Finance

Mistakes You Should Avoid To Help Your Money Grow Through S I P

A Systematic Investment Plan allows investments (small amounts) at regular intervals to yield high returns over a long period of time. SIPs help you build your wealth gradually without hurting your financial commitments rather than just investing a lump sum amount. It has the power of averaging and compounding which makes it a smart investment option- There are some common mistakes investors make:-   Deciding huge amount for investing Investors make a mistake on not calculating their present and future financial capabilities before committing high investment amount. + What to do? Set a realistic amount for monthly SIP investments by evaluating your financial condition such as present and future salaries, expenses and contingencies. Investing for one year It is an extremely small durat...

How Do You Choose The Right Mutual Fund?

  Saving and Investment for future security is at most important for each and every individual. For several people, busy lifestyle and lack of proper information might create a problem in selecting the right investment product. Mutual funds help you to get out of this hindrance. Mutual funds provide skilled investment management for people at a reasonable value. Here are a few tips for selecting mutual funds: Fund house: You need to choose a fund house on which you’ve got enough faith to invest your money and not adjust in a scheme of your choice. Identify fund houses that have a powerful presence within the financial world and provide funds that have consistent record.   Achieve goals of investment: Investments are made in such a way that it makes sure your savings enhance your ...

Reasons Why Investing in Mutual Funds In Nothing Like Gambling

  Very often, we come across peers and friends who believe that investing in mutual funds is likely to be gambling. Let’s have a look on the differences between investing and gambling. TIME SENSITIVE: Gambling like betting over a sports match or a casino lasts only as long as the event does. You cannot recover your money you lost during the respected event. On other hand, investing is a long term process where you have chances of making profits over the years over your initial investment. DIVERSIFICATION: While in gambling, there is no such risk-mitigation strategies applied. Whereas, mutual funds’ investments help you diversify your money. RECOVERY: If at gambling you lose money with an unlucky hand, you lose all of it at once which has no recovery option. Whereas when mutual funds a...

Start Small and Grow Big

Dream Big, Start Small, Stay Focused and Keep Going Forward Ever thought of saving from your salary? Ever managed to do it? If not, here is a plan for you to develop the habit of saving and investment – SAVE INSURE INVEST !! Let’s start small – Rs.500 It is an amount you can save easily and get started with investing. Rs.500 is the minimum amount to start an SIP(systematic investment plan). Start investing Start investing in an SIP with a debt mutual fund as it let’s you withdraw the amount at a day’s notice and also provides better returns if the money is left dol in your savings account. Stay invested regularly Set a fixed date for an SIP every month so that you don’t end up spending money. Keep the process on for about 6 months to 1 year and later sta...

Inflation And Its Effects On Investments

A penny saved is a penny earned. But thanks to inflation, over time, the value of the penny saved could be much less than when it was earned. One cannot ignore the corrosive impact of rising prices on investments. Understanding inflation is crucial to investing because inflation can reduce the value of investment returns. Inflation affects all aspects of the economy, from consumer spending, business investment and employment rates to government programs, tax policies, and interest rates. WHAT IS INFLATION? Inflation is a sustained rise in overall price levels. Moderate inflation is associated with economic growth, while high inflation can signal an overheated economy. HOW DOES INFLATION AFFECT INVESTMENT RETURNS?  Inflation poses a “stealth” threat to investors because it chips away at rea...

Reasons Why You Should Start Planning For Your Personal Finance

Personal finance includes all the financial decisions and activities of an individual or household, including budgeting, insurance, mortgage planning, savings and retirement planning. It is basically application of principles of various monetary decisions of an individual or family unit. For planning your personal finance, you need to know what importance it plays in building wealth. UNDERSTANDING THE BASICS OF PERSONAL FINANCE: Balancing your checkbook, making of personal budget, investment techniques and creation of emergency funds, these all makes up your personal finance basics and you need it to master it all.  BANDING TOGETHER YOUR GOALS WITH YOUR PERSONAL FINANCE PLANS: Planning your finance in such a way that it collaborates with your goals. Personal financial planning is made out ...

How To Keep The Bull Market Healthy

A bull market is a financial market of a group of securities in which prices are rising or are expected to rise. The term “bull market” is most often used to refer to the stock market but can be applied to anything that is traded, such as bonds, currencies and commodities. A level and direction of interest rate are important to dedicate to healthy bull market low and a rising rates indicate the growth of the market and also states as to how good a market is high dollar as an “outlier” requiring close monitoring given its disruptive role in the commodity market crash in 2014 while believing that we are in a “Commodity super cycle bear market.” Profit being the pulse of the market is erratic and must be regained.  Avoiding small caps for 2 weeks and select...

Essential Tips To Save For Your Child’s Education!

In one’s life, the education of your child becomes of prime importance. All parents wish to accumulate the required money to fulfil the needs for the education of their child. Here are some essential tips or strategies you can take care of while planning for it – Begin increasing your SIP amounts with time and increase in your monthly income. For example, your target was 20 lakhs by the end of 10 years ,if your initial SIP amounted upto 5000 , a neat strategy could be to increase your SIP to 20% and you would be able to save more than the estimated within a stipulated period of time. If your child is a beginner and is just started school, you have good 12 years time, to save slowly. This would allow you to go up for high risk funds which will lead to higher returns in no time. Incase your ...

After Marriage Financial Planning – Investments And Other things to do!

Getting a job, then marriage, child birth, growing your child, and then finally moving towards retirement; this is the most important part of your life. To ensure smooth life and become financially secured we need smart financial planning. There are many changes required and listed below is the after marriage financial planning checklist for newly married couple Documentation Changes or Name Change After Marriage In many Indian families there is a ritual of changing women’s last name (surname) after marriage. If this applies to you then the first thing women should do post marriage is changing last name on all financial records. Change should also be made in the old address and must be replaced with the new one i.e. the place where you would be staying after marriage. Another important cha...

Few Things To Know About Financial Year End

What is financial year end? In India, the government’s financial year runs from 1 April to 31 March. It is abbreviated as FY17. Companies following the Indian Depositary Receipt (IDR) are given freedom to choose their financial year. For example, Standard Charterer’s IDR follows the UK calendar despite being listed in India. Companies following Indian fiscal year get to know their economical health on 31 March of every Indian financial or fiscal year. The current fiscal year was adopted by the colonial British government in 1867 to align India’s financial year with that of the British Empire. Prior to 1867, India followed a fiscal year that ran from 1 May to 30 April. A fiscal year (or financial year, or sometimes budget year) is the period used by governments for accounting an...

Retirement Planning – Not Something That You Defer

Retirement – will mostly happen someday or the other.  But have we done our work on that? Can we do anything to increase the retirement incomes & savings? Yes, we can!  No matter where we are on the road to retirement, we have three tools at our disposal:  Save More Increase your savings rate. Save more while you can. Keep increasing the savings basis your increase in income.  It will surely show you the results in the future.  Time Is Precious – Use It Wisely The new workforce generation may think they have a long time to save for retirement, but, as an old adage says “The early bird always catches the worm”, starting to save late wastes one of the most important assets, ie, time. Time helps investments do their work by compounding returns & growing the wealth. With changes in hea...

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