COVID-19 has created a first big impact in the Debt mutual funds space. Franklin Templeton had announced a closure of 6 of its debt funds. The closed funds are below: Franklin India Low Duration Fund Franklin India Ultra Short Bond Fund Franklin India Short Term Income Plan Franklin India Credit Risk Fund Franklin India Dynamic […]
Franklin Templeton has closed 6 debt funds – all you need to know Read More »
What is the EMI Moratorium? RBI has offered a moratorium on all the loans such as Home loan, vehicle loan, credit card outstanding and all other loan repayments. Under this, you as a loan customer of bank can opt for not paying your EMI for a period of 3 months between 1st April 2020 and
Should I opt for the EMI moratorium? Read More »
My son who is 14 years old, broke his leg when he fell from his bicycle. He was in a lot of pain. I took him to the ortho doctor and got him a cast. When the doctor told that he cannot put any weight on the casted foot for 4 weeks, my son’s heart
How to deal with stock market volatililty? Read More »
As we approach the end of another financial year, many of you would be trying to find an investment that qualifies for 80C tax benefit upto 1.5 Lakhs. You may not have used ELSS mutual funds though they are the ones having the shortest lock-in period, due to fear of investing in a risky equity
ELSS mutual funds investment re-cycling Read More »
Why do you invest? To create wealth say some. To have more money say some others. To take care of retirement say another group. I too started to invest without knowing why I am investing. I too wanted to create wealth when I began to invest. However as I matured as an investor, I defined
Goal based planning and investing Read More »
What is DDT? Dividend given by a stock or a mutual fund is subjected to a tax called Dividend Distribution Tax (DDT). When a stock or a mutual fund declares a dividend, the DDT is paid by the company or the mutual fund house directly to the government. So in effect this payment is transparent
Budget 2020 DDT is removed. what does this mean for me? Read More »
The new tax slabs proposed by Finance minister today is lower than the earlier tax slabs. But there is a catch! You need to forego all the tax exemptions! The minister has said that the present tax regime has too many exemptions and deductions. Due to this, it has become the norm to engage a
Income tax new optional tax slabs Read More »
There was a write-up by the editor cum owner of a very popular website on Mutual funds. The writer has claimed that a retiree could invest his/her retirement corpus into balanced/Hybrid funds and withdraw 4% every year. The link to the write-up is here. This got me thinking to check out the validity of this
Can I invest retirement corpus into an Aggressive Hybrid fund and do a 4% withdrawal? Read More »
No. it is not good. It is like throwing your hard earnedmoney down the drain! Please read on to find out why it is not good. Term life insurance This is the cheapest insurance to cover the risk of loss ofincome for your dependents if something happens to you. You need to take theinsurance only
Since you have asked this question, I assume you do not have a pension. You will be receiving your PF, Gratuity etc. from your company and you have some amount of savings for your retirement. For retirement planning, there are several factors which you may need to consider. What will be the post retirement monthly
