Sunday, November 20, 2016

HOW BLACKY IS GETTING CONVERTED INTO WHITEY

BLACKY is by the way person with huge Black Money.
WHITEY is the person with ONLY White Money (like Me!)

Let me admit, the Heading was only to ATTRACT you to get you to come to this page and read the article!!

But, I promise that once You read the article, you will like it. 

rupee-2000-notes



So, here goes......

But, before that. let me clarify...




This article is NOT intended to give you IDEAS on how to covert Black Money into White Money but only showing the way that people are using various methods to do so.

Loopholes are many and I only hope that the Authorities wake up to these loopholes and get the same addressed.

This article is intended to bring to the notice of IT officials and the Govt how various methods are being used by people post Demonitisation. 

If you are a BLACKY, You are strongly requested to contact your Chartered Accountant, Declare the Concealed Income and pay the tax. 


Indians are genius when it comes to creating Black Money. 
The Dramatic Demonitisation announcement by Prime Minister Mr.Narendra Modiji pulled the Carpet from all these kinds of people. 
But, the Juggad people have found ingenious ways to STILL convert and this is what they are doing. 

1. BOOKING AND CANCELLING TICKETS : 
Blackies book Train, Airplane Tickets by using Old Notes. 
And, on a future date, they simply CANCEL the Tickets. 
They get back their Money after a meagre CANCELLATION charges. 




2. FORMING A NGO : 
Some ingenious people have come together to form NGOs. 
These people are giving their relatives/friends their BLACK MONEY and asking to DONATE the same to the NGO. 
NGO may get INCOME TAX EXEMPTION and their money is converted from BLACK TO WHITE!!

3. REVIVING A LOSS MAKING COMPANY : 
Some people are giving FALSE BUSINESS to loss making companies and these companies in turn, show NO PROFIT NO LOSS type of Income, convert black to white!

4. FIND PEOPLE WITH LOW CASH IN BANK. 
Blackies (thats what I call them) also find people with Low Cash in their Bank Account,...(these are typically Maids, Clerks, Coolies) and deposit Cash into "their" account and later take back the amount giving a small portion to these people. 
Both parties "Kush" and BLACK IS CONVERTED INTO WHITE!!

5. BACKDATING FDs : 
Some Co-operative Banks are doing this...(though they seem to have stopped now)....
Blackies give OLD notes to these Banks (with a CUT to the Bank Directors), get Back Dated FDs and then get back WHITE money after this FD is matured. 

6. TEMPLE DONATIONS :
Many rich people are "donating" huge sums of Money to Temple. 
The Temple Trustees will show this money as HUNDI collections (or Anonymous) and exchange it for NEW notes. 
Later, they return it to the DONOR in a different format, of course, after taking a Cut/Service Charge. 
The Government has already clarified that the Cash from HUNDIS will not come under TAX SCANNER. 

7. AGRICULTURAL INCOME :
Blackies simply catch hold of Farmers and these "Farmers" declare that he got the money by selling the produce in Mandi before Demonitisation and exchanges with the Bank. 
And, our Blacky is converted into Whitey!

8. PAYING UTILITIES BILL IN ADVANCE : 
Since the Utilites like Power, Water are accepting Old notes...Blackies are paying not only this months bill but some Genius Blackies are paying upto 1 year of Utility Bill IN ADVANCE. 
Thus the Blacky becomes Whitey
Same goes with Municipal Taxes (in Bangalore, BBMP taxes are accepted with Old notes....some Blackies are paying even Next year's taxes)!!!!!!!

9. BUYING PETROL/DIESEL in Bulk. 
Some Blackies are not even leaving the Petrol Pumps!
They are not only tanking their Cars FULL but also their Friends/Neighbours Cars and also storing Petrol/Engine Oil in Bulk by paying OLD NOTES and thus getting converted the Blacky into Whitey!!

10. ADVANCE TO EMPLOYEES : 
Blackies have suddenly become the BEST employees to work with.
They are paying ADVANCE SALARIES to their employees WITHOUT INTEREST.
Some of them are even being paid 6 months salaries in Advance.
Wah! Kya Dayavaan Hai yeh BLACKY!


BE WARNED!
You may "manage" to get some portion of your BLACKY converted into WHITEY but YOU WILL BE CAUGHT.
If not today, tomorrrow.
If not tomorrow, sometime definitely in future. 

The BEST option would be, DECLARE THE CONCEALED INCOMEPAY THE INCOME TAX&SLEEP BLISSFULLY. 


