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Old Vs New Tax slabs: A Quiz and a Calculator to help you decide

Skinny: Old Vs New tax slabs — it’s probably time for you to declare whether you plan to switch income tax regimes. Should you switch? This post lists four ways which will help you decide — including a quiz and an income tax calculator.

Before we start, here’s the most important thing you need to know.

A change in the income tax slab regime is not set in stone. A salaried individual can switch between the old versus the new every year, based on needs and financial maturity.

OLD VS NEW TAX SLABS: THE BASICS



Why the fuss?

In an effort to make tax-filing easier, government of India introduced a new tax regime in 2019 — basically, new income tax slabs.

What’s the major difference — old vs new tax slabs?

In the old tax regime, it was possible for individuals to reduce how much they paid in taxes. This was with the help of deductions and exemptions.

But,

This obviously came with a lot of paperwork, since it involved providing proofs for many many of those deductions and exemptions.For salaried employees, it also meant a rather rarely-understood process of Declare-Invest-Prove. A lot of folks often ended up investing hastily into terrible investments at the last minute, just to save on taxes. And an even larger majority of folks never invested, or invested too little. So year-after-year, they ended up paying far more in taxes.

In the new tax regime, tax-filing is easier — much easier. There’s no submission of proofs, the tax rates are lower, and it eliminates most tax-saving related paperwork. Sounds great really.

But,

There are no ways to save on taxes. About 70 deductions and exemptions which are available in the old tax regime, are missing in the new tax regime. So in some cases, choosing new tax regime might actually increase what you pay in taxes.







SO HOW DO YOU DECIDE – OLD VS NEW TAX SLABS?

I’ve listed four ways which will help you decide which regime you should pick this year. And they’re listed below in the order of their complexity.

1: Based on life’s immediate, but major commitments

This is especially applicable for young folks fresh out of college.

If you’ve just joined the workforce, there’s a high likelihood that you haven’t settled down yet.

You may decide to take up a PG course — an MBA or an MS perhaps.Perhaps there’s a marriage on the cards — and Indian marriages are expensive affairs.You might even decide to quit and start something of your own.

But the old tax regime will force you to invest in tax-saving instruments — most of which lock up your money and make it inaccessible to you.

Tax-saving mutual funds lockup your money for 3 years (Longer if you’re doing an SIP)PPF will lock up your money for 15 years.NPS will lock up most of your money until you’re 60.Most ULIPS, pension plans, whole life plans etc.(which are not at all recommended BTW) will lock up your money for 3 or 5 years.

So, irrespective of age or milestones, if you have major financial milestones just around the corner, or do not like the idea of having your money locked up for such long periods, pick the new tax regime.

2: Using a simple estimate

There’s a downright simple way to decide which tax regime you should pick this year.

If the combined value of your deductions and exemptions this year could exceed 2,50,000/-, you should pick the old tax regime.*

*Irrespective of income level

This combined sum of 2,50,000/- could be made up any types of deductions and exemptions available.

If you’re sure you’ll be claiming more than 2,50,000/- in tax-saving instruments this year as well, you’re sorted. Sticking to the old regime will save more taxes for you.

How to calculate the total value of deductions you claimed last year?

Dig up your latest Form 16-PartB, and look for the following four entries:

(2h) Total amount of exemption claimed under section 10(5) Total amount of deductions under section 16(11) Aggregate of deductible amount under Chapter VI-A(7a) Income (or admissible loss) from house property reported by employee offered for TDS

Adding all these together will give you the total value of deductions and exemptions you had claimed last year.

3: This quiz

This simple quiz provides a reasonably good estimate based on a weighted score of commonly availed tax incentives. We’ve tested it on about 10 sample Form16s and so far, it has been accurate.

But since it expects no math to be input, there could be cases where it’s off. In case it is, write to us at frontdesk@desaivinod.com. It’ll help us adjust the weights.

Do you have an ongoing home loan?

Yes No/Not applicable

Do you plan to purchase an additional health insurance policy for you and your dependents?

Yes No

Do you plan to buy a term life insurance policy?

Yes No

Do you have an ongoing education loan?

Yes No

This year, how much do you plan to invest per month towards your long term future?
[Long term investments like Equity mutual funds, NSCs, PPF, VPF] About 10000 per month About 20000 per month About 5000 per month

Do you plan to invest in NPS this year? Yes No

If you live in a rental property, will you be able to provide rental proofs? Yes No/Not Applicable

Do you plan to travel to a faraway destination this year? This could be a trip home or a vacation. Yes No

Do you foresee a major expense coming up within the next three years?
[Expenses like an expensive post-graduation course, wedding, down payment for a house] Yes No



Previous



Next

Time is Up!

CancelSubmit Quiz







4: Using Form16 and this income simple tax calculator

This income tax calculator below provides a quick way to help you compare your tax liability in the the two tax regimes. It tells you exactly the tax you’ll be paying in each, and will recommend the one that saves you more.

You’ll need your latest Form-16 handy. Look for it in your work mail and you should see a mail from your HR or payroll team.

The calculator has only two fields to input.

Your Gross salary &The Total value of deductions and exemptions you availed/plan-to-avail .

This last year’s value will give you a reasonably good estimate to what you’ll be able to claim this year.

Now, if the difference in the two regimes as seen in the calculator is marginal, and there’s less likelihood of the difference increasing this year, pick the new regime. Why? Since the difference is quite low anyway, you might as well reduce your tax paperwork.

That’s it. These four tools should provide you plenty of info to decide on your tax regime change decision.

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If you want to understand your salary structures and taxes better, my new book on essential finances will give you a 10-year head start on your understanding of money. Here’s the link for Amazon.

Good luck.

The post Old Vs New Tax slabs: A Quiz and a Calculator to help you decide appeared first on The Moneyplanting Program on Employee Financial Wellness | Vinod Desai.

Old Vs New Tax Slab: Take The Quiz to Decide

TL-DR: Old Vs New tax slab — it’s probably time for you to declare whether you plan to switch income tax regimes. Here’s a simple way to figure out which will work better for you.

Jump Directly to The Quiz

Before we start, here’s the most important thing you need to know.

A change in the income tax slab regime is not set in stone. A salaried individual can switch between the old versus the new every year, based on needs and financial maturity.

Old Vs New Tax Slab: The Basics



Why the fuss?

In an effort to make tax-filing easier, government of India introduced a new tax regime in 2019.

What’s the major difference between Old Vs New Tax Slab?

In the old tax regime, it was possible for individuals to reduce how much they paid in taxes. This was with the help of deductions and exemptions.

But,

This obviously came with a lot of paperwork, since it involved providing proofs for many many of those deductions and exemptions.For salaried employees, it also meant a rather rarely-understood process of Declare-Invest-Prove. A lot of folks often ended up investing hastily into terrible investments at the last minute, just to save on taxes. And an even larger majority of folks never invested, or invested too little. So year-after-year, they ended up paying far more in taxes.

In the new tax regime, tax-filing is easier — much easier. There’s no submission of proofs, the tax rates are lower, and there’s no paperwork whatsoever. Sounds great really.

But,

There are no ways to save on taxes. About 70 deductions and exemptions which are available in the old tax regime, are missing in the new tax regime. So in some cases, choosing new tax regime might actually increase what you pay in taxes.







So how does one decide between Old Vs New Tax Slab?

There are four ways you can decide which regime you should pick. And they’re listed below in the order of their complexity.

Procedure 1: Based on life’s immediate, but major milestones

This is especially applicable for young folks fresh out of college.

If you’ve just joined the workforce, there’s a high likelihood that you haven’t settled down yet.

You may decide to take up a PG course — an MBA or an MS perhaps.Perhaps there’s a marriage on the cards — and Indian marriages are expensive affairs.You might even decide to quit and start something of your own.

But the old tax regime will force you to invest in tax-saving instruments — most of which lock up your money and make it inaccessible to you.

Tax-saving mutual funds lockup your money for 3 years (Longer if you’re doing an SIP)PPF will lock up your money for 15 years.NPS will lock up most of your money until retirement.Most ULIPS, pension plans, whole life plans etc.(which are not at all recommended BTW) will lock up your money for 3 or 5 years.

So, irrespective of age or milestones, if you do not like the idea of having your money locked up for such long periods, pick the new tax regime.

Procedure 2: Using a simple estimate

If you’re reasonably well aware of your finances, there’s a downright simple way to decide which tax regime you should pick this year.

If the combined value of your deductions and exemptions this year could exceed 2,50,000/-, you should pick the old tax regime.*

*Irrespective of what your income level

This combined sum of 2,50,000/- could be made up of deductions and exemptions like:

DEDUCTIONSEXEMPTIONSPPF/VPFLeave Travel Allowance (LTA)Your share of EPFHouse Rent Allowance(HRA)Life InsuranceFood CouponsTax-saving mutual funds(ELSS)Standard deductionNPSMobile and Internet reimbursementPrincipal component of home loanInterest component of home loan







Procedure 3: Take this quiz

This quiz provides a reasonably good estimate based on a weighted score of commonly availed tax incentives.

Do you have an ongoing home loan?

Yes No/Not applicable

If you have a home loan, does the annual interest paid on it exceed 2 lakhs? Yes No/Not Applicable

Do you plan to purchase an additional health insurance policy for you and your dependents?

Yes No

Do you plan to buy a term insurance policy?

Yes No

Do you have an ongoing education loan? [You can claim tax deduction on education loans.]

Yes No

Will your investments in equity mutual funds, PPF, EPF, VPF exceed a combined value of 1.2 lakhs this year? Yes No

Do you foresee a major expense coming up within the next three years? (Expensive post-graduation course, wedding, down payment for a house) Yes No

Do you plan to invest in NPS this year? Yes No

If you live in a rental property, will you be able to provide rental proofs? Yes No/Not Applicable

Do you plan to travel to a faraway destination this year? This could be a trip home or a vacation. Yes No



Previous



Next

Time is Up!

CancelSubmit Quiz







Procedure 4: Use this simple calculator from Indian tax department

Income tax department has provided a quick calculator to help you assess. There are only two fields to input.

Your annual income &The combined value of deductions and exemptions you plan to take this year



[image error]

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And that’s it.

I’m guessing by now you’ve got a fair idea of which regime to pick for this year.

Good luck!

[image error]

The post Old Vs New Tax Slab: Take The Quiz to Decide appeared first on The Moneyplanting Program on Employee Financial Wellness | Vinod Desai.

Tax saving mutual funds: For who, and when to sell

This might be too basic a post for most subscribed readers of this site. But tax saving mutual funds are typically the first point of entry for most new mutual fund investors. So it made sense to have something on it. The whole post has been written in F.A.Qs, with clearly visible Qs. Feel free to jump skip all the questions you are certain you know.

We’re not going to explain what an equity mutual fund is. If you don’t fully understand how an equity mutual fund works, try the links at the end of the post.

What are tax saving mutual funds?

They’re a special kind of equity mutual funds.

They have a 3-year lock-in. They help you save taxes. Your investment into it qualify for a deduction under Section 80C.They primarily invest in large-caps and blue chips.Since they’re intended to help you save money for our future, these mutual funds are also called Equity Linked Savings Schemes — ELSS for short.



Who should invest in tax saving mutual funds?

To invest in them and be carefree about the decision, you need to meet all this criteria.

You absolutely don’t need the money you’ve invested over the next 3 years



In the first 3 years, you have no access to your money whatsoever. It’s a complete lock. If you’re investing monthly using an SIP, the units you received at the end of your SIP, will move out of lock-in 3 years later. FIFO. Get?



You don’t need most of that money over the next 7 years



Equity investments( tax-saving, stocks, mutual funds or otherwise) aren’t like FDs. They aren’t supposed to go up day after day, year after year. Sure they generate better returns than other asset classes, but they take time. During this time, your investment may grow very little, shrink in value or grow a lot. There’s no way to predict a market recession, a correction or a crash.Even economists and financial pundits can’t — case in point, they predicted a recession each year for the last 10 years. So over these five to seven years, you should be comfortable with the idea that your money hasn’t grown, or that it’s even reduced in its value.



You understand equities reasonably well



If not, there’s a likelihood you might be in for much disappointment.



Tax saving mutual funds : What happens after 3 Year lock-in?



You’ll be able to sell the units which have finished 3 years anytime you please. There are no restrictions thereafter. It’ll then behave as any other non tax-saving mutual fund.



Tax saving mutual funds : Should you sell them after 3 Years?

The simple answer; No.

There is no reason to sell/liquidate a tax-saving mutual fund, just because it’s out of the 3 year lock-in period. The point being, that selling off or liquidating any of your investments should be based on your goals.

After the 3-year lock-in, nothing about the fund changes fundamentally. The fund manager still runs the fund the same way as he/she did earlier. So if the fund has continued to perform well, you can stay invested and let the money grow.

Equities work best when you stay invested for the long term. See the best and worst of what happened to 1 Lakh of investment in a equity mutual fund, when it was left untouched for 20 years here. This, despite the stock market witnessing several minor and at least one major crash.

So, unless you need the money to fund an immediate need, stay invested. Or, you could even choose to move only some of it into debt product, and let the rest grow.

Remember though, that debt mutual funds and debt products like FDs are a good way to protect your money, but not grow it. So you’ll need to strike a balance, depending on how much of it you can let grow, and how much you need to protect.

This answer applies to any equity mutual fund investments; not just to ELSS funds. Always invest/liquidate based on needs and goals. And if necessary, stagger your sales/shift across asset classes.

[That last sentence might be a little hard to comprehend for beginners. If you did find that tricky, I urge you to read up more. This is stuff which will help through your entire lifetime.]

Good luck.

Book’s page numbers for reference



To understand more about mutual funds in general, try pages 80-98 To read more about tax-saving mutual funds, try pages 86 and 91.Understand large caps and Bluechips pages 29 through 62.To understand deductions and exemptions, try pages 186-200

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The post Tax saving mutual funds: For who, and when to sell appeared first on The Moneyplanting Program on Employee Financial Wellness | Vinod Desai.

Should you invest in NPS? And the irony of it. [July 2020 Review]

Should you invest in NPS?

This post takes a look at how NPS works, its options and whether you should invest in it. The whole post is in sections and bulleted points so just skip the parts you think you already know.

THE IRONY OF NPS

NPS (National Pension Scheme) is a retirement product created keeping in mind the needs of the masses — especially those who lack an adequate knowledge of finances.

But; to understand NPS well, one needs to know quite a lot about finances.

As a matter of fact, if you decide to understand NPS from scratch, you’ll pretty much be able to understand the entire investment landscape.

Why?

Because you’ll need to know about:

Stocks (Equities and their risks)Debt (Fixed income products)Government Debt Corporate DebtAnnuitiesTaxation (deductions, exemptions, tax brackets)Mutual fundsSalary structureAsset allocationOther retirement focused products like PPF, VPF, EPF etc.







SHOULD YOU INVEST IN NPS: THE BASICS



It’s a product designed specifically with retirement in mind. Is a combination of a bank account you can’t easily withdraw out of, and a mutual fund.You open an account like you would in a bank, and then invest into products which operate like mutual funds.These funds could either be debt-based(Debt products are designed to protect your money), or on equity-based(which primarily is designed to grow your money) NPS matures when you’re sixty years old. Some partial withdrawals are allowed. But the entire product is primarily designed to ensure maximum lock-in.







SHOULD YOU INVEST IN NPS: TAX SAVING

Both you and your employer can contribute towards your NPS.

For the amount that you are contributing to your NPS:



Your investment(up to 10% of your salary) is deductible under section 80C.But for NPS, you can contribute an additional 50,000, and claim it as a deduction as well. [under section 80CCD(1)]



For the amount that your employer is contributing to your NPS:



Like in EPF, your employer can also contribute towards your NPS.If your employer is also contributing to your NPS, their contribution will be exempt until a maximum of 10% of basic salary (Under Section 80CCD(2))



SHOULD YOU INVEST IN NPS: WHERE DOES THE MONEY GO?

Your money is managed in instruments called Pension funds.

There are about 8 pension funds as of today. And they are managed by firms like SBI, ICICI, UTI, LIC, HDFC etc. The fund manager options are different depending upon whether you are employed by the government, or by a private firm.

You have the option to choose between various fund managers, which adds another layer of complexity to an already complicated product.

SHOULD YOU INVEST IN NPS: TIER-2 ACCOUNT?

By default, when you open an NPS account, you open what’s called as a Tier-1 account. But there’s also something called a Tier-2 account.

What’s the difference between a Tier-1 and Tier-2 account anyway?

If you consider the way they operate, there’s no difference.

A Tier-2 account is something you open if you want to invest more into your retirement planning and want to use NPS for it. It can only be opened once you already have a Tier-1 account.The key difference is that a Tier-2 account has no tax benefits whatsoever – either when you’re contributing or when you’re withdrawing.At the same time, Tier-2 has no lock-ins either.







SHOULD YOU INVEST IN NPS: DIFFERENCE BETWEEN AUTO & ACTIVE

Within a Tier-1 or Tier-2 account, you’ll need to decide between Auto mode and Active mode.

Active-choice



In active, you can select between debt and equity. You basically decide how much of your contribution goes to equities and how much to Debt (You chose between Equities(E), Government bonds(G), Corporate bonds(B) and Alternate Assets(A))Maximum allocation to equity is limited to 75%.You need to decide a fund manager from a list of 7 or 8. HDFC, UTI & ICICI are currently doing better among them.



Auto-choice



In auto-choice, the allocation between equities and debt is automatically adjusted as you age. Your debt allocation is slowly increased and equity allocation is slowly reduced.Until 30s, you’ll have about 20% exposure to debt.

You can switch between the two choices twice a year, for free.

