Dilzer Consultants - Investments and Financial Planning

An ISO 9001 (2008) Certified Company



Financial Planners in Bangalore

Your World of Finance Matters made Easy

Tax planning and tax saving options

A financial plan is the blue print of your financial life- Dilshad Billimoria in Mint

A Financial Plan is a blue print one's financial life- http://www.livemint.com/Money/JZt5p2f9o1g66gYdvLkBOL/A-financial-plan-is-the-blue-print-of-your-financial-life.html

Dilshad Billimoria in Mint - 20 July 2015

Bullet proof your health - COFP Article

My article on Importance of Health Insurance and Cover benefits http://dilzer.net/2015/06/20/bullet-proof-your-health-cofp-fp-pulse-article-by-dilshad-billimoria/

Claim Ratio- Dallal Times- by Dilshad Billimoria 6th June 2015

My article in Dalal Times on Claim Ratio and its intricacies- http://www.dalaltimes.com/article/investing/did-you-consider-these-things-while-buying-insurance-105937.aspx

Interview of Dilshad Billimoria in Fundoo.com

My Interview here

Dilshad Billimoria

Dilzer Consultants Pvt Ltd Promotional Video

Dilzer Consultants Pvt Ltd Promotional Videohttps://youtu.be/PbH31KUCbhI

Dilshad Billimoria writes in Dalal Times 15 April 2015

Dilshad Billimoria writes in Dalal Times 

Best Ways to Manage with Single Income

Best ways to manage with single income

Dilshad Billimoria
Dilzer Consultants

The Truth Behind Number Tricks- Mint 10 March 2015

Budget 2015: Expectation from the Salaried Class. Dilshad writes in Dalal Times.

Budget 2015:
Expectation from the Salaried Class. 

Dilshad writes in Dalal Times. 

Dilshad Billimoria writes in Mint on teaching the value of money to your children.

Dilshad Billimoria writes in Mint

Teaching Value of Money to your children

Dilshad Billimoria
Director Dilzer Consultants Pvt Ltd.

Market Valuation- March 2015

Markets are Still Under Valued-  March 2015

Dilshad Billimoria- Dilzer Consultants Pvt Ltd

Budget 2015- Snapshot

Budget 2015 Presented by Mr Arun Jaitley - Finance Minister.

On 28th February 2015, Budget 2015 was presented by our honourable Finance Minister.
The underlying objective throughout his 1.5 hours speech has been accelerating growth, enhancing investment, and creating employment benefits for the poor in the country.

He emphasised, this is what they practise and  preach.

Below is the highlights of some of key factors relating to finance:

1. Fiscal deficit to meet target of 4.1% of GDP in 2014-15. in 2015-16, it will meet 3.90%, 16-17 3.50% and 17-18, 3% of GDP
2. Public and infrastructure spending to be increased to 70,000 crore.
3. Defence- RS 246000 crore outlay  for Defence.
4. Tax free bonds to be introduced in Road, Rail and Irrigation.
5. Universal Social Security Benefit Scheme(Atal Pension Yojna) to provide for social security benefits to the non employed workforce of our country.
6. Senior Citizens Welfare Benefit Scheme to benefit Senior Citizens with pension benefits from the huge unclaimed amount lying in EPF and PPF pool.
7. Everlasting Fame- A corpus of 3700 crore set up to showcase / exhibit Parsee culture and heritage in India. Global Heritage fund in Hampi, Goa, Wlephanta Caves, Rajisthan, Leh and Hyderabad promoting tourism and culture in our country.
8. IT Support fund for start ups in IT.
9. The Power Sector gets a major boom- Over 4000 MW projects to be set up.
10. Financial Redressel Cell to be set up protecting interest of investors against financial service providers.
11. Gold Monetisation scheme to help the common man, earn interest on their gold, and enable banks to provide loan against the same. Also a Sovereign Gold bond with a fix interest rate to be introduced. This will check black money inflow through import of gold in our country.
12. Woman Social Security and benefit fund with 50,000 toilets to be set up and 1000 crore towards Nirbhanya fund.(Hope something is actually utilised from this fund.)
13. In Indirect taxation- GST to be introduced by next year (2016) to benefit uniform pricing of goods and services in our country.
14. High checks on black money circulation and imprisonment with penalties  of upto 10 years and  fine of upto 300% of tax on concealment of income and assets overseas
15. Wealth Tax to be Abolished.
16. Corporate Tax Rate reduced to 25% from 30%, however exemptions and deductions allowed will be phased away slowly.
17. Service tax net increased from 12% to 14% and the negative list of Service tax payees to be trimmed further.
18. Under Direct Taxes- Income tax, no change in slabs, however surcharge of 2% on taxable income over 1 crore  to be charged.
19. Health deduction benefit to increase from Rs 15000- RS 25000 deduction under Section 80D for individuals. Very Senior Citizens to benefit upto Rs 60,000 deduction.
20. Under Section 80CCD - Pension scheme investment benefit allowed upto Rs 50,000  per annum over and above Rs 1,50,000 allowed under Sec 80C.
21. Salaried Class benefit- Transport Allowance deduction, increased from Rs 800 to RS 1600 per month

With the overall macro situation now benign and inflation coming under control, Jaitley realizes this was his best chance to lay the broad reform framework in place, and execute the various elements over time.
 However, what will be keenly watched is how the Budget initiatives play out in the days and months ahead and whether Jaitley’s gamble on growth actually pays off.
While the ultimate test for Jaitley will be in how the various Budget proposals are implemented, the finance minister does deserve full marks this time round for putting forward a Budget which aims to address multiple challenges. As a statement of intent, it gets full marks. And that is a pretty good beginning.

Thank you
Dilshad Billimoria

Dilzer Consultants Financial Planning Division attains ISO Certification: The how! November 2012

Dilzer Consultants Financial Planning Division attains ISO Certification: The how!
November 2012

On the last day of the Comprehensive Financial Plan workshop, Sadique laid out almost 77 marketing tips & strategies on how to improve our business, acquire clients and build better relationship with clients. One of the 77 struck me hard and I said, I need to get this done for my practice. It was getting an ISO certification for my firm "DIlzer Consultants".
So, I started googling and stumbled upon OSS certification company, which had a accredtion given by Australia and New Zealand! I asked for a brief on the company profile and background of the organization and the process needed for certification.
After the initial interaction, I was told to keep the following documents ready;
  • Registration Certificate and Organization route map.
  • Organisation chart and process flow chart.
  • Responsibility and authority of concerned departments.
  • Legal requirements as applicable.
  • Establishment and Incorporation certificate (we had almost misplaced the original!)

The fees was divided as stage 1 audit (basically to check if your firm can be audited) and stage 2 (which involves review and evaluation of management systems documents and would comprise of onsite audit. There would be two annual follow ups 12 and 24 months from the date of certification and renewal would be based on procedures and practices laid down and followed! Therefore, the ISO Certification would be valid for 3 years, subject to annual review every year for 2 years.
The date was fixed and I was very excited. (Apparently, the date we got the certification  26 July 2012 marked the 11th anniversary of commencing my financial advisory division of business. It was a pleasant and god given coincidence)
On the arrival of the auditor, we were asked for the above documents and to my surprise a host of other documents which we were not told of earlier and had to start gathering as, he asked for the same.
Luckily for us, we follow a very detailed process driven Action plan for our clients. Right from the Initial Welcome letter to ongoing service details, we have outlined the process and follow the same for every client. This ensures standardization of delivery and process, which is the basis of an ISO certified company.
The following additional documents were requested from the ISO person for the onsite audit.
  • List of client names
  • Process followed on initial client acquisition with the details of mails communicated and follow up.
  • Sample Financial Plan.
  • Sample Account statement.
  • Financial Plan construction process
  • Categories / Types of clients.
  • Services provided to our clients.
  • Service Execution process and delivery for AUM clients.
  • Services execution and delivery for NRI clients.
  • Financial Plan review and coverage and why review is so important.
  • Investment execution process
  • Newsletters
  • Asset Allocation
  • Feedbacks and Feedback Form
  • HR and in house development
  • Job Responsibilities and Duties
  • Staff questionnaire, performance review and monitoring the same.

