Hemant Financial Services

03/08/2025

𝗣𝗿𝗶𝗰𝗲 𝘂𝗽 𝟮𝟲% 𝗶𝗻 𝟮𝟬𝟮𝟱 𝗮𝗹𝗿𝗲𝗮𝗱𝘆: 𝗪𝗵𝘆 𝘆𝗼𝘂 𝘀𝗵𝗼𝘂𝗹𝗱 𝗯𝗲𝘁 𝗼𝗻 𝘀𝗶𝗹𝘃𝗲𝗿 𝗳𝗼𝗿 𝟭𝟮-𝟭𝟴 𝗺𝗼𝗻𝘁𝗵𝘀

The year 2025 presents a promising outlook for silver, a precious metal whose performance has been on a steady upward trajectory. Silver prices, in rupee terms, have already risen by 15 per cent in calendar year ( CY) 2024, and as of year to date ( YTD) 2025, they have surged by an additional 26 per cent. This rise has been largely driven by several macroeconomic and geopolitical factors, making silver an increasingly attractive investment for the foreseeable future.

Going ahead silver prices are expected to be well supported. The medium term as well as long term factors indicate a positive outlook for silver. The US interest rates are expected to follow a downward trajectory for 2025, albeit at a gradual pace. Over the near to medium term interest rates are a critical determinant of demand for precious metals. The geopolitical situation is expected to remain fluid over the near term and the trade policies of Trump administration are expected to encourage safe haven demand.

As US interest rates are expected to continue their downward trajectory through 2025, there will be an increasing shift towards safe-haven assets like silver. With uncertainty surrounding Trump administration policies and continued geopolitical tensions globally, the demand for silver as a store of value is anticipated to rise. Looking at the supply-demand dynamics, the supply of silver has been in deficit for the past four years.

Notably, about 60% of this demand comes from industrial uses, particularly in the booming sectors of electronic devices, solar panels, and electric vehicles (EVs). As green energy technologies gain momentum and EV adoption increases, industrial demand for silver is expected to maintain its strength, ensuring sustained upward pressure on prices with Rs.2 lakh per kg target by 2026 in sight.

13/11/2024

NIFTY -10% from All Time High

Market enters correction zone due to:
- Heavy FII Selling
- Earnings Disappointment
- Trump Victory and USD Strength
- Attractive Valuations in China vs India

However, don't let headlines scare you from the long term benefits of Disciplined Equity Investing!

In last 8 Years, our market has climbed many walls of worries, listing just a few for example:

- Demonetization
- GST Implementation
- Trump 1.0 & Trade Wars
- Wars
- An Unprecented Pandemic
- Severe Inflation & Interest Rate Hike Cycle

Nifty is still up 4X in the last 8 years, and 2X from even Pre-Pandemic Highs in Feb 2020!

Stay the course, stick around and continue the faith in India and the future.

14/06/2024

05/09/2023

If you are a small savings account holder, including Public Provident Fund (PPF), National Savings Certificates (NSC), and others, it is crucial to link your Aadhaar number with these accounts by September 30, 2023. Failure to do so will result in these accounts being frozen.

The Union Ministry announcement on Small Savings Schemes: The Ministry of Communications issued a crucial announcement on March 31, 2023, mandating the use of Aadhaar for investments in small saving schemes like Public Provident Fund (PPF), National Savings Certificate (NSC), or Senior Citizens Savings Scheme (SCSS)—people who have already invested need to give their Aadhaar numbers.

Also, individuals shall submit the Aadhar number and PAN for the purpose of opening an account under any of the schemes in the Government Savings Promotion Act, when certain conditions are satisfied.

In the event of the failure of submission of Aadhaar within the specified period of 6 months, the account shall cease to be operational till the time of submission. Schemes covered by the afore-mentioned Act are PPF, NSC, Post office Time deposits, Sukhanya Samriddhi, SCSS, KVP, Post office monthly income scheme, etc.

Aadhar is to be submitted when-: (i) a depositor has opened an account without submission, within a period of 6 months from April 1, 2023, ie., September 30, 2023 (ii) Aadhar has not yet been assigned, he shall furnish proof of application for Aadhar at the time of opening an account, and the account holder shall furnish the Aadhar within 6 months from the date of opening of account for the purpose of linking.

