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May42020 by wealth18.comNo Comments

Best Performing Gold Mutual Funds / Gold ETF

Mutual Funds

Gold is shining again! Over the past one year, Gold funds have delivered returns of almost 50%. Gold has always been viewed as a safe asset class and are chased by investors in times of uncertainty or market turmoil. As the gold prices are all time high, should you still consider investment in Gold through Gold ETF / Gold Funds? In this post, I will explain some of the options and best performing Gold Funds or Gold ETF in India that you can consider for investment. Difference between Gold ETF and Gold Mutual Funds: Gold ETF: Gold ETF is open ended fund that is traded on Stock exchanges. Gold ETFs invests in gold of 99.5 per cent purity (by RBI approved banks). You need a demat account to buy/sell Gold ETF Gold Mutual funds: Gold Mutual Funds is a variant of Gold ETFs. Gold mutual...

Apr182020 by wealth18.comNo Comments

PM CARES Fund – Full Details and How to Donate

News

In these unusual situations, everyone should be helping and supporting our country to deal with CoronaVirus pandemic. In addition to my donation to PM CARES fund, I want to encourage you all to donate. In this post, I am sharing details about PM CARES fund and how to donate. Please like, share and comment on this article on your Linkedin, FB etc to increase awareness. For every like, share and comment, I will donate Rs 1 to the PM CARES fund (upto Rs 25k). Don't worry, i will upload a receipt here :). Paytm and PhonePe are donating Rs 10 per donation made through them. Obviously, I cannot match them :), but doing my bit to increase awareness. Every Contribution Matters! What is PM Cares Fund The PM CARES fund was created on 28th March 2020 to support efforts against CoronaViru...

Apr132020 by wealth18.comNo Comments

Corona Virus Health Insurance Policies – Should you buy?

Insurance

In view of on-going COVID-19 pandemic, Insurance companies are launching Corona virus specific insurance policies. It will be beneficial for the individuals who do not have any other health insurance. Features of Corona Virus specific insurance policies: These policies are intended to give you a lump sum amount or hospitalisation expenses in case you are diagnosed positive for Corona Virus. (depending on the policy) These policies are for limited period - for 1 year only. It cannot be renewed. These policies are for Indian Citizens. There are some eligibility criteria related to age or travel history as well as waiting period etc. These are different for different companies. These policies are typically for sum assured between Rs 20000 to Rs 2 lakhs. The premiu...

Apr52020 by wealth18.comNo Comments

How to withdraw PF (advance) due to Corona virus crisis?

How to Series, PF

Govt has recently allowed to withdraw your PF early to help employees in Corona virus crisis., You can withdraw upto 75% of your saving. Read full details. In general circumstances,the EPFO allows account holders to take “non-refundable advance” or withdraw for specified purposes only such as a medical emergency, marriage, higher education or purchase of a house. See details in which scenarios normally you are allowed to withdraw early. But now you can withdraw due to Corona virus impact as well. How can I submit the request to withdraw my PF balance (take advance) You can submit the request online. To avail this facility, you should have UAN and Aadhaar and Bank number seeded in the EPFO database. See the details below as to how you can submit the withdrawal request online: Lo...

Apr22020 by wealth18.comNo Comments

RBI has announced 3 month relaxation / moratorium for Loans and Credit card dues

News

On account of Covid-19 pandemic, RBI has announced measures to mitigate the burden of debt servicing. Business or individuals may face loss of income or disruption in the Cash Flows, so these measures will help those businesses /individuals. The RBI has allowed all lending institutions to offer a moratorium to borrowers on repayment of all term loans for a period of 3 months. This moratorium also covered credit card dues. The moratorium was for payment of all instalments falling due between March 1, 2020 and May 31, 2020. However, it was also stated that "Interest shall continue to accrue on the outstanding portion of the term loans during the moratorium." According to the RBI, the deferred instalments under the moratorium will include the following payments falling due from March 1, 2020 ...

Apr22020 by wealth18.comNo Comments

SpiceJet – HDFC Trustee buys 5.45%

Stocks

HDFC Trustee Company has bought 3.4 crore shares of SpiceJet from the open market constituting 5.45% of the airline. The deal is approx Rs 120 crores. Rating agency CRISIL has downgraded the rating for Spicejet short term loans from "BB-" to "B" on significant deterioration of business risk profile. It has also cut the outlook in rating from positive to negative. In such times, HDFC Trustee's investment in SpiceJet is seen as a boost of confidence for the airline's management and investors.

Apr22020 by wealth18.comNo Comments

Theleme Master Fund picks up HDFC Bank shares worth Rs 280cr

Stocks

According to the block deal data available on NSE, Theleme Master Fund bought shares of HDFC Bank worth Rs 280 crore Theleme Master Fund is a UK-based hedge fund. The fund picked up more than 31 lakh shares for Rs 280 crores through open market. Morgan Stanley Asia (Singapore) PTE. - ODI sold these shares. On 2nd April.- HDFC Bank price is at Rs 830.

Apr22020 by wealth18.comNo Comments

Morgan Stanley buys 4 small-caps through bulk deals

Stocks

Global financial firm Morgan Stanley made as many as 4 purchases in small-cap stocks through bulk deals on NSE and BSE on March 30, data available with exchanges showed. The four stocks in which Morgan Stanley bought stocks were Kalyani Investment Company, (93000 shares @ 865.05 = Rs 8.04 crores) Nalwa Sons Investments, (53000 shares @ Rs 475.05 = Rs 2.52 crores) Summit Securities and (105000 shares @ Rs 233.50 = Rs 2.5 crores) Rajapalayam Mills (87000 shares @ Rs 458.05 = Rs 4 crores) Stock prices has been bit hard due to COVID-19 situation. The valuations are now attractive for long term investors. Source: MoneyControl

Apr22020 by wealth18.comNo Comments

Best Stocks to buy and build your portfolio for long term amid COVID-19 fall

Featured, Stocks

Most Nifty companies are hitting 52-week low amid COVID-19 fall - Are you scared to buy or are you tempted to buy? Most companies in Nifty has hot their multi year low . FIIs have pulled out approx INR 60000 crores from Indian market in March 2020, but DII has been buying. Note that these are uncertain times and markets can even go lower from here. So, you should think about buying only from long term perspective. Here are some of the good stocks that you can consider adding to your portfolio gradually. - Reliance Industries - HDFC Bank - HDFC - Bajaj Finance - Asian Paints - Colgate - Britannia - Dabur - L&T - Axis Bank - Titan - Cipla - Infosys - TCS Stocks for Long term Investments You can also consider the following stocks for long term investments: Dr Lal Pathlabs ICICI Secu...

Apr22020 by wealth18.comNo Comments

80C Investments deadline extended – some points for clarification

News, Taxation

Government has announced several measures to minimise the impact of coronavirus on the taxpayers and investors. As part of these measures, the Finance Minister has: extended the deadline for submitting belated ITR filing deadline for FY2018-19 to June 30 2020 extended the Aadhaar-PAN linking deadline to June 30, 2020. extended the timelines for making 80C investments for FY 2019-2020 from 31Mar2020 to 30June2020. After these announcements, there is some confusion over the tax issues. Following are some details to clarify such points of confusion: 1. Has FY2019-20 itself been extend to June 30 and whether the income in Apr - June 2020 will be taxable within FY 2019-2020? NO. The FY2019-20 will close on March 31, 2020 as usual. Only income till March 31, 2020, will be considered for...