Monfinity

From 1st April,2021 dividend options/plans of Mutual Funds will be renamed and known as "Income distribution cm capital withdrawal option".

Govt. has taken back its decision to decrease rates on small saving scheme late night. FM has also tweeted today about the same. Hence, old rates will be followed.

Small savings interest rates, PPF, Senior Citizen scheme, KVP, Sukanya Samridhi rates revised downwards from 1st April, 2021.

Last date to link Aadhaar with PAN no. has been extended from 31st March 2021 to 30th June, 2021.

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•Lowest density development in NCR.
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•Wellness community & Lifestyle
•Finished apartments with High-end specifications.
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From 1st August, the interest rate in Capital Gain Bonds (Sec 54 EC) offered by NHAI, REC, PFC and IRFC is being reduced from current 5.75% to 5 % p.a.

*Government of India Floating Rate Savings Bond 2020 (Taxable):*

1- Bonds may be held by-
*Resident Individual & HUF only. NRIs can not invest.

2- Interest - Floating rate
* The coupon/interest rate for the first coupon period is 7.15%, payable on January 1, 2021. The coupon rate of the bond will be reset half yearly starting January 1, 2021 and thereafter every July 1 and January 1.
* The interest on the bonds will be payable at half yearly intervals on January 1st and July 1st every year. There is no option to pay interest on cumulative basis.

3. Maturity- 7 years from the date of issuance. Premature redemption will be allowed for specific category of senior citizens. For age above 80 years : 4yrs, age 70 yrs - 80 yrs : 5 yrs, age 60 yrs - 70 yrs : 6 yrs. 50% penalty charge of last coupon payment in case of premature redemption before 7 yrs.

4. Form of Bonds- Only in electronic form ( Bond Ledger Account - BLA)

5. Minimum Invest is ₹ 1,000 and in multiples of ₹ 1,000. There is no maximum amount limit.

6. Income from these bonds is taxable.

7. Bonds are not tradeable in secondary market. Also, not available as collateral for availing loans.

For further details, kindly contact us @ 9999218876 or email us - [email protected]

*Important Update for mutual funds*

Starting from 1st July, *Stamp Duty* is getting applicable at the Instance of Investment.

*Whom it’s applicable:* On all categories of Investors. Individuals, HUF, NRIs, Corporates & Non-Individuals.

*Scheme’s applicable:* All.
Equity, Debt, Liquid etc. Applicable on all categories of Mutual Fund Schemes.

*Type of Transactions Applicable:*
Purchase, Switch, SIP, STP, Dividend Reinvestment, Units bought on Exchange.

*Stamp Duty Rate: 0.005%*

Ex: 500 Rs. Stamp Duty On 1 Crore of Investment transaction starting 1st July.

Mutual Fund shall deduct the Stamp Duty from the subscription amount paid by the investor & allot units for the Balance amount.

Interest rates for small saving schemes cut by 70 bps to 140 bps. These rates are applicable for the quarter starting 1st April, 2020 to 30th June,2020.

RBI has provided moratorium for the term loans and EMI can be extended for three months to provide you relief in current situation. Our take on this facility is :

1- continue to pay EMI as bank will continue to charge interest and if you do not pay EMI, your cost will increase and you will end up paying more.

2- use this facility only if you have cash crunch, not getting regular salary, getting salary cuts or have fear of loosing job due to lock down.

3. Check with your bank if they are providing moratorium by default. If yes, then you can ask them to cancel this facility against your loan account.

Again we are emphasising on the importance of creating a contingency fund to all our clients for the situations like this. Create a corpus of minimum 6 months salary and invest either in liquid/ultra short term funds or invest in short tenure fixed deposits which can be liquidated in case of any contingency.

For any query you can reach us @ 9971998876 / 9999218876 or [email protected]

Covid 2019 has been the major reason for havoc in stock markets and our personal lives. Working from home, managing kids, learning different house cores, keeping yourself healthy, managing food supplies and lot more simultaneously is now common to all of us. I will suggest what you should do now:

*1- Don't let stress short circuit your financial decisions.*
Markets will fall, rise, short cover, panic selling and eventually reach old highs. This has been historically proven. We need to accept this nature of stock markets and should remain calm. A wrong decision taken can ruin all your financial goals.

*2- Analyse your income flow in short to medium term.*
If this lock down stays longer, how will this impact your inflows. Say for 3-6 months if you don't get interest incomes, dividends, salaries, rental incomes, will you be able to stride over and manage your expenses?

*3- Reduce your expenses.*
Though lock down has reduced expenses towards leisure but still you should think over if there is scope of further reducing your expenses. E.g. DTH expenses, Netflix, Amazon Prime, Zee 5 subscriptions need to be looked upon. Do we need all of them or we can survive through DTH only. There must be other grey areas where we can work and reduce expenses. It is the need of hour.

*4- Increase cash/Liquidity.*
Contingency funds are recommended for the time like this. Some physical cash, liquid money can be of great help.

*5- Stay invested.*
At what levels will markets finally settle at is a question which no one can answer. Say we take out money at 26000 SENSEX levels and book losses. Markets reached 23000. You can never be sure in this pessimistic times that 23000 is the right level to invest. You will remain in cash and when markets finally bounce back you will get courage to invest at 30000 again. Quoting this example from my personal experience. So stay invested till you reach your financial goals.

*6- Optimise your debt/loans.*
Keep an on your housing loan interests. If your lender is not revising loan rates then try to look after if you can get it re-financed from some other bank with lower interest rates.

*7- Review you insurance.*
Check if you have your personal health insurance cover and a term insurance cover for all earning members in the family. Due to economic weakness, we might see job losses. Not saying something to make you feel worry, but intention is to raise caution.

Simultaneously do regular exercise at home, play with kids, call your friends and relatives and do everything that keeps you stay happy.

Most importantly do not track your portfolio and stock markets continuously.

Feel free to call me anytime at 9971998876 or mail me at [email protected]
Regards Rajat Singhal

*Flat for sale:*

ATS Le Grandiose (phase -I), Sector 150, 1625 sq. ft., 2nd floor, 3 bhk.
Possession in June 2020.
Contact us @ 9999218876 / 9971998876 for further details.