#15 15 15 rule mutual fund

[personal-finance8]

Reach 1 CRORE through SIP I 3 Strategies

MAKE 1Cr with 15K investment I 15-15-15 Rule of Mutual Funds

An SIP or systematic investment plan is a popular and effective investment strategy to build wealth.

Many investors think in terms of 1 crore SIPs as their goal which I will discuss in this video about various SIP combinations that can help you achieve your financial goals especially that 1 crore Mutual Fund goal.

Wealth-building is a combination of three factors 1) the capital you put in i.e. our monthly SIP investments, 2) the return or yield we receive on our investment and 3) the time we give to these investments to compound

Now, the famous thumb rule for 1 crore SIP is the 15-15-15 i.e. invest 15,000 rupees every month, in an instrument that gives 15% returns per annum and to do it over 15 years. Effectively you have a 1 crore Mutual Fund plan for 15 years.

But then, there are more such combinations such as

a) you can look at 20-12-15 i.e. invest 20000 a month at 12% return for 15 years and you still create a wealth of 1 crore rupees

b) you can also try a 10-12-20 i.e. a monthly SIP of 10000 rupees in a mutual fund giving 12% returns and for a period of 20 years. So now you have a 1 crore SIP plan for 20 years

I'm certain this video on how to earn 1 crore through SIP will be helpful to you whether you are a noob investor or a professional one and you will be able to use it in building your own investment portfolio and in tracking your progress.

[happilyfeatherafter]

Happilyfeatherafter’s ficrec Fridays

Back back back again, and I don't know guys, I think we should all just totally stab Caesar! Welcome back to a new fortnight of fics that I’ve read and loved recently.

If you want to find more you can see my previous rec lists here!

15 March 2024

Are You Writing From the Heart? by  @luckshiptoshore is now complete!! Congrats Luck! Full disclosure, Luck is one of my very best friends, but that just means I know not only how much of a talented fic writer she is, but also how much of her heart and soul she poured into writing this love letter to queer storytelling, season 4 Destiel as a romcom, meta text (and subtext), and finding out who you really are when society and your upbringing is fighting against you. Castiel is a ghostwriter for L.S. Shore's Supernatural novels about Neal and his brother. Caught in a storytelling rut, Cas finds himself adding the fallen angel character of Bel...what could possible go wrong? Meanwhile at his local writing coffee shop spot, he meets the handsome stranger Dean who is an up and coming standup comedian and Supernatural fanboy. They because firm friends, but that's definitely it because Cas is straight....right?! Following these two dummies as they FAIL TO USE THEIR WORDS is a total joy, as Luck's humorous and emotional writing paired with her eye for detail is so very on point, and I'm so excited more people will finally get to read this story in full.

Baker Six by komodobits because !!!!!!!!!!!!!!!!!! I cannot tell you how goddamn excited I was to get this email notification and finally be back in 91w world, and to witness these early stages of Dean and Cas' relationship through Dean's eyes at last. This barely needs a rec because it's THEE 91w Dean, but komodobits hasn't missed a beat in getting back inside their heads and I was once again swept away by this iconic love story against the odds. Head the trigger warnings as always, this is truly on the front lines as a medic in a war zone. Baker Six was written for the very good cause of the fandom Palestine fundraiser, in support of the Palestine Children’s Relief Fund. Please donate if you can!

Truth & despair by @shallowseeker was a recent discovery and such a fascinating read! It's set in a post-15x18 verse, but importantly it features a fun Sam narrative perspective that delights in his lens by...being a bit of an unsympathetic oblivious dummy (affectionate). I really appreciate a crunchy Sam characterisation and oooboy does this pay off. Dean is steeped in his grief for Cas, and Sam is oh so concerned. He reaches out to Mia Vallens to understand his own grieving, and that leads to him making a discovery...Dean's memories of Cas' death aren't what he claims happened. With the unwelcome reappearance of Chuck (he lost...didn't he?) and LITERAL sinkholes appearing in the fabric of the universe, can they figure out what's happening to save Cas and save the world? This wip plays with physics, theology and narrative fuckery in such intriguing ways. I can't wait to see how it wraps up in the next two chapters.

The Leap by @friendofcarlotta started reading this one when Tina reshared it on Leap Day...because of course. I'd actually read it before but it more than lived up to the reread. 'Castiel Krushnic is a police officer in Soviet-occupied East Berlin. He is also gay, in a city where that’s a dangerous thing to be. One night, he meets Dean Winchester, a mechanic from the American sector. Their mutual attraction is instant, and a convenient hookup quickly turns into a passionate love affair that defies all rules and expectations.' Meticulously researched, emotional, heartrending and thought provoking. I highly recommend taking the leap on this fic!

See you in two weeks and OMG it's @deancaspinefest time!!!! I'm so excited *clears calendar*

Tag list under the cut - let me know if you'd like to be added to be notified of future recs!

@dean-you-assbutt-cas-loves-you

[lol-jackles]

I love your insights and agree that Jensen’s deal with Amazon seems to fit more like a actor’s holding deal. If I understand how those work, it’s where the studio pays the actor a salary for a year to hold them to try and find a role for him/her in a tv show or movie. Is that correct?

You’ve said Amazon doesn’t pay actors very well, so what is your guess to Jensen’s salary that Amazon is paying him? (Is that how he was able to afford a $10million mansion in Connecticut?)

Do those work like typical salaries (weekly/monthly) or because it was also tied to his production company, was that annual salary paid to him in an upfront sum with hopes the ackles would use the money to develop a project?

given the strike, the ackles cannot develop anything, do they have to refund any money back to amazon?

