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The markets are trading at lifetime highs, backed by good quarterly results, improving economic outlook and a decline in Covid cases. Against this backdrop equity, mutual fund investors, after withdrawing money for months, have stepped up their investment s as confidence among the investing fraternity soars higher. For the first time since February last year, equity mutual funds have seen an inflow of 10,000 crores in May 2021. The redemption pressure too is waning. The best is yet to come. Many were afraid to buy during corrections due to high volatility, but with volatility subsiding, those who were waiting on the sidelines have jumped the bull bandwagon. Investors realised that the longer they wait, the more they will miss out on dividends and growth. The underperformance of debt funds, too, have contributed to the gung-ho attitude of equity investors. It should be noted that the debt category reported outflows of Rs. 44,000 crores in May 2021. The gradual decline in Covid cases too...

The second wave of COVID-19 has created unprecedented chaos and forced the healthcare system to be stretched at maximum. The management of health insurance and emergency funds have assumed even more importance. A salaried individual would most likely be covered under the group health insurance scheme. However, in the wake of pandemic-induced job uncertainties, it is important to protect oneself and family during volatile times. Just a year ago, health insurance was looked upon as an unnecessary expense. The pandemic has changed everything. Many are caught on the wrong foot due to lack of health insurance. Senior citizens are the worst affected group. As per data, senior citizens account for nearly 50 percent deaths due to coronavirus in India. More importantly, it is difficult for a senior citizen to obtain a policy without co-pay clause and in some instances the co-pay cost can be as high as 25 per cent. Besides an insurance is just not enough. There have been instances of insurance c...

The lesser the tax one has to pay, the more disposable income one has. As we all know that March 31 is the end of the financial year, it is high time to make tax-saving investments to get more disposable income. However, in this last-minute rush, individuals can commit mistakes that could prove costly in the long term. Here are some of those mistakes which must be certainly avoided: Indulging in panic investing In the last-minute rush, many individuals indulge in panic investing or pool in more money in tax-saving investments than required. This causes nothing but a disruption in future financial goals. Here, Saurav Basu, head - wealth management at Tata Capital asks people to first carefully evaluate taxes already saved by them in the form of house rent, education loans, home loans, etc and then invest only the remaining amount. "Individuals can also use a reliable online calculator or seek counsel from a tax specialist that will help them in computing this total investment amoun...

With large withdrawals and fewer contributions being made amid the coronavirus pandemic, the Employees’ Provident Fund (EPF) rates are likely to go down, experts suggest. Speculation is rife that Employees' Provident Fund Organisation (EPFO) -- the retirement fund body -- may cut interest on EPF for this fiscal (2020-21), from the current 8.5 percent. This is expected to have a cascading effect on the returns from EPF and Voluntary Provident Fund (VPF), believes Abhinav Angirish, founder of Investonline.in. VPF is an extension of EPF and investors can opt for VPF only if they have an EPF account. Additionally,   Budget 2021 levied a tax on interest income above Rs 2.5 lakh   in the case of EPF. This would further add to the woes of subscribers as interest earned on the annual EPF above Rs 2.5 lakh will be taxable. According to Angirish, VPF investors will have to assess their risk appetite and look for alternatives. Conservative investors, Angirish suggests, can park thei...

Mutual Fund Helpline on Zee Business by Abhinav Angirish, Founder of InvestOnline.in -  https://youtu.be/aKDc7rIQ0cU #InvestOnline​ #MutualFundHelpline​​ #ZeeBusiness​​ #SWP​ #investment​ #mutualfund​ #wealthmanagement​ #finance​ #business​ #App​ #india

Last year many investors were spooked by the volatility caused by Coronavirus pandemic. While investing once has to remember that they may have to bear short-term brunt just like any business that experiences cycles of high and low. There will be a time when valuations will be tossed out like paper. The key is to stick to the investment plan in order to reap rich rewards.  Many get unnerved by volatility. Historically the bear onslaught has a very limited shelf-life. At most, most bear markets last few months. Uncertainty and investing share an eternal bond of friendship. In the long term markets always tend to be positive. Hence, every investor must think logically and not irrationally. Since 2014, markets have nearly doubled, and after such a phenomenal rise, a fall of 20%-30% should not make investor jittery. Instead of panicking and trying to fight the market, one must take a step back and let the volatility run its course.  The portfolio is a reflection of investor's aspi...

In this show of Mutual Fund Helpline Abhinav Angirish speaks about - Should you invest in NPS or Mutual funds? - what could cheer retail investors in budget 2021? - Know why SBI Retirement Benefits Fund is a bit different from other funds Log onto: http://investonline.in ​ to explore our website. To download our app click on https://invonl.in/app ​ #InvestOnline ​ #MutualFundHelpline​ ​ #ZeeBusiness​ ​ #SWP ​ #investment ​ #mutualfund ​ #wealthmanagement ​ #finance ​ #business ​ #App ​ #india

Mr Janak Jhaveri is a busy man. Being a commodity trader he actively managed his business’ demands like warehousing, transportation, taking care of taxation and insurance, and not to mention fulfilling customer’s demand through efficient management of demand and supply. Mr Jhaveri considers himself as an average investor. He loves to dabble in stocks especially "hot" stocks or rumor based stocks. His favorites were midcap and small-cap stocks which were cheaply priced but offered a tremendous opportunity for multi-fold appreciation. His friends used to boast how these stocks doubled or tripled their money in no time.  In the year 2017, Mr Jhaveri, aged 63, sold one of his properties in Mira road. He wanted to gift a nice flat to his daughter in Malad. He was willing to shell an extra Rs 45 lakhs for the purchase of the flat. But the stock market was in frenzy. The midcaps and small caps were on the roll. Mr Jhaveri could not resist the temptation of quick money. He believed ...

