Nishant Batra CWM® 🇮🇳
@stepbystep888
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Goal is to help as many families as possible to manage their finances better Connect with us for - Ethical, Competent and Personalized Financial Planning
AMFI Registered MFD
Joined January 2018
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We guide our clients for A to Z of all money matters:
1) Assessment of current finances and life circumstances:
Every client has unique life circumstances and therefore deserves a financial plan based on his life circumstances and not thumb rules.
2) Setting the right
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8️⃣ things you must know about National Pension Scheme (NPS).
Generation Z & Millennials must read this.
Please retweet to increase the reach
🧵
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2K
HDFC Bank RM has proposed this SIP portfolio of INR 3 lakhs per month to a wealthy friend of mine.
Seeking thoughts of other peers.
Please rate this on a scale of 1 (poor) to 10 (excellent)
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Story:
- Prabhat Ranjan & Neha Gupta, husband and wife working in IT Sector in Pune
- they have two 10 year old twin daughters
- Ranjan borrowed Rs 88 lakh from six banks and invested it in Selva Nadar’s Ashtavinayak Investment in June 2021.
- Ashtavinayak Investment obtained
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As a salaried employee, your focus should be:
1) How to upgrade your skills
2) Networking
3) Spend time with family and friends
4) Invest through MFs
Should not be:
1) tracking every entry and exit from MF schemes
2) disclosing your portfolio in public domain as a celebrity
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744
I will do 20 year SIP
market fall by 5%
Shall I continue my SIP
😂🤦
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740
People don't start with index funds, with maturity and experience, they end up with index funds.
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Feeling happy today 😊🪷🌸
have convinced someone to surrender 3 LIC Jeewan Labh policies (with total annual premium of ~ 3.60 Lakhs)
Policy 1
1.44 Lakh annual premium, 14 months premium into the drain.
Policy 2
1.44 lakh annual premium, 14 months premium, again into the drain
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Met somebody, started investing (SIP) 5 months back....
asked me, what should be the return expectation in Equity MF
I said 9-12% in the longer run.
He said, you can copy my portfolio, my return is more than 30%
😁
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The biggest return machine is your "career"
Concentrate on it.
I have seen people, wasting hours and hours to start a SIP which is 5% of their CTC.
Just outsource it and devote your time in "career"
Outcome will be amazing.
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"A" has 100% equity
"B" has 100% fixed income
Both are right.
A is 25
B is 65
there are no rules.
Personal Finance is "personal"
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@RahulGandhi
I belong 2 middle class; after almost 70 years of independence, most of them ruled by
@INCIndia
, whats the need for farm loan waiver
your party should had done enough so that the farmers had adopted newer tech. and remember "necessity is the mother of all inventions"
@BJP4India
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Client invested lumpsum, right near the 15200 lows.
(totally by luck)
today, he called that he wants to withdraw as he has lost in IPL betting.
Cricket betting is a hell hole and is least talked on social media.
1/2
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Tell me an investment solution better than Mutual Funds.
There are none.
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There are still noble and kind people.
Real story !
A client of ours, 25 years back bought a property for 25 lakhs from, let's say XYZ.
Sold it weeks ago for 25 Crore.
Giving back 4 crore to XYZ saying the price was not fair 25 years ago (bought it cheaper than fair value).
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Met someone, post tax monthly income 10 lakhs
Monthly expenses 9.50 lakh.
These expenses have zero EMI towards any appreciating asset.
I do not see any other option but to cut down on lifestyle expenses.
How do you think we should plan their retirement?
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An important lesson which I missed to highlight:
Don't borrow and invest
Thanks
@blackcat_1iii
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Case Study:
Let's say Amit, buy a home for ₹1.15 Crore and take home loan for ₹1 Crore at 6.40%
The EMI for a 30 years loan comes out to be ₹62551
1/n
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We have recently hired
@Priyanka9319
to manage our back office.
She yesterday received call from her father, who is a driver with app based cab aggregator.
I heard her saying - "toh aap call karke bata do ki apke pass uskey paisey safe hai"
I asked, what happened..
She said
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8️⃣ Common Mistakes you must avoid while managing your finances
Generation Z & Millennials must read this.
In personal finance avoiding big disastrous mistakes will have a very positive impact on overall financial health.
Please retweet to increase the reach
🧵
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Monthly Investible Surplus of ₹2.5 lakhs
SIP in mutual fund: 5K
And always worried about the markets.
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Someone contacted me 16-18 months back and wants to do ₹5000 monthly SIP
He didn't want to automate the debits
He wanted to discuss the market outlook every month and invest accordingly
Haath jod diye meine to 🙏
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If news are to be believed - Mr Amber Dalal - Ritz Consultancy - based out of Mumbai - ran off with an estimated 1000 to 1500 Crore.
