Wise Wealth Advisors

D.Muthukrishnan (Muthu), Certified Financial Planner- Personal Financial Advisor

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Archive for the ‘Media’ Category

A question and my answer

Posted by Muthu on February 6, 2015

As you are aware, I’ve been contributing to ‘Nanyam Vikatan’ Q&A section for the last 8 years.

In the latest issue, one gentleman asked me the below question.

“I’m 48 years old. I want to start saving for my retirement which is another 10 years away. I can save Rs.10,000 a month for next 10 years and I need a corpus of Rs.75 lakhs at the time of retirement. Please guide me as to how I can reach this goal of Rs.75 lakhs.”

My answer to him was as follows:

“To build wealth, you need to invest in equity. The best way to do is through SIPs in diversified equity funds. If you do a SIP of 10K per month for next 120 months (10 years), at 18% annualised return, you would be able to accumulate a corpus of only Rs.33 lakhsIf you want Rs.75 lakhs in 10 years, you need to save Rs.22,300 every month.

If you can only save 10K per month, then you need to invest for 14 years to get a corpus of Rs.75 lakhs.

So you need to either increase the SIP amount or the investment tenure to achieve the retirement goal of Rs.75 lakhs.”

If you notice, by extending the investment tenure by 4 years, he is able to get 2.3 times more than what he would have accumulated in 10 years and achieve his goal. Whereas if he is particular that the corpus has to be achieved in 10 years, he needs to save 120% more than what he is capable of saving now.

In this case, he should find a way to work for 4 years after his retirement from the current job. Otherwise, even by his own calculations, it would be difficult to lead his post retirement life.

If he had started early, say even at the age of 38, the same 10K invested per month would give him Rs.2.34 crores at the retirement age. He can lead a post retirement life beyond his expectation.

People want substitute for time in investment. Compounding needs time to work and it is always back loaded (i.e.) major portion of wealth gets build up only in the later part of investing tenure.

Searching for higher returns in order to reduce the time required to build wealth may lead to taking unnecessary risks.

If someone is 30 years now and wants to retire at 60 with Rs.100 crores, at 18% annualised return, all he has to do is to save 70K per month.

If you think, Rs.100 crore would be small in 30 years, you are wrong. At 6% inflation, it is worth Rs.17 crores today. In other words, what Rs.17 crores can buy today, Rs.100 crores can buy the same thing 30 years down the line.

Time can compound even small amounts into big sum over a long period of time. If you are saving big amount, then imagine how much it would be worth if only you can give not less than 10 to 20 years for investment to work.

Posted in Basics, General, Media, SIP, Wealth | 18 Comments »

Wisely Speaking- 2

Posted by Muthu on October 19, 2011

I’ve contributed for the cover story on gold in the October’11 issue of ‘Gokulam Kadhir’. It is amusing to note that what I said and what I did not say; both have appeared as my contribution:-) Spoke to the journalist and suggested that differentiation be made between my inputs and that of his. 

There is propaganda going on that Gujarat is the best growing state in theIndia. No doubt that the state is doing well on economic indicators; but other better growth stories are simply not highlighted. 

Bihar is the fastest growing state in India at 14.5%. Next comes Tamilnadu at 11.74%.

If opposition wants to project development as an example without the baggage of religious intolerance; then Chhattisgarh fits the bill. It has been growing much better than Gujaratat at 11.57%. The state’s per capita income has increased by more than 50% the last 5 years. It along with Tamilnadu is ranked the best in PDS (Public Distribution System) with only 4% slippages. Raman Singh deserves lot more credit than Modi. The development in Chhattisgarh is an inclusive one and no segment of the population is kept out of the growth.

The most important things is Chhattisgarh has achieved the above despite strong Maoist insurgence.

As per the latest report the dollar millionaires (people who have investible surplus of around Rs.5 crore+, excluding primary residence) inIndiais around 1.5 lakhs. So roughly we can assume that there are 1.5 lakh households. The total number of households inIndiais 225 million. So 0.06% population of the country are only dollar millionaires.

There is another yardstick which is being increasingly used to define rich. These are households which own a primary residence and have a positive networth with investible surplus of $100,000 (around Rs.50 lakhs). By this criterion, we have 3 million households inIndia, 1.33% of population which can be classified as rich.

