NOW Debt Mutual Funds to be taxed Higher. New Finance Amendment Bill & implications for Stock Market
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- čas přidán 28. 07. 2024
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Indian government has introduced changes to the taxes.
Is this a troublesome sign for the retail investor?
Watch this video to understand what is going to happen to your investments and how your taxes are going to keep increasing in the future.
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Attributions:
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Video and Thumbnail Editor: Ayushman Khare
► I teach a 360-degree course on Stock Markets. This covers fundamentals, business and technical analysis.
This course is specifically designed for working professionals and students.
And it requires a commitment of 2-4 hours per week.
The course comes with a community access through which you can ask any doubts. And attend one live class every month.
Currently, we are offering a 15% discount.
Link to join: wisdomhatch.com/stock-market/
_______________________________________________________
►I talk about specific stocks/investment related topics on exclusive member community. Join here:czcams.com/channels/qW8jxh4tH1Z1sWPbkGWL4g.html
_______________________________________________________
►Many of you have asked me for resources on US Stock Investing, Seeking Alpha is a great platform for research that I use: www.sahg6dtr.com/236BJZQ/R74QP/
_______________________________________________________
Try to do a vedio with rahul gandhi and say all this itl really get very high reach and many more people who needs to see this but aren't will see this
Tell me what exactly we are going to get in ur youtube learner membership??
What do you suggest sir?
Just do deposits on your parents account and can save lot of taxes
Will this course is life time validity or it has any timelines?
Income tax in India is highest in the world considering the fact that the Government provides zero social security, zero health insurance, zero education expense benefits. Forget about developed nations, even developing nations like Russia is having old age pension for all citizens. In India Govt will extract money from you even if you are investing on a social security instrument from your pocket (collect GST for LIC policy premium) or Medical insurance premium (GST again), which should Govt provide you for free for paying 32% income tax. Max Income tax in India should never be more than 15% considering the fact that you pay tax while earning (IT-TDS), while expensing (GST), while investing (STT, TCS, IGST) the same money....
Why can't the government find an oil field in our country? They must try harder. Look at how middle East has developed.
We dont require oil, we have all resources at our disposal, but corruption is the root cause of our problems.
In the middle East, the govt controls everything and takes care of thier people. Here we give them to private players who only care for themselves.
I agree with this totally 💯.
Salaried class is most tortured. Including GST paid on breathing and even dying, we pay nearly half of the post TDS income to Bhagwan ji.
Govt schools, and govt hospitals provide free services. Cmon.
They want us to do more FDs so that they can give more loans to the Adani group.
Appreciate the feedback
WatsApp me with the number showing above for more guidance, consultation and more investment updates
केन्द्र में बैठी सरकार अब ये बेहद अच्छी तरह जान चुकी है कि चाहे डॉलर 100 रुपये का हो जाये, चाहे पेट्रोल 150 -200- 300 रुपये का हो जाये, सरकार चाहे सेविंग पर ब्याज दर 2% से घटाकर 0.5 % कर दे, सुकन्या समृद्धि पर ब्याज दर 9.5 से 7.5 कर दे, पेंशन बंद कर दे , इनकी थाली से रोटी तक छीन ले तब भी अंडभक्तों को उसी के गुण गाना है ! इसलिए सरकार अब एकदम निश्चिंत हो चुकी है !
Mutual fund के बाद equity वाले अंडभक्तों का भी नम्बर आने वाला है ! 😂 😂
Tin foil hats are out.
@@manojthakur-no8jr correct 💯
@@manojthakur-no8jr 24 carat gold truth
I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not. my reserve of $450k is still laying waste to inflation and I don't know what to do at this point.. I need solid data on market trajectory..
I'll suggest you find a mentor or someone with experience guide you especially in this recession.
I agree, I thought I was doing alright profit wise, until I needed assistance with diversification, I reached out to a financial advisor and in less than a year I was just $51,000 shy away from $1.1m which is like 7x more than I make on my own..
@@laszlolee Sounds great. I could really use the expertise of an advisor, just can’t find while I’m away for work in New Zealand for another year. My portfolio has been stagnant.... Who’s the person guiding you can I get a phone number?
