The people have spoken and how! The stock market may rejoice at the results of Lok Sabha 2019, but the new government has its work cut out. Modi 2.0 faces many economic challenges, perhaps because of their own doing: demonetization. Read about any sector, be it agriculture, auto, consumption, exports, banking, airlines etc, the one…
Continue reading →Use this nifty valuation tool to find out if the stock market is expensive or cheap using PE, PB, Div Yield, Bollinger Bands and much more. The idea to try and understand the state of the market using multiple methods. An example of some of the results obtained with this sheet is here: Are we…
Continue reading →This week marks the 7th birthday of freefincal. Last year, for the 6th birthday, I put together the re-assemble: basics of money management e-book. For this year, I would like to release a free e-book with 100+ questions on mutual funds for beginners – MF: FAQ. I need your help in completing it. Regulars may…
Continue reading →So, happy about today’s market movement? Sorry, but you need to stop dreaming about a bull run even if the exit polls for the 2019 Lok Sabha elections are right, IF, that is. Do watch this:
Continue reading →This is a performance of Aditya Birla Sun Life Tax Relief 96 Fund, an ELSS mutual fund that qualifies for tax saving under section 80 C. In Jan 2019, I had featured this as one among the seven consistent ELSS performers. Let us take an in-depth look at its performance. Started in 1996 as a…
Continue reading →Let us find out how actively managed equity mutual funds have performed against reperesentative category benchmarks using the May 2019 Equity Mutual Fund Performance Screener. The screener compares every possible 1,2,3,4 and 5-year returns of active funds with indices from April 3rd 2006. So please note that we are evaluating performance over the last 13 years…
Continue reading →The freefincal Equity Mutual Fund Performance Screener (May 2019) is available for download. Use this screener file to easily find best performing equity funds that have consistently outperformed category benchmarks/indices with good downside protection (better performance when the index is down) and/or upside performance (better performance when the index is up). This screener is meant for DIY investors to select…
Continue reading →From the financial year 2018-2019, long term capital gains above Rs. one lakh from stocks and equity mutual funds are taxed at the rate of 10%. The assessment year 2019-2020 is the first time when taxpayers will have to report equity LTCG in schedule CG of ITR2. However, since the income tax department did not…
Continue reading →Yes, NRIs can invest in PPF accounts that were opened when they were resident Indians in 2019. They will get the same interest rate as everyone else. The confusion arose when the ministry of finance announced in October 2017 that subscribers should close their PPF accounts when they become non-residents. However, in a circular dated…
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This time on reader story, we have an account of old share certificates revealed by the Kerala flood and how FB group Asan Ideas for Wealth admin Ashal Jauhari, helped a reader (who prefers anonymity) convert them into Demat form. More such stories from the archives: How I transferred my home loan from LICHFL to…
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