This method has helped our organization streamline the requirements to meet client expectations and show them we follow a well defined process in their interest.

What is your Asset Allocation.

Are Arbitrage funds really useful.

How Three year FMPs Still score over FDs: Economic Times

How Three year FMPs Still score over FDs. Please read this from Economic Times here

Thank you

Goal Calculations.

You can calculate your goal amounts very basically here: Pl note these are not considered the final calculations, since there are other parameters that form part of the calculation,like evaluating existing resources etc, which vary from person to person


Dilshad Billimoria
Certfied Financial Planner

New Pension Scheme: Livemint

Check List for Home loan Buyers: Dilshad Billimoria.

Checklist for home loan buyers.

These are some of the questions a client must ask the bank before signing on the dotted line.

Checklist for Home loan buyers:

  1. What is the rate of interest for various tenures, which will help you decide which tenure is best suitable depending on your cash flows and interest outflow.
  2. What is the interest option: floating or fixed. If interest rate regime is low, and expected to reduce further, floating option is best. If interest rate regime is high, and expected to increase, then fixed rate option is best.(Pl check terms and conditions on fixed rates. Sometimes, even though interest option choosen by borrower is fixed, when interest rate  changes are announced by RBI, like, bank rate and CRR rate changes, banks have said to increase the fixed rate also. Sometimes there is a ladder rate applied, which is a combination of fixed and floating for specific periods. Best to check with your financial planner on the option with flexibilities to change the option, depending on the economic environment in which you are investing.
  3. What is the processing charge and can it be reduced.(Should not exceed 0.50%) Flat fee better.
  4. What is the documentation? Too much probing hassles?
  5. What are pre payment rules? Some banks have a charge if more than 25% of the home loan is pre paid in one year. This should not happen.
  6. What is the frequency at which interest rate is reset? Daily, fortnightly, monthly, annual rest. Daily reducing balance is best, based on EMIs paid.
  7. Is their a sweep-in account, which acts as a current bank account and also sweeps any balance from this account towards interest repayment as and when a balance is available.
  8. When EMI can be increased from current EMI by the borrower, is higher pre payment possible: If yes, what reduces? Interest/ principal/ tenure. Principal must reduce and therefore interest, which automatically reduces tenure.
  9. Is loan portability possible with other banks easily. If so, what are foreclosure charges with current bank. Is portability within the same bank at new interest rates possible, if so, find out what the charges are? Sometimes, cost involved in foreclosing loan from one bank and transferring to another bank is higher, than the balance amount to be paid. Hence a calculation is to be done by your financial planner before the switch is made.
  10. If pre EMI is an option(where only simple interest payment is made proportionate to level of construction) in under construction projects, one can switch to EMI option(where principal and interest payment is made) and claim tax exemptions in later years.
  11. Pre EMI interest ca be written off at 1/5 every year after possession of property us taken.
  12. Can an add-on loan be taken at the same terms for interiors at a later date?
  13. Are registration costs included in loan sanction?

Dilshad Billimroia
Founder and Certified Financial Planner

Dilzer Consultants (An ISO 9001 (2008) certified company.

Power of Subconscious Mind in Investor’s Risk Tolerance & Risk Taking Capacity: Dilshad Billimoria

Power of Subconscious Mind in Investor’s Risk Tolerance & Risk Taking Capacity

Risk tolerance is the amount of risk that an investor is comfortable taking, or the degree of uncertainty that an investor is able to handle. Risk tolerance often varies with age, income and financial goals. It can be determined by many methods, including questionnaires designed to reveal the level at which an investor can invest, but still be able to sleep at night.
Risk capacity, unlike tolerance, is the amount of risk that the investor "must" take in order to reach financial goals. The rate of return necessary to reach these goals can be estimated by examining time frames and income requirements. Then, rate of return information can be used to help the investor decide upon the types of investments to engage in and, the level of risk to take on. 
There are many questionnaires and software’s available in the market today to measure risk tolerance; but the human mind feasts on irrationality and sometimes, the logic of a well laid out set of questions, graphs, and plans falls in the flush.
After a Financial Planner has spent hours on a client and his family, listening, understanding, educating, probing and twisting questions on their financial needs, goals, risk, attitude towards money, how they have grown up with the values of money and its scarcity or abundance, all this becomes obsolete on the face of changing events, situations.
If you recognize and accept the Power of the Subconscious mind, believe that it is the law of life and belief, of your internalized truths, and when there is a blend between the conscious and the sub conscious mind, then the outcome is harmony in being. The harmony of acceptance and truth that prevails.
Mind you, the power of the sub conscious can be good or bad, but what is important, is that decision is “entirely yours”. The other advantage of the subconscious mind, is that it never takes decisions on the spur of the moment unlike the conscious mind. The feelings and thoughts are internalized and beliefs grown into your system before it overtakes the conscious mind. Therefore, the control, again, is “You”.
Some of the factors which I have encountered that have changed the perception of client’s ability to take on risk are:
1. Wants dominate needs
Very often, man, being the greedy mammal that he is, is led into temptation made available from various materialistic offerings available around us. Today, there is no dearth of eating the best food, choosing the best vacations, buying top end cars, living in the luxury of multiple condominiums, (like one can live in more than one home at a time!). In all this, logic does not prevail. It is the power of our subconscious overcoming the conscious that ultimately leads to the action of suddenly pulling out one’s investments or digressing from the risk level or goal planned for the future.
2) External factors beyond our control affect decision making
Do we have control, if Narendra Modi, becomes our next Prime Minister? Do we have control over the falling rupee? Do we have control on the gold imports in India, Do we have control if Portugal and Spain are facing economic slowdowns? None, of the above factors, you will agree, is in our control. What is in our control, however, is how we react to such situations. To educate, empower and communicate to clients, about the happenings of the market, the acceptance, that these events are not in our control and that they are presumably temporary. What needs to be communicated, is, what can be done to keep the portfolio in place and ensure the final goals laid out are met.
3. Circumstantial / Situational Conditioning
With nature and life changing eventslike a divorce, or a marriage, or a mid-life crisis, or a pregnancy, or menopause or a widowed situation, (luckily I have faced all with clients, friends and/or family), people become suddenly more cautious and react completely different from what they have agreed earlier, and signed on the dotted line for!  The hormonal imbalances during such situations drive such irrational behavior, and many people turn defensive, angry, lack self worth, sometimes, even denying what they have mutually agreed upon earlier in terms of their risk appetite, goals or plan and this leads to a change in the whole plan carefully created for them.

4. Daily distractions
Sometimes, it is the daily distractions of say a fight with someone that matters, or a dislike for someone, or lack of feeling of self worth, procrastination or plain boredom, that creates imbalances in our actions and makes our take hasty decisions against what we ourselves have agreed and planned for before.
5. Uncanny truth about retiring
Have you heard some investors telling you, they want to retire tomorrow or yesterday? Well, such clients are probably the one’s not certain about their financial well being and are more likely to take irrational decisions on wealth and health, while deciding on when to retire. Such clients are also prepared to take on any amount of risk to meet the short and impractical deadline. For such clients, risk tolerance is subconsciously very low, but consciously high and this leads to a mismatch between the known and the unknown in decision making process.
While some others who have created their nest egg, or are close to it, the likes of Bill Gates and Warren Buffet, really do not want to retire, or retire only at 80! Some others who depend on other sources of retirement corpus creation, like social security, pension, feel, that saving would suffice for their retiring years, inflation and tax adjusted! They fall weak on the third leg, which is personal savings for creation of corpus.
Some feel, it is not important to save for retirement, until it is imminent, which is far from the truth. The situation gets graver, if the individual is older and still lies in the comfort of not awakening to the reality of their nest egg. This is when generally panic strikes and risk tolerance is thrown out the window in creation of a pool of savings.
6. Emotional ability to handle financial loss
Sometimes, the high risk takers, are also the herd mentality people and want to follow the latest trend in meeting their goals. What happens in such “too good to be true situations” They never last! Along with the mayhem on seeing his portfolio slide, his emotional decision of taking on high risk is demoralized and he resorts to panic selling, without having a clear thought process to his decision making.
7. Changing time horizon of life goals
Haven’t you come across clients, who agree, in principle, that they need to buy a car or a house in 5 years,  and you have designed their risk and portfolio accordingly, but suddenly, they fancy a latest car of the road or a  real estate opportunity, too good to sound true and bam they knock on your door and all the analysis and work on portfolio selections, asset allocation, is stamped with one redemption, irrespective of losses made, exit loads lost, capital gains tax paid or most important at the cost of his other non negotiable financial goals.
Is this all correct? NO… But the human mind loves irrationality!

