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

Wednesday, September 3, 2014

UTI announces bonus units in hybrid schemes

UTI announces bonus units in ratio of 1:10 each under following schemes

1. Retirement Benefit Pension Plan
2. Unit Linked Insurance Plan
3. Childrens Career balanced Fund

Record date is September 01, 2014

Friday, August 1, 2014

Simple Financial Planning everybody MUST Do !

The most simplest of financial plan at least this must be done by every Individual.

1. Medical Insurance : Take a Family floater plan for medical emergencies (Bank of Baroda, Bank of India provides the cheaper solution for family of four)

2.TERM Insurance : Take Pure Term Life cover (Term Insurance is the CHEAPEST form of insurance). Ideally you should have Insurance cover of around at least 15 times of your annual income.

3. Emergency Funds : Put around 3 months of expense amount in liquid fund or savings bank account.

4. Investments Funds:
    a) Do SIP in a TAX savings ELSS Equity Mutual. /  PPF Investment can also be done.
    b) Do SIP in a 2 or 3 Large cap Funds / 1 Midcap Fund
    c) Park Lump sum money in short term funds for Asset Re balancing and Asset Allocation.

5. If you cannot do above then simply do SIP in a Balanced Fund.
Important Goals you need to consider.
1. Retirement Planning for SELF and wife
2. Childrens Marriage
3. Childrens Higher Education
4. own House

TIP: Learn to say 'NO' to all complicated insurance products promoted by Bank Manager, RMs, sales call,and tele marketing.

Tuesday, May 20, 2014

15 years Sip returns of ICICI Top 100, SBI Magnum Multiplier, HDFC Top 200 with graphs

Sip returns of the following funds have been taken for 15 year period starting May 1999 till April 2014

If somebody invest Rs 3000 per month starting from May 1999 in following funds you can see how the funds would have grown with investments of Rs 5.4 Lakhs  (3000 * 12 months * 15 years)  to Rs 24 Lakhs in ICICI Top 100 and Rs 24 Lakhs in SBI Magnum Multiplier Fund and a whopping Rs 34 Lakhs in HDFC Top 200 Mutual Fund. 

ICICI Top 100

SBI Magnum Multiplier

HDFC Top 200

Blue line shows your Investment and Red line shows your returns.

Reference :  advisorkhoj

Friday, May 2, 2014

banks delay one days interest on savings account while clearing cheque

Tuesday, April 1, 2014

Top Performing Mutual Funds for the year 2013-2014

Top performing funds for the year ending 2013-2014 are as follows

1. Reliance Focused Large Cap Fund - 26.6%
2. ICICI Pru Top 100 Fund               - 26.1%
3. Birla SL Top 100                           - 25.9%
4. Birla SL Long Term Advantage      - 25.7%
5. Motilal Most Shares M50 ETF       - 25.7%

1. UTI Midcap Fund            - 41.4%
2. SBI Midcap Fund            - 41.0%
3. HSBC Small cap             - 35.7%
4. Franklin Smaller Cos        - 34.9%
5. Mirae Emerging Bluechip - 34.1%

1. Axis Long Term Equity     - 36.5%
2. Reliance Tax Saver ELSS - 32.6%
3. ICICI Pru Right fund         - 31.6%
4. SBI Tax Advantage sr-2    - 29.7%
5. ICICI Pru Tax Plan            - 27.9%

However in this period broader indices has grown as follows.
Nifty    - 17.5%
Sensex - 18.7%
Midcap - 13.9%

Wednesday, January 1, 2014

Top Performing Mutual Funds for the year 2013.

Following are the Top performing Mutual Funds for the Financial year 2013 as on 31/12/2013.

1. Axis Equity Fund                - 12.6
2. ICICI Pru Top 100 Fund        - 12.3
3. ICICI Pru Focused Bluechip  - 10.4
4. Edelweiss EDGE Top 100    - 10.3
5. Birla SL Frontline Equity       - 8.4

1. SBI Midcap Fund                      - 12.3
2. Franklin Smaller Cos                 - 12.3
3. Reliance Small Cap Fund           - 11.3
4. Birla SL MNC Fund                    - 11.0
5. Religare Mid N SMall Cap Fund   - 9.4

1. ICICI Pru Exp & Other services  -  42.7
2. Birla SL Opportunities              -   24.6
3. Religare Invesco Equity            -   19.0
4. GS Shariah Bees                     -   17.9
5. UTI Services Industries             -   17.8

1. Axis Long Term Equity     -   15.8
2. IDFC Tax Advantage        -   12.8
3. HDFC LTA                      -    10.5
4. Religare Tax Plan             -   9.6
5. ICICI Pru Tax Plan            -   9.5

1. SBI Magnum Balanced Fund  - 11.2
2. JM Balanced Fund                -  12.3
3. ICICI Pru Balanced Fund (G)  -  10.4
4. HDFC Balanced Fund(G)        -   8.6
5. LIC nomura Balanced Fund (G) - 6.8

BENCHMARK RETURNS  for the same period.
Sensex    - 9.0
Nifty       -   6.8
BSE 100 -  5.9

source of data moneycontrol.