I've shuffled through a few advisors but “Susan Bauer Normansell” remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her deets can be found on the net, so you can confirm yourself..
Another important point regarding FD’s is that unlike debt funds/corporate bonds, they are insured upto an amount of 5lakhs. Hence no logic in making bonds at par wrt taxation
Basically, they levelled the playing field which benefits them the most and didn't think of the average retail investor. Now it literally makes no sense to buy debt mutual funds.
True Debt Mutual funds were already struggling and this is the death knell 😢
the plans to force people to buy index fund thus funneling money to A
The Tax Terrorism of govt (actually this coin was termed by Modi ji himself😂😂)
@@jioboy2676 A little bit of tsx terrorism is needed, otherwise being too generous has its own economic consequences, examples exist
@@ankushmukherjee3219 why is middle class the only target of tax terrorism? Rich seem to be doing fine under Modi.
This is extremely good AS... Real gem..
I invest in equity and debt Mfund..
This is 1 crazy amount of TDS and no one is talking about ..
Thank you !
Well articulated and informative. The hard work/research behind the video is evident. Thanks, Akshat!
Your videos are amazing …keep up your great work ..thank you
Hi Akshat, do you recommend investing in US stocks now or even in the next one or two months?
The first key amendment relates to mutual funds having less than 35% AUM in domestic equity, losing indexation benefits.
Point number six highlights the increase in securities transaction tax on the sale of options, creating pressure on F&O traders.
Debt mutual funds taxation has increased, removing indexation benefits and resulting in higher taxes.
The government's rationale is to level the playing field between fixed deposits and debt mutual funds.
Debt and public debt maturity graphics show that the government has a lot of debt, and the rate of interest has gone up, resulting in higher repayment.
The taxation and additional taxation on futures and options highlights an imbalance in the current government structure, creating a bad sentiment for capital markets.
As retail investors, diversification and tax optimization are critical to navigate the highly volatile and uncertain investment environment.
Mr. Akshat Shrivastava Sir , Really Useful Information Given about Finance and Clears About Doubt of MF ; FD as per Finance Bill 2023 Passed yet . Thank You !
Banks liquidity may be in deficit
RBI sold 364-day notes at a 7.48% yield, the highest since October 2018, while the 10-year benchmark 7.26% 2032 bond yield saw a high of 7.4728%, and ended at 7.4547%
These type of illustration will definitely help to educate investors. Ofcource diversification gives more stable yield
learnt a lot from you akshat i owe you a big one for this knowledge which i gained from your videos been following your videos for more than 1 year . really appreciate your hard work and became your big big fan🧡
Very well articulated as always. Unless you pointed out , prima facie thought FD and debt are at par , then understood, for the risks involved in Debt fund , Govt shouldn’t have touched it at all . 👍
The Tax Terrorism of our Govt ( actually this coin was termed by Modi ji himself😂😂)
FD and debt are still not at par. FDs have a lock in period, most debts have no exit load.
I am following you more than a year, your video quality in terms of content and editing is improving, keep it up charmp, you are educating
Your subscriber.Thanks a lots Akshat
I love to watch your vedios. I am learning daily new aspect.
I have been following your channel for a while, it has been very educative and you provide very good analysis and explain every point require, even for a layman, to understand the concept clearly.
Sir I'm very much helpful from your videos It makes me more mature about Financial Economics.
I appreciate your struggle and how you put your information and Assumptions on the basis of data, present them in so Balanced and Nutral form ❤
Akshat Hats off to your detailing for each and every finance term, because of your teaching I am progressing in my Finance Knowledge and awareness. Thankyou so much. God Bless You ! People like you and Content like yours is so much needed. Appreciate your valuable time. Thankyou once again.
But still for FD you will have to pay taxes yesrly and in debt fund you will have to pay only when you sell units. So compounding will help mutul fund to gain more returns
Thanx for your valuable content
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now gov also don’t want salaried class to save and invest money, instead gov want salaried class to spend more money, that’s why the 80c is still 1.5 lakh and new tax regime introduced without any investment benefits. if you work hard for some 50 years earn salary and pay tax without fail, then one day if we stop paying tax or unable to work, in such case gov have no responsibility towards that tax payer.
