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?
Quite a few readers have approached me to ask the best way to invest in direct plans of mutual funds schemes. I also wrote a post on direct plan platforms that are presently available (do not claim it to be a holistic list). Many want to know the best direct plan platform. Frankly, I do not know the answer myself. Read: List of Online Direct Plan Platforms in India Since most … [Read more...] about The Paranoia surrounding Online Mutual Fund Direct Plan Platforms
Now, you need to link your Aadhaar Card to your Mutual fund investments. Surely, there are multiple ways of doing this. You can submit physical forms along with your Aadhaar proof at Registrar & Transfer Agent offices (CAMS, Karvy etc). You can also submit forms at AMC offices. If such forms are not already available, then these forms will be made available in a few … [Read more...] about How to Link (update) your Aadhaar Number to Mutual Fund Investments Online?
There are two broad categories of mutual funds viz. Open ended mutual funds and Closed Ended Mutual Funds. What are Open-ended and Closed Ended Mutual Funds? In case of an open-ended mutual fund, you can enter and exit fund scheme whenever you want i.e. you can buy units from the fund house and sell the units back to the fund house whenever you want. All the popular mutual … [Read more...] about Avoid Fixed Maturity Plans (FMPs) in your Mutual Fund Portfolio
Last week, I came across an advertised from SBI Mutual Fund in ET Wealth where the AMC extolled the virtues of Systematic Withdrawal Plan (SWP) from an equity mutual fund. Through an illustration, SBI AMC tried to demonstrate how a SWP from an equity fund is a better choice than fixed deposit for regular income. One of the excerpts in the ad was “Traditional Saving … [Read more...] about How SBI Mutual Fund is misleading Investors through its Advertisements?
With mutual funds, you can take exposure to equity markets (both domestic and foreign), debt investments, gold and now even real estate and at the same time have your money managed by professional managers. You do not need big upfront amount to start investments. You can start small with even as low as Rs 500 per month. You do not need any special investment expertise. You can … [Read more...] about Why I prefer Mutual Funds over other investments?
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
One of the few things that I remember from induction training on the first day of my professional career many years back is a quote from a presenter that Expectation reduces Joy. From the perspective of a large software company, it was important to have employees with not too high expectations. However, even as an employee, it made a lot of sense. Your expectations about … [Read more...] about The Problem lies not with the Investment but with Investor Expectations
I have been getting many queries about the portals/websites/app investors should use to invest in direct plans of MF schemes. Good to see that the awareness about direct plans is increasing. And why not? It is foolish to invest in regular plans if you are a do-it-yourself investor. You are compromising on returns for no hint of advice. Now the question, How to invest in … [Read more...] about List of Online Mutual Fund Direct Plan Platforms in India (How to invest in Direct plans of Mutual Funds online?)