Dilshad Billimoria CFP
Founder and Chief Financial Planner
Dilzer Consultants (An ISO 9001(2008) Certified Company.

Tax planning and tax saving options FY2012_13

Dilshad Billimoria
Since the full amount invested upto Rs 1,00,000 is eligible for 100% tax deduction benefit. This investment is reduced from your Gross Income and therefore, can reduce your tax slab and therefore tax liability. The benefit is a deduction and not a rebate, so, in effect, the entire amount saved is tax deductible.

Snapshot of Tax rates specific to Mutual FundsThese rates are subject to enactment of the Finance Bill 2011. The rates are for the Financial Year 2012-13.
1.Income Tax RatesFor Individuals, Hindu Undivided Families, Association of Persons and Body of Individuals

For general tax payers

 Income tax slab (in Rs.)Tax 
 0 to 2,00,000  No tax
 2,00,001 to 5,00,000  10%
 5,00,001 to 10,00,000    20%
 Above 10,00,000   30%

For female tax payers

 Income tax slab (in Rs.) Tax
 0 to 2,00,000  No tax
 2,00,001 to 5,00,000  10%
 5,00,001 to 10,00,000 20%
 Above 10,00,000  30%

For senior citizens (Aged 60 years but less than 80 years

 Income tax slab (in Rs.)    Tax
 0 to 2,50,000  No tax
 2,50,001 to 5,00,000 10%
 5,00,001 to 10,00,000 20%
 Above 10,00,000    30%

For very senior citizens (Aged 80 and above)

 Income tax slab (in Rs.)Tax 
 0 to 5,00,000    No tax
 5,00,001 to 10,00,000     20%
 Above 10,00,000      30%

Note : Surcharge is nil and 3% cess will be charged on above tax.(a) In the case of a resident woman below the age of sixty years, the basic exemption limit is Rs 2,50,000

b) In the case of a resident individual of the age of sixty years or above but less than eighty years, the basic exemption limit is Rs 2,50,000

(c) In the case of a resident individual of the age of eighty years or above, the basic  exemption limit is Rs 500,000

(d) Surcharge is not applicable, education cess of 3% on income-tax is levied

(e) Marginal relief may be available

Capital Gains

 Particulars Short-term capital gains tax rates (a) Long-term capital gains tax rates (a)
Sale transactions of equity shares / unit of an equity oriented fund which attract STT 15% Nil
Sale transaction other than mentioned above:
Individuals (resident and non-residents)Progressive slab rates 20% with indexation; 10% without indexation(for units/ zero coupon bonds)
 Firms including LLP (resident and non-resident) 30% 20% with indexation; 10% without indexation(for units/ zero coupon bonds)
Resident Companies 30% 20% with indexation; 10% without indexation(for units/ zero coupon bonds)
 Overseas financial organizations specified in section 115AB 40% (corporate) 30% (non-corporate) 10%
 FIIs 30% 10%
 Other Foreign companies 40% 20% / 10%
 Local authority 30% 10% without indexation(for units/ zero coupon bonds) / 20% (for others)
 Co-operative societyProgressive slab rates 10% without indexation(for units/ zero coupon bonds) / 20% (for others)

(a) These rates will further increase by applicable surcharge & education cess.

Eligible Investments for deduction under Sec 80C>Public Provident fund PPF upto Rs 100000 p.a -It is recommended investments are made in this avenue, before the 3rd of any month, to ensure, compounding is available for the full month, since calculations are made for interest on the balance lying in the account within the 3rd day of any month for the full month. This option provides for safe and guaranteed returns and a small allocation of savings for tax must be made in this, especially for retirement benefits.
>Equity Linked Savings Scheme (ELSS) in mutual funds. This option provides for market linked returns with a 3 yr lock in period. This is a liquid option and provides for high return with a corresponding higher risk proposition.

>Post Office investments- These investments have lost their attractiveness since the returns have reduced and the same is taxable. The lock in periods in these schemes also are high.

>Principal component of Home loan. The principal component of EMI in the home loan is eligible for deduction upto Rs 100,000 under Sec 80C.

>Tuition fees for child education. This is allowed as an exemption upto a maximum of 2 children.

>Five year fixed deposit in a scheduled commercial bank.

>Other eligible investments under Sec 80C.

>Senior Citizen Savings Scheme 2004- This option has recently been introduced as a savings option . The interest is taxable.

>Employee Provident Fund (EPF) This is the employee contribution made to the provident fund of 12% of Basic and DA. The rate of interest is 8.60% p.a. Only the employees contribution is eligible for tax deduction benefit. Although the employer contributes a similar amount to the EPF fund.

>Voluntary Provident fund: This option is available to salaried individuals who can invest upto the balance  88%(100-12% EPF) of their salary towards VPF. With the new DTC coming in, the amount on withdrawal maybe subject to TDS.

>Life Insurance and ULIP plans-This is an option for persons who would like to save in insurance.

>Pension plans- This is a must for planning for the long term. The younger you are, the lower would be your outflow for a retirement plan. Also, since retirement planning is the longest plan to be planned for which considers pre and post retirement interest rate and inflation rate, this goal must be planned for everyone. Therefore, any contribution made to these plans, is eligible for tax deduction under Sec 80C upto Rs 100000.

>Please note for Salaried Individuals, additional tax benefit can be sought through the following components of the Salary Structure:

1.HRA Deduction.
2.Conveyance Deduction.
3.Medical Benefit Deduction.
4.Leave Travel Allowance Deduction.
Therefore, the above deductions, can help reduce taxable income of an individual to a large extent.
In addition to the above, it is important to plan for your goals, and structure your savings accordingly. A Certified Financial Planners in Bangalore can help you on the same.

For more details visit: www.dilzer.net

Living abroad after retirement – A know-how

Retirement used to mean settling down, but for some it now means jetting off.

Retirement is increasingly a stage of life when people undertake great and bold migrations – People in their 60s are looking to retire but they’re often cash-poor and living in a country with a high standard of living and prices to match. For some, retiring overseas is an option, but it pays to do your homework.

South-East Asia and Europe are brimming with people from all over the world who have chosen to move in retirement.

Across South-East Asia in particular, the big attraction is an affordable lifestyle. The cost of living in Thailand, for example, is a fraction of that in the West. An enviable standard of living at a frugal price is the goal. It could well be the difference between a retirement spent watching your pennies go or one where you can relax.

“People who are running away from problems at home often and the same problems here, those who haven’t done their homework can become quickly disillusioned”. After a few years, the novelty wears off and they move on.

Planning carefully makes a world of difference.

Money matters !

– Get the right credit card

– Leave all your investments at home , where they earn interest

– Embrace renting and pre-owned movables at your destination

– Keep most of your cash in a home country bank which has offshore branches

– Take Cover – Health cover (local one is probably cheaper), travel insurance, etc

– Plan for Visa / residency requirements (cost effective)

– Plan / provision for tax expenses

Organizing your assets and taxes before you move

# Hire a financial adviser , It’s almost impossible to find someone who knows the laws of every country, so find someone who specializes in your chosen country.