SHOULD YOU INVEST IN NPS: TAX AND WITHDRAWAL



If you withdraw once you’re 60 years old



60% of the corpus can be withdrawn as a lump sum amount. This is tax-free.Remaining 40% mandatorily needs to be invested in a low-interest annuity product. This will provide you monthly income and will be taxable as per your tax-slab then.



If you decide to withdraw before 60



Only 20% can be withdrawn. And you will be taxed as per your slab.The remaining 80% will be stuck in annuities.



Are partial withdrawals allowed in NPS?



Yes. You are allowed to withdraw 25% of contribution after three years for ‘defined expenses’ – things like children’s higher education, weddings, construction of first house, medical emergencies etc. About 3 withdrawals are allowed during the entire tenure.







SHOULD YOU INVEST IN NPS: THE DOWNSIDES



NPS has low liquidity; which means that most of your money stays locked up and unavailable to you during the duration – but that was the very intention behind the design of the product. Forced annuity investment of 40% of corpus is bad. This is taxable at your end. Annuities provide low, to very low returns. But again, this was designed to provide you with a monthly income source.Complexity. It’s hard to think of any other retail investment product in India which is as complicated as NPS.







SHOULD YOU INVEST IN NPS: REVIEW RECOMMENDATION



If you are in your 20s

Avoid NPS like the plague.

There is absolutely no reason why you should have your money stuck in an investment product so long, since most benefits of NPS are only available once your 60.You may need access your cash to start a new venture, for higher education, or for your wedding. Even if none of that is true, you’re still looking at locking up your investment for a staggering 40 years.



If you are in your 30s, and lack an understanding of finances

Take up NPS with the Auto option.

It absolves you from the burden of learning about finances, while ensuring you are still saving for retirement.Auto option will ensure balancing between growing your money and protecting your money will happen automatically – which is again one less thing you’ll need to understand.



If you are aged 30 or more, and understand finances reasonably well

Avoid NPS.

You may not like the extremely long lock-ins and the lack of flexibility. You can avoid the extremely long lockins and manage your asset allocation using a combination of other products. You’ll also not have a massive 40% of your corpus stuck in annuities when you retire.



If you are aged 30 or more, and understand finances very well

You can consider taking up the NPS Active option – for a hidden, rarely discussed reason.

Since you probably also understand interest rate scenario changes, and know when the markets are overweight, you might be the type who alters asset allocations often. And in NPS, you’ll be able to switch back and forth between equities and debt at zero cost. If you tried switch between Debt and Equities in other investments, you’ll end up paying a lot in capital gains taxes. But NPS will allow you to balance your asset allocation without the tax overheads. Because of the same reason, even a Tier-2 option will make sense for you.



If you are aged 45 or more, and don’t understand finances well

Take up NPS Auto option.

Why?

Within just 15 years you’ll have access to your corpus. That’s still a considerably long lock-in, but not as bad as being in your 20s. You’re closer to retirement so getting a fixed monthly income from annuities wouldn’t a terrible thing.



If you are aged 45 or more, and have accumulated reasonable wealth

Take up NPS Active option and allocate 50-70% to equities.

Why?

Within just 15 years you’ll have access to your corpus.Not to mention the fact that you’ll be investing in a product with low management costsYou’re closer to retirement so getting a fixed monthly income from annuities wouldn’t a terrible thing. Since you have other assets already which will help you live reasonably well once you’ve retired, it’s ok to take the risk of equities with NPS. If you’re 45, you’re still looking at 15 years of equity exposure.

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If you’d like to understand more about Investing in general so you can invest better, give this book a try. It should give you an easy 10-year head start on your knowledge of finances.

And that concludes the topic of NPS. Have a good weekend.

Vinod

The post Should you invest in NPS? And the irony of it. [July 2020 Review] appeared first on The Moneyplanting Program on Employee Financial Wellness | Vinod Desai.

Should you invest in NPS? And the irony of it. [Feb 2020]

Should you invest in NPS?

This post takes a look at how NPS works, its options and whether you should invest in it. The whole post is in sections and bulleted points so just skip the parts you think you already know.

The Irony of NPS

NPS is a retirement product created keeping in mind the needs of the masses – especially those who lack an adequate knowledge of finances.

But,

to understand NPS well, one needs to know quite a lot about finances.

As a matter of fact, if you decide to understand NPS from scratch, you’ll pretty much be able to understand the entire investment landscape.

Why?

Because you’ll need to know about:

Stocks (Equities and their risks)Debt (Fixed income products)Government Debt Corporate DebtAnnuitiesTaxation (deductions, exemptions, tax brackets)Mutual fundsSalary structureAsset allocationOther retirement focused products like PPF, VPF, EPF etc.







Should you invest in NPS: The Basics



It’s a product designed specifically with retirement in mind. Is a combination of a bank account you can’t easily withdraw out of, and a mutual fund.You open an account like you would in a bank, and then invest into products which operate like mutual funds. Investment matures when you’re sixty years old. Some partial withdrawals are allowed. But the entire product is primarily designed to ensure maximum lock-in.







Should you invest in NPS: Tax implications



For the amount that you are contributing to your NPS:



Your investment(up to 10% of your salary) is deductible under section 80C.But for NPS, you can contribute an additional 50,000, and claim it as a deduction as well. [under section 80CCD(1)]



For the amount that your employer is contributing to your NPS:



Like in EPF, your employer can also contribute towards your NPS.If your employer is also contributing to your NPS, their contribution will be exempt until a maximum of 10% of basic salary (Under Section 80CCD(2))







Should you invest in NPS Tier-2 account?



What’s the difference between a Tier-1 and Tier-2 account anyway?

If you consider the way they operate, then there’s no difference.

A Tier-2 account is something you open if you want to invest more into your retirement planning and want to use NPS for it. It can only be opened once you already have a Tier-1 account.The key difference is that a Tier-2 account has no tax benefits whatsoever – either when you’re contributing or when you’re withdrawing.At the same time, it has no lock-ins either.







Should you invest in NPS: Difference between Active and Auto



Active-choice



In active, you can select between debt and equity. You basically decide how much of your contribution goes to equities and how much to Debt (You chose between Equities(E), Government bonds(G), Corporate bonds(B) and Alternate Assets(A))Maximum allocation to equity is limited to 75%.You need to decide a fund manager from a list of 7 or 8. HDFC, UTI & ICICI are currently doing better among them.



Auto-choice



In auto-choice, the allocation between equities and debt is automatically adjusted as you age. Your debt allocation is slowly increased and equity allocation is slowly reduced.Until 30s, you’ll have about 20% exposure to debt.

You can switch between the two choices twice a year, for free.

Should you invest in NPS: Withdrawal



If you withdraw once you’re 60 years old



60% of the corpus can be withdrawn as a lump sum amount. This is tax-free.Remaining 40% mandatorily needs to be invested in a low-interest annuity product. This will provide you monthly income and will be taxable as per your tax-slab then.



If you decide to withdraw before 60



Only 20% can be withdrawn. And you will be taxed as per your slab.The remaining 80% will be stuck in annuities.



Are Partial withdrawals allowed in NPS?



Yes. You are allowed to withdraw 25% of contribution after three years for ‘defined expenses’ – things like children’s higher education, weddings, construction of first house, medical emergencies etc. About 3 withdrawals are allowed during the entire tenure.







Should you invest in NPS: The Downsides



Very low liquidity; most of your money stays locked up and unavailable to you during the duration – but that was the very intention behind the design of the product. Forced annuity investment of 40% of corpus is bad. This is taxable at your end. Annuities provide low, to very low returns. But again, this was designed to provide you with a monthly income source.







Should you invest in NPS? Final recommendations



If you are in your 20s

Avoid NPS like the plague.

There is absolutely no reason why you should have your money stuck in an investment product so long, since most benefits of NPS are only available once your 60.You may need access your cash to start a new venture, for higher education, or for your wedding. Even if none of that is true, you’re still looking at locking up your investment for a staggering 40 years.



If you are in your 30s, and lack an understanding of finances

Take up NPS with the Auto option.

It absolves you from the burden of learning about finances, while ensuring you are still saving for retirement.Auto option will ensure balancing between growing your money and protecting your money will happen automatically – which is again one less thing you’ll need to understand.



If you are aged 30 or more, and understand finances reasonably well

Avoid NPS.

You may not like the extremely long lock-ins and the lack of flexibility. You can avoid the extremely long lockins and manage your asset allocation using a combination of other products. You’ll also not have a massive 40% of your corpus stuck in annuities when you retire.



If you are aged 30 or more, and understand finances very well

You can consider taking up the NPS Active option – for a hidden, rarely discussed reason.

Since you probably also understand interest rate scenario changes, and know when the markets are overweight, you might be the type who alters asset allocations often. And in NPS, you’ll be able to switch back and forth between equities and debt at zero cost. If you tried switch between Debt and Equities in other investments, you’ll end up paying a lot in capital gains taxes. But NPS will allow you to balance your asset allocation without the tax overheads. Because of the same reason, even a Tier-2 option will make sense for you.



If you are aged 45 or more, and don’t understand finances well

Take up NPS Auto option.

Why?

Within just 15 years you’ll have access to your corpus. That’s still a considerably long lock-in, but not as bad as being in your 20s. You’re closer to retirement so getting a fixed monthly income from annuities wouldn’t a terrible thing.



If you are aged 45 or more, and have accumulated reasonable wealth

Take up NPS Active option and allocate 50-70% to equities.

Why?

Within just 15 years you’ll have access to your corpus.Not to mention the fact that you’ll be investing in a product with low management costsYou’re closer to retirement so getting a fixed monthly income from annuities wouldn’t a terrible thing. Since you have other assets already which will help you live reasonably well once you’ve retired, it’s ok to take the risk of equities with NPS. If you’re 45, you’re still looking at 15 years of equity exposure.







Attend a live program and understand finances better



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The Moneyplanting Program is conducted as a corporate training program and is available through your employer.

Check with your HR for upcoming scheduled sessions.

And that concludes the topic of NPS.

Happy Moneyplanting.

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The post Should you invest in NPS? And the irony of it. [Feb 2020] appeared first on The Moneyplanting Program on Employee Financial Wellness | Vinod Desai.

Mutual fund commissions in India; and the wealth lost to them

TL;DR: This post lists mutual fund commissions in India, which paid to various financial advisors and distributors in India, in an easily sortable and searchable table. All data is from 2018-2019. To see how much your advisor, bank, or mutual fund investing platform has made in commissions, simply enter their name. Jump to the table by clicking here.

Mutual fund commissions in India

I’ve written plenty of posts on mutual fund commissions and how they’ve gotten out of hand. You can read this and this to know what they are, and how they affect your wealth.

Commissions can be easily avoided.

But the lack of good financial education resources ensures there are plenty of individuals who remain unaware. But every mutual fund investor needs to be aware of commissions, because directly or indirectly, these are paid out of their hard-earned wealth. And unfortunately, the magnitude of these commissions is never voluntarily disclosed.

This was the amount paid to financial middlemen last year alone. (FY 2018-19)

8500 Crores

What’s an example of a middleman?

A middleman/distributor could be:

Your Financial Advisor or Financial Planner (Individual or Firm)Your Bank (via your personal relationship manager, or bank manager)That free website you use to invest in mutual fundsYour De-mat account providerYour Financial Wellness Education provider (India is replete with financial distributors masquerading as financial education providers)



What is AMFI Commission disclosure

Every year, AMFI (short for Association of Mutual Funds in India) discloses the commissions which were paid to distributors. This is released in a PDF format and is rather hard to sift through. It also contains a a bit more data besides commission details. You can find the source PDF on AMFI’s website here.

What then is this table below?

It’s exactly the same as the AMFI list in the link before. The only difference is that it’s easily sortable and searchable. The full list has more than 1000 entries. The table, at one point only displays 50 at a time. Use the search bar to easily look for a specific advisor/distributor.

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Mutual fund commissions in India paid to distributors in 2018-19






