SIP

Women and retirement

Many women are the primary breadwinner in their house but yet just a few are confident in their ability to fully retire with a lifestyle of their comfort. When it comes to retirement, women may even leave their future to chance. College: The reason behind difference is not lack of education or independence. In fact more than men, women go to colleges and graduate. So why are they away from taking charge of their long-term financial picture? It may be due to lack of confidence. Only a few women say that they are confident enough when they talk about money and finances with advisors and professionals. Women may step back from discussing about retirement as they feel that they shall appear uneducated or naïve and hence hesitates to ask questions. Facts of women and retirement- Women are almos...

Ever Heard Of This Investment Risk?

Investors are aware that investing in capital markets may present any number of risks such as Interest rate risks, company risk, market risk etc. Risk is not a separable companion for long-term growth. Some of the risks can be mitigated by the method of diversification. Also you may face another less known risk as an investor for which neither the market compensate you nor can it easily be reduced by diversification.  Yet it might be the biggest challenge to the sustainability of your retirement income. This risk is called the SEQUENCE OF RETURNS RISK. The uncertainty of the order of returns which an investor shall receive over a period of time refers to sequence of returns risk. “Never try to walk across a river just because it has an average depth of four feet”. For an example- say a mar...

How can Diversification Help you?

Diversification is an important mean to manage risk. But, it does not guarantee against a loss. The key is to identify investments that perform different under various market conditions. It will be diversified between bonds, stocks and cash alternatives. How diversification works For an instance, say a stock portfolio included a mechanics company, a car manufacturer and a diesel service firm. Here, even though the portfolio has spread risks it may not be considered as a good diversified portfolio as all of them are connected to one Mechanical industry. So, switch to different portfolios such as a mechanics company, a computer company and a drug manufacturer. The concept of diversification is one reason as to why mutual funds are so popular among the investors. Ways to diversify your invest...

Plan well for your Child’s Education

In earlier 90’s the fee for children’s education was in thousands and today it’s not the same. The fee structure for children’s education is so high that it could make you worry for your child’s educational future. Planning now for your child’s education can reduce the anxiety you will face when time comes to dish out the money. It would be your little ones dream to get educated in institutions of their choice & also pursue higher level degrees, but making sure they can afford the education is your job. Your planning shall be all according to the following things below-  Today, the fees is near to 2 lakhs for a B.com degree, above 10 lakhs for engineering etc. 10-15 years from now the educational fee will be much more higher. Let’s have a look on some approximate costs of a few of repu...

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...

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...

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...

This Holi, Add Right Colours To Your Wealth!

This Holi, Add Right Colours To Your Wealth And here comes the most awaited day of the year. It’s Holi! So, what plans do you have for celebrating this festival of colours? Are you ready with the set of different colours, sweets and other things that you would require to play Holi safely? Of course, you would be, as you waited for a complete year to celebrate this day. Holi is considered the festival that brings colours to the life. But do you know you can add those brightening and lovely colours to your investments as well? Let’s have a look which colours you can add to your .This Holi, don’t just add colour to your life. Take a step ahead and add some vibrant colours to your financial portfolio. Similarly, if we want our investment portfolio to paint a happy picture, we must give it a go...

Valentines Day Special

Valentine’s Day is probably celebrated almost everywhere in the world today. This is a day which is celebrated not only by couples but anyone who is in love , who has feelings , who cares and who has a rich bonding with anything and everything . It can be a bond shared between a dog and his master or a bond between a toy and a child . Love is also another name of care, because when we care we protect them , when we protect we invest time in them. So what are your plans for this Valentines Day? What has your girlfriend demanded this time? Oh! Your wife must be expecting a diamond ring isn’t it? Valentine’s Day is one of those golden opportunity days each year where a little effort goes a long way. So why not make these efforts from day one . Here are few tips to make this day a Hassel free ...

Avoid These Mistakes To Help Money Grow Through SIP

Consistency, Perseverance and Patience are the three main objectives of investing in mutual funds – growing money through SIP. Systematic Investment Plan – Investing small amounts on a regular basis i.e. every week or every month. Instead of investing a lump-sum amount one can opt for SIP as another way of investing their amount and build wealth gradually Most people think mutual fund investment is one-time activity which is a wrong notion. Usually mutual fund investment (SIP) are made with a long term purpose in mind. In most cases, investors choose fund on the basis of risk profile, returns and tenure requirement. Investors have to assess the details, else there is a great chance of losing the capital invested into market. Mistakes that the investors should avoid while doing ...

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