M. Pattabiraman's Blog, page 101
February 16, 2023
Index fund tracking error screener February 2023
This is an index fund screener 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 is quite different from tracking...
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February 15, 2023
Is this to good time to buy gilt funds, corporate bond funds or long duration funds?
Over the past few weeks, several readers have asked us if this is a good time to buy gilt funds, corporate bond funds, or long-duration debt funds as the interest rate cycle appears to have peaked and is all set to move down — a discussion. When RBI starts decreasing the overnight rate, gradually, the...
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February 14, 2023
Higher EPS pension delayed if you did not retire before Sep 2014
Many organisations part of the EPFO are abuzz with discussions and calculations on higher EPS pensions following the Supreme Court’s verdict. Many have even provided deadlines to employees currently in service to opt for a higher EPS pension by transferring a significant portion of their EPF corpus to the EPS. However, at the time of...
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February 13, 2023
ETF tracking error screener February 2023
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...
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February 12, 2023
Can I continue investing in ELSS mutual funds in the next financial year?
A reader asks, “My question is about the significance of ELSS funds in the future due to the new tax regime. Can we continue investing in these funds?” Budget 2023 has made the new tax regime the default scheme with an option to continue using the old scheme. The new regime has significant tax cuts...
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What are the tax slabs for senior citizens in the new tax regime from 1st April 2023?
We have received many questions on the tax slabs for senior citizens in the revised new tax regime from 1st April 2023. The answer is quite simple! The new tax regime does not distinguish among individuals, senior citizens, super senior citizens and HUFs. All of them get taxed at the same rate! The new tax...
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February 11, 2023
How do I invest conservatively for my son’s future?
A reader asks, “I am 32 years old, an IT employee, and recently we had a new baby boy. I wanted to thank you first for your continuous financial lessons, which have changed my thoughts on personal finance. I have one crore term insurance and 10 lakh medical insurance and below MF investments.” “PPFAS Tax...
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Budget 2023 wants us to shift from tax-saving to wealth-creation mode How do I invest conservatively for my son’ –s future??
A reader asks, “I am 32 years old, an IT employee, and recently we had a new baby boy. I wanted to thank you first for your continuous financial lessons, which have changed my thoughts on personal finance. I have one crore term insurance and 10 lakh medical insurance and below MF investments.” “PPFAS Tax...
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February 10, 2023
I am forced into semi-retirement – Can I still be financially independent?
A reader asks, ” I am 45 years old with a corpus of around 2.5cr distributed across equity (MFs + stocks) and fixed assets (Bank Savings+Debt Funds+SGB+EPF). I worked for a niche media industry and lost my job in 2020 when Covid hit.” “With few opportunities locally, finding suitable positions has been difficult, especially with...
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February 9, 2023
Budget 2023 wants us to shift from tax-saving to wealth-creation mode How do I invest conservatively for my son’ –s future??
Budget 2023 has made the new tax regime the default scheme with an option to continue using the old scheme. The new regime has significant tax cuts with no tax on income of up to Rs 7 lakhs (net taxable). To appreciate the gravity of these changes, let us consider an example using the New Tax...
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