There are various ways in which you can trade in the stock market and one goal that most of the trader’s eye for is the method of trading where they can make some long term investments that prove to be profitable. Although every trader works through their sets of rules and it is possible that an idea or tip works for someone and falls stall for the others, there are a few general things that you can take a note of to keep your long term investments profitable. Check out some of such aspects in the sentences that follow.
For all those investors who want to place safe bets, the first thing to do is understand which share is reliable and which is not. If you are going to put in your money in something, it is quite obvious that you won’t invest a small amount. So since the amount of money is huge, it is important to understand that you put the money only in those companies that are known names and popular for performing in a great way even when the market is unstable of affected by certain conditions. Sure there will be cases when the shares would dip, but considering the brand value, the prices would only stay up.
Don’t always follow the hot tips
There are many stock advisors who’d tell you the shares you should invest in and the once that are great for the long term. There are chances that whatever they say might be true, but there are possibilities when nothing of that sort happens. So instead of trusting the hot tips blindly, do some research of your own? As an investor, you should know that any investment that you have kept untouched for over 3 years is considered long term. So pick out on a few shortlisted options and then sit down to research upon their previous performances of 3-5 years. Studying their graph would tell you what you need to do.
Avoid cheap stocks
Try to avoid buying shares that are cheaply priced as the amount of fluctuation in them would be low. Also, no matter if the quantities are high; the brokerage would also be high on your trades thus keeping the profits low. One should always understand that a company whose stock is cheaply priced would always be exposed to a lot higher amount of risk in comparison to the expensive stocks.
Stick to your strategies
If you have picked up a certain investment strategy, trust it and stick with it. It makes no point jumping from one idea or strategy to another just because you don’t trust the initial ones enough. One strategy can be judged only when you have allowed it to stick around for some time so that you can at least monitor its result.
Since patience is the key to long term investments, you’d earn great profits only if you allow your stocks to grow and nurture without being disturbed.
About the author
Vijayalakshmi is a Consultant at Alice Blue Securities Pvt Ltd, which is enabling young and new traders to enter the Indian stock market. Alice Blue offers a host of services to both young and seasoned traders to trade in the stock market, commodity market and the forex market.
There is a very famous quote-Risk and Rewards are two sides of the same coin and one area that this is very apt is Investing. Higher the risk, more are the chances of yielding better returns and hence when it comes to investments there is certain amount of risk and with that risk can come pain, but also some gain. However, when we talk about investments, returns, risks, rewards, etc. those terms are very relative since the personal financial portfolio of each investor might look very different.
The primary reasons why the portfolio looks different is because it is dependent on factors namely investor’s age, liabilities, assets, financial goals, existing portfolio, market trends, market volatility, etc. Last few weeks, news has been abuzz with #Demonetisation due to which large number of old Rs. 500 and Rs. 1000 notes have been deposited into the banks. As per estimates, banks have received deposits worth Rs. 4.5 Lakh crore [Source]. With ample amount of deposits, banks have started cutting fixed deposit rates. PPF, Fixed Deposits and Recurring Deposits are some of the safest options for investments and mostly suited by passive investors. In such unplanned scenarios [like Demonatisation], even the safest of the investment options do not work and hence, it is always advisable to ‘Not put all your eggs in the same basket‘
Though maintaining a balanced portfolio is always on high priority of every investor’s list, for some novice investors the financial terminologies itself seem very confusing! This is where Edelweiss Financial Services, one of India’s leading financial services group aims to bring simplicity & intuitiveness in the entire process of investment.
Edelweiss : Decipher investment terminologies
Edelweiss recently launched the new avatar of http://www.edelweiss.in that is designed to make investment appear simple and intuitive, even a first time investor can navigate through the platform with ease and build his portfolio. The platform has sections catering to different investor sets, be it the experienced investors or the new ones.
There is an increased focus on financial content in the insights section which will help investors meet deeper understanding of financial markets, macroeconomics and investments. There is content for a wide range of audience, whether you are looking for research report or looking for personal finance views or seeking macro updates.
As mentioned earlier building a balanced portfolio is a daunting task since it takes time to master the market and market volatility is one factor that can play a spoil-sport in creating one. What if you could get tailor made portfolios that is built by experts in that domain! Sounds, great ain’t it? This is what Edelweiss Guided Portfolios is all about-Mutual Funds that suits your requirements.
