Resilience and Recovery in the Indian Economy India’s economy has showcased remarkable resilience and steady growth post-pandemic, as highlighted in the Economic Survey 2023-24. The real GDP for FY24 is 20% higher than FY20, driven by strong public infrastructure spending, digitalization, and structural reforms under the Atmanirbhar Bharat Abhiyan. This has resulted in robust private [...]
Investing can often feel like a puzzle, with countless paths and possibilities. To make informed decisions and achieve financial success, it’s crucial to arm yourself with effective mental models—frameworks that simplify complex concepts and guide you toward smarter choices. Here are some key mental models every investor should know. 1. Margin of Safety The margin [...]
As the deadline for filing income tax returns (ITR) in India approaches, it is crucial for taxpayers to understand the significance of timely filing, the differences between the old and new tax regimes, and the various deductions available. The due date for filing ITR for the financial year 2023-24 is 31st July 2024. Filing your [...]
The Sukanya Samriddhi Yojana is a government-backed savings scheme in India specifically designed to promote the welfare of the girl child. Launched by the Government of India as a part of the Beti Bachao, Beti Padhao campaign, this scheme provides a secure and long-term investment option for parents or guardians to save for their daughter’s [...]
Skin in the game is an interesting book written by Nassim Nicholas Taleb, as per the author the fund managers must bear a cost when they fail the public. A fund manager that gets a percentage on wins, but no penalty for losing is incentivized to gamble with his client’s funds. Bearing no downside for [...]
How to get rich without getting lucky. This is from Naval Ravikant tweetstorm. Naval Ravikant is an Indian-American entrepreneur and investor. He is the co-founder, chairman, and former CEO of AngelList. He has invested early-stage in over 200 companies this includes Uber and Twitter. Here are some of my personal favorite tweets from the thread [...]
Direct Mutual Funds as the name suggests are funds where there is no intermediary like an agent or your bank RM selling you the fund. You directly invest through the fund house or a few websites that offer to invest in Direct Mutual Funds. Mutual funds charge an expense ratio that is an annual fee [...]
Do you know any mutual fund which has given such a great return, no? Well, there is this small-cap mutual fund that has given this supernormal returns. Quant Small Cap Fund has given an amazing return of 169.8% in the last year. The benchmark S&P BSE 250 Smallcap TRI has appreciated 106.25% in the same [...]
The Richest Man in Babylon was written in 1926 but it still holds a lot of relevance! Almost everything that is written in this book will help you save good money and create enormous wealth. The book has a simple solution to create wealth and yet these solutions might look difficult to implement. I have [...]
Wishing you a very happy new year! 2020 has taught us several things – Life is short. Jobs are temporary. Health is the real wealth. And we should always save money. Importance of emergency fund! Did you always want to fix your finances? Here is an opportunity for you. I have noted down 30 important [...]