# Keep your home bank accounts and open a new one when you move – Ask your bank if they charge a fee for making withdrawals from foreign automatic teller machines; if they do, you might want to upgrade your account or change banks before you move. Embrace online banking

#Tap your home for a source of income as rental – If you’ll be leaving behind a home you own, you may not want to sell it at first. But you could consider renting out all or part of it. Some retirees use Airbnb to flexibly get income from their home, while reserving its availability for when they come back to visit. 

# Plan for healthcare , So paying for health care expenses out of pocket or buying local insurance or a hospital membership plan may be reasonable, with many expats saying they pay under $100 a month.

# Insure everything else –  It’s a good idea to consult your local real estate agent about what insurance policy to get.

#Get a financial power of attorney – You may need an adult son or daughter, or other representative, to make financial moves in your place while you are overseas. It’s a good idea to leave them with a financial power of attorney document so that they can sign for you, for example, while selling property or other investments. 

# Tax –  While some retirees may not owe any income tax while living abroad, they must still file returns annually . This would be the case even if all of their assets were moved to a foreign country. The bottom line is that you may still be taxed on income regardless of where it is earned.

Retirement income is generally not taxed by other countries. As a citizen retiring abroad who receives Social Security / pension / gratuity / rent / interest ,etc , for instance, you may owe home country taxes on that income, but may not be liable for tax in the country where you’re spending your retirement years. You may also be required to report and pay taxes on any income earned in the country where you retired. Each country is different, so consult a local tax professional or one who specializes in expat tax services.

Where to ??

But how do you choose? The Retirement Index is still the most comprehensive and in-depth survey of its kind. Here are some bigger and ever-growing selection of outstanding destinations where you can live a healthier and happier life, spend a lot less money, and get a whole lot more.

Thailand – Southeast Asia offers some of the world’s most attractive retirement programs, astounding geographic and cultural diversity, and climates to suit all tastes, ranging from hot beach resorts to cool highland hill stations. You’ll find sophisticated cities, ultra-modern, affordable healthcare, and luxury accommodation for a fraction of the cost . Thailand generally has a tropical humid climate. No cold winters here. Perfect for people who like swimming and sunshine. Arthritis sufferers find great relief in this climate. There are many modern private hospitals in Thailand. 

The most enjoyable parts of Thai culture revolve around the idea of sanook (meaning “fun”). Whatever you find yourself doing, you are encouraged to make it fun and enjoy every minute.

Peru – While 95% of people who visit Peru do so to explore Machu Picchu, many have discovered an ideal retirement destination, with miles of beaches, delicious cuisine, and some of the lowest costs anywhere when it comes to enjoying a high-quality lifestyle. Spectacular Macho Pichu, Cusco, and the Sacred Valley of the Incas have always been major attractions for tourists, but more expats are now heading to this area for long-term stays and retirement. Nights are cool, but midday highs can reach the 70s F for much of the year.

The capital city of Lima is home to the largest number of expats. They enjoy some of the best restaurants in the world, a large variety of art galleries and museums, a vibrant theatre scene, and the easily accessible international airport. And for anyone breaking into Peru’s business world, Lima is the place to see and be seen.

Malaysia – Idyllic beaches, islands that seduce the senses, and some of the most pristine ancient rainforests in Southeast Asia—this is Malaysia. And these are just some reasons why many call it home. The other attractive thing is the outdoor lifestyle. If white-sand beaches are your dream, you have here more than 878 islands to choose from!  With all year-round good weather, the temperature in Malaysia averages 82 F, there are over 60 hiking trails for us to choose from. Apartment rentals here are good value and you can choose between sea and mountain views. In Batu Ferringhi, a nice beach suburb, you can rent a three-bedroom, apartment with sea views. The unofficial first language of the country is English, so you don’t have to learn another language here if you don’t want to. 

Retirement index card-

Sneha Ramamurthy

Dilzer Consultants Pvt Ltd





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The Average Time to Reach Profitability in a Start Up Company

It is impossible to define an average time to profitability for a start-up company because different start-ups will measure profitability in different ways. In conventional terms, it can take two to five years. The entrepreneur can take an income from a company even while it is making a loss on paper, while investors can profit if they are paid back a fixed interest rate on their investment regardless of how the company is doing.

What are the milestones in a start up?

Milestones are all about moving from one stage of risk to the next. As a person plans for a fundraising strategy, it should be ensured that there is ample time to fundraise so that one is in control of which milestone the start up hits when. The fundraising strategy chosen should use these milestones to the start up’s benefit and one must not get caught between these and stranded for cash. The art of picking milestones is trying to determine which ones are the key ones to focus on.

As a rule of thumb, these are the most important ones:

Human Resources – Hiring key people who makes the right impact on the organization.

Product – Delivering the product in the market – Product launches vs. version releases

Market – Market for the product you deliver, one should build something that people want.

Funding – Maybe some money being committed to a round that the investor in question can lead or participate in.

Other examples of milestones :

  • Proof that one can work together as a team, usually historical evidence
  • Proof that one can build something, i.e. working prototype
  • Proof that the initial team is able to attract talent. Every start up will eventually need a functioning management team consisting of CEO, CTO, COO and possibly some others depending on what one is building.
  • Proof that ecosystem agrees with the ideas – bringing respected industry advisors or partnerships on board .
  • Proof that one can manage finances – cash-flow positive operation
  • Proof that one can scale.

How to calculate start up costs ?

Many people underestimate start up costs and start in a haphazard, unplanned way. Estimating realistic start up costs is a key element of a financial plan.

What are startup costs?

Start up costs are expenses an owner incurs and assets one needs before the business can be launched.

  • Start up expenses: These are expenses that happen before one launches and start bringing in any revenue eg. expenses for legal work, brochures, location site selection and improvements, and other expenses. Start up expenses also include expenses such as rent and payroll that start before launch and continue from then on.
  • Start up assets: Typical start up assets are cash (in the form of the money in the bank when the company starts), starting inventory and current or long-term assets such as equipment, office furniture, vehicles, and so on.

Cash balance on starting date

Cash requirement is an estimate of how much money the start up needs to have in its account when it starts. In general, the cash balance on starting date is the money raised as investments or loans minus the cash spend on expenses and assets. Many entrepreneurs decide they want to raise more cash than they need so they’ll have money left over for contingencies.

For a better estimate of what is needed as starting cash balance, one should calculate the deficit spending he/she will probably incur during the early months of the business, after launch, from launch until a monthly break-even state is reached in which revenues are equal to spending.

Timing matters / Pre-launch versus normal operations

With the definition of starting costs, the launch date is the defining point. Rent and payroll expenses before launch are considered start up expenses. The same expenses after launch are considered operating or ongoing expenses. And many companies also incur some payroll expenses before launch because they need to hire people to train before launch, develop their website, stock shelves, and so forth.

The same defining point affects assets as well. For example, amounts in inventory purchased before launch and available at launch are included in starting assets. Inventory purchased after launch will affect cash flow, and the balance sheet; but isn’t considered part of the starting costs.

How to generate revenue for start ups? / Start up Revenue model

One of the most important things one can do to ensure the financial health of the start up is to create a revenue model.

Startup Revenue Model is a frame work to generate revenue for start up. While a business model majorly shows the work flow of start up, revenue model gives clear idea about which revenue source to pursue, what value to offer, how to price the value, and who pays for the value. Financial projections are generally based on the two types of approach –

Top-down Forecasting – In this forecasting the market size is first estimated and the targeted market volume is decided based on the anticipated penetration rate. This figure is then frame wired how to reach from zero to the total potential revenue.

Bottom-up Forecasting – In this forecasting, first the achievable market volume is identified and then based on the expected growth, total revenue is decided.

Both of the above mentioned financial forecasting approach needs to be balanced with revenue model to remain realistic as well as aggressive.

