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Nishant Batra CWM® 🇮🇳 Profile picture
@stepbystep888
Apr 4, 2020 • 4 tweets • 3 min read • Read on X
ELSS offers an investor to claim tax deduction under section 80C. Please note this is not an additional deduction it is within the limits of 150,000 per annum.

lets now deep dive into the category wise (retail, HNIs and Corporate) plan wise (direct & regular).

#mutualfunds
#80C
18530 crore retail AUM have decided not to invest in PPF/EPF/VPF but to allocate in ELSS.

opportunity cost & what retail can do: explained👇



Asset Weighted Expense for these schemes (regular mode)👇
Image
6705 Cr of AUM contributed by HNIs

can someone please calculate, how many HNIs are there in India, considering 1.5L whole limit goes into ELSS by HNIs.
OR
Was it mis-selling for earning upfront commission in lock in product

80% of the AUM is in regular mode 📢💣

RIA Vs. MFD Image
why corporate are trying to avail 80C deduction which is not there for corporate

@Jainbalwant can you please throw some light on it. Image

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More from @stepbystep888

Nishant Batra CWM® 🇮🇳 Profile picture
Mar 12, 2023
Case Study:

Let's say Amit, buy a home for ₹1.15 Crore and take home loan for ₹1 Crore at 6.40%

The EMI for a 30 years loan comes out to be ₹62551

1/n
Every EMI will have two components
1) which goes on repaying the loan and
2) which reduces the principal outstanding

The first monthly EMI of ₹62551 will have

~ 52333 as interest cost
&
~ 9217 as principal paid

2/n
The longer the repayment schedule of the loan (in our case 30 years), the lower will be the principal repayment component in first EMI

If rate of interest remains constant (hypothetical world 🤪), the portion of principal prepayment in subsequent Email will keep rising

3/n
Read 9 tweets
Nishant Batra CWM® 🇮🇳 Profile picture
Aug 21, 2022
8️⃣ Common Mistakes you must avoid while managing your finances
Generation Z & Millennials must read this.

In personal finance avoiding big disastrous mistakes will have a very positive impact on overall financial health.

Please retweet to increase the reach
🧵
1️⃣
Do not buy traditional insurance policies. It's a combination of insurance and investment AND none of the purpose get solved

👉 insufficient life cover
👉 sub optimal investment

keep investments and insurance separate. Do not buy these toxic policies for tax saving.
→ take term insurance for life cover, it is the only affordable vehicle which can give you adequate life cover

the traditional insurance will give life cover of 10 times the annual premium whereas term insurance can give you life cover equivalent to 1000 times of annual premium
Read 25 tweets
Nishant Batra CWM® 🇮🇳 Profile picture
Aug 15, 2022
8️⃣ things you must know about National Pension Scheme (NPS).
Generation Z & Millennials must read this.

Please retweet to increase the reach
🧵
1️⃣
First and foremost, sole reason for investing in National Pension Scheme:

💡tax saving and there by a place in retirement portfolio.

If you are investing in NPS for any other purpose, you are doing it wrong.
2️⃣
Two types of NPS Account - Tier I & Tier II
👉 Tier I Account: lock in account
👉 Tier II Account: invest and withdraw at will

Tier I Account is the account where all tax deductions are applicable.

Nothing in Tier II. Do not even open, it's useless.
Read 28 tweets
Nishant Batra CWM® 🇮🇳 Profile picture
Aug 7, 2022
8️⃣ things you must know about Health Insurance
Generation Z & Millennials must read this.

Please retweet to increase the reach
🧵
1️⃣
First and foremost, term insurance is to cover the immediate and medium term risk of death.

Whereas, health insurance is to cover the longer term risk of falling sick. (immediate and medium term risk is also covered).
2️⃣
The purpose of Health Insurance is to cover the risk of significant cost of hospitalization so that the nest egg you are saving for long term goals doesn't get drawn into in case of hospitalization.
Read 15 tweets
Nishant Batra CWM® 🇮🇳 Profile picture
Jul 31, 2022
8️⃣ things you must know about term insurance
Generation Z & Millennials must read this.

Please retweet to increase the reach
🧵
1️⃣
First and foremost, you need term insurance to cover the immediate term risk of loss of income due to death.

AND

You absolutely do not need term insurance for your 60s, 70s, 80s & beyond.

Inflation (6%) adjusted purchasing power of ₹ 2 Crore after 40 years = ~ 19.44 lakhs
2️⃣
1) Suicide within first year is not covered. Death due to any other reason, in any geography is covered.
2) No Maturity Benefits - if you survive policy term, nothing for you as MB

Some of the articles on the internet talks ignorantly about other causes of deaths not covered
Read 11 tweets
Nishant Batra CWM® 🇮🇳 Profile picture
Jan 17, 2022
Property Market is buzzing once again, and investor activity has gone up. But there are risks.

Seven Risks of buying under construction property (UCP)
Thread🧵

Do retweet to increase the reach
I am not a real estate expert, then why I am writing something on a very complex topic.
Personal finance covers everything, it includes taking care of your health, taking adequate and appropriate insurances, making budget, optimizing loans, investments, tax and estate planning. Everything.

Buying a house is a big emotional and financial decision in anyone’s life..
Read 25 tweets

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