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
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
🇮🇳 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
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 ☀️
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 ☀️
If you have to spend rest of your life in any one of these below countries, which one will it be?
Anonymous Poll
31%
USA 🇺🇸
30%
Japan 🇯🇵
22%
Germany 🇩🇪
10%
Indonesia 🇮🇩
7%
Brazil 🇧🇷
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
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
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
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
🇵🇰 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
Bankers are often the highest-paid individuals in the world. They get paid to destroy our savings.
- @InvestRepeat
BREAKING (Bloomberg): Nigeria limits ATM Cash Withdrawals at just ₦20,000 per day ($45) to force Central Bank Digital Currency (CBDC) use.
🇳🇬 Nigerian Govt launched eNaira (CBDC) for cashless society which no citizens adopted due to its massive privacy & Govt surveillance risk; where every citizen's transactions can be monitored/censored by Govt/Central Bank.
To combat that Nigeria's Central Bank is now forcing users to adopt CBDC.
- @InvestRepeat
🇳🇬 Nigerian Govt launched eNaira (CBDC) for cashless society which no citizens adopted due to its massive privacy & Govt surveillance risk; where every citizen's transactions can be monitored/censored by Govt/Central Bank.
To combat that Nigeria's Central Bank is now forcing users to adopt CBDC.
- @InvestRepeat
In school, you're given the lesson then the test.
In life, you're given the test then the lesson.
- @InvestRepeat
In life, you're given the test then the lesson.
- @InvestRepeat
BREAKING (BSE Notice): NSE and BSE to add stocks in 'Surveillance Action List' after tracking social media posts.
Exchanges have started a new mechanism where a list of stocks is provided whose unsolicited videos & messages are being promoted/pumped/circulated on social media platforms.
Actions on those stocks will be as under:
• Reduction of Price Band wherever applicable w.e.f Dec 14, 2022.
• Scrip will be shifted to Trade-to-Trade settlement w.e.f Dec 14, 2022.
• Applicable rate of margin shall be 100% w.e.f. Dec 14, 2022 on all open positions as on Dec 13, 2022 and new positions created from Dec 14, 2022 onwards.
- @InvestRepeat
Exchanges have started a new mechanism where a list of stocks is provided whose unsolicited videos & messages are being promoted/pumped/circulated on social media platforms.
Actions on those stocks will be as under:
• Reduction of Price Band wherever applicable w.e.f Dec 14, 2022.
• Scrip will be shifted to Trade-to-Trade settlement w.e.f Dec 14, 2022.
• Applicable rate of margin shall be 100% w.e.f. Dec 14, 2022 on all open positions as on Dec 13, 2022 and new positions created from Dec 14, 2022 onwards.
- @InvestRepeat
🇺🇸 New US Data is out.
• PPI up. Even more than expected.
• Pace of wage (Salary) rising again since Nov.
In short, despite US Central Bank rising rates at a record pace to crush salary growth, inflation; none of that giving any real result.
2023 continues to look worse than 2022.
- @InvestRepeat
• PPI up. Even more than expected.
• Pace of wage (Salary) rising again since Nov.
In short, despite US Central Bank rising rates at a record pace to crush salary growth, inflation; none of that giving any real result.
2023 continues to look worse than 2022.
- @InvestRepeat
Telegram EXCLUSIVE - Sharing this only for the Telegram SIR Community.
☀️ We (who all are on this Telegram Channel) need to use our weekends to learn more & get ahead of those who doesn't learn at all or whose week ends on Friday. Don't spend your precious time on web series, Instagram etc. Learn, take notes, revise.
Kings & Queens, this Weekend Learning:
https://youtu.be/JoRwXMLsVis (English Version)
https://youtu.be/SMqJ59JKBHM (Hindi Version)
☀️ We (who all are on this Telegram Channel) need to use our weekends to learn more & get ahead of those who doesn't learn at all or whose week ends on Friday. Don't spend your precious time on web series, Instagram etc. Learn, take notes, revise.
Kings & Queens, this Weekend Learning:
https://youtu.be/JoRwXMLsVis (English Version)
https://youtu.be/SMqJ59JKBHM (Hindi Version)
YouTube
History of Yoga Full Film English
History of Yoga, the Path of my Ancestors is a 6000 year journey into origin, evolution & development of yoga. The story explores the elements of Yoga in Harappa Civilization, Veda, Jainism, Buddhism, Sufism, Hath-Yogic practices of medieval times & other…
🇮🇳 Indian Govt has released official data of Govt run telecom operators. (Indian Express)
Since inception till March 2022:
MTNL reported a net loss of ₹14,989 crore
BSNL reported a net loss of ₹57,671 crore
Since inception, Govt has lost ₹73,000 crores of citizens' money in just these 2 companies.
- @InvestRepeat
Since inception till March 2022:
MTNL reported a net loss of ₹14,989 crore
BSNL reported a net loss of ₹57,671 crore
Since inception, Govt has lost ₹73,000 crores of citizens' money in just these 2 companies.
- @InvestRepeat
In your 20s the best 4 words you should often tell to most of your friends in order to exponentially increase your net worth:
"I can't afford it."
- @InvestRepeat
"I can't afford it."
- @InvestRepeat
🏠 Progress on my 2nd Rental Property - After negotiating with 6 distributors, booked floor tiles. Total cost ₹37,360
₹960 per box of Kajaria Ceramics (KAJARIACER) tiles. Negotiation started from ₹1300 per box.
Will rent out the property from next year for monthly cash flow (dividend) which will be an extra source of income for me.
- @InvestRepeat
₹960 per box of Kajaria Ceramics (KAJARIACER) tiles. Negotiation started from ₹1300 per box.
Will rent out the property from next year for monthly cash flow (dividend) which will be an extra source of income for me.
- @InvestRepeat
BREAKING (Iranian Media): Iran set to freeze bank accounts of women who refuse to wear hijab.
Islamic Consultative Assembly told Radio Farda (local Iranian media) that women should respect the law (wear a hijab). Else SMS will be sent as a warning and then finally their fiat bank account will be frozen.
🇮🇷 Iran is also working on Central Bank Digital Currency (CBDC) & pushing for cashless society. Meanwhile demand for Signal, VPN, Tor, Bitcoin, Monero, Gold etc. have sky rockected among Iranian citizens.
Iran is currently facing one of the largest protest in history. Millions of protesters (mainly women) were seen chanting "We Will Fight, We Will Die, We Will Take Iran Back" and "Mullahs Must Get Lost".
- @InvestRepeat
Islamic Consultative Assembly told Radio Farda (local Iranian media) that women should respect the law (wear a hijab). Else SMS will be sent as a warning and then finally their fiat bank account will be frozen.
🇮🇷 Iran is also working on Central Bank Digital Currency (CBDC) & pushing for cashless society. Meanwhile demand for Signal, VPN, Tor, Bitcoin, Monero, Gold etc. have sky rockected among Iranian citizens.
Iran is currently facing one of the largest protest in history. Millions of protesters (mainly women) were seen chanting "We Will Fight, We Will Die, We Will Take Iran Back" and "Mullahs Must Get Lost".
- @InvestRepeat