M. Pattabiraman's Blog, page 96

FAQ: Mahila Samman Savings Certificate, 2023

In this edition of the FAQ, we discuss the features of the Mahila Samman Savings Certificate, 2023, a new small savings scheme announced in Budget 2023 Who can invest? Women and minor girls via their guardians. Where can we open the Mahila Samman Savings Certificate account? At post offices or notified banks. What is the...

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Investing Rs. 1.5 lakhs in PPF before April 5th may not be healthy for your portfolio!

A large number of PPF investors tend to invest Rs. 1.5 Lakh between April 1st and April 5th in an attempt to “maximize” the interest advantages of PPF. Before you follow suit, take into consideration the following factors! This conversation is also relevant if you’re looking to optimize your PPF investments throughout the financial year....

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How ChatGPT can be a gamechanger in personal finance

ChatGPT (Chat Generative Pre-trained Transformer) is less than four months old, but it has already taken the world by storm. Microsoft’s Bing has, for the first time, got something that Google hasn’t (at the time of writing). AI-based tech startups are popping up like mushroom after rain: There’s an AI for that. It seems someone...

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Handpicked List of Mutual Funds Apr-Jun 2023 (PlumbLine)

These are the freefincal handpicked list of mutual funds for Apr-Jun 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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Can I invest in equity savings funds instead of debt funds from 1st April 2023?

With the change in the taxation of debt fund units purchased on or after 1st April 2023, the focus shifts on (1) the change in the investment mandate of certain existing schemes, (2) the launch of balanced hybrid funds (these can hold 40-60% equity) and (3) equity savings funds. In our coverage of this topic,...

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Additional benefit in new tax regime for those with net taxable income of Rs. 7.27 lakhs

An additional benefit in the new tax regime has been approved in the budget amendment to the finance bill 2023. We have modified our free New Tax Regime vs Old Tax Regime Calculator to reflect this change. Before the amendment, a person with a net taxable income of Rs. 7 lakhs paid no tax in...

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Should I invest a lump sum in debt mutual funds before 1st April 2023?

The govt has amended the financial bill 2023 to remove the LTCG taxation at 20% with indexation for mutual funds holding 35% of lower Indian equity. The gains from such funds will be taxed as per slab, regardless of the age of the unit. This rule applies to purchases made on or after 1st April...

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Can I invest a lump sum to increase my equity allocation in this market?

A YouTube viewer in response to our recent video – Do not stop or redeem your equity investments! Now is the best time to invest! – responded: “Thank you, Pattu Sir, I am continuing with my SIPs with 45:55 Allocation (Equity: Debt). So, is it ok to put a LumpSum at this time as my...

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New debt fund tax rule: How to change my investment strategy?

Several readers have asked us how their investment strategy should change due to the change in debt mutual fund taxation rule applicable from 1st April 2023 on fresh purchases.  This is our topic coverage with all the details: Debt mutual funds to be taxed as per slab from 1st April 2023! And Will SEBI help investors...

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Quant Dynamic Asset Allocation Fund becomes an equity fund after debt fund tax rule change

In our coverage of the change in debt mutual fund taxation rule from 1st April 2023, we have pointed out that several funds will modify their investment mandate. See: Debt mutual funds to be taxed as per slab from 1st April 2023! And Will SEBI help investors and AMCs tackle the debt fund taxation rule change? Freefincal investor...

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