Top Seven key considerations for developing the revenue model

1. Choosing a revenue model approach that is best for the company and background.

2. The revenue model should communicate the uniqueness of the start up.

3. Identify potential investors strategically based on the revenue model.

4. Project out into the foreseeable future.

5. Understand that the revenue model is always evolving.

6. Identify the key variables for the company.

7. Mitigate for variables.

Debalina Roy Chowdhury

Dilzer Consultants






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What is the difference between Private Equity and Venture Capital

Private Equity and Venture Capital are types of financial assistance provided to the companies at various stages. Often, they are taken as one and the same thing. However, Private Equity involves larger investments in the matured companies. While , Venture Capital makes relatively small sized investments in the companies passing through initial stages of their development.

Private Equity fund refers to an unregistered investment vehicle via which investors combine their money for investment purposes. On the contrary, venture capital financing involves funding to those ventures which are started by new entrepreneurs and who need money to give shape to their ideas.

Guide to Private Equity for Start ups

The popularity of Private Equity investment has grown rapidly over the last few years. Private equity investment refers to an equity investment in a potentially successful company that is not traded publicly in the stock market. However recently, private equity firms are investing in a broad array of technology companies, early- to mid-stage profitable and unprofitable companies that a few years ago would have been unable to secure interest from these buyout firms.

Mentioned below are a few pointers about private equity for start ups.

Where from do private equity firms raise funds from?

Private equity firms raise funds from institutional investors, pension funds, endowments, and investment companies and high networth individuals. They help fund managers and high net worth individuals to diversify their portfolio and reduce risk.

Private equity investment stages

  • Seed stage investment: Capital is provided for a business idea to support product development and market research.
  • Early stage investment: In early stage, capital is provided for companies moving into operations and before any sales have started.
  • Formative stage investment: In formative stage investment, capital is provided for starting of operations.
  • Later stage investment: In later stage investment, capital is provided for further expansions prior to the company going public.

How private equity firms value companies?

The shares of a private company are not traded in public. Value of the shares of a private company is the outcome of a negotiation process between a private equity firm and the founders. To ascertain value, private equity firms use a number of valuation techniques. The selection of an appropriate valuation technique depends on the stage of investment. Here are some of the well known valuation techniques used by private equity firms for evaluating a start up.

Discounted Cash Flow Method

The value of the company is estimated by discounting expected future cash flows of the company at an appropriate cost of capital (discount rate). High risk will translate to a higher discount rate and a lower valuation for the company.

Relative Value Method

Earnings multiples of comparable publicly traded companies are used to determine the earnings of target company. Earnings multiples are calculated by averaging the earnings and value of similar companies, traded in stock markets. Few used multiples are Price/Earnings (P/E), Enterprise Value/EBITDA, Enterprise Value/Sales.

Replacement Cost Method

Replacement cost method estimates the value of a business by calculating the estimated cost to recreate the business as it stands as on the valuation date. Replacement cost method is usually used to calculate the value of companies operating in the seed or early stage.

Features adapted by private equity investment that help the private equity firm control the portfolio company

Corporate Board Seats: If a private equity firm or strategic investor invests in the company, it will introduce a person from the Private Equity firm on the Board of Directors of the company so that the private equity firm’s interests are protected in case of major corporate procedures like share sale, restructuring, IPO, bankruptcy, or liquidation.

Noncompeting Clause: Noncompeting clauses prevent the founders from restarting the same activity during a pre-defined period of time.

Reserved Strategic Decisions: Some strategic decisions such as change in business plan, acquisitions or divestitures are subject to approval by the private equity firm.

How private equity firms return the capital to investors?

Exit from the company is the most critical element to unlock value in private equity investment. Most private equity firms consider their exit options prior to investing. The following are some of the exit options for private equity investors:

Initial Public Offering (IPO): It provides higher valuation multiples, enhances liquidity and provides the business with more funding to fuel further growth.

Secondary Market: Secondary market sale is sale of the shares held by the private equity firm to a financial investor or to other financial investors or to strategic investors. Secondary market exits are the most common type of exit.

Management Buyout: Management buyout is purchase of the shares held by the private equity firm by the management group by raising debt or other type of funds.

Liquidation: This is the worst case option wherein the private equity firms liquidate their shareholding in the company at floor price if the company is no longer viable.

Strategic Investors

Strategic investors are meant to complement existing owners and partners. Strategic investors become involved in the management and operations of the company in addition to providing capital. Based on needs, strategic investors can get on board at any stage of the business. For example, one may want to bring in an investor who’s an expert in financial management and can guide with regard to financial decisions (in which the founder may be lacking skills).

How to find Private Equity and Strategic Investors? How to get access to private equity and strategic investors?

To find private equity investors, one has to hire an investment bank with specialties in exit opportunities. Strategic investors can be found within the industry or a neighbouring industry.

If the need is significant capital, then the founder of the start up needs to demonstrate high upside potential for the next two to three years with substantially less downside risk than a venture-stage investment.

Angel investors

An angel investor is an affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity.



 It is important to be aware of the possibility of potential loss of ownership before engaging with private equity or a strategic investor. By conducting research and considering options, one should be able to make an informed decision about whether private equity or strategic investors will be a good choice or not.

Debalina Roy Chowdhury

Dilzer Consultants




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Starting a Business

There are no limits on who can become a great entrepreneur. You don’t necessarily need a college degree, a bunch of money in the bank or even business experience to start something that could become the next major success. However, what you do need is a strong plan and the drive to see it through.

If you’re on Entrepreneur, odds are you already have the drive, but, you might not know how to start building your empire.

Check out this step-by-step guide to help turn your big idea into a successful business.

1. Evaluate yourself.

Why do you want to start a business? Use this question to guide what kind of business you want to start. If you want extra money, maybe you should start a side hustle. If you want more freedom, maybe it’s time to leave your 9-to-5 job and start something new.

Once you have the reason, start asking yourself even more questions to help you figure out the type of business you should start, and if you have what it takes.

What skills do you have?

Where does your passion lie?

Where is your area of expertise?

How much can you afford to spend, knowing that most businesses fail?

How much capital do you need?

What sort of lifestyle do you want to live?

Are you even ready to be an entrepreneur?

Be brutally honest with your answers.

2. Think of a business idea.

Do you already have a killer business idea? If so, congratulations, you can proceed to the next section. If not, there are a ton of ways to start brainstorming for a good idea. Here are a few pointers.

Ask yourself what’s next. What technology or advancement is coming soon, and how will that change the business landscape as we know it? Can you get ahead of the curve?

Fix something that bugs you. People would rather have less of a bad thing than more of a good thing. If your business can fix a problem for your customers, they’ll thank you for it.

Apply your skills to an entirely new field. Many businesses and industries do things one way because that’s the way they’ve always been done. In those cases, a fresh set of eyes from a new perspective can make all the difference.

Use the better, cheaper, faster approach. Do you have a business idea that isn’t completely new? If so, think about the current offerings and focus on how you can create something better, cheaper or faster.

Also, go out and meet people and ask them questions, seek advice from other entrepreneurs, research ideas online or use whatever method makes the most sense to you.

3. Do market research.

Is anyone else already doing what you want to start doing? If not, is there a good reason why?

Start researching your potential rivals or partners within the market by using this guide. It breaks down the objectives you need to complete with your research and the methods you can use to do just that. For example, you can conduct interviews by telephone or face to face. You can also offer surveys or questionnaires that ask questions like “What factors do you consider when purchasing this product or service?” and “What areas would you suggest for improvement?”

Just as importantly, it explains three of the most common mistakes people make when starting their market research, which are:

Using only secondary research.

Using only online resources.

Surveying only the people you know.

4. Get feedback.

Let people interact with your product or service and see what their take is on it. A fresh set of eyes can help point out a problem you might have missed. Plus, these people will become your first brand advocates, especially if you listen to their input and they like the product.

One of the easiest ways to utilize feedback is to focus on “The Lean Startup” approach but it involves three basic pillars: prototyping, experimenting and pivoting. By pushing out a product, getting feedback and then adapting before you push out the next product, you can constantly improve and make sure you stay relevant.

Just realize that some of that advice, solicited or not, will be good. Some of it won’t be. That’s why you should have a plan on how to receive feedback.

Here are six steps for handling feedback:

Stop! Your brain will probably be in an excited state when receiving feedback, and it might start racing to bad conclusions. Slow down and take the time to consider carefully what you’ve just heard.

