NEW NORMAL

  Nowadays whichever business paper we see, one thing is common a full or half-page ad with details of an IPO. A few had already raised funds in 2021 and many are lined up for the same. Here one thing is common that each IPO is fully subscribed fully or more. Though the new version of covid 19 is growing in many parts of the country. Few have seen lockdown either partial or full depending upon the situation there. Also, petro prices and WPI so CPI is in the upper band. Both are contrast but it is true that economy and business confidence is increasing day by day. All new sets of policies are being adopted by companies, to do business. Here we have to see that our present condition is a mix of both excitement and dullness. But if we talk to people they are more confident that we will thrive out of it in near future. If we check the no. of enterprises be it MSME or large investment is as per plan. No one is thinking to stop the plan from execution. A few days back in our blog we had ...

 A few days ago an incident happened, one of our customers called to stop the SIP to pay his EMI of home loan. Another incident was to clear  Mediclaim premium. Last year was very painful for each and everyone due to pandemics. So such things happened, which is quite usual. But we see the pattern one thing is commonly visible, that we have no plan and calculation for such unforeseen events. Normally, a life full of ups and downs. We increase our burden in uptime. & in the downtime, we try to meet the obligations that were taken from time to time. In the process majority of people changes the track. Or all together abandon the target or goal. As said above the majority of people do not want to plan for life or even if they plan, willpower to sustain is very rare. It is good to have an advisor who can guide you in the time of need and at the time of plenty to check. Even if you are capable of handling all yours goals. A second opinion is always a good option. The customer wa...

 The recent budget has one provision regarding the volunteer contribution, which states that above  Rs. 2.5 L of contribution is now taxable. Until now it was a tax-free investment with a Sovern guarantee. As PF is handled by the Government or Trust which follows the strict rules of the Government. It was one avenue that was used by High Networth individuals to get risk-free returns without any locking period or where redemption and investment are not fixed, in comparison to other products. In simple words, it was a lifetime product or a whole life product for them. Now after the budget provision, the tax-free return is over.  Here there are other options which one can think of. One is NPS, here one can choose the secure or balance option out of the six options available. One will get a tax deduction under 80CCD(1B). Here one will not get maturity or redemption tax-free. Also, the annuity is taxable. Another option is a Fixed deposit of any Bank or Corporate deposit. It i...