Save Invest Repeat
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Few days ago, Reliance announced demerger/listing of Jio Financial Services (JFSL) to move into insurance etc. business.

Today Reliance announced KV Kamath as chairman Of Jio Financial Services. He is known as the father of retail consumer finance in India and is very close to RBI Governor as well as Indian PM.

Reliance is probably preparing for something big in this sector too.

- @InvestRepeat
Dollar ($) and Rupee (₹) are currency.

Bitcoin (₿), Monero and Gold are money.

- @InvestRepeat
🇨🇳 China is not growing anymore.

World's largest hedge fund manager Ray Dalio's projection that China is a rising superpower and investing 'god' Charlie Munger's heavy investment/support for the Chinese companies & the CCP - seems to be not working out.

- @InvestRepeat
Whenever you receive a legitimate call from a call centre for loans or products - don't talk with them in an aggressive manner. Just say NO politely.

They are just doing their job to support their family.

Your job is to respect his hustle to feed his family.

TALK POLITELY.

- @InvestRepeat
A family member completed 3 months of his salaried life & decided to start his term insurance today.

He will pay ~₹75,000 (after discount) annually for next 5 yrs. And if in case he passes away before age 75, his family will get ₹1.5 crores.

This ₹75k can be claimed under Section 80C, so tax deductible. His EPF is around ₹50k. So he will put the rest ₹25k in an ELSS Mutual Fund.

So total ₹1.5 lakh tax slab reduced and with that he now has safe EPF investment, risky ELSS investment and a term life insurance cover.

Most things covered for him. Very important for everyone to have a health and term insurance.

- @InvestRepeat
Hello,

You're having 'private' thoughts 💭 that may be illegal. If you’re not having illegal thoughts what’s to hide?

Only criminals worry about privacy. Let me insert this chip in your brain 🧠 so we can monitor it.

Don't be scared if you're not having 'illegal thoughts', let us scan your thoughts.

Sincerely,
Your Govt
🦷 Which toothpaste your family used the most in last 6 months?
Anonymous Poll
39%
Colgate
11%
Pepsodent / Close Up
20%
Dabur
15%
Patanjali
15%
Others
Parag Parikh MF's October factsheet is out. (Link here - click)

In a small investor note, Rajeev Thakkar suggests moving idle funds from Current Account to Liquid Fund.

In PPFAS Tax Saver Fund:
+ Bought NMDC Steel (0.35% of total portfolio)
+ Increased cash holding from 9.46% to 11.90%

- @InvestRepeat
NIFTYBEES is my Savings Account.
Gold price today across the world

🇨🇳 up 2.24%
🇺🇸 up 2.03%
🇪🇺 up 1.51%
🇯🇵 up 1.35%
🇮🇳 up 0.93%

- @InvestRepeat
If you're ignoring your health so that you can save more ₹ ₹ ₹ for buying more ETFs or Mutual Fund units - there's no nice way of saying this but you're probably stupid.

- @InvestRepeat
After many days, PHARMABEES comes in the top 3 traded ETFs. It was the 2nd most traded ETF today.

With 40,99,941 volume it almost had 2X the volume of NIFTYBEES.

- @InvestRepeat
🌏 2022 Returns (YTD)

Shopify (SHOP): -77%
Facebook (META): -70%
Nvidia (NVDA): -61%
Advanced Micro Devices (AMD): -61%
Bitcoin (BTC): -61%
PayPal (PYPL): -60%

But as per media & few mainstream people, only one of the above is a scam & should be banned. Rest are 'regulated' & all fine. 😂🤡

- @InvestRepeat
🇮🇳 Today I Learned: In India, Members of Parliaments (MP) get a pension for EACH term.

So an MP who is elected 4 times will get 4X the pension. What a terrible waste of India's money.

- @InvestRepeat
Save Invest Repeat
Continuing my SIP in ELSS Mutual Fund to get tax benefit at the end of this year. Most make the mistake to invest entire amount in Feb or March to claim tax. Today invested ₹18,000 in Parag Parikh Tax Saver Fund (PPFAS). - @InvestRepeat
As usual, continuing my monthly SIP in ELSS Fund to get tax benefit at the end of this year. Most make the mistake to invest entire amount in Feb or March to claim tax.

Today invested ₹14,000 in Parag Parikh Tax Saver Fund (PPFAS).
Out of the top 3 most traded ETFs today, 2 were Nifty IT ETFs. Also out of the top 7 most traded ETFs today, 3 were Nifty IT ETFs.

(1) Nippon India's ITBEES
(2) ICICI Pru's ICICITECH
(3) Kotak's KOTAKIT

Today was probably a record day for Nifty IT ETFs.

- @InvestRepeat
When Parag Parikh Mutual Fund says that they hold 11.90% of their portfolio in cash, many think it is just in a bank account earning nothing.

No.

PPFAS & most other mutual funds actually keep cash in Tri-Party Repo (TREPS). That means the cash is earning a 6-7% yield (return).

- @InvestRepeat
Save Invest Repeat
As usual, continuing my monthly SIP in ELSS Fund to get tax benefit at the end of this year. Most make the mistake to invest entire amount in Feb or March to claim tax. Today invested ₹14,000 in Parag Parikh Tax Saver Fund (PPFAS).
Got the allotment for ₹14,000 that I invested yesterday in Parag Parikh Tax Saver Mutual Fund (PPFAS).

Got 663.006 units allotted. As usual, will keep accumulating more units every month (will cap it below ₹1.5 lakh annually considering PF & Term Insurance)

Small small steps 🏃 → Financial Freedom 💸
What most call Mental Disorder is just a Lifestyle Disorder.

Of course you are depressed, You:
• Sit all-day
• Sleep late
• Wake up late
• Don't workout
• Eat junk
• Spend 70% time looking at a screen
• Have no money goals

This is a LIFESTYLE disorder.

- @InvestRepeat
After a long time, a Sovereign Gold Bond (SGB) did 4000+ volume. Today 4 different SGBs had 1000+ volume.

Volume
SGBAUG28V = 4,525
SGBMR29XII = 1,935
SGBJUL29IV = 1,228
SGBJUL28IV = 1,027

Slowly Indian markets are maturing 🇮🇳🚀

- @InvestRepeat