Start by saying ‘thank you.’ People who give you negative feedback won’t expect you to thank them for it, but doing so will probably make them respect you and encourage them to continue be honest in the future.

Look for the grain of truth. If someone doesn’t like one idea, it doesn’t mean they hate everything you’ve just said. Remember that these people are trying to help, and they might just be pointing out a smaller problem or solution that you should look into further.

Seek out the patterns. If you keep hearing the same comments, then it’s time to start sitting up and taking notice.

Listen with curiosity. Be willing to enter a conversation where the customer is in control.

Ask questions. Figure out why someone liked or didn’t like something. How could you make it better? What would be a better solution?

Also, one way to help you get through negative feedback is to create a “wall of love,” where you can post all of the positive messages you’ve received. Not only will this wall of love inspire you, but you can use these messages later when you begin selling your product or service. Positive reviews online and word-of-mouth testimonials can help make a big difference.

5. Make it official.

Get all of the legal aspects out of the way early. That way, you don’t have to worry about someone taking your big idea, screwing you over in a partnership or suing you for something you never saw coming. A quick checklist of things to shore up might include:

Business structure (LLP, corporation or a partnership, to name a few.)

Business name

Register your business



Necessary bank account

Trademarks, copyrights or patents

While some things you can do on your own, it’s best to consult with a lawyer when starting out,

so you can make sure you’ve covered everything that you need.

6. Write your business plan.

A business plan is a written description of how your business will evolve from when it starts to the finish product.

As angel investor and tech-company founder Tim Berry wrote on Entrepreneur, “You can probably cover everything you need to convey in 20 to 30 pages of text plus another 10 pages of appendices for monthly projections, management resumes and other details. If you’ve got a plan that’s more than 40 pages long, you’re probably not summarizing very well.”

Here’s what we suggest should be in your business plan:

Title page. Start with name the name of your business, which is harder than it sounds. This article can help you avoid common mistakes when picking.

Executive summary. This is a high-level summary of what the plan includes, often touching on the company description, the problem the business is solving, the solution and why now.

Business description. What kind of business do you want to start? What does your industry look like? What will it look like in the future?

Market strategies. What is your target market, and how can you best sell to that market?

Competitive analysis. What are the strengths and weakness of your competitors? How will you beat them?

Design and development plan. What is your product or service and how will it develop? Then, create a budget for that product or service.

Operations and management plan. How does the business function on a daily basis?

Finance factors. Where is the money coming from? When? How? What sort of projections should you create and what should you take into consideration?

For each question, you can spend between one to three pages. Keep in mind, the business plan is a living, breathing document and as time goes on and your business matures, you will be updating it.

7 Develop your product or service.

After all the work you’ve put into starting your business, it’s going to feel awesome to actually see your idea come to life. But keep in mind, it takes a village to create a product. If you want to make an app and you’re not an engineer, you will need to reach out to a technical person. Or if you need to mass-produce an item, you will have to team up with a manufacturer.

When you are ready to do product development and outsource some of the tasks make sure you:

Retain control of your product and learn constantly. If you leave the development up to someone else or another firm without supervising, you might not get the thing you envisioned.

Implement checks and balances to reduce your risk. If you only hire one freelance engineer, there’s a chance that no one will be able to check their work. If you go the freelance route, use multiple engineers so you don’t have to just take someone at their word.

Hire specialists, not generalists. Get people who are awesome at the exact thing you want, not a jack-of-all-trades type.

Don’t put all your eggs in one basket. Make sure you don’t lose all of your progress if one freelancer leaves or if a contract falls through.

Manage product development to save money. Rates can vary for engineers depending on their specialties, so make sure you’re not paying an overqualified engineer when you could get the same end result for a much lower price.

8 Start building your team.

To scale your business, you are going to need to hand off responsibilities to other people. You need a team.

Whether you need a partner, employee or freelancer, these three tips can help you find a good fit:

State your goals clearly. Make sure everyone understands the vision and their role within that mission at the very start.

Follow hiring protocols. When starting the hiring process you need to take a lot of things into consideration, from screening people to asking the right questions and having the proper forms.

Establish a strong company culture.  What makes a great culture?  What are some of the building blocks? Keep in mind that you don’t need to have Google’s crazy office space to instill a positive atmosphere. That’s because a great culture is more about respecting and empowering employees through multiple channels, including training and mentorship, than it is about decor or ping-pong tables. In fact, office perks can turn out to be more like traps than real benefits.

9 Find a location.

This could mean an office or a store. Your priorities will differ depending on need, but here are 10 basic things to consider:

Style of operation. Make sure your location is consistent with your particular style and image.

Demographics. Start by considering who your customers are. How important is their proximity to your location? If you’re a retail store that relies on the local community, this is vital. For other business models, it might not be.

Foot traffic. If you need people to come into your store, make sure that store is easy to find. Remember: even the best retail areas have dead spots.

Accessibility and parking. Is your building accessible? Don’t give customers a reason to go somewhere else because they don’t know where to park.

Competition. Sometimes having competitors nearby is a good thing. Other times, it’s not. You’ve done the market research, so you know which is best for your business.

Proximity to other businesses and services. This is more than just about foot traffic. Look at how nearby businesses can enrich the quality of your business as a workplace, too.

Image and history of the site. What does this address state about your business? Have other businesses failed there? Does the location reflect the image you want to project?

Ordinances. Depending on your business, these could help or hinder you. For example, if you’re starting a day-care center, ordinances that state no one can build a liquor store nearby might add a level of safety for you. Just make sure you’re not the one trying to build the liquor store.

The building’s infrastructure. Especially if you’re looking at an older building or if you’re starting an online business, make sure the space can support your high-tech needs. If you’re getting serious about a building, you might want to hire an engineer to check out the state of the place to get an objective evaluation.

Rent, utilities and other costs. Rent is the biggest facilities expense, but check out the utilities, as well, and whether they’re included in the lease or not. You don’t want to start out with one price and find out it’s going to be more later.

10 Start getting some sales.

No matter your product or industry, your business’s future is going to depend on revenue and sales.

There are a ton of different sales strategies and techniques you can employ, but here are four tenets to live by:

Listen. “When you listen to your clients/customers, you find out what they want and need, and how to make that happen,”

Ask for a commitment, but don’t be pushy about it. You can’t be too shy to ask for a next step or to close a sale, but you also can’t make customers feel as though you’re forcing them into a sale.

Don’t be afraid of hearing “no.Most people are too polite. They let you make your pitch even if they have no interest in buying. And that’s a problem of its own. Time is your most important resource.”

Make it a priority.“Actually creating revenue, and running a profitable business, is a good strategy for business. Where are we that people think users or visits or time on site is the proxy to a successful business?”

But how do you actually make those sales? Start by identifying targets who want your product or service. Find early adopters of your business, grow your customer base or put out ads to find people who fit your business. Then, figure out the right sales funnel or strategy that can convert these leads into revenue.

11 Grow your business.

There are a million different ways to grow. You could acquire another business, start targeting a new market, and expand your offerings and more. But, no growth plan will matter if you don’t have the two key attributes that all growing companies have in common.

First, they have a plan to market themselves. They use social media effectively through organic, influencer or paid campaigns. They have an email list and know how to use it. They understand exactly who they need to target — either online or off — with their marketing campaigns.

Then, once they have a new customer, they understand how to retain them. You’ve probably heard many people state that the easiest customer to sell to is the one you already have. Your existing customers have already signed up for your email list, added their credit card information to your website and tested what you have to offer. In doing so, they’re starting a relationship with you and your brand. Help them feel as good about that relationship as possible.


Dilzer Consultants Pvt Ltd





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Market Volatility and Investing

During volatile times, many investors get spooked and begin to question their investment strategies. This is especially true for novice investors, who can often be tempted to pull out of the market altogether and wait on the sidelines until it seems safe to dive back in.

