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R S V E C I E
I V D E D I D N
L I P T S
S E S A T S
E I U T Y Q
Printed, Published and Edited by NITIN RAMAKANT VETE on behalf of VETE ASSOCIATES TAX AND INVESTMENTS CONSULTANTS PVT. LTD., Printed at GOOD ARTS PRINTING PRESS, 118, SHREE HANUMAN INDL. ESTATE, 42-B, G.D.AMBEKAR MARG, WADALA, MUMBAI 400 031 and Published from VETE ASSOCIATES TAX AND INVESTMENTS CONSULTANTS PVT. LTD. B-100, RUTU BUSINESS PARK, NEAR BRINDABAN SOCIETY, THANE 400 601 Editor : NITIN RAMAKANT VETE
Vete Associates
TAX & INVESTMENTS CONSULTANTS PVT. LTD.
Disclaimer : All possible efforts have been taken to present factually corrected data. However, the publication is not responsible, if despite this error may have crept in inadvertently or through oversight. This booklet has been prepared by Vete Associates Tax And Investments Consultants Pvt. Ltd. and is meant for use by the recipient and not for circulation. It should not be considered to be taken as an offer to sell or a solicitation to buy any security. All Investments are subject to the financial and other details provided by the company or Government body or Post Office or AMC etc., to be fully understood and read by the investor before investing and we as a publisher shall not be responsible in any manner whatsoever. Insurance is a subject matter of solicitation
B-100, Rutu Business Park, Near Brindaban Society,Thane 400 601 Tel.No.:022-25342708 / +91 8879922212/13
E-mail:[email protected]
If undelivered kindly return this publication to:
Vete AssociatesTAX & INVESTMENTS CONSULTANTS PVT. LTD.
Bulletin Compiled by
"Most of the black money isn't in the form of cash
but in real sector assets," RBI board warned government
two-and-a-half hours before demonetisation, as per minutes
of meeting shared by RTI activist Venkatesh Nayak. "This move
wouldn't have a material impact on those assets," the board
observed. "It'll have short-term negative effect on GDP for
current year," it added.
Most black money not in cash form: RBI told govt 2 hrs before note ban
Financial / Business Quiz
Which word was derived from the French word Bougette meaning 'Little Bag'?
Which is the only country having paper currency and have no coins and it introduced cheque only in 1997?
What are the Bonds that carry low ratings with correspondingly higher yields called?
In money market, what is the term used for the non-convertible paper money?
Where is the European Central Bank located?
Answers:
1.
2.
3.
4.
5.
Financial
1. Budget 2. Vietnam 3. Junk bond 4. Fiat money 5. Frankfurt
March Jumble Answers.: 1. Growth 2. Liquidity 3. Expiry 4. Hybrid 5. Treasury
Vete Associates
April 2019 1 VOLUME: 04 | ISSUE:06 | THANE | 4 PAGES | RS.2.00
B-100, Rutu Business Park, Near Brindaban Society, Thane 400 601
Tel. No.: 022-25342708 /+91 8879922212/13
Email: [email protected]
Website:www.veteassociates.com
Financial PlanningEstate PlanningInsurance, TaxationMutual Funds, Fixed DepositsService Facilitator - TJSBOnline Trading on BSE & NSE
Vete Associates` Wealth FormulaApril 2019 4
RNI No.: MAHENG/2015/65321Published on 7 th of every month
Postal Registration No.:THC/175/2019-2021Published on 7th of every month. Posted at Mumbai Patrika Channel Sorting Office, Mumbai GPO 400001 on 9th & 10th of every month.
Up, up, and up!Stock indices hit new highs
The benchmark indices continued its upward momentum amid expectation of resurgence of foreign investors buying. This has boosted investor sentiment.
Since October 26, the broader Nifty50 has rallied close to 13%, of which six firms - Reliance Industries, HDFC Bank, Axis Bank, ICICI Bank, HDFC and Infosys - contributed nearly 60% to the index gain of 1271.2 points.
The foreign portfolio investors (FPIs) have bought Indian equities worth over $1.3 billion in the last five sessions, taking this year’s tally close to $4 billion, a big swing from last year’s outflows of $4.2 billion. On the other hand, Bloomberg data showed that between January and now, the domestic institutional investors (DIIs) sold shares worth $59.3 million.
