SEBI’s Mutual Fund Scheme Categorization: Pros and Cons

Yesterday, SEBI announced its new “Categorization and Rationalization of Mutual Fund Schemes”. In this post, I discuss the positive and negative aspects of this move. As with any change, it is a mixed bag, especially for existing investors. SEBI has made it clear that only one scheme per category will be allowed and that AMCs…

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Step-by-step guide to plan for your child’s education and marriage

Here is a step-by-step guide for planning your child’s education and marriage. 1. When to start planning. The moment the pregnancy is confirmed! 2. What do to first? Evaluate your insurance cover and buy more if required. 3. How to evaluate insurance cover?  Let us consider a couple with a two-year-old child. The male is…

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What is the real purpose of a Financial Plan?

What is the objective behind creating a  financial plan? Who is it meant for?  Do young earners or DIY investors need the services of a fee-only financial planner to create a professional plan? In this guest post, Vikram Krishnamoorthy,  SEBI registered fee-only financial planner tackles these questions and discusses the real purpose of creating a financial plan…

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Fee-only India: launch of a movement to serve investors and advisors

Yesterday (Sep 24th) saw the birth of  Fee-only India, a coming-together of SEBI registered fee-only financial planners at Mumbai. Ashal Juahari, admin of Facebook group Asan Ideas of wealth and I spent the day listening to and discussing with the fee-only financial planners from my list. An organisation of financial planners who do not sell any…

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Should I use cashless hospitalization facility or pay and then reimburse?

There are many who believe that cashless hospitalization facility available with medical insurance policies can be misused by hospitals and that it is better to pay cash and the reimburse it via the policy later. A discussion on should I use cashless hospitalization facility or pay and then reimburse? What does misuse mean? Attempting to exhaust the…

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Investing in Cryptocoin vs Trading in Cryptocoin

Suppose you wish to “put” some money in cryptocurrency (or cryptocoins), say Bitcoin, altcoin, litecoin, fartcoin etc. would you trade or would you invest? It is obvious that due to poor liquidity, the crypto market is volatile. So instinct would tell us caution is necessary. So trading (frequent buying and selling) with regular profit booking seems…

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Robo Advisory Software Tool: Build a complete financial plan!

Get the freefincal robo advisory software tool to plan from start to finish for retirement (early, normal, before and after), non-recurring financial goals (child education) and recurring financial goals (holidays, appliances, etc.). The tool would help anyone aged 18 to 80 plan for their retirement, six other non-recurring financial goals, and four other recurring financial…

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Announcing the “PlumbLine”: a handpicked list of mutual funds

Dear reader, the final step of an investment plan is the product selection. The freefincal robo advisory template will provide the user with all necessary inputs from asset allocation, investment strategy and suggest product categories. To accompany the robo template, I would like to  publish a handpicked list of mutual funds which will be updated…

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