The document discusses sharing financial decisions between spouses. Merging investments strengthens a household's financial position and gives a comprehensive view. The tax authority sets limits but allows gifting between spouses without tax. Strategies discussed include loaning money for a house purchase and investing in tax-free options like PPF or gold. Gifting gold to a spouse avoids income generation. A wife's separate savings from household expenses are also tax-free if invested.

1. Manmeet Thapar
Vishrutha Marar
Arti Gada
Deepavali Vankalu
Rammani Gupta
Siddhesh Parab
Sachin
Pramod Yadav

3. why you don’t share financial decisions!!!!

5. To achieve financial goals

7. The meshing together of the
investments of the husband and wife
not only strengthens the household's
financial fibre but gives them a
comprehensive view of the real
situation
The taxman has set limits to this joining
of the finances of the two spouses. He
has no problems if one spouse gives
money to the other. After all, it's their
money and spouses are in the list of
specified relatives whom you can gift
any sum without attracting a gift tax

8. 4 tax-efficient strategiesfor couples
 If you want to buy a house in your wife's
name but don't want the rent to be taxed as
your income, loan her the money instead.
In exchange, she can give you her jewellery.
 There is no tax on income from the PPF or
on long-term capital gains from shares and
equity mutual funds. Investing in these
options will put no additional tax liability.
 It's better to gift gold jewellery instead of
cash to your wife because gold does not
generate any income.
 If a wife saves a little out of the money
given to her for household expenses, that
money is her own. If it is invested, the gains
will not be clubbed with the income of the
husband.

9. Reasons (ELSS)
 Potential to give the highest returns
 No tax on the gains,
 Easy to understand
 Even easier to buy
 Lock-in period is the shortest for any
Section 80C option.
If yes then?
LUMPSUM OR SIPs
How do you choose a fund to invest in?
Future of ELSS

11.  The most widely used method is
known as the internal rate of return
or IRR method.
 IRR is useful not only for SIP
returns but also for estimating
returns from money back insurance
policies and bond yields.
 Calculations have to be worked out
using financial calculators or a
spreadsheet.
 Two such websites are
engineeringtoolbox.com and
datadynamica.com.

12. Large & mid cap Fund (Regular growth Fund)
 This portfolio has been able to generate decent returns without
taking undue risk.
 Even the equity portion is invested in stable stocks.
 More than 80% of equity corpus is anchored in giant & large
cap stocks & balance 20% is invested in mid & small caps
stocks.

18.  Banks are offering odd-tenure fixed
deposits to match their assets & liabilities.
 It has higher demand for one-year loans,
then it will offer a 390-day deposit.
Similarly, the 700-day deposits are meant
to match the asset and liability for two-
year loans.”
 Simply put, banks are ensuring they have
money to give loans by extending the
tenure of matching FDs. As the FDs
mature a little later, it gives them more
breathing space to get the money back
from the borrowers and return it to the
depositors.
 Deposits are mainly up to one year. But if
it crosses this period, we get slightly more
time to match assets and liabilities

19. Bank Name Tenure FD Rates (%)
Axis Bank 12-14 months 8.25
Hdfc Bank 1yr 16days-2yr 16days 7.75/8.25
ICICI Bank 390/590/790/990 days 8/8.5/8.5/8.5
Kotak Mahindra Bank 390/700 days 8.25/8.6
State Bank Of India 555/1000 days 8.5/8.5
IDBI Bank 500/1100 days 8.5/8.75
Punjab National Bank 555/1000 days 8.25/8.50
Union Bank Of India 500/700 days 8.10/8.60
Standard Chartered Bank 121/179/261 days 7.75

20.  If a customer makes a pre-mature
withdrawal, he earns a lower interest
which applies to the tenure shorter than
that of the specific scheme.
 This acts as an automatic penalty, though
there is no pre-mature withdrawal charge.
 E.g. HDFC Bank is one. The bank has said
it will charge a 1% penalty on premature
withdrawals for all fixed deposits.
 ICICI Bank already charges a 0.5-1% lower
interest rate to end an FD. The penal
interest is 0.5% for a one-year deposit and
1% for deposits below `5 crore but with a
higher tenure.
 The penalty of 1% lower interest when
people renew existing FDs or open a new
deposit will now be waived off

24.  The reverse mortgage scheme
was started in the year 2007
by the Indian government.
 Reverse mortgage scheme is
the exact opposite of a home
loan.
 In this the bank starts giving
the owner of the property a
monthly payment as a loan
against his property.
 Only 75% of the value of his
property can be borrowed by
the owner.

25.  The money received is a loan and so its is tax free.
 Only senior citizens are eligible to avail this facility and
they should be living in the house they mortgage.
 With every payment the bank’s ownership of the house
increases.
 After the death of the owner ,their heirs have to repay
the loan taken against their property.

26.  People buy diamonds with the
conception that they are scarce
but in reality they are abundant.
 Diamonds are priced on 5 C’s –
Carat, Colour, clarity, cut ,cost.
 Diamonds unlike gold lack
standardized benchmark pricing
and are sold at “asking rate.”
 Diamonds are yet to grow into
strong investment option like
gold.
 The clearest diamond is the
rarest and hence the costliest.

27.  Diamonds come with the disclaimer
that the colour and form may
change from the raw form in which
they are graded.
 Many renowned jewelers don’t buy–
back diamonds which are not
bought buy them due to quality and
monetary reasons.
 Jewelers buy back diamonds by
giving 85% of the prevailing rate
minus the making charges whereas
small jewelers promise to give 75%.
 Stunningly crafted fake diamonds
are also difficult to detect in lab test.
 Think twice before investing in
daimond given the uncertainty and
buy back options.