🔸He raised as low as 10 Lakhs
🔸1000+ people invested their hard earned money
🔸22% annual return with safety of capital was promised
My views:
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Onboarded a couple with 88% savings rate on post tax income - no debt - no aspirations to buy real estate. The couple just wants to take experiences in the form of holidays.
The finances of this couple will be super awesome in a few years irrespective of the market performance.
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before entering your bank branch or meeting your bank RM, just take a pledge that you will not buy insurance cum investment product.
"their targets will affect your goals, choose wisely, their targets or your goals"
this is 30% of personal finance within 160 words.
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I really like the upcoming fund from
@dspmf
DSP Global Innovation Fund of Fund
It deserves an allocation to be part of the portfolio, 5-10% for retail investors and 3-5% for HNI investors.
Not a recommendation, consult your financial planner !
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Did you know:
🔸The first ever Mutual Fund was created in Holland
🔸in year 1774
🔸 close-ended
🔸 Name of the fund was "Eendragt Maakt Magt" which means "Unity creates strength"
🔸Was created by Adriaan Van Ketwich
🔸to offer diversification to investors with minimal capital
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All the LIC Policies which our clients have surrendered - the clients have lost money - surrender value in traditional LIC Policies is less than the sum of the premiums paid.
Not sure if LIC Policies can be surrendered in a manner where the client receives more than what he has
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A couple took huge personal loans to fund the marriage. Spend all in a day.
Now, three - four years of marriage, the couple will be repaying these loans, living paycheck to paycheck.. no room for even a 50K annual weekend getaway.
Rationalize your expenses on marriage!
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If you have saved 20 lakh rupees without having a health insurance and feeling good about it, let me spoil your mood, you are just one hospital bill away from going back to zero
Health Insurance premium is not a wastage
Health Insurance companies are not scan and pay real bills
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Compounding
Principal (1 + rate)^time
Accept the rate and focus on increasing Principal (savings rate) and time (start early).
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Compiling all my threads & articles here.
Please do share if you find them useful
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Physical Gold:
- Buy gold from reputed chain of jewellers only. Recently a friend sold the physical gold bought from local jewellers. The ornaments were embossed with 22 Carats but turned out to be 18 Carats on melting.
I don't have trust in hallmarking of local jewellers 🙆🏻♂️😬
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Financial Planner earns commission/fees, not for telling you best MF Scheme but for inculcate discipline in your investing journey.
The earlier you understand this the better it is
😊🤗
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@dmuthuk
A lot of our clients have a net worth target of 50 to 100 Crores and the recipe is simple:
🔷 Average returns
🔷 Holding period in decades
🔷 High saving rate
We are confident of playing the role of a guide in this journey
🌸🌺🤗
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8️⃣ things you must know about Health Insurance
Generation Z & Millennials must read this.
Please retweet to increase the reach
🧵
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When you guide someone for 45 mins and just to save ₹300 per year, he takes the insurance policy directly from the insurance company.
Everyone wants free advise and they do not value time of others.
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8️⃣ things you must know about term insurance
Generation Z & Millennials must read this.
Please retweet to increase the reach
🧵
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In the recent Ravi Sutanjani incident - no one has the right to accuse or blame Sejal.
She has done spaces with a lot of influencers - it's not her fault that one of them is now in the limelight due to negative reasons.
@SejalSud
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Some people are busy finding spelling mistakes and suggesting gramatical improvement in others tweet.
Guys, try to grab the knowlwdge, this is not an english language test !!
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debt funds
small thread
Investors believed debt mutual funds are safe and can be replaced with Fixed Deposit. In September 2018, after the IL&FS fiasco, Indian investors realized how debt mutual funds are different than fixed deposit & there are risk associated.
#mutualfunds
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Financial Independence is good.
The problem is with retiring early..
In my opinion, even if you have achieved 50-60% of the corpus required for financial independence, you can switch to a job with lesser work load, the job you are passionate about and purse the hobbies.
It will
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TIP (Term Insurance Plan)
HIP (Health Insurance Plan)
&
SIP (Systematic Investment Plan)
Must have👆
Must not have👇
LIIP (Life Insurance Investment Plan)
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People are making new lows in a race to post content regularly.
After marriage, please do what suits you. Need not leave the parents house just because a stupid influencer is saying so.
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there are crores of punters and thousand of bookies..
crores can pay to thousands but thousands cannot pay to crores..
stay away from any type of betting..
this is a risk of ruin and people sell everything to repay this debt.. bookies are nothing less than mafia
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The amount of food wasted in a buffet breakfast is astonishingly BIG.
