CA | Documentary Film-maker "Mis-sold" | Finance Educator | No Paid Collabs | Founder @fingrowthmedia | No invt advice #PersonalFinance
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Sep 29 • 15 tweets • 4 min read
67% of those who divorced had frequent arguments around finances
42% of men took loan for divorce proceedings or alimony
Divorces are becoming too mainstream in Tier 1/2 India
We took 6 months to survey 1,258 people to know the impact of a divorce on finances. Findings🧵👇
[1] Divorce and finances
A divorce in India comes with heavy mental health and social costs
However, it's financial consequences are deep, yet the least discussed
Marriage expenses gone bust, maintenance, alimony, legal costs, career related disruptions. All about it👇
Jul 5 • 20 tweets • 5 min read
Jane Street made ₹43,289 CRORES from Index Options in ~2 yrs by manipulating markets
And retail investors lost ₹1.31 LAKH CRORES in F&O from FY22-24
I read the 105-page SEBI order so you don't have to
Simplified for you to understand how they pumped & dumped the INDEX🧵👇
[1] About Jane Street
It is a New York-based quant-trading firm that operates in India through a web of entities.
In SEBI's interim order, they've been accused of manipulating markets and profiting, worth ₹36,502 crores, largely at the expense of retail investors.
Apr 8 • 13 tweets • 3 min read
There are at least ₹1 lakh crore+ worth of unclaimed shares with IEPF.
After death, nominees don't know what their loved ones held.
But now, you can update your asset statement on DigiLocker.
Here's a step-wise detailed breakdown on all you need to know🧵👇
[1] Problem of unclaimed assets
This problem has only been growing.
People die and their loved ones never get to know if such shares/mutual fund (MF) units existed.
While there have been many steps that the SEBI has taken in the past, let's talk about this recent change👇
Jul 23, 2024 • 4 tweets • 1 min read
The new capital gains tax method is beneficial only if your property price increased by >10% p.a. in last 14 yrs.
As per RBI's Housing Price Index, only 2 of 8 major cities saw this growth.
Lakhs of homebuyers were stuck with delayed projects in this period. Unfair for them!
Source: RBI Data
Apr 9, 2024 • 10 tweets • 3 min read
Mutual Fund Sahi Hai!✅
Par kaunsa sahi hai?🤔
Scientific way of analysing 2,000+ equity mutual fund schemes to hold for long-term. [A thread…🧵👇]
[1] Past Returns?
Absolutely, not. We analysed data from the past 10 years.
Mutual funds that get the maximum return in 3 years hardly even remain in the top 100 performers in the subsequent years.
Then how do we analyse mutual funds? These 5 parameters on👇
Jan 22, 2024 • 11 tweets • 3 min read
I used to agree with arguments like: "Why a temple/statue, and not a school/factory?"
But I dug deeper to find that the Ayodhya Ram Temple🚩 will generate at least ₹4,00,000 Crores every year🤯
Here's how India🇮🇳 stands to benefit from the Ram Mandir [A thread🧵👇]
[1] At least 1 Lakh tourists daily
UP govt is expecting at least 1 Lakh tourists everyday and 2 Cr tourists within next 6 months.
Jefferies estimates that Ayodhya will see 5-10 Cr tourists each yr
But a lot of infra work is needed. Here's what the CG and UP Govt are doing👇
Dec 28, 2023 • 12 tweets • 4 min read
Insurance regulator IRDAI’s Annual Report 2022-23 was released yesterday. It has some great insights about:
🔸Cases of mis-selling reported
🔸Insurance sector's growth etc
Some extremely interesting insights. A thread🧵👇
Do re-tweet to educate more investors
[1] Premium growth across the world
Premiums de-grew/grew at abysmally low rates (YoY) across the world due to macro concerns and inflation
India grew 8.2% in life and 6% in non-life insurance
India is the 10th largest insurance market and is projected to get to 6th by 2032
Sep 27, 2023 • 12 tweets • 2 min read
Dream 11's ₹40,000 Cr GST tax demand is the biggest in the history of GST🔻
On what grounds is the tax department doing it?
Is the government to be blamed?🤔
I spoke to experts working closely with the GST dept and gaming companies on this.
A thread on the entire matter🧵👇
[1] Year 2021: GST Department speaks to the industry
Say, if the users pool-in ₹100 and the gaming company distributes ₹95 as winnings, ₹5 is the Gross Gaming Revenue (GGR).
Gaming companies used to pay GST at 18% on ₹5 [18% of ₹5 is GST of ₹0.9].
