M. Pattabiraman's Blog, page 104
January 26, 2023
Stock Portfolio Analysis: January 2023
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...
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January 25, 2023
I lost my job but got a big severance package – is this enough for financial freedom?
A reader says, ” I am 45 years old and am doing well. My company recently shut down operations in India, and I have been offered a hefty severance package. I wanted your advice on generating 10% annual returns ( or the best returns possible)”. “Here is my financial status: Severance package: 70 Lakhs Self-owned...
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January 24, 2023
Will we pay more tax for equity MFs than debt MFs in future?
From April 1st 2018, long term capital gains on stocks and equity mutual funds over Rs. one lakh have been taxed at the rate of 10% (plus 4% education cess) without indexation benefits. P V Subramanyam of subramoney recently pointed out to me that we will be paying more tax on equity mutual fund gains...
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January 23, 2023
Debt mutual fund screener (Jan 2023) for selection, tracking, learning
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...
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January 22, 2023
How should I switch funds so that my portfolio always has the top mutual funds?
A reader asks, “I have been investing in MF through SIP for 15+ years. I have the habit of reviewing my mutual fund portfolio in January every year (15 years so far) and comparing my MFs to their peers. I check for 1 year returns. If my MF is in the top 3 for the...
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January 21, 2023
After ten years of MF investing Suhas is on track to achieve his financial goals
As regular readers may know, we publish an annual personal finance audit every December – our 2022 audit was posted a few weeks ago. Since 2020 regular readers have been sharing their investment journey and portfolio reviews. Suhas was among the first to do this. He has graciously agreed to share the 3rd update on...
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January 20, 2023
When can I stop worrying about managing my retirement corpus and leave a legacy?
A reader asks, ” At 45, notional gains from debt mutual funds (Liquid, ST, Gilt, Arbitrage) + divided (Usual suspects HDFC, ITC, HUL etc.) per year is about 18 lakhs. With a planned retirement expense of 9 lakhs pa, that is twice the pa requirement. Corpus for other goals is set side separately”. “I know...
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January 19, 2023
My withdrawal rate is 5% – what are my post-retirement investment options?
A reader asks, “I am aged 60 and have just retired. My total corpus is close to Rs. One Crore, but my monthly expenses are slightly over Rs. 40,000. This means my initial withdrawal rate = annual expenses divided by corpus is about 5%.” “This is higher than the “old” safe withdrawal rate estimate of...
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January 18, 2023
How to make affordable financial advice readily available in India
This article is an opinion piece on how to make affordable financial advice readily available in India. Financial advice here refers to financial advice without any conflict of interest. Or, in other words, fiduciary financial advice. That is advice that only has the best interests of the advice seeker in mind. Having been around this...
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January 17, 2023
Can I retire in the next 15 years?
Prakash is 35 and wishes to retire by 55. In this case study, we shall find out how he can plan for financial freedom in retirement. That is, we shall find out how Prakash can derive an inflation-protected income and be financially free after retirement. What is inflation-protected income? This is a retirement income that...
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