Sanjay Matai, The Wealth Architects

The Most Authentic Guide on Personal Finance and Investments


Words of Wisdom : "Be careful about reading health books. Some fine day you’ll die of a misprint." ~ Markus Herz

(Failed) Attempt To Categorize And Rationalize Mutual Funds

There are numerous types of mutual fund schemes, with no clear cut definition categorizing them. This makes it (extremely) difficult for the aam investors to make an informed choice.

With a view to resolve this problem, last week SEBI issued a circular on Categorization and Rationalization of Mutual Fund Schemes. The idea is to ensure that
a) different schemes launched by an AMC are clearly distinct in terms of asset allocation, investment strategy etc., and
b) there is uniformity in the characteristics of similar type of schemes launched by different AMCs.

Buy Sovereign Gold Bonds This Diwali (Series III Public Issue Opens Today)

The MANY benefits of buying paper or electronic gold over physical gold (especially jewellery), have often been discussed on this blog.

So, this Diwali make a change in your mode of purchasing gold — Forget jewellery. Switch to Sovereign Gold Bonds

To make it easy for you, the Reserve Bank of India has announced the third Public Issue of the Sovereign Gold Bonds for the Financial Year 2017-18... with multiple tranches.

Health insurance : Double benefit of Insurance and Tax Saving (Sec 80D Updated)

Don't forget to insure you and your family against medical related problems.

Such policies are highly economical as compared to the average cost of treatment. They will prove hugely beneficial in protecting your finances. It won't be wrong to say that health insurance equals wealth insurance.

Moreover, they come with tax benefit too. This benefit is in addition to the Rs.1.50 lakh limit under Sec 80C.

Post Office Small Savings Schemes Q3 Interest Rates (NOT) Revised

Last week, Ministry of Finance announced the interest rates on the Post Office Small Savings Schemes, applicable for the third quarter of the financial year 2017-18.

By now, you would surely be aware that, as per the present policy, interest rates on Small Savings Schemes are reset periodically on a quarterly basis.

As per the tweet by the Ministry of Finance on Sept 29th, interest rates for the period October to December 2017 REMAIN UNCHANGED.

Download your Employees Provident Fund (EPF) E-Passbook (Updated Sept 2017)

Once upon a time, you could know your EPF Account details only once a year when the EPF office gave a printed statement — many months after the completion of the Financial Year.

However, over the last few years, Employees Provident Fund Organisation (EPFO) has undergone a dramatic transformation.

In fact its metamorphosis, from an ugly caterpillar to a beautiful butterfly, is truly spectacular.

10 Lifestyle Habits You Never Realized Were Bad For Your Savings

Think about it. Are you spending more than 60% of your monthly income?

Then you should definitely read this article.

Most of us are always on a look out for fast and easy ways to cut down our expenses, and hold on to more cash. Fortunately, by just being more careful about your lifestyle expenses, you can drastically limit your outgoing. Well planned cutbacks can add anything from a few thousand to lakhs to your kitty. And it all starts with something as innocent as that daily Starbucks coffee habit.

Systematic Withdrawal From Mutual Funds Far Superior To Dividends

If your aim is to receive "regular income" from your debt mutual funds, you have two choices.

You can either choose the Dividend Option.

Or, you can automatically redeem part units every month, based on the regular inflow desired. (This process is known as Systematic Withdrawal Plan or SWP. It is the facility provided by MFs, wherein a pre-fixed amount is periodically returned to you, by selling your units at pre-decided intervals like weekly, monthly, quarterly, etc.)

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