Let’s Start the Financial New Year 2023 by Doing Things Right…

Let’s Start the Financial New Year 2023 by Doing Things Right…

Getting ready for the new financial year 2023-24 (FY24) means understanding common financial mistakes that can cost you a lot. There are many pitfalls to avoid, including overspending via credit cards, not investing enough to handle emergencies, not reviewing your credit report, and procrastinating tax planning.

A term insurance policy is critical to protect your loved ones in the event of your untimely death. “Life insurance can provide financial support to your beneficiaries and help cover expenses such as future financial goals, outstanding debts and living expenses,” says our CEO Colonel Sanjeev Govila (retd).

You can read his interview published at Money Control to find out how you can avoid some seemingly simple financial mistakes that can negatively affect your life and finances.


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There may have been a New debt MF taxation rule they still can give better returns!

Debt funds have long been a favourite for tax-effective fixed-income investments. However, the new taxation rule that will come into effect from April 1, 2023, may take away this advantage from most debt funds. But industry experts still believe that despite the loss of taxation advantage debt funds have several advantages over fixed deposits. Here’s what our CEO Sanjeev Govila has to say.

Better return opportunity with debt MF: Corporate Debt funds will always give better returns than bank FDs. Pick up good quality corporate debt funds and you will always do better. Banking & PSU Debt funds too are doing better now.

Helps in managing interest rate risk: The powerful advantage of M2M (Mark to Market) available now and for say next 3 years or so would increase returns in Debt funds as interest rates go down. On the contrary, when rates go down, bank FDs will give lower returns.

Allowed to set off the capital gain: income from debt funds shall still be classified as capital gains which shall be available to be set off against any other capital loss.

Read what he has to say here:


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US Stock Market: Is it the right time to enter now?

In the first quarter of 2023, all major US indices, including the Dow 30, S&P 500, and Nasdaq 100, posted positive returns, making it a strong start to the year for stocks. But the most important question here is whether to fall for the good numbers and enter the market or not. Answers our CEO, Colonel Sanjeev Govila (retd) in his recent interview in Financial Express.

“The answer is Yes and No, depending on what is our risk-taking capacity and the time frame that we’re looking at for investments. The main risks of the past – inflation, Russia- Ukraine war, lag in Chinese economy and supply chain issues – are still not under control. In fact, inflation is proving more stubborn than ever before with the jobs data refusing to come down, indicating an overheated economy. The Fed Reserve seems to have run out of options and the fact that any actions by it will only work on the US economy with a considerable lag, indicates that the pain has a long way to go. That forms the case for waiting it out and buying time before entering the markets,” says Col. Govila (Retd).


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