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At the time of writing, the Apple iPhone 7 (Black, 32GB) costs Rs. 49,994 at Amazon. Should I  pay cash* or pay EMIs over 12 months at an interest rate of 13%?  This situation is quite common in life and there are interesting arguments for and against each option that cannot be justified with math. It also offers a chance to understand more aspects of the time value of money. This is part 2 of the "time is money" series.

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Franklin India Savings Plus Fund can be classified as an ultra-short term debt mutual fund that invests predominantly in floating rate bonds (to minimise interest rate sensitivity) of reasonably good credit quality, making it a reasonable candidate for first-time debt mutual fund investors to consider. In this post, I look at the main characteristics of the fund. This post is not a recommendation to invest in this fund. It is a recommendation to learn more about this fund.

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Are you one of those guys who has trouble making money decisions? Join the biggest club on Earth! I have some good news and some more good news for you. The good news is that everyone is confused about one thing or the other - that is a certainty! The more good news is that just as courage is not the absence of fear, clarity is not the absence of confusion. Hard as it may seem to believe, clarity is the acceptance of confusion because confusion can never be removed.

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"Which is the best way to compare my mutual fund with other funds from the same category?". The best way would be to not compare the performance of the funds that you hold with others. The second best way would be to use the exact dates in which you invested and only those dates for the comparison. The third best way is to use this free tool that allows you to compare the performance of all funds in a category from the date in which you started investing in one of them.

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Each week I try and answer generic questions from readers. Here is this week's edition in which we cover topics ranging from the retirement bucket strategy, mutual fund portfolio turnover ratio and the scheme information document. You can use the form below to ask your question. I shall take them up next week.

Before we begin, my book with PV Subramanyam, You Can Be Rich Too is available at a 50% discount (Rs. 198) for short periods of time this month as it was among the top 25 bestsellers in the last 3 months. Grab it now!

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