Every investor, at some point of time, makes a mistake while making investment decisions. For many losing money seems like an unfathomable idea. It is distressing to watch profits evaporate during volatile periods. Investing mistakes are valuable lessons learned in investing arena. The first mistake is to invest without understanding one’s goals. Sadly, in India, most of the investing decisions are purely based upon recommendations of friends and relatives who may not be adept in the analysis of complex financial instruments. A good financial advisor is a must. He understands your goals and recommends investments that compliment your goals. For example, if you are saving to fund your children’s education and if you have 7-8 years, you can consider building a diversified equity fund portfolio instead of parking your money in debt funds or a fixed deposit. Another mistake is to make ad-hoc investments based on tax-saving criteria. Investing in tax-saving instruments must fit your investm...

Young people are often confused about their financial goals. Their savings are negligible. As soon as they land their first job, savings should be their priority. It helps to stabilize your financial situation and make them more focused on their financial goals.  Many youngsters do not have adequate financial knowledge since the educational system does not delve deep into the subject of personal finance. Hence, there is substantial ignorance on this subject.  In the era of rapid technological changes and job insecurity, it is important to be financially literate. Every youngster requires financial security in terms of savings investment and insurance.  Many youngsters invest in short-term fixed deposits thinking that it will provide them easy access to money as and when required. They depend upon the group insurance provided by the employer. This could be a costly mistake. The bank deposits, though safe, do not provide adequate returns that can beat inflation. The excessi...

Many never give retirement a serious thought. Probably, it is the least of priority especially for someone who is in the mid-30s or early forties. People often think that they have a long way to go and retirement planning should be undertaken only when is approaching retirement. This is a wrong assumption. This does not mean that you should start worrying about retirement now, but you must consider various options and start investing as and when the opportunity presents itself.  Metlife India Insurance carried a survey that revealed eye-opening statistics. Nearly 75% of working people rarely gave any thought to retirement planning. This is shocking considering that this figure stands at 55%, 45%, and 30% for Australia, the US, and the UK respectively. Indians, on the other hand, have a lackadaisical approach towards retirement planning. Nearly 70% of Indians are concerned about outliving retirement money. Astonishingly only 22% of Indians actually plan for retirement.  When it...

While the majority of people actively track their finances regularly, it is also important to make the kids aware of financial planning while they are young. By the time children are seven, their money habits are set. A good money habit can help a child to avoid costly financial mistakes in later life. Here are some handy tips to make a child develop good money habits : Open a savings account for them According to Abhinav Angirish, Founder and Managing Director InvestOnline , it is a good idea to open a savings account for kids at an early age. “This teaches them to read and analyze the bank statements which in turn helps them to learn about the concept of savings and interest. One could set the rule of spending some, saving some. Children always find delight in tracking their balance,” he opines. Make them aware of the concept of goal setting Parents could also make their children familiar with the concept of goal setting. In the words of Angirish, “Instead of buying a toy or gadget r...

Even with their hard work, ambition, and dedication, women entrepreneurs looking to raise funds sometimes get the short end of the stick. Sadly, women deal with gender biases more often than most think, especially when seeking to take on leadership roles and gain financial trust. So how do you find the right way to acquire investments to establish your own venture? Abhinav Angirish, the founder of Invest Online, shares some elements of fundraising, advice on tackling challenges, and tips for women entrepreneurs to raise funds successfully. 1. What are the key elements to consider before approaching investors? Remember, investors receive several proposals from entrepreneurs all the time. You have to think out of the box to stand out from hundreds of startups that are vying for their investments. The number one thing that qualifies you is your experience in the industry. Investors look for management with a track record. They are extra cautious here. Financials is another important eleme...

According to the Financial Times, bad debt has become one of the major obstacles to investment in the current financial turmoil. During the coronavirus outbreak, for instance, Financial Times reported that the Indian economy contracted by a whopping 24% – this was originally 3.1% in the first quarter of the year 2020. The drastic reduction in the GDP of India was far more than what economic experts had forecasted. During the pandemic, lots of businesses were shut with more than 140 million job losses recorded and one wonders how risk-free investment could be possible in such a situation. The response of the Indian government to the financial turmoil caused by the Covid-19 pandemic has been widely condemned. The failure to give some palliatives to those who lost their sources of income during the financial crisis was widely criticized. The Financial Times concluded that these were the worst times in the history of the country but the worst has happened and there are a lot of reasons for...