P2
P3
P4
IN THIS ISSUE
52% of the AUM managed by women
fund managers outperformed the
benchmark
6 thumb rules to remember
before you buy the right
insurance
Learn to allocate resources carefully
Here is a simple three step guide to allocate resources carefully:• Ensure that your assets are diverse and accessible. Diversify your investments in financial assets that can be used as required. • Be willing to rearrange your assets as your goals change. Do not hesitate to liquidate and recover precious money that can be put to other uses.• Invest small amounts in secondary goals. Keeping the PF and NPS accounts inaccessible for any other use or ensuring that income allocation for elderly parents is not discontinued and so on are ways to prevent an all or nothing bargain.
- Source: Financial Express
Learn to allocate resources carefully
Mutual fund investments are subject to market risk, read the scheme related documents carefully before investing.Mutual fund investments are subject to market risk, read the scheme related documents carefully before investing.
Vete Associates` Wealth FormulaApril 2019 2 Vete Associates` Wealth FormulaApril 2019 3
Nitin R. VeteB.Com, LLB, CFPCM, RFC
52% of the AUM managed by women fund managers outperformed the benchmarkDespite a growth in the number of women mutual fund managers in the past one year, they represent an abysmal 8 percent of the total fund managers in India, as per a report by research firm Morningstar.Out of the total 345 fund managers across mutual fund houses in the country, there are just 29 women fund managers who are managing funds either as primary/secondary managers or have oversight as heads of equity/debt. This is an improvement from the reported 24 women managers last year and 18 the year before that.
Representation in MF industry by gender
Performance of Women Fund Managers
Investment preference of Women Fund Managers
Men Fund ManagersWomen Fund Managers
EquityDebt
Perc
enta
ge o
f AUM
out
perf
orm
ing
the
benc
hmar
k
1 Year basis 3 Year basisTenure
5 Year basis
Before making an investment in an insurance policy, one should keep in mind these six simple thumb rules.
#1 When we talk about investment in life insurance, it is always advisable that you have a sufficient life cover first - where your life cover should be at least 10 times your annual income so that it covers all the dues and liabilities after you and your family is not burdened by the same.
#2 Along with this, one should also keep in mind the future expenses like child's education, marriage etc. while making an investment in the insurance policy.
#3 It is also important to check the background of the insurance company from which you are planning to invest in the insurance policy. Everything from its portfolio to claim settlement ratio should be checked.
#4 Before investing, one must always compare first and then buy the appropriate plan. There are number of insurance
companies and plans available in the market. Not every plan will suit your requirement and you may end up buying a plan which is not even fulfilling your needs. Look for a good comparison portal online and compare all the plans first before making any purchase decision.
#5 When investing in investment product like ULIP, one must check the fund performance. Details of their fund's performance are given by all the insurance companies online. The thing to focus here is the stability and consistent track record of the fund.
#6 One must know what one is buying. Every minute detail about the policy should be disclosed by the agent to you so that you know what you are investing in. Do the research from your end also and invest wisely.
-Source: Moneycontrol
6 thumb rules to remember before you buy the right insurance
• No tax on income upto Rs. 5 lakh.
• Latest Income tax slabsWhile increasing the
amount of tax rebate under section 87A from Rs.2,500 to Rs.12,500, there have been no changes proposed in the income tax slab rates in Budget 2019.If your taxable income exceeds Rs.5 lakh in a financial year, your tax liability will be calculated as per the existing income tax slab rates.
• Hike in Standard Deduction
For salaried individuals and pensioners, the standard deduction has been hiked to Rs.50,000 from the current Rs.40,000
• No tax on notional rentIf you own a second house
which is not let-out, then you will not have to pay tax on the income which is actually not earned by you.
• TDS threshold limit raised
TDS threshold limit has been hiked to Rs.40,000 from the current Rs.10,000. From April 1, 2019, TDS will be deducted from your bank FD’s only if the interest income exceeds Rs.40,000 in the financial year.
• Sell 1, buy 2 housesTo save tax on long-term
capital gains on the sale of house property, you will be able to invest gains in two house properties instead of one. However, your capital gains should not exceed Rs.2 crores. This benefit can be availed only once in a lifetime.
Budget 2019: Income Tax highights
7 Reasons for investing in
Fixed Deposits
5 tasks for new
financial year• Start tax planning right
away.• Get papers ready for
tax filing.• Increase quantum of
investments.• Submit Form 15G or 15H
to avoid TDS.• Organize investment
portfolio.
• It is risk-free and guarantees fixed returns.
• FD interest rates are higher than other risk-free investment instruments like Treasury Bills or Government Bonds.
• FD provides complete flexibility with regard to the tenure of investment.
• Investors can avail loans or overdrafts against FDs whenever required.
• You can break your FDs either partially or completely, when required.
• It saves you from the uncertainties of the markets.
• It is a tax saving investment option.