What more can be more satisfying than a Blissful Sleep. 

Just go back and check whether you were sleeping Blissfully, with Tension or Had No sleep on the night of 8th November and you will get the answer!

Best of luck, 
Srikanth Matrubai



PERSONAL THOUGHTS :
The Demonitisation is the BEST thing to have happened to India post Independence. 
The short term pain will be definitely be there but the benefits in the Medium Term to Long Term will be huge.
It could expand the GDP by 1% minimum. 
Good time to increase your SIP allocation. 

Do consult your Financial Advisor


Acknowledgements : 
http://www.huffingtonpost.in/2016/11/13/13-ways-in-which-indians-will-convert-their-black-money-into-whi/





Tuesday, November 1, 2016

READ THIS BEFORE BUYING A CAR

Image result

Buying a car v/s uber
Any car  in india cost atleast Rs 6,00,000
Scrap value after six year  -    Rs 1,00,000
Net amount goes in effective
Life of six year                          Rs  5,00,000
Nos of days of six yr is 2200 days

So Rs. 5,00,000/2200        = Rs.   230 /day
Yearly insu Rs 15000        = Rs       41/day
Daily petrol      minimum   = Rs    100/Day
After every 3 yr tyre &
Battery change charge
Rs 25,000  i.e.                      = Rs. 23/day
Yearly maintanance of
Car Rs 9000 i.e                    = Rs  25/day
If driver employed ( bcas)
Uber comes with a driver   =Rs 300/day
Plus interest loss on
Car buying amount
@8% on Rs 6,00,000           = Rs 131/day
                                           _
So total daily exp is
After buying new car         = Rs 850/day
                                           ------------------------
So friends untill you pay Rs 850 daily to hire a cab you are effectively in gain travelling in uber. If u agree share for the benefits of all.
This is called financial planning.........



As you scale up Financially, you start adding latest gizmos too..The latest i- 
phone, the latest laptop and obviously the next on your radar would be the  
BRAND NEW CAR (sometimes, even a High End Second Hand Car)  



Having your own Car obviously shows to the World that YOU HAVE ARRIVED!!  




But, have you truly??? 


 Is it worth buying a Car just to show off?  

Is it financially prudent decision??  

Just like buying a Smartphone brings with it loads of accompanying recurring  
expenses like Data Plan, App Service Fees, etc and thus force you to do  
research before buying one....  

Same goes towards buying a Car too...  

Buying a Car brings with it loads of recurring expenses like Regular Servicing,  
Annual Insurance, Parking, the Regular repairs and not to forget Depreciation  
too.  

  

True, there are hordes of Ads all over the place luring you...  

Low Rates, Longer Warranties, Higher Mileage, Promised Buyback, etc.  

  

So, before heading off to purchase your New Car consider the following:  

1. Do you have any load to clear off ? (Education, etc) 
2. Do you have a Secure Job? 

3. Do you have a BIG expense coming up (your marriage, perhaps?) 

4. How many times you will be taking out the Car.... (Are you buying the car to 
show off or do you really NEED it)  




  

And, last but not the least......  

Do not forget this is the era of Door Services and hence just a click of a button,  
you have a chauffeur driver Cab (Uber/Ola) on your doorsteps to serve you at  
very nominal rates.  

  

  

For your information, a recent article in www.fastcoexist.com revealed that  
there was a almost 30% drop in the number of cars purchased by people aged  
18 to 34 in the US!  

Remember, CAR is ultimately a Tool to travel and not an Aspiration, especially  
for those who have just started earning.  

First earn your Millions and then think of a Personal Car.  

I personally do not own one. Many of my Advisor friends are shocked and ask  
me “What will your clients think about you”  
I reply “My client comes to me for my Knowledge not to look at my Means of  
Transport”  

  

And, moreover for me, REAL VACATION is not driving for many hours, hundreds  
of miles in my car with full of stress.....I would rather relax and enjoy the  
Shatbadi Train Journey or the good old Volvo A/c Bus without having to worry about navigating the Traffic!!!  
  

Wednesday, October 26, 2016

My thoughts

Please do read my interview published in NextLevel Ambition and give your valuable feedback
http://nextlevelambition.com/shrikanth-matrubai/

Tuesday, October 18, 2016

Sensex is down 5% but your MF may not be so...How?? Find out




Dear Investor,

Sensex has touched all time high of 29,045 on 8th September 2016 closing, as far as this year is concerned. From that level till yesterday it falls 1,516 points which is -5.22%.


