SEBI mandated rationalization and categorization of mutual fund schemes in October 2017. With this rule, all the existing mutual fund schemes had to fit in one of the categories specified by SEBI. There was an additional rule of only one fund per category per AMC. This resulted in many existing MF schemes getting merged in a new scheme. From an investor’s perspective, this is … [Read more...] about How to calculate capital gains and returns? (After MF scheme mergers due to SEBI Categorization)
SEBI had initiated categorization and rationalization of mutual fund schemes vide its circular dated October 6, 2017. SEBI specified a few fund categories and mandated each fund house could have just one fund in each category. The aim was to reduce the number of funds and make life easier for investors by reducing confusion around scheme names. For more on SEBI categorization … [Read more...] about Different Types of Debt Mutual Funds (SEBI Categorization Rules)
There is a BIG difference between financial planning for retirement (accumulation phase) and financial planning during retirement (decumulation phase). Let’s look at what I mean. In this post, I will limit the discussion to investments. Financial Planning for Retirement (Accumulation Phase) During this phase, you are trying to accumulating funds for retirement. Quite … [Read more...] about Financial Planning For Retirement vs. Financial Planning During Retirement
The process of setting up SIPs at MF Utility just got simpler. MFU has introduced an online PayEezz registration feature “ePayEezz”. Not only can this feature do away with the need for physical forms but also reduce the registration time from a few weeks to a couple of days. What is PayEezz? PayEezz is one-time ECS/NACH mandate form that you give to MF Utility. With this … [Read more...] about MF Utility: How to set up PayEezz mandate online (ePayEezz feature)
We have already seen how to link your Aadhaar number to your Mutual fund investments. If you have not linked Aadhaar number to MF investments yet, you can go through this post and update your Aadhaar number in your MF investments within a few minutes. Read: How to link Aadhaar number to your MF investments? However, there is one problem. The linking does not happen … [Read more...] about How to check your Mutual Fund-Aadhaar Card linking status?
Budget 2018 introduced Dividend Distribution tax on dividend from equity mutual funds. In one of my earlier posts, I had highlighted how mutual fund houses are misguiding investors and convincing investors to invest in dividend plans of mutual fund schemes. Dividend schemes never made for a good choice in case of equity funds. In this post, we will look at the reasons. … [Read more...] about Do not invest in Dividend Schemes from Equity Mutual Funds
Budget 2018 proposed long-term capital gains tax on equity investments. The very next day, the insurance companies were out with advertising campaigns highlighting the tax advantage of ULIPs over mutual funds. Well, mutual funds and ULIPs compete for investor money. And it is not unfair on the part of insurance companies to highlight any demonstrable advantage that they may … [Read more...] about After tax on LTCG, are ULIPs better than Equity Mutual Funds?
Long-Term Capital Gains on sale on equity mutual funds and listed shares was proposed in Budget 2018. I have discussed the proposal in an earlier post. In this post, let’s look at the actual impact (in numbers) because of the introduction of tax on long-term capital gains. LTCG on sale of equity shares/equity mutual funds From FY2019, the long-term capital gains (holding … [Read more...] about Impact of Tax on Long Term Capital Gains on Returns: Explained with Examples
In October 2017, SEBI announced multiple mutual fund categories and announced that each fund house could have just one fund in each category of fund scheme. An important announcement: www.PersonalFinancePlan.in has been chosen as one of the Top 25 blogs for mutual fund blogs by FeedSpot, a RSS reader. Though such rankings shall always be taken with a pinch of salt, it is … [Read more...] about Categorization of Mutual Fund Schemes by SEBI
In an earlier post, I had shown how to purchase mutual funds units and create SIPs on MF Utility online portal. Once you have set up a SIP on MF Utility, it is possible that you may want to cancel the SIP for any reason. How do you do that? How to stop SIP on MF Utility website? Frankly, under MF Utility, the procedure for cancellation of SIP is quite confusing and is not … [Read more...] about How to stop SIP on MF Utility website?