{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/2013/03/radix-securities/","result":{"data":{"wordpressPost":{"id":"116a9260-2055-5c80-8765-085d3fbf5d6f","title":"How Radix Securities Benefits from MProfit","date":"2013-03-13T12:04:54.000Z","content":"

Name
\nSumeet Savla, Proprietor at Radix Securities
\nCompany Background
\nRadix Securities located in Bombay was started in April 2010 by Sumeet Savla, he previously worked at PayPal as a software engineer. Radix Securities is a wealth advisory firm that advises on stocks, mutual funds and insurance for NRI’s. His technology background has allowed him to develop his own stock screening algorithm which he uses to generate his buy and sell signals.  Even in these uncertain times, some stocks are hitting 52 week highs and that is where Radix Securities uses their algorithm to decide when to buy and sell. They maintain a medium (2 years) to long (10 years) term outlook on the stocks that they buy.
\nBenefits of MProfit Advisor
\nSome of the tools he uses daily include Excel, charting software and MProfit Advisor. Before using MProfit Advisor all of the client data was in Excel and it was very difficult to maintain. They started to use MProfit Advisor about a year back and have not looked back. Two features that Sumeet loves is the overall portfolio summary screen and the historical pricing report. With the portfolio summary screen he can view a clients holdings of all the various asset classes in a single view. With the historical pricing report he can now see what a clients portfolio was worth a month ago, 3 months or even a couple years ago. Some of his clients still like to receive monthly reports and the reports from MProfit are very easy to read and understand.
\nOne thing they want to see in MProfit is the ability to generate a balance sheet.  Luckily, the team at MProfit is working on adding this feature to MProfit in the coming months.

\n","wordpress_id":3416,"tags":null,"featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":2.7777777777777777,"src":"/static/c47396f6792f3e29effda201e7b768ec/f5f11/radix-logo.png","srcSet":"/static/c47396f6792f3e29effda201e7b768ec/f5f11/radix-logo.png 200w","sizes":"(max-width: 200px) 100vw, 200px"}}}}},"allWordpressPost":{"edges":[{"node":{"title":"Insurance Analyser Series – Episode 6 – Term Life Insurance","excerpt":"

Life insurance products come in many variations, each catering to different needs and goals. Term Life Insurance stands out as a fundamental protection product, offering essential coverage for life’s uncertainties. In this comprehensive guide, we delve into the intricacies of Term Plans, what they are, why you need them, and how to choose the right […]

\n","slug":"insurance-analyser-series-episode-6-term-life-insurance","content":"\n

Life insurance products come in many variations, each catering to different needs and goals.

Term Life Insurance stands out as a fundamental protection product, offering essential coverage for life’s uncertainties.

In this comprehensive guide, we delve into the intricacies of Term Plans, what they are, why you need them, and how to choose the right one for you.

\n\n\n\n


Types of Life Insurance

\n\n\n\n
  1. ULIP (Unit Linked Insurance Plan): A blend of investment and insurance.
  2. Whole Life Insurance: Provides coverage for the insured’s entire lifetime.
  3. Term Life Insurance: A pure protection policy offering high coverage at low premiums.
\n\n\n\n

Among these, Term Life Insurance is the most straightforward and crucial form of life insurance.

It ensures your family’s financial stability by providing a substantial sum assured in exchange for affordable premiums.

\n\n\n\n


What is Life Insurance?

\n\n\n\n

A Life Insurance policy provides financial security to the family of the insured in case of the insured person’s death during the policy period.

In some cases, it also provides a maturity benefit to the insured person after a set period.

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Types of Life Insurance

\n\n\n\n

Life insurance policies can be categorized into two main types:

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  1. Savings Policies: These policies offer a combination of insurance and investment benefits.
  2. Protection Policies: These policies only provide life insurance coverage.
\n\n\n\n


Savings Policies

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Savings policies come in different forms, each offering a mix of insurance and investment opportunities. They include:

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Pure Play Protection Policies

\n\n\n\n

Pure play protection policies focus solely on providing life insurance coverage without any investment component.

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\n\n\n\n


What is Term Insurance?

\n\n\n\n

Term Insurance is a type of life insurance that provides coverage for a specified term.

If the insured person passes away during this term, the policy pays out a death benefit to the beneficiaries.

Term insurance does not include any investment component or maturity benefit.

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\n\n\n\n


Example of a Term Insurance Cover

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Do You Need Life Insurance?

\n\n\n\n

Deciding whether you need life insurance depends on your individual circumstances.

Life insurance can provide financial security for your dependents in the event of your untimely death.

\n\n\n\n
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\n\n\n\n


How Much Cover Is Required for a Life Insurance?

