Latest news with #Ojas
Mint
07-07-2025
- Business
- Mint
For regular income in retirement, you can't beat debt mutual funds
Ojas is not someone who is ever perturbed. His friends regard him as cool and unflappable. There's a certain edge to him, a swagger that makes him stand out. Ojas is in sales and has been a top performer for most of his illustrious career, which is coming to a close. He has some investments but hasn't paid much attention to his personal finances. His elder brother Tejas has been managing his investments. Once he retires, he will need a regular income to meet his expenses. Tejas has told him about several options such as fixed deposits (FDs), bonds, non-convertible debentures (NCDs), the Post Office Monthly Income Scheme, the Senior Citizen Savings Scheme, through which he can earn a regular income in retirement. These all looked like good options to Ojas. While having lunch with his colleague Arpit, Ojas discussed plans for earning a regular income in retirement. Arpit told him withdrawing money regularly from mutual funds was one way of doing so, adding that it was a tax-efficient and flexible option. Ojas learned that this method was called systematic withdrawal. Arpit suggested he learn more about it from his financial advisor Narasimhan. Understanding systematic withdrawals Narasimhan explained the concept to him thus: Withdrawals from mutual fund investments can be set up to be monthly, quarterly, etc. They can be set up any time, stopped when no longer needed, and the amount withdrawn can be increased or decreased as required. This offers a lot of flexibility. While you can make systematic withdrawls from any type of mutual fund, it is best to do from a debt-oriented fund the goal is to set up a regular flow of income. More than anything else, the highlight of this vehicle is its tax-efficiency. A tax-efficient income stream: Mutual Funds are subject to capital gains tax on redemption. This treatment reduces the effective tax to be paid and improves the effective interest earned. FDs and bonds on the other hand are subject to income tax, which is much higher. Understanding capital gains tax: Narasimhan explained this with an example. Say you invest ₹10 lakh each in a debt mutual fund and an FD. For simplicity, and to compare like with like, we assume a uniform return of 8% a year. Let's say withdrawals are made quarterly. In the case of the FD, the 2% interest would be ₹20,000 and the tax (assumed to be 30%; ignoring cess and surcharge for the moment) would be ₹6,000, meaning the retained amount would be ₹14,000. The effective returns would thus be 5.6% a year. Narasimhan explained that this tax would not apply to Ojas if his income was below the taxable threshold. In case of mutual funds, too, the returns earned would be ₹20,000. To calculate the gains on the withdrawn units, let us assume that the mutual fund unit was bought at a net asset value (NAV) of Rs100. The number of units for a ₹10-lakh investment would be 10,000. After a quarter, ₹10 lakhs would become ₹10.2 lakh. The units being constant, the NAV would have gone up to ₹102 to reflect the ₹20,000 of earnings in the quarter. The number of units withdrawn would be 196.08 ( ₹20,000/102). Their original cost was ₹19,608 (196.08 x 100). The capital gain is thus ₹392 ( ₹20,000 – ₹19,608). The tax on this at 30% would be ₹118. the amount retained would be ₹20,000 – ₹118, or ₹19,882. This means the effective return would be 7.95% a year! Narasimhan also told Ojas that the interest on FDs, once set up, couldn't be paused, as with systematic withdrawals from mutual funds. This lack of flexibility could translate to unnecessary tax payouts. Some people set up systematic withdrawals from hybrid or even equity funds. Despite the volatility, this is fine if the withdrawals are small. However, Narasimhan said he usually recommends only debt funds for systematic withdrawals as they as far less volatile than equity funds. Narasimhan's insights left a strong impression on Ojas. He was especially struck by the favourable capital gains tax treatment and how significantly it could improve his returns. The strategy seemed like an effective tool to adopt for retirement planning, and he made a mental note to share this valuable tip with his is a hypothetical case. Suresh Sadagopan is managing director & principal officer at Ladder7 Wealth Planners and author of 'If God Was Your Financial Planner'.
Hans India
30-06-2025
- Business
- Hans India
Fifth 25T bollard pull tug Ojas inducted into navy
Visakhapatnam: The fifth 25T bollard pull (BP) tug Ojas was inducted into the Indian Navy during a ceremony held at Naval Dockyard in Visakhapatnam. It was inducted in the presence of Cmde Chetan Kumar Singh, GM (Tech), Naval Dockyard (Visakhapatnam), who attended the ceremony as chief guest. These tugs are proud flag bearers of Make in India and 'Aatmanirbhar Bharat' initiatives of the government of India. The tug inducted recently is a part of the contract for construction of six 25T BP tugs concluded with Titagarh Rail Systems Limited (TRSL), Kolkata in 2021. The shipyard has indigenously designed and built these tugs in accordance with relevant naval rules and regulations of the Indian Register of Shipping (IRS). These tugs are utilised by the Indian Navy to provide assistance to naval ships and submarines during berthing/ unberthing and manoeuvring in confined waters. These tugs will provide afloat fire fighting support to ships alongside or at anchorage and also have the capability to conduct limited search and rescue operations.
