tl;dr: Client reduces tax bill from 9 lakh to 30,000. With bond funds: Taxes only on realised gains Income is largely principal, not gains: lower realised gains >>> lower tax Inflation protection on realised gains: even lower tax The long version: We are helping a retiring CXO plan his retirement. The client has about 5 crore of investible capital. He has a simple…

S. is trying to make up her mind. She has a high-risk, illiquid investment that worries her. There is a small window of opportunity for her to sell this investment — at a profit, mind you. But that will mean giving up a potentially large upside down the road. The…

One of the frustrations of managing money is the need to review investments ever so often. Several clients ask me “Can’t I just invest in some good stocks and forget about it?” They are, no doubt, driven partly by the anecdotes of folks who bought a super-stock ages ago. …

Question: Embassy REIT (best REIT in India) owns high end office space in Bangalore, Mumbai, Delhi, Pune most space taken by IT companies , they hold offices even under lockdown so the company receives rent. The company will distribute about 6–7% yield dividends at today’s prices, about 310 a unit…

When we speak to clients about their money, they express various levels of fear: Unease. Dismay. Worry. Dread. Distress. Alarm. Panic. And these fears are not about one single thing. Money creates anxiety in various ways. “Is my money safe?” Some conversations are explicit about fear. Where is my money invested? Can it be…

My sons are teenagers now. But when they were younger, each year we would wait for the school year to end in March. And we would go off to Goa. For almost 10 years, we went every year — same resort, same destination, and even the same routine. Start with…

Sarika is in her late 30s. Single and with no plans to marry. She says she is clueless about money. She does not know how to invest it. She finds the financial markets confusing. She does not trust her banker, broker, or chartered accountant. …

The Bible tells the story of a rich man who goes away for a while. And leaves his money in the care of his servants. When the master returns, he asks his servants to account for the money he had left with them. Now two of the three servants had…

Grace Groner lived to a 100. She left behind $7 million dollars for the university she had studied at. If you think that is amazing, there is more. She was not born into wealth; she did not marry into it. And she did not have the kind of career usually…