Love the simplistic and easy manner of explaining complex topics for all to understand thanks you.
Tʜᴀɴᴋꜱ Ŧᴏʀ Wᴀᴛᴄʜɪɴɢ👍
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ᴡʜᴀᴛꜱᴀᴘᴘ ᴛᴏ ᴛʜᴇ ɴᴜᴍʙᴇʀ ᴀʙᴏᴠᴇ.⤴️
With the limited knowledge, I feel that, while going forward cost of debt/bond will increase as investors will demand more return for debt. So more cost to the company and less profit. This can impact corporate tax revenue to the company. Again if the company prefers foreign debt, exchange rate risk and currency reserve impact gor the govt. All these can increase the risk of the company and hence equity investors could demand higer return. Overall impact is higher gostof capital to the company due to higer cost of debt and higher return expectation of equity return.
Akshat - After watching this i recalled another video of yours where you mentioned that the middle class will transition to poor class in India and such decisions are nothing but catalyst to this change. Sad situation. That's why the generation today is far more keen in relocating to other countries.
I appreciate❤️ your feedback 🙏... Get in touch with us on WHAT'SPP with the number ☝️ shown above for more guidelines'.
Isn't that the story of every developing economy?
@@rutvikrs but the disparity between the Rick and the poor is incomparable
Great points, that said, a mutual fund is nothing but a holding bucket for the underlying assets and just like equity mutual funds that have the same tax treatment as underlying equity it was logical that this step for debt mutual fund would come sooner or later, of course everyone would have liked it the other way but then this is what it is. Also I am not sure I fully agree with your view that FD is less risk, in fact debt mutual funds are much less riskier as they diversify the investment across entities, so if one entity becomes bankrupt one does not lose the entire asset. Also in debt mutual funds the promised fixed returns, namely interest, is what primarily varies with the quality of asset or its rating or its perceived risk and not its tax treatment.
That said, one point that is not clear is how the 35% rule shall be implemented, is it at launch ? what happens when equity markets fall and suddenly a hybrid fund finds itself having a higher percentage of debt holding ? will it be forced to liquidate its debt holding to meet the 35% criteria ?
Good one brother, well appreciated for the video
Chanakya neethi states that the Tax levied by ruler ought to be similar to how a honeybee takes nectar out of the flower without destroying the flower and in a mutually beneficial relationship to the flower. Unfortunately this Govt and FM seems to have forgotten that doyen of Hindu Financial Guru in their greedy zeal to suck Taxpayers dry. LTCG Tax(when the predatory STT was still in place), Tax on. Dividend, PF/PPF above 2.5 Lakhs, and now this. When the Government cannot provide quality medical care and education for free to it's citizens the least they can do is NOT to suck our blood like leeches.
people nowadays vote to hurt other religions/castes so it shouldnt be surprising to see yourself get hurt
maybe poors are celebrating your woes
Then how do you propose to increase revenue?
@@rutvikrs stop wasting money on building statues and other unimportant things till we get out of debt.
@@rutvikrs also stop corruption. Corruption has increased, ask any chartered accountant.
Stop spending crazy during elections, advertising, buying media and buying politicians
Thanks for this video, very easy to understand.
I read one article where it's mentioned that the government increases this debt MF taxation to avoid Silicon Valley Bank kind of crisis in India & help banks to be stable. They are not thinking about retail investors😢
Increased or linked to individual tax slabs as otherwise the lowest & top tax bracket both were paying at 20% but they should have retained indexation benefits, that for me just takes all magic away
Amazing akshat.
Gratitude for your munificence beatitude of attitude.
Very informative. Thank you.!!
Thanks for fast timely inputs
From where do you study all these stuff. I know you have lots of experience. Good knowledge.
Your research is awesome ❤
Great information..!! Appreciate your effort for sharing the valuable information. !! Thanks a lot..!!
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Informative and deep commentary with due dilligence done in research, Thank you Akshat for providing India with the Financial Education.
Just a question out of curiosity. What do you mean by the growth of BHARATH
@@karthikkriz growth of India
Informative.Thank you
U study more than IIT aspirant... Bhai touching lines thi.. promise now I will not miss liking every single video, bhale hi pura na dekhun..