Thank you and yes, in typical holding deals the actor will receive a salary for at least one year while the studio finds a suitable project for them. Similarly, Jensen would get paid X amount of dollars for the term no matter what. He would get a check every month that comes out of the millions in his deal, this will go to pay for overhead of running Chaos Machine, including employee salaries., office space, etc. So any advanced money the Ackles received is their's to keep even if there are no project(s) for Amazon's original programming.

With that said, I highly doubt that the CMP received the typical starter $10 million for production overheads as the deal was to hire Jensen for his acting (and his fandom). Jensen may have received $1 million in retainer fee instead.

As for the Ackles' ~ investment in Connecticut, he's going to sell that house in a year or two to an Irrevocable Life Insurance Trust, then use the “sale” and the equity in the CT house to buy another house, just like he did with the Colorado house that was brought when he sold the Austin lake house (at half the market value) to the same trust. For example, if the Ackles put down at least 20% for the lake house, when the property’s value goes up by 20% (and it will), the Ackles have now made a 100% ROI and that’s before considering rents and tax write offs. Then when the houses like the lake house is sold for real in 10, 15, or 20 years, it will be sold at it's actual market price. It's a classic use of these types of trusts to make money by reaping the actual profit from the real sale and on top of the previous profit when the house was first sold into the trust. 

Jensen can easily never work again in his life just by living off his net worth, which I’ve speculated to be 20-25 million dollars and if he invest conservatively his net worth will double in ten years. While he's ~investing in real estates, I suspect his main source of passive income comes from investing in target-date funds, they’re a mix of stocks, bonds, and alternative assets and probably in a collection of mutual funds. If Jensen keeps to the common rule of withdrawal limit of 4%, he’ll have at least $1 million fuck-you money every year, more than enough to cover property tax and he and his family will be comfortably wealthy for the rest of their lives without working. But men need to work, hence why he pitched to WB the ideal of continuing SPN after Jared leaves.

@supernaturalconvert techically the trusts own the houses, and the people currently living at the lake house are paying rent to the "beneficiaries", which are the Ackles.

[financeattips]

Millennials Money Tips for Personal Finance

It is very difficult for millennials to manage their own finances today as the world of competition requiring one to workout harder has changed in a matter of months. From student loan debt to increasing living costs, this generation has faced financial struggles that are all its own. Nevertheless, there are strategies out there that can work for the millennial in search of sustainable financial security or even just a better bottom line. Below are a few of the basic personal finance tips for millennials.

1. Set Clear Financial Goals

The first step in any financial plan is establishing specific and attainable goals. Whether it's to buy a home, pay off your student loans, or save for retirement — knowing what you're working towards will keep you more engaged and inspired. Divide your goals into short-term (one to two years), medium-term (three to five years) and long-(five or more). This approach helps you to prioritize and use your resources accordingly.

2. Create and Stick to a Budget

The Facet of Financial Management: Budgeting Track your income and expenses: The very first step is to track how much you are earning, after that what things consume your bills? Budgeting tools; you may use an app to categorize what you spend on and where they can be reduced. If possible, adhere to the 50/30/20 rule — apportion half of your funds towards needs and twenty percent for saving or repaying debt.

3. Build an Emergency Fund                                                                         

It is only a rainy day fund to act as an emergency safety net in case life decides not to follow your plan. The hopefully three to six months of absolute must-have sequestered in a separate, liquid account. It can help you with the cost of surprising expenses–whether they be medical bills or it lets you maintain your financial schedule, rather than having a huge hole in it due to car repairs.

4. Manage Debt Wisely

For many millennials, student loan debt can be a large financial weight. Start your payoff journey with high-interest debt — credit card balances are a solid place to begin. Refinance or consolidate student loans at a lower interest rate. Establish and Maintain a HISTORY of consistent on-time payments to improve your credit score, reducing overall debt.

5. Invest for the Future

If you want to create wealth then investment is the most important thing for it. If your employer offers a matching 401(k) plan, that is what you should start with. Demand more investment options like IRAs, Stocks and Mutual Funds. Simply Diversify A toasted way to diversification! The point is that, your money should earning with compounding.

6. Enhance Financial Literacy

One can be really good at making informed decision which is backed by financial literacy. Use online sources, books and courses to learn more about personal finance. Understanding concepts such as interest rates, inflation and investment options can help you make more informed financial decisions.

7. Plan for Retirement

Architecting retirement: It is never too early to plan for retirement. Save a minimum of 15% of your income toward retirement. Make use of Roth IRAs and traditional IRA tax-advantaged accounts. You may want to talk with a financial advisor who can help you put together your own retirement plan based on what you hope for in retirement and how much risk you are willing to take.

8. Protect Your Assets

But while it may not be the sexiest asset class around, insurance is integral to any complete financial plan. Make sure of health, auto and and home insurance coverage. Good idea: If you have dependents, consider life insurance. Disability insurance provides you income in the event of an illness or injury.

9. Check Your Credit Score

Great credit can unlock lower-interest rates and financial possibilities. Review your credit report on a regular basis for inaccuracies and work towards building up the score. By paying your bills on time, keeping credit card balances low and only opening new accounts when you need them (and therefore improved scores so long as other key factors don't weigh in ).

10. Seek Professional Advice

If you are unsure of where to begin or need help, then speak with a financial advisor. They can give you advice and even consult with you to build a financial plan as well. Also look for a good pedigree — Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA).

With these personal finance tips, a millennial can move forward in the financial journey feeling more secure for their future. Earning money is only part of the process… its mastering discipline, consistency and continuous learning that leads to long-term financial success.

[brexiiton]

UK terror attack survivors warn politicians over anti-Muslim hate

By Arab News 10 Mar 2024 13:35

A photograph taken on March 22, 2022 shows a wreath of flowers laid on Westminster Bridge in front of Palace of Westminster, home to the House of Parliament and House of Lords, in London, to mark the fifth anniversary of the Westminster Bridge terror attack (AFP)

London: A group of more than 50 survivors of Islamist terror attacks in the UK have signed an open letter warning politicians against tarring British Muslims as extremists.

