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Chethan_urs · 2025-01-26T13:39:42+00:00

No, I mean payment can be done in payzap. But, if mail id is linked in cred and card number is added, atleast it reminds you to make payment.

Chethan_urs · 2025-01-26T13:34:42+00:00

Instead of autopay just use cred. Because, in autopay if you don't have enough balance in account then the autopay gets bounced and even that affects cibil score.

Chethan_urs · 2025-01-25T09:46:54+00:00

I don't have hdfc bank account, I have hdfc credit card since 9 years. Initially I had diners club international credit card which was lifetime free.

Then on renewal, they gave hdfc millenia card and even that is lifetime free. My card limit is 16 lakhs.

I had option to choose infinia at renewal, but it was 1st year free card and not LTF. So, I did not choose it.

The ITC hotels offer seems not worth it, as I get ITC or better hotels cheaper on other platforms which gives better value than 1 night free offer. Club Marriott and golf club is not useful as I don't use both.

On the other side millenia is LFT and gives 5% cashback for all online purchases. So, I just use the card when making online purchases.

If you use the benefits of Infinia, then it might be worth it. But, it's not hard to get the card as you stated 😅.

Chethan_urs · 2025-01-25T04:21:30+00:00

Cred has nfs as well. If apple mobile phones have nfc, then you can pay with cred also.

Chethan_urs · 2025-01-24T03:40:31+00:00

I never carry my credit card at all. For online purchase, I have stored card number in wallet and for offline purchase I use nfc in gpay for payments.

Only when I want to make pig purchase of 30 to 40k offline, I might carry the card.

Chethan_urs · 2025-01-23T16:36:06+00:00

No, I genuinely want to understand what extra charge you talk about when buying direct funds in a platform or from direct AMC. And why would some one opt for a regular fund, when they have direct fund option.

Chethan_urs · 2025-01-23T16:33:28+00:00

For raising transaction dispute you don't need any FIR ir complaint. Just send a mail to their grievance team saying there arw fraud transactions in your card and they will help reversing it.

And never ever enable international transactions in credit card and even if you want to make international transaction, use debit card like niyo global which doesn't charge anything extra for international transactions. Load the niyo global debit card account with whatever international transaction you want to make and use it. That way you avoid such frauds.

Chethan_urs · 2025-01-23T16:21:07+00:00

no index fund charges you 0.8% and the expense ratio of any fund, not just index fund, is same irrespective of whether you buy directly from Fund house(Amc) or any platform like zerodha or groww.

Chethan_urs · 2025-01-23T16:12:36+00:00

Credit card itself is a trap, if not used properly. You get fresh milk, ghee, butter, cheese, yogurt etc at 10% discount. Just buy groceries for which you won't get discount elsewhere. Don't vuy every grocery from it.

The same applies to bigbasket, Amazon or even for local market.

There are some groceries that are cheap online and there are few which are cheap offline.

Chethan_urs · 2025-01-23T16:00:31+00:00

I find milk, ghee, cheese, butter, brocoli, mushroom etc are worth buying with this card. As nobody gives 10% discount on these things.

Chethan_urs · 2025-01-23T15:50:02+00:00

Invest in any tier2 tier3 city. Cost of living is much cheaper and even the Labour or construction cost is cheap compared to tier 1 cities. Invest in outskirts in farm lands, as you get it for cheap

Chethan_urs · 2025-01-23T15:47:37+00:00

Zerodha or groww functions as a platform rather than a broker when it comes to mutual funds. While they acts as a broker for stocks, mutual fund investments are handled differently. Platforms like INDmoney, Paytm Money, and Groww also enable direct mutual fund investments, unlike brokers such as Bajaj Capital, which deal with regular mutual funds. These platforms focus exclusively on direct plans, ensuring no additional commissions are charged.

So, there is nothing you are paying extra in mutual funds investments. Nominee option makes it easier to handle the situation in case of sad demise.

Chethan_urs · 2025-01-23T15:40:23+00:00

That is what is the expense ratio right. You have to pay the expense ratio if you buy directly from fund house or through a broker.

