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AshEka Financial Planners
India
เข้าร่วมเมื่อ 25 ธ.ค. 2019
The official channel of AshEka Financial Planners endeavours to simplify personal financial planning by delivering content that is honest, unbiased and easy for everyone to understand and implement.
Why health insurance top-up policies are so cheap
Ever wondered why top-ups are so cheap? Watch this video to find out.
Want advise on your health insurance? Contact me on 9902146723.
Want advise on your health insurance? Contact me on 9902146723.
มุมมอง: 59
วีดีโอ
Regular or Direct Mutual Funds. Which should you go for?
มุมมอง 237ปีที่แล้ว
Are you penny-wise and pound-foolish? Check out this video for our perspective.
Declare your pre-existing health conditions during a Health Insurance application
มุมมอง 35ปีที่แล้ว
This short video discusses the importance of declaring all your health conditions at the time of applying for a health policy.
Mutual funds are NOT subject to market risks
มุมมอง 230ปีที่แล้ว
Here's a video explaining why the famous disclaimer is fundamentally wrong..
Why do real estate investments look attractive?
มุมมอง 55ปีที่แล้ว
The reason why real estate looks attractive is explained in this video
The right and wrong things to do when stock markets are at all time highs
มุมมอง 79ปีที่แล้ว
A brief take on who is doing it right and who is not, during a market bull run.
Want to know how to calculate your SIP returns? Watch this!
มุมมอง 56ปีที่แล้ว
In this video, I explain how you can calculate the XIRR value for your SIP investments and also for your insurance money back policies.
Why some people don't get term insurance...
มุมมอง 99ปีที่แล้ว
In this video, I discuss 5 common reasons why people don't get term insurance, and why they may be wrong.. Please connect with me on Instagram ashekafinancialplanners For a one-to-one consultation, please mail me on hello@asheka.in
Ever wondered why you need a financial advisor when you have the internet?
มุมมอง 412 ปีที่แล้ว
Here's one of the reasons why you might be better off with the advice from a financial planner as compared to looking up information on the internet.
Are mutual funds really subject to market risks??
มุมมอง 1002 ปีที่แล้ว
Kamal answers this pertinent question :-) www.asheka.in ashekafinplanners ashekafinancialplanners
A very kind testimonial from my client Vishal Nainani
มุมมอง 1102 ปีที่แล้ว
In this video, my client Vishal speaks about his recent health insurance claim experience. He had purchased this policy a few months back, after consulting AshEka Financial Planners. For any help with financial planning, please get in touch with us on 91 9902146723 via call or Whatsapp. Please also connect with us on ashekafinancialplanners ashekafinplanners
The importance of staying invested
มุมมอง 542 ปีที่แล้ว
In this simple video, we explain the importance of staying invested in your mutual funds during market ups and downs. ashekafinancialplanners ashekafinplanners WhatsApp: 91 9902146723
Save tax and create wealth through ELSS
มุมมอง 353 ปีที่แล้ว
This short video explains why ELSS mutual funds are such a great idea.. visit our website www.asheka.in check us out on FB: ashekafinplanners Instagram: ashekafinancialplanners
All you need to know about Advance Tax
มุมมอง 1603 ปีที่แล้ว
In this video, I explore the concept of Advance Tax and guide you on how to be aware of your advance tax implication and save interest during tax filing. Let's connect on ashekafinancialplanners ashekafinancialplanners www.asheka.in
Fixed deposit as a long term investment can be a bad idea
มุมมอง 1233 ปีที่แล้ว
Fixed deposit as a long term investment can be a bad idea
A super sweet testimonial from one of my clients...
มุมมอง 2483 ปีที่แล้ว
A super sweet testimonial from one of my clients...
The three basic needs for a healthy financial life
มุมมอง 503 ปีที่แล้ว
The three basic needs for a healthy financial life
How to get health insurance at low prices
มุมมอง 1014 ปีที่แล้ว
How to get health insurance at low prices
I have switched job on Sep-24. For FY 24-25 I have filled the returns. My new company is asking the income statement from old employer. Iam thinking to get form 16 from old employer and submit to new employer. Then while filing returns there won't be any problem right? Please correct me if any checkpoints are missed.
Totally wrong assumption. Bank will deduct more interest and less principal for initial few years then then will deduct less interest and more principal.
I vouch for this!! Sandeep helped get the right Insurance for me, which was a saving grace when I needed medical service while I was unemployed!
What about taxes?? Income tax
How to calculate gross income for the year in case of change of job during the FY?
Amazing!!
👍👍
💐 promo sm
Hi, I am in same situation, please send me your official email address , I have few queries
We need to take into account of tax on interest earned ... for 30% it's very painful
👍
👍
What happens if I fill out wrong information about salary in form 12b? I never had a PF account or TDS in previous jobs.
That's ok. When you file your ITR, you will have Form 16 from both employers and you can enter the right data and calculate the correct tax liability.
