M. Pattabiraman's Blog, page 88
June 18, 2023
Debt and hybrid mutual fund screener (June 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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June 17, 2023
Why nothing compares to being prepared to face emergencies
The following is an anonymous post in the Facebook group Asan Ideas for Wealth (AIFW) reproduced here after its admin, Ashal Jauhari’s suggestion. “A real-life example to prove that there are only two kinds of people – those who have faced emergencies and those who have not. In the example below, this old friend –...
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June 16, 2023
Step-by-step guide to enter MF and share capital gains in ITR2 (or ITR3)
This step-by-step guide discusses entering capital gains from mutual funds or shares in ITR2 or ITR3 for AY 2023-2024 (FY 2022-2023). Salaried taxpayers must use ITR2 if they have any capital gains to declare. Businessmen and professionals must ITR3 for the same purpose. The capital gains schedule and filing procedures are identical in ITR2 and...
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June 15, 2023
Execution only platforms (EOPs) – what does it mean for the investor?
SEBI has created a new class of intermediaries called execution-only platforms (EOPs) for direct plan mutual funds. This will differentiate between an EOP and an RIA and provide clients with a clear grievance redressal mechanism. Those offering direct mutual fund investment portals are currently registered as investment advisors (RIA). SEBI defines an EOP as “Any...
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June 14, 2023
Index fund tracking error screener June 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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June 13, 2023
Who should submit Form 10-IE before filing ITR for AY 2023-2024?
Any individual with business or professional income should submit Form 10-IE to inform the IT dept if they wish to switch from the old tax regime to the new one on or before July 31st 2023, and only then file their income tax return. The date of submitting Form 10-IE and the acknowledgement number for...
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June 12, 2023
Want to rent out your property? Do it right to avoid legal troubles later!
If you have a property to rent out, here are some key considerations to ensure there are no legal issues with your tenant in future. The law provides several safeguards for both landlords and tenants. If the agreement between the two parties is not done right, legal hardships will result in loss of time and...
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June 11, 2023
ETF tracking error screener June 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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June 10, 2023
An introduction to debt mutual funds for new investors
In this article, SEBI registered fee-only advisor Swapnil Kendhe explains all the things related to debt mutual funds that retail investors should understand if they want to make informed decisions appropriate for their financial goals. About the author: Swapnil Kendhe is a SEBI Registered Investment Advisor and part of my list of fee-only financial planners. You...
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June 9, 2023
Should I switch from a Superannuation scheme to the NPS?
Many corporations are introducing an option to switch from their existing Superannuation scheme to the national pension scheme (NPS). Here is what you need to consider before deciding to switch. Many wrongly think that the NPS comes with additional employer contribution tax deductions. This is incorrect. Up to Rs. 7.5 lakhs of employer contribution in...
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