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The Mad Tax Rush

Mad-Tax-Rush

Come December,and our Tax worry starts multiplying, not because you didn’t plan it, but due to the chatter outside.

HR/ CA asking for “Tax investment proofs” submission, colleagues/ peers giving their super-human stories on “Best investments”, and banks/ individual insurance agents offering “Mouth-watering” deals.

I’ve been writing blogs on Tax savings instruments since last few years, and my experience with family, friends &Moneyfrog customers, more-or-less remains same, i.e. despite of planning or knowing about Tax saving instruments, we make mistakes.

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December 6, 2017 Tax, , , , 0 Read more >

Bitcoin surges to $11000

Bitcoin

If you would have bought $1000 of Bitcoin in 2013-beginning, you would be planning your retirement now, as you’ll be sitting on $80 million.

There are 16.7 million bitcoins, which have been released in the system till now, with 12.5 new ones released roughly every 10 minutes, thru a process called “mining”. Mining is a process, where global network of computers competes to solve complex algorithms in reward for the new bitcoins.

Bitcoin is a cryptocurrency and a worldwide payment (more…)

December 1, 2017 Cryptocurrency, , , , 0 Read more >

Invest in 30 seconds!!!

buy mutual funds online

At Moneyfrog.in, we have recently released the latest version of Moneyfrog Android App. We have made it Simpler, Easier & Fun-filled for customers to relate, understand & finally make decisions, towards online mutual funds execution (buy/ sell).

Smart phone has become the magic-wand of future, and controls literally everything. Mobile app plays the connecting role with the customers & the manufactures (products or mutual funds). The usability, design, flow & speed are some of the key parameters which makes an app successful.

With the android release, we have tried solving the first part, i.e. we want first time customers to relate, understand, activate & execute on their own.

We are looking at 1lac+ downloads in the next 6 to 9 months, with various marketing campaigns planned. Since we are “work in progress”, we will have new release happening every fortnight on new features henceforth.

Moneyfrog Consultants Private Limited, is an AMFI registered Mutual Fund distributor, managing AUM upward of 250crs, with a registered customer base of 11k.

Next android release; we will go live on NSE NFM-II API integration, which will include all AMC’s schemes being part of the execution platform.

** iOS release be done by Jan18.

Mutual Fund Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not an indicator of future returns.

November 8, 2017 Mutual Funds, , , 0 Read more >

Why Doctors Should have a Financial Plan?

financial planning for doctors

A right financial planner is the doctor of doctors!

Doctor’s duty is to understand the patient’s problems, diagnose it and then provide the right medication or solution to them. But when it comes to their own financial planning, do doctors go to a financial planner or a financial doctor? I randomly spoke to my doctors & their friends, outcome was startling… as none of them have a financial planner.

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July 19, 2017 Financial Planning, , , , , , 0 Read more >

Don’t just invest in Mutual Funds… Invest in customized Mutual Funds Plan!

How to choose correct Mutual Funds

I’ll be the odd one out here, where I’m asking not to invest in Mutual Funds.

Whereas, the entire country is abuzz with Mutual Funds growth story & one can see smart campaigns, on why they are the best?

To start with, I have this usual question, do you understand Mutual Funds?

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June 23, 2017 Mutual Funds, , , , , , , , 0 Read more >

Mutual Funds Sahi Hai… but, how to select mutual Funds?

Are there different funds for different goals

Mutual Funds murmur is all over the town today, we can see Ads virtually all across, i.e. TV, Cinema halls, Bill boards, Print-media, and all this promoted thru various stake holders.

But the big question, like the most common Ad by AMFI, “Mutual Funds Sahi Hai”, is how to select funds?

There are more than 2000 primary mutual fund schemes in India, offered thru 43 Mutual Fund companies. Primary schemes will further have many variants, known as plans (for e.g. Dividend, Growth etc.). If all of them are taken into account, there would be more than 11k+ schemes. Data from Wikipedia.

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June 9, 2017 Mutual Funds, , , , , , 0 Read more >

The Right Advisor

right-advisor

After reading an article by Carl Richard, “The Behaviour Gap” … Investing is not about skill, but about behaviour.

From his article, Quote … “Even by owning an average mutual fund, investors who behave correctly can outperform 99% of their neighbours. Alternatively, for investors who spend their whole lives searching for the best investment, an entire lifetime’s return can be wiped out by one single behavioural mistake.” Unquote.

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May 26, 2017 Financial Planning, , , , , 0 Read more >

Mistakes Customer Make – as per Financial Advisors survey

financial mistakes
  1. Mixing Insurance, Tax plan & Investments
  2. Being Under insured
  3. Excessive or expensive Loans
  4. Excessive property & physical investments
  5. Lure of IPO’s
  6. No estate planning

Recently I found this survey in one of the leading newspapers (Mint), where financial advisors were asked to list down investment mistakes, they found with their customers. I thought of writing, not on these mistakes, but on specific asset class and how one should look at.

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May 4, 2017 Financial Planning, , , , , 0 Read more >

Insurance data – an eye opener

insurance claim form

When we say Insurance, what comes first in your mind? answer would be, LIC.

And if I further probe, what LIC means? answer would be, money back plan or some investment plan.

I was reading an article today in Mint, “Life insurance policies continue to die early”, prompted me to write this blog. As per the article, which is based on data analysis from IRDA (persistency ratios), it states that 2nd year renewal on Insurance policy stands below 80%, and 6th year renewal stands below 50%. Which means, every 2nd customer, is not renewing insurance policy after the 5th year. Why?

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April 18, 2017 Life insurance, , , , 0 Read more >

Do It Yourself (DIY) accounts – a success or a myth?

Do it Yourself

Do it yourself (DIY) is the method of building, modifying, or repairing things, without the direct aid of experts or professionals. (as per Wikipedia)

Well, it’s the latest buzzword in town, where everyone wants to use services on their own. And as a matter of fact, service providers are offering accounts & services, with DIY embedded in that.

But how far is this true or successful?

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April 13, 2017 Financial Planning, , , , 0 Read more >