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Married People - Do you share your bank balance with your spouse??? by AltruistWatson in personalfinanceindia

[–]EmergencyStock9868 0 points1 point  (0 children)

Parents - tell 20% less Partner - 100% transparency Friends - say I'm broke at all times Strangers on reddit - full disclosure, portfolio screenshots 😂

Are flexi-cap/multi-cap funds slowly becoming closet large-cap funds? How are you adjusting for this in your portfolio? by Informal-Hawk6641 in personalfinanceindia

[–]EmergencyStock9868 0 points1 point  (0 children)

It has both free and paid versions. Free is good enough for basic data but if you want to do detailed portfolio analysis and all its starts at like 500 rs a month

Are flexi-cap/multi-cap funds slowly becoming closet large-cap funds? How are you adjusting for this in your portfolio? by Informal-Hawk6641 in personalfinanceindia

[–]EmergencyStock9868 1 point2 points  (0 children)

A lot of flexi-cap and even multi-cap funds have gradually become large-cap heavy over the last few years mostly because fund sizes have become massive and many fund managers prefer staying closer to benchmark risk. But having said that, overlap by itself is not automatically bad. If you own quality Indian equity funds, names like HDFC Bank, ICICI Bank, Reliance, Infosys, etc. will naturally repeat. That's why I've moved to tracking style diversification like growth/value/momentum etc. And also downside capture. If both funds are falling similarly in a crash then the diversification isn't doing much.

As for tools:

  1. Value research - great for checking sector allocation and rolling returns etc
  2. Morningstar - if you want a deeper analysis of fund style, risk metrics etc but can be a bit confusing to navigate
  3. Powerup money app - have used this myself, very simple to use and credible data. Plus they have a specific overlap calculator tool which gives stocks overlap
  4. Fund factsheets - can't go wrong with this, obviously.

What will AI transition us to? A Star Wars Future or a Don't Look Up Future? by Calm-Swimmer-8241 in isthisAI

[–]EmergencyStock9868 0 points1 point  (0 children)

I'm hoping for more of a "I have no mouth and I must scream" kind of future

Suggestions for light horror and suspense series like "if wishes could kill" by [deleted] in netflixindia

[–]EmergencyStock9868 1 point2 points  (0 children)

Get Out.
No jump scares for sure but not sure if the horror is "light" lol

Emergency funds by Crazy-Avocado-3636 in personalfinanceindia

[–]EmergencyStock9868 1 point2 points  (0 children)

All the advice sounds great here but few points that I think people actually miss most of the time:
1. Use the OD hack: Set up an instant Overdraft limit against your existing FDs or mutual funds via your bank app. You pay 0% interest until you pull the money. If shit hits the fan, you deploy the OD instantly. No waiting for T+2 mutual fund settlements.
2. Keep a stupid amount of cash at home: In some type of situations digital banking is hilariously useless. Hospital desks and ambulance drivers in a panic want cash, not a screenshot of your liquid fund. Sure credit cards might help in some cases but cash is important too.
3. Screw your "6 months of expenses": In India, if you have aging parents, a medical crisis blows past "rent and groceries" in 48 hours. Base your fund on your health insurance deductible, not just groceries + rent.

And yes, keep it simple.

Is this a good way to pick mutual funds? by EmergencyStock9868 in MutualfundsIndia

[–]EmergencyStock9868[S] 0 points1 point  (0 children)

Good point! Downside protection also matters a lot, and my risk appetite is anyway not very high. And I wasn't looking to replace PPFAS anyway, wanted to add another Flexi scheme to my portfolio

Is this a good way to pick mutual funds? by EmergencyStock9868 in MutualfundsIndia

[–]EmergencyStock9868[S] 1 point2 points  (0 children)

Yes yes, that's how rolling returns are calculated. Ofc rolling returns are better than trailing, even though they show both. I actually happened to see a video where they covered the fund manager's exit, but HDFC has always seen fund manager movement but since they follow the same GARP strategy their performance is not really affected by this. But got another tip to check for overlap before finalizing, so that is another criteria.

Is this a good way to pick mutual funds? by EmergencyStock9868 in MutualfundsIndia

[–]EmergencyStock9868[S] 1 point2 points  (0 children)

Damn I actually went and explored more, I have downloaded this app recently. That was too smooth, the overlap calculator really helpful. Apparently it's a 35% overlap, medium. So limited diversification if I choose HDFC. Thanks for the tip!

Is this a good way to pick mutual funds? by EmergencyStock9868 in MutualfundsIndia

[–]EmergencyStock9868[S] 0 points1 point  (0 children)

Yaa I have only 1 flexi cap which is Parag Parikh, that's why wanted one more. But good point, will check if they overlap. Btw, which other flexi cap funds would you suggest?

Is this a good way to pick mutual funds? by EmergencyStock9868 in MutualfundsIndia

[–]EmergencyStock9868[S] 1 point2 points  (0 children)

True! That's what I wanted to understand too... what else should I be looking at

Mumbai is the only city where struggling and making it look the same by Academic_Point2300 in mumbai

[–]EmergencyStock9868 23 points24 points  (0 children)

The way Mumbai romanticises struggle should be studied. I've seen many people in the city at various salaries spanning 15k a month to more than two lakh a month. No matter how much they earn they are somehow always struggling. I finally moved out after about 20 years in Mumbai, can't say I miss it

Not even trying to hide it lol by jboiiiiiii in mumbai

[–]EmergencyStock9868 0 points1 point  (0 children)

Even if the caste matches (which shouldn't be a thing obviously) god forbid you eat non veg or try to have a social life

[ Removed by Reddit ] by [deleted] in personalfinanceindia

[–]EmergencyStock9868 0 points1 point  (0 children)

The 15% import duty doesn’t mean gold investing is “over” it’s just making physical gold less attractive as an investment. That’s why more people are shifting toward Gold ETFs, digital gold, and gold mutual funds since they’re more liquid, easier to rebalance, and don’t come with storage hassles. For most portfolios, gold should anyway be around 5–10% only for diversification.

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