M. Pattabiraman's Blog, page 82
October 19, 2023
Index fund tracking error screener Oct 2023
This index fund screener is 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 differs from tracking the Sensex or...
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October 18, 2023
How to determine the right percentage of your salary to invest each month
Many young earners ask themselves, “What percentage of my salary should I invest monthly? Would 10% suffice, or should it be 20%?” They typically seek a quick and easy way to determine if they’re on the right path and to alleviate any guilt associated with their spending habits. Regrettably, this is one of several flawed...
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October 17, 2023
Are you ready for the great Indian retirement transformation?
The number of equity investors (stocks + mutual funds) in the last 5-7 years has increased dramatically. Most of these investors are young and have much to learn about market risk vs reward. Meanwhile, there is a silent transformation underway. More and more Indians are retiring in their 50s with higher and higher capital market-linked...
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October 16, 2023
Why Thematic/Sectoral Mutual Funds Are Not Worth Your Investment
There is no limit on the number of sectoral or thematic mutual funds an AMC can produce. So, they do just that! These have huge fees and are marketed as the next big theme to profit from. But how consistent are they in beating a large cap index like Nifty 100 TRI? Note: These are...
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October 15, 2023
ETF tracking error screener Oct 2023
This ETF screener is 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. Update: 76 ETFs are now covered. The tracking error is the ETF’s standard deviation minus index monthly return differences. The lower the tracking error,...
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October 14, 2023
Why the old pension scheme is unsustainable and the NPS essential
Many state and central government employees are against the national pension scheme (NPS) and want to restore the old pension scheme. Some state governments have also reverted to the old pension scheme. Unfortunately, this is financially unsustainable. Take, for instance, the DA announcement on Sept 28th 2022. “The additional financial implications on account of this...
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October 13, 2023
Freefincal’s Financial Health Check Tool Added To SEBI Investor Education Portal
A Financial Health Check Tool developed by M. Pattabiraman is now available at SEBI’s Investor Education Portal. A prototype was tested in Jan 2023 with members of the Facebook group Asan Ideas for Wealth, and their feedback was implemented. Later, the SEBI Investor Protection Education Fund Advisory Committee gave further feedback, and the tool has...
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October 12, 2023
Non-financial aspects of planning for our children’s future
In this article, we consider non-financial aspects of planning for our children’s future. We have already covered the basics of how to be financially ready for college expenses. We shall limit ourselves to “doing well” in school and college although there is ample overlap with all walks of life. Many people have the incorrect opinion...
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October 11, 2023
How to Check Income Tax Refund Status Online
Income tax filing might look like a tedious process. However, it brings a smile to your face when you see there is a refund due from the income tax department. So, after you file ITR, the wait starts, especially if the refund amount is a little more significant. In this article, we will learn how...
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October 10, 2023
Can I hold 5X expenses in cash bucket and the rest in equity after retirement?
Last Updated on October 11, 2023 at 8:31 am Recently, a reader shared his post-retirement investment strategy: Hold expenses for five years in a cash bucket (savings funds + liquid fund + money market funds + safe bank fixed deposits) at all times during retirement and invest the rest in equity! I do not share...
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