Thursday, January 22, 2015

Links to Invest online in Mutual Funds

Thursday, January 15, 2015

Tax 0n Debt Mutual Funds

Taxes on Debt Mutual Funds currently is

1. If holding period is less then 36 months then Marginal rate applicable to the investor.

2. If holding period is more then 36 months then the Tax is 20% after Indexation as LONG TERM CAPITAL Gains apply.

3. Dividend Distribution Tax on Debt fund is now 28.32%

Monday, January 5, 2015

Download Mutual Fund Application Forms 2015

Monday, December 8, 2014

SIP by SIP ; Square Feet by Square Feet; FINALLY bought a house in south mumbai

South Mumbai is one of the most expensive place in entire India. To buy a real estate in Mumbai will cost a you a fortune. The real estate prices have been rising like crazy for last couple of years and being a Middle class person cant even think of buying a house to stay. Housing loans and EMI are a scary thought.

We had to buy a house and that too in South Mumbai then whats the way out. As they say NECESSITY IS MOTHER OF ALL INVENTION. The thought occur journey of thousand miles start with first step. so I thought to save and put aside 2 square feet worth of money in a Mutual Fund (Ideally to buy 1bhk of 400 sq ft will take 200 months almost 16 years but anyways started a SIP for an amount which was equivalent to 2 square feet at that time.

Now its almost 100 months (near about 8 years )so practically I bought 200 square feet worth of amount but as they say FORTUNE FAVOURS THE BRAVE. The amazing that happened markets supported and the appreciation in last one year is more than 50% and the amount comes to nearly 300 square feet and with few borrowed money from relatives and some old jewellery. The Target is achieved way ahead of the time and Finally bought a house in SOUTH MUMBAI. Its such an amazing feeling and confidence builder.

SIP by SIP ; Square Feet by Square Feet ; 


Friday, October 31, 2014

UTI Mastershare declares Dividend for 28th year in a row

UTI Mastershare declares dividend for the 28th year in a row.
Record date for the dividend is 05/11/2014 and the quantum of dividend is Rs. 2.75 per unit.

Monday, October 13, 2014

Android Apps to track Mutual Fund investments through cams and karvy

Nice Android Apps used to track your Mutual Fund Investments made through Karvy basically Investments made in Reliance Mutual Fund, UTI Mutual Fund etc.


Beautiful Android App used to track your Mutual Fund Investments made through Cams basically Investments made in HDFC Mutual Fund, SBI Mutual Fund etc.


Wednesday, September 10, 2014

Property return Vs Market return

Property and SENSEX compare

Film actor Rajesh Khanna bought a bungalow in iconic Carter Road in Mumbai for Rs.3.5 lakhs in 1970. His heirs sold it recently for Rs.85 crores. The property has multiplied by 2428 times or an annualized return of 19.38% over 44 years. 

Samudhra Mahal in Mumbai is another expensive property. A flat purchased in 1970 at Rs.700 per sq.ft was sold at Rs.1,18,000 per sq.ft in 2013. Money multiplied by 168 times in 43 years. This works out to an annualized return of 12.66%

In 1963, Godrej paid Rs.1 lakh to buy his first house, a 2916 sq.feet apartment at Usha Kiran, Carmicheal road, in South Mumbai. In 2011 he sold it for Rs.25 crore. Money multiplied by 2500 times over 48 years or an annualized return of 17.70%

In Dalal Street, Mumbai a sq.feet was Rs.100 in 1980. After 34 years, it sells at Rs.27,000 per sq.ft. Money multiplied by 270 times in 33 years. This works out to an annualized return of 17.90%.

The first three properties can be bought and owned by cream or elite of the society who are worth at least tens of crores, mostly hundreds of crores.

The last property in Dalal street; your father could have bought with whatever money available at his disposal. You can buy it even now. Your son or daughter would be able to buy it even 20 years down the line.

The last property is Sensex. A sq.feet is a metaphor for one unit. If dividend yield is also included (assuming 2% CAGR), Sensex would have delivered 20% annualized returns over last 34 years, higher than the most expensive prime properties in the country.

Good mutual funds and many stocks have delivered returns far superior to Sensex itself.

Power of equity is least understood in this country.

If you can withstand notional loss (if you don’t book) in portfolio during bear markets, not worry about daily price movements, it is possible to make much better money than what can be made out of best of real estate.

Give at least the same importance to equity as you give to real estate.

You don’t mind holding real estate for 20 or 30 years. Please do the same for equity ignoring bull and bear markets, notional profits and losses.

Many of you have been investing for last couple of years. Stay the course for at least another 15 to 20 years completely ignoring market fluctuations. You would be amazed at the fortune created for your retirement or to pass on to your children.

Note: This article was circulating on whatsapp

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