\n\n\n\n

When selecting a life insurance policy, consider the following factors to determine the appropriate coverage amount:

\n\n\n\n
  1. Income: Ensure that the coverage amount can replace your income for a certain period.
  2. Expenses: Include daily living expenses, education costs, and other recurring expenses.
  3. Assets: Consider your existing assets and how they can be used to support your family.
  4. Liabilities: Account for any debts or liabilities that need to be paid off.
\n\n\n\n
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\n\n\n\n


At What Age Should You Buy a Term Plan?

\n\n\n\n

There is no specific age to buy a term plan, but purchasing it early can be beneficial.

Younger individuals typically get lower premium rates, making it cost-effective in the long run.

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\n\n\n\n


Conclusion

\n\n\n\n

Term Life Insurance is a vital component of financial planning, providing essential protection for your loved ones.

By understanding the basics of life insurance and considering your individual needs, you can make an informed decision about the right policy for you.

\n\n\n\n

*Disclaimer – This is for information purposes only and not investment advice. Data credit to the rightful source.

\n","date":"2024-07-02T09:00:44.000Z","path":"/2024/07/insurance-analyser-series-episode-6-term-life-insurance/","categories":[{"name":"Basics","id":"fcee48b0-12d5-5c57-a801-a28d1d6c0f3d"},{"name":"Personal Finance","id":"349e1216-4c20-50fd-84f7-ddd01a5a8763"},{"name":"Case Study","id":"2582a05c-a4de-5f71-be3c-873ace1f9ea8"},{"name":"Investment Literacy","id":"64bee5ed-c506-5373-9c07-e2adb091ccd7"}],"featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1,"src":"/static/7497ae3d3300c79934ce127a95b4f2cd/f836f/Term-Life-Insurance.jpg","srcSet":"/static/7497ae3d3300c79934ce127a95b4f2cd/2c7f8/Term-Life-Insurance.jpg 50w,\n/static/7497ae3d3300c79934ce127a95b4f2cd/86e11/Term-Life-Insurance.jpg 100w,\n/static/7497ae3d3300c79934ce127a95b4f2cd/f836f/Term-Life-Insurance.jpg 200w,\n/static/7497ae3d3300c79934ce127a95b4f2cd/9dc27/Term-Life-Insurance.jpg 300w,\n/static/7497ae3d3300c79934ce127a95b4f2cd/2244e/Term-Life-Insurance.jpg 400w,\n/static/7497ae3d3300c79934ce127a95b4f2cd/10d63/Term-Life-Insurance.jpg 1080w","sizes":"(max-width: 200px) 100vw, 200px"}}}}}},{"node":{"title":"Taxation Simplified – Series 4 – Understanding Capital Gains Taxation Across Asset Classes","excerpt":"

Welcome to another edition of Taxation Simplified! As tax filing season approaches, investors must understand how their gains across various asset classes will be taxed. Whether you’re dealing with equity, debt, mutual funds, gold bonds, real estate, or specialized instruments like REITs and InvITs, each asset class has unique tax implications that can significantly impact […]

\n","slug":"taxation-simplified-series-4-understanding-capital-gains-taxation-across-asset-classes","content":"\n

Welcome to another edition of Taxation Simplified! As tax filing season approaches, investors must understand how their gains across various asset classes will be taxed.

Whether you’re dealing with equity, debt, mutual funds, gold bonds, real estate, or specialized instruments like REITs and InvITs, each asset class has unique tax implications that can significantly impact your overall returns.

In this blog, we delve into the complexities of capital gains taxation, providing a comprehensive guide on how different investments are taxed.

From short-term gains to long-term holdings, we’ll discuss different tax rates for different assets.

Join us as we explore the landscape of investment taxation, ensuring you’re well-prepared to maximize your after-tax returns this tax season.

\n\n\n\n


What is Capital Gains Tax?

\n\n\n\n

Capital gains tax is the tax on the profit or gain that arises from the sale of a capital asset.

This income is categorized into long-term capital gains and short-term capital gains, depending on the holding period of the asset.

\n\n\n\n


Capital Gains on Equity Shares/Equity Mutual Funds

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Capital Gains on Debt Mutual Funds

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For Debt Mutual Funds Purchased Before April 1, 2023 (With Debt Exposure of More Than 35%)

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For Debt Mutual Funds Purchased After April 1, 2023 (With Debt Exposure of More Than 65%)

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For Debt Mutual Funds Purchased After April 1, 2023 (With Equity Exposure Between 35-65%)

\n\n\n\n\n\n\n\n\n\n\n\n
\"\"
\n\n\n\n


Capital Gains on Gold Products

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Taxation of Physical Gold

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Taxation of Sovereign Gold Bonds

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Capital Gains on Real Estate Products

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Taxation of REITs/InVITs

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Stay tuned for more insights in our Taxation Simplified series as we continue to simplify complex tax concepts for you!

Happy investing!

\n\n\n\n

*Disclaimer – This is for information purposes only and not investment advice. Data credit to the rightful source.

