Debt mutual funds: Which ones to invest in?

debt mutual funds

In an earlier post, we built a winning equity mutual fund portfolio. This time we will look at debt mutual funds and see which ones can best deliver on your investment goals.

As I set out to select debt mutual funds, I realised this huge challenge staring at me. If selecting equity funds was like running a marathon, selecting debt mutual funds is akin to climbing Mount Everest.

Why?

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Investing to be a millionaire: What matters and what doesn’t?

millionaire

A young friend of mine just began his working career.

We met for lunch one day. One of his questions to me was, “Vipin, how can I be a millionaire? And I mean a dollar millionaire. How should I be investing to reach that goal?”

Hmm. It wasn’t the first time I heard a question like that. Who doesn’t want to be rich, a millionaire?

To answer my friend’s question, I ran some quick calculations. Now, he has set his goal to be a millionaire, that too a dollar one. For ease of understanding, a million dollars at the exchange rate of Rs. 66 to a dollar would mean about Rs. 6.6 crores.

Whoa! That needs some work. Let’s crack it. Here we go!

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Do you know these 5 smart tips for using credit cards?

credit cards

Recently, a friend called me. She sounded a little upset.

For the very first time, she had missed paying up her last credit card bill. This was very unusual given that she is very particular about paying her bills on time. But such things do happen once in a while.

Her question – “Vipin, I have received the current credit card statement. It has a late payment fee as well as an interest charge. What do I do now?

Well, don’t worry!” I responded.

This is not the only case related to use of credit cards. I have come across several others – most as first hand experiences.

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Do you know? – Direct Investing in mutual funds is super easy now

Direct plan investing in mutual funds

UPDATE A single platform for investing in direct plans of mutual funds – Unovest is now ready.

Create your FREE Account now.

Know more – FAQs.

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My problem with investing in mutual funds – is it yours too?

For most of us, investing in mutual funds is a big pain. First, you have to get through the ordeal of selecting the right few funds from amongst the hundreds on offer. Then, you have to actually make those transactions. For me, the latter is a bigger issue.

Talking of transactions, I am not a fan of paper. Not just for the sake of the environment but also for the inconvenience it creates. Too many forms, cheques, signatures, KYCs and what not.

Also, I want to route my investments directly to the mutual fund. In other words, I do not want to use a distributor. I will give the reasons in a while.

So, I have always been looking for a solution that makes it super easy and convenient to manage my mutual fund investments and allows me to transact easily. I am sure you too look for the same.

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Stock market crashes by 10,000 points – What will you do now?

stock market falling

What’s happening to the stock market?

The stock market indices world over are having a free fall.

The Indian barometer, Sensex, too has shed over 1600 points in just one day, which is a close to 6% drop in its value.

Why? Many pundits are busy deciphering the reasons but in this complex world, it would not be easy to find out what exactly has led to this.

In “Against the Gods – The Remarkable Story of Risk“, a book by Peter L. Bernstein, he mentions that a flutter of a butterfly can cause a typhoon halfway around the world.

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Investing in IPOs? Don’t make these mistakes.

investing in IPOs

Initial Public Offering or ‘IPO days are here again…Stocks list at premium’ is the prominent headline today in the business section of a newspaper.

I am afraid this is one more of those headlines, which can make small, retail investors believe that their chance to make some real quick money is back – that is by investing in IPOs.

It is one of the biggest fallacy of our times. I had my own encounter with this phenomenon. I I have made mistakes too. And I have learnt my lessons.

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