Franklin Debt Funds Payment Is Here

Finally after almost one year since the Franklin debacle, there is some good news. I received 50% of my investment in Franklin Ultra Short Term fund. That is a sizable chunk of money. I am sure I have never seen as much in my bank account — ever. While it is a sigh of relief, I never so much as doubted that there will be problem in repayment. My only worry was how long it would take for Franklin to repay given the court cases. For once this case moved faster than typical court case duration in India. Anyway I … Continue reading “Franklin Debt Funds Payment Is Here”

Franklin To Disburse Our Investment?

You probably remember the Franklin fiasco that happened some 9 months ago. All those who invested in the six wound up funds have their investments stuck for the past 9 months. While the funds were wound up they were still receiving interest income from the papers that it holds. Some papers matured while some others pre-paid the bonds. So overall Franklin has Rs. 14,391 Cr in income so far according to it’s latest report on Jan 29, 2021. Of this amount 4,621 Cr was used up to pay back its borrowings. The left over Rs. 9,770 Cr is available for … Continue reading “Franklin To Disburse Our Investment?”

Budget 2021 And How It Affects Me

Like last year, here is a quick overview of how the 2021 budget affects me. This is not an analysis or highlights of the budget. I am sure you can find many articles on those topics. This post is more specifically on how the budget affects my financial planning. To tell you the truth, there is nothing in the budget for me and that is a good thing! No news is good news isn’t it? Going into the budget speech many were worried if there will be additional cess and taxes to help government recoup revenue losses due to COVID-19. … Continue reading “Budget 2021 And How It Affects Me”

Change Habits For The New Year

It is almost the end of the year and it’s time to reflect back on 2020. What is the progress on your goals if you made any at the start of the year. Did the events during the year upset your plans? What impact did COVID have on you? Did you come out stronger? Learned something new that you never thought about earlier? Usually I reflect back around this time of the year and make note of my achievements and failures. The details of which will come out next year as usual in my year in review series. If you … Continue reading “Change Habits For The New Year”

Why I Buy Used Cars and Should You Too?

Every single car we have owned were used cars. And we bought 5 cars so far in our adult life. I am not here to argue whether buying a used car is better than a new car or vice-versa. It is just my opinion and I am sure the counter arguments are as strong. Here are some reasons why we went this route even before we went down the minimalism path. 1. Cost of a new car The biggest hurdle has always been the cost of a new car. I never liked the idea of taking a loan to buy … Continue reading “Why I Buy Used Cars and Should You Too?”

Maximize Investment Returns (While Taking On Some Risk)

With more powers come more responsibilities. Err… I meant to say, with more returns come more risks. Most new investors want to maximize their investment returns with minimal risk. But that is hardly possible. Instead, in this post I will talk about how you can increase your returns but buy taking more calculated risk. I say calculated risk because you will not take blind risk, but instead use a proper method to improve your chances of increasing your returns. There are no shortcuts in life. So more returns are only possible if you can put adequate effort to learn some … Continue reading “Maximize Investment Returns (While Taking On Some Risk)”

Sensex Touches New High!

Ok, I confess I am late to the party. But it seems like the Indian stock market is enjoying new highs every other day. Is this sustainable? Who know? Does anyone know why the stock market is touching new highs even as the economy has not recovered and many things are still unknown? No one knows. But that does not stop one from making wild guesses. The most common and obvious theory is that the market is buoyant on the news that a vaccine may soon come. I don’t know why that should be a good reason to hit new … Continue reading “Sensex Touches New High!”

Is It Better To Buy Or Rent A House?

There are already tons of articles about which is better — buy or rent. In this post I will give my perspective on this subject. The topic is about buying a house to live in as compared to renting a house. If you are looking to compare investing in real estate vs equity investment, you might want to read my other article. The problem with making this kind of comparison is that it depends on a lot of factors. Lets take an example to help understand. Buying a house Say you want to buy a house instead of renting. Lets … Continue reading “Is It Better To Buy Or Rent A House?”

Franklin Saga Drags On

Franklin has been in the news quite a bit due to the decision to wind-up six of its funds. After deciding to wind-up the funds the fund house was planning to get unit holder’s consent for disbursing cash from liquidated papers. However, some investors did not like the decision and started legal proceedings against the fund house. Unit holders filed cases in multiple High Courts. Now we all know how long courts take to pass judgement on just one case. Given there were multiple cases I was not very positive that something will happen any time soon. However, the Supreme … Continue reading “Franklin Saga Drags On”

Different Types of Investors

Let me start off with a story. So the other day a friend of mine called me up asking me to help him solve a plumbing problem. He probably thought I was good at plumbing because I have been working on rain water harvesting and drip irrigation. Anyway, he tells me that there is a tap that was constantly leaking water. He tightened it fully, but the water still leaks. Asks me if I have a fix for his problem. I started off by giving the best possible advice like any friend would give. I told him to find a … Continue reading “Different Types of Investors”