Budget Wishlist — What Retail Investors Want

As the country starts building up expectations from the last budget before the election year, as a platform dedicated towards helping the next 100Mn Indians discover structured wealth creation, we have a wish list for Arun Jaitley, the man of the hour. 1. 80(c) deduction on Debt — DLSS : While we have seen a lot of inflow into ELSS …

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PPF closed for NRIs: What to do now & how to withdraw?

Public Provident Fund (PPF) accounts held by Non-Resident Indians (NRI) stand closed according to a recent notification by the Government of India. The closure will come with effect from the day their status changes to Non-Resident. A similar amendment has been done to National Savings Scheme (NSC). It implies that such individuals will not earn …

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7 Most Read Blogs on Upwardly in 2017

Here’s what our readers loved the most on our blog in 2017! Why Did Real Estate Investments Work for My Parents and Why It Won’t for Me: This is a topic close to the heart of many of our readers. It looks at why investing in real estate worked for older generation and what are the …

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Why are Mutual Funds becoming so Popular?

Seeing too many advertisements promoting Mutual Funds? Well, there’s a reason.. Let’s start off with the context of the Mutual fund industry with some interesting numbers! 100 Lakh Crores The amount in FD’s/Savings accounts 40–45 Lakhs Crores The amount in Insurance Linked Products Cumulatively it’s about 2.31 Trillion USD while the size of the Indian …

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The Urjit Patel Googly

RBI kept key policy rates unchanged at the 7th December policy meeting. The Repo rate remains at 6.25% and the Reverse Repo Rate remains at 5.75%. This was despite a consensus view from almost all market participants who were expecting a rate cut of at least 25 basis points in the key policy rates. RBI …

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De-monetization: Impact and opportunity

  I am sure all of us would have debated demonetization and the government’s decision to ban Rs. 500, and Rs. 1000 notes enough by now. While the whole economy gets impacted in several ways because of this action, let’s examine the main expected events and what can be done by us to derive maximum …

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