5 Simple Steps for Wealth Creation

The problem with simple steps is most people do not believe it.

Someone asked me suggest 3 shares which will make me good gains over the next 10-15 years.

I said, if you are not planning to actively manage, it makes sense to invest in 3 mutual fund schemes.

He said; no no, i want good stocks.

I said, I can tell you 4-5 shares in my portfolio take your pick. HOWEVER i review it on a Quarterly basis, may buy, sell, trade,…so you run the risk of not keeping in touch with me & showed him the list containing Hdfc, Hdfc bank, Coromandel, Tata Motors, Infosys,  L&T.

He said….. these everybody knows!!

5 Simple Steps

  1. Spend less than you earn: On a month to month basis you may be living within your means, but look at those times when you are worried about who will pay your credit card bill. ALSO putting away money for ALL your future goals like marriage, children, children’s goals, retirement….is what one means by saying ‘spend’, not just daal chawal.
  2. Borrowing is avoidable: If you have money use it. I found a man earning Rs. 5 lakh a month being encouraged to take a Rs. 12L loan to buy a car. I said wait for 3-4 months, surrender one stupid ULIP and the car will be yours. Attitude towards debt HAS to be ‘Shit, I hate you, and will touch you ONLY IF I HAVE TO.
  3. Cars and Airconditioners have a greater running cost per year on fuel MUCH more than the EMI. See if you can afford that.
  4. Save, Invest and take a term insurance: Medical insurance is not much of an option if you are over 35 years. Till then if you depend on company medical cover, it is not so scary, but as a rule, if there is a risk it should be covered. Simple Risk Rules.
  5. Take care of your health: I know a 87 year old man spending Rs. 1000 a YEAR on medicines, and one 55 year old spending Rs. 3800 p.m (and to be spent for the rest of her life). Do you need a PhD in maths to know who will have more money in the bank, assuming the corpus is not very different?

Seriously, there are zillions of such things – and you also know most of them, the question is do you do it?

Life is about doing, not just knowing.


FAQ on Bharat Bond ETF

Any Better Alternatives?

Bharat Bond ETF is an exchange traded fund with a Target Maturity Date.

It will invest in bonds of Central public sector enterprises (CPSEs), Central Public Sector Undertakings (CPSUs), Central Public Financial Institutions (CPFIs) and other Government organizations.

NFO (New Fund Offer) offer period is 12th – 20th Dec 2019.

It is a Government of India Initiative to help public-sector organizations with their borrowing requirements.

An Exchange-Traded fund can be freely traded live during market hours and is a low-cost product.

  • Bharat Bond ETF is expected to have a TER (Total Expense Ratio) of about 0.0005% i.e. Rs.1 for 2 Lakh Investment. source BharatBond.in.
  • Encourage institutional buyers to participate like insurance companies, pension funds, mutual funds etc.
  • Increase trading and liquidity in these bonds.

What is a Fixed maturity ETF?

This kind of ETF has a Fixed Maturity Date. Bharat Bond ETF has 2 types: 3 years and 10 years. The underlying index will also mature at the same time. For example: BHARAT Bond ETF – April 2023 denotes the maturity date.

What is the underlying index?

Nifty BHARAT Bond Index which will be initially constructed with AAA bonds. If a bond falls below AAA but is above BBB- (investment grade), the bond will be removed from the index only in the next calendar quarter. Only if becomes junk will the bond be removed from the index in five days.

Don’t assume it will hold only AAA Bonds

Current Portfolio of NIFTY BHARAT BOND INDEX

Source: NSEindia

What is the difference between an open-ended ETF and a fixed maturity ETF?

In an open-ended ETF, the fund will keep buying new bonds upon maturity of the existing bonds. A fixed maturity ETF will try and hold the bonds up to maturity.  For example: a 3 year Bharat Bond ETF will hold bonds that mature within 12 months of the maturity date. The residual maturity of the 3-Y ETF is 282 years.

What are the advantages of a fixed-maturity ETF?

This combines the ability to sell at the exchange at any time and eliminates interest rate risk and credit rating change risk if the bonds are held up to maturity and do not default.

Is the return of principal guaranteed?

No. While the underlying risks are comfortably and acceptably low, no such guarantees can be made.

Are the Returns Guaranteed?


Are returns predictable? Will I get the indicated yield if I hold until maturity?