The interesting debate which was going on for the last few weeks is Rs.32/- per day as poverty line. Since I’ve already written a lot about fallacy of this poverty line, I don’t want to go through the same again. I’ve a suggestion for planning commission. Declare that anyone who owns a mobile phone connection is above poverty line.This means that more than 70% of the country is already above poverty line and in next few years there would not be any poor left in this country.

When Anna & team captured the imagination of the media on 24/7 basis; I wrote a satire on the same. Some wise counsel prevented me from publishing it as it would go against the ‘middle class’ mood. Sadly for this country, which tries to create a super human at every available opportunity; my thoughts are coming true.

Corruption like honesty can never be eliminated. Laws can be made and it can be kept in check. A most corruption nation like ours has tremendous scope of improvement; but definitely not on the lines suggested by Anna and his self righteous team. I read somewhere that saline water which normally costs around $1 is procured at $8 by Medicare in U.S.A. As a nation develops, corruption gets replaced by lobbying (i.e.) corruption becomes transparent and measurable:-) 

CLSA has mentioned that they expect equities in India to provide 14% annualized returns and real estate at 5%.

Talking about real estate, there are certain basic information one needs to be aware while looking at a flat. When a promoter offers a 2 BHK, 1000 square feet flat for sale @ say Rs.8000/- per sq.ft, you may end up actually occupying only 750 sq.ft.

What a promoter offers is a super built up area which includes common areas like lift, stairs, passages etc.

Built up area refer to the area you occupy including the walls.

Carpet area is the actual area you occupy in the flat. Carpet area means the area on which you can lay out a carpet, between wall to wall.

Roughly the carpet area is 75% of the super built area. The higher the proportion of carpet area; the better value for money you are getting. One of our clients who is promoting a project told me recently that the flats he would be offering would have 81% as carpet area.

Also many projects these days offers lot of amenities. Before you buy a flat, ask yourself whether you need these facilities. Because none of this comes free of cost and the monthly amount you need to pay for these would be a mini EMI.

I feel that going forward in metros and bigger cities, one bed room flat may become a norm.

For middle and upper middle class population, the price of a flat now is roughly ten times of their annual CTC. As a thumb rule, the price should not be more than 3 times of one’s annual income; a scenario which may be next to impossible in cities.

Considering the affordability, nuclear families, more migration into urban areas; one BHK would be a better investment both in terms of rental yield and easy saleability.

When we look at buying a stock, we look at its PE multiple; this means how many years of earnings (income) we are willing to pay today to acquire a share. Generally, higher the PE, the stock is considered expensive.

A similar comparison for a flat would be the rent. A Rs.1 crore flat in Adyar may fetch an annual rent of Rs.3 lakh today. This means the ‘Price to rent’ (PR multiple) is 33 times. As a thumb rule, any price which is more than 15 years rent is considered expensive.

In the above scenario, the rental yield works out to 3% per annum. A rental yield of 6% and above is considered as a good investment.

For people who are finding it difficult to service EMI due to higher interest rate, good news may come latest by March’12. RBI expects the inflation to settle around 7% by then. This is partly due to higher base effect. When inflation comes down, interest rate too would automatically come down.

Talking about interest rates; people who invest in MIPs need to remember that the suggested investment tenure is 5 years. The tenure is suggested keeping in mind the nature of interest cycle in our country. In 2008, when one of the MIP we suggested gave a negative return, a client was anxious even though he was very well made aware of the tenure of the product at the time of positioning it. The same fund has now given an annualized return of well above 15% during the last 3 years.

It is very easy to have conviction in good times and when results are immediate. To get good results, one needs to understand the nature of the investment and its tenure. Any mismatch in this is a sure recipe for disappointment.

In markets, patience, conviction and courage are supreme virtues than knowledge. As I always mention all information is not knowledge and all knowledge is not wisdom.

So when you invest in equity with a 10 year outlook, don’t keep looking at the monthly statement. Or rather look at the statement without emotionally reacting to the same. There is no point in measuring short term performance of a long term investment.  Neither the exaggerated return of the bull market nor the poor return of the bear market is an indicator of long term return.

If you ask me, the key to investing is discipline and patience.

People earn very poorly from markets because of emotional cycle of investing; buying at market highs and selling at market lows. This is because when markets are high, our confidence level is high and when markets are low, our fear is high.

Investing regularly and for long term acts as a hedge against this emotional cycle.