Name of the Distributor/ARN HolderGross Amount paid in Crores




NJ IndiaInvest Pvt Ltd807.67


Axis Bank Limited555.63


HDFC Bank Limited496.67


State Bank of India487.58


ICICI Bank Limited355.26


ICICI Securities Limited318.85


Kotak Mahindra Bank Limited255.01


Prudent Corporate Advisory Services Ltd234.72


Citibank N.A181.85


IIFL Wealth Management Limited176.11


Standard Chartered Bank150.77


Anand Rathi Wealth Services Limited121.09


Hongkong & Shanghai Banking Corporation Ltd.113.64


Indusind Bank Ltd94.94


Bajaj Capital Ltd.92.06


Julius Baer Wealth Advisors (India) Private Limited90.56


Karvy Stock Broking Limited88.01


JM Financial Services Limited62.23


Pioneer Client Associates Private Limited59.33


ADITYA BIRLA FINANCE LIMITED52.59


L & T CAPITAL MARKETS LIMITED52.49


Deutsche Bank AG51.16


HDFC Securities Ltd48.48


SPA Capital Services Limited47.87


Canara Bank47.69


Geojit Financial Services Ltd46.27


Wealth India Financial Services Pvt Ltd45.82


Bluechip Corporate Investment Centre Ltd31.28


IDBI Bank Ltd31.20


Sharekhan Limited30.75


Darshan Services Private Limited29.37


Centrum Wealth Management Ltd29.10


Motilal Oswal Wealth Management Ltd27.12


IIFL SECURITIES LIMITED26.56


Yes Bank Limited25.68


Ask Wealth Advisors Private Limited24.87


IIFL WEALTH ADVISORS INDIA LIMITED22.86


Eastern Financiers Ltd.21.95


Credit Suisse Securities India Pvt Ltd20.43


SMC Global Securities Limited20.21


Integrated Enterprises (India) Pvt Ltd20.19


Barclays Securities (India) Pvt Ltd19.79


Batlivala & Karani Securities India Pvt. Ltd.18.96


Sundaram Finance Limited18.43


Bank Of Baroda18.35


Union Bank of India18.17


Bharat Bhushan & Co.17.48


Wealth Managers (India) Private Limited17.35


Motilal Oswal Securities Ltd.17.27


DBS Bank Ltd.17.25


Edelweiss Broking Limited16.79


Axis Securities Limited16.73


Barjeel Geojit Financial Services LLC15.48


S J Investment Services Pvt Ltd14.76


AUM Capital Market Pvt Ltd14.69


KRUSHNA FINSERV LLP14.64


THREE CUBE WEALTH ADVISORY LLP14.08


Jain Investment Planner Pvt Ltd13.61


Naik Wealth Planners Pvt Ltd12.87


Sapient Wealth Advisors And Brokers Pvt Ltd12.85


Ifast Financial India Pvt Ltd12.72


Muthoot Securities Ltd12.56


AM WEALTH MANAGERS PVT. LTD12.33


MFA Consulting Pvt. Ltd.11.94


J R Laddha Financial Services (P) Ltd.11.87


Blue Edge Associates LLP11.65


Wealth First Port Folio Managers Ltd11.61


Edge Wealth Management Services LLP11.47


Trust-Plutus Wealth Managers (India) Pvt Ltd11.34


Avendus Wealth Management Pvt Ltd11.11


SANCTUM WEALTH MANAGEMENT PRIVATE LIMITED10.83


Brain Point Investment Centre Pvt Ltd10.20


RBL Bank Limited10.15


VSRK WEALTH CREATOR PVT LTD10.05


UNMAJ ASSOCIATES LLP10.02


Stock Holding Corporation of India Limited10.01


HM Mercantiles Pvt. Ltd9.81


Shivranjani Securities Company Pvt Ltd9.68


Abacus Corporation Private Limited9.66


SRIVIDYA ENTERPRISES LLP9.63


Gaurav Ganpule9.61


Anand Rathi Share And Stock Brokers Limited9.60


Indus Capital9.55


KNS Consulting Pvt Ltd9.21


Dhruv Lalit Mehta9.13


SKP Securities Limited8.81


BNP Paribas Wealth Management India Pvt Ltd8.78


Kotak Securities Ltd8.62


Leader Care Finance8.59


SPA GLOBAL PVT LTD8.59


Scripbox.Com India Pvt Ltd8.55


Cholamandalam Securities Ltd8.11


Shagun Sutaria Stock Broking Private Limited8.08


ACE WEALTH MANAGERS8.01


Mata Securities India Pvt. Ltd7.93


Sift Capital7.91


MONEYGAIN CONSULTANTS PRIVATE LIMITED7.85


Indsec Securities And Finance Ltd.7.78


Wiseinvest Advisors Pvt. Ltd.7.42


JHAVERI SECURITIES LTD7.37


BEYOND LIFE FINANCIAL SERVICES LLP7.30


Wealth First Advisors Pvt Ltd7.18


Capital League6.93


Sajag Securities Private Limited6.86


Russell Credit Limited6.78


Roopa Venkatkrishnan6.77


Way2Wealth Securities Private Limited6.66


KREDERE WEALTH PARTNER PVT LTD6.66


Tata Capital Financial Services Ltd.6.63


LA CREME DE LA CREME SERVICES LLP6.63


OCEAN CAPITAL MARKET LTD6.61


SLA FINSOL PRIVATE LIMITED6.53


Ranjan Simanchal Panigrahi6.53


Chadha Investment Consultant Pvt Ltd6.52


Autus Wealth Management Private Limited6.44


Bank of India6.37


Think Financial & Insurance Cons Pvt Ltd6.36


Frontline Securities Ltd6.33


Ventura Securities Ltd6.32


Wealth Managers United India Private Limited6.06


RR Investors Capital Services Pvt Ltd.5.93


Alpha Capital5.91


UTI Infrastructure Technology And Services Ltd5.78


EURASIA CAPITAL SERVICES5.78


Coolbrain Consultants Private Ltd.5.76


Rashmi Thukral5.65


Ganesh Shridhar Shanbhag5.65


Complete Circle Consultants Pvt Ltd5.64


Madhuvan Securities Private Limited5.62


Kartik Amrish Gandhi HUF5.53


Hari Ghanashyam Kamat5.53


Peakalpha Investment Services (P) Ltd.,5.47


Dalal & Broacha Stock Broking Pvt. Ltd.5.45


Mukesh R Parikh5.44


Safe Assets5.38


Tata Securities Limited5.37


Sadashiv Arvind Phene5.35


Vcare Investment Services Pvt. Ltd.5.32


Vista Wealth Consultants Private Limited5.31


Prescient Financial Solutions5.27


Milestone Financial Advisory Pvt Ltd5.21


Ramesh Chand Maloo5.20


Shalibhadra Master Investment Brokers LLP5.20


PUROHIT CONSULTANCY LLP5.18


Money Honey Financial Services Pvt Ltd5.15


AADI WEALTH MANAGEMENT (P) LTD.5.11


ADITYA BIRLA MYUNIVERSE LIMITED5.06


Angel Broking Limited5.05


Mangsidhesh Investments Pvt Ltd5.05


Suvridhi Capital Markets Private Ltd4.93


BANAYANTREE SERVICES LIMITED4.89


Manjula S4.81


MONEYMATICS FINANCIAL SERVICES LLP4.79


RACH INSURE INVEST4.73


Edelweiss Financial Services Limited4.71


Jain Consultancy4.69


Harish S Kotian4.68


SBICAP Securities Limited4.64


Shriram Insight Share Brokers Ltd4.64


MOTILAL OSWAL FINANCIAL SERVICES LIMITED4.64


Intrust Advisors LLP4.61


Divitas Capital Advisors Pvt Ltd4.60


Bluechip Capital Services Private Limited4.60


Kukku Consultants Private Limited4.56


Jennifer Maria Mendes4.52


The Federal Bank Ltd.4.48


CREST FINSERV LIMITED4.48


Reliance Securities Limited4.47


Millennium Finance Limited4.40


DBS BANK INDIA LIMITED4.38


Security Investments Limited4.35


Navneet Kumar,4.30


I CAN Financial Solutions Pvt. Ltd.4.29


Rajbir Singh4.27


SKCL Wealth Management Pvt Ltd4.22


Punjab National Bank4.22


Rachit Consultants4.21


LICHFL Financial Services Ltd4.18


Quant Capital Advisors Private Limited4.12


Almondz Global Securities Ltd4.12


Rakesh Pasricha4.10


Prime Research & Advisory Limited4.07


Axiom Financial Services Pvt Ltd4.05


Aalps Investment Advisory4.02


PTIC (P) Ltd4.00


Harley Securities Pvt Ltd4.00


Shah & Shah Finsol Private Limited3.96


Abchlor Investment Advisors (P) Ltd3.96


Ladderup Wealth Management Pvt Ltd3.93


Reliance Wealth Management Limited3.92


Nonie Kapoor3.92


Comsol Financial Solutions Private Limited3.85


Hari Mohan Gupta3.85


Assetz Premier Wealth Advisory Pvt Ltd3.84


International Money Matters Private Limited3.82


Investor Shoppe Consultancy Private Limited3.80


Kooran Varghese Polson3.80


Shifali Satsangee3.76


Merchant Investment Consultancy Private Limited3.74


IDFC FIRST BANK LIMITED3.74


Rajat Khanna3.72


HFI WEALTH CREATORS PVT LTD3.71


Bonanza Portfolio Ltd3.71


Anjali Investment & Consultants3.70


Deepesh Arora3.70


Nirmal Bang Wealth Solutions Private Limited3.63


FinEdge Advisory Pvt. Ltd.3.62


Etica Wealth Management Pvt Ltd3.60


Oswal Dhan Private Limited3.59


Disha Finance & Investment Pvt Ltd3.59


Nilgiri Financial Consultants Ltd3.58


Power Pusher Financial Services LLP3.56


Ghalla Bhansali Stock Brokers Pvt Ltd3.55


Anandbir Singh3.54


VETE ASSOCIATES Tax & Investments Consultants Pvt Ltd3.46


AUREUS INVESTMENT SOLUTIONS LLP3.45


ESGL CLIENTALLEY SOLUTIONS PRIVATE LIMITED3.42


Ultimate Wealth Managers Pvt Ltd3.39


M/s V.R. INVESTMENTS3.39


Paresh Shantilal Kariya3.37


SKM Management Services3.36


IFAN FINSERV PRIVATE LIMITED3.36


Reliable Investments3.36


Zeenat S Jagani3.35


Hexagon Wealth Advisors3.34


MUTUALFUNDWALA3.34


Sarvodaya Finadvisory Services Pvt Ltd3.30


Mahindra & Mahindra Financial Services Limited3.26


Trade Net Wealth Managers Pvt Ltd3.25


Iqbal Singh3.25


Om Spectrum Financial Consultants Pvt. Ltd.3.24


AR WEALTH MANAGEMENT PRIVATE LIMITED3.24


Sushil Financial Services Pvt Ltd3.20


Blue Chip Investments3.19


P.H. Financial & Investment Consultants Pvt. Ltd.3.19


Monetonic Financial Services Pvt. Ltd.3.18


Nayan Balmukund Saraiya3.17


AYUSHMANN CAPITAL3.15


Salil B Kothari3.15


Satvik Securities Pvt.Ltd3.13


Zen Securities Limited3.13


CHANDLER AND PRICE (I) PVT LTD3.12


Imperial Investment Consultancy Services Pvt. Ltd.3.09


Common Wealth3.09


Ravindra Rajendra Oberoi3.08


Deep Management & Eco Consultants Private Limited3.08


Om Apex Investment Services Private Limited3.08


MEPHEZALEA ADVISORS LLP3.06


Wealthcube Endeavours LLP3.06


Snazzy Wealth Creators3.03


Rushil Financial Services2.99


Ashutosh Financial Services Private Limited2.99


BFC Capital P Ltd2.98


FINE ADVICE PRIVATE LIMITED2.97


Rohit Anand Das2.96


Verdant Financial Advisory Services Private Limited2.95


Dhananjay Manohar Kale2.94


InvestAscent Wealth Advisors Pvt Ltd2.87


Shree Sidvin Financial Services & Invest. Pvt. Ltd.2.85


A.G. Financial Services2.85


Y S CAPITAL.2.83


Bees Network Limited2.83


Safe Investment & Financial Services2.81


Brij Bhushan Marwaha2.81


PLC Securities Ltd2.76


Infinity Finserv (P) Ltd2.73


PMPK WEALTH ADVISORS PVT LTD2.72


Dalmia Advisory Services Pvt Ltd2.71


M D Saraf Securities Private Ltd.2.70


Nestegg Wealth Solutions LLP2.69


Right Horizons Financial Services Pvt Ltd2.69


Relacs Investment & Financial Services Pvt Ltd2.68


TG Financial Consultant2.66


Param Wealth Managers LLP2.65


DCB Bank Limited2.65


Raviraj Investments Corporate (India) Pvt Ltd2.64


Unnati Capital Services Pvt Ltd2.63


FINFREEDOM33 WEALTH MANAGEMENT INDIA LLP2.63


Value Invest Wealth Management (India) Pvt. Ltd.2.62


Aadinath Investment2.62


ECS Financial Services (India) Private Limited2.62


Durga Financial Services Pvt Ltd2.61


BHARATHI SHARE BROKING PRIVATE LIMITED2.60


Moksh Consulting2.59


Fermat Prime Advisors Pvt Ltd2.58


Jayesh Subhash Salvi2.57


D Muthukrishnan2.56


Deepak2.55


Save & Prosper Securities Pvt Ltd2.55


Padam Singh Raj Purohit2.53


Bodevision Finsec Consultants (P) Ltd2.52


P And M Consultants Pvt Ltd2.51


Kishore N.Kewalramani2.51


DMS Investment Advisory (P) Ltd.2.51


Ami Vishal Dalal2.50


Credence Family Office LLP2.50


WMG Advisory & Services Pvt Ltd2.47


Yeshwanth Kumar2.46


DSA Capital Services2.43


Priti Ajit Kucheria2.42


RPA FINANCIAL CONSULTANTS PRIVATE LIMITED2.42


Invest 'N' Gain Financial Services2.41


Mukund Seshadri2.40


Kalyani Capital Services Pvt. Ltd.2.40


KINJAL INVESTMENT CONSULTANCY2.40


Deepanshu Singhal2.39


MUTUAL CAFE2.39


Keynote Consultancy2.39


LKP Securities Limited2.38


Dipankar Das2.37


Pallav Bagaria2.35


BELLWETHER ADVISORS LLP2.35


Tandon And Mahindra Consultancy2.34


Chirag Stockbroker Pvt Ltd2.34


ALMONDZ WEALTH ADVISORS LTD2.33


FINE TECH CORPORATION PRIVATE LIMITED2.31


Bimal Mansukhlal Panchamia2.30


Ishwar Financial Services2.29


Suraj Prakash2.28


Manoj D Shankar2.28


FINWIZARD TECHNOLOGY PVT LTD2.26


Utkarsh Wealth Advisors2.25


Bhavesh Mahavir Khetan2.23


K W Wealth Advisors Pvt Ltd2.23


Crescore Wealth Management Services Pvt. Ltd.2.22


Ankit Aggarwal2.22


Mukesh Dokania2.22


R.L.P. Securities Pvt. Ltd.2.22


Jayakumari Ishwarlal Shah2.20


CONSUULTME FINANCIAL SERVICES LLP2.20


SMR Consultancy Private Limited2.20


Sunkersett Investment Intermediaries LLP2.19


Master Capital Services Ltd2.19


Value Ethics Wealth Managers Pvt Ltd2.19


Vishal Bharat Modi2.18


Rajinder Pal Singh Anand2.17


Sujash Securities Private Limited2.17


Allegro Capital Advisors Pvt Ltd2.16


Diva Jyote Portfolios Private Limited2.16


GOYAMA FINANCIAL SERVICES2.13


Yash Consultants2.13


Akasa Securities & Financial Services Pvt. Ltd2.13


Vijay Financial Consultants Pvt Ltd2.11


Zeus Investment Solutions2.11


Ambit Capital Private Limited2.11


Yezdi Framroz Langrana2.10


Narnolia Securities Ltd2.10


Sanjay Mahendrakumar Nanavati2.10


Vivek Mahajan2.10


Wealthcare Securities Private Limited2.09


Transcend Investment Advisors Pvt Ltd2.08


Rajat Bhargava2.07


3I WEALTH ADVISORS LLP2.07


Ace Wealth Management Private Limited2.07


CRESCAT ADVISORS LLP2.06


Paisabazaar Marketing And Consulting Private Limited2.05


S & A Wealth Managers2.04