Mutual fund investments are subject to market risk, read the scheme related documents carefully before investing.Mutual fund investments are subject to market risk, read the scheme related documents carefully before investing.
Vete Associates` Wealth FormulaApril 2019 2 Vete Associates` Wealth FormulaApril 2019 3
Nitin R. VeteB.Com, LLB, CFPCM, RFC
52% of the AUM managed by women fund managers outperformed the benchmarkDespite a growth in the number of women mutual fund managers in the past one year, they represent an abysmal 8 percent of the total fund managers in India, as per a report by research firm Morningstar.Out of the total 345 fund managers across mutual fund houses in the country, there are just 29 women fund managers who are managing funds either as primary/secondary managers or have oversight as heads of equity/debt. This is an improvement from the reported 24 women managers last year and 18 the year before that.
Representation in MF industry by gender
Performance of Women Fund Managers
Investment preference of Women Fund Managers
Men Fund ManagersWomen Fund Managers
EquityDebt
Perc
enta
ge o
f AUM
out
perf
orm
ing
the
benc
hmar
k
1 Year basis 3 Year basisTenure
5 Year basis
Before making an investment in an insurance policy, one should keep in mind these six simple thumb rules.
#1 When we talk about investment in life insurance, it is always advisable that you have a sufficient life cover first - where your life cover should be at least 10 times your annual income so that it covers all the dues and liabilities after you and your family is not burdened by the same.
#2 Along with this, one should also keep in mind the future expenses like child's education, marriage etc. while making an investment in the insurance policy.
#3 It is also important to check the background of the insurance company from which you are planning to invest in the insurance policy. Everything from its portfolio to claim settlement ratio should be checked.
#4 Before investing, one must always compare first and then buy the appropriate plan. There are number of insurance
companies and plans available in the market. Not every plan will suit your requirement and you may end up buying a plan which is not even fulfilling your needs. Look for a good comparison portal online and compare all the plans first before making any purchase decision.
#5 When investing in investment product like ULIP, one must check the fund performance. Details of their fund's performance are given by all the insurance companies online. The thing to focus here is the stability and consistent track record of the fund.
#6 One must know what one is buying. Every minute detail about the policy should be disclosed by the agent to you so that you know what you are investing in. Do the research from your end also and invest wisely.
-Source: Moneycontrol
6 thumb rules to remember before you buy the right insurance
• No tax on income upto Rs. 5 lakh.
• Latest Income tax slabsWhile increasing the
amount of tax rebate under section 87A from Rs.2,500 to Rs.12,500, there have been no changes proposed in the income tax slab rates in Budget 2019.If your taxable income exceeds Rs.5 lakh in a financial year, your tax liability will be calculated as per the existing income tax slab rates.
• Hike in Standard Deduction
For salaried individuals and pensioners, the standard deduction has been hiked to Rs.50,000 from the current Rs.40,000
• No tax on notional rentIf you own a second house
which is not let-out, then you will not have to pay tax on the income which is actually not earned by you.
• TDS threshold limit raised
TDS threshold limit has been hiked to Rs.40,000 from the current Rs.10,000. From April 1, 2019, TDS will be deducted from your bank FD’s only if the interest income exceeds Rs.40,000 in the financial year.
• Sell 1, buy 2 housesTo save tax on long-term
capital gains on the sale of house property, you will be able to invest gains in two house properties instead of one. However, your capital gains should not exceed Rs.2 crores. This benefit can be availed only once in a lifetime.
Budget 2019: Income Tax highights
7 Reasons for investing in
Fixed Deposits
5 tasks for new
financial year• Start tax planning right
away.• Get papers ready for
tax filing.• Increase quantum of
investments.• Submit Form 15G or 15H
to avoid TDS.• Organize investment
portfolio.
• It is risk-free and guarantees fixed returns.
• FD interest rates are higher than other risk-free investment instruments like Treasury Bills or Government Bonds.
• FD provides complete flexibility with regard to the tenure of investment.
• Investors can avail loans or overdrafts against FDs whenever required.
• You can break your FDs either partially or completely, when required.
• It saves you from the uncertainties of the markets.
• It is a tax saving investment option.
R S V E C I E
I V D E D I D N
L I P T S
S E S A T S
E I U T Y Q
Printed, Published and Edited by NITIN RAMAKANT VETE on behalf of VETE ASSOCIATES TAX AND INVESTMENTS CONSULTANTS PVT. LTD., Printed at GOOD ARTS PRINTING PRESS, 118, SHREE HANUMAN INDL. ESTATE, 42-B, G.D.AMBEKAR MARG, WADALA, MUMBAI 400 031 and Published from VETE ASSOCIATES TAX AND INVESTMENTS CONSULTANTS PVT. LTD. B-100, RUTU BUSINESS PARK, NEAR BRINDABAN SOCIETY, THANE 400 601 Editor : NITIN RAMAKANT VETE
Vete Associates
TAX & INVESTMENTS CONSULTANTS PVT. LTD.
