Now get loans through ATMs

The Automated Teller Machine (ATM) got introduced in India about 3 decades back. Initially, the machine that were launched as cash dispensers have over the period taken over host of other banking transactions. Today, the ATMS that are available on all corners of our cities have become an integral part of day to day banking transactions.

With the technological advancement, you can now even look at getting an instant personal loan from these ATMs. What does this mean to you?
  • Cutting out on process delays and getting easy personal loans
  • As lenders will be vying for migrating the borrowers to ATMs for operational ease and cost effective process, one can expect low interest personal loans
  • Given the wide availability of ATMS, funding can be received from any corner of the country without any hassle.   

Investment Advise from Martin Sosnoff

An insight into the life of a lesser known but great investor "Martin Sosnoff"and bunch of advise to take home. Enjoy



Top 5 large companies impacted most by BREXIT

BREXIT
As they say "Unexpected Always Happens" and BREXIT happened exactly when financial markets was least expecting it. Britain exiting from Europe will have large ramifications on European Union and might lead to disintegrating the union which will happen off-course over the years. But this brings uncertainty to businesses and that is what market dislikes most. 

Though India is largely insulated from the BREXIT for the time being but if EU is to disintegrate it could be a serious problem for us also as we do substantial amount of business in Europe. Also the uncertainties in European countries might lead to capital flight to safe heavens such as USD and precious metals which would certainly impact our stock market returns.

On a medium terms basis companies which are deriving more than 50% of their revenue from Euro Zone should be watched carefully for any adverse impact of U.K exiting from Europe. Following are the top 5 companies which derive  substantial amount of revenue from Euro Zone:

4 Bad Behavioral Mistakes in Investing

behavioral mistakes in investing

Source: investopedia

Remember them as ROOM : 
Regret Theory - Overconfidence - Over & under reacting - Mental Accounting

Actual cost of petrol in india without taxes - 2016

After consecutive hikes in fuel prices in India since 30th March 2016, Petrol is almost Rs.9 dearer while diesel is expensive by around 10 bucks in Delhi. 

As on 1st June 2016, Petrol is costing Rs. 65.6 a liter while its production cost is just Rs. 25.31. 

Actual Cost of Petrol in India without Taxes

Changes in Securities Transaction Tax - 2016

With effect from 1st June 2016, rate of levy of Securities Transaction Tax (STT) on sale of option has been revised from current rate of 0.017% to 0.05%.

Accordingly, STT on the transactions executed on the Exchange on or after June 01, 2016 shall be charged at the rates indicated below:

Trading Idea - June 2016

This months trading idea is a contra call on Nifty which has seen very sharp up-move of 500 points in a week. But with every rise the valuation of Nifty is getting richer which is already expensive at 8200.

Nifty chart 5 day

Free E-Filing of Income Tax Return in India – 2016

If you are a salaried individual and need to file your income tax return for the financial year FY-2016 you can do it yourself for free and that too without any technical knowledge.

e-filingOnline portals like H&R block, Clear tax etc. are offering hassle free easy step by step process that collects your tax related data and documents through simple questionnaires and e-file your returns online. These online e-filing portals are registered e-Return intermediary and information you provide them are absolutely safe & secure. You can download the list of all registered e-return intermediaries from Tax Information Network of Income tax department.

Health Insurance must for a sound financial future

We all talk and listen a lot about financial planning and the importance of right asset allocation for Equities, bonds, gold, real estate etc. but even the best of the allocation strategy will fall apart if we are not adequately insured for life and health.

While many of us have a life insurance, though very small and inadequate, majority of Indians have no health insurance. As per recent National Sample Survey Data released in April 2016, Over 80 per cent of India’s population is not covered under any health insurance scheme. The data reveals that despite seven years of the Centre-run Rashtriya Swasthya Bima Yojana (RSBY), only 12 per cent of the urban and 13 per cent of the rural population had access to insurance cover. This poses a major threat to a family's financial future. 

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