The thing to realize is that market volatility is inevitable. It’s the nature of the markets to move up and down over the short-term. Trying to time the market is extremely difficult.  Even long-term investors should know about volatile markets and the steps that can help them weather this volatility.

Volatile markets are usually characterized by wide price fluctuations and heavy trading. They often result from an imbalance of trade orders in one direction (for example, all buys and no sells or more sells and less buys).

One explanation is that investor reactions are caused by psychological forces. This theory flies in the face of efficient market hypothesis (EMH), which states that market prices are correct and adjust to reflect all information. This behavioural approach says that substantial price changes (volatility) result from a collective change of mind by the investing public.

It’s clear there is no consensus on what causes volatility, however, because volatility exists, investors must develop ways to deal with it!

Beat the myths !

Long-term investing still requires homework because markets are driven by corporate fundamentals. If you find a company with a strong balance sheet and consistent earnings, the short-term fluctuations won’t affect the long-term value of the company.

One common myth about a buy-and-hold strategy is that-  Holding a stock for 20 years is what will make you money.

In fact, periods of volatility could be a great time to buy if you believe a company is good for the long-term !

Large cap stocks are sure bets

While companies with a long track record and an established business make for attractive investments, they may not turn out to be fast appreciating stocks.

One of the reasons is that these stocks have already given a decent return in the past and have a  higher base.

Secondly, such stocks are widely covered by a number of analysts. As a result, the ability to generate excess returns is severely limited.

‽  If the stock has done well in the past, it must do well in the future too…

 Warren Buffet often  jokes that if the past was what the market was all about, then librarians and archaeologists would be the wealthiest people in the world. Volatile markets can be as testing and cruel on old stocks as well as newbies.

What Goes Up Must Come Down

 The stock market operates by itself driven by performance, demand, potential and stability or ‘financial soundness’ and no laws can be applied to it.

Bear markets do happen but bullish markets are equally common.

The stock prices are a reflection of investor sentiment and the potential of a company in an industry. You have to find a company with an excellent management team that has a stock price on an upward trend and it will continue to be on an upward trend. The selection is extremely important.

How to weather the storm!! 

Only when the tide goes out do you know who has been swimming naked, Warren Buffett once said. This is apt for so many investors who jump into bull markets, throwing caution to the wind.

  1. Invest in stocks that multiply in value, the chase should not be about participating in stocks that are currently ‘the flavour of the market’. 
  • To own multi-baggers, you have to hold your stocks for months, if not years. This requires a lot of patience and determination. More importantly, this requires painstaking research before investing. Only then can you be sure of the quality of your investments even when markets churn. 
  • Imagine this scenario: you have a portfolio of nearly 25-30 stocks that have, on average, returned 15% every year in the past. But you want more. So you ask your broker friend to look at your portfolio and tell you what is wrong.  One must realise that it’s not about earning higher returns than other people. It’s about outperforming the market.
  • Look at its price-to-earnings ratio to evaluate. This helps you understand how many rupees you are paying for every rupee of profit earned. The higher it is, the costlier the stock. 
  • Diversify … diversify … diversify –  An allocation to small-cap, midcap, and large-cap stocks also provides exposure to companies of various sizes.
  • Consider SIPs –  Investors who do stock SIP do not want to take any chance during volatility and take the benefit of averaging and are sure of the medium term or long-term potential for appreciation in the stocks. Through stock SIPs, investors can accumulate stock over a longer term and iron out stock price volatility.
  • Buy at the lower end of the range and sell at the upper end of the range. You could also short at the upper range and cover your profits at the lower range if you are adept at switching positions without getting emotional about them.
  • Timing the market is not easy and if you are not confident about taking advantage of volatility, you should avoid it. Take the opportunity to move out of equities and invest in debt ( or other alternatives ) until an upward trend is established. You can re-enter the market when there is more certainty. 

Timing the market or time – in – the market?

For the common man, both are equally intimidating. But which of these is the “right” way of investing? 

The most common is, tactical and technical timing. Buy/sell decisions are based on either price movements or, in a more evolved form, on various technical parameters. The price-earnings (PE) ratio is often preferred. The rule here is simple, buy when the PE ratio is low and sell when it is high. The rewards of doing this systematically can be substantial.

On the other hand, for those who believe in time-in-the-market – Median returns generated by investments across various time periods are a good indicator of the rewards of “time in the market”. Median returns are satisfactory once a threshold of five years has been crossed. As expected, the case for patient investing is a strong one.  Data show that the chances of loss lessen with more time spent in the market

The unequivocal answer to the question, therefore, is simple. A rewarding investment experience needs both, because the ability to spend the required “time in the market” needs good “market timing”.

Investing discipline will allow you to naturally ‘buy at lows and sell at highs’ and win over the emotions of greed and fear. 

Sneha Ramamurthy

Dilzer Consultants Pvt Ltd

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Teaching Money Skills to Children and Learning from them!

Sheroy does not have a specific plan for the Sheroy Corpus Fund. He has learnt the discipline not to waste or overspend from his family. “I want the security that come from having sufficient savings to continue,” he said. Just as he inculcated good habits from his family, he also learnt money lessons from their experiences. His grandparents did not buy a house early in their career and he now sees them dealing with the issues of renting a home. He sagely talks about maybe using the Sheroy Corpus Fund to buy a house early!

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Radio Ishq 104.8FM

What is the mindset of Millennial’s and their attitude to investments and savings.


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Can setting up a Trust suffice the necessity of Estate Planning

One of the most integral part of financial planning is Estate Planning.  It ensures that in the event of estate owner’s death, the survivors get access to his/her assets without any disputes and legal issues, in the proportion decided by the estate owner. Wills and Trusts are important vehicles for effective estate planning.

Will –

A will is a written document of the desired way of distribution of wealth among loved ones after one’s death. A few pointers about a will:

  • It can be made only by individuals and has no legal validity until one’s demise.
  • Will does not help manage individual’s assets when he/she is incapacitated, owing to old age, illness or injury.
  • Will can be modified or revoked during the life time of an individual any number of times.

Trust –

A trust is a three-party financial arrangement where one party (the author) gives a second party (the trustee) the ability to hold assets or property for a third party (the beneficiary). A few pointers about trust:

  • It has rights and obligations assigned to each of the parties.
  • Trusts can be created anytime and provides different structures.
  • It lives alongside an individual.
  • A trust can be formed for various purposes.

Difference between a Will and a Trust? 

Need for setting up trust in Estate Planning:


  1. a) Aids to avoid any disputes within or outside the family
  2. b) Helps to Avoid any transmission loss
  3. c) Provides protection to personal assets against avoid claims / litigation’s in the future
  4. d) Ensure smooth distribution of wealth as per the estate owner’s desires rather than any statutory disposition
  5. e) Helps to Safeguard interests of dependents
  6. f) Gives an opportunity to assign guardians for minors and incapacitated beneficiaries
  7. g) Aids Inheritance tax planning
  8. h) Aids Philanthropy.
  9. i) Helps to minimise the expenses of transferring property to the beneficiaries and enable them to get more benefit.
  10. j) Helps to plan for medical and physical incapacity and decides in advance who should take care of the estate owner and his/her minor children in such a situation.
  11. k) Helps protect estate from the heirs’ creditors or from beneficiaries who may not be adept at money management
  12. l) May allow assets to pass outside of probate and remain private, in addition to possibly reducing the amount lost to court fees and taxes in the process.


Who can form a Trust ? / Parties to a Trust

Any competent individual person over 18 years of age and mentally sound can create a trust for any legal purpose(s). A trust can be created by or on behalf of a minor with the permission of a principal civil court of original jurisdiction. Apart from an individual, a company, firm, society or association of persons is also capable of creating a trust.


What are the different types of trust?

Generally, there are two types of trusts in India, private trusts and public trusts. While private trusts are governed by the Indian Trusts Act, 1882, public trusts are divided into charitable and religious trusts.

A private trust is one in which beneficiaries may be definite and ascertained individuals and a public trust is one in which beneficiaries are unascertained individuals.