Disclaimer : All possible efforts have been taken to present factually corrected data. However, the publication is not responsible, if despite this error may have crept in inadvertently or through oversight. This booklet has been prepared by Vete Associates Tax And Investments Consultants Pvt. Ltd. and is meant for use by the recipient and not for circulation. It should not be considered to be taken as an offer to sell or a solicitation to buy any security. All Investments are subject to the financial and other details provided by the company or Government body or Post Office or AMC etc., to be fully understood and read by the investor before investing and we as a publisher shall not be responsible in any manner whatsoever. Insurance is a subject matter of solicitation
B-100, Rutu Business Park, Near Brindaban Society,Thane 400 601 Tel.No.:022-25342708 / +91 8879922212/13
E-mail:[email protected]
If undelivered kindly return this publication to:
Vete AssociatesTAX & INVESTMENTS CONSULTANTS PVT. LTD.
Bulletin Compiled by
"Most of the black money isn't in the form of cash
but in real sector assets," RBI board warned government
two-and-a-half hours before demonetisation, as per minutes
of meeting shared by RTI activist Venkatesh Nayak. "This move
wouldn't have a material impact on those assets," the board
observed. "It'll have short-term negative effect on GDP for
current year," it added.
Most black money not in cash form: RBI told govt 2 hrs before note ban
Financial / Business Quiz
Which word was derived from the French word Bougette meaning 'Little Bag'?
Which is the only country having paper currency and have no coins and it introduced cheque only in 1997?
What are the Bonds that carry low ratings with correspondingly higher yields called?
In money market, what is the term used for the non-convertible paper money?
Where is the European Central Bank located?
Answers:
1.
2.
3.
4.
5.
Financial
1. Budget 2. Vietnam 3. Junk bond 4. Fiat money 5. Frankfurt
March Jumble Answers.: 1. Growth 2. Liquidity 3. Expiry 4. Hybrid 5. Treasury
Vete Associates
April 2019 1 VOLUME: 04 | ISSUE:06 | THANE | 4 PAGES | RS.2.00
B-100, Rutu Business Park, Near Brindaban Society, Thane 400 601
Tel. No.: 022-25342708 /+91 8879922212/13
Email: [email protected]
Website:www.veteassociates.com
Financial PlanningEstate PlanningInsurance, TaxationMutual Funds, Fixed DepositsService Facilitator - TJSBOnline Trading on BSE & NSE
Vete Associates` Wealth FormulaApril 2019 4
RNI No.: MAHENG/2015/65321Published on 7 th of every month
Postal Registration No.:THC/175/2019-2021Published on 7th of every month. Posted at Mumbai Patrika Channel Sorting Office, Mumbai GPO 400001 on 9th & 10th of every month.
Up, up, and up!Stock indices hit new highs
The benchmark indices continued its upward momentum amid expectation of resurgence of foreign investors buying. This has boosted investor sentiment.
Since October 26, the broader Nifty50 has rallied close to 13%, of which six firms - Reliance Industries, HDFC Bank, Axis Bank, ICICI Bank, HDFC and Infosys - contributed nearly 60% to the index gain of 1271.2 points.
The foreign portfolio investors (FPIs) have bought Indian equities worth over $1.3 billion in the last five sessions, taking this year’s tally close to $4 billion, a big swing from last year’s outflows of $4.2 billion. On the other hand, Bloomberg data showed that between January and now, the domestic institutional investors (DIIs) sold shares worth $59.3 million.
P2
P3
P4
IN THIS ISSUE
52% of the AUM managed by women
fund managers outperformed the
benchmark
6 thumb rules to remember
before you buy the right
insurance
Learn to allocate resources carefully
Here is a simple three step guide to allocate resources carefully:• Ensure that your assets are diverse and accessible. Diversify your investments in financial assets that can be used as required. • Be willing to rearrange your assets as your goals change. Do not hesitate to liquidate and recover precious money that can be put to other uses.• Invest small amounts in secondary goals. Keeping the PF and NPS accounts inaccessible for any other use or ensuring that income allocation for elderly parents is not discontinued and so on are ways to prevent an all or nothing bargain.
- Source: Financial Express
Learn to allocate resources carefully