The letter against anti-Muslim hate was coordinated by Survivors Against Terror, a network of people in the UK and British people overseas who have been affected by terrorism.

Signatories include Rebecca Rigby, the widow of Lee Rigby, a soldier who was stabbed to death in London in 2013, as well as Paul Price, whose partner Elaine McIver was killed in the 2017 Manchester Arena bombing.

The letter reads: “To defeat this (extremist) threat the single most important thing we can do is to isolate the extremists and the terrorists from the vast majority of British Muslims who deplore such violence.

“In recent weeks there have been too many cases where politicians and others have failed to do this; in some cases equating being Muslim with being an extremist, facilitating anti-Muslim hate or failing to challenge it.”

The signatories say defeating Islamism and extremism should be a “national priority” and they are “only too aware” of the threat posed by terrorism.

But they are saddened by a series of controversies in which major political figures in the UK have conflated Islam with extremism.

Last month, the former deputy chair of the governing Conservative Party, Lee Anderson, was suspended after claiming that Islamists had “got control” of Sadiq Khan, London’s first Muslim mayor.

Suella Braverman, the former home secretary, also faced controversy after warning that “the Islamists, the extremists and the antisemites are in charge now,” referring to pro-Palestine protests that have taken place in London amid the Gaza conflict.

Their comments are “playing into the hands of terrorists,” signatories to the letter believe.

Darryn Frost, who fended off a terrorist who had killed two people near London Bridge in 2019, said: “I think it’s dangerous when any of our leaders marginalise communities and paint a very broad brush.

“People need to consider the power of their words because they have the power to incite further hatred.”

The letter is being published ahead of the fifth anniversary of the Christchurch mosque killings on March 15.

The attack, carried out by a far-right terrorist, led to the murder of more than 50 Muslims in the New Zealand city.

Brendan Cox, co-founder of Survivors Against Terrorism, said: “Anyone using the issue (of extremism) to seek tactical party advantage risks undermining that consensus and making our efforts less successful.

“The message from survivors of attacks is clear: you can play politics all you like, but not with the safety of our country.”

Among the 57 signatories is Magen Inon, whose parents were killed during the Oct. 7 Hamas attack on Israel.

The letter coincides with UK government plans to update the official definition of extremism, which will allow authorities to suspend ties or funding to groups found to have exceeded the new definition.

Currently, extremism is defined by the government as “vocal or active opposition to fundamental British values, including democracy, the rule of law, individual liberty and mutual respect and tolerance of different faiths and beliefs.”

Communities Secretary Michael Gove, who is leading the change, has claimed that pro-Palestine marches in London have included groups who are “trying to subvert democracy,” and that some pro-Palestine events have been organized by “extremist” organizations.

[aemondtragaryen-archived]

15 Questions 15 Mutuals

thanks for tagging me @ohhstark 🫶🏻

Rules: answer the questions and tag fifteen mutuals

1. Are you named after anyone?

Nope!!!

2. When was the last time you cried?

Oh I think when I watched hotd ep10 which was like sometime in November? I don’t cry a lot unless it’s some kind of fiction tbh

3. Do you have kids?

No!!!

4. Do you use sarcasm a lot?

Nah, I’m not really sarcastic 😭

5. What’s the first thing you notice about people?

I would say either hair or their sense of style like what they’re wearing.

6. What’s your eye colour?

Green!

7. Scary movies or happy endings?

Happy ending I don’t like horror at all

8. Any special talents?

I can write and I’d say very well both academically and creatively which is rare. Writing IS a talent to me

9. Where were you born?

the US :((( yeah I know

10. What are your hobbies?

Reading, baking and WRITING most of all. I’ve really gotten back into fic writing the last few months because of hotd so that’s my number 1 hobby rn

11. Have you any pets?

i have a pet cat that I’ve had for a long time and I have three rats with my roommates. they are my whole world

12. What sports do you play/have played?

I played soccer (or as my roomie always corrects me, football lol) but I quit when I started high school 🫠

13. How tall are you?

5’4

14. Favorite subject in school?

History of course 🥰 always loved English too

15. Dream job?

Full time author 100% if not that something in editing and publishing. but also trust fund and nepo baby (I would KILL THIS ROLE. Give it to me)

no pressure tags @eohwyyn @inejghcfa @1800-fight-me @runningmunson @l-adysansa @poeticheroine @buckysbarnes @harwinstrongwife @rhaenyradaenerys @queenmotheralicunt @kingsroad @saws2004 @margaritalaux-antille @alicenthightowr @hightowres and literally whoever wants to do this

[mycupofstars]

Rules: answer the questions and tag fifteen mutuals

Thank you @spookylestat for tagging me!

1. Are you named after anyone?

My first name no but I have two middle names bc my parents said “her middle name should be after her grandmother” and each assumed for 9 months that it would be their own mother’s name and it turned into a huge deal 

2. When was the last time you cried?

I absolutely cannot remember but it was almost definitely over a movie 

3. Do you have kids?

I do not! My gf has 6 she has this covered for both of us 

4. Do you use sarcasm a lot?

Nooooooo of coooooourse not neeeeeever

5. What’s the first thing you notice about people?

Queer vibes or lack thereof

6. What’s your eye colour?

Blue 

7. Scary movies or happy endings?

Scary movies all the way

8. Any special talents?

9. Where were you born?

Michigan

10. What are your hobbies?

Books, sewing, cooking/baking, music, tea (I have a journal of different blends I’ve tried + collect teaware)

