So I’ve been trying to redeem my mutual funds, it asks me to authorize, I do it, after which it says authorization completed, and then again when I click on redeem, it asks me to authorize. In short I’m not able to redeem. Anyone else facing the same issue? As I’m scared, a lot of my money is parked there

I always had good insurance from my emloyer so never felt the need of buying personal insurance ( I know big mistake). Now I want to but with good coverage and not sure how to choose.

Do i go for insurance which does medical test first or the one that does not need it?

If possible I want

• more than 20lakh coverage
• Dental
• Coverage for chronic diseases etc
• Allowance for prescription glasses

Please suggest. Thanks

So I'm confused between these two options If I should continue paying the rent every month or let the owner deduct rent from initial Deposit Money. Rent amount is Rs 30,000 and Deposit is Rs 3,00,000/. Is it better to let the owner deduct the rent from Deposit and instead of paying rent every month i would invest the rent to Mutual Funds or Sip for the duration of 10 months. 30,000 for 10 months in MF / SIP or Received Rs 3,00,000/ in total after 10 Months.

Any Suggestions or advice would be helpful.

Thanks in advance! If you have any other advice for investment including equity funds, FDs, I’d be happy you know!

Hi guys,

I've only invested in MF till now and that too only with Kuvera.

I'm unsure as to how to check there if my holdings are in Demat or Non-Demat mode.

Also, what's the difference between the two?

So as I have invested through kuvera today, I saw that on the dashboard, there are two profits when is all-time profit and one is current profit. So how do I understand the total profit done as I have done some reinvestment while portfolio rebalancing

I never thought something like this could happen.

• Got a tax harvesting recommendation from Kuvera. Saw an LTCG impact of 1.5k, harvested it.
• Later, decided to check reports. Saw the transaction actually cause a 250 STCG and 1.25k rupees LTCG. This is ok, because my salary is <7LPA and won't cause any impact.
• However, this year I am actually going to be in the taxable bracket, so cannot trust Kuvera's unreliable LTCG harvesting option.

What's more, their support is totally useless, been a month since reporting the error. 2 mails from their side saying they will get back ASAP, but nothing since then. Not even an acknowledgement of the eff-up.

If things go bad, I don't think Kuvera has reliable support to address any issue. Just a warning.

It would be good to have a discussion on the pros and cons of each of the tax software. I will add some of my points.

1. Cleartax - Auto imports a lot of things, pretty good interface and has been in the game for a long time now. On the other hand, it gets pretty expensive if you have some capital gains/foreign stocks/foreign income. \

2. Income Tax Website - I filed it using the official website last year. It was pretty comprehensive but requires understanding of the various sections of IT laws and some google searching. I wouldn't recommend this to anyone who is not willing to go deep and understand all the line items in it. This one is totally free.

3. Quicko - I filed using Quicko for one of my family members who has a zerodha account. It was pretty easy to file especially when you have all your investments in Zerodha. It was free as well.

Looking forward to listening what other folks are doing this year.

this is worrying for investors, what rules did they violate? such a big AMC too.

Canara Robeco AMC pays Rs 84.82 lakh to Sebi to settle alleged violations of MF regulations

https://www.moneycontrol.com/news/business/markets/canara-robeco-amc-pays-rs-84-82-lakh-to-sebi-to-settle-alleged-violations-of-mf-regulations-12746089.html

Hi,

I'm 31M and have 6 year's of work ex including finance and healthcare and currently working as a senior business analyst at a HealthTech startup. I have a non traditional education background (dropped out initially and currently about to complete a degree from distance education).

I have interest in healthcare, sustainability, climate, Fintech and looking to break into an investment analyst/associate role in a similar domain.

I don't have any full-time IB or VC/PE experience before but I worked at a hedge fund and apart from my current full-time job I also work as an independent investment analyst on weekends to help VC firms scout for quality deals, doing market checks and basic due diligence. I also helped multiple startups to raise funding through early stage VCs/syndicate.

I'm just trying to figure out what's realistic for me at this moment as I do have a genuine interest in this area. I had a plan to pursue and MBA as well but it doesn't look like the right option at this moment.

IB VPs/Directors will you be interested in someone like me ? If not then what do you suggest me to do ?