Cedrus Consultants Private Limited2.04


Bhavik Girish Dand2.04


Shashank Agarwal2.03


Great Fortune Investments and Infrastructures Pvt.Ltd.2.02


Ashwin Rasiklal Vajani2.02


Mukesh P Mehta2.01


Mukesh Kumar.M2.00


LINTAS MONEY2.00


Gupta Capital Investment Centre2.00


Arun Vishwanath Lagu2.00


Samir Vora1.98


Gitanjali Sutrave1.98


Ramkumar H Barchha1.98


Ara Management Solutions Pvt Ltd1.98


PROINVEST WEALTH MANAGERS PVT LTD1.96


Systematix Shares And Stocks (India) Ltd1.95


Simpson & General Finance Company Limited1.95


Sangeeta Milind Chitnis1.94


Verity Finsolutions Pvt. Ltd1.94


ADITYA & SONS1.94


Kirti Tejas Merchant1.94


Yogesh Jayant Shah1.93


Varsha Investments1.93


VUK Finvest Consultants Pvt Ltd1.93


LIFE PLUS1.92


WISE FINSERV PVT. LTD1.91


BANDHAN BANK LTD1.91


Prakala Wealth Management Private Ltd1.91


Addon Wealth Consultancy (P) Ltd.1.90


ORANGE GLOBAL ADVISORY PVT LTD1.90


Kanga Financial Services Pvt Ltd1.90


Three Cheers1.90


Jayasha Share Consultants1.90


Nilkanth K Nagarkar1.90


Vinit Chandulal Vasa1.89


Sujata Khushrav Kabraji1.89


Colaco & Aranha1.89


ACCORD FINANCIAL SERVICES LLP1.88


Dhanlaxmi Bank Limited1.88


SARTH WEALTH ADVISORS PRIVATE LIMITED1.88


CITADELLE ASSET ADVISORS PVT. LTD.1.86


Relan Industrial Finance Ltd.1.86


Samsang Financial Consultants1.86


Hemant Suryakant Powale1.84


Dipak Kumar Das1.84


Valsangkar Ravindra Murlidhar1.84


Allegiance Associates1.84


Catalyst Financial Planning1.84


CLAIRFIN CAPITAL SERVICES1.83


Saibal Biswas1.83


Finnovators Solutions Pvt Ltd1.83


Gupta Investments1.82


BLACK & WHITE FIN SOLUTIONS LLP1.82


Kaajal Suresh Thadani1.81


ZVEST FINANCIAL SERVICES LLP1.81


GEPL CAPITAL PRIVATE LIMITED1.80


Paterson Securities Pvt Ltd1.79


Hexagon Capital Advisors Private Limited1.78


Sonic Investments1.78


Edge Corporate Services Pvt Ltd1.78


SAURABH JAYANT SHAH HUF1.78


Veena Chandra1.77


Swan Investmentors Pvt Ltd1.77


MFA WEALTH SOLUTIONS PRIVATE LIMITED1.77


Purplepond Investment Advisory Private Limited1.77


Mani Sharma1.77


HEDGE FINANCE LTD1.76


Sources Solutions India Pvt. Ltd.1.76


RISK AND ASSET MANAGEMENT SOLUTIONS1.76


HEMANT FINSERVE LLP1.76


INFINITY CAPITAL1.76


OUTLOOK ASIA CAPITAL1.75


EMERGING FINCARE CONSULTANCY PRIVATE LIMITED1.75


Blue Circle Financial Services1.75


Rohitashwa Kumbhkar1.75


EQUITAS SMALL FINANCE BANK LIMITED1.75


Rahul Sethia1.74


RM ASSET ADVISORS LLP1.74


Poornima Jain1.74


Samruddhi Investment1.74


Finanzindia1.74


KPW Insurance & Investment Consultants (Pvt.)Ltd1.74


Poddar Financial Services1.73


Domingo John Rohan Rebello1.73


Asit Haresh Bhansali1.73


Rajiv Bose1.73


Pentagraph Partners1.72


Dhanesh M. Shah1.71


Farr Lapp Investments1.71


Yashwant Amarsingh Rathod1.71


Plan Ahead Wealth Advisors Pvt. Ltd.1.70


Saurabh Kumar Singh1.69


SHRI MASUN FINANCIAL SERVICES1.69


SQUIRREL CONSULTING PVT LTD1.68


Parimal Sadashivrao Ade1.68


WEALTHWISE ADVISORS1.68


Purnima Securities Pvt Ltd1.68


Mukesh Kumar Vinodlal Shah1.67


Karan Agarwal1.67


Net Brokers Private Limited1.67


Quadratic Financial Services Pvt Ltd1.67


Rajendra Pachare1.67


Chaitanya Financial Consultancy Pvt Ltd1.66


Pihas Mukesh Parikh1.66


Darashaw & Co. Pvt Ltd1.66


WEALTHAPP SOLUTION PRIVATE LIMITED1.66


Vinay O Rathi1.66


GENEXT WEALTH ADVISORS1.65


Emkay Global Financial Services Limited1.65


Sonal Rajesh Rawani1.65


Anil Khera1.65


Money Options Services Pvt Ltd1.64


Jainy Tejash Shah1.63


FUNDCHOICE FINANCIAL SERVICES PVT LTD1.63


Vedansh Securities1.62


Mohit Beriwala1.62


Manu Financial Services1.61


Pegasus Advisory Private Limited1.61


Tayal Capitals1.61


Capital Builders1.60


Rajesh Tuteja1.60


HCL Global Processing Services Ltd1.60


CREDEL CAPITAL ADVISORS LLP1.60


TRANQUIL CAPITAL1.60


SILVERLINE WEALTH MANAGEMENT SERVICES1.59


CRYSTAL VISION WEALTH MANAGERS PRIVATE LIMITED1.59


Amitkumar D Mehta1.59


Globe Capital Market Ltd1.58


Basic Financial Services Pvt Ltd1.58


NAGDEV WEALTH PLANNING SERVICES LLP1.57


Right Choice Securities Pvt Ltd1.57


The Karnataka Bank Limited1.56


Sapthagiri Portfolio Mgmt Private Limited1.56


Kalyani Ketan Rachchha1.56


Savitri Agrawal1.56


Pace Financial Advisors LLP1.55


Sab Investments1.55


Priyanka Wealth Management Pvt Ltd1.54


Subras Investments1.54


Pawan Kumar Agrawal1.54


Prabhudas Lilladher Pvt Ltd1.54


Mentor Wealth Consultants Pvt Ltd1.53


Insynch Wealth Management LLP1.53


Blue Ocean Multi Client Family Office LLP1.52


Alchemy Capital Management Pvt Ltd1.52


Pranjal Apoorva Wagh1.52


CRVJ Investment Consultants Pvt.Ltd.1.52


DHANSANCHAY WEALTH CREATIONS LLP1.51


Shubhangi Gopal Pai1.51


Birendra Kumar1.51


MONEY BOLISM FINANCIAL SOLUTIONS PRIVATE LIMITED1.51


VJB Financial Services Pvt Ltd1.51


Vision Ahead Services (Pvt) Ltd1.50


Meri Punji Imf Private Limited1.50


Rikhav Suresh Desai1.50


Laxmi Narayan Gupta1.49


B D Shroff Securities Private Limited1.49


Sachin Shashikant Parekh1.49


Fortune Finsec Pvt Ltd1.48


FINBUCKS Financial Management1.48


M/S Milestone Financial Consultants1.48


AUM Insure And Secure Pvt Ltd1.47


OMEGA FINANCIAL1.47


Jiten Arjun Karnani1.47


Nitin N Odhawani1.46


Abhishek Sunil Gupta1.46


Padmanaban B1.46


Sanat Kacker1.46


KANGAROO ADVISORS1.46


Nimish Kantilal Unadkat1.45


S S Broking House & Consultants Pvt Ltd1.45


Essel Finance Wealth Services Pvt Ltd1.45


MPOWER FINANCIAL ADVISORS1.45


Prakash Investments1.45


Jignesh V Shah1.44


K Arun Kumar1.44


Equations1.44


MARWAHA HOLDINGS PRIVATE LIMITED1.44


Wealthcare Investment Services1.43


Aahlada Securities Pvt Ltd1.43


TCM Advisory Pvt Ltd1.43


Chandrakant Kashinath Amritkar1.43


Jury Advisory Services Pvt Ltd1.43


Varughese Mathai.K1.43


Saksham Securities Pvt Ltd1.42


Invest & Prosper Financial Services1.42


Asit C. Mehta Investment Intermediates Ltd1.42


Nand Kishore Kothari1.41


Elite Portfolio Management1.41


Clairvoyant Capital Services1.41


AU Mutuals Financial Planners Pvt. Ltd.1.41


Shashank Jain1.40


PUNISKA INDUSTRIES PVT LTD1.40


Clairvoyance Securities Private Limited1.40


Fortitude Securities Pvt.Ltd1.40


Probin Agarwalla1.40


THEFINANCIALMALL PRIVATE LIMITED1.39


Prakash Hariram Lohana1.39


Kumud Ketan Dedhia1.39


Asset Alliance Securities Private Limited1.39


Sunder Gopal Roy1.39


Surendra Kumar Dugar & Co1.39


Mukul Pravin Kulkarni1.39


Grow Rich Fintech LLP1.39


S V FINANCIAL SERVICES1.39


Manjulaben Nagindas Hajariwala1.39


Urjita Financial Services Private Limited1.39


UPMARKET FINANCIAL ADVISORY SERVICES LLP1.39


ACE FNSUPERMARKET PVT. LTD.1.38


Chandulal L Vasa1.38


BANCONUS FINANCIAL SOLUTIONS PRIVATE LIMITED1.38


Anurag Bagrodia1.38


TIPS1.38


Mitul Pravinchandra Desai1.37


Beereshwar Financial Services1.37


Milind Khasnis1.37


PROLIFIC FINVEST PRIVATE LIMITED1.37


Dhairav Janak Shroff1.37


Blue Ocean Financial Services Pvt Ltd1.36


Gajendra Hiralal Jain1.36


Boho Consultants Pvt Ltd1.36


Affluenz Financial Services India Private Limited1.36


Kuncham Investment & Financial Services1.36


Kshitiz Agarwal1.36


Growide Investment Consultancy Pvt. Ltd.1.35


IndiaNivesh Securities Limited1.35


Wealth Lab Private Limited1.35


Sandeep Shah1.35


Vatsal Pravin Shah1.34


FLEXI CAPITAL LLP1.34


SRI KRISHNA CAPITAL1.34


Shri Ashutosh Securities Private Limited1.33


Santushti Capital LLP1.33


Akta Associates1.33


Imperial India Investment Company1.33


Rajesh Kr Sodhani1.33


Lotus Mint Advisors Private Limited1.33


Arihant Capital Markets Limited1.32


Premin Securities1.32


Mahesh G Gattani1.32


Shagun Sandeep Sutaria1.32


Naresh Popatrao Karpe1.32


Viral R Kothari1.31


Ethix1.31


Yogendra Dilipbhai Doshi1.31


Rohan Maurya1.31


A R J Financial Consultants India Private Limited1.30


Devendra Yeshwant Mhatre1.30


Parth Shah1.30


Standard Chartered Securities (India) Limited1.30


Deepak Kumar Bhardwaj1.30


Imperial Prime Consultancy Private Limited1.30


Ensign Capital Markets and Investments Pvt. Ltd1.29


Ashika Stock Broking Ltd.1.29


A K Narayan1.29


Answers Financial Planners Pvt.Ltd.1.29


Niblick Capital Growth Private Limited1.29


Investmentadvisorindia.com1.29


PW Fund Managers Private Limited1.29


Abhenav Khettry1.28


Anjana Shah1.28


Rajeev Murarka1.28


The Saraswat Co-Operative Bank Ltd1.27


JK Securities Pvt. Ltd.1.27


Indira Jitendra Udani1.27


Ramesh Valab Nainani (Huf)1.27


VINTRUST WEALTH MANAGERS LLP1.27


Palani Dhamodar1.27


Saksham Wealth Solutions Private Limited1.27


Pinakini Share & Stock Brokers Ltd1.26


MARWAHA CONSULTANTS PVT LTD1.26


Finance Doctor Pvt. Ltd1.26


Mangal Deep Financial Services1.25


Jerry John Kadampatt1.25


Maarg Financial Planners Pvt Ltd1.25


Nikhil Jitendra Anandpara1.25


Harshvardhan B Sekhsaria1.25


Prakash Mahendra Thakkar1.25


Arthashastra Investment Managers Private Limited1.24


Sangam Investments1.24


Right Returns1.24


Rupam Mahapatra1.24


Immensus Wealth Management LLP1.24


Augment Capital Advisors LLP1.24


Narnolia Financial Advisors Limited1.24


Cerebral Advisors1.24


Seema Ramesh Nainani1.23


Oxyzen Financial Advisory And Services Pvt Ltd1.23


Harsha Nandlal Parekh1.23


Prime Gold Wealth Management Services Pvt. Ltd.1.23


TAPARIA PRIVATE LIMITED1.23


Gayetri Nidhi Shaha1.23


CITRINE FINANCIAL ADVISORS LLP1.22


KMP Consulting1.22


Ranna Amit Thakkar1.22


Darshan Mahendra Parekh1.22


Frontline Wealth Management1.21


Gopi Kishan Agarwal1.21


Gaindamull Hemraj Financial Services1.21


Neville Mehli Poncha1.21


Jash Consultancy1.21


Enrichwise Consultancy Services Pvt Ltd1.21


Lotus Knowlwealth Private Limited1.21


G K Wealthcare LLP1.21


MIDAS FINSERVE PRIVATE LIMITED1.21


Siddharam Gurusiddappa Kolkur1.20


Profit Mantra1.20


V Serve Management Private Limited1.20


ARK PRIMARY ADVISORS PRIVATE LIMITED1.20


Dilipkumar Shashikant Vayeda1.20


Om Sanchay Insurance Agency1.20


Sheetal Sitaram Upadhyay1.20


Kanchan Hiralal Jain1.20


Ruby Financial Services Pvt Ltd1.20


Abhinav Mehta1.19


Shekhar Madhusudan Mahore1.19


Suman Gupta1.19


ITI Securities Broking Limited1.19


Siddharth Sharathkumar1.18


K Sarath Kumar1.18


Sri Kotyark Investments1.18


Milestone Portfolio Consultants Private Limited1.18


M/s Oracle Capital Advisory Service1.18


Kumaraswamy C.V1.18


Raedan Securities LLP1.18


Prasad R Sangam1.17


TRINITAS WEALTH PLANNERS LLP1.17


Raunak Ramuka1.17


Yatish Wealth Managers1.17


Viral Kishorbhai Shah1.17


Imperial Wealth Services1.16


Subhas Chakraborty1.16


Artham Finometry Private Limited1.16


Ram Kishore Jha1.16


L&T Capital Company Ltd1.16


Thakker Nikhil Vasudev1.16


RBM Investment Services1.15


Bipin Bihari Sinha1.15


Francis Michael Clement D'Cruz1.15


S Govinda Raju1.15


VARDHANA FINANCIAL SOLUTIONS PRIVATE LIMITED1.15


Sandesh Shenoy1.14


DSFS WEALTH MANAGEMENT LLP1.14


S.R. Investments1.14


Indus capital1.14


SURVAM INVESTMENTS PRIVATE LIMITED1.14


THE PORTFOLIO SHOP FINANCIAL SERVICES1.14


Bharat Soneja1.14


WealthDirect Portfolio Pvt Ltd1.13


Mahesh Sawaika1.13


Vinayak Dattatreya Joshi1.13


Rajesh Kumar Bhutra1.13


Ramakrishna Kolluri1.13


Rainbow Consultancy1.12


PROAFFLUENCE ADVISORY SERVICES PRIVATE LIMITED1.12


Janak Dulari1.12


Sykes & Ray Equities (I) Ltd.1.12


MONEY PLANT CONSULTANCY1.12


Arvind Financial Services1.12


Sharad Gupta1.12


Prime Gold Securities1.12


Shivam Mehrotra1.12


FINOMATIC CONSULTANTS PRIVATE LIMITED1.12


VA Inc1.12


Jignesh P.Shah1.12


TRISKAIDEKAPHILLIA SOLUTIONS PRIVATE LIMITED1.12


COUNTON ADVISORS PRIVATE LIMITED1.11


M K Financials1.11


Anshu Jaisinghani1.11


VRISHANK ADVISORY SERVICES PRIVATE LIMITED1.11


Ashish Golechha1.11


Jackson Consultants1.11


Umesh Kumar Gupta1.10


Drumesh H.Pandya1.10


Bharat Tokershi Gosar1.10


Growmore Financial Advisors1.10


Vikram S.Bagadthey1.10


Sonia Narang1.10


Bhavesh Indravadan Gandhi1.10


Wealth Creators1.10


Shah Digpal Hemant1.09


Krishan Murari Gupta1.09


Investor Point1.09


Tumma Balraj1.09


Shenoy Investment & Financial Consultants Pvt Ltd1.09


Dhruv Rajesh Rawani1.09


Prudent Bull Wealth Management Private Limited1.08


WEALTH MANAGEMENT1.08


Thousand Lights Investments Pvt. Ltd.1.08


LADCO CREST WEALTH MANAGEMENT SERVICES LLP1.08


SURAT COMMERCIAL PRIVATE LIMITED1.08


Anita Arun Lagu1.08


Jitendra Jaiswal1.08


SFIC Fiscal Services Pvt Ltd1.08


6TH SENSE INVESTMENTS CONSULTANTS1.07


