I want to use Indmoney to do regular US investments. I find the interface simpler than competitive apps. The challenge seems to be the USD INR conversion rate. It could just be the bank spread for IDFC being high I don't know. What do you think? N what is the rate I get post selling USD shares isn't clear. Either way, it's an important factor (for me) if I am losing 1-2% both ways.
Genuine question. The EPF migration is a disaster and there's no institutional or government accountability. A private sector firm will fire every staff responsible for a 40 day outage and counting.
I have in excess of 50 lacs in EPF and it's extremely tax efficient from a near market risk free returns. But the question is in case of an emergency will I get money in time? I honestly don't know any more.
What are you guys doing? Not that I can't withdraw but I am not keen to put a near risk free corpus into mutual funds or FD.
I am trying to understand what happens as n when NSE lists. From whatever I could gather this far:
Pure OFS, very large IPO (about 4 billion USD), money goes to existing shareholders offloading or exiting
Price around 2020, 45 PE so definitely discount to BSE n MCX
Listing pop expected
BSE definitely gains as NSE has to list on BSE. Will definitely make it to Sensex and a number of other BSE based ETFs.
NSE can't include itself in Nifty or other NSE indices
Eventually NSE will be in F&O. Reasonable trading volume expected in BSE. Eventually though.
NSE has a history which is fairly dark. Pun intended. Not that it should matter valuation but just putting it out there.
Net net NSE listing definitely gets BSE better volumes but does it hamper it's valuation? Jury's out on this one, let me know what you think.
This keeps coming up in one out of every three conversations I have with younger people. Here are a few tips I have learnt over time. Works well.
Be prepared for emergencies if parents are over 65. Half the battle is won right there. Even if you can't eventually win, at least the mental preparation will help you fight.
Keep a certain percentage of your investments pledged with someone like Tata or Bajaj or Volt Money and have an overdraft account ready. That way you don't scramble for money when the sudden news comes in. At the same time you are not paying EMI, not unless you have utilised some money from this account anyway. Your mutual funds are meanwhile quietly compounding.
Keep at least 2 credit cards handy from 2 different providers. At least 4-5 lacs credit limit each if possible but at least 5 lacs in total.
Get your parents health insurance early. The problem is many don't think they will ever die. Until the emergency kicks in. N those who do have health insurance barely put in 5 lacs. Nothing is doable in 5 if something like cancer hits.
Before taking any employment check with employer parent health insurance, premium cover, support for existing diseases etc.
Get parents health insurance with a critical cover. Especially if your parents are in the 50s premium will still be reasonable and critical illness cover will go a very long way.
Ayushman Bharat if it's available in your state
6 month semi annual health checkup is a solid idea. If not possible go for a yearly checkup. A lot of health insurance providers have this as a free add on. Extremely good value. In particular check for bio markers like PSA, Homocysteine etc