Contd👇
Aug 17, 2023 • 12 tweets • 3 min read
Raamdeo Agarwal came from a middle-class family but his stock-picking abilities made his net-worth soar to ₹6,840 Crores
MOFSL (his investment firm) recently released a 27th wealth creation report on how they select stocks. [A thread...] 🧵👇
[1] Consistents & Volatiles
To study companies, MOFSL's 27th Annual Wealth Creation categorized companies into two:
A. Consistents and
B. Volatiles
Consistents need to pass 3 tests based on their Profits After Tax (PAT). What are these three tests?🤔Read on👇
Jul 21, 2023 • 9 tweets • 3 min read
Reliance Industries Demerger will impact taxation of its 36,39,396 shareholders 🤯
You need to understand how this affects you as a shareholder🤔
Have come up with hand-written notes in a way that even a 5-year-old can understand
A thread🧵👇
[1] What is Demerger?
👉It's transfer of a business undertaking from one company (co) to another co where shareholders remain same
👉Reason? Separate board, investors etc
👉Why not sell the business?🤔Selling a co for cash involves taxation but demerger is tax free
Jun 15, 2023 • 11 tweets • 3 min read
My Dad invested ₹2 Lakhs in Eicher Motors in 2003-04📈
Had he held those shares, it would've been worth ₹6 Crores (300x)🤯
Since we are talking about timing even 'Mutual Fund' investments😅
Here's what you lose by trying to time the market🧵👇
[1] Practical Problems With Timing The Market
🔸Dad spotted multi-baggers like Eicher, Tasty Bite, Deepak Nitrite
🔸But he tried playing between support/resistance
🔸He sold Eicher at 20% profit when it hit resistance but the stock shot up after that. He never bought it again.
Jun 12, 2023 • 4 tweets • 1 min read
🚨 Urja Global's share went up by 44% in last two sessions📈
🤔Reason: It entered in to an agreement to manufacture batteries for TESLA POWER USA
📢People are confusing this with Elon Musk's Tesla. But it is not twitter.com/i/web/status/1…
👉Tesla Power USA is rather a subsidiary of Indian company Tesla Power India Pvt. Ltd
👉This company is Gurugram based and is owned by Khurana family
May 31, 2023 • 10 tweets • 2 min read
A team of 125 people were recently caught in Haryana scamming people worth ₹100 Crores+🤯
These criminals defrauded over 28,000 people from 35 states & UTs across the country📉🔻
I read a lot about how they scam so that you don't fall prey! A thread🧵👇
[1] How did they defraud people?
🔸UPI Scams
🔸Fake Listings on OLX
🔸Work from home opportunities - ₹30,000 per month
🔸Sextortion - Post video calls
Let us understand how they scammed people using UPI and OLX
May 29, 2023 • 6 tweets • 4 min read
Jadeja was once called, “A player of bits and pieces.”
Never write off yourself!
Life goes from 0 to 100 very quickly! Keep working hard!
#IPL2023Finals#Jadeja#CSK
Dhoni started his international career in 2004 with 0(1) against Bangladesh
If Dhoni ends his career now, he’ll end the same way he started, 0(1)
Oh, but what a beautiful career between these two innings :)
Virat Kohli made ₹240 Cr in 2021 from endorsements alone🤯
This is the amount at which an entire IPL team's rights were bought in 2008😲
BCCI is going to make ₹50,000 Cr+ just from IPL during 2023-2027📈
What makes IPL one of world's biggest sporting league? 🤔A thread🧵👇
Main players in the IPL Business Model Ecosystem
🔸BCCI: The organisers of IPL;
🔸Team Owners: Companies or rich people like SRK;
🔸Broadcasters: Viacom18, Star Network;
🔸Sponsors like Title sponsors etc.
Revenue streams for these players👇
May 10, 2023 • 8 tweets • 3 min read
Medical Insurance in India is rising at 14% p.a.📈
In 2020, when my grandfather got admitted to the hospital after Covid, the bill was a whopping ₹20,00,000
In 2025, this will cost ₹40,00,000🤯
Here's more on why you should buy insurance today🧵👇
[1] Lower Premiums For Life
👉Age is not just a number🔞
👉Insurance purchased in the early 20s are much more affordable than for people in 30s and 40s
👉This is because in the 20s you would be in the pink of your health and most probably you won't make claims
May 9, 2023 • 15 tweets • 3 min read
After 8 years of hardwork, I finally treated myself with an iPhone
6 ways on how you can buy it to within ₹50,000 (without exchange)🧵👇
[1] Wait for the right sale
Big Billion Day Sale is there but many times, e-comm players come with special offers on specific phones.
Flipkart was running a sale on iPhone 13. It was priced at ₹57,999. On other platforms (Croma), it is priced at ₹62,999.
Saved: ₹5,000
May 4, 2023 • 8 tweets • 3 min read
Adani Enterprises Ltd. reported 183% jump in Profit After Tax (PAT)📈
However, the Auditors have issued a qualified opinion🤯
To know:
🔸What is a qualified opinion?🤔
🔸What are the qualifications/objections?
🔸Who is the auditor?