21 Oct 2014

Shopping Spree...?

Today is the day that everybody wants to shop.. Today is Dhanteras, the day where Goddess Lakshmi is worshipped.

Confession - I did not buy anything!

Okay okay, I will not tell you to stop shopping. I know everybody wants to get a steal of a deal, buy a superb yet cheap blender, invest in gold coins, get the latest gadget, shop online and get cash back etc. etc.

Here is my suggestion - buy something you need or want and if you are just buying because you want to buy then skip the activity

We can all worship Goddess Lakshmi by saving or investing. Start a recurring deposit or a fund that you like. For more information, please read:

How Do I Start Investing In Mutual Funds?

Basics of Mutual Funds

I wish you all a happy and prosperous Diwali and Dhanteras. I hope that there is an abundance of health and wealth and avoidance of debt and loans in your life.

9 Oct 2014

Should I Record My Expenses?

YES! Please record your expenses. Why should you record your expenses? Here is the answer.

29 Sep 2014

What Percentage of My Income Should I Save?

Let us rephrase that question. What is the percentage of income that you should NOT be spending? 10%,  20%, 30% .....can it go as high as 50%?

17 Sep 2014

Mutual Funds Part 7/7 - Fixed Maturity Plan

What is a Fixed Maturity Plan? (FMP)
It is a fund where money is locked in for a period of time. Exiting it is next to impossible. It has given "fixed deposit like" returns in the past.

27 Aug 2014

Mutual Funds Part 6/7 - Gold Funds

If you believe in investing in gold, mutual funds offer gold funds. The value of these funds increases and decreases with the value of gold.

The funds are taxed like debt funds. Remember the taxation changed with budget 2014.

I have written all about it here

18 Aug 2014

Mutual Funds Part 5/7 - Taxation on Mutual Funds

After doing a few articles on mutual funds (Part 1Part 2Part 3, Part 4) the series would be incomplete if I did not discuss taxation on funds.

Taxation on Equity Funds

11 Aug 2014

Mutual Funds Part 4/7 - How Do I Choose A Fund

How does one choose a mutual fund? It involves looking at a lot of things. In the beginning it might seem like a wave of information, but over a period of time it becomes second nature.

First and foremost, any fund one chooses should be in line with your financial goals. If investing for the long term (at least 5 years; the longer, the better), choose an equity fund. If your goal is short term investing, choose a debt fund. Either way make sure that you take into account the taxation details. Also decide whether you want the dividend or growth option. Choose dividend, only if you need regular income. Ideally, choose a growth oriented fund.

Here is what I look at before making a decision about investing in a fund:

5 Aug 2014

Not Too Late To File Taxes

While writing an article and while reading other articles, I came across something that I really wanted to share. Here it is...

29 Jul 2014

Last Day To File Taxes - 31st July 2014

Hope people have been planning to file taxes! The last day to file taxes for fiscal year 2013-14 (which is the same as assessment year 2014-15) is 31st July 2014.

If your income is greater than 5 lakhs in a year, it is mandatory to file taxes online. There are a number of websites which offer this service. The government website is :

I hope most of you reading have already filed taxes. If not, here are a few humble reminders:

22 Jul 2014

Mutual Funds Part 3/7 - How To Build A Portfolio With Mutual Funds

This is the third article in the mutual fund series. Part 1 and Part 2 were about mutual fund basics and how to start investing in mutual funds. Today I am going to write about building a portfolio with mutual funds in it.