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 🙂 Most, if not … Continue reading “How Much Will I Get From Franklin Ultra Short Term”

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. First, lets address the elephant in the room which is on most people’s mind, — do I have multiple passive incomes? The answer is a clear and resounding no. I have one and only one source of income which … Continue reading “The Truth About My Passive Income”

Income Tax Reporting

While the name “income tax reporting” seems to suggest that you only need to report income, it is not really the case. It has been expanded to report investments that you already have, whether they gave you any income or not during the assessment year. After reading a comment on one of my blog posts I became aware of the fact that some people might be misinformed about what is supposed to be reported. Since I am not a tax adviser, I cannot tell what everyone should report, but I will go over what I have been reporting over the … Continue reading “Income Tax Reporting”