An overdraft account is a type of credit facility offered by a bank in which one can overdraw funds, for example, write a cheque for Rs. one lakh when our account balance is zero. In this article, we discuss when it should be used.
Continue reading →A person with a profile name MoneyGita asks if dividend income can be obtained from index funds (or ETFs) after retirement instead of using stocks. Sometimes the answer to a question in personal finance seems like an obvious “no”, but on closer inspection seems, “why not?!”. A discussion.
Continue reading →Natesh asks, “I’m 24 and investing for my retirement goal which is around 30 years away. Asset Allocation: Equity 70% and fixed income 30%. Within the equity portion, Axis Nifty 100 Index fund – 75% and MO S&P 500 Index fund – 25%. Is this a good plan? Is it ok to use the Axis…
Continue reading →I received an unusual question from a reader that said, “my ppf account is nearing maturity. should I close it and invest the amount into equity to correct my asset allocation close to where it should be? Or should I extend the ppf for another five years?”. Unusual because most investors would never think of…
Continue reading →Focused mutual funds are schemes that can invest in a maximum of 30 stocks in large cap or mid cap or small cap stocks or across market cap (multicap). The scheme must invest 65% of assets in equity and must mention its market cap alignment. In this article, we find out how focused mutual funds…
Continue reading →This is the contents of the new course: How to get people to pay for your skills. This is for anyone looking to earn extra income (aka side hustle) or passive income; anyone who wants to start a blog or YouTube channel or build a social media following; for entrepreneurs; small business owners; anyone who…
Continue reading →ICICI Prudential ESG Fund is an open-ended equity scheme investing in companies identified based on the Environmental, Social and Governance (ESG) theme. This is a review of the ESG theme and whether investors should consider investing in such a theme and in this fund which has an NFO Period between 21st Sept – 5th Oct…
Continue reading →On Sep 11th 2020, SEBI modified asset allocation rules of multicap mutual funds claiming that these funds have not remained “true to label”. They then released an additional clarification that the flexibility to invest across market cap does not mean funds could ignore small caps. What was SEBI’s motive behind this rule? Or was it…
Continue reading →Dear reader, I am delighted to announce the launch of a project I have been dreaming about for the last couple of years. A new course – “How to get people to pay for your skills“. This is for anyone looking to earn extra income (aka side hustle) or passive income; anyone who wants to…
Continue reading →Here is a simple way to select mutual funds that have beat the category benchmark in terms of both return and risk over the last one, two, three, four and five years simultaneously! That is higher than the benchmark return and lower than benchmark risk.
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