As reported earlier, SEBI has included nine freefincal calculators created by M. Pattabiraman in its investor education website. Ms Monika Halan, the SEBI Investor Protection Education Fund Advisory Committee chairperson, suggested including these tools, and the committee inaugurated them on 22nd Nov 2022.
Tutorials for each tool will be made available in the coming weeks. The first tutorial for the cost of delay (in retirement planning) is now available.
These are screenshots of the tutorial and the tool.
The calculator helps to bring out this scary fact: postponing retirement planning is a sure-shot way to lose financial independence in your retirement. The amount needed to save each month would become so huge if postponed by just a few years that it would be impossible to match your expenses in retirement.
Inflation is a very important parameter in financial planning. However, postponement or inaction is the biggest enemy.
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The complete set of tools are
- Net worth calculator
- Life insurance calculators (for earners with and without children)
- Financial goal planner with variable asset allocation
- Monthly investment tracker
- Time value of money calculator
- The true power of compounding
- Impact of 1% (difference in return) calculator
- Cost of delay (in investing) calculator
- Visual goal planning and asset allocation
Link to the calculators at SEBI: https://investor.sebi.gov.in/calculators/index.html. They can be found among some existing tools. This is a screenshot.
The nine calculators are part of the book, You can be rich too with goal-based investing by P V Subramanyam and M Pattabiraman. The tools can also be accessed here: https://freefincal.com/goalbasedinvesting/
If you want Excel versions of these tools plus many other benefits, consider joining the freefincal investor circle. This is a screenshot of the Excel version.
Do give the tools a try. The SEBI team is extremely enterprising and responsive, so they would be happy to make changes if it would benefit many.