Nirav Panchmatia's Blog

Author: niravpanchmatia

My daughter has 3 piggy banks

    I am not somebody who would share my personal affairs so easily; after all I am a very private person; but I observed something in my daughter’s behavior (while handling money) that I thought would be of help to us all; Now, we all have, during our childhood, been gifted piggy banks by…

Investing Resolutions 2014

It is always good to go to the root of a word and try and understand the underlying true meaning of the word. So I decided to check Wikipedia for the meaning of the term “New Year’s resolution” and here is how Wikipedia defines the term.
A New Year Resolution is a secular tradition, most common in the West but found around the world, in which a person makes a promise to do an act of self-improvement starting on New Year’s day.

Common Stocks, Uncommon Profits

If you regularly watch business channels then you would have noticed the change in tone of media and the market experts on TV channels with respect to the advice they give on markets. Since last couple of months, and in case of some experts since last year or so, are coaxing you, the retail Investor, to INVEST in Equities (i.e. Stocks) &/or Equity Mutual Funds.

However, this is my advice to you, the INVESTOR & my BLOG readers…

BAD TIMING

Of late many of you, my BLOG readers, have written to me requesting me to increase the frequency with which I write articles on my BLOG. I am happy to know that I have great folks out there waiting to read what I write on the subject of Investing & Personal Finance and admit that I should write more frequently.

I know I that I suffer with bad frequency or shall I say BAD TIMING in writing my BLOG and I fully admit my mistake. I shall endeavor to correct myself and write more frequently in future. Your opinions, suggestions and constructive criticism are more than welcome.

CRISIL report confirms my view on Tax saving Mutual Funds

Great!!! I now have the backing of India’s leading credit rating agency CRISIL confirming my view that Tax Saving Mutual Funds, also known as ELSS, are an Investors best bet as far as Tax Saving Investments are concerned. The investors favourite, PPF & NSC, have been beaten black & blue by good ELSS funds over a 10 year period, as per a recent report published by CRISIL.

So all those articles that I have written on Tax Saving Mutual Funds or ELSS have not gone in vain.

INVEST and therefore SAVE TAX and not vice versa…

Confused about the heading of this article…

What is the biggest mistake people commit in the month of March???
The first financial agent to knock on your door in March gets to sell any damn financial product to you.
Any damn financial product with any amount of commission and expenses?
And all his hefty commission and his company’s expenses go from whose pocket?
Obviously from your pocket…

Subbu liquid fund ke bare main nahin jaanta hai

You must have seen or read about this wonderful advertisement appearing since december on TV as well as print media…

“SUBBU SAB JAANTA HAIN”….

It is an advertisement by Kotak Mahindra Bank intending to attract money in it’s savings bank account on which it recently increased the interest rates from 4% per annum to 6% per annum.

JAAGO NRI JAAGO

“The BEST Investment opportunity is provided only in times of CRISIS”.

Indian importers are aghast, shocked and caught unawares at the sudden fall in rupee vis-a-vis the US dollar…an Indian traveller, the Indian Govt. and the Indian Importer are in pain as they have to pay full 15 to16% more rupees today to buy 1 US dollar compared to a year back…

Have a look at the table below…