The monthly SIP book size of the industry is Rs.1300 crores with 6 million folios. Assuming an investor has atleast 2 folios, there should be around 3 million people in the country who should be investing regularly through SIPs. If this 3 million can have develop unwavering conviction and stay course for  next few years, the results itself would serve as a positive reinforcement that they are on the right path and bring more people (what is 3 million out of 300 million investible population?) into capital markets. A well developed and participative capital market is an essential ingredient for economic growth.

I heard a fund manager saying that as a country we save $2 billion a day and NRI remittances are $1 billion every week. Whereas the entire size of the equity funds in the country is only $40 billion; 20 days of our national savings??! I don’t know how he arrived at the above saving number. As our GDP is around $1.25 trillion, at 33% savings rate, we still save around $1.2 billion every day.

While we are saving more than a billion dollar a day, do you know what  U.S is doing? Busy borrowing more than $4 billion a day! 

When they say God bless the United States of America; they really mean it.

Posted in General, Media, Muthu's Musings, Wisely Speaking | 2 Comments »

Fear the fear

Posted by Muthu on October 1, 2011

In the recent issue of Nanayam Vikatan, made a contribution in an article as to what quantum of one’s income can be committed towards EMI.

Borrowing implies spending tomorrow’s income today. Tomorrow’s income is uncertain and unpredictable!

Fear, worry, caution, skepticism etc. are definitely required. It is very difficult to survive in the financial jungle in the absence of these qualities. Many are not even aware of the kind of pitfalls and predators that are around.

But I do see enormous amount of fear around as if it is Armageddon tomorrow.

What we are seeing across the western world is the result of reckless borrowing, spending beyond means, lack of financial prudence and an erroneous belief that printing money would automatically mitigate the above risks and serve as a magic wand for stimulating the economies.

The Fed Governor Ben Bernanke is also called as ‘Helicopter’ Ben because once he said some thing like that the easiest way to stimulate the economy and fight deflation is to throw money from helicopter.

When excess leveraging happens, it has to be followed by de-leveraging. Growth which was magnified due to leveraging may now lead to contraction. It is not that the U.S. and Europe is simply going to wither. They have to under go medium term pain, austerity, strong fiscal prudence so that they can consolidate and start growing again.

This cannot happen over night and may take years. U.S. has better demographic advantages to bounce back viz-a-viz certain sections of Europe.

In fact many U.S. companies are in better financial health than U.S. economy and their market is also not restricted to U.S.That’s why  legend like John Bogle says that one can expect annualized return of around 7% during the next decade by investing in U.S. stocks; remember 7% returns is very good when long term yields from U.S. treasury is abysmally low and Fed wants to keep it that way.

The core of the problem is that banks and financial institutions with blind central banks forgot the basics in pursuit of growth and return without remembering the four letter word – risk.

Growth at any cost is the thought process of a cancer cell. It ultimately kills.

Though we may think all these situations are new, if you read history, especially financial history, excesses, shrinking and moderation keeps happening time and time again. It’s an endless cycle.

In my opinion, a strong dose of philosophy and history would help us to be better investors than what we learn in colleges. Though I’ve studied MBA- Finance at IFMR (which is really a good institution) and has completed CFP certification, whatever I’ve understood so far about investing and personal finance is more from legends and history. My natural inclination for philosophy also helps!

Before proceeding further, I want to quote from what Warren Buffet wrote to his shareholders in 1994. The message is as relevant today:

“We will continue to ignore political and economic forecasts, which are an expensive distraction for many investors and businessmen. Thirty years ago, no one could have foreseen the huge expansion of the Vietnam War, wage and price controls, two oil shocks, the resignation of a president, the dissolution of the Soviet Union, a one-day drop in the Dow of 508 points, or treasury bill yields fluctuating between 2.8% and 17.4%.

But, surprise – none of these blockbuster events made the slightest dent in Ben Graham’s investment principles. Nor did they render unsound the negotiated purchases of fine businesses at sensible prices. Imagine the cost to us, then, if we had let a fear of unknowns cause us to defer or alter the deployment of capital. Indeed, we have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.

A different set of major shocks is sure to occur in the next 30 years. We will neither try to predict these nor to profit from them. If we can identify businesses similar to those we have purchased in the past, external surprises will have little effect on our long-term results.

Sentimentally, for short term, we are definitely coupled with world markets. Fundamentally, for long term, we are to a greater extent decoupled from rest of the world.