Even if you are getting it free as part of bookings, please respect the resources.
The plate of a 5 yr old looks like that of a SUMO wrestler.
Buffet is to offer variety use it wisely.
🙏
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No point earning 60 lakh p.a. in a hectic job and spending the balance time on Twitter to research about Mutual Funds
Best is to seek guidance and spend the time saved with friends and family
We only have limited time, make the most of it
😊🤗🌸
Life Management > Wealth Mana..
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If you are going to retire today, after achieving the magic number of "required corpus"..
From where will you withdraw first.
You have investments in NPS, PPF, EPF, Equity MF, Debt MF, SGB, FD, Hybrid MF..
This sequence of withdrawal if done smartly can save a lot of taxes &
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reviewed a DIY portfolio, and there was no PPFAS Flexi Cap. Will this world accept him as DIY?
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@ravihanda
Five most important points:
- No Room rent limit + No room type limit
- OPD and Maternity kind of benefits are not important
- health insurance doesn't cover everything, exclusions are there
- Disclosures are important - make sure these are disclosed in proposal
- Brand matters
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SEBI should ban AMCs and MF websites from publishing trailing returns.
All should publish only rolling returns on a time scale of 1,2,3,5,7,10 years
- mentioning average and median returns
- minimum and maximum returns
It will help build realistic expectations.
@TheMFGuy1
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Dear Policy Bazaar
In an article you have compared MF returns with ULIPs returns
MF Returns: 5%
ULIP Return: 14%
Are you comparing the MF returns of Pakistan with ULIP returns of India
Why this kolaveri di?
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If you are not financially well off, the first big expense you should rationalize is about your marriage
- no point taking debt to fund a marriage in social presence
- no point burning years of saving to celebrate for 2-4 days
- no point trying to impress others without being
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1️⃣
First and foremost, sole reason for investing in National Pension Scheme:
💡tax saving and there by a place in retirement portfolio.
If you are investing in NPS for any other purpose, you are doing it wrong.
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Insurance company is a service provider, use them for transfering risk..
Assest Management Comoanies are for managing the money..
If you want the insurance company to do Asset Management for you, mind you it will be damm expensive and opaque.
😊😊
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It is not compulsory to book a holiday on every long weekend. If you cannot afford it - don't book it under social pressure. End.
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I believe, both you and your spouse should save for common financial goals but the investment should be held individually as single holder in both names.
Wifes who are just spending all their money for EMIs and Household expenses so that husband can save his income, let me make
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Loving this:
Girls are buying and gifting "home" for their parents and paying the EMIs.
And, people still prefer boy child over girl child.
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This is the best place in India to have breakfast.
The prices are also so reasonable!
Delhi carts sell omelette at 2X the price.
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Rate these investing vehicles out of 10 :
1. Mutual Fund - 100
2. Smallcase - 6
3. Portfolio Management Services - 6
4. National Pension System - 10
5. Public Provident Fund - 9
6. Employees' Provident Fund - 9.5
7. Sovereign Gold Bond - 15
8. P2P Lending - 2
9. Invoice
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Journey of a Bank Relationship Manager
🔸Start with a bank after MBA
🔸Gets some accounts allotted by the branch
🔸Touch base with existing clients and introduce himself
🔸Open new accounts through walk-ins and references
🔸RM's sole focus is on sales - traditional insurance,
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Golden Rule --
Never trust your Bank RM.
1) his knowledge is limited
2) the pressure of targets is unimaginable - he may have to lie to sell you something
3) he is paid for his confidence - don't try to judge him for that - it's the knowledge and intent which is a problem
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2️⃣
Two types of NPS Account - Tier I & Tier II
👉 Tier I Account: lock in account
👉 Tier II Account: invest and withdraw at will
Tier I Account is the account where all tax deductions are applicable.
Nothing in Tier II. Do not even open, it's useless.
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In 2023 I want to read a lot about weight training, running, nutrition, sleep, personal grooming, etc.
🌸😊
Please help me with the right twitter handles, blogs, etc.
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Property Market is buzzing once again, and investor activity has gone up. But there are risks.
Seven Risks of buying under construction property (UCP)
Thread🧵
Do retweet to increase the reach
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All the Bank RMs are life insurance agents who know a bit of banking.
Any doubt?
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A high-yield savings a/c, like
@IDFCFIRSTBank
is an excellent place to park your idle fund
- No risk of negative spreads (arbitrage fund)
- SIP>STP/Switch to avoid one leg of Stamp Duty
- upto 5 lakh rupee of insurance on deposits from DICGC
- Availablity of funds 24X7
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@iAnshumanKumar
@hdfcmf
@amfiindia
@Ajay_Bagga
@feroze_azeez
@KirtanShahCFP
@connectgurmeet
Superb..
