Sumit Mundik

🧠 Behavioural Finance learner |
📈 Compounding wealth builder |
💹 Rational Investor mindset |
📊 Personal Finance discipline |

[Sumit Mundik @urstrulysumit]

In India, building ₹1 crore on a salary is possible—but only if you master frugality. When needs come before wants, and you invest a large portion early, financial independence arrives sooner—no flashy lifestyle required.

[Sumit Mundik @urstrulysumit]

@vini546 I am good with legends flexi caps ( Parag parikh and HDFC), covered my large cap exposure through these two.

[CA Paaras Gangwal @ThetaVegaCap]

Home Loan Prepayment: Not Always a Good Idea🏠

Many people rush to prepay their home loan. But timing matters.

✅ Prepay when:

🔥You’re in the early years of the loan
🔥You receive a bonus, incentive, or windfall
🔥Your emergency fund is already built

❌ Think twice before prepaying when:

🤦‍♂️You’re in the last 5–7 years of the loan
🤦‍♂️You may need liquidity in the near future
🤦‍♂️You don’t have sufficient emergency savings

Why?

In the initial years, a large portion of your EMI goes towards interest. A prepayment at this stage can save lakhs in future interest costs.

But in the later years, most of the EMI is principal repayment. The impact of prepayment becomes much smaller.

The lesson:

📌 Don’t prepay blindly.
📌 Understand where you are in the loan cycle.
📌 The biggest savings come from early action.

A ₹50,000 prepayment in Year 3 can be more valuable than a much larger prepayment in Year 18.

#HomeLoan #EMI #PersonalFinance #FinancialPlanning

[Sumit Mundik @urstrulysumit]

@vini546 Thank you 👍

[Vinay Kumar (VK) @vini546]

The taxation for the ICICI Prudential NASDAQ 100 Index Fund depends entirely on when you purchased your units. This is because international funds saw major regulatory overhauls under Indian tax laws between 2023 and 2024.

💡For Investments Made From April 1, 2025 Onwards :

Following the clarification of the Union Budget rules, international equity index funds that hold more than 65% of their assets in equity (even if it's foreign equity) are categorized under the newly defined restructuring for specified mutual funds.

✔️Short Term Capital Gains (STCG):

If you sell your units within 2 years (24 months) from the date of investment, the gains are added to your overall income and taxed at your applicable income tax slab rate. 

✔️Long Term Capital Gains (LTCG):

If you hold the units for more than 2 years (24 months), the gains are taxed at a flat rate of 12.5%. Note that indexation benefits are no longer available for these long-term gains. 

💡For Investments Made Between April 1, 2023 and March 31, 2025

During this specific period, all international funds were stripped of long-term capital gains benefits entirely due to the Finance Act 2023 amendments.

Tax Rule: Regardless of how long you held the units (whether 1 month or 3 years), all gains are treated as short-term.

They are added directly to your taxable income and taxed according to your individual income tax slab rate. 

💡For Investments Made On or Before March 31, 2023

If you have legacy units in this fund from its early days, they fall under the older non-equity/debt taxation structure:

✔️Short-Term Capital Gains (STCG): Units sold within 3 years (36 months) are taxed at your slab rate.

✔️Long-Term Capital Gains (LTCG): Units sold after 3 years (36 months) are taxed at 20% with indexation benefits, allowing you to adjust your purchase cost for inflation.

[Sumit Mundik @urstrulysumit]

@vini546 Do you know the taxation part for ICICI Pru Nasdaq 100 fund?

[Sumit Mundik @urstrulysumit]

@vini546 I am talking about the existing SIP which I have started back in Feb 2026.

[Sumit Mundik @urstrulysumit]

@vini546 Congratulations 🎊🎉

[Sumit Mundik @urstrulysumit]

@vini546 @vini546 I have a doubt regarding the taxation part of the global funds. I am investing in ICICI pru Nasdaq 100 fund, does this have LTCG of 12.5% after selling 2 years, and if we sell within 2 yrs then 20%, without 1.25L LTCG gain benefit?

[GrowthEdge @growth_edge_]

May Month Multi Cap Fund Performance 📊

🏆 Top 5 Performers

1️⃣ Quant Multi Cap : +4.04%
2️⃣ LIC MF Multi Cap : +3.49%
3️⃣ Motilal Oswal Multi Cap : +3.36%
4️⃣ TRUSTMF Multi Cap : +3.10%
5️⃣ Tata Multi Cap : +2.91%

📉 Bottom 5 Performers

1️⃣ Kotak Multi Cap : -0.84%
2️⃣ HDFC Multi Cap : -0.38%
3️⃣ UTI Multi Cap : -0.26%
4️⃣ Canara Robeco Multi Cap : -0.20%
5️⃣ Sundaram Multi Cap : -0.15%

Disclaimer: This is a return comparison, not a fund recommendation.

One month is a very short period to judge a mutual fund. Focus on consistency across market cycles, not a single month's performance.

[Sumit Mundik @urstrulysumit]

@vishan_29 Very true. 💯

[Sumit Mundik @urstrulysumit]

@SIP_INVEST0R @Navayan To be precise, it’s 30% income tax + 4% health & education cess, taking it to 31.2% — and then comes GST on spending.
The taxes we pay every year are nearly 2–3x our entire family’s annual living expenses.

[Sumit Mundik @urstrulysumit]

https://t.co/GscyGJ7Lgg

[Sumit Mundik @urstrulysumit]

@vini546 My target is to have 100k units 😉. Going to accumulate over next 15-20 years.

[EPFO @officialepfo]

Dear Employers,
Here are the EPS Contribution Guidelines for you.
Keep a check, stay on track.
#EPFO #EPFOWithYou #HumHainNa #EPS

[Sumit Mundik @urstrulysumit]

You don’t find peace by chasing it.
You create it by letting go.

[Sumit Mundik @urstrulysumit]

Building wealth step by step.
No hype, just discipline and consistency.

[Sumit Mundik @urstrulysumit]

@AnkitFinAlpha ICICI Prudential NASDAQ 100
Abakkus Small Cap Fund
Parag Parikh Flexi Cap
HDFC Flexi Cap
Edelweiss Midcap
Bandhan Small Cap
WhiteOak Capital Midcap

The older fund is Parag Parikh, rest portfolio built 1 year back. I have combination of two flexi, two mid and two small caps.