HDFC Bank’s annual revenue 22 billion USD….indian Fintech industry’s revenue 20b USD…. I love how every startup founder in fintech just ridicules hdfc… IMHO take a bow deepak parekh , keki mistry and aditya puri…you men have created a legend
@parsh_kothari
One thing that ppl fail to understand is that india is price sensitive, it’s wrong. You can sell the largest vaule of gold jewellery in india & find it difficult to sell designer fake jewellery…. India is an extremely value sensitive market… ROI approach is part of growing up
Did you know? Investor wealth of ₹82,025 Cr is lying idle in unclaimed accounts
Even at 6% p.a. interest, people in our country are losing out on ₹4,900 Cr p.a.
This is ₹14 Cr every day📉
Here's how to track your unclaimed assets like MFs, savings a/c bal. etc.
A thread🧵
Insurance industry paid ₹52,818 Crores in Commission in FY22
IRDAI has asked insurers to come up with "Zero Commission" Insurance products
Here's how this will lead to massive savings for the common man
A thread🧵👇
@VishalBhargava5
💯 the biggest reason of premium for hiranadani are
- garbage & illegal hawker free streets
- illegal parking free streets
- clean public gardens
- functional street lights
- undug internal roads
- adequate water supply
😂😂 all of this shld be part of municipal offerings,
@Akshat_World
This will soon be reality….Form 16 will be reduced to TDS reporting and direct tax filing will be mandatory… india will see 100% growth in tax filiers in few yrs from now
Your subconscious mind will attract you to people with the same set of problems as yours.
The hack is to be with people who have solved those problems!
Up to 25 - Educate yourself
25-35 - Experiment & Explore
35-45 - Execute
45-55 - Expand
55-65 - Exit
> 65 - Enjoy and give it all back
Life is about doing all this with childlike enthusiasm and staying joyful.😀
Currently in India, financial planning is all about investment planning.
Financial planning without liabilities planning is like working out without the right diet planning.
Did you know?
India became the first country in the world to cross the $100 Billion mark in remittances🤯
Here's why NRIs are the backbone of the Indian Economy🧵
For all the super analyst investors who line up to invest in Amazon, Apple & Alphabet today & rejecting zomato for its loss. This is Amazons’s balance sheet from 1999-2003 cumulative loss of ~2.8 billion dollars before making 35 million in 2003.
@zomato
@zomatoin
Feeling deeply humbled as I share the release of my first book, 'Fintegrity'!
Discover the secrets to financial success without sacrificing integrity. Inspiring journeys of seven incredible finance entrepreneurs. 🙏
Available on Amazon 📖
#Fintegrity
India’s Gross Domestic Product (GDP) growth has been reported at a 22-year high of 8.7%. India outperforms major economies.
Though GDP is an important measure, it may be a poor way of assessing the health of an economy.
A thread
It only takes one person in your family to think about money differently and put a plan in place to create wealth that will carry on for generations.
BECOME THAT ONE PERSON
99% of the worst case scenarios we over think of, never happen !
Thoughts become action and action shapes future …be mindful of what you thinking about ☮️
5 things not to pass on to the next generation
👎Debt
👎Assets without nominations
👎Unpaid taxes
👎Legal litigations
👎Loans to be recovered from friends and relatives
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give.
– William A. Ward
I see many posts that mention Mamaearth is raising ₹400 cr from its IPO.
This is partial information and misleading.
So to mention - the approx size of IPO could be a whooping ₹9000 cr.
Here is how:
@join2manish
@BahlKanan
Feeling sad by mental instability of the guy barking….imagine the kind of trauma he must have gone through to become so unaware of his own actions…BFSI industry is one of highest employing one in india…its time orgs look into the kind of humans they are creating…
@AdvAshutoshBJP
Left half way 8yrs back looking at the way general queued ppl were treated, while we were being escorted for vip darshan due to a favour from an influential friend 🙏🏻
Never went again, aisa darshan se apne EGO ka darshan hoga, bhagwan ka nahi
Taxation process is changing rapidly as we may cross ~9 crore ITR filing this year
Asset classes such as Foreign Equity, Cryptos have made it complicated
Critical tax filing aspects you need to know.
