27 Aug 2014

Mutual Funds Part 6 - 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 - 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 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 :
https://incometaxindiaefiling.gov.in/

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 - 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.

16 Jul 2014

Mutual Funds Part 2 - How Do I Start Investing In Mutual Funds

Is mutual fund investing necessary? It is certainly not mandatory but it is one of the ways to generate inflation beating returns.I introduced mutual funds in Part 1 of the mutual fund series This article is not about how to choose a mutual fund but how to choose the medium to invest in a fund. These are the following ways to do it:

8 Jul 2014

Moving Your Pet To Another Country

Besides being involved in personal finance, I am an animal lover. I have lived a big chunk of my life in the U.S. I returned to India in 2013 and wanted to bring my cat from the U.S to India. I wrote an article about this. Check it out here.

30 Jun 2014

Mutual Funds Part 1 - Basics of Mutual Funds

What is a mutual fund?
A mutual fund is a fund that invests in holdings of different companies. This offers the benefit of diversification and is professionally managed. I often get emails asking me if one should invest in mutual funds. Here is what one should know before beginning to invest in mutual funds

10 Jun 2014

Education and Education Loan

We feel proud when our children study, do well and earn prestigious degrees. It is a feeling that is immeasurable and we encourage our little ones to strive for the best. The child should be at the top of the class, aim for high ranking colleges and universities and secure a job which pays a big fat salary. Earlier education costs were part of the budget but now it is a strain on the budget. A lot of students are now going in for an education loan. Is a loan worth it? Is it worth starting your first job with a big loan that you have to pay off?