Returns are not predictable. Even if one holds the ETF until maturity, the final returns will be governed by market forces. For example: the interest received by the fund will be reinvested into the portfolio. The yield of the bonds could be lower at that time (bonds priced higher) resulting in a deviation from the estimated yield on creation. This is known as Re-Investment Risk(People in my Whatsapp Group might understand this as this has been communicated to them). Over 3 years, this is likely to be minimal but can be significant over a 10 year period.

Any changes in the bond portfolio, especially a rating downgrade resulting in the need to sell the bonds, will impact yields.

Public sector bonds are the safest, are they not?

Relative to a corporate bond = YES. This does not mean default is not possible. Five years ago how many would have believed a 100% government-controlled company like BSNL would find it difficult to pay staff salaries?

How to invest in Bharat Bond ETF?

Obviously, through Demat Account. No other route is available currently.

Taxation in the Bharat Bond ETF?

The maturity date of 3 year bond is a little more than three years. This is to ensure the gains will be denoted as long-term capital gains with 20% tax after indexation. This means that the purchase price can be inflated using the cost inflation index before computing the gains. So effective tax rate would be about 18-20% depending on the rate of inflation.

Pls note the rate is applicable for all tax slabs. For those in the 5% slab, a simple FD will work better.

For senior citizens, this is not particularly attractive as fixed deposits carry an Rs. 50,000 income tax exemption.

For a sale mid-term, the gains will be added to income and taxed as per slab.

Min & Max Investment for Retail Investor?

Min: 1000, Max: 2 Lakhs (Only for NFO period).

Any Better Alternatives?

A carefully chosen Arbitrage Fund that don’t hold risky bonds, better for those in 20% & 30% tax slab. Arbitrage fund can be redeemed at any point of time with no exit load. (There can be some funds with 30 days waiting period).


People who want to still try the Bharat Bond ETF & have demat account can go ahead with 3 yrs term. 10 yrs will be too long as it may carry re-investment risk, liquidity risk and more volatility.

If you still have any more questions, kindly send me on 9029868078 / kaustubhd.1984@gmail.com alongwith your complete details & location.

NO COST EMI; Is it Beneficial?

EMI stands for Equated Monthly Installments. It is a fixed amount lender pays to the borrower each month until the principal and interest are fully paid. No Cost EMI is where the consumer “thinks” there is no extra cost other than the price of the product.

Loan without Interest:

According to RBI circular from 2013, Banks should refrain from offering any zero-interest loans on retail products.

“some banks were loading the expenses incurred in sourcing the loan (viz DSA commission) in the applicable RoI charged on the product. Since the very concept of zero per cent interest is non-existent and fair practice demands that the processing charge and RoI charged should be kept uniform product / segment-wise, irrespective of the sourcing channel, such schemes only serve the purpose of alluring and exploiting the vulnerable customers. The only factor that can justify differential RoI for the same product, tenor being the same, is the risk rating of the customer, which may not be applicable in the case of retail products where the RoI is generally kept flat and is indifferent to the customer risk profile”.

Now-a-days, Online Shopping Portals offers a discount equivalent to Interest, so the effective price seems to be the same as without Loan to Customer.

Here, the retailer offers discount equivalent to Interest, It seems like a good deal in first look, but there is a reason retailer’s offer this.

One reason is where you lose money since you have to let go of the discount which would have been yours (If you pay upfront amount). That discount is higher than the interest which retailers have to pay to Banks. In the second case, the Company might not want to devalue the product as it will affect the brand value.  So instead of offering a direct discount, they offer No Cost EMI to increase sales.

No Cost EMI is usually offered on the credit card associated with the bank making the offer. This way, they are betting on consumers paying credit card interest too!

Let’s understand it with a example. Kiran is a Professional Outdoor Photographer. He wants to buy OnePlus 7T Pro Smartphone worth 53999 INR. He doesn’t have to pay the upfront amount, but can manage to pay off in 6-7 months. He found a deal on ecommerce portal where he can pay 9000 INR for 6 months. He is delighted to purchase the product without opting for EMI. Isn’t it a great deal? Let’s find out.

Such loans carry 18% to 30% interest. Let’s assume for the case study, it’s 18%. Here’s the break-up:

  • Original Price 53,999
  • Discount Offered -1990
  • Interest on Loan 1990
  • Amount to be paid 53,999

The problem with such deals is, online sites never provide such breakdown upfront; otherwise very few people will fall for it. If you randomly search any site at any time there are 5% off offers available. But if you wait a couple of months (Which most people like Kiran hate to do), you can find a deal worth 10% off + Additional Cashbacks which means Kiran could have got the phone for 51,000. You can take any product at any time and do this math you will find out paying money upfront is a better option.

