February 2021

Daily Market Analysis – 18th Feb 2021

Cabinet approves PLI scheme for telecom sector worth ₹12,195 crore The Union Cabinet on Wednesday approved a ₹12,195-crore Production Linked Incentive (PLI) scheme for domestic manufacturing of telecom and networking products such as switches, routers, radio access networks, wireless equipment, and another internet of things (IoT) access devices. The core component of this scheme is to...

How ELSS is better than any other Tax saving scheme?

If you are looking for tax savings this season, then look no more. We have come up with an interesting blog on the evergreen topic of whether ELSS is better than any other tax-saving scheme. And what’s more interesting is that we have also summed up answers to every Why of yours. So what are you waiting for? Let’s skip this journey to the main content. What options do you have for tax...

Reviewing Your Financial Plan? Keep This Checklist Handy

‘The only thing that is constant, is the change‘, remarked a famous Greek philosopher and he was not wrong. Everything in the world changes and so does your financial requirements. As you grow older, your financial responsibilities change as per your financial goals. You are, thus, advised to review your financial portfolio at regular intervals and ensure a sound...

Daily Market Analysis – 16th Feb 2021

Vi 5G Rollout, Fund Raising Vodafone Idea Ltd (Vi) on Monday said it is prepared for the rollout of 5G wireless service and plans to fold up its 3G services by FY22 as it bids to move towards becoming a 4G-focussed telco in a bid to boost revenue, although it would keep its 2G services running for years given that it has a large segment of basic phone subscribers.  The...

What is ELSS? Is ELSS Different from Mutual Funds?

Mutual funds have revolutionized the way people invest. Earlier, risk-averse individuals preferred fixed deposits while risk-taking investors went for stock markets. However, lately, mutual funds are becoming a favourite among investors. They promise market-related returns while the risk is diversified over a wide portfolio. What’s more, even small investors can invest in a...

Daily Market Analysis – 15th Feb 2021

1. Rise in Petrol and Diesel Prices The petrol price in Mumbai was Rs. 95 per Litre on Saturday and it has increased by 30 Paisa. Diesel price also increased by 36 paise from the Saturday rates. There is a price difference between Petrol and diesel prices from state to state due to tax and duties. Central And state tax makes up 61% of retail selling price and 56% of diesel prices....

Old vs New tax regime – Check what Mr. Shah opted for?

Benjamin Franklin once famously said, “In this world, nothing can be said to be certain except death and taxes”. We can’t beat death but we can definitely cope with taxes with the right advice.  Mr. Shah was seen worried for a few days. When asked, he said, “Taxes were a complicated issue even for Benjamin Franklin. Now we are having 2 versions of it. How to choose...

ELSS vs Public Provident Fund

“Bank Fixed Deposits are not going to work for me! I am planning for building up a fund for paying off my daughter’s college fees.” Mr. Iyer was telling me the other day.  “I want to know where I can invest for 5 years so that I would be able to  pay off the college fees easily after 5 years?” Mr. Iyer was indeed worried because he is not able to understand how to work this...

Daily Market Analysis – 12th Feb 2021

1. The government is planning to spend Rs 700 crore on setting up 2,500 farmer producer organizations (FPOs) in 2021-22. This will help the government reach out to 60,000 farmers and provide them with a better farming ecosystem. A group of small and marginal farmers as FPOs will have better bargaining power and financial strength to cultivate high-value crops said, officials. This is part...