PPFAS Gift City announced yesterday that they have slashed the minimum investment required to invest in its outbound funds – Parag Parikh IFSC S&P 500 FOF and  Parag Parikh IFSC Nasdaq 100 FOF – from 5000 USD to 500 USD. This 500 USD minimum also applies to subsequent investments. Given how hard it is to…

We discuss the performance consistency of actively managed mid cap funds by comparing them with the Nifty Midcap 150 index. This is the Aug 2026 report. The freefincal active equity mutual fund screener, published monthly, uses the Midcap 150 to compare small cap funds. This is the link to the latest screener. If you read…

“Which mutual fund should a beginner choose?” Someone recently asked me this question after a talk. A discussion. Let us assume that the person is a young earner who has subscribed to the EPF via her employer. If she is a freelancer or entrepreneur, the PPF is a good substitute. That will be the fixed-income…

Why do content creators keep talking about Parag Parikh Flexicap? Because they know it will garner interest from both unitholders and bystanders. The best way to handle this is to avoid watching any financial content on social media or YouTube, so the algorithms think you don’t care. But that seems hard for most people. The…

This is an update on my mutual fund investing journey, which began on 19th June 2008. In the last three decades, I have gone from being a spendthrift to being in debt to financial independence. New community members can refer to these articles for an account. The Financial Arrow of Time and My Journey: Driven by the…

I have been investing for my son’s future (college and other expenses) since Dec 2009 – a month before he was born (He is 16 now). A portfolio review and lessons from this journey. When I started investing for this goal, money management basics were almost in place, except for term insurance, which I got…

This article discusses how often an actively managed mutual fund should beat its chosen or category-representative index. The answer depends on who you ask. If you ask the investor, they should say, “as often as possible, if not always.” They should say “Should” because although investors pay a high management fee for active management, they often…

NaviPlan is a privacy-focused multi-asset portfolio and financial goal tracker developed by Gokul of Naviran Technologies in association with freefincal. In this article, we list some frequently asked questions about NaviPlan. Presentation: The tool can be used on your PC, tablet, or mobile browser. If the tool is updated with new features, a simple browser…

We are delighted to announce the launch of NaviPlan: A Privacy-Focused Multi-asset Tracker and Goal Planner. This tool was developed by Gokul of Naviran Technologies in association with freefincal and can be used to track mutual funds, stocks, and FDs.  The user can tag these to financial goals and track their progress. The tool also…

Statements like, “Our analysis shows that, over the long term, the stock market shows poor returns for only two out of every ten periods. This means that the probability of losing money is quite small”, are wrong. You cannot, well, must not associate probabilities with stock market returns. Just because one has two numbers –…

I recently tested several risk profilers available online to Indian DIY investors. Most of them, I realised, are built to sell rather than to help. I didn’t set out to write this. I was just trying to find a decent risk-profiling tool for myself as part of my research for NISM Retirement Advisor preparation. The…

A reader asks, “Should I choose an outperformer or underperformer for rebalancing my portfolio?” The primary objective of portfolio rebalancing is risk reduction. We remove some funds from an asset class that is performing well and shift it to another asset class. Typically, this is done through equity to fixed income or vice versa. So…

In a previous study published on freefincal, we showed that the Nifty 200 Momentum 30’s apparent alpha largely disappears among high-turnover stocks, and survives only in the illiquid half. The natural follow-up question is: is this a momentum-specific quirk, or does Scaled Turnover reshape other factor premia as well? Is Scaled Turnover a Universal Filter…

As many are aware, all Government employees who have joined service on or after January 1st, 2004, are covered under the National Pension System (NPS). While the NPS definitely has the word “pension” in its name, it isn’t really a pension scheme, and if you are covered under the NPS, please do understand what the…