Don't Pay At Tolls Anymore! 🚗😱
Hey-lo
How are you doing? (Belated) Ganesh Chaturti wishes to everyone who celebrate! Right now the only dukh I want Ganpati to defeat is whatever’s happening in the stock market. So let’s all manifest that!
What I was up to: This week was just another “same old, same old” week at work but over the weekend I went on what felt like a mini road trip around aamchi Bombay and the only good thing that came out of stopping to pay toll fees is this weekly news letter!
We also released another kick-ass episode of our podcast this week! Catch me in conversation with Sampark Sachdeva, the Founder and CEO of SamparkSeSampark, is a veteran of Corporate Training who has guided many large corporations in their Marketing and Sales strategy.
And of course, our Chief Cuddle Officer, Simbaa, was doing justice to his position to the fullest! Take a look:
We are now registered mutual fund distributors!! If you would like to check it out, you can fill out this form and our team will get in touch with you soon :)
Market ka haal: Domestic equity markets have been falling this past week, with key indices closing lower on Wednesday due to profit-taking in auto and energy stocks. The BSE Sensex ended at 81,523.16, down 398.13 points, while the NSE Nifty closed at 24,918.45, losing 122.65 points 📉.
Indian shares experienced some ups and downs as investors awaited the August US consumer inflation report, which could impact the Federal Reserve’s next interest rate decision. With inflation cooling and the job market slowing down, the Fed might cut rates soon. Here’s hoping for better days at D-Street! 🤞📈✨
Humara Gyaan: Currently, there are seven toll points around Mumbai and many more within each metro city in India. Income from tolls is expected to rise to ₹1,40,000 crore by the end of 2024, according to the Union Minister for Road Transport and Highways.
Now, I know how annoying it is to pay a toll fee every single time 😤, even though it's contributing to India’s growth. Well, I’ve got a way for you to earn that money back and diversify your portfolio! 🎉
Invest in Infrastructure Projects for Steady, Low-Risk Income! 💼
An Infrastructure Investment Trust (InvIT) works like a mutual fund but focuses on infrastructure projects. By investing in InvITs, you get a portion of the income from those projects (like toll roads!) as regular returns.
Since 2016, 24 InvITs and 5 REITs have been registered in India, managing assets worth over ₹5.5 lakh crore. In FY24 alone, fundraising through InvITs hit a whopping ₹17,116 crore, marking a 14-fold surge. 🚀
3 Reasons To Invest In InvITs:
Regulated by SEBI: They are governed by SEBI’s InvIT regulations since 2014.
Trade them like stocks: Public InvITs are listed on NSE/BSE and can be traded with no lock-in period.
Get Regular earnings: Income from InvITs is distributed just like stock dividends.
Do You Have To Pay Toll Fee?
Yep, even if you invest in an InvIT that includes toll roads, you’ll still need to pay tolls when driving 🚗. But the bright side? Your investment in the InvIT means you’ll get a share of the income from those tolls. 🤑 So, in a way, you’re making money off the tolls you pay!
Like what you’re reading? Please share this with your friends and have them sign up too!
When we were kids, we rarely thought of anything as permanently damaged or unfixable. But as we grew older, it seems like those thoughts have settled into all of us. As Dumbledore wisely said, “Happiness can be found even in the darkest of times, if one only remembers to turn on the light.”
So, let’s keep exploring new ways to earn and create opportunities rather than just grumbling about paying tolls and taxes. Here’s to finding the silver lining🍻
Sayali❤️
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