In this episode, Monika discusses Sebi’s recent announcement of a new mutual fund category for high-net-worth investors. This new category will allow for higher-risk, potentially higher-return products, with a minimum investment of Rs 10 lakh. It aims to expand investment options without increasing risk in the broader market. Monika highlights the current limitations in mutual fund categories and explains how this change will give more flexibility in investment strategies. She will update listeners as more details emerge, especially regarding costs and fees.

Next, Monika covers the new rules for transferring financial products like mutual funds, stocks, and listed bonds. Sebi now allows up to 10 nominees and has simplified the inheritance process for easier management by heirs and joint owners, particularly for elderly or incapacitated investors.

In listener queries, Dr. Prateek Srivastava faces a dilemma about taking over his mother’s home loan. Monika suggests exploring options like splitting the loan burden between siblings or selling the house to reduce the financial strain while ensuring a valid will is in place. She also advises Shilpa K to keep her emergency fund safe in a large commercial bank rather than chasing higher returns in small finance banks. Lastly, Namit Saxena, who holds 40 mutual fund folios, is encouraged to streamline his portfolio to 6-8 funds, using tax exemptions to rebalance over time.

Chapters:

(0:32 - 4:47) SEBI’s New Mutual Fund Category for Risk Takers  

(4:47 - 5:56) Capital Market Inheritance Made Easier  

(6:24 - 10:54) Managing a Home Loan Dilemma  

(10:57 - 12:28) Emergency Fund Safety in Small Finance Banks  

(12:30 - 14:08) Streamlining a Messy Mutual Fund Portfolio

https://www.sebi.gov.in/media-and-notifications/press-releases/sep-2024/sebi-board-meeting_87154.html

If you have financial questions that you’d like answers for, please email us at ⁠[email protected]⁠ 

Monika’s book on basic money management

www.monikahalan.com/lets-talk-money-english/⁠

Monika’s book on mutual funds

⁠www.monikahalan.com/lets-talk-mutual-funds/⁠

⁠-funds/⁠

Monika’s workbook on recording your financial life

⁠www.monikahalan.com/lets-talk-legacy/⁠

Calculators

⁠investor.sebi.gov.in/calculators/index.html⁠

You can find Monika on her social media @monikahalan. 

Twitter ⁠⁠@MonikaHalan⁠⁠

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