Last Updated on August 30, 2021 at 3:43 pm So the Sukanya Samriddhi Account is now EEE. Investments, interest and maturity are tax-free like PFF. Here is why it means nothing and why I will never invest in it if I have a daughter (I don’t). 1) You can withdraw only 50% at the age of…
Continue reading →Last Updated on September 20, 2019 at 11:33 pm If you are in Facebook Group Asan Ideas for Wealth (AIFW), chances are you would have encountered the acronym MDBSC* many times. Newcomers wonder what it stands for and wonder why there is a *. At a time when every news channel, financial services portal…
Continue reading →Last Updated on September 4, 2018 at 10:50 am Suppose I have 70 lakhs with me and would like to generate an inflation-protected income for as long as possible, how and where should I invest? The following is based on the Inflation-protected Income Simulator, and a thread at facebook group, Asan Ideas for Wealth (some inputs have been…
Continue reading →Last Updated on April 18, 2016 at 10:24 am Thanks to the ‘bull run’, ELSS mutual funds are projected as a ‘good’ last minute tax savings instrument. If you are thinking about tax deductions only now, do not use ELSS mutual funds. Last minute tax-savers are not interested in preaching: how you should integrate tax planning…
Continue reading →Last Updated on April 18, 2016 at 10:24 am Do you even need a financial planner? Money management, especially inflation proofing long-term goals, is not rocket science. Then again, even rocket science is not rocket science! The inclination to act, coupled with commonsense is all that is required. So the answer is, a financial planner is not…
Continue reading →Last Updated on August 30, 2021 at 8:55 am A long time ago in a galaxy far, far away (that is how the Star Wars movies open), the idea of getting a government job was held in high esteem. Thanks to the boom in the services industry, that is no longer the case among our…
Continue reading →Last Updated on January 12, 2023 at 10:07 pm Use this tool to compare the risk-adjusted year-on-year performance of two mutual funds over the last 8 years. This is an alternative to the previously published, fund A vs. fund B mutual fund analyzer, in which the comparison could be made for investment durations ranging from 1-8…
Continue reading →Last Updated on October 6, 2017 at 9:06 pm “Invest according to your risk appetite” is a refrain often seen in personal finance articles. This is as useless as it is meaningless. The single most important ailment among investors is their inability to recognise appropriate benchmarks and objectives inflation as the primary benchmark for long-term goals…
Continue reading →Last Updated on February 17, 2015 at 8:51 am Here are few tough questions directly or indirectly to personal finance, that I have encountered. I do not propose answers but only wish to point out certain neglected aspects that must be considered before a decision is made. Let us start with a familiar question: Should…
Continue reading →Last Updated on August 30, 2021 at 3:43 pm If you have used a retirement calculator, you will know exactly what the title refers to! If you have not used a retirement calculator before, you are missing out on a wonderful opportunity to get all stressed up! Freefincal has its origins in retirement calculators. I have…
Continue reading →Last Updated on August 30, 2021 at 3:43 pm Answers to a frequently asked questions on investment returns. 1. What return does the moneycontrol portfolio manager calculate? It calculates the absolute return. That is the percentage difference = (value-investment)/investment. This does not represent how your money has compounded. Ignore it. Use Value Research portfolio manager to…
Continue reading →