ChatGPT (Chat Generative Pre-trained Transformer) is less than four months old, but it has already taken the world by storm. Microsoft’s Bing has, for the first time, got something that Google hasn’t (at the time of writing). AI-based tech startups are popping up like mushroom after rain: There’s an AI for that. It seems someone…
Continue reading →These are the freefincal handpicked list of mutual funds for Apr-Jun 2023. New and old investors can use it according to their specific needs. The list is called “PlumbLine” and has been published since Sep 2017 for beginners to accompany the freefincal robo advisory tool. Most important! Plumbline is a mix of my opinions +…
Continue reading →With the change in the taxation of debt fund units purchased on or after 1st April 2023, the focus shifts on (1) the change in the investment mandate of certain existing schemes, (2) the launch of balanced hybrid funds (these can hold 40-60% equity) and (3) equity savings funds. In our coverage of this topic,…
Continue reading →An additional benefit in the new tax regime has been approved in the budget amendment to the finance bill 2023. We have modified our free New Tax Regime vs Old Tax Regime Calculator to reflect this change. Before the amendment, a person with a net taxable income of Rs. 7 lakhs paid no tax in…
Continue reading →The govt has amended the financial bill 2023 to remove the LTCG taxation at 20% with indexation for mutual funds holding 35% of lower Indian equity. The gains from such funds will be taxed as per slab, regardless of the age of the unit. This rule applies to purchases made on or after 1st April…
Continue reading →A YouTube viewer in response to our recent video – Do not stop or redeem your equity investments! Now is the best time to invest! – responded: “Thank you, Pattu Sir, I am continuing with my SIPs with 45:55 Allocation (Equity: Debt). So, is it ok to put a LumpSum at this time as my…
Continue reading →Several readers have asked us how their investment strategy should change due to the change in debt mutual fund taxation rule applicable from 1st April 2023 on fresh purchases. This is our topic coverage with all the details: Debt mutual funds to be taxed as per slab from 1st April 2023! And Will SEBI help investors…
Continue reading →In our coverage of the change in debt mutual fund taxation rule from 1st April 2023, we have pointed out that several funds will modify their investment mandate. See: Debt mutual funds to be taxed as per slab from 1st April 2023! And Will SEBI help investors and AMCs tackle the debt fund taxation rule change? Freefincal investor…
Continue reading →In this article, we explain why investors and AMCs need SEBI’s help in tackling the debt fund taxation rule to come into force from 1st April 2023. Taxation status from 1st April 2023 Funds holding 65% or more of Indian equity or Indian equity ETFs are equity funds (no change in this) Funds holdings less…
Continue reading →In a surprising move, the govt announced several amendments to the finance bill 2023. Among the changes is the change in taxation status for debt mutual funds. Taxation status from 1st April 2023 Funds holding 65% or more of Indian equity or Indian equity ETFs are equity funds (no change in this) Funds holdings less…
Continue reading →This article compares my stock portfolio with an equivalent investment in a Nifty index fund and the Nifty 100 Low Volatility 30 TR index. We post this comparison each month. Before we begin, new readers need to appreciate the context of these investments. I started direct equity investing only after achieving a comfortable level of…
Continue reading →In Feb 2022, a 31-year-old reader named GB shared his financial journey: From 5 lakhs in debt to building a corpus worth six years in retirement. This is an updated audit. About this series: I am grateful to readers for sharing intimate details about their financial lives for the benefit of readers. Some of the…
Continue reading →Before the end of 2023, AI will play a huge role in almost all spheres of life. At freefincal, we have been obsessed with creating a CHATGPT-based AI bot to answer reader questions. More about this is below. First, let us discuss why we need to stop criticising AI and accept it! Every time someone…
Continue reading →This is a debt mutual fund screener for fund selection, fund portfolio 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 and PSU funds etc. The credit quality of the bonds in the portfolio and the bond maturity profile…
Continue reading →A reader asks, “I intend to follow a 50:50 portfolio bucket approach post my retirement for the retirement goal. The 50% equity part would be predominantly invested into a Large cap mutual fund. For the 50% debt part, I intend to break it up into a) liquid/money market funds that will cover the next five…
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