ministry of Finance, the component of black money in cash...