On 16 July, my auditor sent me a draft Indian tax return: a refund of Rs 3 lakhs. I gave ChatGPT my AIS, Form 26AS, bank statements, mutual fund statements, property papers, travel records, prior returns, and so on, told it not to look at the auditor’s draft, and asked it to calculate my tax independently. It calculated a refund of about Rs 2.8 lakhs, roughly Rs 20K lower. (Less money, but a smaller refund felt less worse than a larger tax.) ...
Find the best mutual funds to invest in over a 3-year horizon based on macro-economic factors. Research at the Indian and global macro-economic factors that affect such funds over a 3-year horizon. Based on this, give me criteria by which to screen such funds along with a rationale. Based on the above, evaluate funds that I can buy now. Screen the top 10 I should evaluate based on these criteria. Then, deep-dive into these based on the above criteria and rank order the top 3 I should buy. Explain in plain, simple, layman terms why you picked these as the top 3. Then, on the criteria based on which you picked these as the top 3, show a table comparing all (from which it should be obvious why these are the top three to pick.) Think hard and deep. Think about possible risks, black swans, second order effects, ancient/timeless wisdom. Share a thoughtful and clear response.
This month, I sold half my Indian equity mutual funds and was researching funds to invest in. I was looking for something safe & long term. As I was exploring 10-year Gilt Funds (mutual funds that invest in the Indian Government’s 10-year bond), I noticed that they had a pretty high yield – mostly over 10%. I took a closer look at ICICI Prudential’s Constant Maturity Gilt Fund. (They had the lowest expense ratio.) The annualized returns over the last 5 years were 10.77%, and it’s never fallen below 10% in the last 5 years. ...
Vice Fund is a mutual fund investing in vices. Tobacco companies, casinos, etc. I do hope it’s not a hoax. Such a nice idea…