The Truth to Know about IRS Tax Settlement Firms

Whether you are a businessman or an individual, if you have any outstanding tax due then you are liable to face severe penalties from the IRS (Internal Revenue Services), which may also lead to the eventual seizure of your personal property or business assets in a few cases.

You must try to learn more about how to handle it if you ever fall into such a situation. Tax Relief Professionals can help you by providing the services of their experienced lawyers and offer relief to you from such distressing situations.

These companies are also called tax settlement firms, and they claim that they can reduce or eliminate whatever their client owes the IRS. However, will these firms really deliver what they claim or do you need to be careful while seeking their services?

That will however will depend upon several things. Unfortunately, there are plenty of scams that have been detected in this industry, and instances of poor business practices have come to notice.

There are a few disreputable companies who often lure their customers by offering them unrealistic and false promises and charging very heavy fees.

That does not mean the whole business of tax settlements is corrupted. There are certainly many legitimate tax settlement firms available that are genuine and can help people who are in distress.

Therefore, you must know how to identify such genuine tax relief companies. You can surely benefit from their service and also they will never charge you any unreasonable amount of money.

Generally, the process of tax settlement starts with a free consultation. First, the case manager will review your case of tax debt and many other financial details and then offer you an estimate for their services.

If you agree to their price then he will perform a more detailed investigation into your taxes, then develop a proper plan of action, and try to negotiate with the IRS.

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Almost everyone wishes to become a crorepati in their lifetime. There are several ways to achieve this sum of money and one such ways includes investing in mutual funds. If you wish to become a crorepati by investing in mutual fund investments, you can follow a simple investment rule of 15-15-15 which can help you achieve this substantial sum of money over a long period of time. The 15-15-15 rule in mutual funds helps investors to understand the sum of money they need to save each month, and the growth rate at which their mutual fund investments should offer average returns, and the time period for which one should stay invested to achieve a significant corpus of Rs 1 crore.

If history is any proof, even though stock markets are volatile in nature, they tend to drift upwards in the long run. So, achieving a return of around 15% per annum may not be quite possible in the equity markets, however, in the long run, average returns of 15% per annum could be quite achievable.

The 15-15-15 rule of investing in mutual fund investments

The term 15 is used three times in this investment rule to denote duration, monthly amount of savings that one should invest in mutual funds, and the growth rate of the mutual fund scheme. Assuming an investor is able to save Rs 15,000 per month which is invested in mutual funds that offer average returns at 15% per annum for a period of 15 years, one can easily achieve at a corpus of Rs 1 crore.

Approximate future value of the mutual fund investments – Rs 1 crore

Total sum of amount invested – Rs (15,000 * 12 * 15) = Rs 27 lacs (in a span of 15 years)

Total amount gained – Rs 1 crore – Rs 27 lacs = Rs 73 lacs

An investor can use a mutual fund return calculator to verify their calculations. This investment rule of 15-15-15 is a simple way of giving an investor a head start to aid them to save for a long duration of time. If for some reason, the mutual fund investment scheme that you choose to invest in offers an annualized return at 12% per annum and if you are comfortable with that, you might want to use the step-up SIP (systematic investment plan) to generate this significant corpus of Rs 1 crore. Experts recommend investors to account for inflation in their calculations as inflation has the power to eat a substantial part of one’s earnings.

How does the 15-15-15 rule work?

The 15-15-15 investment rule of mutual funds works on two key principles – the power of compounding and the SIP mode of investing which together combined works in the favour of an investor. What’s more, by following this simple 15-15-15 rule, the habit of regular saving and investing is inculcated in an investor. Happy investing!

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Why to start investing in Pharma funds in 2021?

Ever since the Coronavirus pandemic hit India in March 2020, the stock market went into a tizzy. Stocks of major companies were experiencing a downfall, and during such uncertain times, the pharmaceutical sector saw some favourable growth. And as prevailing sentiments have the tendency to influence the stock market, experts opined that quite a few pharma mutual funds showed tremendous growth in the mutual fund schemes.