11. Have you any pets?

Cal the orange himbo bastard cat and Junebug the chill liquid tortie cat

12. What sports do you play/have played?

In college we tried to get our theatre department rebranded as a sports team with the argument that we might actually receive funding from the school then

13. How tall are you?

5’2 

14. Favorite subject in school?

English

15. Dream job?

Author for most of my life, and I actually really wanted and attempted to seriously pursue being a mortician also 

I am  tagging @bookgeekgrrl, @lena221bee, @eatingmoonflowers, @bayoubodycount, @bethnoir-fic, @dodgeandburnt, @mathcat345, @twinbell, @saphire-dance, @onemoresoultothecall, @curiousthimble,  @onionowlwatchingu,  @volevourlarequellochesentivo,  @ultra-trash-nerd,  @bespokecats, @ahundredbutterflies

[financialeducationsip]

Mutual Fund SIP Vs PPF: A Complete Guide for Smart Investors

When it comes to growing your wealth, there are numerous investment options to consider. Two popular choices in India are Mutual Fund SIP (Systematic Investment Plan) and the Public Provident Fund (PPF). Both of these options offer different benefits, making it essential to understand their differences and evaluate which one aligns better with your financial goals.

Understanding Mutual Fund SIP and PPF

What is a Mutual Fund SIP?

A Systematic Investment Plan (SIP) is a method of investing in mutual funds where you invest a fixed amount at regular intervals, typically monthly. SIPs are an effective way to invest in equity or debt mutual funds, helping to spread investment over time and reduce market risk.

What is Public Provident Fund (PPF)?

The Public Provident Fund (PPF) is a government-backed savings scheme that provides a guaranteed return on investment. It’s a long-term savings option primarily for conservative investors who seek a safe and tax-saving instrument with assured returns.

The Basics: How SIP and PPF Work

How a SIP Works in Mutual Funds

In a Mutual Fund SIP, investors deposit a fixed amount monthly, which is then used to purchase fund units. This way, investors benefit from rupee cost averaging and have the potential to accumulate wealth over time through compounding.

How the PPF Scheme Works

In PPF, individuals open an account with a bank or post office, deposit funds annually (with a minimum and maximum limit), and earn a government-fixed interest rate. The PPF has a lock-in period of 15 years, though partial withdrawals are allowed after the sixth year.

Key Differences Between Mutual Fund SIP and PPF

Investment Objective

SIP: Ideal for wealth creation and capital appreciation over the long term.

PPF: Primarily for safe savings with guaranteed returns and tax benefits.

Risk Factor

SIP: Market-linked, meaning the returns can vary based on market performance.

PPF: Government-backed and risk-free, offering guaranteed returns.

Returns on Investment

SIP: Potentially high returns due to equity market exposure, although there are risks.

PPF: Fixed interest rate, typically lower but secure.

Investment Horizon Comparison

SIP Investment Duration

There is no fixed duration for SIP investments. Investors can choose to invest for any time frame, though long-term SIPs (5-10 years or more) usually yield better returns due to compounding.

PPF Maturity Period

PPF has a fixed maturity period of 15 years, which can be extended in blocks of 5 years upon request.

Tax Benefits of SIP and PPF

Tax Deductions for SIP

Equity-linked SIPs that invest in Equity-Linked Savings Scheme (ELSS) funds qualify for tax deductions under Section 80C, up to INR 1.5 lakh annually.

Tax Benefits of PPF

PPF investments qualify for tax deductions under Section 80C, and the interest earned is tax-free, making it an EEE (Exempt-Exempt-Exempt) instrument.

Liquidity and Withdrawal Flexibility

SIP Withdrawal Options

SIP investors can usually withdraw their funds anytime, though exiting too soon may result in exit load charges or short-term capital gains tax.

PPF Withdrawal Rules

PPF has restricted liquidity, allowing partial withdrawals only from the seventh year of investment, with specific conditions.

Interest Rates and Returns

Expected Returns from SIP

Returns from SIPs in equity mutual funds vary with market performance and have historically offered 10-15% annually for long-term investments.

Guaranteed Returns from PPF

PPF provides a fixed rate of interest, currently around 7-8%, reviewed quarterly by the government.

Who Should Consider Investing in SIP?

Individuals looking for higher growth potential with a tolerance for risk may find SIPs appealing. They suit investors aiming for long-term financial goals like buying a home, funding children’s education, or retirement.

Who Should Consider Investing in PPF?

PPF is ideal for risk-averse individuals seeking a safe, guaranteed return and tax savings. It suits long-term savings goals, such as retirement, without exposure to market volatility.

Impact of Inflation on SIP and PPF

SIP: Potentially combats inflation due to higher returns from equity markets.

PPF: Provides fixed returns, which may not always keep pace with inflation.

SIP vs PPF: Wealth Creation Potential

SIPs, especially in equity mutual funds, offer a better wealth creation potential over the long term than PPF. However, they come with market risks, whereas PPF is a safer but lower-yield option.

SIP vs PPF: Which One is Better for Retirement?

For retirement planning, combining both SIP and PPF can create a balanced portfolio, with SIP offering growth potential and PPF providing stability and tax-free benefits.

How to Start Investing in SIP and PPF

Steps to Start a SIP

Select a reliable fund house or broker.

Choose the type of mutual fund (equity, debt, hybrid).

Set the SIP amount and duration.

Complete KYC and link your bank account.

Start investing and monitor regularly.

Steps to Open a PPF Account

Visit a bank or post office.

Fill out the PPF account opening form.

Submit KYC documents.

Deposit the minimum required amount.

Start depositing regularly.

Conclusion

Both Mutual Fund SIP and PPF have their own set of advantages and suit different types of investors. SIPs are ideal for investors looking for higher returns and can tolerate market risks, while PPF is perfect for those who prioritize security and guaranteed returns. Choosing between SIP and PPF depends on your financial goals, risk appetite, and investment horizon. A combination of both can also help achieve a balanced portfolio with growth and stability.