Even if there is no other discount available, remember you are buying things on loan at more than 15% Interest.

That’s a matter of choice; people should make.

The real problem is when Interest is added to the Price, and then it is offered on No Cost EMI. Any company paying Interest from their pocket to increase sales is a bit difficult for me to digest.

Summary: Even though many examples prove that No Cost EMI is harmful, there is an even bigger risk present when you opt for such plans. If you often have this habit of buying things on EMI, you are essentially spending before you earn. If you do not pay attention to this habit, it will not take long to turn into spending more than you earn.

Feel free to provide your feedback on +919029868078

How Traditional Insurance plans Exploit your Money

Traditional Insurance Plans are deadly products to invest in.


You never understand where the amount is invested as it is not a transparent product.

Let me show you the way how to calculate returns from any traditional insurance policy. Next time when any insurance agent shows you a policy benefit illustration or your friend or relative asks you, “Is this a good policy to invest in?”, use this method to show the annualized return they can expect (before bonuses which will not make a significant impact).

Case: Guaranteed, but Lumpsum Payout

Here is a typical “guaranteed plan” offered by many insurers. This promises to pay a “fixed returns” for Y no of years after the premium is paid for X no of years. This sounds so great on paper. Let us investigate more with an example.

Here is a plan of LIC, Jeevan Lakshya for a 25Y policy with 22Y premium paying term. The sum assured ~ Rs. 10.10 Lakh and the annual premium is Rs. 43247 or Rs. 45193 with GST (notice that illustrations will not include taxes).

At the end of 25Y, the policy will pay out Rs. 1010000/- as a guaranteed benefit. It will pay Rs.49/- per 1000 Sum Assured as Simple Reversionary Bonus, which will be 12,37,250/-. The mentioned rate is of 2015-16. (Information available on LIC official website). The rate changes every year. Point to Note:- Simple Reversionary Bonus & Final Additional Bonus Rates are not fixed & largely depends on profitability of company. Hence, I term it as NON-GUARANTEED.

We need to tabulate all the cash inflow & outflow mentioned below

insurance plan cashflow
  • Col A is just the year no starting with zero (the 1st premium)
  • ​Col B a set of premium paying dates Col A is just the year no starting with zero (the 1st premium)
  • ​Col C the premium paid (before GST)
  • ​Col D the sum of total premiums paid each year
  • ​Col E actual premium paid (including GST). Shown as negative for return calculation. ​The money we pay is shown as negative and the money we receive is positive.
  • ​Col F Sum Assured on Maturity plus assumed Simple Reversionary Bonus paid is given to us (so this is positive).
  • ​Col G is the total cash flow that is the sum of Col E and Col F.  The final payout of Rs. 2247000 is shown as the final entry (25th Year).

​The XIRR or annualized return formula is as shown below.

​The XIRR formula is = XIRR(set of cash flow values, dates)

Returns Chart

​The annualized return is meagre “5.23%”

​This example shows that it is better to use dates + payouts and use XIRR at all times.

​When the payments are not immediate, you lose immensely and insurance company gain immensely. ​And we are not even considering the fact that the insurer can invest the premiums collected and earn a return on it over the many years they hold on to it.

​When the payments are not immediate, you lose immensely and insurance company gain immensely.

​Where do you think the bonuses come from?!!

​If you receive the payout immediately, not only is the return high, you can use it any way you want. If insurance company delay payouts, they can use it any way they want. ​Time is money!!

​This idea is also known as “Opportunity Cost!”

​If the money is locked-in, we lose more than we know!

How much is the Income Tax Deduction available under Section 80C, in case of Life Insurance for every individual?

Life Insurance Plans are very popular as a tool to get deduction under section 80C of the Income Tax Act, 1961. The investment in life insurance can be deducted up to Rs 1,50,000. It a common perception that Premium Paid on all Life Insurance Policies qualifies for deduction under section 80C of the Income Tax Act,1961 and full premium amount qualifies for deduction under section 80C.

Apart from several other items provided under section 80C, a taxpayer, being an individual or a Hindu Undivided Family (HUF), can claim deduction under section 80C in respect of premium on life insurance policy paid by him/it during the year.

Policy to be taken in whose name?

In case of an individual, deduction is available in respect of policy taken in the name of taxpayer or his/her spouse or his/her children.