It is an algorithm based intelligent system which designs mutual fund portfolios for investors and guides them towards their financial goals through systematic investments. Some of the salient features of Edelweiss Guided Portfolios is below:
1. Guide investors to achieve financial goals using algorithm driven systematic investment approach
2. Proprietary algorithm for asset allocation depending on investor risk profile
3. Fund selection based on internal scoring mechanism
4. Periodic monitoring and re-balancing on investor portfolios
5. Paperless mutual fund account opening process
6. Intuitive platform design
Having a Paperless approach to Mutual Funds is a very bold step that has been taken by Edelweiss, it definitely increases efficiency of their staff and simplifies customer on-boarding process! Lot of effort has been put by Edelweiss to keep the platform simple to understand and convenient to use so that anyone with any level of financial expertise can transact on it. Using Edelweiss Guided Portfolios, an investor can build his portfolio sitting in front of his desktop or mobile, open his account in a paperless manner and start investing!
The next question that you would have in mind is how does it work, so let’s have a look into it.
Edelweiss Guided Portfolios : How it works
As discussed earlier, it is powered by internally developed proprietary asset allocation and mutual fund allocation algorithm. Based on financial goal and risk profile of the investor, the Artificial Intelligence [AI] driven system selects the best performing mutual funds for the investor as per the suggested asset allocation and internally assigned score of the selected mutual funds.
The system selects the best performing & best suitedmutual funds from a pool of around 2000 funds. The pool of funds is also periodically updated based on the market performance. In order to keep the investment process transparent and to allow investors to make informed decisions, the platform also highlights the key reasons behind adding the selected funds in the investor’s portfolio.
Entry Strategy – Risk Appetite is the key factor on which it’s algorithm draws an entry strategy.
Portfolio Rebalancing – The algorithm comprises dynamic rebalancing algorithms that keep track of changing market conditions and performance of the selected mutual funds. The primary objective of this strategy is to help the investors so that they keep the best performing funds in their portfolios in order to get maximum returns.
Edelweiss Guided Portfolios is the result of Suno (listen to customers), Samjho (understand customer requirements) and Suljhao (solve customers’ problem by providing efficient solution) philosophy adapted by Edelweiss and the result definitely shows in their strategy.
Edelweiss Guided Portfolios : How to invest & it’s USP
With India marching it’s way towards being a Digital Nation (with Financial Inclusion being at fore-front), Edelweiss ensured that the barrier-to-entry i.e. tedious paperwork is completely eradicated when a prospective investor signs up for this product. For the very first time, Edelweiss has launched an Aadhar based paperless process for mutual fund account opening for new clients. The account opening process uses Aadhar based e-KYC for non KRA [KYC Registration Agency] verified participant. This step ensures that investors can sign-up for it in a hassle-free manner.
There is a question that comes to mind-How is Edelweiss Guided Portfolios different from other Portfolio Management Services [PMS] and the answer lies in the flexibility that investors get with the product. In the case of Portfolio Management Services, investors don’t have a say in the selection of stocks or funds. With Guided Portfolio from Edelweiss, you are allowed to control and monitor your investment at all times.
We are sure that there would be many more lingering questions in the minds of the investors like Who manages the portfolio, Are there any add-on charges for it, etc. The FAQ on Edelweiss Guided Portfolios provides the key to all these questions.
Conclusion
Guided Portfolios from Edelweiss is an interesting financial product that would appeal to both newbie as well as seasoned investors. Since AI being the key pillar of the product, it brings a whole new dimension to investments!
If you have tried Edelweiss Guided Portfolios then please leave your feedback/experience on the product in the comments section…
Disclaimer – Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Few days back, a reader commented on an article where we reviewed the performance of a company that was listed on BSE and why it was a good buy in the current scenario. The comment read – Wish I had stumbled upon this article sooner. This stock is trading at double of 250. On further discussion with the reader, it was learnt that he was a newbie in trading and was used to less risky investment options. Every investor is different and their asset allocation strategy primarily depends on factors like age, net worth, financial goals, existing portfolio and most important of them all is Risk Appetite.