FAQs

Can I invest in both SIP and PPF?

Yes, investing in both can offer a balanced mix of growth and security.

Which one is better for tax savings: SIP or PPF?

Both SIP (in ELSS funds) and PPF offer tax deductions under Section 80C, but PPF offers tax-free returns.

Is SIP riskier than PPF?

Yes, SIPs are market-linked and can be volatile, while PPF offers guaranteed, risk-free returns.

What is the ideal duration for SIP investments?

A 5-10 year horizon is recommended for SIPs to maximize growth potential through compounding.

Can I withdraw money from my PPF before maturity?

Partial withdrawals are allowed after the sixth year, with certain restrictions.

[vedantbhoomidigital]

Mutual Fund: SEBI's insider trading rules will be applicable from November 1, if any transaction is done then information will have to be given within 2 days.

Market regulator SEBI said on Tuesday that insider trading rules for mutual funds will come into effect from November 1. Under this, all transactions of more than Rs 15 lakh made by nominees, trustees or their close relatives in mutual funds of the asset management company will be reported within two business days (…).

[worldmarketview]

💡 Mutual Fund Taxation 2024: What You Need to Know! 💰 The 2024 Union Budget has brought major changes to how your mutual fund investments are taxed. 🏦 Whether you're investing in equity or debt mutual funds, understanding the new tax rules is essential for maximizing your returns. Here’s what’s new: 📊 Equity Mutual Funds: Short-Term Capital Gains (STCG): For units held less than 12 months, gains are taxed at 20% after July 23, 2024 (previously 15%). Long-Term Capital Gains (LTCG): For units held over 12 months, gains above ₹1.25L are taxed at 12.5%. 📊 Debt Mutual Funds: All gains taxed at your income tax slab rate, regardless of holding period, after April 1, 2023. Plan your investments wisely to optimize tax benefits! 📈 #MutualFunds #TaxPlanning #FinanceTips #Investment #TaxSeason #GrowYourWealth #FinancialFreedom #worldmarketview

[cryptogirl2024]

Thai SEC Allows Crypto Investment in Mutual & Private Funds

The Thai SEC has proposed new rules for mutual and private funds for crypto investment.

This proposal aims to enhance investors and align with international developments.

The rules would differ between high-risk assets and stablecoins to maintain a steady value.

Thailand Securities and Exchange Commission (SEC) has proposed new regulations for mutual and private funds to invest in cryptocurrency. The regulations aim to enhance investor growth and promote the digital economy. Further, these regulations emphasize risk management and transparency as cryptocurrency seeps into Thailand's financial system.

On Wednesday, a draft proposal of the guidelines was released. It requested feedback from the public and stakeholders on future investment in cryptocurrency in Thailand. The proposal outlines the limits for various fund types. Retail mutual funds would be restricted by 15%, while major funds face no such restrictions. The last day to provide feedback on the proposal is November 8, and the final regulation is expected in 2025.

The proposal also allows institutional investors to participate in digital assets. However, the SEC requires that only licensed fund managers manage these assets to protect hedge fund investors. The new guidelines would limit exposure to high-risk crypto assets and enable the practice of diversification. This plan seeks to set up a structure that helps minimize the dangers associated with such assets. 

The idea behind the proposal of the SEC is the rapid rise of the digital asset market in Thailand. With the growing interest in cryptocurrencies and blockchain technology, necessary measures are being taken to follow international demands while maintaining domestic market conditions. It is believed that the new regulations would increase the confidence of investors. This would reduce unfair gains through volatility, fraud, and other manipulations. Moreover, the rules would differ between high-risk assets like Bitcoin and stablecoins like Tether. this is done to ensure a steady value.

Related: https://cryptotale.org/bitcoin-could-reach-90k-if-trump-wins-u-s-election-report/

With the proposal of new regulations, the authorities in Thailand have finally started to see the opportunities that blockchain and digital currencies can open in the country’s financial sector. However, the SEC is still wary. Although it has not given up on innovation, it ensures that regulatory measures are provided. 

[personal-finance8]

MAKE 1Cr with 15K investment I 15-15-15 Rule of Mutual Funds

1. Investment Rules: *15-15-15 Rule *Thumb Rule of Investing *15x15x15 Rule of Investing

2. Mutual Fund Rules: *15-15-30 Rule of Mutual Funds

3. SIP Investment: *Benefits of SIP Investment

4. Explaining the Rules: *What is the 151515 Rule of Investing? *How the 15x15x15 Rule of Investing Works *What is the 15x15x15 Rule of Investing? *What is the 15x15x15 Rule in Investing? *What is the 15x15x15 Rule in Investing?

[financialfriend123]

Retirement Planning 101: How to Secure Your Future Financially

Retirement is one of the most significant life milestones, marking the transition from a career-driven lifestyle to a more relaxed, fulfilling phase. However, ensuring financial security during retirement requires thoughtful planning and strategic investment. In this guide, we will break down the essentials of retirement planning, helping you build a roadmap to a secure and comfortable future.

1. Start Early, Reap the Rewards

The most crucial rule of retirement planning is to start as early as possible. Compounding works best when given time to grow. By starting your investments early, you allow your money to grow exponentially, providing you with a sizable retirement fund by the time you retire.

Key tip: Set aside at least 15-20% of your monthly income for retirement savings, especially if you're in your 20s or 30s. Use tools like Employee Provident Fund (EPF), Public Provident Fund (PPF), and mutual funds to build wealth consistently over time.