Time of India
29-06-2025
- Business
- Time of India
Navy's Ojas Tugboat joins fleet in Vizag
Visakhapatnam: The induction ceremony for the fifth 25T Bollard Pull (BP) Tug, Ojas, was held at Naval Dockyard in Visakhapatnam. The tugboat, Ojas, is part of a contract for six 25T BP Tugs signed with Titagarh Rail Systems Limited (TRSL), Kolkata, in November 2021. These tugs have been indigenously designed and built by the shipyard in accordance with Indian Register of Shipping (IRS) rules and regulations. The tugs will provide assistance to naval ships and submarines during berthing and unberthing operations, as well as maneuvering in confined waters. They will also offer afloat firefighting support and have the capability to conduct limited search and rescue operations. The induction of Ojas and its sister tugs is a testament to the Make in India and Aatmanirbhar Bharat initiatives of the Government of India, promoting indigenous shipbuilding and self-reliance.
Time of India
03-06-2025
- Entertainment
- Time of India
They Call Him OG OTT Release: Where to watch Pawan Kalyan and Emraan Hashmi's Telugu thriller after theatres
They Call Him OG OTT Release: Emraan Hashmi is all set to make his Telugu debut with this Pawan Kalyan starrer, scheduled for a grand release on 25th September 2025. Written and directed by Sujeeth, this gangster drama has locked its digital home. For all the OTT lovers, you can watch They Call Him OG on Netflix after wrapping its mandatory 4-week theatrical window. They Call Him OG's cast and crew Other than Pawan and Emraan, the thriller also stars Priyanka Mohan, Arjun Das, Prakash Raj, Subhalekha Sudhakar, Sriya Reddy, Harish Uthaman, Abhimanyu Singh, Ajay Ghosh and Saurav Lokesh among others. Produced by D. V. V. Danayya under DVV Entertainment, this Thaman S musical is cinematographed by Ravi K. Chandran and edited by Naveen Nooli. They Call Him OG's plot overview They Call Him OG reportedly follows the story of Ojas Gambheera, a once-feared and ruthless gangster in the Mumbai underworld, known by the moniker "OG". At the peak of his power, Ojas suddenly disappears from the criminal scene, vanishing without a trace and leaving his empire vulnerable to rivals. A decade later, he makes an unexpected return to a city that has moved on without him, its underworld now dominated by a new brutal force: Omi Bhau, a powerful and sadistic crime lord played by Emraan Hashmi. Ojas comes back not just to reclaim his lost position but to settle a deeply personal score with Omi, who may have been connected to his fall or betrayal. As Ojas re-enters the violent web of gang politics, old loyalties are tested, and new enemies emerge. The film explores how his return sends shockwaves through the criminal hierarchy, reigniting forgotten rivalries and triggering a bloody power struggle. Themes of revenge, identity, loyalty, and redemption are central, as OG is forced to confront both external enemies and the demons from his own past.
Indian Express
01-06-2025
- General
- Indian Express
Mothers with their kids, trans dhol tasha pathak mark Pune pride march
Deciding to take her 12-year-old son to the Pune Pride 202 on Sunday, city resident Ojas knew this would let him understand what the LGBTAQ community is all about. 'This is the best exposure possible for him. As an ally, this is my way to ensure the next generation gets the best possible education,' she said as she explained the basics of sexual orientation and gender to him. For Pune's LGBTAQ community, this was the first Pride organised after issues like companies withdrawing their diversity, equality and Inclusion (DEI) initiatives and scrapping funding have affected the community. This was also the first time that the Pride was organised by a collective of organisations. MIST LGBTQ Trust, Manthan Foundation, Jeevika, Pune Queer Sports Club, Qutcast Shikhandi – the transgender dhol tasha Pathak, NHRD and Muktaaa Charitable Foundation joined hands to organise the pride. Apart from members of the community, several allies — including mothers with their children — walked at the pride this year. A mother, who brought both her children said she decided to bring them to the march to sensitise them about the community. 'Across social media, we have seen a lot of hateful content against the community. The pride parade is the best exposure they can get to break their misconceptions. First hand information is always better,' she said. Suraj Raut, director of MIST Foundation, brought his young nephew to the march. Raut, said the nephew wanted to come for the Pride after he saw pictures of Thane Pride which was held on Saturday. 'He had a good time and even made a poster for me,' he said. Shikhandi — the dhol tasha Pathak — was the highlight of the march.
