M. Pattabiraman's Blog, page 87
June 28, 2023
Handpicked List of Mutual Funds Jul-Sep 2023 (PlumbLine)
These are the freefincal handpicked list of mutual funds for Jul-Sep 2023. New and old investors can use it according to their specific needs. The list is called “PlumbLine” and has been published since Sep 2017 for beginners to accompany the freefincal robo advisory tool. Most important! Plumbline is a mix of my opinions +...
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June 27, 2023
How to File ITR Online (FY 2022-23): A Comprehensive Guide
Filing an Income Tax Return (ITR) is a mandatory obligation for taxpayers in India. The online method of filing ITR has made the process more convenient and efficient. This comprehensive guide will provide step-by-step instructions on how to file ITR online for FY 2022-23 / AY 2023-24. About the author: Salma Sony is a SEBI Registered...
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June 26, 2023
What does 30X refer to in FIRE or retirement planning?
A reader says, “In many personal finance forums, I see comments like I have accumulated 25X or 30X for retirement. Many claim that 30X is when one becomes financially independent and even ready for early retirement (FIRE). Can you please write an article explaining what this 30X refers to and how it signifies financial independence?” What is...
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June 25, 2023
My Stock Portfolio Analysis: June 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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June 24, 2023
How to upload Equity MF/Share LTCG transactions in ITR2/ITR3 (Schedule 112A)
If you are salaried and have capital gains to report, you must file ITR2. If you are a business person or a professional with capital gains, you must file ITR3. This article discusses uploading Equity MF/Share LTCG transactions in ITR2/ITR3 (Schedule 112A). If you have equity or equity MF transactions purchased after 31st Jan 2018,...
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June 23, 2023
My Journey to a Ten Crore Portfolio
In this edition of the reader story, we meet Arun, who has most generously volunteered to share his investment journey with the DIY community. I say this because more people with his net worth are usually reticent and unwilling to open up. While sending the draft, he graciously said, ” I have nothing major to share...
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June 22, 2023
How to use MF capital gains statement for filing ITR2 and ITR3
Here are two examples of using mutual fund capital gains statements for LTCG and STCG entries in ITR. Please use this along with a step-by-step guide to enter MF and share capital gains in ITR2 (or ITR3) and How to Set off & Carry Forward Capital Losses in ITR2 and ITR3. Salaried taxpayers should use ITR2 if...
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June 21, 2023
Why are stock market graphs plotted in logarithmic scale?
A reader asks after looking at the Sensex chart in the article – Do not stop or redeem your equity investments! Now is the best time to invest! (also shown below), “Why did you draw the Sensex chart in logarithmic scale? What is the benefit of doing so?” Let us start with what a logarithm is....
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June 20, 2023
Can I use Sovereign Gold Bonds to diversify my portfolio?
A reader says, “The next trance of Sovereign Gold Bonds is now available for purchase. Can I buy these for portfolio diversification?” The short answer is: Don’t! In principle, gold can be used for diversification (that it is not of much use is another matter, see below), but the product should be liquid. We should...
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June 19, 2023
How to Set off & Carry Forward Capital Losses in ITR2 and ITR3
We recently published a Step-by-step guide to entering MF and share capital gains in ITR2 (or ITR3). Many readers wanted to know how to set off & carry forward capital losses in ITR2 and ITR3. So here is a quick guide. If you are new to entering capital gains and losses in the ITR utility, we...
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