Even finance professionals like us need to learn this level of consistency from persons like you.
Hats off..
Congratulations and cheers.
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Spelling of my name is exactly the same on my Passport, Aadhar, PAN, Bank Accounts, PPF, EPF, demat and in all investments.
What about yours?
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my first month on Axis Magnus, i did spend, 100300
but one of a 500 rupee transaction got reversed.
total spend came down t0 99800
next time, will be more careful
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To all NPS Tier II subscribers who have collectively subscribed ~ 3575 Crore:
1) Are you getting any tax benefits by investing in Tier II? No
2) Are you saving for retirement? It can be done through Mutual Funds!
3) Are you getting credit card rewards? It has stopped. 😄
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It pained me a lot to see the name of Kirtan Shah
@KirtanShahCFP
On Twitter at least I don’t know anyone who has shared more knowledge information than Kirtan on personal finance and MFs
The one page guys need to see a Dr
(Also respect the knowledge and PoV shared by others)
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Although I am the owner of the below things:
House
Car
Financial Assets
Gadgets
Nothing excite me more than the fact that I am the owner of my Time and Location
This feeling is super awesome
🤗🤗
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HDFC AMC has recently filed drafts for a 29 year G Sec target maturity fund.
Trust me, it will be 100X more tax efficient, return efficient, cost efficient, liquidity wise more better option than an "Annuity" from life insurance company.
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@TheMFGuy1
two things are common:
1) investors luke to buy recent performance
2) advisors like to sell recent performance
!!!
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reviewed a portfolio with 90-95% exposure in one AMC & 50% exposure in one single sector fund.
client age is 83 years.
😳
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Retirement plan from one of the famous YouTube influencer had these assumptions:
1) 15% Equity Returns
2) Inflation at 6%
Anyone following this plan, be rest assured that you will out live your corpus
"How to retire before 30, excel sheet included"
😝😅
@contliving
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80CCD(1B)
This section provides additional deduction of ₹ 50K over and above 80C limit of ₹ 1.5 lakh.
All India Citizens - residents and NRIs can claim deduction under this section.
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Life of financial planners was so much easier when liquid funds were yielding significantly more than Savings Bank Account.
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Four Big Pillars of Mutual Fund Industry can play a better role in avoiding one more serialized catastrophic turn of events in Fixed Income Space
my article in
@Kuvera_In
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Tata AMC <> Small Cap Fund
All Lumpsum investment in the small cap fund will stop from 1st July onwards.
Existing SIP and STP will continue as it is.
More clarification on Monday
@TataMutualFund
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march investors, please understand, its not your skill, its pure luck.
illusion.
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bank has sold pension policy to a senior citizen who went there for senior citizen savings scheme
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Everyone: I want to be wealthy
Reality is they want to maintain a fancy lifestyle and it is exactly opposite of saving a big corpus.
Savings and Wealth is invisible, expenses and lifestyle are visible.
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Franklin, Courts, SEBI, AMFI, EOW should look at the case as Lives Under Management and not Assets Under Management.
A lot of people with their life long savings are struck in this legal tangle. Let their be sanity.
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Mrs. & Mr. A
Monthly income (post tax): 2.5 lakhs
Expenses: 2.4 lakhs (including Home Loan EMIs)
Me: if you are not going to focus on your savings rate, your financial goals cannot be achieved.
Mr. A has now decided to find another financial planner.
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Three people booked a call with me disguised as "prospective clients" in the last 12-18 months.
In reality all three were MFDs.
Story time..
- one called me directly after checking the number from our website, did a call, he shared his financial data (fictitious) or maybe for
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3️⃣
Tax Saving can be done in three sections
80CCD(1)
80CCD(1B)
80CCD(2)
80CCD(1)
This has a limit of 1.5 Lakh and is not over and above 80C Limit.
It is useful only for central government employees. Private Sector Employees and Self Employed have a lot of options for 80C - 1.5L
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Last week, I wrote about Health Insurance
8️⃣ things you must know about Health Insurance
Generation Z & Millennials must read this.
Please retweet to increase the reach
🧵
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If you are dealing with an advisor, please take note of these three things:
1) Advisor will not be able to choose best Mutual Fund
2) He will not be able to maximize the returns
3) Even the advisor doesn't know everything
These will help you in long term engagement with advisor
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In the year 2008 - I bought my first apartment - I was 24.
This was the biggest achievement and the biggest mistake too.
I should have invested in mutual funds.
😬
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