There is a very famous saying – ‘Don’t put all your eggs in the same basket’ which means that it is very important to have a balanced investment portfolio. It becomes to important to create a checklist of what has helped you make money and loose money. Though in today’s digital era, market information like Stock information, Mutual Fund performance, etc. is readily available, keeping a constant check on it becomes impossible. Hence, irrespective of whether you are a novice or seasoned investor, having an ideal asset allocation strategy by considering all the factors discussed above is critical to maximise returns (by taking calculated risks).
Asset allocation funds follow either fixed asset allocation or dynamic asset allocation strategy. Since investor needs as well as market changes are dynamic in nature, following fixed allocation strategy may not work! Dynamic allocation fund fits the needs of the investors (novice as well as seasoned) since the investor’s money is invested as a mix of Debt & Equity and is an ideal investment option for long-term wealth creation.
One such investment fund is from ICICI Prudential – ICICI Prudential Balanced Advantage Fund. ICICI Prudential Balanced Advantage Fund is an open-ended equity oriented fund that brings multiple benefits to your investments. It strives for growth by investing in equity markets, while providing relative safety through investments in debt instruments. As famous investor Warren Buffet says- When the amount to be invested is small,then it is better to run a concentrated portfolio and this fund can be a beginning for an investor to create a diversified portfolio.
As seen in the ICICI Prudential Balanced Advantage Fund factsheet, the fund caters to spectrum of investors who have low/mid/high risk appetite. The Riskometer makes it very easy for investors to invest their buck at the right place 🙂 One of the primary reasons to invest in them is their fund performance and their investment strategy (as seen in the snapshot below)
Though the returns can vary, the Absolute Returns (%) on investment (ending June 30, 2016) are much better than the returns offered by much safer investment vehicles like FD/RD/Post, etc. The fund is ideal for investors who are looking at short-term, mid-term or long-term wealth creation! It also comes with options like MoneyBack & Monthly Dividend Feature.
Features of ICICI Prudential Balanced Advantage Fund
So, irrespective of whether you are a novice/seasoned investor or have idea about MF/Stock Market, ICICI Prudential Balanced Advantage Fund can be an ideal investment option since it brings in mix of investment in Debt & Equity Markets. Since income doesn’t have holidays, ensure that your money is invested in the right place at the right time! We sign-off with this famous quote
Money is always made by the people who go against the cycle, never go with the cycle.
If you have invested in ICICI Prudential Balanced Advantage Fund, please leave your feedback on the fund in the comments section…
Disclaimer – Mutual Fund investments are subject to market risks, read all scheme related documents carefully
It is the season of filing taxes and at least during this period of time, Tax and Savings momentarily become buzz words. One of the main reasons why it is momentary is because just like ‘New Year Resolutions’ that sometimes get fulfilled, our investment plans rarely take shape as per the plan. Investment plans many times change based on investment priorities, assets & liabilities, risk-taking appetite (which is based on your current stage of life, your current savings, dependents etc.).
Investments could take either form – Investments in Stock Markets [market dependent, volatile & investor needs to be updated with the market scenario’s] or Investments in Mutual Funds, ULIP (Unit Linked Insurance Plan), Life Insurance etc. In the latter case, investment situation is very different since in case of Mutual Funds/ULIP’s, you as an investor need to keep a Check on Market Up’s/Down’s but in most cases, there would be a flexibility to switch between your fund options in order to maximize returns. Such investment options are best suited when you have a bird’s eye view of the capital market (not in-depth knowledge) and do not have risk-taking appetite !!
We had also mentioned about one very important investment – Life Insurance that can be termed as Life Assurance. It is an assurance that if some un-toward incident occurs in your life than your dependents do not have to take the brunt on it (from financial aspects). We insure our cars, house, bike and even mobile phones these days. In today’s fast paced world, life has become uncertain, so each one of us would definitely have a Life Insurance. With rising inflation, change in our life-style patterns, shift to nuclear families, Life Insurance is a must-have in your financial planning book !!!
Most of the Life Insurance policies in the market offer only ‘Life Cover’ i.e. the opportunity for wealth-creation is negligible. If you are an average Financial Maverick (i.e. you keep a check on market scenario on regular-basis) & require a Life Insurance that also creates Wealth than ULIP (Unit Linked Insurance Plan) provides you that option (Life Cover + Wealth Creation). There are many financial companies offering the same and Canara HSBC & OBC is set to launch a ‘Part Protection‘ and ‘Part investment plan‘. The plan provides protection features through different benefit options to suit your needs.
