Reducing Tax With Partial Mutual Fund Withdrawals: Examples + Calculator

There are times in life when you require money for a need in stages. The most common example is monthly income. Those who do not have much money to play with, cannot take risks and must rely on interest income which is always taxable as per slab. On the other hand, those who have some … Continue reading Reducing Tax With Partial Mutual Fund Withdrawals: Examples + Calculator →

Fixed Deposits: Annual Yield vs. Annual Interest

The difference between annual yield and annual interest and how it can be used to misrepresent gains from fixed deposits is discussed. Let us face it, most investors are confused with the two percentages associated with a fixed deposit: annual interest and annual yield. Most people make the common mistake of assuming that the yield … Continue reading Fixed Deposits: Annual Yield vs. Annual Interest →

Fixed Deposit Calculators III: How many days are there in a year?

How many days are there in a year? According to Google it is 365.242 days. If I hold one year fixed deposits and determine maturity values using 365.242 days as the tenure, will my calculation match the maturity values listed in the bank statement? Unlikely. Perhaps I should round it off and use 365 days? … Continue reading Fixed Deposit Calculators III: How many days are there in a year? →

Updated Fixed Deposit Calculators

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) macro button added to stop and start calculations for … Continue reading Updated Fixed Deposit Calculators →

Debt Mutual Fund vs. Fixed Deposit Comparator – Version II

There are many articles on the web that talk about the difference in the way debt mutual funds and fixed deposits are taxed. Almost all of them (including the ones by self-proclaimed beacons of financial literacy) talk about post-tax returns typically over 3-5 year periods. To my knowledge there is only one article, written by … Continue reading Debt Mutual Fund vs. Fixed Deposit Comparator – Version II →