In case of a HUF, deduction is available in respect of policy taken in the name of any of the members of the HUF.

No deduction is available in respect of premium paid in respect of policy taken in the name of any person, other than given above.

Deduction Allowed

Overall deduction u/s 80C (along with deduction u/s 80CCC & 80CCD) allowed is up to Rs. 1,50,000

How much deduction available u/s 80C for investment in insurance policies???
Section 80C of the Income Tax Act provides deduction up to Rs 1,50,000 provided you invest according to condition given in section itself. One of the most popular way of saving tax by deduction u/s 80C is purchase of insurance policy. There is common perception that premium upto Rs 1,50,000 on any insurance product like life insurance or Unit Linked Insurance plan is fully allowed. However, this is not correct. The reason for such conclusion is section 80C (3) and 3(A) of the Income Tax Act which specifies which premium is eligible for deduction under section 80C of the Income Tax Act,1961.

Restriction on amount of deduction with respect to capital sum assured/ Eligible Premium under Sub-section (3) and (3A) of 80C of Income Tax Act,1961 For regular Life Insurance Policies (other than contract for deferred annuity)

Issued from 01.04.2012 – premium paid not in excess of 10% of Capital Sum Assured (as amended by Finance Act 2012).

Issued from 01.04.2003 and on or before 31.03.2012 – premium paid not in excess of 20% of Capital Sum Assured

Eligible Premium under Sub-section (3) and (3A) of 80C of Income Tax Act,1961 For Life Insurance Policies (other than contract for deferred annuity) for (a) a person with disability or a person with severe disability as referred to in section 80U, or (b) suffering from disease or ailment as specified in the rules made under section 80DDB,

Issued from 01.04.2013 – premium paid not in excess of 15% of Capital Sum Assured ( Inserted by the Finance Act, 2013, w.e.f. 1-4-2014).

Therefore , it is clear from section 80C (3) that whatever insurance premium is paid for any insurance policy( other than deferred annuity) or ULIP, the maximum allowable is fixed at 10% of the sum assured.

So, next time you buy any insurance product , think about sum assured and whether the insurance premium is just below 10 % of sum assured regular policies and 15% for for (a) a person with disability or a person with severe disability as referred to in section 80U, or (b) suffering from disease or ailment as specified in the rules made under section 80DDB.

Minimum holding period for Life insurance policy – 2 Years.

Minimum holding period for ULIP- 5 years

Taxability of Premium allowed in Earlier year- If any of Life insurance policy is terminated, sold, etc., before the minimum holding period specified above, then the deduction allowed in earlier years would be deemed as income of the previous year of termination, sale, etc. Further, no deduction will be allowed in respect of contribution, payment, etc., made towards such policy (i.e., which is terminated) during the year of termination.


Mr. Kiran had made the following payments during the financial year 2018-19 to avail of the advantage of deduction under section 80C:

1. Premium paid on his life insurance policy of Rs. 8,400. Policy was taken in April 2011 and sum assured was Rs. 25,000.

2. Premium of Rs. 1,000 on his another life insurance policy. Premium was due in March 2015 but was actually paid in April 2016.

3. Premium of Rs. 30,000 on life insurance policy taken in the name of his wife. Policy was taken in April 2012 and sum assured was Rs. 2,00,000.

4. Premium of Rs. 30,000 on life insurance policies taken in the name of his three children (one is minor daughter, second is major married daughter and third is major married son, who is a practicing doctor). The policies are term plans and premium on all the policies worked out to be 5% of capital sum assured.

5. Premium on life insurance policy taken in the name of his parents who are dependent on him. Premium paid during the year amounted to Rs. 25,200.
6. Premium on life insurance policy taken in the name of parents of his spouse who are dependent on him. Premium paid during the year amounted to Rs. 2,520.

7. Premium on life insurance policy taken in the name of his younger brother and sister dependent on him. Premium paid during the year amounted to Rs. 5,000.

8. Investment in PPF Rs. 60,000.

9. Investment in NSC Rs. 10,000. Interest accrued during the year on NSC amounted to Rs. 1,000.

10. Payment of tuition fees of his minor daughter Rs. 5,000.

11. Repayment of housing loan Rs. 12,000.

12. Investment in post office time deposit Rs. 10,000.

What will be the extent of deduction under section 80C for the year 2018-19, which Mr. Kiran will be entitled to claim in respect of above payments?

