Posts in category "post-retirement" - page 16
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Franklin Ultra Partial Payment From Vodafone Segregated Fund
Yesterday afternoon I was reading in the news that Vodafone Idea has made interest repayments to mutual funds. I was wondering if Franklin will be returning something back to the investors. And as expected, I did receive an email from Franklin yesterday evening. The AMC will be returning 7.58% of units worth of money back to the investors. This is some good news in the ocean of bad news surrounding Franklin. If you don't want to read the post, you can check out the video at the end of the post.
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The Franklin Wind-up Saga
In a recent post, I mentioned that Franklin has started the e-voting process. Investors in the AMC's winding-up funds have started receiving emails about e-voting details and schedule. The email mentioned that the voting was supposed to happen between June 9 and 12. I was hoping that Franklin will be able to start paying some of the investors either in June or July soon after the e-voting. But it does not seem like that will happen. In a recent news, it is known that a petition was filed in Gujarat High Court (HC) against Franklin. The HC then stayed the Franklin's e-voting process.
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Update On Franklin Funds That Are Winding Up
It does not seem like the problems with Franklin are going to end anytime soon. They are in news everyday for some reason or the other. The first issue I can see is that the investors will not receive any money in May. The reason? Franklin has not yet started the voting process. And until that happens I don't think they can return anything to the investors. If you recall, I was hoping Franklin will return something in May.
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How Much Do I Make From Ads?
This is sort of a continuation of my previous post -- truth about my passive income. Over there I mentioned that I have recently started showing ads to offset some of the expenses of running the blog. And I promised a follow up post explaining the costs and how much I am earning from ads. So here it is. I will try to keep it short because it is probably not relevant for you.
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How Much Will I Get From Franklin Ultra Short Term
You have all read about the Franklin debacle regarding the closure of 6 Franklin India Debt Funds. Many have invested in those funds. Especially the Franklin India Ultra Short Term fund, lured by the excellent returns. I am also one of the investors in the ultra short term fund. And I have a significant portion of my debt portfolio in it. The fund came with a promise of "optimum balance between regular income and high liquidity". But now, it can neither generate regular income, nor does it have any liquidity at all. Talk about the irony :)
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Franklin Wind-up Situation
Franklin Templeton is winding up 6 yield oriented debt funds because of the liquidity situation that came about due to COVID-19. If you are invested in the following funds, you might have received an email from Franklin.
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The Truth About My Passive Income
Many people have been wondering and some were asking if I have any other passive income other than my investments in equity and debt mutual funds. Some think that I may have some real estate income or business income or some other income that I am not disclosing. Here is a post to bust some myths and bring out the truth.
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My Expenses Compared with MMM
Some of you might have heard of Mr. Money Mustache (MMM), who retired at the age of 30 in the US and is quite popular in the F.I.R.E world. I have always wanted to compare my expenses with him and see if I can be as good as him with my expenses. I always believe that there are some similarities when I compare myself with him (like workouts, DIY, minimalism etc). My expenses should also be similar then? You know that I have this habit of looking back at my expenses in the past year and write a post on it in the beginning of the new year. This year, MMM also posted his expenses on his blog, so it was easy for me to compare my expenses with his. So am I better at managing my expenses compared to him? Lets find out. The results may surprise you!
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Hundred Posts and Counting
I passed a wonderful milestone today. This is my 100th post on this blog. I did not realize that I was so close to this milestone. When I first started I did not have any intentions of doing it for the long term. It was supposed to be just an online dairy. I wanted to pen down my daily activities and thoughts so I can recollect the memories and rediscover the days gone by. But thanks to encouragement from friends and family it grew into a blog for helping others :)
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Tax Audit
I was recently audited by the Income Tax Department and thought that the whole faceless scrutiny process was interesting. So here is something about it. It seems like I was one of those people who got randomly selected for Limited Scrutiny (Computer Aided Scrutiny Selection). It was the government's way of testing out the e-Proceedings facility.
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