If someone has an account but hasn't given their Aadhaar number yet, they must do so within six months starting April 1, 2023. This six-month period mentioned in the notice ends on September 30. Therefore, assuming that prior participation shields you from any issues is a misconception. To safeguard your savings account from potential freezing, it's essential to submit your Aadhaar number before the deadline.

The Government of India is instituting this directive to ensure transparency in fiscal transactions and curb illegal activities. Aadhaar, a 12-digit unique identification number issued by the Unique Identification Authority of India (UIDAI), is considered instrumental in this regard. It acts as a key identifier, offering an individual’s exhaustive demographic and biometric details, thereby reducing the chances of fraudulent transactions and money laundering. It is notably an essential cog in the government’s bid to digitalise the Indian economy.

Under the new rules, all account holders, including the beneficiaries of Post Office Schemes, Kisan Vikas Patra, and Senior Citizen Savings Schemes, will have to provide their Aadhaar number and mention it in their respective account details. This rule applies irrespective of whether the account has been established at a bank or a post office. Concerned authorities have jurisdiction over deactivating accounts that stand non-compliant beyond the stipulated deadline.

Why your PPF, NSC, or SCSS account may be frozen: Your small savings account, be it PPF, NSC or SCSS, may face freezing if you do not submit your Aadhaar number to the bank or post office branch by the critical deadline of September 30, 2023. The Aadhaar card serves as a vital document for investing in these schemes, and its absence could hinder their benefits. The bank or post office reserves the right to freeze your savings account until you provide your Aadhaar number within the stipulated timeframe.

If your Aadhaar isn’t linked to your account by the predetermined date, your account will be rendered inoperable. In addition, you will not be eligible for any of the facilities associated with these small savings schemes until the linkage issue is resolved. The failure to link Aadhaar will directly impact access to facilities like loans against these savings schemes, premature withdrawal, and lending.

How to link your Aadhaar: Account holders have several ways to link their Aadhaar numbers with their accounts. They can visit their respective bank or post office, bring their Aadhaar card and passbook, and request the linkage from an authorized official. Alternatively, several banks offer online methods for linking Aadhaar and accounts. Account holders can log into their respective bank's online banking portal, navigate to the option for Aadhaar linkage, input their Aadhaar number, and follow the prompts to complete the linkage.

Consequences of a frozen savings account: The repercussions of a frozen savings account can be dire:

1) Interest that is due will not be credited to your bank account. 2) Deposits into your savings accounts, including schemes like PPF and NSC, may be restricted. 3) Accessing the maturity amount of your scheme using the same account details may become impossible.

26/04/2022

Government changes ITR filing rules to bring more people under tax bracket:

New ITR Filing Rules: The government has expanded the scope of income tax return filing to bring more people into the tax bracket, according to the new Income Tax Return (ITR) filing norms. The new rules have come into effect on April 21, 2022.

As per new changes, if the amount of TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) exceeds Rs 25,000 in a year, then Income Tax Return (ITR) has to be filed. However, the limit of TDS + TCS has been kept at Rs 50,000 for taxpayers who are 60 years or more.

If the sales, turnover, or income in the business is more than 60 lakhs, then the return will have to be filed.

ITR has to be filed even if the income of the professional is more than Rs 10 lakh per annum.

Further, an individual whose deposits in a saving bank account are Rs 50 lakh or more in the fiscal will also have to compulsorily file ITR irrespective of their income level.

27/03/2022

Deadline for seeding one's PAN with Aadhaar card is 31st March 2022. Failing to meet this deadline will lead to one's PAN card becoming inoperative or invalid. Under section 272B, carrying an invalid PAN card may lead to ₹10,000 penalty. Also, one's TDS on bank deposit interest will get doubled.

26/02/2022

𝗜𝗧𝗥 𝗳𝗶𝗹𝗶𝗻𝗴 𝗶𝘀 𝗶𝗻𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗶𝗳 𝗻𝗼𝘁 𝘃𝗲𝗿𝗶𝗳𝗶𝗲𝗱

The last date for verification for AY 2020-21 is 28 February 2022.