(A) The taxpayer can claim deduction under section 80C in respect of premium on life insurance policy paid by him during the year. Deduction is available in respect of policy taken in the name of taxpayer, his spouse and his children. No deduction is available in respect of premium paid in respect of policy taken in the name of any person other than given above. Deduction is restricted to 20% of capital sum assured in respect of policies issued on or before 3 1-3-2012 and 10% in case of policies issued on or after 1-4-2012. Considering the above provisions, deduction in respect of life insurance premium will be as follows:

1) In respect of premium of Rs. 8,400 on his life insurance policy which is taken in April 2011, deduction will be restricted to 20% of capital sum assured. Sum assured is Rs. 25,000 and 20% of the same will work out to be Rs. 5,000. Hence, out of Rs. 8,400, he will be eligible to claim deduction of Rs. 5,000.

2) Deduction under section 80C is available on payment basis. In respect of premium of Rs. 1,000 on his another policy (which is due in March), no deduction will be available in current year, since the premium is not paid in the current year. Premium is paid in next year and hence, he can claim deduction of Rs. 1,000 in next year.

3) In respect of premium of Rs. 30,000 on life insurance policy taken in the name of his wife, deduction will be restricted to 10% of capital sum assured. Sum assured is Rs. 2,00,000 and 10% of the same will work out to be Rs. 20,000, hence, out of Rs. 30,000, he will be eligible to claim deduction of Rs. 20,000.

4) Premium in respect of policy taken in the name of his children works out to be 5% of capital sum assured. Hence, entire amount of premium of Rs. 30,000 will be eligible for deduction. Further, it should be noted that deduction is allowed for all children irrespective of the fact whether they are dependent/independent, major/minor, or married/unmarried.

5) No deduction is available on account of premium paid in respect of policy taken in the name of any person other than the taxpayer, his spouse and his children. Hence, no deduction will be available in respect of premium paid by him on policy taken in the name of his parents, parents of his spouse and his brother/sister.

6) Total premium eligible for deduction under section 80C will amount to Rs. 55,000 (Rs. 5,000 + Rs. 20,000 + Rs. 30,000).

(B) The taxpayer can claim deduction under section 80C in respect of any contribution made by him towards statutory provident fund or recognised provident fund or approved superannuation fund or public provident fund (PPF). Thus, contribution to PPF of Rs. 60,000 will be eligible for deduction under section 80C.

(C) The taxpayer can claim deduction under section 80C in respect of amount paid by him towards purchase of NSC. Hence, he will be able to claim deduction under section 80C in respect of Rs. 10,000 paid by him towards purchase of NSC.

Accrued interest on NSC is taxed in the hands of the receiver and the same will be treated as an investment during the year of accrual (except for last year) and will qualify for deduction under section 80C. Hence, accrued interest of Rs. 1,000 will be treated as taxable income and on the same hand will also qualify for deduction under section 80C.

(D) The taxpayer can claim deduction under section 80C in respect of amount paid by him during the year towards tuition fees (excluding development fees, donation or similar payments) paid at the time of admission or thereafter, to any university, school, college or other educational institution situated in India, for full time education of any two children of the taxpayer. Hence, Rs. 5,000 paid by him on account of tuition fees of his minor daughter will qualify for deduction under section 80C.

(E) The taxpayer can claim deduction under section 80C in respect of amount paid by him towards repayment of housing loan. Hence, Rs. 12,000 paid by him on account of repayment of housing loan will qualify for deduction under section 80C.

(F) The taxpayer can claim deduction under section 80C in respect of investment made by him in post office time deposit. Hence, he can claim deduction of Rs. 10,000 under section 80C.

Considering above eligible items given in (A) to (F), the eligible amount of deduction will come to Rs. 1,53,000.

However, total deduction under section 80C cannot exceed Rs. 1,50,000, hence, deduction will be limited to Rs. 1,50,000. In other words, Mr. Kiran can claim deduction of Rs. 1,50,000 under section 80C.

Total:- Rs. 55,000 Life Insurance + Rs. 60,000 PPF + Rs. 11,000 NSC +Rs. 5,000 tuition fees + Rs. 12,000 housing loan + Rs. 10,000 time deposits.

P.S: Pure Term Cover is flavour of the season, offering wide benefits against traditional insurance policies & Ulip.

Kindly consider your risk profile, life goals, family objectives etc before buying any product. Do discuss your case with Fee Based Financial Planner or Fee Only Financial Planner against regular insurance agent receiving commissions due to conflict of interests.

