M. Pattabiraman's Blog, page 97
March 23, 2023
Debt mutual funds to be taxed as per slab from 1st April 2023!
In a surprising move, the govt announced several amendments to the finance bill 2023. Among the changes is the change in taxation status for debt mutual funds. Taxation status from 1st April 2023 Funds holding 65% or more of Indian equity or Indian equity ETFs are equity funds (no change in this) Funds holdings less...
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Stock Portfolio Analysis: March 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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March 22, 2023
I started my journey in debt but now invest 50% of my salary for retirement
In Feb 2022, a 31-year-old reader named GB shared his financial journey: From 5 lakhs in debt to building a corpus worth six years in retirement. This is an updated audit. About this series: I am grateful to readers for sharing intimate details about their financial lives for the benefit of readers. Some of the...
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March 21, 2023
Why we need to stop criticising AI and accept it!
Before the end of 2023, AI will play a huge role in almost all spheres of life. At freefincal, we have been obsessed with creating a CHATGPT-based AI bot to answer reader questions. More about this is below. First, let us discuss why we need to stop criticising AI and accept it! Every time someone...
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March 20, 2023
Debt mutual fund screener (Mar 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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March 19, 2023
While rebalancing a portfolio should we also maintain weights of each mutual fund?
A reader asks, “I intend to follow a 50:50 portfolio bucket approach post my retirement for the retirement goal. The 50% equity part would be predominantly invested into a Large cap mutual fund. For the 50% debt part, I intend to break it up into a) liquid/money market funds that will cover the next five...
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March 18, 2023
How many mutual funds outperformed during this bear market?
A reader wants to know how many mutual funds have outperformed their benchmarks during the current bear market (or sideways market, if you will). So in this article, we look at the annualized return over the last 17 months from Oct 2021. Note: No part of this article or fund listing should be construed as...
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March 17, 2023
Which Midcap Index Fund should I choose?
After we reported that Only 3 out of 28 mid cap MFs consistently beat Nifty Midcap 150, many readers wished to include a mid cap index fund in their portfolio and wanted to know how to choose one. As regular readers may know, we have always maintained that the Nifty Next 50 is an excellent substitute...
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March 16, 2023
Index fund tracking error screener March 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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March 15, 2023
Do not stop or redeem your equity investments! Now is the best time to invest!
The equity market has gone nowhere since October 2021. However, if you are losing patience and thinking about stopping or redeeming your equity investments, don’t! Now is the best time to invest! Even if we buy into the (incorrect*) belief that “over the long term, the stock market will move up always”, equity investing is...
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