M. Pattabiraman's Blog, page 51
June 12, 2024
When and how to extend a PPF account
This article discusses how to handle PPF accounts that are about to mature. When and how to extend it and when not to. A PPF matures after 15 financial years from the FY of opening. For example, an account opened in FY 2000-01 (or before 31st March 2001) will mature on 1st April 2016. There...
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June 11, 2024
How Abhishek built a 20X FIRE corpus with a high savings rate
In this edition of the reader story, Abhishek shares his second audit with us. In Jan 2021, we learnt how he funded his marriage & is on track to financial freedom. In this follow-up, he presents an update on how he is halfway to FIRE (financial independence, retire early) by focusing on a high savings...
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June 10, 2024
Why I purchased Schengen travel insurance in Germany, not India
If you are travelling on a Schengen Visa, travel insurance is mandatory. In this article, Anoop shares his experience of buying Schengen travel insurance. Note: My limited understanding is that, in principle, it may be possible for Indian residents (without any sponsors in Europe) to buy Schegne insurance from European insurers, but it won’t be...
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June 9, 2024
Equity Mutual Fund Screener June 2024: Shortlist consistent performers
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...
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June 8, 2024
How to calculate LTCG with Grandfathering for equity shares that split – How to fill Schedule 112A
In this article, we discuss How to calculate LTCG with a Grandfathering clause for equity shares that underwent split and how to fill Schedule 112A. About the author: Manmohan Sethumadhavan is a freelancer, investor, and personal finance enthusiast “in search of the absolute truth.” You can follow Manu on Twitter @ManuTsr. I purchased 1000 Nos....
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June 7, 2024
10 Signs You Are Financially Ready For Parenthood
What is that one thing we married Indians cannot escape? No, the answer is not annoying big-nosed dur-ke-rishtedar always minding our business and never their own and not that mohalle wali aunty always peeking into our houses and eavesdropping for the weekly neighbourhood gossip! It’s the constant question of ‘ When are you having a...
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June 6, 2024
Can I use real estate as a passive income source after retirement?
Everyone instantly recognizes rental income as passive income – potentially the oldest one. There’s an irresistible allure to real estate, which naturally leads to inquiries about its potential use as a source of passive income, especially after retirement. We discussed how passive income is crucial to your retirement plan and how to build the ideal...
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June 5, 2024
Which debt mutual funds are suitable for short-term and long-term goals?
A reader wants to know, “Which debt mutual funds are suitable for short-term and long-term goals?” A discussion. A related question is whether debt funds are still relevant as there is no tax advantage compared to fixed deposits. Yes, debt funds are still relevant because they are necessary for rebalancing a portfolio. Also, unlike FDs,...
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June 4, 2024
Who should invest in Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund
In this article, we profile the Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund (Edelweiss Short Duration Index Fund for short) and discuss who should invest in it. Edelweiss Short Duration Index Fund is an open-ended debt Index Fund investing in the constituents of CRISIL IBX 50:50 Gilt Plus SDL Short Duration...
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June 3, 2024
Which stage of retirement planning are you in?
Retirement planning is a life-long exercise. Ideally, it lasts from when we draw our first salary/income to when we (or the surviving spouse) draw our last breath. During this journey, there are several stages. Each stage teaches us something new. Here are some of these stages. This could vary from person to person. This listing...
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