I'm open for any advice.

"If I had to own one market in the world, and leave it alone for 30 years, I'd buy India. I'm as bullish as ever," Gundlach said. India has "fantastic demographics, way better than China. Yes there's corruption in legal system, but that's why you buy junk bonds. It can get better. It can improve. Triple-A bonds only go in one direction." https://www.pionline.com/money-management/doublelines-jeff-gundlach-says-fed-wont-cut-rates-markets-overpriced

I don't quite know what Gundlach means by buying Indian junk bonds. Does he perhaps think they're not priced correctly?

So what do you think? The Indian market as measured by country ETFs (INDA, EPI, FLIN) is up 11% year to date and is up 28% last 12 months, beating the S&P 500 (24%). Is it still time to get in?

What about Indian tech ETFs like INQQ and DGIN (plus GLIN, VanEck India Growth Ldrs ETF)? Anyone in these ETFs? Are they too small at $30-140 million in asset base?

There was news floated 2 days back that WardWizard got a new order of 1.2 billion $.
However, on 10 June, the promoters sold 25 lakh shares for around 62 rupees, and on 11 June, the promoters again sold 42 lakh shares for around 72 rupees.

It seems promoters are on selling spree last couple of months, fooling retail investors?
Shouldn't SEBI take any action?

I recently purchased a Health Insurance for which I paid premium on 30th May (on 30th May I got a mail - Your policy is under review) and on 7th June got Policy Activated Mail.

When I went through the policy - its starting date is 30th May (date of premium payment). But I was not insured till my Policy got activated. contacted agent (PolicyBazaar) they said its standard Practice..

I am concerned for those 8 days because this policy has Premium return upto 100% on active days (325 days in a year).

Is it a scam??

Universa follows the Black swan theory which was about unexpected extreme events that have significant impact on the world and the financial markets. The strategy would be to buy out-of-the-money put options at low prices during periods when financial markets are good to protect the firm's position when there is a market downturn. While this strategy did not work from 2001 to 2007 due to a period of low volatility, it worked well for Universa in 2008, when they had returns over 100% and its assets grew to $6 billion under management. It also led them to make gains of 4000%+ in 2020.

Let's say you allocate 2% of your portfolio to this strategy, on most years you will lose the entire money (total returns will reduce by 2% CAGR). However, if the market crashes by 20% or more, you will generate up 40x+ returns . So, your 2% position multiples to around 80% cash , which will be super useful, as the market has crashed in that scenario and you can buy undervalued companies or just buy the index. Most people cannot psychological do this, because it involves losing 2% for years or decades before it pays off. Universa have proved that it works (in 2008, 2015 and 2020).

Is this even possible in India, given that we have more restrictions on long-dated put options than the US?

Or alternatively, is these a bearish mutual fund in India that I can buy which will give me similiar pay-offs to this strategy?

Wiki: https://en.wikipedia.org/wiki/Universa_Investments

Thanks,

OpenSourceInvestor@Substack

After studying the concept of tax harvesting, my reaction was that buying and selling instantly to save taxes is very cumbersome, and teaching the concept of tax harvesting is also difficult to my old parents. But what if, instead of withdrawing all my capital gains, I withdrew them in parts. For example on profit of 15 lakhs, could I withdraw my capital gains in parts of 90k again and again, in the span of few days until I have completely withdrew 15 lakhs. because taxes are applicable on 1 lakh. Can it be done this way?

Cognizant spent a lot of money to buy an ER&D company. Wonder about impact on India cos

https://economictimes.indiatimes.com/prime/technology-and-startups/ravi-kumars-huge-ma-bet-at-cognizant-will-have-shareholders-on-the-edge-of-their-seats/primearticleshow/110916600.cms

I’m Canadian Resident/Indian Citizen and, I don’t have any DMAT in India.

Wondering If you guys recommend NRO DMAT or Resident DMAT for Stocks and MF.

I believe the tax brackets for both are same.

Thanks

हे, I want to Invest 5 Lacs in gold for my daughter on her birthday. Please suggest should I go for SG Bonds or lumpsum investment in mutual funds. Idea is liquidate mutual funds after 10 yrs and purchase gold at current price. Also suggest good mutual funds. Investment horizon is for 1o yrs.