Kishor Naik

That Finance Guy 💸
CA who breaks down money like a friend, not a textbook.
Credit cards · investing · tax · insurance ✌🏻

[Kishor Naik @thatfinanceguy]

🧵 Types of Credit Cards – Understanding the basics

Credit Cards are often spoken about as a single product.

In reality, they are designed differently for different use cases.

Let’s understand the types 👇

[Kishor Naik @thatfinanceguy]

@credofly 😂😂😂

[Vijay Kedia @VijayKedia1]

Dear @anandmahindra Ji,
At a time when even our Hon’ble PM is encouraging domestic tourism, I genuinely feel Mahindra Holidays is sitting on a massive long term opportunity.

India today has a rapidly growing affluent and aspirational middle class with increasing preference for experiential family travel, yet Club Mahindra still has only around 3 lakh member families in India. The headroom for growth appears enormous.

India’s hospitality cycle is strong, Club Mahindra enjoys immense brand trust and healthy occupancy, yet the true value of the India business seems overshadowed by the continuing drag from the overseas Holiday Club business.

Perhaps the time has come for a strategic review - ring-fence, restructure, demerge or reduce exposure to the European subsidiary so that the India business can be valued independently on its own merit.

Additionally, sharper focus on capital light expansion, younger branding, digital engagement and modern hospitality thinking could unlock substantial shareholder value in the years ahead.

Written with utmost respect and admiration for the Mahindra Group and your visionary leadership. ....
A concerned long term shareholder.

[Kishor Naik @thatfinanceguy]

Completely agree with @b50.

Mid-caps are where the real wealth creation happens in India. Large caps give you safety, small caps give you stories. But mid-caps? They give you compounding.

I see this in company financials all the time that mid-cap companies growing revenue at 25-30%. Most investors skip them.

Nifty Next 50 is basically a mid-cap index dressed in a large-cap suit. These are tomorrow's Nifty 50 companies at today's prices.

If you're not allocating to mid-caps specifically Nifty Next 50, you're leaving serious money on the table.

[Anupam Gupta @b50]

The single most under-rated category in India is the mid-cap. I remember talking with @deepakshenoy on how the Nifty Next 50 (or JuniorBees) is actually a rock solid index to own. So..

[Dhirendra Kumar @dhirendra_vr]

https://t.co/D085gMtbqs

[Kishor Naik @thatfinanceguy]

@Dhananjay_Tech Superb 🙌🏻

[Kishor Naik @thatfinanceguy]

@thetrickytrade @suritalreja Perfect post for aspirational redemptions. Makes you want to start stacking points immediately 🔥

[Kishor Naik @thatfinanceguy]

@dharmeshba This is the core problem. Insurance needs trust. UPI built convenience, not trust. You can't sell a ₹1 crore term plan the way you sell a ₹200 recharge.

[Kishor Naik @thatfinanceguy]

@imYadav31 Wow 🤩

[Kishor Naik @thatfinanceguy]

@PaisaPrinciple Indeed needed the updated comparison 🙌

[Kishor Naik @thatfinanceguy]

Life insurance was sold as a tax-saving product for decades.

Health insurance too. 80C, 80D — the whole pitch was "buy insurance, save tax."

Then new tax regime came. ALL exemptions gone.

And now?
→ Insurance industry can't sell without the tax angle
→ People stopped buying because the "incentive" disappeared
→ Savings rates are falling

Look, I agree insurance was NEVER meant to be a tax product.

But let's be real. The government created this behavior for 30+ years. You trained an entire country to link insurance with tax saving.

You can't remove the training wheels overnight and expect people to keep cycling.

New regime was meant to be simple. Fair enough.

But simplicity came at a cost:
→ Lower insurance penetration
→ Households saving less
→ An entire industry in identity crisis

My take: bring back basic deductions for term plans and health insurance under new regime.

Not as a tax hack. As a nudge toward the right financial behavior.

[Aditya Shah @AdityaD_Shah]

Completely incorrect argument,

For many, many years,
The entire life insurance industry has sold life insurance products as tax-saving products,

In March,
In a rush to complete targets,
People made crazy sales on life insurance,

Now,
The government has completely done away with tax deductions on life insurance.
The entire life insurance industry is struggling to sell!

The primary purpose of life insurance is not to save tax,
Life Insurance is a product to mitigate the life risk of the earning members,
Tax incentives were just an added tool,

Life insurance is also an investment tool,
It is a tool to hedge life risks of the earning members,

At Hercules Insurance,
We sell only term plans and no other products.
We have seen nearly 100% growth in the number of term plans we gave to customers.