Canara, HSBC and OBC : Overview
Canara HSBC and OBCis a joint collaboration of Canara, HSBC, Oriental Bank of Commerce and it caters to the Life Insurance sector. It uses industry-accepted best security practices, controls and have a robust information security framework and underlying infrastructure that works round the clock towards protecting customer’s sensitive information.
Canara, HSBC and OBC : ULIP Plans
As mentioned earlier, ULIP is a good product that offers you the benefit of investment in capital markets along with insurance. One of the major advantages of ULIP is that you can expect higher returns based on your scheme. With GST Bill passed by Rajya Sabha and overall reactions being ‘Positive’, I invested in a ULIP plan from this company based on consultation with my financial advisor.
Canara HSBC Oriental Bank of Commerce Life Insurance has some interesting ULIP Plans which an investor can look into based on his/her current investment portfolio. Some of the plans are below:
Grow Smart Plan
Dream Smart Plan
Future Smart Plan
Smart Goals Plans
You can more information about these plans & many other plans in the ULIP section of CanaraHSBCOBC The company has come up with new ULIP Plans – iNVESTSHIELD Plan and Assured Nivesh Plan.
Canara, HSBC and OBC : iNVESTSHIELD Plan
In line with the philosophy of ULIP Plans, #InvestShield Plan is a Value for Money Investment combined with Protection for your Family. The most promising aspect of the plan is that it is Highly customizable and you have the flexibility to do Partial Withdrawals.
In order to apply for the #InvestShield Plan, you need to follow these steps:
Decide on your Premium and Choose your options
Complete the Proposal
Make Payment
Submit the Documents
The entire process looks hassle-free and less cumbersome !!! Based on your risk-taking appetite, you can opt for a plan that suits your current & planned future requirements.
Assured Nivesh Plan is a plan with fixed Policy Term of 15 and 20 years. Depending on the Policy Term, you need to pay premium for 7 or 10 years. At the end of every year, the company would declare bonus throughout the policy term and that would be added to the sum assured.
On survival of the Life Assured to the end of the policy term the below defined maturity benefit is payable to the Policyholder provided the policy is in-force: Guaranteed Sum Assured at Maturity + Accrued Annual Bonus (If Any) + Final Bonus (If Any) where Guaranteed Sum Assured at Maturity is equal to Sum Assured. Please refer to BENEFITS section of Assured Nivesh Plan to get details about Life-Cover Benefits and Death Benefits.
We are sure that there would be lingering doubts about the returns, benefits to family members in case of un-timely demise of the policy holder etc. The HOW IT WORKS section provides an answer to all your questions :
The Insurance Calculator section can definitely be a useful tool in case you have the initial doubt of “How much insurance you need ?” With an upswing in the market, increase in FDI, Passage of the GST Bill coupled with positive reactions from industry experts; this might be the right time to invest in a ULIP Plan 🙂
If you an investor in any policy from Canara HSBC OBC, please leave your review in the comments section…
Disclaimer : Information provided in the article is based on my research and I do not have any holding. Investment in stocks/ULIP/Mutual Funds involves risk, so consult your financial adviser or do your own analysis before making any investment.
We all know the importance of an insurance plan in this fast paced life. We insure our cars, house, bike, life and even mobile phones these days. Most of us have also insured our health by buying a health insurance plan but is it sufficient? In today’s fast paced life, life has become un-certain since we never know when a mishap can happen, this would not only affect you but your dependents as well !!
We are all aware that ‘Predictability‘ is the most ‘Un-Predictable‘ thing in life. All of us work hard to have a better life for us as well as our loved ones. When anyone thinks about such a scenario, the thought that comes at the back of our minds is “What would happen to my parents/kids etc. when I am not with them”. You would never want them to be financially challenged. This is a very critical question and since it is critical, you would always need to a “Rock-Solid answer” to it. Life Insurance is the answer to all these ‘worrisome’ questions. Life Insurance policy can help prepare for life’s uncertainties such as creating provisions for your family and loved ones following your demise.
However, choosing the right Life Insurance policy is many-a-times (if not always :)) very difficult since you are at the hands of the Insurance Agent who would show Rosy Pictures about the coverage, returns etc.
