Unravelling the Financial Jargons your Advisor may use. The ultimate Cheat Sheet!
- Arzoo Dalal
- Jan 11 2021
“Do not save what is left after spending… but spend what is left after saving: Warren Buffet”Warren Buffet needs no introduction and with his quote stated above, he has very specifically pointed out when are you capable enough of spending. Every time I read this quote, it kind of motivates me for increasing my savings and securing myself for a healthier half of my life. So, we can’t deny the fact that how important financial planning is in our life. This whole business model started back...
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...
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...
March Newsletter - 2020
- Mitraz Financial
- Apr 22 2020
FINANCIAL NEWS EPFO subscribers can withdraw the lower of 75% of their savings or up to a maximum of three months' basic pay and dearness allowance from their PF account - during the current Coronavirus scare. However, the withdrawn amount cannot be reinvested into the corpus after the current situation is over. Unlike, other EPF withdrawals which take anywhere between three days to three weeks, request of withdrawal under the new pandemic rules of the pension fund will be honoured within three days....
"Whatever it Takes" When, how, and how much – recovery?
- Satish Anand
- Apr 22 2020
In this edition, we have covered:Tax Harvesting methods and detailsThe FM's Relief Package for the poorRBI's yet another out of the box effort to ease the credit crunch in the systemHigher weightage to India in the Morgan Stanley Composite IndexLink of the March Newsletter - 2020 at the end of the blogMarket commentary and our take on the current situationThere is a certain unquantifiable fear and because fear is unquantifiable, therefore the aversion by retail investors to believe that whatever...
Sec 194-IB - TDS On Rental Payout To Resident Landlord Above Rs.50,000 Per Month
- Yash Dhona
- Mar 26 2020
Are you a person who’s moved into a plush apartment, condominium or villa warranting to pay a rental amount more than Rs.50,000 per month? Wondering if there is any Income Tax applicability on the same? Sections pertaining to the “194” series in the Income Tax Act, 1961 deal with TDS (Tax Deduction at Sources). In the Finance Act 2017 – section 194-IB was inserted. This section deals with the tax deduction on payment of rent by certain persons with effect from 1st June 2017.ObjectiveThe...
July Newsletter - 2019
- Mitraz Knowledge
- Jul 31 2019
FINANCIAL NEWSThe Supreme Court on July 23rd delivered its verdict on the stalled projects of the Amrapali Group and has cancelled the RERA registration of the Amrapali Group. They have asked National Buildings Construction Corporation (NBCC) to complete all the pending projects of the group, thus giving respite to over 42000 home buyers. The apex court pointed out that Noida, Greater Noida authorities and bank had colluded with the group to the detriment of homebuyers. The court also directed the...
April Newsletter - 2019
- Mitraz Knowledge
- Apr 30 2019
FINANCIAL NEWSSEBI clarified that trail commissions can be up-fronted for systematic investment plans of up to Rs 3,000 per month, per scheme, for first-time investors in mutual fund schemes. SEBI had earlier asked the asset management companies (AMC) to adopt full trail model of commissions in all schemes while allowing upfronting of trail commission only in case of inflows through systematic investment plans (SIPs).The RBI raised the investment limit for FY 2019-20 for foreign portfolio investors...
March Newsletter - 2019
- Mitraz Knowledge
- Mar 31 2019
FINANCIAL NEWSThe Securities and Exchange Board of India (SEBI) has issued norms for valuation of money market and debt securities that are rated below investment grade, a move aimed at ensuring uniformity and consistency in valuation across the mutual fund industry. The regulator said all money market and debt securities rated below investment grade, shall be valued at the price provided by valuation agencies. Besides, the residual maturity for amortisation-based valuation would be reduced from...
May Newsletter - 2018
- Mitraz Knowledge
- May 31 2018
KNOWLEDGE-OUTCOME BIASSymptoms - The tendency to judge a decision by its eventual desired outcome instead of judging it based on the quality of the decision at the time of making the decision. An example - Baron and Hershey in 19881 had presented a hypothetical case to subjects, to rate the quality of a surgeon's pre operation decision. The subjects were presented randomly with a good outcome (living) or bad outcome (dying). The result was that those who were presented with bad outcomes rated...