In the same time, BSE Midcap falls only -1.24%, whereas BSE Small cap delivered 2.27% higher.

This will be hardly noticed by the common investor, some of our IFA community as well.

Markets are always dynamic and if somebody keep looking at the number, they will be in a better position to understand what is moving and what is not, which is very important when it comes to fund selection.

I have listed down 50 funds across the category which is normally advised by many of my IFA friends.

Fund
Returns
Reliance Small cap
3.09%
DSPBR Microcap
2.84%
L&T Emerging Business
2.74%
MOSL Focused Long Term
2.48%
L&T Midcap
2.16%
Sundaram SMILE
1.66%
Mirae Emerging Bluechip
1.62%
Kotak Midcap
1.28%
BSL Pure Value Fund
1.23%
DSPBR Small & Midcap
1.09%
BSL Equity
0.94%
Invesco Mid N Small
0.76%
L&T India Value
0.73%
Sundaram Select Midcap
0.68%
Franklin Smaller Co
0.62%
Mosl Midcap 30
0.19%
UTI Midcap
0.09%
Principal Emerging
-0.04%
IDFC Sterling
-0.24%
SBI Magnum Balanced
-0.25%
Mosl Multicap 35
-0.26%
Franklin Prima
-0.34%
DSPBR Balanced
-0.34%
HDFC Midcap Opp
-0.50%
IDFC Premier
-0.79%
L&T India Prudence
-0.93%
BSL Balanced 95
-0.99%
HDFC Prudence
-1.09%
ICICI Pru Balanced
-1.14%
Tata Balanced
-1.35%
IPru Balanced Adv
-1.54%
ICICI Pru Multicap
-1.31%
DSPBR Equity
-1.70%
Reliance Reg Savings Bal
-1.71%
IDFC Classic
-1.72%
IDBI Diversified
-1.74%
SBI Bluechip
-2.11%
Franklin Balanced
-2.56%
Mirae India Opp
-2.63%
HDFC Equity
-2.85%
DSPBR Focus 25
-2.92%
Franklin Prima Plus
-2.93%
UTI Opportunities
-3.12%
HDFC Top 200
-3.21%
DSPBR Top 100
-3.25%
BSL Frontline
-3.29%
IPru Value Discovery
-3.43%
Franklin Bluechip
-4.00%
IPru Focused Bluechip
-4.01%
IPru Select Largecap
-4.02%

Some Interesting Observation

1. Small cap and Microcap fund has delivered more return than small cap index, though mentioned funds are not exactly belonging to this index.
2. Midcap index is down by -1.24%, whereas many midcap funds delivered positive return.
3. Sensex falls -5.22%, all the large cap fund falls lesser than the index.
4. Balanced fund delivered FLAT to -1.5%, which is very good as far as, those who seek monthly cash flows are concerned.
5. Multi cap protected downside as well as delivered good returns. Somebody wants stable return.
6. ICICI Pru Value discovery is lagging compared to BSL Pure Value and L&T India Value Fund. BSL and L&T is continuously getting momentum in that category! One of the reason could be size, it is always debatable.
7. When am writing around 9.30 am today, the market is already 200 points up. As long as your waiting period is 3 plus years, don't bargain for minimal correction, sometime you were forced to buy at high level or you will never buy also!
8. Still small cap are trading at discount to the 2008 peak and everyone is worried about the valuation. More than the cap, stock selection is the key. Many fund houses have increased their research analyst head count in the recent past.
9. Rise and falls are very quick in the bull market, instead of looking for news, micro and macro data, numbers at various point will give you better clarity I believe. This data will help you to do lot of strategy going forward.
10. Last, but not the least "No fund manager is keeping the same stock for longer years in their portfolio due to volatility of the stock performance. In some cases, if it grows bigger than they expected they have to reduce their weight to comply regulation. In some cases, they have to match their performance with the peer group. These kind of data really helps to take better informed decision than ever before.





I thank Mr.
B. Padmanaban, CFPCM 
of www.fortuneplanners.com  for his help in generating the article. 
--


Srikanth Matrubai,   CEO, SriKavi Wealth 

photo
Mobile: 9972520155


Friday, October 14, 2016

Don't delay your Investment

BEFORE INVESTING KNOW THIS...
The cost of delaying your savings/investment is deadlier than even inflation.
The earlier you put your money to work, the more it earns for you. The earlier you invest, the earlier your money starts working for you.
So, instead of investing more money later in your life, invest small now to achieve the same desired target corpus.

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