We recently published a Step-by-step guide to entering MF and share capital gains in ITR2 (or ITR3). Many readers wanted to know how to set off & carry forward capital losses in ITR2 and ITR3. So here is a quick guide. If you are new to entering capital gains and losses in the ITR utility, we…
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 →The following is an anonymous post in the Facebook group Asan Ideas for Wealth (AIFW) reproduced here after its admin, Ashal Jauhari’s suggestion. “A real-life example to prove that there are only two kinds of people – those who have faced emergencies and those who have not. In the example below, this old friend –…
Continue reading →This step-by-step guide discusses entering capital gains from mutual funds or shares in ITR2 or ITR3 for AY 2023-2024 (FY 2022-2023). Salaried taxpayers must use ITR2 if they have any capital gains to declare. Businessmen and professionals must ITR3 for the same purpose. The capital gains schedule and filing procedures are identical in ITR2 and…
Continue reading →SEBI has created a new class of intermediaries called execution-only platforms (EOPs) for direct plan mutual funds. This will differentiate between an EOP and an RIA and provide clients with a clear grievance redressal mechanism. Those offering direct mutual fund investment portals are currently registered as investment advisors (RIA). SEBI defines an EOP as “Any…
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 a understand how tracking a midcap index or the Nifty 100, 500 differs from tracking the Sensex or…
Continue reading →Any individual with business or professional income should submit Form 10-IE to inform the IT dept if they wish to switch from the old tax regime to the new one on or before July 31st 2023, and only then file their income tax return. The date of submitting Form 10-IE and the acknowledgement number for…
Continue reading →If you have a property to rent out, here are some key considerations to ensure there are no legal issues with your tenant in future. The law provides several safeguards for both landlords and tenants. If the agreement between the two parties is not done right, legal hardships will result in loss of time and…
Continue reading →This is an ETF screener 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…
Continue reading →In this article, SEBI registered fee-only advisor Swapnil Kendhe explains all the things related to debt mutual funds that retail investors should understand if they want to make informed decisions appropriate for their financial goals. About the author: Swapnil Kendhe is a SEBI Registered Investment Advisor and part of my list of fee-only financial planners. You…
Continue reading →Many corporations are introducing an option to switch from their existing Superannuation scheme to the national pension scheme (NPS). Here is what you need to consider before deciding to switch. Many wrongly think that the NPS comes with additional employer contribution tax deductions. This is incorrect. Up to Rs. 7.5 lakhs of employer contribution in…
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…
Continue reading →One of the biggest impediments to buying a term life insurance policy is its lack of “return”. Therefore the life insurance industry, knowing fully well that term insurance plans are becoming popular, comes up from time to time with innovative term insurance variants. The latest is the zero-cost term insurance plan. What is zero-cost term…
Continue reading →A reader wishes to know if he can invest in the newly launched Edelweiss Multi Asset Allocation Fund as its taxation is lower than debt funds—a discussion. Edelweiss Multi Asset Allocation Fund is an open-ended scheme investing in Equity, Debt, Commodities and units of REITs & InvITs. The typical asset allocation strategy is: 35-40% Equity Arbitrage. …
Continue reading →A reader says, “You strongly recommend index funds for new investors. Why do you not recommend switching to index funds to other active fund investors? (Also wondering why you do not do it yourself)”. “Is it to avoid paying taxes on current gains if the size of the corpus is already substantial? I have also…
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