What western world is talking about their GDP growth for the next one decade, around 1% is actually a rounding off error as far as India is concerned. What I mean by rounding off error is the difference between various projections as to whether we will grow at 8% or 7% or 9%.

This year, due to monetary policy aimed at curtailing inflation even at the cost of growth, would marginally impact our overall growth. Inflation is the cruelest tax, especially on poor people and in my opinion RBI has done a good job (in the absence of any other tool) and everyone hopes the results would start showing before end of this financial year.

It took us nearly 60 years after independence to touch the GDP growth of $1 trillion. Whereas by 2020 this number is expected to increase by 4 to 5 times – a GDP of around $5 trillion.

The balance sheet size of banks inIndiais expected to increase by 10 times to touch $10 trillion in 2020.

When the economy grows at 8% or 9%, the nominal rate of growth would be 15% (assuming 6% inflation). When the broader economy itself grows at 15%, good businesses that are listed in stock markets would grow at a much better rate.

This is the kind of return that is possible in equity.

We can only work on our approach and attitude towards investing but can never control the markets. This need not disappoint you as prices tend to mirror the value in the long run.

Markets can test our patience, conviction and judgment to the hilt. But the reward is worth developing these traits.

The habit of investing regularly and for long term is capable of rewarding us extremely well. For any asset class, equity or debt or real estate, the time horizon of investment is extremely important for achieving the possible returns. If there is mismatch between the time horizon and the nature of asset; then it would be classic case of ‘sour grapes’.

Though it is difficult to predict; looks like flow of bad news may last for a while. Learn to de-link the investment process from the over flowing news. Bad news sells well and what sells would definitely be magnified.

There is a risk in every investment – equities, real estate, gold and debt.

Even safe investments carry the risk of erosion of capital due to inflation and taxes. Some one who is very rich can take this risk as even after the above erosion; the life style and financial goals can be met. Rest of us need to understand and take measured risks. The risk can be managed well if we stick to the time horizon for the investments chosen. Can risk be totally avoided? The answer is no. It can only be understood and managed.

There is a general belief  in India that real estate and gold are not subject to cycles and goes only in one direction.

How much ever one says, seeing and experiencing would only bring in belief. I think we would all be blessed with that belief some time in the current decade itself, especially in case of gold.

I repeat fear is good. It would ensure that we don’t stupid things with our money. Equally good are cousins of fear like caution, skepticism etc. Don’t fall prey to positive thinking messiahs and throw these traits into bin.

However when fear totally cripples you or derail you from the process of  well informed judgment and conviction; fear the fear.

Posted in General, Media, Muthu's Musings | Leave a Comment »

Weekend Jottings

Posted by Muthu on July 10, 2011

I was unable to write to you for last two weeks due to hectic pressure on personal front. 

I would like to thank once again for all the calls, emails and sms’es conveying your wishes and blessings for Vedanth. 

I go to my MIL’s house everyday and just keep observing Vedanth. Simply watching him for hours is a matter of joy. 

I’m pleased to inform you that ‘Business Standard’ interviewed me last week and posted some of my thoughts in one of their article. 

In between my last posting and this, ‘Nanayam Vikatan’ also published my contribution for two Q&As.

I’m thankful to all those in media who continue to provide me an opportunity.

I do not discriminate while choosing to work with clients. However I’m little wary of dealing with people from certain professions. Politics is definitely one such (is politics a business or profession? I would laugh if the answer is social work.). Even when I got a chance to meet politicians earlier, I’ve politely declined such opportunities. Politicians normally have a coterie around them who keep praising them to the skies. When one is used to hearing such praises every day, they start believing what they hear.

They demand that to be treated like kings (aren’t we living in a democracy?) and make you feel that it is your rare privilege to have come in contact with them.

Referred by a good friend and client of mine; I met a politician last week, who claims to have closer access to a very prominent politician. He said that he is very philosophical and very humble. I could sense what he said is not what he is. He did lot of name dropping (who’s who of the society) and the power he wields on various matters in his party. He said that sages like Ramana are split personalities and did not have the clarity he possesses. I’m least bothered about what he thinks of Ramana but there was no need for him to show his spiritual superiority and authority to a person who is visiting him for a professional purpose.

Though I met him to advice on his personal finance, I received lot of unsolicited advice right from my health to what meditation I should do. When one is powerful, he thinks he is an expert in all fields.

Also professional advice can be given to people who are receptive. Nothing much can be shared with those who claims to know everything.

