HDFC Balanced Advantage Fund Review
We evaluate the performance consistency of HDFC Balanced Advantage Fund by comparing it with Nifty 100 TRI and CRISIL 65% Equity 35% Bonds hybrid index.
Continue reading →How SEBI’s Multicap MF asset allocation rules will affect investors
In a circular dated Sep 11th 2020, SEBI has modified asset allocation rules for multicap mutual funds. We discuss how this rule is unnecessary and is likely to affect investors.
Continue reading →Nifty 50 Companies List September 2020
Nifty 50 companies with index weightage are listed for November 2020. These 50 out of the 1600 companies traded on the NSE representing 65% its float-adjusted market capitalization. The index started trading in April 1996. To be included in the Nifty, a stock must have an impact cost of less than 0.5% during the last…
Continue reading →Should I book profits from MO NASDAQ 100 ETF or FOF?
Even an occasional market observer would know that the NASDAQ 100 index has zoomed past the S&P 500 after the March 2020 market crash. Has it begun to correct now? I received this question a couple of days ago. “I have been investing in Motilal Oswal NASDAQ 100 Fund of Fund via SIP since inception…
Continue reading →Mirae Asset Equity Allocator Fund of Fund Review: Anything Special?
Mirae Asset Equity Allocator Fund of Fund is an open-ended fund of fund scheme predominantly investing in units of domestic large cap and mid cap equity ETFs (95% or more) thereby making it an “equity-oriented fund” with respect to taxation. In this review, we ask if there is anything special about this new fund offering.
Continue reading →Equity Mutual Fund Performance Screener September 2020
The freefincal Equity Mutual Fund Performance Screener (September 2020) is now available. Inside, you also get an Rs. 1000 off, discounted link to the lectures on goal-based portfolio management. Screen for consistently performing equity mutual funds in September 2020. You can screen based on fund category & benchmark and spot mutual funds that have got…
Continue reading →PPF or ELSS Mutual Funds: Which would give me more returns?
When a young earner enters the taxable income slab for the first time, their immediate concern is to save tax. A common question that then arises is, “should I invest in PPF or ELSS mutual funds for saving tax? Which would give me better returns?” A discussion on when to consider what and how to…
Continue reading →PGIM India Global Equity Opportunities Fund Review: Should You Invest?
This is a review of PGIM India Global Equity Opportunities Fund. A trailing one year return of 64% (as on Sep 3rd 2020) has been hard to ignore for many readers and I have received several requests for this review.
Continue reading →Axis Global Equity Alpha Fund of Fund Review: Should You Invest?
Axis Global Equity Alpha Fund of Fund is a new offering from Axis AMC. It will invest in Schroder International Selection Fund Global Equity Alpha, a large cap oriented global equity fund. We discuss the performance of this underlying fund to understand if it makes sense to consider the Axis fund for “international diversification”.
Continue reading →Is it time to book profits from Small Cap Mutual Funds?
After the market crash in March 2020, SBI Small Cap and DSP Small Cap funds opened for lump sum purchase. Now SBI Small Cap Fund has announced that it will not accept lump sum investments from Sep 7th (it had opened on March 30th). Does this mean investors should be wary of poor returns in…
Continue reading →Should I stop buying dividend stocks since dividends are now taxable?
As per Finance Bill FY 2020-2021, a person who receives dividend income from stocks and mutual funds must add it to total income and pay tax as per slab. Does this mean investors should stop buying dividend stocks since a portion of it would be lost to tax?
Continue reading →How should I invest to get Rs. one lakh a month pension?
This is a question posed by 35-year-old Prakash: “I would like to get Rs. one lakh a month pension when I retire. How should I invest to achieve this?” A pension after retirement is a necessary component of a post-retirement investment portfolio. However, it is not sufficient. A discussion.
Continue reading →PPF Interest Rate History 1968 to Present
The Public Provident Fund (PPF) is a popular tax-saving instrument in India. The Government of India introduced it in 1968 and fully guarantees the scheme. NRIs cannot open new PPF accounts but can continue their existing ones till maturity (15 years). A person can open only one PPF account for himself and one account each…
Continue reading →Stocks with momentum and low volatility for September 2020
Stocks with momentum and low volatility for September 2020 are listed in this stock screener for 100 stocks from the Nifty 100. This month 19 stocks quality (two new entrants) after filtering Nifty 100 with (1) positive 1-year return, (2) positive six-month return, (3) price > 200-day moving average, (4) 50% of daily positive returns,…
Continue reading →Should I use the best performing mutual fund to rebalance my portfolio?
Portfolio folio rebalancing is like a “system reset”. It is used to remove money from a well-performing asset class (eg equity) and move it to another asset class (eg. fixed income). Investors have many questions regarding this essential portfolio management activity and one of them is: “should I use the best performing mutual fund to…
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