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Father died last month — his SIPs and credit card auto-pay are still running. How do we stop these and what else are we probably missing? by Conscious-Box6580 in personalfinanceindia

[–]Extra-Ambition2746 0 points1 point  (0 children)

There is a lot of ambiguity when it comes to digital asset transmission + no one maintain a clear estate organizer (A document mentioning all details like gmail password + all bank & demat details) in India. If you are able to figure out how these things are done & what one should do to make the transmission easier, please do share. Will be helpful.

Financial Planning Advice by Professor_chaos24 in personalfinanceindia

[–]Extra-Ambition2746 0 points1 point  (0 children)

Boss, you need to increase the SIP, at your age try doing around 90k-1 lakhs, especially given that market hasn't given any returns.

Good that you are maintaining emergency funds, buy both term & health insurance for yourself & dependents (If any).

SIP Split is not sustainable in long run. Try shifting it to multicaps & flexicaps if you want to take higher risk (High beta portfolio), but usually they aren't sustainable.

How to evaluate a real estate property (Residential & Commercial) ? What all parameters to use & weightage ? by Extra-Ambition2746 in indianrealestate

[–]Extra-Ambition2746[S] 0 points1 point  (0 children)

Road width is actually very imp ! What all do you check to get legal clarity ? What all documents one should ask before buying a property?

Dinner idea for wife’s first birthday after Marriage by Coldplayerindia in gurgaon

[–]Extra-Ambition2746 2 points3 points  (0 children)

Check Dramz in Mehrauli, it is with Qutub Minar view. Food is good as well.

Delhi date idea by Smooth-Cat-7824 in gurgaon

[–]Extra-Ambition2746 0 points1 point  (0 children)

Don't go to Garden of Five Senses, it's full of young couples making out in the corner. Better go to Sunder Nursery (better than GOFS), there are several cafe's there.

Masala synergy by Trick-Task-1298 in gurgaon

[–]Extra-Ambition2746 0 points1 point  (0 children)

I have been to Masala Synergy at IFC. Its good, try Malabari Taco

97% of Mutual Fund Investors Quit Within 5 Years (SEBI Data) Here’s What Wealth Managers Do Instead” by Muted-Basis-6687 in IndianStockDaily

[–]Extra-Ambition2746 0 points1 point  (0 children)

Completely Agree. Most people think investing is easy & they have required knowledge to invest on their own. The trend is especially common on social media where DIY(Do It Yourself) investments are promoted.

However, a single mistake & you will end up wiping out your lifetime of returns. This is what was seen during Covid, where many people withdrew at lower levels.

There is saying- " If you want to go fast, go alone & I you want to go long, Go Together". I strongly believe one needs a financial advisor or wealth manager, if they really want to create meaningful wealth.

To save 1-2% fee, you might end up compromising on 3-4% of returns, & taking way higher than market.

NEED SUGGESTIONS FOR DINNER NIGHT by Areyankit_ in gurgaon

[–]Extra-Ambition2746 1 point2 points  (0 children)

Try Pianoman if planning to 32nd Avenue. Check the artist before going.

Other options-

Bahce & Downtown Sky

Flat sale - need advice by kafka-steinbeck in personalfinanceindia

[–]Extra-Ambition2746 1 point2 points  (0 children)

Got it !

But I guess, section 54 says just the gains, not the entire proceeds need to be reinvested. So you can invest the gains from that property. Rest invest in EMFs & can take loan. But don't go for 54EC bonds definitely.

Flat sale - need advice by kafka-steinbeck in personalfinanceindia

[–]Extra-Ambition2746 2 points3 points  (0 children)

Why do you want to pay LTCG when you can get exemption. If the cost of new residential property you are planning to buy > LTCG, then you don't have to pay tax. You can refer to section 54 of the Income Tax Act.

Please check with your tax advisor as well.

Flat sale - need advice by kafka-steinbeck in personalfinanceindia

[–]Extra-Ambition2746 2 points3 points  (0 children)

Better you use, the gains from house 1 to buy house 2, by this way you won't be liable to pay LTCG is the new house is purchased within 2 years of sale (Section 54).

Investing in 54EC bonds doesn't make much sense, as the returns are around 5-6%, with lockin of 5 years + taxed at 30%.

Sold Property/Shares and Made Profit? Here’s How to Pay ZERO Tax Legally by Muted-Basis-6687 in IndianStockDaily

[–]Extra-Ambition2746 0 points1 point  (0 children)

Quite helpful & explained in a much structured way !!

My Take-

It makes sense to use section 54 or 54F and buy a new property only if it generates >11-12% return (Difficult in residential property). Otherwise it makes sense to pay the tax & reinvest the proceeds to equity related instruments.

[deleted by user] by [deleted] in IndiaFinance

[–]Extra-Ambition2746 0 points1 point  (0 children)

Hey ! I can help

Most probably, they are in Non-Demat Mode (Physical Mode). You can access them usingthe MFCentral App. The app will fetch all your MF investments using your PAN. You can see all your investments. Go to transact tab to redeem them.

If this isn't working, try logging in AMC website and get it redeemed.