2. Understand Your Retirement Goals

Before diving into investments, it's essential to know how much you need for retirement. What kind of lifestyle do you envision? Do you plan to travel extensively, or are you happy living a quiet life in your hometown? Estimate your post-retirement expenses, including medical bills, daily living costs, and potential travel plans.

Key tip: A common rule of thumb is that you will need about 70-80% of your pre-retirement income to maintain your lifestyle post-retirement.

3. Diversify Your Investment Portfolio

Retirement planning isn’t about putting all your eggs in one basket. Diversification is key to managing risk while maximizing returns. Consider a mix of low-risk options like government bonds and fixed deposits, along with higher-risk options such as stocks, mutual funds, and real estate.

Key tip: Equity-linked saving schemes (ELSS) and Unit Linked Insurance Plans (ULIPs) can offer tax benefits and long-term returns, making them ideal for retirement planning.

4. Leverage Tax Benefits

Investing in tax-saving instruments can significantly boost your retirement savings. Under Section 80C of the Income Tax Act, various investments, such as the EPF, PPF, National Pension Scheme (NPS), and life insurance premiums, are eligible for deductions.

Key tip: Make sure to invest the maximum allowable amount in these tax-saving instruments each financial year to reduce your taxable income and enhance your retirement savings.

5. Don’t Underestimate Inflation

While planning for retirement, it’s vital to account for inflation, which can erode the value of your money over time. For instance, what may seem like a sufficient amount today may not cover your living expenses 20 years down the line.

Key tip: Invest in inflation-beating assets like equity and real estate, and ensure that your retirement corpus grows faster than inflation.

6. Consider Health Insurance

Medical expenses can be a huge drain on retirement savings, especially as healthcare costs continue to rise. While building a retirement fund, make sure to have comprehensive health insurance coverage that will take care of your medical bills post-retirement.

Key tip: Opt for a health insurance plan with lifetime renewability and adequate coverage, keeping future healthcare needs in mind.

7. Create a Post-Retirement Income Stream

Apart from saving and investing, consider ways to generate a steady income during your retirement years. Annuities, dividend-paying stocks, and rental properties can provide you with additional income to maintain your lifestyle.

Key tip: The National Pension System (NPS) allows you to withdraw a portion of your corpus at retirement, while the remainder can be converted into a regular pension, ensuring consistent cash flow.

8. Review and Adjust Your Plan Regularly

Retirement planning is not a one-time task. You must review and adjust your strategy periodically based on changes in your income, expenses, and goals. Rebalancing your portfolio to match your risk tolerance as you approach retirement is essential to secure your future.

Key tip: Conduct an annual review of your retirement savings and investments to ensure they align with your long-term goals.

9. Seek Professional Guidance

Retirement planning can be complex, and it’s easy to feel overwhelmed. Consider consulting a financial planner who can provide personalized advice tailored to your retirement goals. They can help you choose the right investment vehicles, create a tax-efficient plan, and ensure you’re on track for a secure retirement.

Key tip: A financial advisor can help you make informed decisions, especially when it comes to balancing risk and returns as you approach retirement age.

Conclusion

Retirement planning is a crucial part of financial planning that requires disciplined savings, prudent investments, and strategic decision-making. By starting early, understanding your goals, and consistently reviewing your plans, you can build a retirement corpus that will provide financial security in your golden years.

If you're looking for personalized retirement planning advice, feel free to reach out to Financial Friend. Call Us at +91 9460825477 or visit our website www.financialfriend.in

 Our team of financial experts will help you navigate your financial journey, ensuring a secure and stress-free retirement.

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Understanding the Difference Between Long-Term and Short-Term Capital Gains in Mutual Funds

For many investors, mutual funds are a popular choice due to their potential for growth and diversification. However, one aspect that often confuses people is the tax implications associated with the gains from these investments. Specifically, understanding the difference between Short-Term Capital Gains (STCG) and Long-Term Capital Gains (LTCG) is crucial for effective financial planning. This article will clarify these concepts and explain the recent changes in tax rates as introduced in Budget 2024.

What Are Capital Gains?

Before diving into the differences, it's important to understand what capital gains are. Capital gains refer to the profit you make when you sell your mutual fund units at a price higher than the purchase price. Depending on the holding period—the length of time you keep the investment before selling—these gains are categorized as either short-term or long-term. If you wish to make the best mutual fund investments in Kolkata, reach out to experts.

Short-Term Capital Gains (STCG)

Definition: Short-Term Capital Gains are realized when you sell your mutual fund units after holding them for a short period, generally less than 12 months. This rule applies to equity-oriented mutual funds, which primarily invest in stocks. Taxation: STCG on equity mutual funds is taxed at a flat rate. Before Budget 2024, this tax rate was 15%. However, the recent changes have increased the rate to 20%. This means that if you sell your mutual fund units within a year of purchasing them, the profit you earn will be subject to a 20% tax.

Long-Term Capital Gains (LTCG)

Definition: Long-Term Capital Gains are realized when you sell your mutual fund units after holding them for more than 12 months. This applies to equity-oriented mutual funds as well as certain other types of funds.

Taxation: LTCG was previously tax-free up to ₹1 lakh per year, with gains above this threshold taxed at 10%. However, Budget 2024 has made significant changes. The exemption limit has been raised to ₹1.25 lakh per year, but the tax rate on gains above this limit has increased from 10% to 12.5%.

Key Differences: STCG and LTCG

● Holding Period: The primary difference is the holding period. STCG applies to investments held for less than 12 months, while LTCG applies to investments held for more than 12 months. ● Tax Rate: STCG is taxed at a higher rate (20% post-Budget 2024) compared to LTCG (12.5% for gains above ₹1.25 lakh). ● Tax-Free Threshold: LTCG offers a tax-free threshold, which has been increased to ₹1.25 lakh per year. STCG does not offer any such exemption.