Gautam Rathore1.07


INTEGRA WEALTH PLANNERS LLP1.07


Defmacro Software Pvt Ltd1.07


Aditya Vinayak Joshi1.07


Aravindakshan K M1.07


Ajay Kantibhai Shah1.07


Suman Kumar Thakur1.07


Shrambal Consultants Private Limited1.06


Gada & Haria Financial Planners Private Limited1.06


kaveesha Investment Solution Pvt.Ltd.1.06


Bahubali Mohanlal Shah1.06


Avanish K Shah1.06


Yes Investments1.05


Akshaya Budhraja1.05


MONETA GLOBAL ADVISORS1.05


Champion Traders1.05


Gopal Chulani1.05


Harihar Finance Corporation1.05


Ellora Consultants Pvt Ltd1.05


Pankaj Sidana1.04


Wholelife Financial Services (Hyderabad) Pvt. Ltd.1.04


Sarsa Financial Advisory Services Ltd1.04


Dilshad Kaiwan Billimoria1.04


GUIDE AND GUARDIAN LLP1.04


Golkunda Commercial Private Limited1.04


Grow More Investment1.04


Satyen Girish Vakil1.04


Greenback Capital LLP1.03


Om Web Tech Pvt Ltd1.03


Arun Purushottam Patel1.03


Kalariya Ravi Keshavlal1.03


Paresh Gopal Bhide1.03


Panna Rajendrakumar Parikh1.03


FIRST ADVISORS AND CONSULTANCY PRIVATE LIMITED1.02


Jyotsna Amarish Shah1.02


Thirukochi Financial Consultants Pvt Ltd1.02


Daularam Kewalram Patel1.02


Lallit Tripathi1.02


Soba Infosec Pvt Ltd1.02


Vishal Kumar Narang1.02


Joseph Pearl Stanley1.02


Doogar & Associates Securities Ltd1.02


LIVRICH WEALTH SOLUTIONS1.01


SHRI BALAJI CAPITAL1.01


Harishchandra Jayram Pandya1.01


Megriar Advisors Private Limited1.01


Sandeep Garg1.01


WEALTH EXPRESS1.01


Sweety Dhaval Desai1.01


Wealthpoint Financial Resources Pvt Ltd1.01


Srivari Investments1.01


Joseph Elias Menezes1.01


Prashant Murlidhar Bagad1.01


Rohit Singh1.00


Abhijit Shivanand Sawant1.00


Surendra Kumar Bagaria1.00


Girish Wani1.00


Dhanvriddhi Finvest Services Pvt Ltd0.99


Invest Search0.99


MUDRA CONSULTANCY GROUP PRIVATE LIMITED0.99


Ipcon Associates0.99


Perfect Investments0.99


Vinod Kumar Anand0.99


Rajeev Kumar Singh0.99


Elite Wealth Advisors Limited0.99


Insoft Financial Services0.98


Pathik Shah0.98


RVN MANAGEMENT0.98


Jalan Financial Services0.98


MSM WEALTH CREATORS0.98


Pranav Anant Gadgil0.98


Jugal Kishore Marwaha0.98


Porecha Global Securities Pvt Ltd0.98


Genome Capital0.98


Vishvambhar C S Kenkare0.97


Babubhai Hiralal & Co0.97


Marwadi Shares And Finance Limited0.97


Javahar Kuttypady0.97


DHYEY ASSET ADVISORS LLP0.97


S Babu Arunachalam0.97


Anil Manohar Kataria0.97


Shyam Singhania0.97


Mehul Hasmukhbhai Shah.0.96


NARAIN FORTUNE INVESTMENT LLP0.96


Fin Secure0.96


ICOACH FINANCIAL CONSULTANCY PRIVATE LIMITED0.96


Minesh R Dalal0.96


M.Ramachandran0.96


Gaurang Investments0.96


Y. Sridhar0.96


Sejal Avanish Shah0.96


Prokens Opesmetrics Pvt Ltd0.95


Yajendra Chinnaya Shetty0.95


TBNG Capital Advisors Pvt Ltd0.95


Naveen Rego Wealth Managers Pvt. Ltd.0.95


Anup Thirani0.95


Ajay Kumar Arora0.94


Adokshaja Krishnarao Kulkarni0.94


Gaurav Mehrotra0.94


ADDON INDIA PRIVATE LIMITED0.94


Nutan Lancelot Dcunha0.93


Virendrakumar Rajnikant Modi0.93


Chetan Manharlal Lapsiwala0.93


Ankit Jain0.93


Opulence Wealth Labs (P) Ltd0.93


Shashi Shekhar Chilana0.93


Deepak Bakshi0.93


Dolfin Investments0.93


Shriram Fortune Solutions Ltd.0.93


Goel Financial Consultants0.92


Rashmi Rajendra Pachare0.92


Lalit Kumar0.92


Vithadwaitha Investment Consultants Pvt Ltd0.92


Suvarna Yogesh Shah0.92


Mrigendra Kumar Mishra0.92


Shwetang Sanat Sheth0.92


Deepam Marketing Enterprises (P) Ltd0.92


Syndicate Bank0.92


Solutions .0.91


Mridula Chadda0.91


Ananthalakshmi M0.91


Coronet Vyapaar (P) Ltd0.91


A.Makarand Govindrao0.91


Barrier Foils Private Limited0.91


Ritesh D Sheth0.91


FUTURE WEALTH0.91


Tushar Jitendra Shah0.91


Sridharan Narasimachari Kilpakkam0.90


Jignesh Lalitbhai Kapadia0.90


Mahodadhi Securities Pvt Ltd0.90


PAREKH INVESTMENT SERVICES0.90


Amit Sitaram Luharuka0.89


Ajay Khurana0.89


BNP Paribas0.89


Biren Krishnakant Chhatrapati0.89


M Venkateswaran0.88


Hemant Satyavan Shah0.88


Arvinder Singh Bindra0.88


Shreeji Kosh Services0.88


AU SMALL FINANCE BANK LIMITED0.88


Sriram Suryanarayanan0.87


Sinhasi Consultants Private Limited0.87


Sunil Hindocha0.87


SIMPLICITY INVESTING ADVISORS INDIA PVT LTD0.87


KRM FINANCIAL CONSULTANTS0.86


Venkatesh Share & Stock Brokers Pvt. Ltd.0.86


FORTUNE FINSERVE LLP0.86


Holistic Investment Planners Pvt. Ltd.0.86


Sukanta Bhattacharjee0.86


Ram Advisory Services Pvt Ltd0.86


Kaushikkumar Harmanbhai Patel0.86


Right Choice Investment Shoppe0.86


Arjun Gupta0.86


Satish Arora0.86


Ruchi Jain0.85


VR Wealth Advisors Pvt Ltd0.85


Lakshminarayanan Kumaar.0.85


Vinod S Singh0.85


Bheruratan Onkardas Dammani0.85


GUARDIAN CAPITAL INVESTMENT ADVISORS PRIVATE LIMITED0.85


Krupa Enterprises0.85


Sourendra Saha0.85


Abm Investment0.84


NNP FUNDS0.84


Vikash Toshniwal0.84


SMC Investments And Advisors Limited0.84


Shradha Gaurav Damwani0.84


PRIME WEALTH SOLUTIONS0.84


Shree Consultants0.83


Adoni Venkatesh0.83


Ashok Thakwani0.82


Zerodha0.82


ZUARI FINSERV LIMITED0.82


Akshaya Wealth Management (P) Ltd0.82


Kailash Narain Datt0.81


Artha Yantra Corporation Pvt Ltd0.81


Neela Mehul Adalja0.81


Lakshmi Enterprises0.81


Jain Bros0.81


Nandkishor Yeshwant Sinari0.81


SWS FINANCIAL SOLUTIONS PVT LTD0.80


SVC CO OPERATIVE BANK LTD0.80


KFIC Securities Ltd0.80


Networth Wealth Solutions Ltd0.80


Michael Duarte0.79


Dhaval Mahendra Desai0.79


Keval Jaysinh Gemani0.79


Rajesh Kadam0.79


Rajiv Suri0.79


Swathi Investments0.78


Integra Securities Private Limited0.78


FINFIRST CAPITAL ADVISORS PRIVATE LIMITED0.78


Ashok Kumar Agarwal0.78


Prajakt Dilip Bhandare0.77


Japna Sharma0.77


MONEYPLUS FINANCIAL AND CONSULTANCY SERVICES LLP0.77


Praveen Mahabirprasad Dalmia0.77


Rajaram Management Services Pvt Ltd0.77


I2 ADVISORS0.77


Kedar Dattatraya Borgaonkar0.77


Narendra Shrikisan Agrawal0.76


Sach Investments0.75


Jayshree A Shah0.75


Bajaj Share And Stock Brokers Pvt Ltd0.75


Jayanta Ghosh0.75


Jayaprakash Polavarapu0.74


Deepak Krishnamurthy Rao0.74


Bajaj Securities0.74


Sandeep J Shukla0.73


Ketan Jayantilal Shah0.73


Financial Mart0.73


Aspandiar Nari Kanga0.72


Sunil Bhanudas Kanade0.72


Peerless Financial Products Distribution LTD0.71


Bank of Bahrain & Kuwait B.S.C.0.71


Ranjan Chandok0.71


ALPHAFRONT FINSERV PVT LTD0.71


Manju Kumari0.71


D Sundararajan0.71


Pivotal Enterprises Private Limited0.70


Pooja Aggarwal0.70


Transcend Consulting (India) Pvt Ltd0.69


Etechaces Marketing & Consulting Pvt. Ltd.0.69


Dhaval S Shah0.69


Manthan Shah.0.68


Janak Merchant Securities Pvt Ltd0.68


Anshu Shrivastava0.67


Harjindarkaur Wadhawan0.67


Gunisetty Gnana Prasunamba0.67


The Cosmos Co-Operative Bank Ltd0.67


Kaushik Nagindas Shah0.67


Purushotham Reddy Pattubala0.67


Nooney Madhava Siva Prasad0.66


Sandeep Gupta0.66


Finmass0.66


Indian Overseas Bank0.65


Amit Jasani Financial Services Pvt Ltd0.64


Anita Investment Agencies0.64


Vogue Management Services Private Limited0.63


Pelican Wealth Managers Pvt. Ltd.0.63


KONFIDO ADVISORS PRIVATE LIMITED0.63


Ishwar Chandra Baid0.62


Devavrat Parvate0.62


P K Martin0.62


Vivek Kumar0.62


Om Enterprises0.62


Religare Securities Limited0.61


U.R. Financial Consultants0.61


Kaushal Kumar Patel0.59


Santwana Nandi0.59


Rajesh Sarawgi0.59


Ramesh Chander Anand0.58


Kurnala Umarani0.58


WINRICH PROFESSIONAL SERVICES PRIVATE LIMITED0.58


Arun Sankar0.57


Director General Posts0.57


Deepa Manoj Adalja0.57


Bhartiben Kishorchandra Shah0.57


Sandeep Gupta0.56


Unifi Financial Pvt Ltd0.56


ACE CAPITAL ADVISORS0.56


ARNAV FINANCIAL SERVICES0.55


Quantum Information Services Private Limited0.55


Surjeet Kapoor0.55


Quinstinct Advisory Pvt Ltd0.55


Parita Sandeep Gandhi0.55


Shubham Sanjay Damani0.55


Allahabad Bank0.54


NDA Securities Limited0.53


Tarla Pankaj Mavani0.52


RELIGARE BROKING LIMITED0.52


Pranjit Gogoi0.51


Pawan Gupta0.51


Veena Gupta0.50


Walter Cyril Pinto0.50


GANADEESHA FINANCIAL SOLUTIONS PVT LTD0.50


INVESTPRO FINANCIAL SERVICES PRIVATE LIMITED0.49


The South Indian Bank Ltd0.48


o3 Securities Pvt Ltd0.47


M/S ARWIND M SHAH0.45


WADHAWAN WEALTH MANAGERS PRIVATE LIMITED0.45


The Karur Vysya Bank Limited0.42


IDBI Capital Markets & Securities Limited0.39


PROVIDENTIAL ADVISORY SERVICES PRIVATE LIMITED0.38


DEGREE 212 CONSULTANCY SERVICES PVT LTD0.37


RMS COLLECTIONS0.37


TRUFID INVESTMENT ADVISORS PVT LTD0.36


Indian Bank0.36


Religare Finvest Limited0.35


SMARTVALUE EQUISEARCH PVT LTD0.33


Sewa Kaur Saini0.33


NESTE WEALTH MANAGEMENT SERVICES LLP0.31


Oriental Bank Of Commerce0.31


Peerless Securities Limited0.31


UVA WEALTH MANAGERS PRIVATE LIMITED0.31


INDUS CAPITAL0.29


TJSB Sahakari Bank Ltd0.28


Andhra Bank0.26


UCO Bank0.26


Bajaj Finance Limited0.24


NKGSB Co-op Bank Ltd0.22


ROSY BLUE SECURITIES PVT. LTD.0.22


Abira Management Services Ltd0.21


Dena Bank0.20


Tamilnad Mercantile Bank Ltd.0.18


EQUIRUS WEALTH PRIVATE LIMITED0.18


Corporation Bank0.16


FUNDSFIRST FINANCIAL SERVICES0.16


VAR FINANCIAL CONSULTANTS PRIVATE LIMITED0.16


Aditya Birla Money Ltd0.14


HDFC Sales Private Limited0.13


Invest India Micro Pension Services Pvt Ltd0.12


The Peerless General Finance & Investment Co Ltd0.11


SHEPARD TECHNOLOGIES PRIVATE LIMITED0.10


Central Bank Of India0.09


The Lakshmi Vilas Bank Ltd0.06


Sunita Gupta & Co.0.04


R.N.Mittal & Co0.04


MYWISH MARKETPLACES PRIVATE LIMITED0.03


UTKARSH SMALL FINANCE BANK LTD0.02


Soma Dewanjee0.00















What are the big takeaways from this list?

Banks, the organizations most individuals turn to first financial products, are among the largest recipients of mutual fund commissions in India.

Several of these in the list provide ‘free’ financial workshops and programs. They indeed specifically only educate about their platforms and products, since they end up making far more in commissions.

Guess that helps you understand the scale of the problem, since clearly there is a conflict of interest at play everywhere. But that’s just financial industry for you.

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Happy Moneyplanting.

Vinod

The post Mutual fund commissions in India; and the wealth lost to them appeared first on The Moneyplanting Program on Employee Financial Wellness | Vinod Desai.

Mutual fund commissions; and the wealth lost to them in 2018-19

TL;DR: This post lists mutual fund commissions paid to various financial advisors and distributors in India, in an easily sortable and searchable table. To see how much your advisor, bank, or mutual fund investing platform has made in commissions, simply enter their name. Jump to the table by clicking here.

I’ve written plenty of posts on mutual fund commissions and how they’ve gotten out of hand. You can read this and this to know what they are, how they affect your wealth.

Commissions can be easily avoided.

But the lack of good financial education resources ensures there are plenty of individuals who remain unaware. But every mutual fund investor needs to be aware of commissions, because directly or indirectly, these are paid out of their hard-earned wealth. And unfortunately, the magnitude of these commissions is never voluntarily disclosed.

This was the amount paid to financial middlemen last year alone. (FY 2018-19)

8500 Crores

What’s an example of a middleman?

A middleman/distributor could be:

Your Financial Advisor or Financial Planner (Individual or Firm)Your Bank (via your personal relationship manager, or bank manager)That free website you use to invest in mutual fundsYour De-mat account providerYour Financial Wellness Education provider (India is replete with financial distributors masquerading as financial education providers)



What is AMFI Commission disclosure

Every year, AMFI (short for Association of Mutual Funds in India) discloses the commissions which were paid to distributors. This is released in a PDF format and is rather hard to sift through. It also contains a a bit more data besides commission details. You can find the source PDF on AMFI’s website here.

What then is this table below?

It’s exactly the same as the AMFI list in the link before. The only difference is that it’s easily sortable and searchable. The full list has more than 1000 entries. The table, at one point only displays 50 at a time. Use the search bar to easily look for a specific advisor/distributor.

