15 March 2019

Responsible Netizen




This Sunday i.e. on 17/03/2019, our Investment Guidance cell in association with Janakalyan Sahakari Bank has organized a presentation on the subject "Responsible Netizen", by Shri Unmesh Joshi, an expert in this field, at Gokhale Sabhagriha, 1st Floor. The presentation will start exactly at 10.00am as is our usual practice and conclude at 12.30noon.

You are aware that now a days we use the internet for many transactions. This program will guide us about how to utilise the internet safely and securely.


11 January 2019

Finance Fair – 2019



Lokmanya Seva Sangh, Parle
P.V.Bhagwat Investment Guidance Cell
Presents

Finance Fair – 2019

12 & 13th January, 2019 13TH

Enrollment
Registration Charges (For Both the days)
For Students - Rs. 100/- (on presenting ID Card)  and for others - Rs. 300/-

For registration and more information, please contact our "Happy to Help Team"
Mr. Anil Londhe - 92235 40266. Mr. Santosh Lagu - 99208 10753,  Lokmanya Seva Sangh Office (2614 2123 or 2614 1276)

Venue : P. L. Deshpande Hall, Tilak Mandir, Vile Parle (E), Mumbai – 400057

Saturday, 12th January, 2019

09:30 AM to 09:45 AM                    Registration

09.45 AM to 10.00 AM                    Welcome address by CA Ashok Dhere

10:00 AM to 10:45 AM                    Mr. Vikram Limaye, MD & CEO - NSE
          "NSE as a Platform for Capital Market"

10:45 AM to 11:00 AM                    Words from Chairman, CA Mukund Chitale

11.00 AM to 11.15 AM                    Tea Break

11:15 AM to 12.15 PM                    Mr. N. Hariharan, Chief Gen Manager - SEBI 
         "SEBI Is your Friend, Philosopher and Guide"

12:15 PM to 01:15 PM                    Mr. Girish Kulkarni
        "Insurance, Misconceptions, Pit Falls and Regulatory Guidance"

01.15 PM to 02.00 PM                    Lunch break

02:00 PM to 03:00 PM                    CA Chandrashekhar Vaze
        "Ancient Economics and New Investment"

03.00 PM to 03.30 PM                    Tea break

03:30 PM to 05:00 PM                    Mr. Vasant Madhav Kulkarni, Independent Consultant
         Mr. Ajay Bodke, CEO & Chief Portfolio Manager (PMS) -                     Prabhudas Lilladher. Mr. Rajesh Patwardhan, Chief Marketing               Officer  - LIC MF "Mutual Funds Panel Discussion"

Sunday, 13th January, 2019        
               
Time                                                Name of Speaker
               
09:30 AM to 10:00 AM                  Registration
               
10:00 AM to 11:00 AM                  Mr. Mrugank Paranjape, MD & CEO – MCX
        Commodity Market and Capital Market

11.00 AM to 11.15 AM                  Tea Break

11:15 AM to 12:00 PM                   Mr. G Padmanabhan, Chairman - Bank of India
        Bank NPA and Capital Market

12:15 PM to 01:15 PM                    Mr. Manoj Sathe, Vice-President – NSDL
         One Stop Depository - Financial Products

01.15 PM to 02.00 PM                    Lunch Break

02:00 PM to 03:00 PM                   Dr. Abhijit Phadnis, Financial Consultant
        Mutual Fund SIP - Myths and Reality

03.15 PM to 03.15 PM                   Tea break

03:15 PM to 04:15 PM                   Mr. Ashish Sethiya, Head Business Development, Principal MF
        Growing Wealth with Mutual Funds

04:15 PM to 04:45 PM                   CA. Upendra Kulkarni,
        Investment Banker Methods of Equity Selection

04.45 PM to 05.00 PM                   CA Ashok Dhere
        Summary, Prizes and Gratitude

28 August 2017

Systematic Withdrawal Plan - SWP



What is SWP?

In simple terms SWP is the exact opposite of SIP.
In a SIP you invest in instalments or EMI and create a Lump sum, in a SWP, you invest a Lump sum and withdraw in Instalments or EMI.

Let us take an example:
Say, I have Rs.15 lakhs Lump sum. I invest the amount in a Debt Fund of a Mutual Fund. A Debt Mutual Fund invests money in Bonds and Wholesale Bank Deposits (CD) and hence is able to give a certain return without volatility. Though returns are not guaranteed, a certain rate can be assumed-in the current circumstances, let us assume 8% annual return. This means the monthly return is 0.6667%.

Let us assume that I instruct the Mutual Fund for a SWP of 10000 every month – this comes to 0.6667%. In other words, what I get as a return, I am withdrawing every month-so my principal amount remains the same.

Instead of investing in a bond fund , I can also invest in a Balanced Fund where returns could be 12-13% per annum, or Equity Fund giving 15-16 % - for a long term horizon like 5-10 years. However, this return could fluctuate in the short term of 1-3 years. If I need a guaranteed post-retirement I can remain invested in the Balanced/Equity Fund for the long term while going in for Systematic Withdrawal on a monthly basis. My monthly withdrawal amount needs to be aligned with the type of Fund that I am initially investing in.

What about Taxation?
Debt funds will be subject to short term capital gains (at the rate of your Income Tax) for a period upto 3 years and long term capital gains beyond 3 years (20 % after indexation)

Balanced and Equity Funds will be subject to short term capital gains tax of 15 % upto 1year but are
exempt from tax beyond 1 year.

Let’s take an example:

Fund : Debt Fund
Invested Amount 15,00,000
Investment Date 1/1/2017
Date of 1st Withdrawal 1/2/2017
Assumed Annual rate of Return: 8%
Monthly Rate of Return: 0.6667%
SWP Instalment : 10000/ month
Income Tax Rate 10%

Date
NAV
Amount Withdrawn
Units withdrawn
Balance Units
Capital Gains
Capital Gains Tax
Value of Balance Units






10%

01-01-2017
10


150000



01-02-2017
10.067
10000
993.377
149006.623
66.228
6.623
1500001
01-03-2017
10.134
10000
986.798
148019.825
132.018
13.202
1500001
01-04-2017
10.201
10000
980.263
147039.562
197.372
19.737
1500002
01-05-2017
10.269
10000
973.771
146065.791
262.294
26.229
1500002
01-06-2017
10.338
10000
967.321
145098.47
326.785
32.679
1500003
01-07-2017
10.407
10000
960.915
144137.555
390.849
39.085
1500003
01-08-2017
10.476
10000
954.551
143183.004
454.489
45.449
1500004
01-09-2017
10.546
10000
948.229
142234.774
517.708
51.771
1500004
01-10-2017
10.616
10000
941.949
141292.825
580.507
58.051
1500005
01-11-2017
10.687
10000
935.711
140357.114
642.891
64.289
1500005
02-11-2017
10.758
10000
929.514
139427.6
704.862
70.486
1500006












Total Capital Gains Tax

427.6





Prasad wagle 

Financial Advisor