A Private Trust can be divided into two, i.e.:

(i) Revocable Trust: When the settlor establishes a trust and retains the right to amend, modify or revoke the trust at any time, however if the author is deceased before the expiry of tenure of the trust – the status of the trust automatically changes to irrevocable.
(ii) Irrevocable Trust: When the settlor establishes a trust and the settlor effectively gives up his control over the assets – the trust is irrevocable in nature.


Without a will who gets all the assets?

In absence of estate planning, if one dies intestate (in absence of will), assets are than distributed amongst the family members (legal heirs) as per succession laws of the religion that the person belongs to (the intestacy laws of the state where the person reside). Assets include any bank accounts, securities, real estate and other assets owned at the time of death. A few examples of succession laws applicable as per religion are Hindu Succession Act, Parsi Succession Act, Muslim Shariat Laws etc.

How living trusts avoid Probate?

When setting up a living trust, a person transfer assets from his/her name to the name of the trust, which is under his/her control — such as from “Mr Rajesh and Bina Sinha, husband and wife” to “Rajesh and Bina Sinha, trustees for Rajesh and Bina Sinha trust dated (month/day/year).”

Legally the estate owner no longer owns anything; everything now belongs to the trust. So, there is nothing for the courts to control when the owner dies or become incapacitated. The concept is simple, but this is what keeps the estate owner and the family out of the courts.

“Living Trusts,” are an effective estate-planning tool for avoiding the costs and hassles of probate, preserving privacy and preparing the estate for ease of transition after one dies.


Debalina Roy Chowdhury

Dilzer Consultants









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Householders Insurance Policy Analysis



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Research Desk- Education Cost funding for Graduation and Post Graduation- India and Overseas

From the Research Desk of Dilzer Consultants Pvt Ltd

All Course fees are approximate average fees per year unless specified.

The costs mentioned are taking into account the current costs in Metros like
– New Delhi, Mumbai,Chennai, Kolkota, Bangalore and Hyderabad.
In private institutions at Non-metros, the cost may decrease by 5-10%.

The costs were derived comparing various courses offered across Indian and Overseas.

Costs for Graduation- India.

Sl. No. Education Category Duration Govt / Public  Private Colleges  Exam fees and other Miscellaneous costs
        Min Max Min Max  
1 BBA/BBM Management 3 Rs. 50,000 Rs. 1,00,000 Rs. 75,000 Rs. 5,00,000 Rs. 10,000
2 Bachelor in Engineering Engineering 4 Rs. 1,00,000 Rs. 9,00,000 Rs. 1,00,000 Rs. 15,00,000 10,000-25,000
3 B. Science , B . Commerce ,B. Arts  [Full Time] Bachelor 3 Rs. 10,000 Rs. 8,00,000 Rs. 50,000 Rs. 10,00,000 10,000-25,000
4 Bachelors Hospitality and Travel Hospitality 3 Rs. 70,000 Rs. 4,00,000 Rs. 2,00,000 Rs. 7,00,000 10,000-30,000
6 Bachelor in Law Law 5 Rs. 20,000 Rs. 11,00,000 Rs. 50,000 Rs. 13,00,000 Rs. 20,000
8 Medicine – MBBS Health 6 Rs. 5,00,000 Rs. 90,00,000 Rs. 12,00,000 Rs. 1,50,00,000 50,000 – 1,00,000
9 BDS – Dental Sciences Health 4 Rs. 10,000 Rs. 1,00,000 Rs. 2,00,000 Rs. 40,00,000 50,000-1,50,000
10 Bachelors in Pharmacy Health 3 Rs. 40,000 Rs. 2,50,000 Rs. 1,50,000 Rs. 11,50,000 20,000-75,000
11 Bachelors in Physiotherapy Health 3 Rs. 40,000 Rs. 2,50,000 Rs. 1,50,000 Rs. 8,00,000 20,000-50,000
12 Graphics and Animation technology [Full Time] Design/Visual Arts 6 mts – 2 yrs Rs. 25,000 Rs. 1,00,000 Rs. 1,00,000 Rs. 3,00,000 50,000-75,000
13 Mass Communication , Media ,Journalism Communication 3 Rs. 20,000 Rs. 75,000 Rs. 40,000 Rs. 7,00,000 10,000-15,000
14 Marine Studies Engineering 4 Rs. 75,000 Rs. 12,00,000 Rs. 2,00,000 Rs. 15,00,000  
15 CA/ICWA Finance NA     Rs. 50,000 Rs. 4,00,000  
16 Fashion Design Arts 3 Rs. 35,000 Rs. 10,00,000 Rs. 5,00,000 Rs. 12,00,000  
17 Nursing Health 3 Rs. 25,000   Rs. 1,50,000 Rs. 7,50,000  
18 Teaching [full time] Science 1-2 yrs   Rs. 75,000 Rs. 20,000 Rs. 1,50,000  
19 Aviation (BBA) Science 3 NA NA Rs. 2,50,000 Rs. 8,00,000  
20 Humanities and Social Sciences (BA/ BSW) Science 3 Rs. 15,000 Rs. 60,000 Rs. 1,00,000 Rs. 4,00,000  

Costs for Post Graduation – India

Sl. No. Education Category Duration Government/Aided Private Colleges  Exam fees and other costs
1 MBA/PGDBA Management 2 50,000-22,00,000 1,00,000-25,00,000 20,000-1,00,000
3 Executive MBA Full time Management 1 5,00,000-27,00,000 60,000-36,00,000 20,000-1,00,000
4 Online MBA Management 1-2 yrs 20,000-3,00,000 15,000-5,00,000 20,000-1,00,000
5 M.E/M.Tech Engineering 2 25,000-6,00,000 35,000-9,00,000 10,000-30,000
6 M.Sc(CS/IT), MCA IT 2 30,000-4,00,000 2,00,000-3,00,000 15,000-30,000
7 M.D Health 3 NA NA NA

Costs for Under Graduation and Graduation Overseas

Sl No. Country Course Duration Avg Cost per year Living Cost Visa Fee
1 US Under Graduate(B Tech, etc)   Rs. 21,20,000 Rs. 8,00,000 11,000
1 US MS 2 Rs. 19,00,000 Rs. 8,00,000 11,000
1 US MBA 2 Rs. 22,00,000 Rs. 8,00,000 11,000
2 UK Under Graduate – BE / B Tech 3 15,35,000 Rs. 4,81,000 30,000
2 UK M.Sc 1.5-2 16,20,000 Rs. 4,81,000 30,000
2 UK MBA 2 17,50,000 Rs. 4,81,000 30,000
3 Australia Under Graduate 2.5-3 15,00,000 Rs. 6,00,000 30,000
3 Australia MS 1.5-2 18,50,000 Rs. 6,00,000 30,000
3 Australia MBA 1.5-2 17,50,000 Rs. 6,00,000 30,000
4 Singapore MBA 2-2.5 22,00,000 Rs. 2,90,000 2000
4 Singapore Under Graduate 2.5-3 13,00,000 Rs. 2,90,000 2000
4 Singapore MS 1.5-2 18,00,000 Rs. 2,90,000 2000
5 Canada MBA 1.5-2 14,50,000 Rs. 5,00,000 8500
5 Canada Under Graduate 2.5-3 12,50,000 Rs. 5,00,000 8500
5 Canada MS 1.5-2 6,50,000 Rs. 5,00,000 8500
6 Germany MBA 1.5-2 13,50,000 Rs. 3,50,000 6000
6 Germany Under Graduate 2.5-3 2,50,000 Rs. 3,50,000 6000
6 Germany MS 1.5-2 2,50,000 Rs. 3,50,000 6,000
7 France MBA 2 20,00,000 Rs. 3,50,000 13,000
7 France MS  2 12,00,000 Rs. 3,50,000 13,000
7 France Under Graduate 3 3,50,000 Rs. 3,50,000 13,000
8 Sweden MS 2 12,00,000 Rs. 2,50,000 8500
8 Sweden Under Graduate 3 10,00,000 Rs. 2,50,000 8500



Sneha Ramamurthy



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