Mutual fund commissions paid to distributors in 2018-19






Name of the Distributor/ARN HolderGross Amount paid in Crores




NJ IndiaInvest Pvt Ltd807.67


Axis Bank Limited555.63


HDFC Bank Limited496.67


State Bank of India487.58


ICICI Bank Limited355.26


ICICI Securities Limited318.85


Kotak Mahindra Bank Limited255.01


Prudent Corporate Advisory Services Ltd234.72


Citibank N.A181.85


IIFL Wealth Management Limited176.11


Standard Chartered Bank150.77


Anand Rathi Wealth Services Limited121.09


Hongkong & Shanghai Banking Corporation Ltd.113.64


Indusind Bank Ltd94.94


Bajaj Capital Ltd.92.06


Julius Baer Wealth Advisors (India) Private Limited90.56


Karvy Stock Broking Limited88.01


JM Financial Services Limited62.23


Pioneer Client Associates Private Limited59.33


ADITYA BIRLA FINANCE LIMITED52.59


L & T CAPITAL MARKETS LIMITED52.49


Deutsche Bank AG51.16


HDFC Securities Ltd48.48


SPA Capital Services Limited47.87


Canara Bank47.69


Geojit Financial Services Ltd46.27


Wealth India Financial Services Pvt Ltd45.82


Bluechip Corporate Investment Centre Ltd31.28


IDBI Bank Ltd31.20


Sharekhan Limited30.75


Darshan Services Private Limited29.37


Centrum Wealth Management Ltd29.10


Motilal Oswal Wealth Management Ltd27.12


IIFL SECURITIES LIMITED26.56


Yes Bank Limited25.68


Ask Wealth Advisors Private Limited24.87


IIFL WEALTH ADVISORS INDIA LIMITED22.86


Eastern Financiers Ltd.21.95


Credit Suisse Securities India Pvt Ltd20.43


SMC Global Securities Limited20.21


Integrated Enterprises (India) Pvt Ltd20.19


Barclays Securities (India) Pvt Ltd19.79


Batlivala & Karani Securities India Pvt. Ltd.18.96


Sundaram Finance Limited18.43


Bank Of Baroda18.35


Union Bank of India18.17


Bharat Bhushan & Co.17.48


Wealth Managers (India) Private Limited17.35


Motilal Oswal Securities Ltd.17.27


DBS Bank Ltd.17.25


Edelweiss Broking Limited16.79


Axis Securities Limited16.73


Barjeel Geojit Financial Services LLC15.48


S J Investment Services Pvt Ltd14.76


AUM Capital Market Pvt Ltd14.69


KRUSHNA FINSERV LLP14.64


THREE CUBE WEALTH ADVISORY LLP14.08


Jain Investment Planner Pvt Ltd13.61


Naik Wealth Planners Pvt Ltd12.87


Sapient Wealth Advisors And Brokers Pvt Ltd12.85


Ifast Financial India Pvt Ltd12.72


Muthoot Securities Ltd12.56


AM WEALTH MANAGERS PVT. LTD12.33


MFA Consulting Pvt. Ltd.11.94


J R Laddha Financial Services (P) Ltd.11.87


Blue Edge Associates LLP11.65


Wealth First Port Folio Managers Ltd11.61


Edge Wealth Management Services LLP11.47


Trust-Plutus Wealth Managers (India) Pvt Ltd11.34


Avendus Wealth Management Pvt Ltd11.11


SANCTUM WEALTH MANAGEMENT PRIVATE LIMITED10.83


Brain Point Investment Centre Pvt Ltd10.20


RBL Bank Limited10.15


VSRK WEALTH CREATOR PVT LTD10.05


UNMAJ ASSOCIATES LLP10.02


Stock Holding Corporation of India Limited10.01


HM Mercantiles Pvt. Ltd9.81


Shivranjani Securities Company Pvt Ltd9.68


Abacus Corporation Private Limited9.66


SRIVIDYA ENTERPRISES LLP9.63


Gaurav Ganpule9.61


Anand Rathi Share And Stock Brokers Limited9.60


Indus Capital9.55


KNS Consulting Pvt Ltd9.21


Dhruv Lalit Mehta9.13


SKP Securities Limited8.81


BNP Paribas Wealth Management India Pvt Ltd8.78


Kotak Securities Ltd8.62


Leader Care Finance8.59


SPA GLOBAL PVT LTD8.59


Scripbox.Com India Pvt Ltd8.55


Cholamandalam Securities Ltd8.11


Shagun Sutaria Stock Broking Private Limited8.08


ACE WEALTH MANAGERS8.01


Mata Securities India Pvt. Ltd7.93


Sift Capital7.91


MONEYGAIN CONSULTANTS PRIVATE LIMITED7.85


Indsec Securities And Finance Ltd.7.78


Wiseinvest Advisors Pvt. Ltd.7.42


JHAVERI SECURITIES LTD7.37


BEYOND LIFE FINANCIAL SERVICES LLP7.30


Wealth First Advisors Pvt Ltd7.18


Capital League6.93


Sajag Securities Private Limited6.86


Russell Credit Limited6.78


Roopa Venkatkrishnan6.77


Way2Wealth Securities Private Limited6.66


KREDERE WEALTH PARTNER PVT LTD6.66


Tata Capital Financial Services Ltd.6.63


LA CREME DE LA CREME SERVICES LLP6.63


OCEAN CAPITAL MARKET LTD6.61


SLA FINSOL PRIVATE LIMITED6.53


Ranjan Simanchal Panigrahi6.53


Chadha Investment Consultant Pvt Ltd6.52


Autus Wealth Management Private Limited6.44


Bank of India6.37


Think Financial & Insurance Cons Pvt Ltd6.36


Frontline Securities Ltd6.33


Ventura Securities Ltd6.32


Wealth Managers United India Private Limited6.06


RR Investors Capital Services Pvt Ltd.5.93


Alpha Capital5.91


UTI Infrastructure Technology And Services Ltd5.78


EURASIA CAPITAL SERVICES5.78


Coolbrain Consultants Private Ltd.5.76


Rashmi Thukral5.65


Ganesh Shridhar Shanbhag5.65


Complete Circle Consultants Pvt Ltd5.64


Madhuvan Securities Private Limited5.62


Kartik Amrish Gandhi HUF5.53


Hari Ghanashyam Kamat5.53


Peakalpha Investment Services (P) Ltd.,5.47


Dalal & Broacha Stock Broking Pvt. Ltd.5.45


Mukesh R Parikh5.44


Safe Assets5.38


Tata Securities Limited5.37


Sadashiv Arvind Phene5.35


Vcare Investment Services Pvt. Ltd.5.32


Vista Wealth Consultants Private Limited5.31


Prescient Financial Solutions5.27


Milestone Financial Advisory Pvt Ltd5.21


Ramesh Chand Maloo5.20


Shalibhadra Master Investment Brokers LLP5.20


PUROHIT CONSULTANCY LLP5.18


Money Honey Financial Services Pvt Ltd5.15


AADI WEALTH MANAGEMENT (P) LTD.5.11


ADITYA BIRLA MYUNIVERSE LIMITED5.06


Angel Broking Limited5.05


Mangsidhesh Investments Pvt Ltd5.05


Suvridhi Capital Markets Private Ltd4.93


BANAYANTREE SERVICES LIMITED4.89


Manjula S4.81


MONEYMATICS FINANCIAL SERVICES LLP4.79


RACH INSURE INVEST4.73


Edelweiss Financial Services Limited4.71


Jain Consultancy4.69


Harish S Kotian4.68


SBICAP Securities Limited4.64


Shriram Insight Share Brokers Ltd4.64


MOTILAL OSWAL FINANCIAL SERVICES LIMITED4.64


Intrust Advisors LLP4.61


Divitas Capital Advisors Pvt Ltd4.60


Bluechip Capital Services Private Limited4.60


Kukku Consultants Private Limited4.56


Jennifer Maria Mendes4.52


The Federal Bank Ltd.4.48


CREST FINSERV LIMITED4.48


Reliance Securities Limited4.47


Millennium Finance Limited4.40


DBS BANK INDIA LIMITED4.38


Security Investments Limited4.35


Navneet Kumar,4.30


I CAN Financial Solutions Pvt. Ltd.4.29


Rajbir Singh4.27


SKCL Wealth Management Pvt Ltd4.22


Punjab National Bank4.22


Rachit Consultants4.21


LICHFL Financial Services Ltd4.18


Quant Capital Advisors Private Limited4.12


Almondz Global Securities Ltd4.12


Rakesh Pasricha4.10


Prime Research & Advisory Limited4.07


Axiom Financial Services Pvt Ltd4.05


Aalps Investment Advisory4.02


PTIC (P) Ltd4.00


Harley Securities Pvt Ltd4.00


Shah & Shah Finsol Private Limited3.96


Abchlor Investment Advisors (P) Ltd3.96


Ladderup Wealth Management Pvt Ltd3.93


Reliance Wealth Management Limited3.92


Nonie Kapoor3.92


Comsol Financial Solutions Private Limited3.85


Hari Mohan Gupta3.85


Assetz Premier Wealth Advisory Pvt Ltd3.84


International Money Matters Private Limited3.82


Investor Shoppe Consultancy Private Limited3.80


Kooran Varghese Polson3.80


Shifali Satsangee3.76


Merchant Investment Consultancy Private Limited3.74


IDFC FIRST BANK LIMITED3.74


Rajat Khanna3.72


HFI WEALTH CREATORS PVT LTD3.71


Bonanza Portfolio Ltd3.71


Anjali Investment & Consultants3.70


Deepesh Arora3.70


Nirmal Bang Wealth Solutions Private Limited3.63


FinEdge Advisory Pvt. Ltd.3.62


Etica Wealth Management Pvt Ltd3.60


Oswal Dhan Private Limited3.59


Disha Finance & Investment Pvt Ltd3.59


Nilgiri Financial Consultants Ltd3.58


Power Pusher Financial Services LLP3.56


Ghalla Bhansali Stock Brokers Pvt Ltd3.55


Anandbir Singh3.54


VETE ASSOCIATES Tax & Investments Consultants Pvt Ltd3.46


AUREUS INVESTMENT SOLUTIONS LLP3.45


ESGL CLIENTALLEY SOLUTIONS PRIVATE LIMITED3.42


Ultimate Wealth Managers Pvt Ltd3.39


M/s V.R. INVESTMENTS3.39


Paresh Shantilal Kariya3.37


SKM Management Services3.36


IFAN FINSERV PRIVATE LIMITED3.36


Reliable Investments3.36


Zeenat S Jagani3.35


Hexagon Wealth Advisors3.34


MUTUALFUNDWALA3.34


Sarvodaya Finadvisory Services Pvt Ltd3.30


Mahindra & Mahindra Financial Services Limited3.26


Trade Net Wealth Managers Pvt Ltd3.25


Iqbal Singh3.25


Om Spectrum Financial Consultants Pvt. Ltd.3.24


AR WEALTH MANAGEMENT PRIVATE LIMITED3.24


Sushil Financial Services Pvt Ltd3.20


Blue Chip Investments3.19


P.H. Financial & Investment Consultants Pvt. Ltd.3.19


Monetonic Financial Services Pvt. Ltd.3.18


Nayan Balmukund Saraiya3.17


AYUSHMANN CAPITAL3.15


Salil B Kothari3.15


Satvik Securities Pvt.Ltd3.13


Zen Securities Limited3.13


CHANDLER AND PRICE (I) PVT LTD3.12


Imperial Investment Consultancy Services Pvt. Ltd.3.09


Common Wealth3.09


Ravindra Rajendra Oberoi3.08


Deep Management & Eco Consultants Private Limited3.08


Om Apex Investment Services Private Limited3.08


MEPHEZALEA ADVISORS LLP3.06


Wealthcube Endeavours LLP3.06


Snazzy Wealth Creators3.03


Rushil Financial Services2.99


Ashutosh Financial Services Private Limited2.99


BFC Capital P Ltd2.98


FINE ADVICE PRIVATE LIMITED2.97


Rohit Anand Das2.96


Verdant Financial Advisory Services Private Limited2.95


Dhananjay Manohar Kale2.94


InvestAscent Wealth Advisors Pvt Ltd2.87


Shree Sidvin Financial Services & Invest. Pvt. Ltd.2.85


A.G. Financial Services2.85


Y S CAPITAL.2.83


Bees Network Limited2.83


Safe Investment & Financial Services2.81


Brij Bhushan Marwaha2.81


PLC Securities Ltd2.76


Infinity Finserv (P) Ltd2.73


PMPK WEALTH ADVISORS PVT LTD2.72


Dalmia Advisory Services Pvt Ltd2.71


M D Saraf Securities Private Ltd.2.70


Nestegg Wealth Solutions LLP2.69


Right Horizons Financial Services Pvt Ltd2.69


Relacs Investment & Financial Services Pvt Ltd2.68


TG Financial Consultant2.66


Param Wealth Managers LLP2.65


DCB Bank Limited2.65


Raviraj Investments Corporate (India) Pvt Ltd2.64


Unnati Capital Services Pvt Ltd2.63


FINFREEDOM33 WEALTH MANAGEMENT INDIA LLP2.63


Value Invest Wealth Management (India) Pvt. Ltd.2.62


Aadinath Investment2.62


ECS Financial Services (India) Private Limited2.62


Durga Financial Services Pvt Ltd2.61


BHARATHI SHARE BROKING PRIVATE LIMITED2.60


Moksh Consulting2.59


Fermat Prime Advisors Pvt Ltd2.58


Jayesh Subhash Salvi2.57


D Muthukrishnan2.56


Deepak2.55


Save & Prosper Securities Pvt Ltd2.55


Padam Singh Raj Purohit2.53


Bodevision Finsec Consultants (P) Ltd2.52


P And M Consultants Pvt Ltd2.51


Kishore N.Kewalramani2.51


DMS Investment Advisory (P) Ltd.2.51


Ami Vishal Dalal2.50


Credence Family Office LLP2.50


WMG Advisory & Services Pvt Ltd2.47


Yeshwanth Kumar2.46


DSA Capital Services2.43


Priti Ajit Kucheria2.42


RPA FINANCIAL CONSULTANTS PRIVATE LIMITED2.42


Invest 'N' Gain Financial Services2.41


Mukund Seshadri2.40


Kalyani Capital Services Pvt. Ltd.2.40


KINJAL INVESTMENT CONSULTANCY2.40


Deepanshu Singhal2.39


MUTUAL CAFE2.39


Keynote Consultancy2.39


LKP Securities Limited2.38


Dipankar Das2.37


Pallav Bagaria2.35


BELLWETHER ADVISORS LLP2.35


Tandon And Mahindra Consultancy2.34


Chirag Stockbroker Pvt Ltd2.34


ALMONDZ WEALTH ADVISORS LTD2.33


FINE TECH CORPORATION PRIVATE LIMITED2.31


Bimal Mansukhlal Panchamia2.30


Ishwar Financial Services2.29


Suraj Prakash2.28


Manoj D Shankar2.28


FINWIZARD TECHNOLOGY PVT LTD2.26


Utkarsh Wealth Advisors2.25


Bhavesh Mahavir Khetan2.23


K W Wealth Advisors Pvt Ltd2.23


Crescore Wealth Management Services Pvt. Ltd.2.22


Ankit Aggarwal2.22


Mukesh Dokania2.22


R.L.P. Securities Pvt. Ltd.2.22


Jayakumari Ishwarlal Shah2.20


CONSUULTME FINANCIAL SERVICES LLP2.20


SMR Consultancy Private Limited2.20


Sunkersett Investment Intermediaries LLP2.19


Master Capital Services Ltd2.19


Value Ethics Wealth Managers Pvt Ltd2.19


Vishal Bharat Modi2.18


Rajinder Pal Singh Anand2.17


Sujash Securities Private Limited2.17


Allegro Capital Advisors Pvt Ltd2.16


Diva Jyote Portfolios Private Limited2.16


GOYAMA FINANCIAL SERVICES2.13


Yash Consultants2.13


Akasa Securities & Financial Services Pvt. Ltd2.13


Vijay Financial Consultants Pvt Ltd2.11


Zeus Investment Solutions2.11


Ambit Capital Private Limited2.11


Yezdi Framroz Langrana2.10


Narnolia Securities Ltd2.10


Sanjay Mahendrakumar Nanavati2.10


Vivek Mahajan2.10


Wealthcare Securities Private Limited2.09


Transcend Investment Advisors Pvt Ltd2.08


Rajat Bhargava2.07


3I WEALTH ADVISORS LLP2.07


Ace Wealth Management Private Limited2.07


CRESCAT ADVISORS LLP2.06


Paisabazaar Marketing And Consulting Private Limited2.05


S & A Wealth Managers2.04


Cedrus Consultants Private Limited2.04


Bhavik Girish Dand2.04


Shashank Agarwal2.03


Great Fortune Investments and Infrastructures Pvt.Ltd.2.02


Ashwin Rasiklal Vajani2.02


Mukesh P Mehta2.01


Mukesh Kumar.M2.00


LINTAS MONEY2.00


Gupta Capital Investment Centre2.00


Arun Vishwanath Lagu2.00


Samir Vora1.98


Gitanjali Sutrave1.98


Ramkumar H Barchha1.98


Ara Management Solutions Pvt Ltd1.98


PROINVEST WEALTH MANAGERS PVT LTD1.96


Systematix Shares And Stocks (India) Ltd1.95


Simpson & General Finance Company Limited1.95


Sangeeta Milind Chitnis1.94


Verity Finsolutions Pvt. Ltd1.94


ADITYA & SONS1.94


Kirti Tejas Merchant1.94


Yogesh Jayant Shah1.93


Varsha Investments1.93


VUK Finvest Consultants Pvt Ltd1.93


LIFE PLUS1.92


WISE FINSERV PVT. LTD1.91


BANDHAN BANK LTD1.91


Prakala Wealth Management Private Ltd1.91


Addon Wealth Consultancy (P) Ltd.1.90


ORANGE GLOBAL ADVISORY PVT LTD1.90


Kanga Financial Services Pvt Ltd1.90


Three Cheers1.90


Jayasha Share Consultants1.90


Nilkanth K Nagarkar1.90


Vinit Chandulal Vasa1.89


Sujata Khushrav Kabraji1.89


Colaco & Aranha1.89


ACCORD FINANCIAL SERVICES LLP1.88


Dhanlaxmi Bank Limited1.88


SARTH WEALTH ADVISORS PRIVATE LIMITED1.88


CITADELLE ASSET ADVISORS PVT. LTD.1.86


Relan Industrial Finance Ltd.1.86


Samsang Financial Consultants1.86


Hemant Suryakant Powale1.84


Dipak Kumar Das1.84


Valsangkar Ravindra Murlidhar1.84


Allegiance Associates1.84


Catalyst Financial Planning1.84


CLAIRFIN CAPITAL SERVICES1.83


Saibal Biswas1.83


Finnovators Solutions Pvt Ltd1.83


Gupta Investments1.82


BLACK & WHITE FIN SOLUTIONS LLP1.82


Kaajal Suresh Thadani1.81


ZVEST FINANCIAL SERVICES LLP1.81


GEPL CAPITAL PRIVATE LIMITED1.80


Paterson Securities Pvt Ltd1.79


Hexagon Capital Advisors Private Limited1.78


Sonic Investments1.78


Edge Corporate Services Pvt Ltd1.78


SAURABH JAYANT SHAH HUF1.78


Veena Chandra1.77


Swan Investmentors Pvt Ltd1.77


MFA WEALTH SOLUTIONS PRIVATE LIMITED1.77


Purplepond Investment Advisory Private Limited1.77


Mani Sharma1.77


HEDGE FINANCE LTD1.76


Sources Solutions India Pvt. Ltd.1.76


RISK AND ASSET MANAGEMENT SOLUTIONS1.76


HEMANT FINSERVE LLP1.76


INFINITY CAPITAL1.76


OUTLOOK ASIA CAPITAL1.75


EMERGING FINCARE CONSULTANCY PRIVATE LIMITED1.75


Blue Circle Financial Services1.75


Rohitashwa Kumbhkar1.75


EQUITAS SMALL FINANCE BANK LIMITED1.75


Rahul Sethia1.74


RM ASSET ADVISORS LLP1.74


Poornima Jain1.74


Samruddhi Investment1.74


Finanzindia1.74


KPW Insurance & Investment Consultants (Pvt.)Ltd1.74


Poddar Financial Services1.73


Domingo John Rohan Rebello1.73


Asit Haresh Bhansali1.73


Rajiv Bose1.73


Pentagraph Partners1.72


Dhanesh M. Shah1.71


Farr Lapp Investments1.71


Yashwant Amarsingh Rathod1.71


Plan Ahead Wealth Advisors Pvt. Ltd.1.70


Saurabh Kumar Singh1.69


SHRI MASUN FINANCIAL SERVICES1.69


SQUIRREL CONSULTING PVT LTD1.68


Parimal Sadashivrao Ade1.68


WEALTHWISE ADVISORS1.68


Purnima Securities Pvt Ltd1.68


Mukesh Kumar Vinodlal Shah1.67


Karan Agarwal1.67


Net Brokers Private Limited1.67


Quadratic Financial Services Pvt Ltd1.67


Rajendra Pachare1.67


Chaitanya Financial Consultancy Pvt Ltd1.66


Pihas Mukesh Parikh1.66


Darashaw & Co. Pvt Ltd1.66


WEALTHAPP SOLUTION PRIVATE LIMITED1.66


Vinay O Rathi1.66


GENEXT WEALTH ADVISORS1.65


Emkay Global Financial Services Limited1.65


Sonal Rajesh Rawani1.65


Anil Khera1.65


Money Options Services Pvt Ltd1.64


Jainy Tejash Shah1.63


FUNDCHOICE FINANCIAL SERVICES PVT LTD1.63


Vedansh Securities1.62


Mohit Beriwala1.62


Manu Financial Services1.61


Pegasus Advisory Private Limited1.61


Tayal Capitals1.61


Capital Builders1.60


Rajesh Tuteja1.60


HCL Global Processing Services Ltd1.60


CREDEL CAPITAL ADVISORS LLP1.60


TRANQUIL CAPITAL1.60


SILVERLINE WEALTH MANAGEMENT SERVICES1.59


CRYSTAL VISION WEALTH MANAGERS PRIVATE LIMITED1.59


Amitkumar D Mehta1.59


Globe Capital Market Ltd1.58


Basic Financial Services Pvt Ltd1.58


NAGDEV WEALTH PLANNING SERVICES LLP1.57


Right Choice Securities Pvt Ltd1.57


The Karnataka Bank Limited1.56


Sapthagiri Portfolio Mgmt Private Limited1.56


Kalyani Ketan Rachchha1.56


Savitri Agrawal1.56


Pace Financial Advisors LLP1.55


Sab Investments1.55


Priyanka Wealth Management Pvt Ltd1.54


Subras Investments1.54


Pawan Kumar Agrawal1.54


Prabhudas Lilladher Pvt Ltd1.54


Mentor Wealth Consultants Pvt Ltd1.53


Insynch Wealth Management LLP1.53


Blue Ocean Multi Client Family Office LLP1.52


Alchemy Capital Management Pvt Ltd1.52


Pranjal Apoorva Wagh1.52


CRVJ Investment Consultants Pvt.Ltd.1.52


DHANSANCHAY WEALTH CREATIONS LLP1.51


Shubhangi Gopal Pai1.51


Birendra Kumar1.51


MONEY BOLISM FINANCIAL SOLUTIONS PRIVATE LIMITED1.51


