This is a performance of Aditya Birla Sun Life Tax Relief 96 Fund, an ELSS mutual fund that qualifies for tax saving under section 80 C. In Jan 2019, I had featured this as one among the seven consistent ELSS performers. Let us take an in-depth look at its performance. Started in 1996 as a…
Continue reading →Let us find out how actively managed equity mutual funds have performed against reperesentative category benchmarks using the May 2019 Equity Mutual Fund Performance Screener. The screener compares every possible 1,2,3,4 and 5-year returns of active funds with indices from April 3rd 2006. So please note that we are evaluating performance over the last 13 years…
Continue reading →The freefincal Equity Mutual Fund Performance Screener (May 2019) is available for download. Use this screener file to easily find best performing equity funds that have consistently outperformed category benchmarks/indices with good downside protection (better performance when the index is down) and/or upside performance (better performance when the index is up). This screener is meant for DIY investors to select…
Continue reading →From the financial year 2018-2019, long term capital gains above Rs. one lakh from stocks and equity mutual funds are taxed at the rate of 10%. The assessment year 2019-2020 is the first time when taxpayers will have to report equity LTCG in schedule CG of ITR2. However, since the income tax department did not…
Continue reading →Yes, NRIs can invest in PPF accounts that were opened when they were resident Indians in 2019. They will get the same interest rate as everyone else. The confusion arose when the ministry of finance announced in October 2017 that subscribers should close their PPF accounts when they become non-residents. However, in a circular dated…
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This time on reader story, we have an account of old share certificates revealed by the Kerala flood and how FB group Asan Ideas for Wealth admin Ashal Jauhari, helped a reader (who prefers anonymity) convert them into Demat form. More such stories from the archives: How I transferred my home loan from LICHFL to…
Continue reading →If you explore the list of multicap mutual funds, something strange might catch your eye. ICICI Prudential Multicap Fund started in October 1994 has only an AUM of about 3600 Crores. Let us find out how this fund has performed keeping in mind its evolution over time. ICICI Prudential Multicap Fund: History Some mutual funds…
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My mom had ear surgery a few months ago. The fee for the surgeon and the anaesthetist was surprisingly low! The former getting about Rs. 11,000 and the latter about Rs. 4,500. Is that low? Or is that high considering that both would do about 3-4 such surgeries a day and about 8-10 a week?…
Continue reading →Do you have stock options from your employer? Then you are likely to be overexposed to individual stocks. That is the bulk of your portfolio could be from just one or two shares. This is a huge concentration risk and must be handled systematically. Since I know many readers suffer from this problem, I requested…
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The latest freefincal mutual fund portfolio overlap tool allows you to compare five mutual funds at once to check for common stocks! Since Moneycontrol had changed its layout, this tool has been written from the ground up. Users will now have to select equity or debt as fund type before running the comparison. Creating such free tools…
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