Tuesday, February 28, 2023

Recent Credit Card spend data and what does it mean for you ? (word of caution?)

Monthly Credit Card spend is @1.28  lac crs via

60% ecommerce
38% Point of Sales

as per data released by RBI of January, 23.

Total Credit cards issued stand around  8.2 crs.

HDFC is by far the largest used Credit card, in volume of transactions and value terms.

What does this mean?

In October, 22 (note diwali spend), the value was highest in a year -1.29 cr. and  now 1.28 cr.

What could be the reason for such high figures?

Does inflation and rise im EMI due to interest rate increase put pressure on cashflows and has increased this Credit Card spend?

What is your observation for yourself and your dear ones?

Kirtan A Shah
Sahil Kapoor
Anshul Gupta
Ashish Singodia
Priyanka Acharya
Pravin Shetty
Divyashikha Gupta
Abhishek Kulkarni
Archy Gupta
Ruparanjan Mohapatra
Nayan Bheda
Jesse J
Ashish Jhanjee
CA Ashish M Chandak
CA. Anand Lunkar

I have also come across some, doing SIPs payments via credit cards.

#creditcards #cashflow #familybudget #expenses #financialplanning #financialfreedom #emergencyfund #financialplanner #personalfinance #mutualfund #sip

Is this a sign of on ground liquidity / cashflow mismatch for family's ?

#ecommerce #payments #data

Image Credit -

financial express 

Saturday, February 25, 2023

What do you do as a Fixed fee only Financial Planning expert?

You must be thinking what we do for our clients?

If you are thinking of starting to invest or already #investing through multiple financial agents and advisors, but have always been thinking about are my Investments 'right', do I need some changes?

Well that's what we do -

We help our clients
1- Start Right,
2- Set Right
3- Keep right

while you may continue working with the same agent or advisor.

We become one point contact for all client family's on anything related to financial life, including investments, taxes, insurances, loans, banking, and most important family needs.

We work with clients irrespective of their income scale, savings or investment size.

#investment #financialplanning #financialfreedom #financialplanner #financialliteracy #personafinance
#mutualfund #professional #cashflowmanagement #retirementplanning #investmentplanning #equity #taxes #banking