Sanriya blog
Everything we have written since the practice began: how the instruments work, what the forms mean, and the habits that make a plan hold. Newest first.
173 articles · page 1 of 15
Investing basics
Goal-based investing is easiest to understand with real numbers. One Pune family, four goals, and how each goal gets a date, a target, an asset mix and a monthly SIP that fits a real budget.
· 6 min read
Mutual funds
Two funds with different names can hold the same thirty companies. How overlap happens, how to measure it from a factsheet in ten minutes, how much is too much, and how to consolidate without a tax surprise.
· 5 min read
Mutual funds
A mutual fund portfolio review asks one question of every fund you hold: does it still have a job? Eight checks, in order, with what to look for and what to leave alone.
· 7 min read
PMS & AIF
SEBI's accredited investor framework lets investors who clear income or net worth tests go below the usual ₹1 crore AIF, ₹50 lakh PMS and ₹10 lakh SIF minimums. Here is how it works.
· 10 min read
PMS & AIF
Category I and II AIFs pass income to you with its character intact, with 10% TDS for residents; Category III AIFs pay tax at the fund level. How it works for FY 2026-27, with forms, losses and a worked example.
· 11 min read
PMS & AIF
Three SEBI-regulated routes to a long-short strategy compared: Category III AIF (₹1 crore, leverage up to two times NAV), SIF (₹10 lakh, unhedged shorts up to 25% of net assets) and PMS (₹50 lakh, your own shares).
· 11 min read
PMS & AIF
A step-by-step PMS due diligence checklist: verify the manager, read its track record against the APMI benchmark, and weigh strategy fit, concentration, churn, fees, exit terms and red flags.
· 10 min read
Specialized Investment Funds
A step-by-step guide to investing in a Specialized Investment Fund: who can invest, the ₹10 lakh PAN-level rule, KYC, SIP, STP and SWP limits, redemption windows, and what to track after allotment.
· 11 min read
PMS & AIF
SEBI's investor charter allows up to 7 working days to open a PMS account for resident individuals, and 14 for NRIs and non-individual clients, once documents are complete. Here is each step: KYC, the agreement and power of attorney, your PMS demat, funding, reports, withdrawals, exit load and exit.
· 10 min read
PMS & AIF
Close-ended AIFs cannot be judged like mutual funds. Learn what IRR, DPI, RVPI and TVPI measure, why early returns dip, and how SEBI's benchmarking and valuation rules help.
· 10 min read
PMS & AIF
What a PMS client pays: fixed and performance fees, the hurdle and high-water mark with a worked example, 18% GST, the 0.50% cap on operating expenses, SEBI exit load caps and how distributors are paid.
· 10 min read
PMS & AIF
A PMS holds shares in your own name, so every sale is a taxable event for you in that year. FY 2026-27 rates, dividends, advance tax, the fee debate, losses and the statements your chartered accountant needs.
· 10 min read
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