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A Mutual fund is a pool of money, which is collected from many investors and is invested in various types of securities by asset management company in line with investment objectives of investors.
Investor will earn Dividend and Earn Capital Gain or Incur Capital Loss. Mutual Fund is Indirect and Collective Investment, preferable for those who do not have adequate TIME and proper KNOWLEDGE & wish to fulfilled all FINANCIAL NEEDS.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Cash is one of your most important assets and should be managed efficiently to support your growth and financial strength.
All of us need cash to take care of our daily expenses groceries, provisions etc. as well as to deal with any medical emergencies. But at the same time, we dont want the cash to be lying idle or blocked. If you keep your cash idle, you are depriving your cash to earn for you. It would be smart to invest this cash in Mutual Funds, so that it earns you returns and is still available as and when you need it. Hence, invest in Ultra short Term Debt Fund as it is the best way to invest your cash and manage it smartly.
The ideal amount should be three to six monthly expenses to meet emergency needs of our family
We generally keep our money in a savings account so that you can withdraw it at any time and also enjoy some interest on it while its there. While a savings account is a good option to keep your money handy, the interest it earns does not even match up with inflation (the avg. inflation rate in the last 5 years was 6.29%!). A smarter option can be Mutual Fund Ultra short Term Debt Fund. It keeps your money easily accessible and also offers you the potential to earn more than the savings bank interest with safety and liquidity with tax efficient.
The investment objective of the Scheme is to generate steady and reasonable income, with low risk and high level of liquidity from a portfolio of money market securities and high quality debt
Benefits :
Principle :
High Capital Safety - Suitable for Short term to Medium Term for Low to Medium Risk
Suitable for : - Meet daily expenses, Seed Capital New Business, Life Style Improvemts, Any Social & Health Emergencies
LIQUID FUNDS : - Upto 91 Days
ULTRA SHORT TERM FUND : - For 3 to 6 Months
SBI Magnum Ultra Short Duration Fund
LOW DURATION DEBT FUND :- 6 TO 12 Months
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
In todays competitive and rapidly changing world, we face a lot of financial uncertainties. The employment and business opportunities that are available are constantly evolving, and may result in fluctuations in our income. In such a scenario, sensible investment in Mutual Funds can open up other sources of income, which would reduce our dependence on purely our salary or business profits and help us manage the financial uncertainty in our lives.
There are certain regular expenses you cant ignore. Paying pocket money to your kid is one such expense. One option is paying him from your current income. But isnt it difficult to keep track of it this way. Also you would like to make your kid financially more responsible. Here you may use a MIP (Monthly Income Plan), Systematic Withdrawal Plan , whose primary objective is to provide a regular income to the investor.
These products focus on declaring dividends very regularly, preferably every month. This way, they are able to provide a monthly income to investors. While its not mandatory for an MIP product to declare dividends every month, generally, investors do benefit from regular, monthly dividends. This makes MIPs a favoured Mutual Fund product category. Note that MIPs invest a majority of their invested corpus in secure instruments and a very small amount in equity; hence the returns are more or less stable
Benefits :
Principle :
Short Term Debt Fund :- [ REGULAR INCOME + CAPITAL GAIN ] - 1 to 3 Year – Conservative
Medium Term Fund :- [ REGULAR INCOME + CAPITAL GAIN ] - 3 to 5 Year – Moderate
SBI Magnum Medium Duration Fund
ICICI Prudential Medium Term Bond Fund
Corporate Bond Fund :- [ REGULAR INCOME + CAPITAL GAIN ] - 3 to 5 Year – Moderate
Conservative Hybrid Fund - Debt Oriented Fund :- [ REGULAR INCOME + CAPITAL GAIN ] - 3 Year Above & Conservative
ICICI Prudential Regular Savings Fund
DYNAMIC ALLOCATION FUND :- 3 YEAR ABOVE & MODERATE
ICICI Prudential Balanced Advantage Fund
NIPPON India Balanced Advantage Fund
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
The purpose of Wealth Creation is to make sure that every person has enough capital, the insufficiency of which may turn into the top-most limiting factor.
Saving, therefore, is a compulsion for capital formation. The latter (savings) may be seen from 2 sides:
Both will ensure that resources are actually used for productive purposes. At another level, savings can be viewed from 2 (two) angles:
However one thing is certain: to tackle the inflationary trend, earnings must go up simultaneously. This, of course, is easier said than done. The other way to boost your earning is when your savings earn a lot. To make sure that your savings do this magic, they need to be converted into investments. The habit of investments therefore needs an early beginning and the right balance of assets.