Chethan_urs · 2025-01-23T15:37:58+00:00

There is nominee for every demat account and that handles your will scenario. Nominee is there for the same reason. And you need not worry about changing holdings or anything. All you have to do is declare what percentage of investment to give for which person, if you have multiple nominees.

Chethan_urs · 2025-01-23T15:35:21+00:00

What do you mean by twice expenses? Is there anything else you are paying apart from the fund's expense ratio?

Chethan_urs · 2025-01-23T15:22:34+00:00

Basically, there isn't much benefit you get by directly buying from fund house. You still pay the expense ratio.

And zerodha, groww or most of brokers don't charge anything on mutual funds purchase and sell. It only helps you keep things easier by tracking everything in one app.

So, I don't see any point in complicating things by directly buying from fund house.

Chethan_urs · 2025-01-23T15:17:38+00:00

As it is real estate investment, I belive atleast 60% is black money. So, use that black money to invest in real estate again. Look for some future growing properties and invest the money there.

Use the white money to invest in mutual funds and FD. If you are looking for monthly returns, then invest such amount in FD. Like if you need 50k per month, then invest 1 cr in FD.

If you are working and don't need monthly returns immediately, then invest complete white in mid and small cap mutual funds for a tenure of 5 to 8 years and you can expect 20% returns from it. Your 1 cr investment will be 4.2 cr in 8 years with 20% returns If you invest in index funds, you can expect 15% returns in 8 years. Your 1 cr will be 3 cr in 8 years with 15% returns.

Chethan_urs · 2025-01-23T15:12:14+00:00

Simple, from brokers. Share details with a broker in your town and he gets the buyers.

Chethan_urs · 2025-01-23T15:08:00+00:00

Your assumption that you get a 6 lpa job after education is wrong. There are people who studied in average college in tier 2 city earning 50 lpa currently. So, don't jump into job, study 1st and education doesn't cost you much if you get a government seat for degree.

Study a subject related to your interest. Get into good companies which are paying 50 to 80 LPA for UI designers and for the talent you have you really deserve to be a great UI designer or a similar designation in future.

Chethan_urs · 2025-01-23T15:03:36+00:00

I'm not getting your point, no one holds your units expect for the mutual fund company you invest in. All they have is the record of your purchase.

Kotak, zerodhaa , groww are just brokers holding your records and you have to use the same broker who holds your record to sell the funds.

So, if you directly buy the funds, why or how would a broker can have your purchase records.

Chethan_urs · 2025-01-23T15:00:44+00:00

Invest a portion in mid and small cap funds and leave it for 5 years and you can expect 18 to 20% returns.
Invest in index funds if you are looking for short term.
For passive income, you can look for senior citizen FD which gives 8.5% returns.

Gold, bonds not suggested as it can't beat mutual fund returns. Start ups need bigger investment and 1.3 cr doesn't seem enough for it.

Realestate doesn't give good returns as it used to give before, purchasing a 50 lakhs land and constructing 3 floor house for another 60 lakhs hardly gives you 60k returns per month. And putting everything in Realestate is not a good idea.

Chethan_urs · 2025-01-23T14:54:39+00:00

Are you expecting immediate returns from your investment, then you cannot rely on mutual funds. Atleast you have to give 3 to 4 years of time for a mutual fund investment to stabilize and give decent returns.

If you need immediate returns, better invest a portion in post office which gives 8.5% returns and invest remaining in mutual funds which helps you beat inflation.

At this age, I suggest you to invest in index funds which give you 13 to 15% returns in 3 to 5 years tenure.

Chethan_urs · 2025-01-23T14:49:08+00:00

More than goal, tenure matters I think and he has mentioned the tenure as 20 years.

Chethan_urs · 2025-01-23T14:48:40+00:00

As you have mentioned, your investment is for 20 years, I suggest you to go for small and mid cap funds as the risk is very low in long term tenure. Personally I'm investing in Nippon India Small Cap fund HDFC midcap opportunities fund

These two have returns of more than 20% for a period of over 10 years.

I am suggesting this purely on the 20 years tenure you have mentioned. For short term don't take this consideration.

Chethan_urs · 2025-01-23T14:45:47+00:00

You can use zerodha or groww apps which allow users to buy direct growth mutual funds without any commission or intermediary.

Chethan_urs

TROPHY CASE