In fact, with the COVID-19 vaccination drive in full swing and newer vaccines being in the pipeline for children and against new variants, the pharma sector could have a good growth potential over the next several years, positively impacting the performance of sector-specific funds.

What are pharma mutual funds?

Pharma mutual funds are equity-oriented, sectoral mutual funds. They invest at least 80% of their portfolio in equity stocks and securities of pharmaceutical companies, as mandated by the Securities and Exchange Board of India (SEBI). Therefore, a pharma fund is a sector-specific fund focused on the pharma sector.

Portfolio composition of pharma mutual funds

Pharma mutual funds have actively managed portfolios wherein the fund manager chooses stocks of companies across all market capitalisations. This means that the fund manager invests in stocks of large-cap, mid-cap, and small-cap companies to create a diversified portfolio.

Why invest in pharma mutual funds in 2021?

  • Scope of growth

As per the recent Indian Economic Survey 2021 by the Ministry of Commerce and Industry, the domestic pharma market is expected to grow three times in the coming decade of 2030. The domestic market is estimated at around US $42 billion in 2021 and is expected to grow up to US $65 billion by 2024. With the sector poised for growth, it is a good opportunity for you to invest in the sector.

  • Attractive returns

As the pharma sector grows, you could earn attractive returns on your portfolio if you invest with a long-term horizon. However, you need to note that since these funds invest majorly in equity, an attractive rate of return comes with a higher degree of risk.

  • Portfolio diversification

Adding pharma funds to your portfolio helps you diversify across sectors. Moreover, with the pharma fund offering diversification across market caps, your portfolio can boast of quality stocks that have the potential to grow.

Are pharma mutual funds for you?

Though the pharma sector is a growing sector with the potential to deliver attractive returns in the coming years, these funds are volatile in nature. Therefore, these sectoral funds could be ideal for investors who are not averse to taking risks.

In fact, for any mutual fund investment, risks and returns have a direct correlation. If you are looking for investment options that suit your tolerance for risk, you could always explore your options through a financial expert.

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Algorithmic Trading: How to Choose Technical Solution

Most often, traders on line have trouble finding optimum solutions for algorithmic trading. Before using this method, learn its main principles and decide whether it satisfies you.

What is algorithmic trading?

An algorithm is a certain set of actions built into a computer program for solving certain problems. It is more or like as complicated as a computer game or electronic table but it contains a range of various functions and follows a set of instructions by a built-in strategy.

Algorithmic trading money is a method of work in financial markets that implies special software containing a set of instructions for trading without human participation. Such software enhances traders’ opportunities and the efficacy of their trading. The main advantage of such trading methods is that it can be carried out at a speed and intensity that can never be reached by the human brain. This is the reason why algorithmic trading has become so popular.

How to choose an optimum solution for algorithmic trading?

To become successful, a trader must realize and control all the trading algorithms they use. No matter how weird this sounds, market trading in currency is basically mind games. Algorithmic trading in Forex or stock markets significantly increases the risks of losing the whole of your investments, that is why you need to be so scrupulous about choosing software for algorithmic trading.

#1 Choose software according to your trading psychology

This is the most important part before studying algorithmic software. Like other trading methods, algorithmic trading with money requires discipline, patience, and emotional restraint. Make sure that algorithmic trading does not contradict your normal trading strategy. This becomes especially acute when a trader gets into a deep drawdown. Many strategies with good backtest results can easily ruin your deposit by a couple of failed trades. Hence, before taking up a new strategy, make sure you understand it well.

# 2 Create your own trading strategy

Having got ready to trade curency, find out the type of traders you belong to, as well as how much time you are ready to spend on trading. Finding this out, you will be able to choose a trading strategy and optimum frequency of trades. For example, if you work 8 hours a day, there is no chance you will master intraday strategies. Adjust your trading strategy to the time you are ready to spend on trading. At first, software for algorithmic trading will take a lot of time for setting it up and optimizing it, but this will pay back when the process smooths out and you will not need to constantly control your robot.