High inflation often impacts the savings of individuals. In view of the same, generating "market-linked" returns over a longer period of time is critical for meeting our goals. Mutual Fund schemes in this category are positioned with an objective to produce "market-linked" returns over a period of time. Invest into Equity Funds and Hybrid / Balanced Funds which are positioned to help you create wealth and generate returns.
Benefits :
Principle :
Long Term Capital Appreciation - Suitable for Long Term for High Risk Profile Investors
Large Cap Equity Funds :- 5 Year Above &Conservative
ICICI Prudential Bluechip Fund
Large & Mid Cap Equity Funds :- 5 Year Above &Moderate
KOTAK Equity Opportunities Fund
Multi Cap Equity Funds :- 5 Year Above & Aggressive
PGIM India Diversified Equity Fund
Mid Cap Equity Funds :- 7 Year Above &Very Aggressive
PGIM India Mid Cap Opportunities Fund
Small Cap Equity Funds :- 7 Year Above &Very Aggressive
Nippon India Small Cap Fund
INTERNATIONAL FUNDS :-
Benefits :
PGIM India Global Equity Opportunities Fund
PGIM India Emerging Market Equity Fund
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Tax services may seem like a tedious exercise requiring lot of efforts that may make an ordinary investor nervous at the first glance. Equity Linked Savings Scheme (ELSS) offers a simple way to get tax benefits and at the same time get an opportunity to gain from the potential of Indian equity markets.
Simply put, Equity Linked Saving Scheme is a type of diversified equity mutual fund which is qualified for tax exemption under section 80C of the Income Tax Act, and offers the twin-advantage of capital appreciation and tax benefits. It comes with a lock-in period of three years.
In recent Income Tax rules, we can invest upto Rs. 1.50 Lacs and take benefit of Income Tax Saving up to Rs. 46,350/- .
In equity mutual fund scheme, even Long term capital gain (holding period of more than one year) and Dividend received also TAX EFFICIENT.
Benefits :
Principle :
Long Term Capital Appreciation - Suitable for Tax Savings with Capital Appreciation
Equity Linked Tax Saving [ ELSS ] :- [ Tax Saving ]
ICICI Prudential Long Term Equity Fund (Tax Saving)
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
As human beings, there are hardly any stronger aspirations than providing the best of everything for your children. But for every dream to be realised, we have to cross the bridge of multiple realities. As a parent, the most obvious of the dream would be to plan for your children in such a way that all their future requirements are properly taken care of and there is no running around at the time when the actual requirement arises.
The purpose of Children’s Future Planning is to create a corpus for foreseeable expenditures such as those on higher education and wedding, and to provide for an adequate security cover during their growing years.
In current times signified by fast up and faster down economic cycles (a lot of uncertainty and volatility; food prices move up and down after a specific time period; the same is true of stock markets, prices of gold, copper, aluminium etc), it is very well possible that you, as parents, are caught on the wrong foot sooner rather than later. As the saying goes ‘Time and Tide waits for none”, very soon parents of young children would realise that they are looking at times when a particular need of their children is staring them in the face and they are found wanting in terms of how to tackle that need.
Two needs which need maximum attention and planning from parents (especially modern day parents) are higher education and marriage. Within no time, parents realise that their tiny tots have grown up and it’s time for them to decide future course of their life in terms of profession they want to take. Funding for your children’s education and wedding is one of the most valuable gifts you can give them and it is possible for you to do it in the most uncompromising way. Look at the figures below to get an idea of what could be the expenses like when you start to plan:
Currently the average cost of professional courses like Bachelors in Engineering in India in a Govt-funded college is around Rs 50,000 per year (this figure may differ from college to college and from one state to another). Add to that other expenses like tuition fees and miscellaneous expenses and the cost per year could very easily be around Rs 100,000. It could be upto Rs 2.5 Lakhs a year if the child stays away in another city for this education. 10 years down the line, this figure might well be Rs 5.5 lakhs per year due to inflation (considered at a reasonable 8% per year) and it could be about Rs 8.0 Lakhs per year 15 years later. If the college is private-funded, multiply the figure by 3-4 times, and if you are more ambitious and are looking at any of the world’s top universities, further multiply the figure by 2-3 times more!! And this is the cost of one year of education out of the 4-5 years’ total education.
The other event that assumes equal, if not more, importance is the wedding of your children. A back of the envelope calculation reveals that monetary requirement for wedding will certainly not be less than what you may need for higher education. In fact, a normal, dowry-less marriage for a daughter today would cost Rs 20 Lakhs while for the son too, it would be Rs 6 Lakhs. 10 years down the line, these figures become 43 lakhs and 13 lakhs respectively.
