MeraFunds

Indian Equity markets have witnessed a roll coaster ride in FY 2018. Nifty is down by 5.37% (till date for FY 2018); Nifty started positively with a gain of +4.72% for the month of Jan 2018, since then the index is down more than 9% over last two months on the back of TDP exit, banking scams, fed rate rise and increased global trade fears. • Are you a long term investor? Equity Investments are suitable for long term investor. Assume you are investing for retirement; kids educational needs which might have an investment horizon of 5-20 years. Should you be really concerned about short term fall. The below chart depicts nifty performance over short and longer time frame.      Investor behavior tends to change based on the market movement. Investor are comfortable holding on to long term perspective when markets are trending up; however, as markets trend downwards, panic sets in. Please note if your retirement is 15 years away, its still 15 years...

Mutual funds are becoming very popular investment vehicle in India. India MF asset under management (“AUM”) has increased from  Rs 3.26 lakh crore as of Dec 2007 to Rs 21.27 lakh crore of Dec 2017. MF AUM has grown 6.5 times or at a CAGR of 20.6% over the last ten years . Indian MF consists of 41 Mutual fund house and have in total of  1,904 schemes as of Dec 2017 . Mutual fund classification helps us to understand the suitability. Mutual fund classification 1.         Based on asset class a.         Equity Funds —Equity funds invests in Equity securities. Equity funds can be further classified into large cap funds, Mid cap funds, small cap funds, Multicap funds, sector funds, thematic funds.  Equity funds have potential to generate a long-term return of 12-20% (depending on the nature of the fund) , however these funds are more volatile and hence suitable for  aggressive investor as we...

Mutual fund’s Systematic Investment plan (“ SIP ”) enables you to build a portfolio over longer time horizon with small investments at regular intervals reducing the risk of market volatility. An individual should save around 30% of the monthly income to secure financial future. This 30% should be used to pay towards debt repayment (if any) and towards  SIP .  SIP  is Similar to that of Bank’s recurring deposit, However offer more flexibility and potentially higher return. Key Benefits of  SIP 1.         Timing the market is not necessary – Sensex returned 27.9% for CY 2017 and up +2.5% (YTD for the first 15 days of CY 2018). Indian Equity markets of late have been on a roll. Many investors have been skeptical about Government reforms initiative be it GST, demonetization, Bank recapitalization and Others have been  skeptical on valuation and are waiting for a correction.  Indian Broad markets (Nifty & Sensex)...

Retirement is an important life events and appropriate financial planning is essential for an stress-free retirement. Majority of people would start paying attention to retirement planning on the verge of retirement. This could be a very costly mistake as insufficient wealth at retirement will lower the quality of retirement life. Key benefits of early investing for retirement 1.         Power of Compounding “compound Interest is the Eight wonder of the World. He who understands it, Earns it & He who doesn’t, pays it”                                                                       ...

Q.1 We have filed online refund and ARN received and what is the next course? Ans: Please submit the print out of RFD-01A with ARN before the jurisdictional authority for processing of refunds. Refer to Circular No. 17/17/2017-GST dated 15th November 2017. Q.2 Are supplies to SEZs to be chargeable to IGST? Ans: Yes, supplies to SEZs are chargeable under IGST Act. However, supplies can also be made without payment of integrated tax under bond or LUT. Q.3 Even after one week our refund application is not assigned to any officer. What to do ? Ans: Please submit the print out of RFD-01A with ARN before the jurisdictional authority for processing of refunds. Q.4 Can the GST paid under RCM claimed as input credit by composition dealers? Ans: No, input tax credit cannot be availed by the composition dealers. Q.5 Can I take mobile GST Input Tax Credit if I purchase mobile in the name of firm Ans: Credit will not be available if goods or services are used for personal consumption,...