#3 Money available for trading

The minimal sum for starting algorithmic trading might vary depending on your trading strategy and software parameters. For “high-frequency” trading strategies, you will need quite a deal of money to support your deposit in drawdowns. If you have decided to start off with a small sum, opt for “low-frequency” strategies. In this case, you will be trading a couple of assets and just several market positions but you will not spend a fortune on paying commission fees.

#4 Use advanced software

To create an indeed efficient algorithmic software, you need to have good programming skills. You might need to know C++, Java, or Python. Your knowledge will let you create high-quality trading algorithms with full control over the technical solutions you use. For those having no knowledge of such languages, there are solutions like Strategy Builder in R Trader. The platform itself is free and has a built-in Algorithmic strategy designer where you can easily add, edit, and backtest any strategy.


If you think that algorithmic trading software is a “money-making machine” you are quite wrong. No algorithmic software will let you make a quick fortune. Success requires substantial effort, iron discipline, and tons of patience because a profitable trading strategy might need months if not years to debug and set up.

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How to Download & Use the Bajaj Finserv App

Having to manage your finances can be an overwhelming task for many people. But what if we tell you that there is a mobile application that allows you to buy, renew, track, and manage all your financial requirements. You heard it right!

The Finserv MARKETS App is your one-stop destination to fulfil your financial needs. Whether you want a loan, buy insurance plans, or make investments, it brings the financial services marketplace to your fingertips.

Here’s how you can get your hands on the Bajaj Finserv App in a matter of few click-

Steps to Download the Finserv MARKETS App

To download the Finserv MARKETS App on your phone, follow the steps below –

  1. Download the Finserv MARKETS App on your Android phone from Google Play Store or on your Apple phone from App Store.
  2. Once the app is downloaded, login with your Finserv account or registered mobile number.
  3. If you login with a registered mobile number, enter the One-Time-Password (OTP) sent to the number to proceed.
  4. Once you are logged in, you can view your financial details related to loans, EMI payments, insurance, and other offers.

Benefits and Features of Finserv MARKETS App

The following are the Finserv MARKETS App benefits and features that you should know –

  • MARKET Pay UPI – With this app, you can send/request money from peers. Pay your vendors, electricity bills, and avail valuable discounts and deals.
  • Digital Payments – Expand your payment horizon with our credit card and digitised EMI card available on Finserv MARKETS App.
  • Manage your finances – The app allows you to keep track of your spendings and savings. It also offers tips and products to invest smartly and gain reasonable returns.
  • Shopping made exciting – Shop cashless with No Cost EMI Card on our eStore.
  • Avail loans – Get instant salaries personal loan, doctors loan, CA loan, business loan, and home loan on Finserv MARKETS App.
  • Avail insurance – Get insurance plans like health insurance, motor insurance, home insurance, travel insurance, and life insurance products.
  • Invest in your financial future – With a variety of investment options available on Finserv MARKETS App, you can secure yours and your family’s financial future easily.
  • Reliable service – Raise claim requests, track your loan/insurance applications, renew your policies, and so much more with one Finserv MARKETS account.
  • Discounts and More – Enjoy pre-approved deals and offers on Finserv MARKETS App while you enjoy the benefits of facilities provided by our partner apps.

Use of Finserv MARKETS App

The following are the things you can if you have the Finserv MARKETS App –

  • The app allows you to keep track of your finances at any time and anywhere. So, whether you want to review the previous loan details or manage your current loan account, you can do it with ease by using the app.
  • You can initial EMI payments on the app itself. Whether you have to repay your loan, insurance, or investment EMI, do it effortlessly and on the go with the Finserv MARKETS App.
  • The app notifies you if any of your insurance policy is about to expire and needs renewal. It also notifies regarding EMI payments as the due date nears. That way, you are up to date on your finances.
  • You can raise claim requests through the Finserv MARKETS App and check the claim status on it as well.

To Conclude

The Finserv MARKETS App brings the financial world to your fingertips. You can avail instant loans, make investments for your future, purchase EMI cards and credit cards, insure your assets and the future of your loved ones, do online shopping, and more. All this with a single Finserv account.

So, go on and download the Finserv MARKETS App, right away!

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