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…
Continue reading →I was asked this question in a podcast recently. I am a college student. I receive some pocket money each month. How should I invest it? First, seeing 18-somethings think about investing a few years before receiving their first paycheck is wonderful. This is personal finance. So there is one right answer. I can think…
Continue reading →This article will discuss how SEBI-registered investment advisors (RIAs) earn a fee and which option is best suited for investors. This article is written with the help of inputs from Ashal Jauhari and other RIAs who are members of my curated list. SEBI only recognises two types of fees: A fee not exceeding Rs. 1.25L…
Continue reading →We publish a list of stocks with low volatility and momentum each month. We provide data for BSE 500 and BSE 100 stocks. There are now three different screener files available. (1) Stocks with low volatility and momentum from the BSE 100 large cap universe are available as a separate file (2) Stocks with low…
Continue reading →We explain why “guaranteed income plans” with “assured returns” are inefficient investment avenues for our money and are best avoided. Benjamin Franklin wrote in 1748 that Time is Money in a note titled “Advice to a Young Tradesman“. Insurers use this idea to their benefit in all traditional insurance policies, including guaranteed income plans. Consider a typical…
Continue reading →In this article, reader Sampath explains why he had to postpone his plans for early retirement. His story is a lesson that we must be ready to adapt to the ups and downs of life. Dear freefincal readers, my name is Sampath. I will be 47 in Jan 2023. I have always been fascinated by…
Continue reading →In this article, we discuss how to audit a financial freedom or retirement portfolio. All long-term financial goals require periodic review to ensure that they are on track and in line with expectations and assumptions made while planning for the goal. Retirement is a unique financial goal because a corpus does not get spent within a…
Continue reading →A reader says, “I have a query about investment for my child’s future. We have been blessed with a baby boy this month, and I would like to start investing for his future and marriage”. “I plan to open a bank account (for the child) with my wife as the parent until my child becomes…
Continue reading →A reader asks,” Sir, almost my investment decisions are due to FOMO (fear of missing out). This has led to multiple stocks, mutual funds, fixed deposits, bonds and chit funds. I am ashamed to disclose the number. After reading your articles, I have understood that my approach is wrong. Can you please write an article…
Continue reading →A new weekly podcast on money management, Let’s get rich with Pattu, produced by Ofspin is launching on May 29th 2023. Each episode will cover one aspect of money management – insurance, emergency funds, planning for retirement, financial independence and early retirement, buying vs renting and more. Readers who want their questions featured on the…
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