@@ashekafincan I fill the random income of previous employer so that I can pay my advance tax before 15th march?
what about people who already have enough wealth around that a cover of 1-2cr with an annual premium is just a pure waste of money? (when I say enough, it means almost around the cover one seeks and not a large business wealth)
Term insurance is to protect your earnings and your liabilities against your unexpected demise. If the individual doesn't earn anything, he won't even be eligible for term insurance. If he's sitting on truckloads of wealth, doesn't have any liabilities, and has nobody dependant on his income, then obviously he doesn't need term insurance.
Very well explained & extremely well communicated.
Thank you very much :-)
Kindly make videos in Hindi it's not that we don't understand English but it is difficult to focus on the agenda when the language is different
Thank you for the feedback. I would love to do videos in Hindi as well, but currently I am afraid I may make grammatical mistakes as my knowledge of the language is not too great. But yes, in the near future for sure..
Do income tax department also put interest on that tax amount, since we are not paying it during 6 months, and we pay it on ITR, is there any interest also? if yes than what % of interest is charged . Consider TDS 5000 every month which is not deducted for 6 months, so total amount will be 5000*6 = 30000 .
Simple interest of 1% per month
During the time of filing returns, if your tax due is more than Rs.10000 then interest is levied at 1% on (assessed tax minus advance tax paid if any). So it's a good idea to pay some advance tax if you have switched jobs and not declared the previous income to the current employer.
This was great . Thank you . im originally indian and live in the uk with a home loan here , guess youve heard that the rates here are moving closer to 5% which has never been seen for since 07. so i had to look for comparable to see if i need to overpay here on my mortgage as rates continue to rise here and i knew in India the rates are usually at the 7-8%p.c so was looking for what you would do and found this video . Thank you so much , ive done the math you did and can see that id rather invst than overpay on my mortgage .
Apologies for the late reply Baiju. I am so happy to read this comment. Glad it was useful for you...
There is another aspect of Pre clouser. In next 15 years the home loan interest rates would also increase and so our home loan interest keep increasing. Should we consider it? and what would be the impact if we don't pre-close in this scenario?
I don't think home loan interest rates will keep increasing. High interest rates are not good for the economy. So RBI will step in and cut repo-rate to cool interest rates. My guess is that interest rates will mostly hover between 7 and 8.5 %
Hello sir, What about part payment. I think it is different from preclosure . Am I right?
Yes Padma, that's correct. I am not in favour of part-payment, when you can invest that money elsewhere and earn more than what you are paying as interest.
Excellent video ...You deserve more subscribers
This is the sweetest comment I have got in a long time Vinay. Please spread the word :-)
I am in the similar situation and since I didn’t have taxes to pay, I did not file ITR. What will happen now?
Hey, what happened , have you filed ITR, I'm in a same situation now..
I am sorry I missed reading this comment Kavya. I hope you filed your ITR since. It's one of the best things you can do for your tax records.
You will have to visit jail. Once income tax raid will happen on your house 😂😂
Please reply did you file not not or anything happened if you don't file it
@@sravani2706please reply is anything happened if you don't file the itr
Looks excellent on paper sir. But human psychology doesn't work in this way. When we don't repay the loan and keep the money with us. It's human tendency to expand the money but not invest. If we see more money in balance we will start planning for trips, start planning for costly cars etc etc. Please advice on how to work out on that angle
You are right Sanjay. Many folks would not be disciplined with their money. It's exactly why financial planners like me exist. I work with individuals through out the year to ensure they get most bang for their buck. I have a community on whatsapp for this purpose. Please connect with me on 9902146723 if you'd like to join.
Where do I invest that ?
Mutual funds are a great space to be in...
Bhai serious recommendation! Why not start your videos with namaste instead of a hi? Why can't you? I mean all your videos are watched by indians and in fact even foreigners know the meaning of namaste! A small change brings a bigger impact. Right? Why ashmed of the oldest culture and civilization? Pls start greetings with a namaste no.
Fantastic feedback Rohan. Will implement it soon...
Super sir
Thank you Taylor :-)
we can't trust the banks because banks are cheating common people by giving loans to big players and sending them to London. that is the reason most of the people interested to buy properties.
Nice observation Rajesh :-) There have been unfortunate instances of big businessmen who failed to repay their bank loans and escaped to other countries to avoid arrest. But, banks in India are regulated by the RBI which mostly does a great job. The big loan defaulters you here about are mostly customers of public sector banks, where top management need to take orders from the highest offices in the central government. So sometimes, banks don't do proper due diligence before sanctioning huge amounts to these corporates. On other occasions, the borrowers genuinely fail in their business. So they are unable to repay. I personally believe there is a lot more risk in real-estate investments than in the banking sector in India.
Ate checa hindi bol
zaroor :-)
Misguided figures, bank does not compound interest on saving and fd on quarterly basis. Pls avoid this video.
It is disappointing you are making a comment which has no truth in it. If you opt for a cumulative FD, almost every bank will pay interest quarterly. If you are not taking out that interest, it is compounding for you. As a matter of fact, IDFC Bank pays saving account interest every month. A simple google search will give you the truth.
