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2021-04-05 16:11:49 Managing taxes in the new financial year and many such concerns were addressed in our webinar by CA Arvind Rao. Watch the entire livestream here:

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2021-04-03 08:54:33 Do you think you make investment decisions alone? Believe it or not, your deep-seated mental biases are always at work. Join Kalpen Parekh in this webinar to learn the tactics to cultivate a true investor's mindset.
Live on CRED YouTube today from 6 to 7 pm:

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2021-04-02 14:24:02 Your choice of wealth management strategy is as personal a decision as the clothes you wear or the food you enjoy eating. Picking a fitting investment strategy involves an understanding of yourself - risk appetite, financial goals, value systems and current interest in the stock market.

Hiring a Manager-cum-Advisor
If you value building relationships and consulting field experts– engaging a professional portfolio manager or wealth manager may be the way to go. It puts a human face to the abstraction and intangibility of the stock market. Referring to an advisor gives you the added benefit of customizing your investment plan to fit your goals. It helps you balance your risk better with an added layer of human accountability.

You could also use digital platforms to manage and invest your money directly.

What's your choice when it comes to managing wealth and why? Open / Comment

2021-03-30 16:54:54 What is the Monday Effect - and how does it affect you?

In 1973, Frank Cross shook the world of finance with his paper, The Behavior of Stock Prices on Fridays and Mondays. He showed that average stock market returns on a Monday are substantially lower than average returns on the last Friday. He used the data from 1950 to 1970 - and price movements since then have validated his observation.

A 2011 paper showed that the Monday effect holds for the performance of stocks on BSE and NSE as well. But what explains the Monday effect?

One explanation is that companies tend to dump negative news after trading closes on Friday. When trading reopens on Monday, the market reasonably reacts to the negative news and prices adjust downward.

Another explanation: individual traders sell more than they buy on Monday, and institutional traders are the least active on Mondays.

Individual traders’ greater propensity to sell might be a reflection of their desire to clear up their positions, get liquidity, and take fresh positions for the week. Taken together, the institutional reluctance to participate heavily and the individual selloffs might explain the Monday effect - at least partially. Open / Comment

2021-03-27 11:36:24 Slow fashion is an investment in oneself as well as the larger world. Do you agree? Open / Comment

2021-03-27 11:33:51 Fashion as investment

Fast fashion moves at breathtaking speed. Designs are noticed at catwalks, copied, mass-produced in sweatshops, and exported around the world. Fast fashion trends are planned to go obsolete. The manufacturers want customers hooked on to the latest trends so they will keep buying clothes in a frenzy. Since it’s built to be temporary, fast fashion takes an invisible toll on one’s personal finances too.

The way out is to invest in slow fashion. Slow fashion is a belief that clothes should be built to last. Slow fashion rejects the “low margins, high volume” biz model of fast fashion, and so comes with a higher price tag. But the premium paid upfront is more than earned back with the clothes’ longevity.

People are waking up to the impact of how they dress on the planet - The Sustainable Fashion Forum is in its 5th year now. Open / Comment

2021-03-26 16:01:48 Would you borrow money to buy an expensive dress? Take a loan to buy a phone? Bought a piece of furniture on EMI? For most people that shop online frequently and use credit cards to make purchases, Buy On EMI is a ubiquitous term, one seen floating over products ranging from vacuum cleaners to works of art. Every conceivable item you can think of, as long it costs over a few thousand rupees, is available to you on EMI. A relaxing spa session can be turned into a source of long term stress. ‘How?’ you ask. By taking out a loan to pay for it ofcourse!

What is the most bizarre loan you have come across? Open / Comment

2021-03-25 11:15:14 31st March is looming large. If you think you can do your taxes better, this exclusive webinar will make sure you do.

A distinguished panelist for BloombergQuint's tax segments, CA Arvind Rao has answers to all your tax concerns.

Join the webinar with the know-it-all himself, having 15+ years of practice.


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2021-03-25 10:42:27 There is more to tax exemptions than just investments

From Public Provident Fund to equity-linked savings schemes to ULIPS to tax-free fixed deposits, all these ways are definitely open for tax exemptions. However, are you aware that there are certain expenses that, if incurred, qualify for tax deductions as well?

Consider premiums paid for health insurance. One can avail of an exemption of Rs 25,000 for health insurance premium paid. Be it for yourself or your spouse and dependent children. In case, you pay for your parents' health insurance as well, and in case they are below 60, then you can claim an exemption of Rs 25,000 on their behalf as well. If they are above 60, then the exemption limit extends to Rs 50,000.

Even tuition fees for children. One can claim a tax exemption of up to Rs 1.5 lakh. If you have taken a higher education loan from a charitable or financial organization, you can claim this exemption for 8 successive years beginning from the year you paid interest for the first time. Open / Comment