July Newsletter - 2020
- Mitraz Financial
- Jul 31 2020
Financial News SEBI's new margin rules, effective from Sept 1, 2020 Margin required to buy stocks. Prior till Sept. 1st, there was no margin collection and reporting for cash market transactions. From Sept.1st, all clients will need to have VaR+ELM margins (VaR - Value at Risk, ELM – Extreme Loss Margin) for cash/stock transactions. Therefore to take intraday positions, the maximum leverage available will be 100 divided by the (VaR+ELM)*2. This would seriously reduce the volume of trades happening...
QandA Report of Estate Planning Webinar
- Meyyappan M
- Sep 9 2020
Click here to watch the webinar on YouTube Webinar PPT Link and QandA PDF report at the end of this blog. What is the legal status of a codicil, (in the case of intestate deaths)? A codicil is an appendix to will. A codicil is valid if the Will is valid and no dispute is there. If there is a Will and a codicil, then the intestate situation does not apply. (How will this scenario change if the property is on both husband and wife?) Husband will come as Hindu Male, while Wife will come as Hindu...
QandA Report of Estate Planning Webinar
- Meyyappan M
- Sep 9 2020
Click here to watch the webinar on YouTubeWebinar PPT Link and QandA PDF report at the end of this blog.What is the legal status of a codicil, (in the case of intestate deaths)?A codicil is an appendix to will. A codicil is valid if the Will is valid and no dispute is there. If there is a Will and a codicil, then the intestate situation does not apply. (How will this scenario change if the property is on both husband and wife?) Husband will come as Hindu Male, while Wife will come as Hindu female...
HOW DO I START MY FINANCIAL PLANNING?
- Varsha Gaikwad
- Aug 19 2020
What does Financial Planning mean to you?Is it all to do with “Investments”?Is it about creating an unknown corpus of funds?Is it “Thinking about money all the time?”NO!!!It’s about your Financial FreedomPlanning for worst-case scenariosYour Life Goals & AspirationsIt is about YOU and Your Family’s Financial wellbeing NOW and in the future1. Financial Freedom is a REALITY!!! People typically consider this to be a Myth.Financial freedom can be defined as the freedom to follow your...
The Cost of Procrastination
- Kanchana Sridhar
- Aug 17 2020
The Cost of ProcrastinationWe may have something in common, it's a Saturday you are tired from the work you've done all week. You are just relaxing in your living room in front of your TV and you see a notification pop up saying you've missed paying your credit card bill & your heart begins to sink thinking about the added interest payment on it?You've experienced one of the costs of procrastination. Procrastination can cause missed deadlines, missed opportunities, and just plain missing out.Procrastination...
May Newsletter - 2020
- Mitraz Financial
- Jul 2 2020
FINANCIAL NEWSA committee appointed by the Reserve Bank of India (RBI), headed by the chief executive of Indian Banks’ Association (IBA) and consisting of representatives from all stakeholders, except bank customers, has recommended an increase in interchange charges for all transactions carried out on automated teller machines (ATMs) across the country. The committee also wants to cap cash withdrawal limit at Rs.5,000 per transaction and levy charges for any larger amount.The Union government...
Investment Adviser’s Compliance – An organizational burden or a necessity for Outstanding Client Service?
- Atrayee Sen
- Jun 10 2020
“Compliance is just a subset of “governance” and not the other way around.” – Pearl Zhu, Digitizing Boardroom: The Multifaceted Aspects of Digital Ready Boards To read or write something about Compliance, the first thing we must know What is Compliance! A compliance program is a set of internal policies and procedures of a company to comply with laws, rules, and regulations or to uphold the business reputation. Many times, companies can put additional rules to differentiate with competitors...
The age of rumour and negative information - Market Commentary
- Satish Anand
- May 26 2020
Globally, News continues to be dominated by things about and related to Coronavirus.In this edition of the newsletter, we have covered:Important aspects of Health Insurance during COVID timesThe dynamics behind the negative oil price in the US on 21st AprilThe rights of a nominee with relation to assets of the deceased.India’s plan to create a manufacturing alternative to ChinaSteps taken by RBI to ensure liquidity in the Debt MarketsThe link to the April Newsletter is at the end of this article.Please...
The Art of Asset Allocation in Investment Management
- Rahul Saha
- May 25 2020
Money.It is at today's age one of the most powerful tools which gives an individual, purchasing power and helps fulfil ones Aspirations. As a civilization, we have come a long way since the Barter System and currency now symbolizes a medium of exchange in the modern era.It is evident that earning money is extremely important, but to what extend should one be financially sound to manage one’s hard earned money so that he/she can not only preserve it for their goals but also generate decent returns...
Trivialising the Investment Process
- Anup Bansal
- Nov 10 2018
Festivals bring friends and families together and get-togethers lead to discussions. One favorite topic of discussion is the current state of affairs of the Indian polity and the Nation. Recently, I had one such interesting discussion with a friend of mine. We both passionately debated what is wrong with the current situation - rising oil prices, tax burden, poor infrastructure, demonetization, corruption, inept politicians and insensitive administration. We had a good idea about the fixes and were...