Probably he expected me to praise him a lot; which I didn’t do. He may be the leader for his cadres or those who seek personal benefits and favours from his association. I don’t need any. All I expect is to have a client-advisor relationship.

Probably he expected me to keep following up with him to become his advisor. I wrote to him what my thoughts are and if he is willing to enter into a professional relationship like everyone else; he is most welcome. Otherwise, he would definitely find someone else who would admire his leadership and be thankful for the rare opportunity of becoming his advisor.

Interestingly even a retired middle class gentleman without benefits like pension makes it a point to pay my fees. The above politician said that he would pay me. So far he hasn’t. May be he would. Or is it difficult to receive money from this elite class? I’ve mentally written off the fees and I would consider as a bonus if I receive money from him. I’m thankful that I was not charged a fee for meeting him. Interesting personality!

We’ve been building our professions purely through referrals. In the initial years, even when clients were hard to come by, I was very clear that I would not make any cold calls and seek appointments. I’ve never made a single cold call till date. I’ve nothing against people making cold calls and acquire clients. It’s a perfectly legitimate way of marketing. It’s just that I wanted to follow referral model in building my profession.

I only make follow-up with my existing clients; that too only when they ask for or I feel the necessity in a given situation.

I’m not a courageous person by nature and can easily fall prey to fear and anxiety. So I some time wonder what gives me strength to hold on to my convictions both in personal and professional spheres.

Some time last year, a strong feeling entered into my thick skull. It is that everything in one’s life and in this world is pre-determined or happens according to the will of God. However despite meeting best of astrologers, one may not be able to know what is pre-determined. I think it would be always that way. Human mind or intelligence cannot conceive the workings of universe and the source behind it.

As we do not know and may never know what has been pre-determined, So I think I need to act what I consider appropriate in a given situation, at the same time keeping in the back of my mind what I do and the result of what I do is as per God’s will.

I’m not saying that my above thinking is the absolute truth. It may be a mere concept. Right or wrong, that is how I feel.

However this attitude is very helpful practically for a person like me with some negative personality traits like anxiety, easy irritability and at times being a short fuse.

This makes it relatively easier to handle ups and downs, which would always be there.

It is not that I don’t worry now. I do. But I don’t worry about my worry! I don’t compound my negative traits. They are there and I’m o.k. with it.

I enjoy working with my clients and I’m thankful to those who have chosen to work with us. I’m confident that people who see value in us would come to us and stay with us.

I deal with client’s money or situation as to how I would deal with my own or what I sincerely believe to be appropriate for the given situation. I think this is our core strength. I don’t know if this is my personality trait or the influence of Buffett or both.

I don’t want to say that I’m in this profession to help the society. I enjoy what I do and I’m thankful that I get paid for the same.

By end of this year, it would be 5 years since we’ve been in this profession. I was not from financial services industry and did not carry any existing relationships or database when I started on my own. Though I used to worry about future, still I was clear with the values with which I would run my profession.

I’m grateful to all of you who helped me survive and grow in this profession. This is a positive reinforcement that a referral model can also work well in this profession. Thanks to all those who had conviction to refer us to someone else.

We would never change our value system and compromise our approach.

The interesting thing I observe is that when one is ready to fail; even an anxious person like me gets confidence. Probably when one wants to be successful and is not ready to face failure; even a confident person can become very anxious!

Ten years ago, I never even imagined I would be doing what I’m doing now. I don’t know what I would be 10 years down the line. I’m no longer even bothered about it. All I can do is to trust life and take one step at a time.

Posted in Media, Weekend Jottings | Leave a Comment »


Posted by Muthu on May 12, 2011

My contribution to Q&A has appeared in the current issue of ‘Nanayam Vikatan’ as well.Thank you NV! 

Couple of weeks ago, while I was having a discussion with a client, we touched upon the need for a  comprehensive one stop portal for managing one’s entire personal finance like income, expenses, bank statements, credit cards, insurance, investments- shares, mutual funds, insurance, PF, Post Office etc., loans, EMIs….the whole gamut of our personal financial life.

He mentioned about Perfios. I’ve seen Google ads about this but never checked beyond that. What I heard from him about the portal was good and so I mentioned about it to few others as well.

As I always tell you, interacting with our clients is one of the sources of continuous learning for us.

I wrote to Perfios and requested them to share what they offer.

Mr.Aditya Prasad of Perfios was kind enough to provide a write-up for us.

