Plan your finance for stress free life

From our school days, we have been taught that goal setting is fundamental to our long-term success. . What Is Goal-Based Investing? Goal-based investing involves identifying your financial goals, setting a timeline for each, and regularly investing to achieve them. This structured approach ensures you have a clear plan for reaching your financial aspirations. Benefits of Goal-Based Investing 1. Accurate Financial Planning By listing your goals, you can determine the exact amount needed and adjust for inflation. For instance, planning for a child's education ten years from now involves calculating the future cost based on current prices and expected inflation. 2. Choosing the Right Investment Products Understanding your financial goals and time horizon helps in selecting appropriate investment products. For short-term goals, debt funds or fixed deposits may be suitable. Medium-term goals could benefit from a mix of equity and debt, while long-term goals can focus on equity funds fo...

Chart of Lupin: Hollow candle chart having incorrect colour ( green) for a day having lower closing price than opening price. --------------------------------------------------------------------------------------- standard candle chart has correct colour of candle

Consider the growth trajectory of assets over time. Just like real estate or gold, they repeatedly achieve new all-time highs. Similarly, when it comes to equities, aiming for returns in the range of 12-15% aligns with GDP growth and inflation. Essentially, this translates to a doubling of investment every six years. For instance, let's assume the current Sensex level is 70,000. If someone expects a 12% return from equities, it implicitly means that they anticipate the Sensex to reach approximately 140,000 in the next six years, and then double again from that level. In other words, their expectation is for the Sensex to reach around 280,000 in the following 12 years. To achieve such an expectation, hitting new all-time highs is an inherent part of the journey. Reaching all-time highs is not an anomaly but rather a natural consequence of sustained growth. The focus should be on the numerical data rather than speculations. Over the past few years, the Sensex has consistently reached...

1. Tata Consultancy Services - 6,15,721 employees 2. Reliance Industries - 3,89,414 employees 3. Infosys - 3,68,125 employees 4. Larsen & Toubro - 3,30,955 employees 5. Wipro - 2,62,325 employees 6. HCL Technologies - 2,41,352 employees 7. Tata Steel - 2,34,108 employees 8. HDFC Bank - 1,73,255 employees 9. ICICI Bank - 1,29,020 employees 

 Under the Prevention of Money Laundering Act (PMLA), 2002. For this, the government had also issued a notice on December 28, 2020. Under this Act, if a customer buys gold worth Rs 10 lakh or more in cash, then the jewelers will have to immediately inform the authorities by taking the KYC of that customer i.e. his PAN or Aadhar card. What do income tax rules say? Income tax laws do not permit cash transactions beyond a specified limit. Under Section 269ST of the Income Tax Act, 1961, a person cannot make cash transactions totaling more than Rs 2 lakh in a day, whether the person buys gold worth Rs 2 lakh at one go or a few thousand. The overall thing is that a person cannot buy gold worth more than Rs 2 lakh in cash in a day. If a person buys gold jewelery worth more than Rs 2 lakh in cash in a single day, it will be a violation of the Income Tax Act. The person taking cash in such transactions will be liable to pay penalty on the amount transacted in cash as per Section 271D of th...

 NPS offers you to save for your golden years with tax benefits on your investments. However, the amount of pension is not guaranteed and depends on the accumulated corpus and rates available at the time of vesting.  Read more at: http://www.moneycontrol.com/news/retirement/should-you-investnps_1667841.html?utm_source=ref_article Part 2: From Economic times. Friends want to know whether they should invest in the NPS. With tax saving driving investment decisions, people are drawn to the additional Rs 50,000 deduction under Sec 80CCD(1b). But here is why I wouldn't be investing in the NPS. Very long lock-in period All tax-saving investments have lockin periods, but none as long as that of the NPS. The NPS can only be withdrawn at the age of 60. If you start at the age of 25-30, the lock-in period is 30-35 years. Even then, only 60% of the corpus can be withdrawn, and the remaining 40% will have to be put into an annuity for a monthly pension. Taxation on maturity The NPS is not ...

1. Rakesh Jhunjhunwala:    - Known as the "Big Bull" of the Indian stock market.    - Focuses on long-term investments in fundamentally strong companies.    - Invests across various sectors, including finance, pharma, and consumer goods. 2. Radhakishan Damani:    - Founder of supermarket chain D-Mart.    - Values strong businesses with sustainable growth.    - Prefers a conservative approach and holds stocks for the long term. 3. Porinju Veliyath:    - Specializes in small and mid-cap stocks.    - Looks for turnaround stories and undervalued companies.    - Known for his contrarian investment style. 4. Vijay Kedia:    - Emphasizes the importance of in-depth research and understanding the business.    - Focuses on identifying hidden gems and long-term wealth creation. 5. Raamdeo Agrawal:    - Co-founder of Motilal Oswal Financial Services.    - Follows a quant...