M. Pattabiraman's Blog, page 111
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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January 16, 2023
Index fund tracking error screener January 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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January 15, 2023
HDFC Long Duration Debt Fund: Who can invest?
HDFC Long Duration Debt Fund is an open-ended debt scheme investing in instruments such that the Macaulay Duration of the portfolio is greater than seven years. In other words, it is a fund that invests in fairly long-term bonds. Therefore only investors who can stay invested long-term should consider the fund. One reader asked if...
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January 14, 2023
Parag Parikh Flexi Cap Fund is the most popular direct plan equity MF
The AUM (asset under management) of mutual funds reported in most online portals is the AUM of the regular plan (commissions removed before NAV declaration) plus the AUM of the direct plan (no commissions). This article lists the most popular direct plan mutual funds. That is the ones with the largest AUM. Each quarter, the...
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January 13, 2023
Will fund houses close active ELSS funds and open passive ELSS funds?
In May 2022, SEBI allowed mutual funds to launch either an actively managed open-ended ELSS fund or a passively managed open-ended ELSS fund. In an amendment issued on Jan 10th 2023, SEBI has now allowed those fund houses with an existing active ELSS fund to launch passive ELSS funds. However, the existing active ELSS funds...
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January 12, 2023
Join the freefincal investor circle for exclusive benefits!
We are happy to announce the launch of the freefincal investor circle! This is an exclusive space for investors, advisors, fintech employees and students to access financial planning and insurance tools, mutual fund analysis tools, coding strategies and Excel macros for data extraction. The resources can be used for investment analysis, financial planning, financial advisory,...
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