Motilal Oswal Nasdaq 100 ETF (MON100) is currently trading at a discount.

Price: ₹95.15
iNAV: ₹95.61

Nearly a 0.47% discount on its actual price.

- @InvestRepeat

🇮🇳 Index Fund & ETF Update: From today Motilal Oswal reopens 3 overseas schemes.

+ S&P 500 Index Fund
+ MSCI EAFE Top 100 Select Index Fund
+ Nasdaq 100 FoF (will increase MON100 ETF volume)

₹2 lakh max, per PAN, per month in each schemes allowed. Only lumpsums accepted, no SIPs.

- @InvestRepeat

BREAKING: IIFL launches India's first ELSS Index Fund.

Till now only actively managed Mutual Funds were available in ELSS category. Now with this, investors will have a low-cost passive fund tracking the Nifty 50 index; with tax benefits.

SEBI allowed ELSS Passive Funds category in May this year. IIFL is the first one to launch an NFO for a fund like this.

- @InvestRepeat

Transparency time - Investing in Nov 2022:

✅ New Position:
None

🔼 Increased Position:
Bitcoin (BTC)
Physical Silver
Monero (XMR)
Ethereum (ETH)
Nifty 50 (NIFTYBEES)
Nasdaq 100 (MON100)
Nifty Next 50 (JUNIORBEES)
Nifty Midcap 150 (MID150BEES)
Emergency Funds (Liquid Fund)

🔽 Decreased Position:
None

❗️ Exited:
None

Hearing IT companies telling employees to resign after X days if they didn't get any project.

> CEO says no layoffs. Media celebrates 'Such great company'.
> Companies fail to give project (work) despite hiring.
> Employees asked to resign instead of firing.
> So technically company fired no one. CEO still 'great guy'

Nice strategy 🤡

- @InvestRepeat

US Central Bank (Fed) raising rates to crush the economy (demand, jobs etc.) & control inflation.

Meanwhile,
Wages keep rising.
Nonfarm payrolls still strong.
Unemployment is still at 3.7%.

Though actual employed workers down but still concerning data points suggesting risk of wage price spiral. Fed wouldn't like this - they will have to crush the economy more to push more people into unemployment. 2023 looks worse than 2022.

- @InvestRepeat

Nov 2022's dividend update. Received from

₹ TCS (TCS)
₹ Infosys (INFY)
₹ HCL Tech (HCLTECH)
₹ Sovereign Gold Bonds

Average monthly stock dividend & crypto staking reward is now in 3 digits. Next goal is to hit the 4-digit mark.

Telegram EXCLUSIVE - Sharing this only for the Telegram SIR Community.

☀️ Kings & Queens, this Weekend Learning: https://youtu.be/yPJroM67Awg

Some of the best instruments for tax benefits under Section 80C

⚡️ ELSS: 12% to 15%
⚡️ NPS: 8% to 11%
⚡️ EPF: 7 to 8%

You can save tax & get wealthy ₹ ₹ ₹ parallelly.

- @InvestRepeat

Kuvera - one of the largest Mutual Fund platforms released last week's platform data.

People kept dumping garbage Mutual Funds & bought Nifty 50 Index Fund.

Also PPFAS & Quant keeps attracting new fund flows.

- @InvestRepeat

Govt allows Employees State Insurance Corporation (ESIC) to invest up to 15% surplus funds in equity through ETFs.

🇮🇳 Initially 5% will be invested. Estimated flow ₹3000Cr per year. Expected to increase to ₹10k Cr after 2 quarters.

Investments are restricted to Nifty 50 & Sensex ETFs. They usually go for SBI run ETFs. But overall ETF volume will increase in India 🚀

- @InvestRepeat

5 suggestions for Budget 2023:

Conveyed my suggestion to Gov from here: https://www.mygov.in/group-issue/inviting-ideas-and-suggestions-union-budget-2023-2024/

① Tax Slabs: Reduce Income Tax Slabs by about 5% each. GST is already covering a lot of it. Lower IT will make more people file ITR.

② Exception/Deduction: 80C limit should be increased to ₹2.5 lakh. And LTCG exemption limit to ₹2.5 lakh.

③ Equity: Dividends should be tax-free until ₹5 lakh. Anyone receiving ₹5 lakh+ in an FY as dividend has to pay as per his/her income tax slab.

④ Crypto: Remove TDS, keep only the Capital Gains tax. Unnecessary use of resources for IT Dept to apply TDS as hardly anyone files TDS for each transaction & hard to verify for IT Dept.

⑤ Inheritance Tax: Anyone (Son, Wife etc.) inheriting ₹20 Cr+ from some family member (Father, Husband etc.) should be taxed at 40 to 50%. Inheritance Tax exempted for those who donate it to non-family members or NGOs run by non-family member. No more than ₹20 lakh can be donated to 1 person/entity.

- @InvestRepeat

How you will be a good investor of money ₹ ₹ ₹ when you're a bad investor of time⌚️.

Most people don't realize that Save Invest Repeat (SIR) talking about Index Funds / ETFs, doesn't make SIR richer. SIR could make a lot more money talking about trading, scam crypto coins, mutual funds etc.

SIR currently has 6 figure offers to promote some brokers, smallcase, mutual funds. SIR can make ₹1,00,000+ for 2 promotion tweets. But won't take it.

SIR chose bhakti & legacy ☀️

When you buy an actively managed Mutual Fund, don't forget - you just paid extra fees to make the crorepati fund manager & its fund house more rich than earlier (& you poorer in 80%+ cases).

Kotak President / AMFI Director who was fined by SEBI for ignoring MF rules & regulation gets paid ~₹10 Crore yearly (the highest)

Don't forget, AMFI is created to look over AMCs & they spend crores to promote actively managed funds through ads.

- @InvestRepeat

"Top 10 Easy Ways to Make Money" videos only helps the video creator not the video consumer.

Like each year, this year also maxed out my National Pension System (NPS) Tier 1 account tax limit.

Invested ₹50,000 this year. For the rest of this financial year, all my money will flow into stacking more ETFs, Stocks, Gold & Bitcoin.

Discipline = Financial Freedom 💸

- @InvestRepeat

If you think fiat currency ₹ ₹ ₹ is good, you are either:

A) a politician
B) a central banker
C) a commercial banker
D) ignorant, because you trust a, b, or c

- @InvestRepeat

BREAKING (Bloomberg): Gold price hits record high in Pakistan.

🇵🇰 Amid economic uncertainty, 1g gold price has hit 13,710 Pakistani rupees (local fiat currency).

Gold demand in Pakistan jumped 34% YoY to 13 tons between July-Sept. That was the most amount of gold purchased during a quarter in at least about 3 years.

- @InvestRepeat

People who actively work at European Central Bank to print unlimited fiat (€) money & destroy the savings of average citizens are now 'unhappy' that their fiat salary hike is not growing as fast as the fiat money printing.

Bankers are often the highest-paid individuals in the world. They get paid to destroy our savings.

- @InvestRepeat