Smart Money Management for your kids

The more time you give to your children, the better they grow;

The more time you give to your Money, the better they grow.

  • Open a Savings A/c on your child’s name. Guide him how to save money he receives on birthday or any other occasion in his savings account.
  • Make him understand the difference between Saving & Investing.
  • Don’t take your child along with you in ATM to withdraw money as they might mistaken that they will get money whenever required.
  • Make them understand the educational expenses you are paying on monthly or early basis.
  • Ask them to write / maintain the monthly household expenses book.
  • Invite them to hear the financial discussions, they cannot express their views but can logically think on it.
  • Make them understand why the loans has been taken for Home, Car or Education, the breakup of EMI’s, Prinicipal & Interest.
  • Visit an orphanage & donate some with your child through which he will understand the things he uses are not available to them.
  • You have started the Journey of becoming a Smart Investor, its your duty to train your child to become a smart investor by teaching him about financial literacy, products like mutual funds, stocks etc.

Financial Literacy is need of the hour, moreover staying happy in any situation & changing the view towards Money is required.

Happy Children’s Day

#kaustubhdeole, #artharthifinancialservices, #theequitylearners

Thugs of Investor’s Money

People fail to believe or have trust.

We, the people, make same mistakes again and again, yet never learn from it.

Why do people take undue advantage of us?

Any Guesses…..Because we give them the sole right to take from us.

Have a look at these headlines & try to understand our behavior.

Sanskar Investor Scam – 100 Crs

Saiprasad Group of Companies Fraud – 4000 Crs

Maple Group fraud – 400 Crs

Q-Net Multi Level Scam – 2 Crs

Janata Sahakari Co-operative Bank Fraud – 5 Cr

Defence Personnel Co-operative Hsg Society Scam – 3500 Crs

The Royal Twinkle Star Club & Citrus Check Inns Scam – Over 8000 Crs

DSK Scam – 2043 Crs

Rose Plotting Scam – 400 Crs

Amit Bharadwaj’s Bitcoin Ponzi Scheme – 2000 Crs

Rs. 20000 Crs Scam in Pune in 5 yrs

Recent News:-

A Dombivli Jeweller duped people of 15 Crs

According to Financial Stability Report released by RBI on June 26 says, In 2018, there are more than 6000 registered fraud cases amounting to losses of more than 30000 Crs.

In my understanding, people are growing impatient & lack three important virtues of investing – Contentment, Pragmatism & Contemplation.

Contemplation states that Blindly chasing investments for Windfall Returns has its pitfalls.

In current market situation, not a single entity or person can assure or guarantee you extra-ordinary returns.

Patience is a good virtue.

Please remember the fact:

Great Returns / Success is derived from Long Term Patience, Contentment, Pragmatism & Contemplation.





Muhurat Stock Investment Tips

A conversation between a Client & Financial Planner.

Mahesh : Happy Diwali Dr. KD. I checked today’s Money control. It says..next diwali..45k and sent top 15 stocks to invest.

Dr. KD : Happy Diwali to you and your family.

Do you know, last year prediction from money control. Check following details.

Mahesh : Oh…

Dr. KD : Even they recommended top 10 stocks.


Note: PAL – Price at Last diwali
Target – Given by moneycontrol
Actual – today’s price

BATA/ 800/925/ 1022
MANNAPU FIN/100/147/84
MAHINDRA HOLID/350/520/221
KARUR V B/110/180/79
ASIAN GRAN/490/570/180
BLUE STAR/675/850/576
TV TODAY/360/402/375

Mahesh : Oh.. Except one or two, all are down. Then why do they predict?

Dr. KD : Because it is their business and they earn from it. We should believe in our financial advisor not the online companies.

Mahesh : Yes Dr. KD, There is no short cut to become wealthy. We have to give time.



How to Be a Well Informed Investor

प्रतिकात्मक रुपातील रावणाचे दहन करण्याची प्रथा अाज पार पाङली जाते. अापल्यातील दोष, अवगुण हेच अापल्यातील रावण असतात.

चला तर…पुढील १० गोष्टी अंमलात अाणु या व अापल्यात जर खालील रावणरुपी दोष असतील, तर त्याचा नाश करुन एक Well informed investor होण्यासाठी प्रयत्न करु या.

१) अापल्या गुंतवणुकीबद्दल तटस्थ राहायला शिका. त्याच्याशी भावनिक नाते जोङु नका.

