M. Pattabiraman's Blog, page 84
July 27, 2023
Freefincal’s Cost of Retirement Delay Tutorial available at SEBI Investor Education Portal
As reported earlier, SEBI has included nine freefincal calculators created by M. Pattabiraman in its investor education website. Ms Monika Halan, the SEBI Investor Protection Education Fund Advisory Committee chairperson, suggested including these tools, and the committee inaugurated them on 22nd Nov 2022. Tutorials for each tool will be made available in the coming weeks....
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July 26, 2023
How much do I need to retire in 2023?
A reader inquires, “As I approach my 50th birthday this year, I’m contemplating retirement. What steps should I take to determine the necessary retirement corpus for 2023? My yearly expenses amount to approximately Rs. 6.5 lakhs.” As mentioned in a recent article – I thought a pension was unnecessary, but age taught me a retirement planning...
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July 25, 2023
How much do dividends contribute to long term Sensex returns?
At freefincal, we have often used the Sensex price returns to portray risk via rolling lump sum and SIP returns. We have added 2% to the price return to account for dividends. This is because the price data starts from 1970 while the total returns data (that assumes dividends are reinvested without tax begins only...
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July 24, 2023
Debt and hybrid mutual fund screener (July 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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July 23, 2023
How should I exit a ULIP purchased by mistake?
A reader says, “Hello, sir- I have made the folly of investing in ULIPs. I have read enough articles from people like you, who I trust to know it was a mistake. What I want to understand is what do I do next? Should I wait till the five-year lock-in and then withdraw my capital?...
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July 22, 2023
Eight Unusual Ways to Save Tax in India – with Examples
Everyone desires to save tax, and Indian investors are particularly motivated by tax savings. Salaried individuals can reduce their tax liability by utilizing Section 80C, Section 80D, and Section 24 (for tax savings on home loan interest). Investing 50,000 annually in the NPS (National Pension Scheme) can also provide further tax benefits. These are the...
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July 21, 2023
My retirement plan to handle the harsh realities of the IT industry
In this edition of the reader story, we meet a 28-year-old who has created an elaborate retirement strategy to navigate the stormy waters of the IT industry. About this series: I am grateful to readers for sharing intimate details about their financial lives for the benefit of readers. Some of the previous editions are linked at...
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Let’s Get RICH With PATTU podcast is now available in nine different channels!
Let’s get rich with Pattu, produced by Ofspin is a weekly podcast on money management. We have completed eight episodes so far, and you can now listen to the show on nine different channels! Each episode will cover one aspect of money management – insurance, emergency funds, planning for retirement, financial independence and early retirement,...
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July 20, 2023
ETF tracking error screener July 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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July 19, 2023
Higher annuity rates of LIC Jeevan Akshay applicable from Feb 2023
Last year, while preparing a retirement planning illustration based on laddered annuities, we listed the annuity rates of LIC Jeevan Akshay – an immediate annuity plan. These are the revised and higher annuity rates applicable from Feb 28th 2023. Additional resources Use this annuity ladder calculator to plan for retirement with multiple pension streams How...
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