ICICI dynamic fund has now become a mutli-asset fund. Is this a huge change from an equity to a debt fund? Should you now consider exiting or hold on? If you download the ICICI Mutual Fund Notification for changes in its hybrid and its equity scheme you might notice some amusing patterns. For eg. (1) ICICI…
Continue reading →This week on fee-only advisor journey, SEBI registered investment advisor Vikram Krishnamoorthy narrates his journey from MBA student to working as a financial advisor for the Canadian government to running an efficient and successful fee-only advisory service. Vikram is part of my list of fee-only advisors and Fee-only India (FOI): a movement to serve investors and advisors. I use…
Continue reading →Regular readers may be aware that I have repeatedly pointed out how hard it is for mutual funds to beat the NIfty Next 50 (NN50) index in terms of absolute return* and that no active mutual fund uses it as a benchmark! In this post, I classify NSE indices in terms of risk and point…
Continue reading →Here is a simple way to understand how grandfathering works when calculating LTCG tax on equity instruments. Download a free equity LTCG tax calculator to estimate the tax to be paid before you withdraw from an equity mutual fund, You can also use it to calculate STCG, and it will work with debt mutual funds…
Continue reading →This is a guest post by Brijesh Vappala a SEBI registered fee-only financial planner and member of fee-only India (FOI). This post marks his entry into my list of fee-only financial planners. I met Brijesh during the second FOI meet at Hyderabad last month. I requested Melvin Joseph, a familiar name to most readers to…
Continue reading →When it comes to money management, success can be measured in many ways. If it is personal finance, then it makes sense that the milestones be personal. Here are a few personal finance milestones that can help you gauge “where you stand today” on the road to wealth. Before we begin did you get a…
Continue reading →Often, It is only when we see a big drop in the stock market do we recognise the need to worry about risk and how to manage it. What if a market crash wipes all the returns I have got so far? What if there is not enough time to recover before I need to…
Continue reading →Most readers may be aware that SEBI has laid out norms for mutual fund categorization and many AMCs have fallen in line. It is frustrating that the big AMCs like ICICI, HDFC, Franklin and others have delayed conforming to this order. Makes me want to speculate that they have deliberately waited for the financial year to…
Continue reading →Here are 50 stocks with excellent earnings power track record. Based on Hewitt Heiserman Jr.’s Earnings Power Box, these companies have the potential to self-fund and create value. You can download a free tool to analyze any stock of your choice. This excellent compilation has been put together by Lokesh Verma based on Automated Stock…
Continue reading →The Nifty 50 Equal Weight Index (N50EW) is one which the 50 stocks with highest market capitalization have equal exposure in the index. Whereas the more commonly used Nifty 50 (N50) has a market cap based exposure. In this post, we consider the impact of equal weights. Does it result in higher returns? What about risk?…
Continue reading →As readers may be aware, fee-only India (FOI) is an organisation to help investors with their money management and fee-only advisors with knowledge sharing and support in their journey. Our first meeting and launch were on Sep. 2017. Out second meeting was organised by Piyush Khatri (Shahasta Financial Consultants) and held at his office on 25th…
Continue reading →This week on fee-only advisor journey, we showcase Swapnil Kendhe’s successful transition from corporate executive to insurance and mutual fund salesman to a fee-only SEBI registered investment advisor (RIA). Swapnil is part of both fee-only India – an association of fee-only financial planners and the freefincal list of fee-only RIAs. As someone who has witnessed part…
Continue reading →For the last four years, freefincal and AIFW has helped connect hundreds of investors with financial advisors who do not receive any commissions – a matter of pride and achievement for me. Such financial advisors, are known as fee-only advisors and need to be registered with SEBI as Registered Investment Advisors (RIAs). When you work with…
Continue reading →If you are planning to buy a house in the next few years with a home loan, here are some tips to maximize benefits. Wanting to live in a place that we call our own is an emotional and instinctive need. There can be no doubt about that. Very few of us would have no…
Continue reading →Here is a list of fantastic learning resources for kids and adults of all ages. Much of this list has been compiled by my 8-year old, Srikanth. So this makes it his first guest post. While he was growing up, I was hoping that he would have a real talent for fine arts like singing,…
Continue reading →