The Income Tax department urged tax payers to verify their tax returns for assessment year 2020-21 before 28 February, the last date for the same.

Verification of the tax return either electronically or by sending a signed physical copy of the return filed online is essential as it is a way of declaring the truthfulness of the information reported in the return, a legal requirement.

If a tax return is not verified in time, the return is treated as ‘not filed’ and it will attract all the consequences of not filing tax returns. However, one can request condonation of delay in verification. After submission of such a request, the tax payer will be able to e-verify the return. But the return will be treated valid only after the condonation request has been approved by the tax authority.

Tax returns are usually to be authenticated within four months of filing the return. As a one-time relief, the department in December allowed tax payers to authenticate returns for AY21 by electronic means including Aadhaar linked one time password or by sending the physical copy to the tax department’s centralised return processing facility in Bangalore by end of February 2022.

The extra time to regularise returns was given as a chance to resolve tax payer grievances. When the relief was given, the department had clarified that this relaxation did not apply in those cases, where during the intervening period, the department has already taken recourse to any other measure for ensuring filing of tax return by the taxpayer.

13/02/2022

𝗛𝗼𝘄 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗿𝘂𝗽𝗲𝗲 𝘄𝗶𝗹𝗹 𝗯𝗲 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝗳𝗿𝗼𝗺 𝗰𝗿𝘆𝗽𝘁𝗼𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆

Digital currency or rupee is an electronic form of money, that can be used in contactless transactions. Presenting Union Budget 2022, Finance Minister Nirmala Sitharaman announced that the Reserve Bank of India (RBI) would be rolling out its digital currency soon. The Central Bank Digital Currency (CBDC), RBI’s digital currency is going to be introduced in 2023.

Some people are getting confused between cryptocurrency and digital currency. So are they the same? What is the difference between the two?

The digital rupee will be the digital version of physical cash issued by the RBI and will, therefore, be sovereign backed. On the other hand, cryptocurrencies are not backed by a government / central bank. The digital rupee will be different from Bitcoin, Ethereum and other cryptocurrencies in the sense it will be backed by the government. Secondly, having an intrinsic value on account of government backing, the digital rupee will be equivalent to holding a physical rupee equivalent.

A cryptocurrency is a decentralised digital asset and a medium of exchange based on blockchain technology. However, it has primarily been controversial due to its decentralised nature, meaning its operation without any intermediary like banks, financial institutions, or central authorities. This makes it immune to the government's interference or manipulation. Also, its value is determined by the free market forces and is not linked to any commodities. Thus it does not have any intrinsic value. On the contrary, Central Bank Digital Currency (CBDC) issued by the Reserve Bank of India (RBI) will be a legal tender in a digital form. It is the same as a fiat currency (government-issued currency) and can be exchanged one-to-one with existing currency. A currency will be regarded as a 'legal tender currency for the purchase of goods and services when issued by the country's Central Bank.

Cryptocurrency is privately created and it is a very big threat to the country's macroeconomic and financial stability, RBI Governor Shaktikanta Das had said. People investing in cryptocurrencies are doing so at their own risk and they should be aware that these have no underlying assets, “not even a tulip", RBI governor Shaktikanta Das had said.

08/02/2022

Cyber crimes: Got a call for updating your KYC? Beware!

Online fraudsters are duping unsuspecting people of their hard-earned money in the name of KYC update, .

KYC is a mandatory verification procedure by which banks or mobile SIM providers obtain information about the identity and address of the customers. It is to be completed by banks while opening accounts and is also updated periodically.
In case you get a call asking you to update your KYC (know your customer) details, either for your bank account or SIM card, think twice before proceeding.

The online fraudsters are calling up posing as bank employees or mobile company employees and asking the residents to update KYC. To facilitate the process, they ask their targets to install AnyDesk app, which gives them remote access to the electronic device. It is then used to fraudulently withdraw the money.

To show urgency, the swindlers either tell the victims that their account has been blocked or it will get blocked if the process is not expedited. One should not entertain any such message or call, and not click any web link shared by unknown numbers.

How you can prevent such frauds!

