About me

Smart Finance Planning is based on few simple principle :

In real world Return on capital is less importance than Return of capital.In simple world capital protection

As an individual each of our prosperity depends on nations property.In simple word individual prosperity is directly proportional to nation prosperity .If we all become rich our nation will become rich ..this is my mission.

Who writes ?

I am Abinash Patra .By profession i am a software engineer and by passion a stock investor.I am not a CA and not a certified stock analyst.

Passionate to help people in taking sensible and simple steps in money matter which help them in fulfilling their long term goals..

Investment is not about beating others , rather it means fulfilling your long term goals...

Comments

Why our Mutual Fund Portfolio needs restructure now ?

Why Mutual Fund portfolio now require restructure …. It is just because of below 3 reasons 1. Introduction of LTCG 2. Categorization of Mutual Fund by SEBI 3. Introduction of TRI (Total Return Index) Introduction of LTCG : That means frequent buy and sell of funds will put you in the trap of taxation and on a long run basis your return will reduce. Because each time you redeem you will pay tax and while reinvesting you need to pay upfront expense (applicable in both regular and in direct). Also we need to stop running behind those funds which are giving best return in recent times by churning your portfolio again and again may become fatal. So now your responsibility becomes more to choose right fund and stick to it for a lengthy duration. Categorization of Mutual Fund by SEBI : After new guideline from SEBI , a large cap should only consist of large cap (no mid and small cap) Similarly s...

Top Tax Saver ELSS fund to invest in 2014

ELSS is Equity Linked Saving Scheme mutual funds which come under 80C for tax savings. ELSS funds offer triple benefits of tax savings, capital appreciation and tax free returns to the investor. Few things you must know: • It is diversified and comes under 80C for tax savings. • The return and dividends for ELSS are tax free like in PPF. • This has luck in period of 3 years unlike in PPF for 15 years. • In the PPF, the investor must make at least one contribution in a year or pay a penalty. However, there is no such compulsion in ELSS funds. • The returns are entirely dependent on market .However Some of the funds have grown 2 times in 3 years and 3 times in 5 years. How you can maximize return from ELSS? • Make it GROWTH option instead DIVIDEND option and choose best performing funds. • Can make it DIRECT plan in order to save commission and other expense but your agent may not like this J • Start through SIP for cost averaging. Let...

How to become CROREPATI guaranteed :)

Crorepati!!!!! Wow J It has been always an aspiration of all of us to become a man of crore… You can become crorepati by · Win a Lottery (not guaranteed) · Marry a super Rich Girl (cool technique but girl may ditch you before marriage Anytime J ) · Inherit from your parents or from any other relative (guaranteed) · Buy a quality share and sit tight (not guaranteed) · ...

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