Fintellect

Tennessee Williams once famously said: “Ignorance of mortality is a comfort.” While ignorance is indeed bliss, it’s also a comfort that people with loved ones and dependents, cannot afford to have. In today’s post, we’re going to look at the importance of estate planning, as well as the benefits of designating heirs for your assets in case of your untimely demise. While the word “estate” might mislead readers to think this is only for large landowners, estate planning is for anyone who has assets that they would like to leave behind for loved ones or dependents. The main goal here is to make sure that all your assets are distributed as per your wishes, while also minimizing taxation on whatever you leave behind.  Additionally, estate planning isn’t just about distributing wealth and you can also delegate responsibilities like in the case where you have children, you can delegate a legal guardian to care for them in case fate doesn’t permit you to. Protecting what you leave behind f...

In today’s post we’re going to take a quick look at a new fund offering called Aditya Birla Sun Life Multi-cap fund, along with a summary of its investment philosophy and key benefits. A multi-cap fund is an equity-oriented mutual fund scheme that invests across market capitalizations. What’s important to note here is that markets regulator Securities and Exchange Board of India (SEBI) on September 11 announced changes to the constitution of multi-cap funds. According to the new constitution, these funds are now required to invest a minimum of 75 percent of their total assets in equity and equity-related instruments, as well as a minimum of 25 percent each in large, mid, and small-cap stocks. In reference to this update Mahesh Patil, Chief Investment Officer, Aditya Birla Sun Life AMC, was quoted stating: “The economy is expected to grow at a much faster rate in the next three to five years. Many small-cap companies are expected to report healthy earnings growth, making them good inve...

Greetings, In case you missed our previous post on systematic withdrawal plans, we’ve linked it here so you don’t miss out! Greek physician Herophilus (325-280 BC), the father of anatomy, credited with the first ever scientific human cadaveric dissection, and arguably the greatest anatomist of all time wrote: “when health is absent, wealth becomes useless.” Fast forward to the 20th century and Mahatma Gandhi (1869-1948) famously said: “it is health which is real wealth, and not pieces of gold and silver.” While the timelines involved here are drastically different, what rings true across the centuries is the comparison between health and wealth, and the realization that one is quite useless without the other. While both the distinguished gentlemen mention above hit the nail on the head while asserting that the pursue of wealth at the cost of one’s health is a rather useless endeavour, in today’s world, both are equally important. The connections between financial, physical, and mental...

  Greetings, We hope you found our previous post on ESG funds both useful and informative. If you haven’t had a chance to read it yet, we’ve put it here so you don’t miss out! A steady cash flow is the most important aspect of any retirement plan, and a lot of people look to Mutual Funds to either create or supplement a regular income. While a number of schemes exist that provide monthly or quarterly dividends, these are completely dependant on profits and hence cannot be classified as guaranteed returns. This is where SWPs or systematic withdrawal plans step into the picture and provide investors with a tax-efficient way to maintain a guaranteed cash flow while also outperforming a fixed deposit.  Disciplined withdrawals A lot of people talk about discipline while investing, but not many about discipline while withdrawal which is an equally important aspect of maintaining a steady cash flow post-retirement. An SWP helps maintain discipline during withdrawal by redeeming a fi...