Don’t get scared by these numbers.The purpose of projecting these exorbitant numbers is not to scare you but to reinforce the point that once you start your family, the planning for your children has to start soon enough. With things changing at a rapid pace around us, these numbers are bound to move only in one direction, and that is, northwards. The overall figure may seem intimidating or out of reach at this stage but with careful planning, early savings along with realistic and practical investment approach, it doesn’t need to be that difficult to achieve.
Starting early and consistency in savings are the two key factors in achieving your childs successful future planning
Children Plans - Hybrid - Equity Oriented Fund : [ Children Future - Education & Marriage ]
Gold Fund :
Benefits :
Nippon India Gold Savings Fund
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Every person wants to live an independent life even after the retirement. If you too have this wish then retirement planning should be on your priority list. We are actually so busy in our daily lives that we forget to make plans for our retirement. A person should start planning for the retirement as early as possible. You should start planning for your retirement as soon as you earning. It is important that you keep your retirement planning on the priority list so that your dependent family does not suffer after your retirement.
It is important that a person does retirement planning as early as possible (/financial-tools-calculators/pension-calculator/). When you start your savings early then you are able to accumulate sufficient funds for your retirement. Let’s understand this with the help of an example: A person named A started saving when he was 30 years old and he used to save Rs. 7,500 every month. After 30 years when he will turn out to be 60 years old, he would have already accumulated Rs. 75 lakh (assumed a compounded annual growth of 8 percent). There is another person named B who started saving late at the age of 40 years then he was able to accumulate Rs. 30 lakh only for the retirement. Just because B was 10 years late he was not able to build a corpus like A. That is why it is important that you do retirement planning in your early days. The very first rule is that you should start saving as early as possible in order to accumulate sufficient funds. Some people who spend extravagantly find this rule hard. But for most of the people, it is one of the easiest rules. Life is very uncertain as you do not know what is going to happen next. If your family is dependent on you then your retirement and your illness can affect the financial stability in the family. So, you should do proper retirement planning once you start earning.
Check out some of the points that will make you believe that retirement planning is important:
You cannot predict what is going to happen next; you can just hope for the best. You cannot also ignore the uncertainties that may arise in the future. You may experience financial hardships in the future which makes a point to start with retirement planning at the earliest. Many people do not plan for their retirement then they realize it later when it is too late.
People are not able to fulfill their many dreams due to the shortage of time and responsibilities. People have a long list of places to explore and things to do and experience. Retirement is the best time to check off the bucket list. After retirement, you have a lot of time and you can freely explore many places and try new things as you do not have any tension of workplace. This is the best time as you can accomplish your goals with your retirement funds.
If your family is dependent on you then your retirement can affect them. On the other hand, if you will have sufficient retirement fund then you will be able to fulfill all the wishes of your family. Your family will be able to live a happy and good life.
Every person wants to be independent even after the retirement so that they can live their life happily with the freedom. Retirement planning would help you to be not a burden on your family to whom you love the most. If you will have sufficient funds for your retirement then you will become a responsibility on your child. No one wants to do that. With the sufficient funds than you can also help your family when they face a tough time.
If you want to gift something big to your family then your retirement funds can help you to do that. You may want to go on a vacation with your family after the retirement. You can easily fulfill this wish of yours with your funds. Your family would love this gift of yours as nothing could be better than this. You may also give a wonderful gift to your children or grandchildren. This token of love would ensure your children that you will be there for them no matter what.
You should do retirement planning as the average life expectancy is increasing than before. There was a time when the average life expectancy was low but the things have changed now. The average life expectancy is around 80 years nowadays. In order to live a longer life, people need more retirement funds. That is why it is important that you start retirement planning as early as possible. You will have more retirement funds if you would start saving early. That is why you should plan early so that you can have more retirement funds with you.
As you grow, it becomes hard for you to do some task as your stamina decreases. Many people say that they do not want to save for their retirement as they will work forever but it is no excuse for not doing retirement planning. If you will not have retirement funds then you may get stuck in your work forever plan. Retirement is the best time to enjoy the life as you get free from a lot burden and responsibilities. In the absence of retirement funds, you may not be able to live a good and healthy life.
Retirement Funds :- [ Comfort Retirement ] ( Tax Benefit US 80 C , Lock Period - 5 Years )
HDFC Retirement Savings Fund - Equity Plan
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
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