२) अार्थिक सल्लागारावर सतत अविश्वास दाखवु नका. त्यामुळे तुमच्या बाबतीत गुंतवणुकीचा निर्णय घेताना तो चुकु शकतो. तुमची जोखिम घेण्याची क्षमता कमी अाहे अस समजुन तो कमी जोखिम असलेली योजना तुमच्यासाठी निवङु शकतो. परिणामी तुमची पाञता असतानाही परतावा कमी मिळु शकतो.

३) बाजारात पङझङ झाल्यावर संयम न दाखवता अस्वस्थ होत असाल, तर तुम्ही अजुन परीपुर्ण गुंतवणुकदार झाला नाहीत अस समजा. तुम्हाला या साठी अधिक मेहनत घेण्याची गरज अाहे.

४) अर्धवट माहिती असलेल्या नातेवाईक, मिञांच्या सल्ल्याने गूंतवणुक करत असाल, तर अापल्या गुंतवणुकीचा अॅसेट क्लास चुकण्याची खुप जास्त शक्यता अाहे.

५) गुंतवणुक करताना ध्येयाकङे लक्ष न देणे म्हणजे प्रवासासाठी गाङी मध्ये तर बसलोय पण कुठे जायचे हेच माहित नसल्यासारखे अाहे. शक्यतो प्रत्येक गुंतवणुकीला एक ध्येय द्या.

६) करप्रणाली, महागाई दर समजुन न घेता बॅंक एफङीत तथाकथित गुंतवणुक केली. बॅंक एफङी करुन सुरक्षित पण अल्पसा परतावा तर मिळाला पण नंतर कळाले की, जेवढा मिळाला त्यातला अाधी टॅक्स ने खाल्ला व उरलेला महागाईने गिळाला अाणि हाती धुपाटणे राहिले.

७) गुंतवणुकीबाबत सतत धरसोङीचे धोरण स्विकारणे. बरेच वर्ष गुंतवणुक ठेवली अाणि नेमका परतावा मिळायच्या अात काढुन घेतली. ८०% लोक या एका दोषामुळे शेअरबाजारात पैसा बनवु शकत नाहीत ही वस्तुस्थीती अाहे. त्यामुळे परतावा मिळेपर्यंत सल्लागाराच्या सल्ल्याशिवाय शक्यतो त्यातुन बाहेर पङु नका.

८) भांङवलवृद्धीचा विचार न करता केवळ “करबचत” साठी गूंतवणुक करणे. यात पीपीएफ व इंशुरंस (आयुर्विविमा) पाॅलीसीज् , ५ वर्षाची बॅंक एफङी, टॅक्स फ्री बाॅङ इ. मध्ये प्रामुख्याने गुंतवणुक केली जाते. यातील दिर्घकाळासाठी इंशुरंस (आयुर्विविमा) मधील गुंतवणुक म्हणजे १ लिटर दुधासाठी म्हैसच दारात पाळण्यासारख अाहे. जी चारा तर तुमचा खाते पण दुध मात्र इतरच पितात.

९) विशेष लाभ पदरात पङण्याची अजिबात शक्यता नसताना अापला पैसा खुप जास्त लाॅक इन असणार्‍या साधनामध्ये गुंतवणुक करुन लिक्विङीटी गमावणे. यात साधारण रियल इस्टेट मधील गुंतवणुक, अाणि परत एकदा इंशुरंसची (आयुर्विविमा) युलीप व एंङोमेंट पाॅलीसी असु शकते. या सर्वात तुमची लिक्वीङीटी नष्ट होते या ऐवजी म्युचल फंङाचे रिटायरमेंट प्लॅन अधिक उपयुक्त अाहेत. कारण अगदीच गरज पङल्यास ५ वर्षांनी पैसा काढता तर येतोच शिवाय नफाही करमुक्त मिळतो.

१०) पैशाला अाळशी करुन अापल्यासाठी कमाई न करु देणे म्हणजे म्हणजे हुशार विद्यार्थ्याला शाळेतच न जावु देण्यासारख अाहे. पैसा हा तुमच्या मुलाप्रमाणे असतो. त्यामुळे प्रसंगी त्याचे लाङ करत त्याला कङक शिस्तही लावणे अावश्यक अाहे. तरच त्याला जगरहाटी कळेल. त्याच्यातील क्षमतेला पुर्ण वाव द्या. एकदा पङेल, काही वेळा अपयशीही होईल पण एकदा का त्यातुन सावरला कि, जन्मभर तुम्हाला सांभाळेल. तो पर्यंत धीर तर धरायलाच हवा! हो ना…


क्यों की दाग अच्छे है!