The most critical pointers to keep in mind while choosing a policy are:
Premium Payment
Payment Cycle [Monthly/Quarterly/Weekly]
Sum Insured and hidden Terms & Conditions [T&C]
Dependents covered in the Policy
The list of questions can be endless and the probable answer to all these dangling questions is a SOLID Insurance Plan. When my family members were discussing about Insurance Plans, there was a suggestion about eSmart Term Plan. We delved a bit into the plan and liked it (as compared to traditional policies), today we have a look at some of the benefits about the plan.
What is eSmart Term Plan
eSmart Term Plan is a pure life insurance plan, that can be bought online. You have the freedom to choose the amount your family will require in an unfortunate event and this amount will be paid to them as the Sum Assured. The protection plan is available to everyone and is not limited to the banking customers of Canara, HSBC and OBC. To put in simple words, it is a traditional insurance plan without any Bonus facility.
Benefits of eSmart Plan
There are many insurance companies (which we also see in TVC) that explain the pain-point of choosing the right insurance plan, the pain claimants have to go through when their dear one’s are no more etc. eSmart Term Plan solves those pain points, let’s have a look at them:
You get an insurance policy at a low cost
Easy Buying via Online channel. One of the major advantages of the policy is that it can be purchased online through Online Life Insurance thus many of the hassles are removed 🙂
There is an option to cover accidental death
Tax benefits on Premium Payments
Dedicated Claims Manager who would be the one-point contact for settlement of claims. This is very important since everytime you call up the call-center agent, you might talk to a new agent and appointment of Dedicated Claims manager makes the claim process less frustrating & friction-less.
OnlineLifeInsurance : Less Hassles, Faster execution
As mentioned in the previous point, the plan can be purchased online through OnlineLifeInsurance, a microsite dedicated to eSmart Term Plan. Buying Insurance plan is a simple four step process and you can get an insurance cover in less than 10 minutes. You can get a cover of Rs 50 Lakhs for as low as Rs 3878 [Please refer https://www.onlinelifeinsurance.co.in/#calculator for detailed information].
There would be many questions popping up in our minds when buying insurance – How much insurance cover do I really need ? This depends on your age, earnings, health conditions, number of dependents etc. The Insurance Calculator helps you out to zero-in your insurance cover. It is a nice tool to simplify your insurance requirements !!
Unlike the other insurance companies, where processes and calls are endless; in eSmart Plan things get done in minimal clicks 🙂 No paper-work means less pain !!!
It would have been even better if there was an Android App of OnlineLifeInsurance so that they could also utilize the mobile medium (which has become much more important than desktop).
eSmart Plan : Voice of Customers
The success of any brand depends on the service that it has provided to it’s customers. Customers who have opted for eSmart Plan have found it to be beneficial which can be easily seen from the Testimonials Page
In fact, CHOICE (Canara Bank, HSBC & Oriental Bank of Commerce) won Best Brands 2016 at ET_Edge You can refer to this page for more information on CHOICE.
Strong Brand, Encouraging Customer sentiments definitely gives an upper hand when compared to it’s competitors…
eSmart Plan : Closing Thoughts
As mentioned in this article, it is very important that we follow the PSI [Protect, Save and Invest] approach so that our hard-earned money is invested in the right place. If you are planning to safeguard the future of your family members, log on to OnlineLifeInsurance and get yourself insured ….
YES BANK has announced the financial results for Quarter ending 30th June, below are some of the highlights and insights into revenue from various sectors.
Key Profit & Loss (P&L) Statement Highlights
Net Profit of INR 731.8 Crores in Q1 FY17; y-o-y growth of 32.8%
Total Net Income of INR 2,217.1 Crores in Q1 FY17 y-o-y growth of 38.1%
Net Interest Income of INR 1,316.6 Crores for Q1FY17; y-o-y growth of 24.2% on back of growth in Advances & CASA. NIM expanded to 3.4% in Q1FY17 from 3.3% a year ago
RoA stands at 1.7%, RoE at 20.7% for Q1FY17
Book Value at INR 345.2 per share as on June 30, 2016
Key Balance Sheet Highlights
Y-o-Y growth in CASA of 63.0%; CASA Ratio improves to 29.6% from 23.4% a year ago, 6.2% improvement in one year. SA deposits posted robust growth of 81.6% y-o-y
CASA+Retail FDs as % of Total Deposits stands at a healthy 55.3% as at June 30, 2016
Advances grew by 33.0% y-o-y to INR 1,05,942.0 Crores as at June 30, 2016
Total Capital Adequacy as per Basel III is robust at 15.5% with Tier I ratio at 10.3% (including profits and excluding prorated dividend)
Total Capital Funds at INR 22,394.3 Crores as of June 30, 2016
Key Asset Quality Highlights
Credit Costs at 15 bps for Q1 FY17
Gross Non Performing Advances (GNPA) at 0.79% and Net Non Performing Advances stable at (NNPA) at 0.29% as at June 30, 2016
Provision Coverage Ratio (PCR) stands at 64.2% as at June 30, 2016
Standard Restructured Advances as a proportion of Gross Advances at 0.49% (INR 522.9 Crores) as at June 30, 2016, down from 0.71% (INR 567.1 Crores) as at June 30, 2015. No additional restructuring done during the quarter.