I’ve given below the write up received from him (with some highlighting / editing).

For most of us, the free services itself would be very helpful and sufficient. For additional requirements, Rs.499/- a year is nominal. Platinum may be chosen, if you have a need for it.

I would suggest that you first experiment with the free services before considering upgrading it.  You may write to me your experiences which would be of use to others.

Let us listen to Mr.Aditya:

“ Perfios (PERsonal FInance One Stop) is a one-stop portal that provides a complete view of an individual’s financial status at any point in time, from anywhere – www.perfios.com

People having one or more investment and expense categories, today, have to monitor their cash flow and investment returns through mechanisms such as spreadsheets.

There is a need to provide an automated mechanism with very little manual intervention that will help monitor, manage, analyze and report all personal financial transactions for an individual. Once the individual configures all his investment and cash flow accounts, the solution should manage all these accounts on an ongoing basis with very little manual intervention.

This is where the Perfios solution fills the need.

One of the most important features of the solution is the automatic aggregation and reconciliation of all transactions for an individual across all Bank, Credit Card and investment (Mutual Funds, Shares, ULIPs, Bonds etc.) accounts.

Even for account types that do not provide any online access, a manual facility is provided so that a 360° view of the financial health of the individual can be presented any time.

The solution has the following key features:

1) You need only an email ID to create an account with Perfios for FREE.

2) Perfios does not ask for any personal information like name, phone number, address, PAN etc. None of these questions are ever asked. 

3) Perfios consolidates ALL account types (banks/ credit cards/ Mutual Funds/ Equity/ Insurance/ Loan/ PPF/ Bonds /Post Office Instruments/ Real Estate/ Gold etc.) to give a 360 degree view of one’s portfolio. 

4) Statement Upload – One can upload all types of statements which he receives from the financial institutions on a regular basis, Perfios would automatically update the user’s account with just a click of a button. 

5) Email ForwardOne can even simply forward such statement emails to his/her Perfios account and the system would automatically populate the user’s account with the data! 

6)  All of this done with very little manual intervention. 

7) It not only aggregates information automatically, but also auto-categorize the transactions so that one can perform variety of analytics on the aggregated data. 

8) Perfios works with some of the best names in the Data Security business to ensure highest level of security – VeriSign, TrustGuard andPaladion. 

9) Perfios does not store any of your credentials (ID/ Password) at its server. It his encrypted and stored in the user machine only. 

10) One website (single point) for you to access all financial data, across all institutions. 

11) In addition to accessing all the information from your PC, you can also use your mobile phone (Perfios Mobile) to perform all actions with the application. 

12) Sophisticated Analytics provides deep insights into your finances providing opportunities for more savings and less spending. 

13) Automated Reminders and Alerts notify individuals of the important payment, maturity dates etc – you never miss a payment! 

14) A comprehensive Reporting Framework enables you to generate various reports that can provide insights into your finances so that you can take quick corrective actions. 

15) As a single stop portal, the solution also provides a Secure Document Storage so that you can store all relevant financial documents such as past years IT returns, copies of PAN card, Form 16, interest/dividend statements etc. 

16) It is possible to manage the finances of one’s entire family using the solution and yet preserve the privacy of an individual’s accounts using the Shared Accounts feature. Using this feature, one can share on a selective basis the required accounts with other family members, one’s tax consultant, financial planner etc.  

Perfios is available in 3 Plans – FREE, Gold and Platinum Plans. 

The Free plan in itself is good for anyone to manage his money better. This plan includes unlimited number of account creations and links across all categories –

Banks, Credit Cards, Mutual Funds, Equity, and Insurance etc. Sharing of accounts, Creation of reports – slicing and dicing of data, email alerts and reminders, e-statement Upload, statement forwarding, account sharing – all in all a complete view of your entire portfolio.

 The Gold Plan, in addition to all the features in the free plan, has much higher limits for statement uploads, account sharing, Income Tax computation, SMS alerts and reminders, Income Tax reports generation, generation of all types of Income Expense/ Mutual Fund / Equity reports like Profit and Loss reports, Capital Gains reports, transactions and Holding reports etc [in any formats (pdf/ excel/ html)]

The platinum Plan has all these features with no restriction – UNLIMITED. Also have few intangible benefits like – Sneak preview of upcoming features, priority given to New feature request / support etc.

The details of the Plans from Perfios is mentioned here –


Posted in Basics, General, Media | Leave a Comment »