A reader asks, “Our daughter is one month old. How should we start investing for her future?” Starting on a clean slate is always the best way to start. Let’s dive straight into the goal-planning steps. The goal-planning steps We need a target corpus after 17/18 years, depending on when she was born. That is... The post How should I start investing for my one-month old daughter? appeared first on freefincal ..read more

Recently, some media reports have claimed that the age limit on health insurance purchases has been removed. Is this true? If yes, will this benefit a large segment of the population? The IRDAI circular dated 20th March 2024, F. No. IRDAI/Reg/8/202/2024 (thanks to Kamlesh Rao for sharing it on the Facebook group Asan Ideas for... The post Can senior citizens now buy health insurance without age restrictions? appeared first on freefincal ..read more

A 30-year-old reader asks, “What MFs should I choose if I can invest Rs 1 Lakh a month?” Here are some model mutual fund portfolios for long-term goals (> 10 years away) independent of the amount to be invested. They are arranged in descending order of preference. We shall also mention relevant fixed-income options. Asset... The post What MFs should I choose if I can invest Rs 1 Lakh a month? appeared first on freefincal ..read more

This is a debt mutual fund screener for portfolio selection, tracking, and learning. It also includes hybrid funds that invest in bonds. It will satisfy investors who wish to invest in money market funds, banking PSU funds, etc. The credit quality of the bonds in the portfolio and the bond maturity profile can be tracked.... The post Debt and hybrid mutual fund screener (April 2024) for selection, tracking, learning appeared first on freefincal ..read more

A reader sent us the following message: “This article – Can I Achieve Financial Independence and Retire Early by 45? – it was, as always, a good read, like most of your articles. I have been a reader of freefincal for quite some time. My rant/question may be long, so please bear with me. I would... The post Can the average person attain financial independence? appeared first on freefincal ..read more

In this article, we discuss the idea of annuity laddering (also known as income laddering) and how it is helpful in retirement planning. Annuity/Income laddering generally means a series of cash flows that become available at different points in the future. Typically, bonds or fixed deposits are used for income laddering. A series of FDs... The post What is annuity laddering in retirement planning? appeared first on freefincal ..read more

This index fund screener is based on tracking error and returns difference wrt benchmarks (aka tracking difference). The screener will help users evaluate how efficiently an index fund has tracked its underlying benchmark. It will also help to understand how tracking a midcap index or the Nifty 100, 500 differs from tracking the Sensex or... The post Index fund tracking error screener April 2024 appeared first on freefincal ..read more

Have you ever pondered over how life insurance companies manage to settle substantial death claims? Let’s begin by delving into the fundamental concept of insurance and then transition to reinsurance. While reinsurance is a vast subject, I’ll provide an overview of its basic principles. About the author: Ajay Pruthi is a fee-only SEBI registered investment advisor.... The post How life insurance companies manage to settle large death claims appeared first on freefincal ..read more

A reader says, ” Can you please let me know funds with indexation benefits apart from Parag Parikh Dynamic asset allocation fund and  Edelweiss Multi Asset Allocation Fund excluding EquitySavings and Arbitrage?” A discussion. Let us begin with some context. Note: Tax rules change often. The rules mentioned here are valid as of April 2024... The post Which mutual funds are still taxed at 20% with indexation benefits? appeared first on freefincal ..read more

Last Updated on April 14, 2024 at 2:53 pm On Tamil New Year’s Day, we (freefincal and OfSpin Media Friends) are happy to launch the Tamil edition of the Let’s Get Rich With Pattu Podcast. Renowned podcaster and narrator Deepika Arun joins us as host. You can explore more of her work here: kadhaiosai.com and... The post Let’s Get Rich with Pattu Podcast Launched in Tamil! appeared first on freefincal ..read more