That indexation thing I read yest n I had doubts, so so thankful u clearing instantly.. May you grow massive and God bless u with a lot of success !!!
8% - Inflation Tax
18 - 28% - GST
50 - 60% - Fuel Tax
5 - 6% - Stamp Duty
21% - Capital Gains Tax for immovable property
10 - 15% - Capital Gains Tax on Equity & Equity Mutual Funds
6.5% inflation. Bank interest rates are higher
Thanks a lot for.your efforts !!!🎉
I'm Not an expert in economics, but sometimes I feel that govt should learn to generate some cash flow through PSUs. Selling everything to the private sector leaves them to rely on only taxes (direct and indirect).
Or at least the sectors pertaining to natural resources such as gas, water, electricity, coal, energy should have govt stakes, which will ensure some funds for govt.
How much can a govt completely depend only on taxes?
I know there are some benefits to privatization, but the govt is losing the potential to earn completely through diff sources.
If govt starts upscaling their efforts to run a few imp PSU then there will be less burden of taxes on the general masses.
Tʜᴀɴᴋꜱ Ŧᴏʀ Wᴀᴛᴄʜɪɴɢ👍
ꜱᴇɴᴅ ᴀ ᴍᴇꜱꜱᴀɢᴇ ᴏɴ✍️
ᴡʜᴀᴛꜱᴀᴘᴘ ᴛᴏ ᴛʜᴇ ɴᴜᴍʙᴇʀ ᴀʙᴏᴠᴇ.⤴️
Thanks a lot Sir for bringing such important information in easy to understand language.
More tax on debt mutual funds . So one can direct purchase bonds
Hi Akshat, I am a big fan of your videos. Just a suggestion, when you explain something complex with the help of numbers, its better to have a blackboard kind of a thing where you can get the numbers, read clearly. Kudos for all the passionate work.!
Honestly speaking, FDs, Gold and Real Estate all can give good returns. You just have to know when to buy them. Today, this FOMO of stocks and mutual funds have diverted our minds.
This will promote more Dabba trading… mostly done and operated from Gujarat… obvious who will benefit.
Great video, Akshat. I was anyway not invested in Debt Mutual Funds and now would be even more vary of making any such investments in the future. Excellent analysis as always. These informative videos are highly appreciated.
Man, you are an inspiration💯💯💯
If my understanding is correct, there is no change to equity mutual funds, right?
Akshat bhai can you tell us as a retail leader investor ,i don't have lot of money to invest in real estate...I had good amount of SIP going on for 3 years in debt fund...can you tell us that how can we as retail investors invest an amount like 20 k in real estate...is REIT a good option ??
SIP in mutual funds or Stocks directly
A wonderful video that provoke to critically analysis one's income and the need for multiple income sources and also how to protect one's money from inflation. I welcome more videos of this kind.
Thank you. I really enjoy yr knowledge
Great explanation and research. Thanks
Akshat... have rarely liked or subscribed (to) any channel even though I follow a lot of them. This is perhaps my 3rd one. ( I don't even remember the previous two). You are doing tremendous job and please find a way to continue to do it and hopefully you will keep finding support.
Thank you for your efforts.
IL&FS, Evergrande
What happens to investors who already invested in debt mutual funds????
Good work sir really appreciate your..... work and affot
Hugely useful video. Many Thanks.
Great video Akshat. Excellent One Man Team you are.
Thank you for all the brilliant info and research.
Learning a lot on daily basis from your videos.
I appreciate❤️ your feedback 🙏... Get in touch with us on WHAT'SPP with the number ☝️ shown above for more guidelines'.
The govt also wants to increase the deposits into banks as the credit demand is rising and deposits momentum isn't. Removing taxation benefits from debt mutual funds can promote deposits
Very useful. Thanks Akshat
super like for studying more than iit aspirants!!
By taxes,penalty, price hike ,service charges,maintenance fee you may name anything
Hi Akshat Sir,
Do you think international ETFs would start to trade at a discount post 1st April?
Why I think they could trade at a discount: Post 31st March, we would expect fewer "buy & hold" type investors participate in their market, leaving only the tactical operators who don't mind the STCG anyway.
What do you expect?
