Franklin India Ultra Short Bond Fund is Down!

Normally I do not write any mutual fund specific posts because I do not recommend specific funds. But in this case I will make an exception because many people I know have invested in Franklin India Ultra Short Bond Fund and are shocked to see it go down by 4.36% in one day! Yes even ultra short term debt funds go down. Most people forget or ignore the credit risk involved in debt funds. If you want absolute safety of investment go for liquid funds or overnight funds. Anyway, back to the point, I don’t have all the information at … Continue reading “Franklin India Ultra Short Bond Fund is Down!”

Should You Invest in Bharat Funds?

By now everyone must have heard about the PSU based ETFs, namely, Bharat 22 ETF and Bharat Bonds EFT. Should you invest in them because they carry the safety of investing in companies mostly owned by the government? That is the topic of today’s post, but I will be brief. Bharat 22 ETF First, lets start with the Bharat 22 fund because it is easier to come to a decision. Bharat 22 ETF was introduced as a divestment vehicle for the government. It is a fancy way of saying that the government wants to get rid of some of its … Continue reading “Should You Invest in Bharat Funds?”

Where is the Stock Market Heading?

While I don’t predict where the markets are headed, I sure do enjoy the news and commentary which do. Some headlines attract my attention when I am reading the daily news. I email myself those interesting articles which predict Sensex or Nifty to touch a certain level by a certain date. Then I snooze the email until that predicted data. If you didn’t already know, gmail has this nifty (no pun intended) little feature which allows an email to be dismissed from your Inbox only to magically reappear on a certain date. I use it quite a lot. So in … Continue reading “Where is the Stock Market Heading?”

My Early Investment Journey

While I am sitting comfortably today, writing about my journey to early retirement, the initial days of my investment years were not without their share of issues. Let me explain in a bit more detail. When I first started out, I had planned to do a SIP of a certain amount every month and planned on increasing it every year. The increase in SIP I planned at that time was to match up with the inflation rate. The thought process was that if I was just average at work then my salary increments will match up with the inflation for … Continue reading “My Early Investment Journey”

My Talk On Early Retirement

I gave a talk on Financial Planning for Early Retirement a few weeks ago at my previous work place. It was well received with more than 100 attendees. I was actually not planning to give a talk. I casually wanted to visit the old office and visit some folks over lunch. But they wanted a talk, so I had to quickly make some slides. Fortunately, most of what I wanted to say was already available on my blog. Made some slides based on my experience and blog and gave a talk on June 14, 2019. I enjoyed giving the talk … Continue reading “My Talk On Early Retirement”

How Much Should I Invest?

While having a conversation with one of my friends, it occurred to me that the current calculators are not sufficient to figure out how much to invest per month while increasing the SIP every year to meet your retirement goal. Lets say, you have an age in mind at which point you want to retire. And you want to know how much you should invest every month of every year until you reach your goal. Throw in a twist, which is that you want to increase your investment every year by some fixed percent. There is no calculator on this … Continue reading “How Much Should I Invest?”

Tax Deductions

As I am doing taxes for the recently concluded financial year, I am realizing how much of tax saving one would be forgoing once you retire :). Without income there is no more section 80C deductions, no more savings from interest paid towards home loan via section 24, no exemptions for HRA under section 80GG. These things only hit you once you retire. Of course I went into retirement knowing that, so nothing to worry, but you don’t realize these until you do your taxes. During your earning phase, every paycheck is a reminder for saving taxes and claiming as … Continue reading “Tax Deductions”

Am I Financially Ready To Retire?

Here is an alternative take on whether you are financially ready to retire. In this post, I want to help you determine if you are ready to quit with nothing but a simple calculator and just one formula. You don’t need to predict expenses, inflation, rate of return etc, and as such, this method is not as comprehensive as the How Soon Can I Retire calculator. So take it with a pinch of salt and use it more as an indicator of whether you are ready to retire or not. Also note that this is only to check if you … Continue reading “Am I Financially Ready To Retire?”

Funding Child’s Education Expenses

In the past, I wrote about how to fund children’s education expenses, but some of my readers felt that there should be a calculator to figure out education expenses. So naturally, I am obliged to fill the gap with this calculator. I would strongly urge you to read the previous post before using this calculator to understand the basics first. Lets get some shortcomings of the calculator out of the way before using it. First, note that this calculator does not assume you will retire early. It will just tell you a number which is how much your corpus should … Continue reading “Funding Child’s Education Expenses”

Form 15G and 15H

It is the start of the financial year and now is a good time to figure out if you need to submit form 15G or 15H. For most individuals, this probably does not apply, but it may be applicable for your parents or if you or your spouse have a nil tax liability. In this post, lets go over when, why, where, who and how one can submit form 15G/15H. Why submit Form 15 If you have large savings lying in your bank which accrues interest, or invested in Fixed Deposits (FDs), or have invested in other fixed income plans … Continue reading “Form 15G and 15H”