\n","date":"2024-06-26T06:27:37.000Z","path":"/2024/06/taxation-simplified-series-4-understanding-capital-gains-taxation-across-asset-classes/","categories":[{"name":"Basics","id":"fcee48b0-12d5-5c57-a801-a28d1d6c0f3d"},{"name":"Personal Finance","id":"349e1216-4c20-50fd-84f7-ddd01a5a8763"},{"name":"Case Study","id":"2582a05c-a4de-5f71-be3c-873ace1f9ea8"},{"name":"Investment Literacy","id":"64bee5ed-c506-5373-9c07-e2adb091ccd7"}],"featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1,"src":"/static/a66abd922ecfd66623532a64766ab518/f836f/Tax.jpg","srcSet":"/static/a66abd922ecfd66623532a64766ab518/2c7f8/Tax.jpg 50w,\n/static/a66abd922ecfd66623532a64766ab518/86e11/Tax.jpg 100w,\n/static/a66abd922ecfd66623532a64766ab518/f836f/Tax.jpg 200w,\n/static/a66abd922ecfd66623532a64766ab518/9dc27/Tax.jpg 300w,\n/static/a66abd922ecfd66623532a64766ab518/2244e/Tax.jpg 400w,\n/static/a66abd922ecfd66623532a64766ab518/10d63/Tax.jpg 1080w","sizes":"(max-width: 200px) 100vw, 200px"}}}}}},{"node":{"title":"Taxation Simplified – Series 1 – Understanding the Old vs. New Tax Regime","excerpt":"

Welcome to the first instalment of our “Taxation Simplified” series, where we break down the complexities of tax filing to help you make informed financial decisions. As the tax filing season for FY24 approaches, taxpayers are once again faced with a critical choice: should you stick with the old tax regime or switch to the […]

\n","slug":"taxation-simplified-series-1-understanding-the-old-vs-new-tax-regime","content":"\n

Welcome to the first instalment of our “Taxation Simplified” series, where we break down the complexities of tax filing to help you make informed financial decisions.

As the tax filing season for FY24 approaches, taxpayers are once again faced with a critical choice: should you stick with the old tax regime or switch to the new one?

This blog aims to demystify the differences between the old and new tax regimes, providing a clear comparison to help you decide which option best suits your financial goals and circumstances.

Whether you’re a seasoned taxpayer or filing for the first time, understanding these differences is essential to optimizing your tax liability and maximizing your savings.

Join us as we explore each regime, from the tax slabs and deductions to the exemptions and benefits.

By the end of this article, you’ll have the knowledge and confidence to choose the tax regime that suits your needs best.

Let’s dive in and simplify the process of tax filing together!

\n\n\n\n


Differences Between the Old and New Tax Regimes

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Old Tax Regime

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New Tax Regime

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Deductions and Exemptions

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The new tax regime allows very few deductions compared to the old regime.

Here is a comparison of the deductions available under both regimes👇 

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Default Tax Regime

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Since FY23, the new tax regime has been the default option for all taxpayers.

However, you can opt out of the new tax regime until the filing of the return for AY 2024-25.

\n\n\n\n


Advantages and Limitations of Each Regime

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Old Tax Regime

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New Tax Regime

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\n\n\n\n


How to Choose Between the Two Regimes?

\n\n\n\n

Choosing between the old and new tax regimes depends on your specific financial situation, particularly the amount of deductions you can claim.

Here are some examples to illustrate this:

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Example 1: Mr. X

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Mr. X has an income of Rs. 7.50 lakh with Rs. 2.50 lakh in deductions (section 80C + HRA) in FY23.

\n\n\n\n

Under the Old Regime:

\n\n\n\n\n\n\n\n

Under the New Regime:

\n\n\n\n\n\n\n\n

In this scenario, the old regime is more beneficial as the deductions significantly reduce the taxable income.

\n\n\n\n

Example 2: Mr. Y

\n\n\n\n

Mr. Y has an income of Rs. 9 lakh and claims no deductions in FY23.

\n\n\n\n

Under the Old Regime:

\n\n\n\n\n\n\n\n

Under the New Regime:

\n\n\n\n\n\n\n\n

Here, the new regime is more advantageous due to the absence of deductions, resulting in a lower tax slab.

\n\n\n\n


Conclusion

\n\n\n\n

Both tax regimes come with their own set of advantages and disadvantages.

The choice between them largely depends on the number of deductions and exemptions applicable to your income.

As a general guideline, the fewer the exemptions, the more likely the new regime will be suitable.

\n\n\n\n

While this blog provides a broad overview, it is important to remember that each person’s tax situation is unique.

Consulting a tax expert is recommended to ensure you make the best decision for your specific circumstances.

Happy tax filing season!

\n\n\n\n

*Disclaimer – This is for information purposes only and not investment advice. Data credit to the rightful source.

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