Shield Your Portfolio From Rupee Slide

Portfolio is a combination of investments. You can shield your portfolio from rupee slide considering following points:

1. International Funds: The mutual funds that invest in international equities are a good way to hedge your portfolio against rupee depreciation.This is so because you invest in these schemes in rupees but money invested abroad in dollars.So, if the dollar appreciates against the rupee, you can expect a jump in returns from the global fund.

2. Export-Oriented Companies: One way is to invest in those companies who have major chunk of their income from exports. They will get income in dollars and their margins […] Read more

Impact of Rupee Depreciation on Common Man

Here are the few areas which highlights the impact of rupee depreciation on Common Man:

1. Importers/Exporters: Importers will be adversely affected as they will have to pay more for same quantity. But conversely exporters will be delighted as they will get more for same quantity.

2. Imported goods: Imported goods will become costly. So, if you are using imported goods then be ready to pay more.

3. Fuel price: A weak rupee will increase the burden of Oil companies which will surely be passed to consumers.

4. RBI’s Monetary Policy: If depreciation of rupee continues, it will increase inflation giving no room to […] Read more

RUPEE IS UNDERVALUED?

A currency with an exchange rate lower than it ought to be is undervalued currency. A currency may be undervalued when its purchasing power, supply and demand are all strong, but still its price is comparatively low.

The rupee has been falling sharply over the past couple of months prompting experts to say it is now overshooting. A currency is said to be valued fairly if the REER (six currency index) Index is close to 100. When REER goes above the 100 mark, the currency is termed to be entering over valued zone and when it goes below 100, it […] Read more

THINGS TO KNOW- CHANGE IN PAN DETAILS

Permanent Account Number (PAN) has to be quoted in income tax returns & for various financial transactions. Application form the The Applicants have to fill the online ‘Request for new PAN card or changes or correction in PAN data form’ on the NSDL website. The holder must check the box on the left where the change/correction is required.

An acknowledgment screen will be displayed on submission, which the applicant must save, print & sign. The applicant must affix two colors photographs on this.

It is mandatory to provide identity and address proofs with the change request. Any changes or corrections in […] Read more

Tax Filing- Mandatory for Salary up to Rs 5 lakh per annum

Circular for compulsory filing of Income Tax Return, for people having salary up to Rs 5 lakh per annum, was issued on 22 July and last date of filing income tax return was 5 August. Considering that people got less time for filing returns and they may missed it, Income tax department allows you to file return for two preceding years, even after you crossed the deadlines.

If you have missed the deadline, you can still file the return. For assessment year 2013-14, you can file returns till 31 March, 2015.

If you file return by 31March,2014 the you will […] Read more