Last Updated on December 18, 2021 at 10:47 pm This is a guest post by Aditya Veera. Aditya has studied and worked in finance, but this is the first article on investment he has written. Hopefully it is not the last. He holds an MSc from the London School of Economics and has an evangelical…
Continue reading →Last Updated on December 18, 2021 at 10:47 pm PPFAS Long Term Value Fund is advertised with a tagline: Only for “truly” long term investors! The funds scheme document states, “Investors should note that this scheme is suitable for investors who have an investment horizon of minimum 5 years”. Unfortunately,this can give investors the wrong…
Continue reading →Last Updated on October 4, 2016 at 10:21 am Here are updated versions of three fixed deposit calculators. FD calculator for investment tenure in months and years (tax to paid each FY and advance tax liability) minor bug fixed FD calculator for investment tenure in days (tax to paid each FY and advance tax liability)…
Continue reading →Last Updated on December 18, 2021 at 10:50 pm In March this year I had a thymectomy – surgery to remove my thymus gland. The procedure was paid via cashless mediclaim. I thought sharing my experience with ‘cashless’ might be useful to other readers. My hospitalization was planned. That is I had plenty of time (5-6…
Continue reading →Last Updated on December 18, 2021 at 10:52 pm This calculator returns the CAGR value based on Chit fund cash flows using Excel’s XIRR and IRR functions. Even if you have no interest in chit funds (good for you!), if you are someone who uses Excel to calculate returns (of any financial instrument), I strongly…
Continue reading →Last Updated on February 12, 2021 at 6:03 pm Frugality or a frugal way of life is often misunderstood as being miserly, devoid of the joy and pleasures of life where one tries to save as much money as possible for the future. Talk about frugality and personal finance and you are often met with…
Continue reading →Last Updated on December 18, 2021 at 10:49 pm This simple Monte Carlo simulator gives you the probability of a debt fund, with variable annual returns, outperforming a fixed deposit. If you are thinking about investing in a debt mutual fund, but are worried about fluctuating returns (volatility) – especially after the recent crash in…
Continue reading →Last Updated on February 23, 2022 at 8:23 am XLFinplan is an extraordinarily comprehensive Excel based financial planning application developed by Satish Mistry of Money Care Financial Planning Services. This commercial software has many interesting applications that will be useful not only for financial planners but also for individual investors. I requested Satish to send…
Continue reading →Last Updated on December 18, 2021 at 10:48 pm It is now seven months since direct mutual fund plan were introduced. Using NAV history of HDFC Top 200, I have calculated the actual difference in returns between the regular-plan and direct-plan (growth option) obtained so far (Excel sheet attached). Let use recall that regular funds…
Continue reading →Last Updated on December 18, 2021 at 10:50 pm I am ashamed to say that although I teach and research for a living, I hate giving analogies. Even if I think of a potentially good analogy, one that can drive home the point better, I get uncomfortable and think it is deliberate and artificial and…
Continue reading →Last Updated on December 18, 2021 at 10:47 pm This is a guest post by Jitendra Kumar, Sr.Business Analyst- Fiserv. Mr Kumar is a certified financial planner. His additional qualifications include MBA and Certification in Investment & Portfolio Mgmt. (IIMB). He is also a certified associate of the Indian institute of bankers (CAIIB). ~~~~~ Traditional Financial Planning works…
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