Conclusion

Understanding the difference between STCG and LTCG is essential to select the best mutual fund to invest in Kolkata. It is important to keep updated on the changes in taxes so that you always plan investments accordingly.

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NRI Taxation: A Comprehensive Guide to Understanding Your Tax Obligations

For Non-Resident Indians (NRIs), managing taxes can be a daunting task due to the intricate tax laws that govern income earned in India and abroad. Proper knowledge of NRI taxation is crucial for ensuring compliance with Indian tax laws and avoiding any potential legal issues. This guide aims to simplify NRI taxation by covering important aspects such as the determination of NRI status, taxable income, deductions, tax filing requirements, and strategies to avoid double taxation.

1. Understanding NRI Status for Taxation

The classification of an individual as a Non-Resident Indian (NRI) is the foundation of NRI taxation. Under the Indian Income Tax Act, your residential status determines your tax liability in India. Here’s how NRI status is determined:

General Criteria: If you have spent 182 days or more outside India during a financial year, you qualify as an NRI. Alternatively, you are considered an NRI if you have spent less than 60 days in India in the current financial year and less than 365 days in the preceding four years combined.

Special Provisions: For Indian citizens or persons of Indian origin who visit India, the 60-day rule is extended to 182 days if they are leaving India for employment or other specified purposes abroad.

Once you are classified as an NRI, you are only liable to pay taxes on income earned or accrued in India. Income earned abroad is exempt from Indian taxation.

2. Types of Income Subject to Taxation for NRIs

As an NRI, your tax liability in India is limited to income that is generated within the country. Here are the primary categories of income that are taxable for NRIs:

a) Income from Salary

If you receive a salary for services rendered in India, it is considered taxable income, regardless of where the payment is received. However, if you are an NRI employed abroad by an Indian company, and your salary is paid outside India, it is not taxable in India.

b) Income from Property

Rental income from property owned in India is taxable under the "Income from House Property" category. NRIs must report this income on their Indian tax return, even if the property is located abroad. A standard deduction of 30% is allowed for maintenance expenses, along with deductions for interest paid on a home loan.

When an NRI sells property in India, capital gains tax applies. The tax rate depends on the holding period of the property. Short-term capital gains (for properties held for less than 2 years) are taxed at the applicable income tax slab rates, while long-term capital gains (for properties held for more than 2 years) are taxed at 20% with indexation benefits.

c) Income from Investments

Investment income is another key area of taxation for NRIs. Key points to consider include:

Interest Income: Interest earned on Non-Resident External (NRE) and Foreign Currency Non-Resident (FCNR) accounts is exempt from tax, while interest on Non-Resident Ordinary (NRO) accounts is taxable at 30%.

Dividends: Dividends received from Indian companies are taxable at a rate of 10% if the total dividend income exceeds ₹10 lakh in a financial year.

Mutual Funds and Securities: Capital gains from mutual funds and securities are subject to tax. Short-term capital gains on equity investments are taxed at 15%, while long-term capital gains above ₹1 lakh are taxed at 10% without indexation.

d) Capital Gains

NRIs are required to pay capital gains tax on the sale of assets like property, shares, or mutual funds in India. The tax treatment varies based on the holding period:

Short-Term Capital Gains: Gains from assets held for less than the specified period are taxed at the applicable income tax slab rates.

Long-Term Capital Gains: Gains from assets held beyond the specified period are taxed at 20% with indexation benefits (for real estate) or 10% without indexation (for equity and equity-oriented mutual funds).

3. Deductions and Exemptions Available to NRIs

NRIs, like resident Indians, can avail of various deductions and exemptions under the Income Tax Act to reduce their taxable income. Here are some of the key deductions available to NRIs:

a) Section 80C

NRIs can claim deductions up to ₹1.5 lakh under Section 80C for investments in specified instruments such as life insurance premiums, Employee Provident Fund (EPF), Public Provident Fund (PPF), National Savings Certificates (NSC), and principal repayment of home loans.

b) Section 80D

Under Section 80D, NRIs can claim deductions for premiums paid on health insurance policies. The maximum deduction is ₹25,000 for policies covering self, spouse, and dependent children, and an additional ₹25,000 (₹50,000 if parents are senior citizens) for parents’ health insurance.

c) Section 80TTA

Interest earned on savings accounts in banks, post offices, or cooperative societies is eligible for a deduction of up to ₹10,000 under Section 80TTA. However, this deduction does not apply to interest earned from fixed deposits.

d) Section 54 and 54EC

NRIs can reduce capital gains tax by claiming exemptions under Sections 54 and 54EC:

Section 54: Provides an exemption on long-term capital gains from the sale of residential property if the proceeds are reinvested in another residential property within two years or in under-construction property within three years.

Section 54EC: Allows an exemption on capital gains if the proceeds are invested in specified bonds (such as those issued by the National Highways Authority of India or Rural Electrification Corporation) within six months of the sale.

4. Filing Tax Returns as an NRI

NRIs must file an income tax return in India if their total income exceeds the basic exemption limit, which is ₹2.5 lakh for individuals below 60 years, ₹3 lakh for those aged 60 to 80, and ₹5 lakh for those above 80 years.

Filing a tax return can also be beneficial for NRIs whose income is below these thresholds, as it allows them to claim refunds for excess taxes deducted at source (TDS) or carry forward losses to offset against future income. The Income Tax Department’s e-filing portal makes it easy for NRIs to file their returns online.

5. Avoiding Double Taxation

Double taxation, where income is taxed both in India and the country of residence, is a significant concern for NRIs. To address this, India has signed Double Taxation Avoidance Agreements (DTAAs) with many countries. These agreements offer relief through two main methods:

Exemption Method: Income is taxed only in one country, and the other country exempts it from taxation.