Never share your account details such as account number, login ID, password, PIN, UPI-PIN, OTP, debit card/credit card details with anyone, not even with bank officials, however genuine they might sound.

Do not respond to offers for getting KYC updated or expedited. Always access the official website of your bank/NBFC/e-wallet provider or contact the branch.

Do not download any unknown app on your phone/device. The app may access your confidential data secretly.

Transactions involving receipt of money do not require scanning barcodes/QR codes or entering MPIN. Thus, exercise caution if asked to do so.

Always access the official website of bank/ NBFC/e-wallet provider for contact details. Contact numbers on internet search engines may be fraudulent.

If you receive an OTP for debiting your account for a transaction not initiated by you, inform your bank/e-wallet provider immediately.

Do not share password of your email linked to your bank/e-wallet account.

Secure your cards and set daily limit for transactions. This can limit loss due to fraud.

19/11/2021

Record selling by insiders is setting up stocks for a big fall, says contrarian investor
Barbara Kollmeyer in ET

After a year of record stock buying on Wall Street, the message from forecasters for 2022 has largely been “keep at it.” This week, we heard from Goldman Sachs, which sees households and corporate buying driving the S&P 500 to a 5,100 finish by the end of next year, and Sanford Bernstein, who said buy stocks even if real yields normalize, which it says justifies high valuations.
A contrarian voice has been Morgan Stanley, who is telling clients to resist buying U.S. stocks. From that same neck of the woods, our call of the day from the True Contrarian blog and newsletter’s chief executive, Steven Jon Kaplan, has a warning for investors who have been piling into this market.
“People are really underappreciating the degree of risk that they’re taking because now that we have — especially for the really big megacap names — even greater overvaluation than we’ve had before, the downside risk is extremely high,” Kaplan told MarketWatch in an interview on Wednesday.
While a year ago Kaplan predicted a big selloff that didn’t really materialize, he notes 2021 was “unusual” with stock inflows not seen in 20 to 50 years, depending on whom you ask, that kept markets propped up. So the biggest and strongest companies kept rising and the rest went sideways.
For 2022, he sees those highflying stocks falling hard and possibly panicking inexperienced investors. That is because “anybody who’s 30 years old or younger, the last time we had a bear market, they were in high school or even earlier grades so they don’t even have the experience of knowing what it’s like to invest in a bear market,” Kaplan said.
Among the warning signs, he highlights a favorite indicator of his — selling and buying by company insiders, which he tracks via J3 Information Services Group.
“We’ve had all-time record levels of insider selling meaning that the top executives, the people that are the most experienced investors in the world, have been pretty much spending all year getting rid of their stakes in some cases and unloading huge amounts of shares they have accumulated for decades,” said Kaplan.
For example, the chairman of broker Charles Schwab SCHW who has been selling all year — the stock is up 50% — and of course Tesla TSLA CEO Elon Musk has dumped over $8.8 billion — shares are still up 54%. Billions have been sold by the heads of Apple AAPL, Facebook parent Meta TH:META and Amazon AMZN this year.
“So I think that the people that have the most knowledge are the most worried about a drop and people that have the least experience in some cases, maybe just started trading in the past year or so, consistently, are the most aggressive and the most optimistic about what’s going to happen,” Kaplan said.
“History has shown us that when you have that big a difference in opinion from the most experienced to the least experienced people that the most experienced ones always come out on top,” he said, adding that the opposite has also held true with big insiders buying at crucial moments, such as in March 2009.
One sign that those investors are trying to position more conservatively could be driving dollar DXY gains this year, he added.
As for what it will take to normalize price earnings ratios that are on average about “triple where they need to be,” Kaplan said most stocks would need to drop two-thirds. But “when things are either above or below fair value, and they come back to fair value, they rarely stay at fair value. They normally keep going because when people start to see things dropping a lot, they start to panic,” he said.

10/06/2021

This is an important communication relating to your Aadhar number getting linked to your PAN.

Recent amendments to the Income Tax Rules make it mandatory to link Aadhar to your PAN on or before 30th June 2021. If the PAN is not linked with Aadhar, the PAN shall be deemed to have become inoperative, after such date.