A plain vanilla term plan until retirement is the only life insurance product u need.
Rest all prodcuts only make the agents and the life insurance company rich

Selling and buying the right life insurance is the key to covering the risks correctly!

[Kishor Naik @thatfinanceguy]

Uber One just saved me ₹1,334 in 4 months.

The best part? I didn't even pay for it separately.

Times Prime membership includes Uber One free for 12 months. Discovered this thanks to @CardNiti.

4 months in and the Uber One savings alone have already recovered my entire Times Prime subscription cost.

This is what smart personal finance looks like not cutting chai, but finding value hidden inside subscriptions you already have.

Go check what your Times Prime memberships actually include. You'll be surprised.

Shoutout to @CardNiti for consistently bringing such valuable finds 🙌

[Kishor Naik @thatfinanceguy]

@ActusDei https://t.co/DVJiUNo48U

[Kishor Naik @thatfinanceguy]

MON100 is trading at 20% premium. Here's why.

SEBI capped India's overseas investment limit at $7 billion. Once we hit it, international ETFs were told to stop accepting fresh subscriptions.

No new units can be created. Supply is frozen. 🚫

But demand? Still rising. Everyone wants US tech exposure. 📈

Frozen supply + rising demand = market price stays above NAV indefinitely.

Normal ETF arbitrage (AMC creates new units when premium appears) is completely broken. The fund literally cannot issue new units.

So that 20% premium? It's not irrational. It's structural.

The real question: what happens when SEBI reopens subscriptions? 🤔

That premium corrects overnight. And everyone who bought at ₹120 for ₹100 worth of stocks learns an expensive lesson. ⚠️

[Kishor Naik @thatfinanceguy]

MON100 is trading at 20% premium. Here's why.

SEBI capped India's overseas investment limit at $7 billion. Once we hit it, international ETFs were told to stop accepting fresh subscriptions.

No new units can be created. Supply is frozen. 🚫

But demand? Still rising. Everyone wants US tech exposure. 📈

Frozen supply + rising demand = market price stays above NAV indefinitely.

Normal ETF arbitrage (AMC creates new units when premium appears) is completely broken. The fund literally cannot issue new units.

So that 20% premium? It's not irrational. It's structural.

The real question: what happens when SEBI reopens subscriptions? 🤔

That premium corrects overnight. And everyone who bought at ₹120 for ₹100 worth of stocks learns an expensive lesson. ⚠️

[Neil Borate @ActusDei]

🇮🇳 Indians are so desperate to buy US tech that there are ZERO sellers on MON100 today. ETF is trading at 20% premium People are paying ₹316 for something worth 264. That's desperation tax. 💸
Go direct. Buy the actual US ETF. Join our webinar to learn how. Comment global.

[Kishor Naik @thatfinanceguy]

Your TPA will try to reject your claim.

Here's what to do when it happens:

→ File on Bima Bharosa portal by IRDAI (https://t.co/oc5IymvHTM), 14 day response guaranteed
→ Written complaint to insurance ombudsman

The system has escalation paths. Most people just don't know them.

Save this. Share it with someone who might need it someday.

[Rajendra B. Aklekar @rajtoday]

Wife had been admitted for a small surgery and there has been a very negligent response from the team of Health Insurance TPA of India Ltd who have rejected a claim, which as not even in lakhs, by simply sending a denial letter without any clarification for a policy that has been there for nearly a decade now. There has been no response whatsoever and no questions asked. This has been my first experience of dealing with a TPA and found this one a very unprofessional organisation.

[Kishor Naik @thatfinanceguy]

@rajtoday This is why step 1 before buying any policy = check TPA responsiveness.

Quick fix: file on IGMS (IRDAI portal). They HAVE to respond in 15 days once IRDAI is watching. Most claims get cleared right there 🙏

[Kishor Naik @thatfinanceguy]

Save this thread. Share it with someone buying health insurance for the first time. 🙏

Follow @thatfinanceguy for more personal finance breakdowns. 💼

[Kishor Naik @thatfinanceguy]

I've reviewed 50+ health insurance policies.

Most people buy the wrong one. Or buy it too late.

Here's my exact 10-point checklist before anyone signs a health insurance policy: 🧵

[Kishor Naik @thatfinanceguy]

10/ Base policy + super top-up = smart structure 🧠

Don't buy a ₹1Cr policy straight up — it's expensive.

Instead: ₹10L base + ₹90L super top-up.
Cost? Often 40-50% less than a standalone ₹1Cr policy.

Same coverage. Smarter structure.