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 […]

National Pension Scheme (NPS) is one of the popular retirement savings schemes in India. Now you can invest through systematic investment plan (SIP) facility to make periodic contributions to your NPS account. For this one must have an NPS account with active permanent retirement account number (PRAN). Please visit our blog https://www.maxsecfp.in/how-to-open-nps-account-online/. You can create SIP in NPS in two ways. 1.One way is to approach the bank (POP- Point of Presence) in which you opened your NPS account and provide a standing instruction to the bank to make periodic payments to your NPS account. 2. The other way is […]

Background Legacy is often understood as leaving behind a property or tangible assets to be inherited by successors. And Financial Will is the instrument of such legal succession. This, no doubt, ensures easy and smooth transition of one’s tangible property, both movable as well as immovable. This also translates the transition of property of the deceased in terms of his / her intent and prevents any possible chaos/confusion after death. However, the said process only takes care of financial assets. While financial estates are important, the other aspects, possibly more important ones, are often forgotten. This includes the intangible legacy of an individual. Every person is the repository […]

“Women should be financially independent. It doesn’t matter who your father is, doesn’t matter who your brother is, doesn’t matter who the man in your life is, you need to be responsible for your finances and be financially independent “Priyanka Chopra” The role of women in society is changing. The number of educated girls is increasing and they are coming out with flying colours in every sphere of life. They are now career-oriented and are being commissioned into Defence & even Flying Combat Aircraft which were once upon a time dominated by males. Indian born Dr Swati Mohan recently led […]

Finance is difficult for many investors due to a lack of knowledge and time. When investors desire to seek help, they come across investment advisers, Financial consultants, wealth managers, etc. The investors get confused about the designations and are not aware of the difference between SEBI Registered Investment Advisors and Distributors. The investing public has the wrong notion that distributors who are actually selling products are advisors. This wrong perception makes them engage with distributors and seek “advice” from them. The “advice” which they offer is tailored to sell the product. Since the distributors are remunerated by way of commission […]

The year gone by is unforgettable. We have survived the challenges, thrived and adapted. We learnt how to handle our health better; exercises, meditation and enough sleep. This has helped us to discover our body, mind and emotions. We learnt the limitations of the false ego originating from wealth, position and power. There was enough time to introspect and learn crucial life lessons. How many would have befriended pains and challenges voluntarily? It was a big opportunity in disguise. It taught us big lessons on patience and empathy. We learnt to respect and gratitude. We have emerged more mature and […]