Growing up in a conservative middle class south India, I have often heard bad stories about people losing money in the stock market. “Their family was doing good, but then the father had heavy losses in the stock market,” was a common refrain. It was viewed akin to gambling. In general, any self-driven ventures were… Read More Can I stay free of risk while building wealth?
A number of personal finance blogs carry calculators which are based in Excel to evaluate portfolios and strategies. Millennials, on the other hand, go further and use coding in Python/R/qdb/whatnot and do fancier stuff to manage their finances. But is personal finance so hard and impossible to do without any computing? If yes, did no… Read More Forget Excel Calculators – only Math needed for personal finance
OK, so are you the mutual fund investor who likes to be “aggressive” – a word bandied around often in these circles? Which of the following portfolios do you like, given the annual returns? Assume the costs are the same. P1. Year 1 – 5%, Year 2 – 5%, Year 3 – 4%P2. Year 1… Read More Fancy a rough ride with stocks? Keep this in mind!
Are you buying ELSS to save tax this year? Our post highlights the downsides of these products and the risk involved. However, in case, you do want to go ahead with them, keep the following checklist in mind: Is the AMC reputable?: Go for known names in the Indian mutual fund space – Kotak, HDFC,… Read More Checklist of items when buying ELSS
In this post, we reviewed the basic features of ELSS. While these are good tax-saving instruments, these may or may not be appropriate for an individual under their circumstances. Should you buy an ELSS this year, or should you stick to other 80C savings and private mutual fund investments, and leave this option alone? We… Read More Should I necessarily buy ELSS to save tax?
Among the numerous options to chop off Rs. 1.5 lakhs from your taxable income through 80C, one of the better (in terms of ROI, hopefully!) ones is the ELSS. What exactly is this scheme? Basically, the government has authorized AMCs (asset management companies, or in layman’s terms, mutual fund houses) to create equity-backed funds (a… Read More Equity-Linked Saving Schemes (ELSS)
Bodhi 