Sir what about interest on FD return
I am not exactly sure about the question. If you are asking about the rates, they are currently at around 7 to 8%
This does not make any sense, Incorrect calculations.
Thank you for your feedback. Please highlight the incorrect calculations that you have observed.
wrong and misleading analysis. He is assuming that the investment equal to loan amount will be made in one go and that too at the time when you get the loan. That is a very wrong assumption. Also someone mentioned that the the interest is calculated quarterly but the interest rate is not divided by 4.
Hi Atul, I am not sure if you listened to the audio in this video. I have nowhere mentioned that you make an 'investment equal to the loan amount at the beginning of the loan'. I am talking about 'pre-closing a loan when you have a surplus in the middle of the loan tenure'. So the example I have taken is when you have 15 years of your loan repayment left and have 20 lakh outstanding on your loan. What do you do in such a scenario when you have a surplus of 20 lakhs with you? Do you pre-close the loan or do you let it continue and invest this surplus elsewhere? That's the discussion. Regarding the compounding, I have used an online calculator to calculate the compound interest earned over a period of time. You can use any other online calculator and it will give you the same result. So I'm not sure what you found inaccurate there...
do you have any view , selection of Tenure of Home loan, is it good to select Lower tenure or Higher tenure (15 or 25 years)
Brother , chose 10 years tenure it would be better and try to prepayment in the earlier stage itself
Higher tenure is always better. Home loan is a great gift to you, as you pay only 4 to 5 % flat rate of interest per year.
If I had 20 L as a bonus I would be the luckiest person on planet.... What if I got only a lakh rs and saving of a lakh rs, what would you recommend me to do?
Many young people in their late 20s or 30s have Rs.20 lakhs as savings. So surely older folk will also be able to have that type of amount. With 1 lakh, you cant pre-close a home loan right? This discussion is only aimed at those who have the kind of surplus and are considering pre-closing the loan.
We have to pay income tax also on earning , please add that also
Good point. The tax on earning is kinda offset by the tax saving you get on your home loan interest. Even otherwise, your post-tax returns on FD or Mutual funds would be more than the average interest you pay per year on your home loan.
this happened to me once and now I am switching jobs soon. I'll inform my new co's HR about my pay & taxes YTD. Thanks for this video.
though different schools of thought and ever dynamic interest rates may challenge some of your statements, broadly the logic helped me stick to my homeloan rather than wanting to liquidate my investments to foreclose the loan.
Awesome Mr.Natarajan. Glad to have helped you!
This does not make any sense , 20lac iam repaying around 45Lac in 15 years . How is that his calculation only give 35 Lac . Iam paying double the interest not less ? I dont think its a right comparison!!!! correct me if iam wrong
If your interest rate is 8.3%, then you will pay 35 lakhs per my calculation. If your interest rate is 13%, then you will pay 45 lakhs, as per your calculation. Please visit www.emicalculator.net and check for yourself :-)
Dont have interest rate 8.3 percent interest in any bank..
There is 8.5 % i am repaying it
@@Rolex_Sir__ which type of loan
@@sasikumar.r5661 home loan
@@Rolex_Sir__ too high bro... Home loan rate of interest rate is over all is 7% . Approach to you bank and decrease your rate of interest...
Rates vary. It went down to 6.5% during covid, and is now around 8.5%
Thank you so much for uploading such informative video. It cleared lots of doubts I had
So happy to hear this..
How to get your financial advice.. How can I reach ?
Hi Arun, I apologize for the late reply. Please feel free to connect with me on +91 9902146723
It really make sense... I had the same feeling so I search for some guidance here most of the videos where I can see prepayment a good choice but that is actually not a good idea. You have given a clear detail here. Thank you for sharing this details
Very clearly explained..
Simple & clear explanation..
Mr.Narayan, Your plan is very fine for a person who has 40 lakhs in his hand and his home construction is 20 lakhs. As you were saying if we get a inherited funds, a big business hit. But that kind of population in India are less than 5%. But more than 70% of person who fall under income bracket population don’t have such huge amount. May be your video is targeted to that 5% of high income population.
Hi Jason, you are right. This video is targeted at those who have the surplus and are willing to pre-close their home loan.
How about income tax on interest earned on deposit???????
The tax on interest earned is kinda offset by the tax saving you get on your home loan interest. Even otherwise, your post-tax returns on FD or Mutual funds would be more than the average interest you pay per year on your home loan.
I don't agree to this as you pay tds on deposit and also tax bracket savings is reduced yearly as time progresses. You are basically paying for banks building and furniture expenses while being relaxed. Also better to be debt free early.
The tax on interest earned is somewhat offset by the tax saving you get on your home loan interest. Even otherwise, your post-tax returns on FD or Mutual funds would be more than the average interest you pay per year on your home loan.
calcaulation is wrong. when compounding quarterly, interest rate to be divided by 4
I have used an online calculator which has the compound interest formula inbuilt.
Sir.. In order to say which option is good we need to compare both the options.. I'm referring as per capital budgeting
Sir.. You should also consider the interest paid during first 5yrs along with new interest amount to get exact difference of raise in interest amount