Credit Method: Income is taxed in both countries, but the resident country offers a tax credit for the tax paid in the source country, reducing the overall tax burden.

NRIs must determine their eligibility for DTAA benefits and ensure they meet the necessary documentation and filing requirements to avoid double taxation.

6. Tax Planning Strategies for NRIs

Effective tax planning is key for NRIs to minimize tax liabilities and ensure compliance with Indian tax laws. Here are some strategies to consider:

a) Invest in Tax-Free Accounts

NRIs can benefit from investing in tax-free accounts such as NRE and FCNR, which offer tax exemptions on interest earned. Additionally, making use of tax-saving instruments under Section 80C can help reduce taxable income.

b) Plan Property Sales Strategically

When selling property in India, NRIs should plan the sale to take advantage of indexation benefits on long-term capital gains and exemptions under Sections 54 and 54EC. Timing the sale to align with favorable tax conditions can also help optimize tax liability.

c) Seek Professional Advice

Given the complexities of NRI taxation, consulting a tax advisor with expertise in cross-border taxation is advisable. A professional can guide you through the process, helping you claim eligible deductions, structure your finances efficiently, and stay compliant with the law.

Conclusion

Understanding and managing NRI taxation is essential for Non-Resident Indians to ensure compliance with Indian tax laws and optimize their financial well-being. By staying informed about your tax obligations, leveraging available deductions and exemptions, and employing strategic tax planning, you can navigate the complexities of NRI taxation with confidence. Whether you are an NRI with investments in India or planning to return, a well-structured tax strategy will help you achieve your financial goals while staying within the legal framework.

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Exploring Nidhi Companies in India: A Comprehensive Guide

In Depth Guide On Nidhi Limited Company

Nidhi Compan are a distinct category of non-banking financial companies (NBFCs) in India, established primarily for the mutual benefit of their members. These companies encourage thrift and savings among their members by accepting deposits and lending money exclusively to them, operating on the principle of mutuality.

Formation and Compliance

To form a Nidhi Company, a minimum equity share capital of Rs. 5 Lac is required, and the company's name must end with "Nidhi Limited." They are regulated by Section 406 of the Companies Act, 2013, and the Nidhi Rules, 2014. The primary activities of Nidhi Companies include accepting deposits and providing loans, similar to NBFCs, but they are restricted to transactions involving their members' funds only.

Exemptions and Regulatory Framework

Although Nidhi Company function similarly to NBFCs, they are exempt from the core regulations of the Reserve Bank of India (RBI) that govern NBFCs. Instead, they follow specific guidelines outlined in the Nidhi Rules, 2014, and Section 406 of the Companies Act, 2013.

Accepting Deposits

Nidhi Company are permitted to accept deposits up to 20 times their Net Owned Funds (NOF) as per their latest audited financial statements. The terms and duration for these deposits are as follows:

Recurring Deposits: Minimum duration of 12 months and a maximum of 60 months, with particular conditions for mortgage-related deposits.

Fixed Deposits: Minimum duration of 6 months and a maximum of 60 months.

The interest rate on deposits is regulated, with savings deposits capped at 2% above the rate offered by nationalized banks and fixed and recurring deposits limited to the rate prescribed by the RBI for NBFCs.

Investing Deposits

Nidhi Company must invest at least 10% of their deposits in unencumbered term deposits with scheduled commercial banks or post office deposits.

Loan Provisions

Loans from Nidhi Companies are granted only to their members and must be secured against assets such as gold, silver, jewelry, immovable property, fixed deposit receipts, National Savings Certificates, government securities, and insurance policies. Loan limits are based on the company's total deposits:

Up to Rs. 7.50 Lac if deposits range from Rs. 2 Crore to Rs. 20 Crore.

Up to Rs. 15 Lac if deposits exceed Rs. 50 Crore.

Up to Rs. 2 Lac if deposits are less than Rs. 2 Crore.

Up to Rs. 12 Lac if deposits range from Rs. 20 Crore to Rs. 50 Crore.

The interest rate on loans must not exceed 7.5% above the highest rate offered on deposits by the Nidhi Company and is calculated on a reducing balance method.

Branch Operations

Nidhi Company can establish up to three branches within a district if they have earned net profits continuously for the previous three financial years. For additional branches or branches outside the district, prior permission from the Regional Director and notification to the Registrar of Companies (ROC) are necessary. Branch operations are limited to the state where the registered office is located, and financials and returns must be up-to-date.

Basic Requirements

Nidhi Company must fulfill the following criteria:

Investment in unencumbered term deposits of at least 10% of the outstanding deposits.

A Net Owned Funds to deposits ratio of no more than 1:20.

A minimum of 200 members.

Filing a certified return in Form NDH-1 with the ROC within 90 days of the close of the first financial year.

Net Owned Funds of Rs. 10 Lac or more.

If these requirements are not met, an application for extension in Form NDH-2 must be submitted to the Regional Director. Non-compliance can result in restrictions on accepting deposits from the second financial year.

General Restrictions

Nidhi Companies are subject to several operational restrictions, including:

Inability to issue preference shares, debentures, or other debt instruments.

Restriction on opening current accounts with members.

Prohibition on engaging in chit funds, hire purchase, leasing finance, insurance, or acquiring securities.

Prohibition on non-borrowing or lending activities in its own name.

Restriction on advertising for soliciting deposits and paying brokerage or incentives.

Limitations on acquiring other companies or changing management without approval.

Prohibition on admitting bodies corporate, trusts, or minors as members.

Dividend declaration limits, capped at 25% unless approved by the Regional Director.

Conclusion

Nidhi Companies play a crucial role in fostering savings and financial inclusion among their members. By adhering to specific regulations and maintaining compliance, they ensure mutual benefit and contribute to the financial well-being of their communities.