Page 5 - Harsh Roongta

Regulation is inadequate protection against greed

There also needs to be a concerted effort to educate the consumer so that she is better informed about the risks and rewards of what she is doing

Run numbers, you may have enough to quit

Truth be told, it is one of our profession's greatest pleasures to see the exhilaration on a client's face when he realises he can break free anytime he wants

Exchanges must provide data on unclaimed shares

The stock exchanges should aggregate data on unclaimed shares and dividends from all listed companies, and provide it on their websites with easy-to-use search functionality

Maximising returns can harm financial health

Investments should carry a statutory warning: "Any attempt to maximise returns can be injurious to financial health"

Make nomination the third route of succession

Even in an august gathering such as the one at Vigyan Bhavan, the percentage of people who had made their Will would be in the low double-digit

Landmark reforms: Costs for some, benefits for all

Once again in the AA framework, IPs will have to bear the costs initially, while the benefits will accrue to the entire economy, not just them

Limit Section 54 benefit to curb money laundering

Section 54 tax exemption should not be available if the taxpayer already owns two or more properties on the date of sale of property

More is less in client communication

Sarika likes to go through all the communication she receives and then take an informed decision. She was hassled because this deluge was hindering her

Win or endure? Choose advisor based on goal

A good investment advisor will begin by learning your goals, develop a plan, and manage behaviour to ensure you don't get excessively affected by highs and lows

Big Data can at times spell trouble for taxpayers

The tax department's initiatives would, in the normal course, have been welcomed by honest taxpayers, but implementation issues and the taxman's misaligned views are causing problems

Avoid financial dependence on children post retirement

Making adequate provision for your spouse and yourself for a prolonged period of retirement must take precedence over distributing your wealth among your children

Overseas investment limit of MFs must be hiked now

Delay in hiking the limit will leave doubts about the concerns that weighed on the RBI, and whether those concerns could arise again in future

Why I don't advise clients on cryptos

The RBI had banned banks from holding or facilitating cryptocurrency transactions, but the Supreme Court set aside that circular

Wanted, a panel to settle tax disputes

The government should constitute a panel to examine disputes, especially those where the Department has lost in the lower forums and appealed in a higher one

Chipping away at EPFO's benefits

If the Centre only enforces mobility between the EPFO and NPS, the subscribers will settle the argument by voting with their feet

Use only 'mad money' to invest in fads

Investors with a compulsive need to participate in any ongoing action should do so by having a 'mad money' allocation-money they can afford to lose

Short claim procedure needed for old policies

Section 45 of Insurance Act says claims can't be rejected in policies older than three years. Then why demand so many papers in such cases?

How you use a loan determines tax benefit

Interest paid on even a loan against property is tax deductible if you can prove that the loan was utilised for your child's higher education

Assess your advisor on long-term performance

If you assess your advisor on short-term returns, he will use riskier products to generate them, which could result in losses

Will you be rich?

On doing the math, I discovered I would be able to achieve most of my goals provided I made some adjustments and invested more resources