The unified pension scheme regulations were released as a gazette notification on March 19th 2025. The scheme rules were earlier announced: Jan 2025 Gazette Notification. This is our coverage of the Unified Pension Scheme. Revised UPS vs NPS Calculator after Jan 2025 Gazette Notification Unified Pension Scheme Formula Explained How does the Unified Pension Scheme work?…
Continue reading →“How would you explain ULIP compared to a direct mutual fund to a layman?” Tax expert Manmohan Sethumadhavan answers. About the author: Manmohan Sethumadhavan is a freelancer, investor, and personal finance enthusiast “in search of the absolute truth.” You can follow Manu on Twitter @ManuTsr. Also, read his articles: Capital Gains Taxation Rules Ready Reckoner for FY…
Continue reading →The usual response to “Can I buy term life insurance if I have no dependents?” is, “No, it is unnecessary. Life insurance is only for those with dependents”. While this is perfectly fine, my view on this – initially aligned with the standard answer – has changed over the years. Often, young, unmarried earners ask…
Continue reading →This is a debt mutual fund screener for portfolio selection, tracking, and learning. It also includes hybrid funds that invest in bonds. It will satisfy investors who wish to invest in money market funds, banking PSU funds, etc. The credit quality of the bonds in the portfolio and the bond maturity profile can be tracked….
Continue reading →Investors often add 10% of this and 10% of that and claim they do it for “portfolio diversification”. This and that refer to asset classes or products that have recently done well. My favourite response is, now that you have added this/that, how do you know if your portfolio is diversified? What is the impact of…
Continue reading →There are many households (including mine) where the other partner knows nothing about investing, paying bills, taxes, etc and is not interested in learning. How can we set up instructions so they can manage our money in case we become too busy with work (or go abroad) or, worse, die? Instruction Sheet: Considerations It should…
Continue reading →A reader says, “I have modelled my retirement plan using the freefincal robo advisor. The option to secure a part of retirement expenses with income flooring is particularly appealing after reading reader journeys like How I used RBI Retail Direct to buy government bonds and create an income source and The system I use to draw…
Continue reading →This index fund screener is based on tracking error and returns difference wrt benchmarks (aka tracking difference). The screener will help users evaluate how efficiently an index fund has tracked its underlying benchmark. It will also help to understand how tracking a midcap index or the Nifty 100, 500 differs from tracking the Sensex or…
Continue reading →In this article, we explain the nuances of a retirement bucket strategy and discuss a method to implement it. What is a retirement bucket strategy? We have seen how our parents and grandparents manage their money after retirement. For most of them, a pension would be the main component. The remaining corpus would be distributed…
Continue reading →A reader wants to know, “How do you prepare for parenthood financially?” — a discussion. I admire this line of thinking. I would recommend every wannabe parent to ask themselves this question. Previous generations considered childbirth a gift and believed it should not be hampered by too much planning. Perhaps they are right, but there…
Continue reading →This ETF screener is based on tracking errors and tracking differences (ETF return minus index return). The screener will help users evaluate how efficiently an ETF has tracked its underlying benchmark. The tracking error is the ETF’s standard deviation minus index monthly return differences. The lower the tracking error, the more efficient the ETF is…
Continue reading →A reader asks, “I am 35 years old and presently have a Central Government Health Scheme (CGHS) cover for myself and my family (wife and daughter) on account of my Central Government job. Considering that the possibility of switching jobs is negligible and that CGHS can be extended to cover me and my wife post-retirement…
Continue reading →A reader wishes to know, “What is the ideal base health insurance plus super top-up combination?” If you are confused about which health insurance policy to buy, check out the free resources at the end of this article. There is no ideal base + super top-up combo. We will have to decide what is suitable…
Continue reading →A robust post-retirement investment strategy requires the following: (1) A large cash buffer for emergencies, (2) A guaranteed income source that handles partial expenses for the entire duration of retirement (also known as an income floor) or guaranteed income that increases at a rate close to inflation for the first 10-15 years of retirement. (3)…
Continue reading →The latest freefincal Equity Mutual Fund Performance Screener is now available. Use it to screen for consistently performing equity mutual funds. You can screen based on fund category & benchmark and spot mutual funds with a higher return than a benchmark at a lower risk. Inside, you get discounted links to our robo advisory tool…
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