Financial & Regulatory Disclaimer

1. No advisory relationship, in any jurisdiction

This site is not registered with the Securities and Exchange Board of India (SEBI) as an investment adviser or as a research analyst, and it is not registered with the United States Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA) in any capacity. It is not a broker, a dealer, a distributor, a mortgage lender, a bank, an insurer, or a qualified accountant in any country.

Using this site does not create a fiduciary duty, an adviser relationship, or a client relationship of any sort. No output of any calculator is a recommendation to buy, sell, hold or borrow anything.

This states a fact about this site. It does not claim to satisfy what the rules of any jurisdiction require, and no regulatory review of this site has been carried out.

2. The calculators are country-specific. Using the wrong one gives a wrong answer.

The tools here are built for different countries, and a model built around one country's tax code, contribution limits or lending conventions will produce a confident, precise and entirely wrong number if applied to another. The arithmetic will not warn you.

• Built for India: PPF, NPS and Gratuity calculators, and the Indian side of the capital gains tax calculator. These assume Indian statutory rates, limits and scheme rules.
• Built for the United States: the 401(k) and pre-tax deduction calculator, the bi-weekly mortgage calculator, and the refinance break-even calculator, which assumes US closing costs and private mortgage insurance (PMI).
• United States and United Kingdom: the salary calculator.
• Country-neutral arithmetic: compound interest, CAGR and XIRR, rolling returns, NPV and IRR, bond valuation, and the debt payoff comparisons. The mathematics is the same everywhere; the tax treatment of the result is not.

Where a calculator names a country, use it only for that country. Where it does not, you remain responsible for applying your own jurisdiction's tax and regulatory treatment to whatever it produces.

3. Investment & market risks

Equities, mutual funds, exchange-traded funds (ETFs), fixed income securities and quantitative factor strategies are subject to significant capital market risks, including the potential loss of the principal invested.

• Past performance: historical returns, rolling CAGR distributions, backtests and quantitative alpha signals are not guarantees of future performance, and a backtest is not evidence that a strategy will work.
• Inflation and tax assumptions: realised post-tax returns may differ substantially with your marginal tax bracket, statutory changes and inflation.
• Rules change: tax rates, contribution limits, scheme conditions and regulatory thresholds are revised, in every jurisdiction covered here. A figure that was correct when it was computed may not be correct when you read it.

4. Lending, APR & amortization terms

Actual loan interest rates, annual percentage rates (APR), processing and closing fees, property taxes, mortgage insurance and amortization schedules offered by lenders vary with credit history (CIBIL in India, FICO in the United States), loan-to-value ratios, appraisal values and the lending rules of the country you are borrowing in. Any schedule produced here is an illustration, not an offer, a quotation, or a pre-approval.

5. Consult somebody licensed where you live

Before making a binding investment commitment or entering a credit agreement, consult a professional who is licensed in your own jurisdiction and can take account of your circumstances — a SEBI-registered investment adviser or a qualified chartered accountant in India; a registered investment adviser (RIA), a certified financial planner (CFP) or a certified public accountant (CPA) in the United States; and an appropriately authorised adviser elsewhere.

Questions about this site can be sent through the contact form.