VJB Financial Services Pvt Ltd1.51


Vision Ahead Services (Pvt) Ltd1.50


Meri Punji Imf Private Limited1.50


Rikhav Suresh Desai1.50


Laxmi Narayan Gupta1.49


B D Shroff Securities Private Limited1.49


Sachin Shashikant Parekh1.49


Fortune Finsec Pvt Ltd1.48


FINBUCKS Financial Management1.48


M/S Milestone Financial Consultants1.48


AUM Insure And Secure Pvt Ltd1.47


OMEGA FINANCIAL1.47


Jiten Arjun Karnani1.47


Nitin N Odhawani1.46


Abhishek Sunil Gupta1.46


Padmanaban B1.46


Sanat Kacker1.46


KANGAROO ADVISORS1.46


Nimish Kantilal Unadkat1.45


S S Broking House & Consultants Pvt Ltd1.45


Essel Finance Wealth Services Pvt Ltd1.45


MPOWER FINANCIAL ADVISORS1.45


Prakash Investments1.45


Jignesh V Shah1.44


K Arun Kumar1.44


Equations1.44


MARWAHA HOLDINGS PRIVATE LIMITED1.44


Wealthcare Investment Services1.43


Aahlada Securities Pvt Ltd1.43


TCM Advisory Pvt Ltd1.43


Chandrakant Kashinath Amritkar1.43


Jury Advisory Services Pvt Ltd1.43


Varughese Mathai.K1.43


Saksham Securities Pvt Ltd1.42


Invest & Prosper Financial Services1.42


Asit C. Mehta Investment Intermediates Ltd1.42


Nand Kishore Kothari1.41


Elite Portfolio Management1.41


Clairvoyant Capital Services1.41


AU Mutuals Financial Planners Pvt. Ltd.1.41


Shashank Jain1.40


PUNISKA INDUSTRIES PVT LTD1.40


Clairvoyance Securities Private Limited1.40


Fortitude Securities Pvt.Ltd1.40


Probin Agarwalla1.40


THEFINANCIALMALL PRIVATE LIMITED1.39


Prakash Hariram Lohana1.39


Kumud Ketan Dedhia1.39


Asset Alliance Securities Private Limited1.39


Sunder Gopal Roy1.39


Surendra Kumar Dugar & Co1.39


Mukul Pravin Kulkarni1.39


Grow Rich Fintech LLP1.39


S V FINANCIAL SERVICES1.39


Manjulaben Nagindas Hajariwala1.39


Urjita Financial Services Private Limited1.39


UPMARKET FINANCIAL ADVISORY SERVICES LLP1.39


ACE FNSUPERMARKET PVT. LTD.1.38


Chandulal L Vasa1.38


BANCONUS FINANCIAL SOLUTIONS PRIVATE LIMITED1.38


Anurag Bagrodia1.38


TIPS1.38


Mitul Pravinchandra Desai1.37


Beereshwar Financial Services1.37


Milind Khasnis1.37


PROLIFIC FINVEST PRIVATE LIMITED1.37


Dhairav Janak Shroff1.37


Blue Ocean Financial Services Pvt Ltd1.36


Gajendra Hiralal Jain1.36


Boho Consultants Pvt Ltd1.36


Affluenz Financial Services India Private Limited1.36


Kuncham Investment & Financial Services1.36


Kshitiz Agarwal1.36


Growide Investment Consultancy Pvt. Ltd.1.35


IndiaNivesh Securities Limited1.35


Wealth Lab Private Limited1.35


Sandeep Shah1.35


Vatsal Pravin Shah1.34


FLEXI CAPITAL LLP1.34


SRI KRISHNA CAPITAL1.34


Shri Ashutosh Securities Private Limited1.33


Santushti Capital LLP1.33


Akta Associates1.33


Imperial India Investment Company1.33


Rajesh Kr Sodhani1.33


Lotus Mint Advisors Private Limited1.33


Arihant Capital Markets Limited1.32


Premin Securities1.32


Mahesh G Gattani1.32


Shagun Sandeep Sutaria1.32


Naresh Popatrao Karpe1.32


Viral R Kothari1.31


Ethix1.31


Yogendra Dilipbhai Doshi1.31


Rohan Maurya1.31


A R J Financial Consultants India Private Limited1.30


Devendra Yeshwant Mhatre1.30


Parth Shah1.30


Standard Chartered Securities (India) Limited1.30


Deepak Kumar Bhardwaj1.30


Imperial Prime Consultancy Private Limited1.30


Ensign Capital Markets and Investments Pvt. Ltd1.29


Ashika Stock Broking Ltd.1.29


A K Narayan1.29


Answers Financial Planners Pvt.Ltd.1.29


Niblick Capital Growth Private Limited1.29


Investmentadvisorindia.com1.29


PW Fund Managers Private Limited1.29


Abhenav Khettry1.28


Anjana Shah1.28


Rajeev Murarka1.28


The Saraswat Co-Operative Bank Ltd1.27


JK Securities Pvt. Ltd.1.27


Indira Jitendra Udani1.27


Ramesh Valab Nainani (Huf)1.27


VINTRUST WEALTH MANAGERS LLP1.27


Palani Dhamodar1.27


Saksham Wealth Solutions Private Limited1.27


Pinakini Share & Stock Brokers Ltd1.26


MARWAHA CONSULTANTS PVT LTD1.26


Finance Doctor Pvt. Ltd1.26


Mangal Deep Financial Services1.25


Jerry John Kadampatt1.25


Maarg Financial Planners Pvt Ltd1.25


Nikhil Jitendra Anandpara1.25


Harshvardhan B Sekhsaria1.25


Prakash Mahendra Thakkar1.25


Arthashastra Investment Managers Private Limited1.24


Sangam Investments1.24


Right Returns1.24


Rupam Mahapatra1.24


Immensus Wealth Management LLP1.24


Augment Capital Advisors LLP1.24


Narnolia Financial Advisors Limited1.24


Cerebral Advisors1.24


Seema Ramesh Nainani1.23


Oxyzen Financial Advisory And Services Pvt Ltd1.23


Harsha Nandlal Parekh1.23


Prime Gold Wealth Management Services Pvt. Ltd.1.23


TAPARIA PRIVATE LIMITED1.23


Gayetri Nidhi Shaha1.23


CITRINE FINANCIAL ADVISORS LLP1.22


KMP Consulting1.22


Ranna Amit Thakkar1.22


Darshan Mahendra Parekh1.22


Frontline Wealth Management1.21


Gopi Kishan Agarwal1.21


Gaindamull Hemraj Financial Services1.21


Neville Mehli Poncha1.21


Jash Consultancy1.21


Enrichwise Consultancy Services Pvt Ltd1.21


Lotus Knowlwealth Private Limited1.21


G K Wealthcare LLP1.21


MIDAS FINSERVE PRIVATE LIMITED1.21


Siddharam Gurusiddappa Kolkur1.20


Profit Mantra1.20


V Serve Management Private Limited1.20


ARK PRIMARY ADVISORS PRIVATE LIMITED1.20


Dilipkumar Shashikant Vayeda1.20


Om Sanchay Insurance Agency1.20


Sheetal Sitaram Upadhyay1.20


Kanchan Hiralal Jain1.20


Ruby Financial Services Pvt Ltd1.20


Abhinav Mehta1.19


Shekhar Madhusudan Mahore1.19


Suman Gupta1.19


ITI Securities Broking Limited1.19


Siddharth Sharathkumar1.18


K Sarath Kumar1.18


Sri Kotyark Investments1.18


Milestone Portfolio Consultants Private Limited1.18


M/s Oracle Capital Advisory Service1.18


Kumaraswamy C.V1.18


Raedan Securities LLP1.18


Prasad R Sangam1.17


TRINITAS WEALTH PLANNERS LLP1.17


Raunak Ramuka1.17


Yatish Wealth Managers1.17


Viral Kishorbhai Shah1.17


Imperial Wealth Services1.16


Subhas Chakraborty1.16


Artham Finometry Private Limited1.16


Ram Kishore Jha1.16


L&T Capital Company Ltd1.16


Thakker Nikhil Vasudev1.16


RBM Investment Services1.15


Bipin Bihari Sinha1.15


Francis Michael Clement D'Cruz1.15


S Govinda Raju1.15


VARDHANA FINANCIAL SOLUTIONS PRIVATE LIMITED1.15


Sandesh Shenoy1.14


DSFS WEALTH MANAGEMENT LLP1.14


S.R. Investments1.14


Indus capital1.14


SURVAM INVESTMENTS PRIVATE LIMITED1.14


THE PORTFOLIO SHOP FINANCIAL SERVICES1.14


Bharat Soneja1.14


WealthDirect Portfolio Pvt Ltd1.13


Mahesh Sawaika1.13


Vinayak Dattatreya Joshi1.13


Rajesh Kumar Bhutra1.13


Ramakrishna Kolluri1.13


Rainbow Consultancy1.12


PROAFFLUENCE ADVISORY SERVICES PRIVATE LIMITED1.12


Janak Dulari1.12


Sykes & Ray Equities (I) Ltd.1.12


MONEY PLANT CONSULTANCY1.12


Arvind Financial Services1.12


Sharad Gupta1.12


Prime Gold Securities1.12


Shivam Mehrotra1.12


FINOMATIC CONSULTANTS PRIVATE LIMITED1.12


VA Inc1.12


Jignesh P.Shah1.12


TRISKAIDEKAPHILLIA SOLUTIONS PRIVATE LIMITED1.12


COUNTON ADVISORS PRIVATE LIMITED1.11


M K Financials1.11


Anshu Jaisinghani1.11


VRISHANK ADVISORY SERVICES PRIVATE LIMITED1.11


Ashish Golechha1.11


Jackson Consultants1.11


Umesh Kumar Gupta1.10


Drumesh H.Pandya1.10


Bharat Tokershi Gosar1.10


Growmore Financial Advisors1.10


Vikram S.Bagadthey1.10


Sonia Narang1.10


Bhavesh Indravadan Gandhi1.10


Wealth Creators1.10


Shah Digpal Hemant1.09


Krishan Murari Gupta1.09


Investor Point1.09


Tumma Balraj1.09


Shenoy Investment & Financial Consultants Pvt Ltd1.09


Dhruv Rajesh Rawani1.09


Prudent Bull Wealth Management Private Limited1.08


WEALTH MANAGEMENT1.08


Thousand Lights Investments Pvt. Ltd.1.08


LADCO CREST WEALTH MANAGEMENT SERVICES LLP1.08


SURAT COMMERCIAL PRIVATE LIMITED1.08


Anita Arun Lagu1.08


Jitendra Jaiswal1.08


SFIC Fiscal Services Pvt Ltd1.08


6TH SENSE INVESTMENTS CONSULTANTS1.07


Gautam Rathore1.07


INTEGRA WEALTH PLANNERS LLP1.07


Defmacro Software Pvt Ltd1.07


Aditya Vinayak Joshi1.07


Aravindakshan K M1.07


Ajay Kantibhai Shah1.07


Suman Kumar Thakur1.07


Shrambal Consultants Private Limited1.06


Gada & Haria Financial Planners Private Limited1.06


kaveesha Investment Solution Pvt.Ltd.1.06


Bahubali Mohanlal Shah1.06


Avanish K Shah1.06


Yes Investments1.05


Akshaya Budhraja1.05


MONETA GLOBAL ADVISORS1.05


Champion Traders1.05


Gopal Chulani1.05


Harihar Finance Corporation1.05


Ellora Consultants Pvt Ltd1.05


Pankaj Sidana1.04


Wholelife Financial Services (Hyderabad) Pvt. Ltd.1.04


Sarsa Financial Advisory Services Ltd1.04


Dilshad Kaiwan Billimoria1.04


GUIDE AND GUARDIAN LLP1.04


Golkunda Commercial Private Limited1.04


Grow More Investment1.04


Satyen Girish Vakil1.04


Greenback Capital LLP1.03


Om Web Tech Pvt Ltd1.03


Arun Purushottam Patel1.03


Kalariya Ravi Keshavlal1.03


Paresh Gopal Bhide1.03


Panna Rajendrakumar Parikh1.03


FIRST ADVISORS AND CONSULTANCY PRIVATE LIMITED1.02


Jyotsna Amarish Shah1.02


Thirukochi Financial Consultants Pvt Ltd1.02


Daularam Kewalram Patel1.02


Lallit Tripathi1.02


Soba Infosec Pvt Ltd1.02


Vishal Kumar Narang1.02


Joseph Pearl Stanley1.02


Doogar & Associates Securities Ltd1.02


LIVRICH WEALTH SOLUTIONS1.01


SHRI BALAJI CAPITAL1.01


Harishchandra Jayram Pandya1.01


Megriar Advisors Private Limited1.01


Sandeep Garg1.01


WEALTH EXPRESS1.01


Sweety Dhaval Desai1.01


Wealthpoint Financial Resources Pvt Ltd1.01


Srivari Investments1.01


Joseph Elias Menezes1.01


Prashant Murlidhar Bagad1.01


Rohit Singh1.00


Abhijit Shivanand Sawant1.00


Surendra Kumar Bagaria1.00


Girish Wani1.00


Dhanvriddhi Finvest Services Pvt Ltd0.99


Invest Search0.99


MUDRA CONSULTANCY GROUP PRIVATE LIMITED0.99


Ipcon Associates0.99


Perfect Investments0.99


Vinod Kumar Anand0.99


Rajeev Kumar Singh0.99


Elite Wealth Advisors Limited0.99


Insoft Financial Services0.98


Pathik Shah0.98


RVN MANAGEMENT0.98


Jalan Financial Services0.98


MSM WEALTH CREATORS0.98


Pranav Anant Gadgil0.98


Jugal Kishore Marwaha0.98


Porecha Global Securities Pvt Ltd0.98


Genome Capital0.98


Vishvambhar C S Kenkare0.97


Babubhai Hiralal & Co0.97


Marwadi Shares And Finance Limited0.97


Javahar Kuttypady0.97


DHYEY ASSET ADVISORS LLP0.97


S Babu Arunachalam0.97


Anil Manohar Kataria0.97


Shyam Singhania0.97


Mehul Hasmukhbhai Shah.0.96


NARAIN FORTUNE INVESTMENT LLP0.96


Fin Secure0.96


ICOACH FINANCIAL CONSULTANCY PRIVATE LIMITED0.96


Minesh R Dalal0.96


M.Ramachandran0.96


Gaurang Investments0.96


Y. Sridhar0.96


Sejal Avanish Shah0.96


Prokens Opesmetrics Pvt Ltd0.95


Yajendra Chinnaya Shetty0.95


TBNG Capital Advisors Pvt Ltd0.95


Naveen Rego Wealth Managers Pvt. Ltd.0.95


Anup Thirani0.95


Ajay Kumar Arora0.94


Adokshaja Krishnarao Kulkarni0.94


Gaurav Mehrotra0.94


ADDON INDIA PRIVATE LIMITED0.94


Nutan Lancelot Dcunha0.93


Virendrakumar Rajnikant Modi0.93


Chetan Manharlal Lapsiwala0.93


Ankit Jain0.93


Opulence Wealth Labs (P) Ltd0.93


Shashi Shekhar Chilana0.93


Deepak Bakshi0.93


Dolfin Investments0.93


Shriram Fortune Solutions Ltd.0.93


Goel Financial Consultants0.92


Rashmi Rajendra Pachare0.92


Lalit Kumar0.92


Vithadwaitha Investment Consultants Pvt Ltd0.92


Suvarna Yogesh Shah0.92


Mrigendra Kumar Mishra0.92


Shwetang Sanat Sheth0.92


Deepam Marketing Enterprises (P) Ltd0.92


Syndicate Bank0.92


Solutions .0.91


Mridula Chadda0.91


Ananthalakshmi M0.91


Coronet Vyapaar (P) Ltd0.91


A.Makarand Govindrao0.91


Barrier Foils Private Limited0.91


Ritesh D Sheth0.91


FUTURE WEALTH0.91


Tushar Jitendra Shah0.91


Sridharan Narasimachari Kilpakkam0.90


Jignesh Lalitbhai Kapadia0.90


Mahodadhi Securities Pvt Ltd0.90


PAREKH INVESTMENT SERVICES0.90


Amit Sitaram Luharuka0.89


Ajay Khurana0.89


BNP Paribas0.89


Biren Krishnakant Chhatrapati0.89


M Venkateswaran0.88


Hemant Satyavan Shah0.88


Arvinder Singh Bindra0.88


Shreeji Kosh Services0.88


AU SMALL FINANCE BANK LIMITED0.88


Sriram Suryanarayanan0.87


Sinhasi Consultants Private Limited0.87


Sunil Hindocha0.87


SIMPLICITY INVESTING ADVISORS INDIA PVT LTD0.87


KRM FINANCIAL CONSULTANTS0.86


Venkatesh Share & Stock Brokers Pvt. Ltd.0.86


FORTUNE FINSERVE LLP0.86


Holistic Investment Planners Pvt. Ltd.0.86


Sukanta Bhattacharjee0.86


Ram Advisory Services Pvt Ltd0.86


Kaushikkumar Harmanbhai Patel0.86


Right Choice Investment Shoppe0.86


Arjun Gupta0.86


Satish Arora0.86


Ruchi Jain0.85


VR Wealth Advisors Pvt Ltd0.85


Lakshminarayanan Kumaar.0.85


Vinod S Singh0.85


Bheruratan Onkardas Dammani0.85


GUARDIAN CAPITAL INVESTMENT ADVISORS PRIVATE LIMITED0.85


Krupa Enterprises0.85


Sourendra Saha0.85


Abm Investment0.84


NNP FUNDS0.84


Vikash Toshniwal0.84


SMC Investments And Advisors Limited0.84


Shradha Gaurav Damwani0.84


PRIME WEALTH SOLUTIONS0.84


Shree Consultants0.83


Adoni Venkatesh0.83


Ashok Thakwani0.82


Zerodha0.82


ZUARI FINSERV LIMITED0.82


Akshaya Wealth Management (P) Ltd0.82


Kailash Narain Datt0.81


Artha Yantra Corporation Pvt Ltd0.81


Neela Mehul Adalja0.81


Lakshmi Enterprises0.81


Jain Bros0.81


Nandkishor Yeshwant Sinari0.81


SWS FINANCIAL SOLUTIONS PVT LTD0.80


SVC CO OPERATIVE BANK LTD0.80


KFIC Securities Ltd0.80


Networth Wealth Solutions Ltd0.80


Michael Duarte0.79


Dhaval Mahendra Desai0.79


Keval Jaysinh Gemani0.79


Rajesh Kadam0.79


Rajiv Suri0.79


Swathi Investments0.78


Integra Securities Private Limited0.78


FINFIRST CAPITAL ADVISORS PRIVATE LIMITED0.78


Ashok Kumar Agarwal0.78


Prajakt Dilip Bhandare0.77


Japna Sharma0.77


MONEYPLUS FINANCIAL AND CONSULTANCY SERVICES LLP0.77


Praveen Mahabirprasad Dalmia0.77


Rajaram Management Services Pvt Ltd0.77


I2 ADVISORS0.77


Kedar Dattatraya Borgaonkar0.77


Narendra Shrikisan Agrawal0.76


Sach Investments0.75


Jayshree A Shah0.75


Bajaj Share And Stock Brokers Pvt Ltd0.75


Jayanta Ghosh0.75


Jayaprakash Polavarapu0.74


Deepak Krishnamurthy Rao0.74


Bajaj Securities0.74


Sandeep J Shukla0.73


Ketan Jayantilal Shah0.73


Financial Mart0.73


Aspandiar Nari Kanga0.72


Sunil Bhanudas Kanade0.72


Peerless Financial Products Distribution LTD0.71


Bank of Bahrain & Kuwait B.S.C.0.71


Ranjan Chandok0.71


ALPHAFRONT FINSERV PVT LTD0.71


Manju Kumari0.71


D Sundararajan0.71


Pivotal Enterprises Private Limited0.70


Pooja Aggarwal0.70


Transcend Consulting (India) Pvt Ltd0.69


Etechaces Marketing & Consulting Pvt. Ltd.0.69


Dhaval S Shah0.69


Manthan Shah.0.68


Janak Merchant Securities Pvt Ltd0.68


Anshu Shrivastava0.67


Harjindarkaur Wadhawan0.67


Gunisetty Gnana Prasunamba0.67


The Cosmos Co-Operative Bank Ltd0.67


Kaushik Nagindas Shah0.67


Purushotham Reddy Pattubala0.67


Nooney Madhava Siva Prasad0.66


Sandeep Gupta0.66


Finmass0.66


Indian Overseas Bank0.65


Amit Jasani Financial Services Pvt Ltd0.64


Anita Investment Agencies0.64


Vogue Management Services Private Limited0.63


Pelican Wealth Managers Pvt. Ltd.0.63


KONFIDO ADVISORS PRIVATE LIMITED0.63


Ishwar Chandra Baid0.62


Devavrat Parvate0.62


P K Martin0.62


Vivek Kumar0.62


Om Enterprises0.62


Religare Securities Limited0.61


U.R. Financial Consultants0.61


Kaushal Kumar Patel0.59


Santwana Nandi0.59


Rajesh Sarawgi0.59


Ramesh Chander Anand0.58


Kurnala Umarani0.58


WINRICH PROFESSIONAL SERVICES PRIVATE LIMITED0.58


Arun Sankar0.57


Director General Posts0.57


Deepa Manoj Adalja0.57


Bhartiben Kishorchandra Shah0.57


Sandeep Gupta0.56


Unifi Financial Pvt Ltd0.56


ACE CAPITAL ADVISORS0.56


ARNAV FINANCIAL SERVICES0.55


Quantum Information Services Private Limited0.55


Surjeet Kapoor0.55


Quinstinct Advisory Pvt Ltd0.55


Parita Sandeep Gandhi0.55


Shubham Sanjay Damani0.55


Allahabad Bank0.54


NDA Securities Limited0.53


Tarla Pankaj Mavani0.52


RELIGARE BROKING LIMITED0.52


Pranjit Gogoi0.51


Pawan Gupta0.51


Veena Gupta0.50


Walter Cyril Pinto0.50


GANADEESHA FINANCIAL SOLUTIONS PVT LTD0.50


INVESTPRO FINANCIAL SERVICES PRIVATE LIMITED0.49


The South Indian Bank Ltd0.48


o3 Securities Pvt Ltd0.47


M/S ARWIND M SHAH0.45


WADHAWAN WEALTH MANAGERS PRIVATE LIMITED0.45


The Karur Vysya Bank Limited0.42


IDBI Capital Markets & Securities Limited0.39


PROVIDENTIAL ADVISORY SERVICES PRIVATE LIMITED0.38


DEGREE 212 CONSULTANCY SERVICES PVT LTD0.37


RMS COLLECTIONS0.37


TRUFID INVESTMENT ADVISORS PVT LTD0.36


Indian Bank0.36


Religare Finvest Limited0.35


SMARTVALUE EQUISEARCH PVT LTD0.33


Sewa Kaur Saini0.33


NESTE WEALTH MANAGEMENT SERVICES LLP0.31


Oriental Bank Of Commerce0.31


Peerless Securities Limited0.31


UVA WEALTH MANAGERS PRIVATE LIMITED0.31


INDUS CAPITAL0.29


TJSB Sahakari Bank Ltd0.28


Andhra Bank0.26


UCO Bank0.26


Bajaj Finance Limited0.24


NKGSB Co-op Bank Ltd0.22


ROSY BLUE SECURITIES PVT. LTD.0.22


Abira Management Services Ltd0.21


Dena Bank0.20


Tamilnad Mercantile Bank Ltd.0.18


EQUIRUS WEALTH PRIVATE LIMITED0.18


Corporation Bank0.16


FUNDSFIRST FINANCIAL SERVICES0.16


VAR FINANCIAL CONSULTANTS PRIVATE LIMITED0.16


Aditya Birla Money Ltd0.14


HDFC Sales Private Limited0.13


Invest India Micro Pension Services Pvt Ltd0.12


The Peerless General Finance & Investment Co Ltd0.11


SHEPARD TECHNOLOGIES PRIVATE LIMITED0.10


Central Bank Of India0.09


The Lakshmi Vilas Bank Ltd0.06


Sunita Gupta & Co.0.04


R.N.Mittal & Co0.04


MYWISH MARKETPLACES PRIVATE LIMITED0.03


UTKARSH SMALL FINANCE BANK LTD0.02


Soma Dewanjee0.00











What are the big takeaways from this list?