Your presentation and content is extraordinary...❤
Good One Akshat👍
is indexation scrapped for gold etf ?????😧
Hi Akshat, Thank you so much for making this video which breaks down the change into understandable terms for us normal retail investors.
However, I have a doubt. The indexation benefits have been removed for investments made after 31 Mar 2023. How would this affect the SIPs put in debt mutual funds? How would they be taxed? Could you please help us to understand this?
Thank you.
some information about hdfc amc'
Sir, Pls create a post on 'How to save tax in 2023' ...
I HAVE BEEN FOLLOWING U A LOT LATELY., LIKE U R CONTENT MAN.👍
I request you to make videos on case study analysis of the companies their capital structure and their business model.
ibelieve future and optins is not to be encouraged
Since i put all my money in vauld and now it cant be withdrawn my money is safe, so safe that even safe from me, im immune to debt fund taxations
So what is the best way to park money for short term!!!
I wonder why our government does not discuss the finance bill in parliament?
Akshat, its now evident that most of the countries are now planning to go back to gold backed currencies. Most central banks have been hoarding copious amounts of gold in the last few years. The COMEX in US is seeing record withdrawal of gold and silver. OPEC countries are slowly moving into brics and these countries are slowly opening to trading with the respective countries currencies. China has sold over 110 billion of US treasury bonds in the last year and they are still continuing it bit by bit.The age of the petro dollar will soon collapse and the world will move away from debt based economy to gold backed currencies. So in such a scenario, do you think debt funds would have the same popularity as now?
doomsayer lol
FM is in sab achha hai mindset۔ Pay high taxes and enjoy۔ Don't ask questions ۔
Great video Akshat ! Thank you :)
great information
Thanks for another quality and informative video, Akshat..This is what your audience need...
Just an addition of one macro perspective: incentivizing bank deposits over MFs is going to make bank's balance sheet more stronger. One negative aspect is that govt will raise more domestic assets to fund its deficits and crowd out good investments. However, if banks are able to make more productive allocation from increased deposits, it will prove a boon. After all, bond market is miniscule in India. It is banks that drive the corporate debts in India.
I totally agree with you that Taxation won't be going down for very long time, infact it will increase and in return we are not getting any education/healthcare benefit. Forget Education or Healthcare, not even basic facilities like clean drinking water or proper roads.
Amazing research 🙌🏻
Loot loot loot. Not sure when people will resize. I realized when my internet bill suddenly increased due to taxes 8 years ago!.
Thank you
Thanks for your help
Are corporate bond funds also part of this list?
Simplification of taxation is not bad.
Inspite of Indexation errosion Debt will be attractive in terms of Return, at least,
better than Bank FD , Specifically Short term,Medium ,Long term Debt fund is a better investment opportunity for next 3 years.
Thanks Akshat sir for educating us and making financially more aware
Thanks for comment
What' sap me with the number showing above for
guidance,, consultation and investment plan startups.
Excellent Akshat... fluidic explanatory ...
Thank you Akshat
Changes are also done on international equity, indexation removed from that too, which was not there earlier shed light on how our indmoney and vauld investment now get effected
International Equity has got Double Negative, where as debt MF funds got single Negative.
1. From July 1st , 20% TCS will be cut from ur deposit money without threshold ( like 100Rs u convert to Dollar then only 80Rs u can convert ; rest 20% u have to claim in year end ITR & money gets blocked until year end )
2. Returns from that will be taxed as per ur slab ( from April 1st ), So if ur slab is 30% then u have to pay 30% tax on returns on investing.
So i suggest withdraw as soon as possible & avoid future international investments, As there is no point of making international investments even if it increase by 50 60% as well
Yeah true and not sure why these influencers are not talking about it since they promote indmoney and vested apps they have kept there mouth shut, not expected from Akshat
Only high end real estate might increase. People who had home loans are in a dilemma because of floating interest rates. Their EMI has to increase or their period of payment needs to increase sometimes both have to increase.
So realestate will fall and once recession sets in that will be the best time to buy real estate especially which are under defaults from banks.
Very well explained
Decided in 2 mins only ?
Banking in India now should be done away with if things are to keep on going this way. I'm having goosebumbs by even imagining the future.