Financial Freedom

29/02/2024

household Finacial Flows between FY 21 to 23 shows ( Source : The RBI )

Households put

- Rs 31,64,910 Cr (36.8%) in Bank Deposits

- Rs 17,28,331 Cr (20.1 %) in Pension / PF

- Rs 15,69,373 Cr (18.2 %) in Insurance

- Rs 889,253 Cr ( 10.3 % ) in currency notes.

- Rs 683,113 Cr ( 7.9 %) in Small savings

-Rs 4,03,772 Cr ( 4.7 %) in Mutual Funds

- Rs 110,183 Cr ( 1.3 % ) in Equities

- Rs 52,872 Cr ( 0.6% ) in other assets

Few things which are noticeable

Households are conservative investors
- 94% of flows goes towards fixed income
- equity gets paltry 6 % of flows

House holds prefer convenience over return
- higher yielding small savings gets 1/5 th of lower yielding Bank deposits

House holds prefer predictability over volatility
- predictable asset classes gets 16 times more flows than volatile asset classes

Household are earning below Inflation return on most of their portfolio
- No hope for generating real return / better than inflation as 10 % allocation is in currency notes which yields zero and 84 % to low yielding fixed Income.

Households prefer convenience / tax avoidance over return
- asset class like cash which helps in convenience / tax avoidance gets more than double flows than high return asset class like mutual funds.

If Indians have to become wealthy and financially secured than financial literacy is must among households whereby
- They invest for Real Return
- They take volatility in stride
- They prefer paying tax and generate higher yield

At Kotak MF we have made a small attempt to light candle to dispel the darkness in collaboration with CBSE in imparting financial literacy to 75000 + teachers ( majority women teachers ) across 100 + locations over 1000 + physical events.

PRAY THAT EVERY INDIAN IS FINANCIALLY SECURED WITH BETTER FINANCIAL LITERACY

# I got chance to contribute in the drive🇮🇳🇮🇳💐💐

17/01/2024

WealthyNinza story coverage in HT media..

Another milestone in our mission to educate 100,000 people to take part in India growth story, make remarkable contribution in increasing financial literacy from 25 % to 75 % making it equal to current literacy rate.

Driving Change: The Rising Top 10 Emerging Indian Businesses Making An Impactful Change

The listicle reveals the game-changers in food, tech, and more, proving India's entrepreneurial spirit is brewing bold solutions for the world

31/12/2023

What Rs,10,000 a month can do?

This family has been investing Rs.10,000 a month since 2007, the year we started our profession. At that time, he had two school going children. Now his children are well settled and he is blessed with grandchildren too. He is nearing 60. But due to nature of his profession, he may still work for another 5 to 10 years. The couple has been not so lucky in their career. Their income never took off but had commitments like any other person; children education, their marriage, taking care of parents in their old age and so on.

He invested around Rs.9 lakhs which came through inheritance in 2014, which he promptly topped up in the existing funds. So far, he has invested totally Rs.30 lakhs. He has withdrawn by now Rs.35 lakhs for his goals like education and marriage of children. He has already withdrawn more than what he has invested. Still as on date his mutual fund corpus is worth Rs.51 lakhs. He expects it to reach Rs.1 crore by the time he retires. He has own house and would be able to support himself and his wife with this amount.

He has invested with the same funds for last 17 years. That should be a record for any investor and his distributor. Though he was unable to increase his contribution, he has never missed even a single installment. When he got inheritance, he bought himself a house and invested the balance in equity funds. So, he started investing in 43 and may stop in 65. This 10,000 a month for 23 years along with Rs.9 lakhs top up has taken care of all his life goals.

And how many of us can stick to the same funds with discipline without skipping even a single installment for 17 years? His amount is small but discipline is large. He is an excellent example of sticking to the discipline and staying the course.

13/12/2023

Prioritize retirement over paying for college...

Cold-hearted? Ruthless? Not if you work with your kid to focus on schools that are a good financial fit. Hint: It's all about the net price— that doesn't require you to raid your retirement account or slow down on your savings. That reduces the odds the kids will need to support you in retirement.
'If only I knew then what I know now, my life would be completely different.'In February 2015, an unforeseen setback cost Vijaypat Singhania, the erstwhile Chairman Emeritus of Raymond Group, the work of his life and his cherished family home. One of India's most legendary industrialists, today he is fighting a battle to recover all that he has lost. In his first and only autobiography, he traces his extraordinary life from an anguished childhood to the many dynamic decades he spent at Raymond and the tumultuous years after. Born into the famed Singhania family, Vijaypat was always expected to take up the storied family business. But not one to be deterred from pursuing his own passions, he also nurtured his love for adventure in the skies and broke two world records as an aviator, served a brief stint as a professor and even became the sheriff of Mumbai for a time. All the while, under his stewardship, the Raymond Group diversified into new segments, with Raymond soon being recognized as one of India's most trusted apparel brands. And then a singular misstep set in motion a grave misfortune… Intimate, candid and deeply moving, An Incomplete Life is in fact a rare glimpse into a life lived to the fullest but marked by the painful sting of regret and heartbreaks.
https://lnkd.in/dx6rFvfM


An Incomplete Life: The Autobiography
An Incomplete Life: The Autobiography
amazon.in

09/12/2023

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09/12/2023

https://youtu.be/h89uOvUDVO4?si=uu9gJjwdq0NHbDsp
*My deep learning from this video*
See if u can learn more
1. They know they have in them. Question – Do you know what you have in yourself?
2. Mrs. B - Real Education is life not in school, no need to do something unique even unique determination can creative million dollar company.
3. Don’t ever retire 😊
4. Jack – You will fail, you need to take risk even with whatever you have.
5. People will turn you down, so what, move to next pitch.
6. Your Creed means you will be big or small. Creed to make fool or delight the customer.
7. You may not necessarily get right at first or 2nd or third time, keep trying.
8. Don’t think too much about news or external factors. Work on your controllables.
9. What can you bring specially to the party – that is your value.
10. Customer delight is everything – day-in and day-out. Customer never forget the experience, they can forget the product and time.
11. You need to learn to multiply yourself – to get your work done with same quality.
12. Work with people better than you are.
13. Don’t partner with people, who need push start themselves. Work with people who are example to you.
14. 99% people fail who don’t take up anything extra and improve their skills.

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09/12/2023

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07/12/2023

Charlie Munger's '3 basic rules for career satisfaction' that he suggested to young people

Charlie Munger had three golden rules that guided his extraordinary career and partnership with Warren Buffett.

12/10/2023

Partnering soon FundExpert by Kotak Securities......Invest with latest technology!

12/10/2023

07/09/2023

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07/09/2023

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We are AMFI registered financial Distributor of Mutual Funds and other Financial Products, with vast experiences in financial industry and serving a large number of happy investors.