A thread🧵
End of the financial year is to review your existing portfolio.
Beginning of the new financial year is always the right time to start over and begin on a blank canvas.
Nifty has Never given negative returns for 5 years and 10 years in rolling returns. 5 yr CAGR is 14% and 10 Yr CAGR is 13%. Short term trends should not cause panic ! ( Excluding Dividends )
Many founders are trying to solve problems faced by them and their close circle of 200 people as a business problem. India is a land of many demographics. Spend time in understanding it before making a product for 🇮🇳
Sharing from personal exp of past ✌️
A message for all Gen Z, we are all a product of politics.
Be mindful of what you stand for, being indifferent today will make you insignificant tomorrow.
5 everyday habits to attain a peaceful & fulfilling life
1. No phone📵! 30 mins before sleep & after waking up
2. Daily two 15 mins meditation breaks🧘
3. Declutter your work desk & bedside table
4. 30 mins daily, speak with your loved ones
5. Sleep well, not more or less😴
Ram is also referred as the source of energy and hence said “कण कण में है राम” (There is Ram in every atom).
Einstein saw it as it was E=MC2
Separate spirituality from religion and you shall find science in it.
If you are a retail investor, no fund manager will ever tell u this…but NPS is the best investment option!! MF sahi hai par NPS best hai…do not invest in Direct equities before u invest in NPS… the risk adjusted returns of NPS is unparalleled
@ravihanda
@Puneite_
Ppl need to understand two things here
- Not every dog is supposed to be domesticated
- when hunting breeds like german shepherd, bulldogs, great dane and many more are not easy to domesticate and need high training, when these dogs are left open to mate with strays the cross
Celebrating the launch of my first book, 'Fintegrity'! 📖
It has been an incredible journey to bring these remarkable stories of seven finance entrepreneurs that are bettering the lives of millions, guided by their deep commitment to the value of integrity in finance.
Thank you
As an entrepreneur, everyone must have tried/ thought of using celebrity power to market their product.
But is it worth the hype?
A thread on celeb-run businesses & why they fail🧵👇
72% of finfluencers that you are following on Social Media are not skilled (Src: Swiss Finance Institute Research Paper Series)
Study also reveals that finfluencers who don't have proper skills have more followers than skilled ones.
Let's understand this. A thread🧵👇
To become financially independent, you must turn part of your income into capital; turn capital into enterprise; turn enterprise into profit; turn profit into an investment, and turn investment into financial independence.
- Jim Rohn
A salaried person making ₹100 would need to pay ₹30 of taxes and then invest ₹70.
However, while investing in NPS you save this tax of ₹30 and end up investing 42.86% (₹30/₹70) more.
But is NPS right for you?🧵👇
@GabbbarSingh
Maths tutions 10-15k per month for 5th to 9th grader is very normal but how many parents spend 10k per month on sports or fitness for their kids ? Not even 1-2%…. We are a nation who earns money at the cost of health, we have glamourised that…. Even adults will spend lakhs on
India is now the world's 5th largest economy. 🇮🇳
Let’s take the win in spite of talks about India being way behind when it comes to GDP per capita.
Let’s understand what it all means.
A thread🧵
Unpopular opinion: The best investment in your 20s is not-
❌Mutual Funds
❌Stocks
❌Bonds
It is-
��Your Health 🧘
✅Your career 👨🎓
✅Your relationships ☮️
👉Takeaway: You are your most valuable asset.
@ravihanda
big reason for this is people have started taking their work lightly…. They fell for this YoLo & work life balance so as soon as something worked for them they wld start enjoying the fruits then and there before plucking all of them… you need to make hay while sun shines