Banks, the organizations most individuals turn to first financial products, are among the largest recipients of commissions.

Several of these in the list provide ‘free’ financial workshops and programs. They indeed specifically only educate about their platforms and products, since they end up making far more in commissions.

Guess that helps you understand the scale of the problem, since clearly there is a conflict of interest at play everywhere. But that’s just financial industry for you.

Happy Moneyplanting.

Vinod

The post Mutual fund commissions; and the wealth lost to them in 2018-19 appeared first on The Moneyplanting Program on Financial Wellness | Vinod Desai.

Direct Mutual Fund Sites in India [2020 List]

TLDR: A complete list of all direct mutual fund sites in India as of Jan 2020. And some FAQs on what they are. Click here to jump to the list.

What are Direct mutual funds anyway?

Simply put, they’re a no-broker way to invest in mutual funds. You invest directly with the company running the mutual fund. These companies are called AMCs – short for Asset Management Companies.

Why should I care?

Well, since no brokers or middlemen are involved, your mutual fund earns you more. Middlemen(distributors) get both upfront and trailing commissions. This is money which could’ve belonged to you, but is going to a middlemen instead.

The deceptively named ‘Regular’ funds have middlemen involved. Direct funds don’t.

How much am I losing by not investing in Direct funds?

Far more than you can ever imagine. Middlemen often don’t disclose the fact that they receive commissions. When they do, they try to make it seem inconsequential. You can know exactly how much you’re losing, by reading this post here.

What are Direct Fund mutual fund sites(or platforms)?

They allow you to, or specifically provide access to only Direct plans of mutual funds. They also act as aggregator sites – which means they allow you to invest in mutual funds from multiple providers(AMCs). This is unlike platforms of AMC’s themselves, where an investor is only provided access to that specific AMC’s mutual funds.

Why do most such Direct mutual fund sites charge a fee?

Because they need to stay in business. Most free websites allow you to invest for free because they’re dipping into your wealth, by getting commissions. Most direct mutual fund sites charge a fixed annual fee of sorts because most often, it’s their only source of revenue.

What’s a good enough fee to pay for such sites?

There was an entire column in the table below which listed pricing for each of these sites. But I chose to delete it. Why?

Because being honest, whatever you pay for any of these would be far lesser than what you’d lose by not investing in direct mutual funds. Again, read this to see how much you lose by investing in ‘regular’ funds and by falling for those ads which allow you to invest for free.

Is there a possible downside of using them?

Truth be told, yes. Since often, their primary source of revenue is from annual fees, and most folks in India preferring free over fair, the chances of these sites running out of operational capital are rather high. They can of course compensate the lack of income from direct mutual funds, by selling some commission-based products like Gold coins and such. But there is always a risk that they could go belly up.

Please don’t fall for free. A fee is fair. Because as someone said, when you get a product for free, it’s only because YOU are the product. When you don’t pay a fee, such profit-based companies make money off you in ways are convoluted.

The one direct mutual fund site which will perhaps always be free, and for good reason, is MF Utilities. It’s run by a consortium of mutual funds in India.

List of Direct Mutual Fund Sites

Disclaimer: There were quite a few more sites operating last year, but they seem to have gone belly up. I’ve only listed the ones which are operational as of Jan 2020. If you come across a site which is missing, do write in so it can be included.

Site NameAuthority RankLink  




Coin by Zerodha1Zerodha


Mobikwik Money2MobiKwik Money


5paisa35paisa


CAMS4myCAMS


Groww5Groww


Paytm Money6Paytm Money


Karvy7Karvy Mutual Funds


Kuvera8Kuvera


ETMoney9ETMoney


Goalwise10Goalwise


Piggy11Piggy


Invezta12Invezta


Oro Wealth13Oro Wealth


Mymoneysage14My Money Sage


MF Utilities15MF Utilities/MFU Online


Unovest16Unovest


WealthTrust17Wealthtrust


Moneyfront18Moneyfront


JamaNAJama


My Way WealthNAMywaywealth


GulaqNAGulaq











What does ‘Authority Rank’ indicate?

The ‘Authority rank’ is based on the site’s Alexa Web Rank in the country. It’s a reasonable indicator a site’s overall authority. All ranking is based on data from Jan 2020.

Alexa Rank is an estimate of how popular a site is relative to all other sites. The Alexa Rank answers the question: Compared to all other sites, how is this site doing? Note that since rank is a relative measure, one site’s rank is not only dependent on that site’s traffic, but also on changes to traffic on other sites.

https://blog.alexa.com/improving-your...

What to keep in mind while selecting a direct mutual fund site?



Ease of use

Platforms like MFUtilities, CAMS and Karvy, are led by entities from within the industry. But they have very poorly designed user interfaces. To first time users, this can seem not just be off-putting, but overwhelming.

Portfolio analysis

You’d need/want to to re-balance your portfolio every couple of years. So having a good portfolio analysis section, is rather useful.

You can switch platforms with ease

Nothing stops you from switching across platforms or evaluating several of them simultaneously. Your investments are tied to you, and not your platform. So if you’d like to experiment before finally picking one, you can.

Which direct mutual fund sites are recommended?

My order of recommendation is as follows:

AMC’s native platformMFUtilities

Among privately run platforms, I’d suggest sticking to a site which is in the top 10. Since an Alexa web rank, is a measure of the overall site’s effort’s and authority, the chances of the one’s in the top 10 staying around in the market are rather high. These top sites may also have other sources of revenue, which could ensure that a commission-free product platform stays afloat. In the worst case, if a direct mutual fund site does go belly-up, you can always fallback on AMC’s native platforms or consortium led platforms like MFUOnline.

Which site do I personally use?

I prefer to use the AMC’s native platforms for investing.

For one, I know that they’ll always be around and will always be free. Two, I encountered an issue with MFutilities once, because it listed a fund which it wasn’t servicing. It was a liquid fund in which I was planning to park a large sum of money. Money was deducted from the bank, but units weren’t allotted for several days. When I finally got in touch with their support, they simply apologized and returned the capital. And I did lose interest for a week.

I do have logins in a few other platforms, because I like to evaluate their portfolio tools. I’m still to find something which fully addresses all needs. Value research’s Beta interface (before the rollbacks) showed quite a lot of promise.

Understand finances better



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The Moneyplanting Program teaches everything that every adult needs to know about investing. It is conducted as a corporate training program. Check with your HR regarding upcoming sessions.

The post Direct Mutual Fund Sites in India [2020 List] appeared first on The Moneyplanting Program on Financial Wellness | Vinod Desai.

Direct Mutual Fund Sites in India – 2020 List

TLDR: A complete list of all direct mutual fund sites in India as of Jan 2020. And some FAQs on what they are.

What are direct mutual funds anyway?

Simply put, they’re a no-broker way to invest in mutual funds. You invest directly with the company running the mutual fund. These companies are called AMCs – short for Asset Management Companies.

Why should I care?

Well, since no brokers or middlemen are involved, your mutual fund earns you more. Middlemen(distributors) get both upfront and trailing commissions. This is money which could’ve belonged to you, but is going to a middlemen instead.

The deceptively named ‘Regular’ funds have middlemen involved. Direct funds don’t.

How much am I losing by not investing in Direct funds?

Far more than you can ever imagine. Middlemen often don’t disclose the fact that they receive commissions. When they do, they try to make it seem inconsequential. You can know exactly how much you’re losing, by reading this post here.

What are Direct Fund mutual fund sites(or platforms)?

They allow you to, or specifically provide access to only Direct plans of mutual funds.

Why do most such direct mutual fund sites charge a fee?

Because they need to stay in business. Most free websites allow you to invest for free because they’re dipping into your wealth, by getting commissions. Most direct mutual fund sites charge a fixed annual fee of sorts because most often, it’s their only source of revenue.

What’s a good enough fee to pay for such sites?

There was an entire column in the table below which listed pricing for each of these sites. But I chose to delete it. Why?

Because being honest, whatever you pay for any of these would be far lesser than what you’d lose by not investing in direct mutual funds. Again, read this to see how much you lose by investing in ‘regular’ funds and by falling for those ads which allow you to invest for free.

Is there a possible downside of using them?

Truth be told, yes. Since often, their primary source of revenue is from annual fees, the chances of them running out of business are rather high. They can ofcourse compensate this by selling some commission-based products like Gold coins and such. But there is always a risk that they go belly up if people in India continue to prefer whatever is free over whatever is fair.

Please don’t fall for free. A fee is fair. Because as someone said, when you get a product for free, it’s only because YOU are the product. When you don’t pay a fee, such profit-based companies are just making money off you in ways you don’t realize.

The one direct mutual fund site which will perhaps always be free, and for good reason, is MF Utilities. It’s run by a consortium of mutual funds in India.

Which platform do I personally use?

Personally, I prefer to only use the AMC’s native platforms. For one, I know that they’ll always be free. Two, I encountered an issue with MFutilities once, because it listed a fund which it wasn’t servicing. It was a liquid fund in which I was planning to park a large sum of money. Money was deducted from the bank, but units weren’t allotted for several days. When I finally got in touch with their support, they simply apologized and returned my capital. And I did end up losing interest for a week.

List of Direct Mutual Fund Sites

Disclaimer: There were quite a few more sites operating last year, but they seem to have gone belly up. I’ve only listed the ones which are operational as of Jan 2020. If you come across a site which is missing, do write in so it can be included.

Site NameLink




KuveraKuvera


ETMoneyETMoney


UnovestUnovest


GoalwiseGoalwise


GrowwGroww


Coin by ZerodhaZerodha


Paytm MoneyPaytm Money


PiggyPiggy


CAMSmyCAMS


KarvyKarvy Mutual Funds


MF UtilitiesMF Utilities/MFU Online


InveztaInvezta


MoneyfrontMoneyfront


JamaJama


MymoneysageMy Money Sage


Mobikwik MoneyMobiKwik Money


WealthTrustWealthtrust


My Way WealthMywaywealth


Oro WealthOro Wealth


MoneyfrontMoneyfront


5paisa5paisa


GulaqGulaq











Understand finances better



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This book teaches everything that every individual needs to know about investing and essential finances. It’s an improved and updated version of the to older, but highly rated book – Grownups Are Just Kids With Money.

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The Moneyplanting Program teaches everything that the book does, but is more effective since it’s a mixed-mode training program. It is only conducted as a corporate training program. Check with your HR regarding upcoming sessions.

The post Direct Mutual Fund Sites in India – 2020 List appeared first on The Moneyplanting Program on Financial Wellness | Vinod Desai.

Recession in India & US | Predictions for the last 10 years

With 2020 coming to an end, and talks of recession in India in 2021, I wanted to bring forward something for purely an educational purpose. This is especially relevant for beginners and also for those who try to time the market.

The fact is, Economists have predicted a recession for each year, since the last 10 years.

Recession in India and US | Here’s a look at 10 years of warnings



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2010




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2011




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2012




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2013




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2014




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2015




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2016




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2017




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2018




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2019








But what actually happened in these 10 years?



US witnessed one of the best bull runs in its history since World War II, with an astounding 468% gain for the S&P 500.India’s own SENSEX shot up by around 350%.







But here’s where the predictions get worse

Absolutely no economist saw the 2007-2008 financial crisis coming.

Housing crisis in the US set in around June 2006. The first trigger of the crisis came sometime around May of 2007. The markets started to crash by September 2007.

If you try and look for predictions before June 2006 of the financial crisis just around the corner, you’ll find none.

The first public prediction came from Nouriel Roubini, an economics professor, in August 2006. You can read that article here. But by then the housing crisis had already set in. And as the article also says, absolutely no other economist agreed with him.

Here’s a quote from the article.

While many economists share Roubini’s concerns about imbalances in the global economy and in the U.S. housing sector, he stands nearly alone in predicting a recession next year.

– August 2006

There are several articles about Raghuram Rajan having predicted the crisis. But he merely argued that a disaster “might loom”. This was in a paper in 2005. But considering how its possible to find a warning of a recession for any year, its indeed possible for someone to be right sometime.

So what’s the takeaway?

Absolutely no one can predict a market recession.

The only time economists and financial pundits have all the answers, is after an event has already occurred.

There are plenty of articles online about Yield Curve Inversion being a good predictor, but even that has been wrong twice.

How do you invest when a ‘Recession in India is coming’ warning is always there?

There will always be noise. And indeed a market correction or a slowdown can start anytime. So stick to the basics. Here’s a simple checklist.

Any money which is dear to you in the next five years should be in a debt product. Even the humble FD is fine for that. When it comes to equity investing, always diversify. Stick to Mutual Funds. (Only Direct Mutual Funds. And if you don’t believe in Fund Managers, take up Index Fund investing.)Don’t stop your SIPs. If the markets do correct, or if a full blown financial recession does occur, an SIP will bear even better results in the long run. Always stay well insured. Pick up a term life insurance policy and a good health insurance policy.

There are zero guarantees in equity investing in the short term. But over a long run, equities always provide inflation beating returns. Take a look at the chart in this post to see a comparison of past returns from various asset classes.

Happy Moneyplanting.

Vinod

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Other Things You’ll Find Useful







This beginner’s book on essential finances





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No guilt tripping.

No complicated math.

Just stuff which will leave you 10 years wiser.

Read the first chapter here.

These quizzes on financial trivia

No sign up, no registration. 10 questions in each.

Quiz on basic investing trivia – Try it here.Quiz on basics of mutual funds – Try it here. Quiz on insurance trivia – Try it here.



Using Scripbox, Fundsindia or other such sites?

They’re not really free. Most just don’t know how much they’re paying. Read here.

Bought a ULIP or an LIC policy recently?

These are things your agent doesn’t want to you know. Here’s the article on ULIP, and here’s the one on LIC.

NPS. Should you invest?

This article will help you decide.

The post Recession in India & US | Predictions for the last 10 years appeared first on The Moneyplanting Program on Employee Financial Wellness | Vinod Desai.