तुम्ही विचाराल की या सर्फ एक्सेलच्या जाहिरातीतील या कॅचलाईनचा आणि गुंतवणुकीचा काय संबध? तो आहे.. पण कसा आहे चला बघु…

शेअरबाजारातील परतावा मिळवण्यासाठी दिर्घकालीन गुंतवणुक करावी लागते अस आपण कितीही जीव तोडून सांगितल तरी काही लोकांना विशेषत: तरुणांना ते लगेच पटेल असे नाही. त्यांना अर्थातच झटपट रिटर्न्स हवे असतात.

नवीनच नौकरीला लागलेला एक तरुण SIP करण्यासाठी माझ्याकडे आला होता. त्याच्या वङिलांनी तो भविष्यासाठी करणार असलेल्या गुंतवणुकीला आतापासुनच चांगल वळण मिळावे यासाठी त्याला माझ्याकङे पाठवल होत.

तो खुप उत्साही तर दिसतच होता पण त्याच्या वङिलांनी आधीच कल्पना दिल्याप्रमाणे खुप उतावीळही दिसत होता. अर्थात ते त्याच्या वयाला साजेसही होत. त्याच्या याच उतावळीपणाला थोङा आवर घालुन दिर्घकाळासाठी गूंतवणुक करायला लावण्याची सुचना त्याच्या वङिलांनी मला केली होती.

“सर मला अशी एखादी स्किम द्या. ज्यात SIP करुन मी झटपट रिटर्न्स मिळवुन श्रीमंत होवु शकेन.”

आल्या आल्याच ख्रिस गेल प्रमाणे 6 मारत त्याने आपला इरादा स्पष्ट केला.

आता त्याच्या उत्साहाला व उतावळेपणाला अावर घालत SIP च्या दिर्घकालीन प्रवासाला सुरुवात करायला लावायचे कठीण काम मला करायच होत.

मी म्हटलो , “जर गुंतवणुक करुन झटपट श्रीमंत होण्याचा मार्ग मला माहित असता, तर मीच काय कुणीच हे सल्लागाराचे काम केल नसत. असा कुठलाही अधिकृत शाॅर्टकट उपलब्ध नाही.

तो म्हणाला..

“मग निदान थोङ लवकर तरी रिटर्न्स मिळायला हवेत अस बघा.”

“हो…. हे शक्य आहे पण त्यासाठी तुम्ही केलेल्या गूंतवणुकीच मुल्य अर्ध्यापेक्षा कमी व्हायला हव.

आता अाश्चर्यचकीत होण्याची वेळ त्याची होती. इतर विक्रेते झटपट पैसा मिळेल अस सांगुन आर्थिक प्राॅङक्टची विक्री करत असताना तुमच्या गुंतवणुकीच मुल्य अर्ध व्हायला हव अस सांगणारा सल्लागार बघायला मिळण्याची अपेक्षा त्याने खचितच केली नसणार.

त्याला जास्त गोंधळात न टाकता मी पुढे अजुन स्पष्ट करुन सांगितल कि “समजा तुम्हाला एका उद्दीष्टासाठी १० वर्षाची SIP करायची आहे तर किमान शेअरबाजार हा सुरुवातीचे ४-५ वर्षतरी तळाला जायला हवा. त्यामुळे जरी तुम्ही गुंतवणुक केलेल्या रकमेच मुल्य अर्ध झाल तरी NAV कमी झाल्यामुळे तुमच्याकङे जास्तीत जास्त युनिट्स जमा होतील. त्यानंतर शेअरबाजार वर गेल्यावर तुम्हाला खुप चांगले रिटर्न्स मिळू शकतील, शिवाय पङत्या बाजारात जेवढी जास्तीची गुंतवणुक कराल तेवढा जास्त फायदा होवुन तुमचे उद्दीष्ट लवकर पुर्ण होवु शकेल. ”

चागंल काम करताना जर कपङ्यावर ङाग पङले असतील तर दाग अच्छे है असच ही जाहीरात सुचवत होती त्याच प्रमाणे SIP मध्ये चांगला परतावा मिळण्यासाठी गूंतवणुकीच मुल्य अर्धे होण ही पण एक चागंली गोष्ट मानली जाते म्हणुन तर सुरुवातीला म्हटले..

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