We blogged last week on Data Security and Password Management. The Government of India has taken initiatives to educate the users on the best practices that must be followed to protect them from different cyber security attacks and cyber threats. Nowadays, cyber attackers can hack your computer and access your saved data and all other information. There is a need for best practices that protect users and their data from threats like malware, phishing, and data breaches from Hackers or Cyber attackers.  The precautions as initiated by CERT-In (The Indian Computer Emergency Response Team) concerning Desktop, Browser and Email Security are […]

Cyber frauds have become a big menace. The fraudsters are using innovative methods to defraud gullible citizens. The Senior Citizens are the worst victims. Online transactions are becoming universal for all. Taking precautions is the only option. The Government has taken initiatives to educate the users on the best practices that must be followed to protect them from different cyber security attacks and cyber threats. The precautions as initiated by CERT-In  (The Indian Computer Emergency Response Team) concerning Data Security and Password Management are as follows; Data Security: Password Management: The Indian Computer Emergency Response Team (CERT-In) is a Government Organization […]

NPS (National Pension Scheme) accounts scheme is a very good option for creating a retirement corpus. Till now NPS (National Pension Scheme) accounts Tier I and Tier II could be opened for persons above 18 years of age. It is possible now to open the accounts for minors. A National Pension Scheme (NPS) for minors has been launched by Finance Minister, Nirmala Sitharaman on 18th September 2024. It allows parents to contribute a certain amount on behalf of their children towards NPS to secure their future and help them develop a retirement fund. The minimum contribution is Rs.1,000 per year […]

What is NPS? The Central Government had introduced the National Pension System (NPS) with effect from January 1, 2004. NPS has been opened to all Indian citizens voluntarily by the Pension Fund Regulatory and Development Authority (PFRDA). How does NPS works? NPS investment encourages people to invest in a regular interval during the course of their employment and helps in building the retirement corpus. After retirement, we can choose to withdraw 60% of the total amount and the remaining amount 40% should be used to purchase an annuity which will be a regular income post-retirement. 2.Types of NPS Account: 2.1.1. NPS […]

We started 2022 with peak of equity market followed by Ukraine war, historical high US inflation rate, hikes in interest rate by central Banks and oil price volatility. The market reacted adversely to global uncertainties. The latest uncertainty is the bizarre China Covid 19 policy. But India has handled Covid effectively, managed macro-economic fundamentals well amidst uncertainties. The inflation has started moderating, is below 6% now and likely to go down further as per RBI’s assessment. As per IMF, India is the highest GDP growing economy in the world today. The credit growth has picked up and non food credit […]

1) There is always, always, always something to fear when to comes to the stock market. Fear is good because it’s the fear that creates opportunities. Rather than avoid fear, you should welcome it. It is in the grip of stock market fear and exuberance that the most money is made in the shortest timeframe. 2) When fear starts, we perpetuate it. Fear is great for us, for the financial media, the brokers, the financial planners, the fund managers, for financial advisers, in fact it’s great for the whole finance industry. Why? Because fear triggers insecurity which drives investors to […]

1. What is a Nominee? According to law, a nominee is a trustee, not the owner of the assets. In other words, he is only a caretaker of your assets. The nominee will only hold your money/asset as a trustee and will be legally bound to transfer it to the legal heirs, if a will is not done. It is essential that one needs to execute a will. It is the ultimate source of truth and replaces the succession law. Nominee can also be one of the legal heirs. 2. Why is the concept of Nominee? If the nominee does […]

Data collection has been a major challenge in the preparation and review of Financial Plan(s). Technology has provided easy solution through account aggregator. They are registered entities to provide individual clients data on request and in a secured manner. It will make the clients life hassle free from the botheration of collating client’s financial data in a safe, secured and convenient manner.   What is an Account Aggregator? An Account Aggregator (AA) is a type of RBI regulated entity that helps an individual share information securely from financial institution(s) to any other regulated financial institution/intermediary. Data can only be shared with […]

Gift City in Ahmedabad have started making available investment in international stocks for Indian residents. NSE owned IFSC and BSE owned India-INX, both of which operate in GIFT City. However, both have chosen radically different models in allowing resident Indians to invest in foreign stocks. NSE has created unsecured depository receipts in GIFT City, while BSE-owned India INX is simply acting as an intermediary platform (rather than an exchange). Investors in India INX transfer money straight from India to the US or other foreign countries without it ever touching the IFSC itself. What are the two models? The NSE IFSC has […]

We normally associate investment risk with loss of capital, fluctuation or volatility in prices of listed securities, foreign exchange risk, stock picking risk and so on. The impact of ‘illiquidity’ is also an important risk in listed securities like stocks and exchange traded-funds (ETFs). Illiquidity risk in Real Estate Real estate is plagued with illiquidity risk and this is well understood by most people, however, the same parameter is somewhat misunderstood in listed securities such as ETFs. Sometimes in an hour of crisis we may be forced to sell assets like our house with distress selling wherein lack of liquidity […]