Sahil Mehta, 25, is a real estate investor. The commissions he earns at his day job coupled with rental income net him, conservatively, around $515,000 per year. He and his family travel to Hawaii every year. They enjoy exploring different islands and soaking in the sun. You could call Sahil Mehta an overachiever. At just 25, he works full-time as an executive assistant for a real estate agent, helping manage and close sales. And in his free time, he operates a small management company with his older brother, Suyash, 30. They own five properties worth $9.4 million around Berkeley, four…
Author: Miley Selena
Despite the pandemic impacting the resort, hotel and rental market, the housing and apartment segment still has projects for sale at record prices. The real estate market report in the second quarter of 2021 from the Ministry of Construction showed that Hanoi and HCMC have projects in central locations at very high prices. Accordingly, in HCMC, the One Central Saigon project has an expected selling price of about VNĐ650 – 800 million per square metre; while the Spirit Of Saigon project in District 1 is priced at VNĐ400 million per square metre. In Hanoi, The Grand Hàng Bài project (at…
Whenever a claim situation arises due to a medical emergency, the policyholder needs to fi nd out if the hospital has cashless facility. If not, then a reimbursement claim will have to be made after clearing the bills with the hospital. Before or after hospitalisationWhen hospitalisation is planned, make an intimation of claim in advance. In an emergency, the intimation should be made to the TPA or the insurer immediately. During hospitalisationAll documents related to hospitalisation must be obtained in the prescribed manner. Some documents such as hospital registration certifi cate also may be required. A reimbursement claim form needs…
The fund manager runs a diversified portfolio but retains large positions in top few bets. SynopsisApart from change in positioning, the fund has also seen several fund manager changes over the years, hurting its return profile. For now, investors can stick with more proven offerings in this space.ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. HOW THE FUND HAS PERFORMED 85510249 WHERE THE FUND INVESTS 85510258 BASIC FACTS Date of launch: 28 September 2005 Category: Equity Type:…
“Life insurance companies take a certain amount of risk directly while the rest is reinsured.”Synopsis”In Singapore and Germany, premium rates for a comparable cover are at least 20% higher than what one pays in India. This is why we see many non-resident Indians (NRIs) purchasing term life insurance cover in India.”Term insurance premiums have gone up due to hike in reinsurance rates after Covid. But premiums are still quite low compared to what term plans charged 10-15 years ago, Tarun Chugh, Managing Director & CEO, Bajaj Allianz Life Insurance tells ET Wealth. What has been the impact on the sales…
The Life Freedom Index developed by dropped 4.8 points in 2021, indicating that the financial security of Indians had been hit. Life Freedom Index is made up of four indices. Each of the four sub-indices have different weightage in the composite index. The scores are based on responses from 1,987 people in six metros (Ahmedabad, Bengaluru, Chennai, Delhi, Kolkata, Mumbai), four Tier-I cities (Kochi, Indore, Ludhiana, Bhubaneshwar) and four Tier-II cities (Rohtak, Jalgaon, Ballari, Rae Bareli). Here’s what the sub-indices measure. Life Freedom IndexThis year has been calamitous for a lot of people. The Life Freedom Index declined by 4.8…
This week’s ET Wealth’s realty hot spot series takes a look at Prahlad Nagar, Ahmedabad. The locality boasts of good social infrastructure and is close to office buildings like Pinnacle, Shapath V, Commerce House 5 and Mondeal Square, among others. The area is well-connected through SG Highway, 100 Feet road, 132 Feet Ring Road, Sanand-Sarkhej Road and close to SP Ring Road. The locality is 22KM from the airport, 7 KM from the nearest railway station and 1 KM from the highway. The price range of properties here is the range of Rs 3,300-7,200 per square feet. The average price…
Simran is a young software engineer, who landed her first job a year ago. Her newly-assigned bank relationship manager wants her to start saving for her retirement corpus and in the process, build an investment portfolio over a period of time. Simran’s father suggests the same. However, she wants to take control of her financial situation and has heard about “robo-advisers” that have helped her colleagues and her seniors at college with their investment plans. As a technology-oriented individual, she is quite enamoured by the idea of using automated digital investment advisers that provide algorithm-driven financial planning services with little…
By Sudhir Kaushik of Taxspanner.com Pune-based marketing professional Damayanti Datta pays a low tax because her salary structure is quite tax-friendly. Taxspanner estimates that Datta can reduce her tax further by more than Rs 81,000 if she pays rent to her mother, gets a few more tax-free perks and her company offers her the NPS benefit. Datta lives with her widowed mother in her house and therefore, does not claim exemption for HRA. If she pays Rs 27,000 rent to her mother every month, the entire Rs 2.64 lakh HRA can be tax-free. That alone will cut her tax by…
1. An equal weighted index is a stock market index which invests an equal amount of money in the stock of each company that makes up the index. 2. The performance of each company’s stock carries equal importance in determining the total value of the index. 3. There is no unjustified concentration on few stocks or particular sector. 4. The equal weighted index is more diversified and less risky. 5. Nifty 50 equal weight index is an example of an equal weight index. (Content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre,…