What’s the point of holding your mutual funds in demat mode and incurring charges? Not just that, the investments are in regular plans or commission oriented plans. Can you switch such mutual fund investments to direct plans? Let’s find out. A reader recently sent this query. I hold a number of MF in regular plans […]
What happened to HDFC Prudence Fund?
Do you know which is the largest single mutual fund scheme today in India? It is HDFC Prudence Fund with over Rs. 36,000 crores in assets under management. Popularly known as a balanced fund, the scheme is undergoing a surgery (literally). So, what is happening? In the ongoing drive for scheme rationalisation and recategorisation, HDFC […]
Frugality, financial freedom and facts – The misunderstanding
Talk of frugality and words like sparing, thrifty, prudent in spending start coming to mind. (source: Wikipedia) What does being frugal mean? What will make it really work? Well, for sure, not by acting poor! I can bet most people don’t understand frugality. Savings and thrift sound like ideas from the 18th century or before. This […]
Capital Gains Tax – All that you need to know in a single place
Starting April 2018, the scope of capital gains tax has increased. Even your direct stocks and mutual funds are now subject to long term capital gains tax. There was no long term capital gains tax till March 31, 2018. So, real estate, gold, bonds, debt funds, etc have always been subject to short and long […]
HDFC Top 200 is no more
Who doesn’t know HDFC Top 200 Fund? One of the formidable schemes of the mutual fund industry, it created enormous wealth for its investors. Only till now. I am sorry to let you know that the fund is no more. Yes, I know I am making a statement that will be true only in a […]
What can derail Mr Sharma’s retirement?
Mr Sharma is getting retired. His responsibilities are over, children are settled abroad with their jobs and families. He is happy that finally after working for so many years, he is going to spend some time in peace with his wife. Mr Sharma has total portfolio of Rs. 1 crores, which he thinks is enough […]