Security Receipts (SRs) stand at 0.19% (INR 199.4 Crores) of Gross Advances as at June 30, 2016. There has been no sale to ARCs during the quarter.
Standard SDR Advances at 0.03% (INR 34.3 Crores) of Gross Advances as at June 30, 2016 from single SDR account undertaken during the quarter.
Nil 5:25 refinancing during Q1 FY17
Financial Highlights from Q1FY17 Results
Click to Zoom
Commenting on the results and financial performance, Mr. Rana Kapoor, Managing Director & CEO, YES BANK said
YES BANK has delivered another highly satisfactory quarter of financial performance reflected in strong & quality growth, sustained profitability and continued resilience in asset quality. The Bank continues to witness a robust CASA growth with the CASA ratio improving to a healthy 29.6% from 23.4% a year ago demonstrating significant momentum in the underlying Retail franchise platforms, as well as ongoing mandate in several corporate relationship groups. Further, YES BANK has received an in-principle approval from the Securities & Exchange Board of India (SEBI) to setup an Asset Management Company (AMC) which will further deepen our value proposition for our retail customers. Given the improving macroeconomic environment along with stable Asset quality and accelerating Retail franchise, the Bank is well poised to capture Market share across Retail and Corporate segments at an enhanced pace.
ClearTax, India’s largest income tax returns e-filing platform, has partnered with IDBI Bank to offer free online income tax filing services to its existing and new customers. IDBI Bank customers can now avail the benefits of e-filing through ClearTax’s easy-to-use and secure platform to file their tax returns.
As part of this strategic partnership, ClearTax will also offer special discounts on its Chartered Accountant assisted e-filing plans. This service has been extended to all IDBI customers, including defense personnel, government employees, salaried account holders, HNIs and NRIs.
Tax filing historically is an intimidating process for many people. Taxpayers often face issues dealing with changes to tax forms or get stuck when they have a question. With ClearTax, IDBI Bank customers get a much simpler experience for e-Filing. Benefits include Live chat and support agents who handle queries customers may have. With Form-16 upload feature, salaried customers can just upload Form-16s and their tax forms get filled out with relevant information automatically on ClearTax.
Speaking about the strategic partnership, Archit Gupta, CEO of ClearTax, said
ClearTax was born out of the need to simplify the process of e-filing. We do this by focusing on the user experience and technology. We have proven track record of lakhs of satisfied customers who have used our platform to file their returns within minutes. Partnering with IDBI, will help more taxpayers and provide them with an easy way to file their ITR.
ClearTax makes tax return filing extremely easy by automatically preparing tax returns from Form-16. Users upload their Form-16 and the information is read automatically & filled in to the tax form.
Additionally, customers can also file their returns on-the-go by downloading the Android App from Google Play Store
About ClearTax
Founded in the year 2011, ClearTax is the largest third-party tax website in India and is run by a close-knit group of 35 people coming from reputed institutions like IIT, BITS Pilani, The Kellogg School of Management, Harvard Business School and many others. It was established by Raja Ram Gupta, a professional Chartered Accountant, and his son Archit Gupta who is an entrepreneur with a Bachelors of Technology degree in Computer Science from IIT Guwahati and a Masters in Computer Science from University of Wisconsin-Madison, along with Srivatsan Chari and Ankit Solanki. In FY 2014-15 ClearTax emerged as the platform that 1% of India, with its population of more than 1.25 billion, uses to file its IT returns. For more information, please refer ClearTax
