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Choose the Right Type of Asset Based Mutual Fund
Mutual Funds are one of the most flexible and easy investment instruments, and slowly, more awareness regarding the same is being spread in India. Mutual fund advisor in Mumbai and investment advisors across the country are encouraging people to invest in different types of mutual funds, depending upon the investors’ requirements. Investing in varied kinds of mutual funds also helps an investor create a strong investment portfolio. Largely, any fund will invest in equities, debts or in a fair share of both to avoid maximum risk. But there are others as well in the asset class which we have listed down for your understanding, give it a look.
-Equity or Growth Funds
Equity funds are a predominant investment in stocks of companies that allow investors to participate in the stock market. Also known as Stock funds, these are one of the most popular investment options. Though these are comparatively high-risk funds, they also reap higher returns and benefits. Usually, they are used for wealth creation or capital appreciation. Investors looking to build their investment portfolio and are in their prime earning stage go for growth funds. These further can be categorized into 3 types: - Sector-specific funds, Index funds, and tax saving funds.
-Debt or Fixed Income Funds
As the name suggests, fixed-income funds invest in fixed income securities like bonds, treasury bills, securities, etc. This kind of investment matures after a fixed time and comes with a fixed return rate; it is perfect for passive investors who want to take minimum risk. Fixed income instruments such as Liquid Funds, Gilt Funds, Short-Term or Long-Term Plans, Monthly Income Plans all come with a regular income as well. But these are subject to credit risk.
-Hybrid Funds
Hybrid funds are a mixture of investment in stocks and bonds both. This way, one gets to have the best of both worlds – Growth Potential and Income Generation. The ratio can be either flexible or fixed as per the need. These are also known as Monthly Income Plans (MIPs) useful for retired professionals looking for a steady income but who are willing to take more risks.
-Money Market Funds
Just like investors invest in the stock market, investments also happen in the cash or capital market as well. This is done in association with banks, financial institutions, and others. These funds invest the money in liquid instruments like T-Bills, CPs, etc. where immediate but moderate returns are possible. Risks for such kind of investments involve interest or reinvestment risk.
No matter the size of the investment or the duration, mutual funds do come with a certain risk involved. So, it is better to consult a mutual fund advisor in Aurangabad or anywhere else in India before investing.
#mutual fund advisor in Pune#Mutual fund advisor in Mumbai#Mutual fund advisor Aurangabad#Mutual fund advisor#Mutual fund advisor Nagpur
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Know How Mutual Funds Work In India
Mutual funds are subject to market risk – This is the line that has been keeping many away from investing in mutual funds for the longest time. But long investments in mutual funds have proven to be nothing but profitable. Mutual funds are a variety of different investment schemes that bring together investors’ money. Then mutual fund advisor in Pune or everywhere across the country, also known as a fund manager, on behalf of investors, buy and sell securities and invest this money in financial instruments like bonds, stocks, etc. on the basis of their market analysis.
In mutual funds, investments are diversified so that even if an investor incurs a loss in one or two investments, he or she can cover it back through investments in other companies. Though this loss and profit game sounds complicated to laymen, it is managed by professional fund managers whose job is to end up giving profits to the investor in the longer run. Hence, it is best to give time to your mutual funds to reap benefits. When an investor buys a mutual fund of a company, he is in a way buying partial ownership of the fund. The more the buyer buys funds, the better the investment portfolio is built.
There are two ways to earn money through mutual funds. First, Capital Appreciation. The purpose of investment is to get profitable returns and, in this method, investment is made in securities that have higher or increasing growth potential. Net Asset Value or NAV depends on the stocks held by a mutual fund. When the stock prices of a mutual fund increases, the NAV too shoots up, giving the investor the benefit of better returns on his units. And so, to realize capital appreciation to the best, investors must redeem their mutual funds when the NAV is high. Second is Dividend Pay-out. Here, investments are made in companies that pay dividends directly to shareholders. Investors also have the option to not cash the money out and use it to reinvest in the fund.
After reading this, you must have realized that Mutual Funds are the right investment option, especially in the current economic status of India. For the same, you can find a mutual fund advisor in Nagpur, Pune, Mumbai, or anywhere in the country you deem comfortable and take advice from him. But the bottom line is, start investing as soon as possible in mutual funds.
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Money matters, financial planning, investments, all of this might seem like hefty work to many. While there are special professionals to help you with it but the question that lingers in many people’s minds is when exactly is the right time to hire a financial advisor. And to answer that for you, we have listed down a few reasons which might lead you to seek professional advice. You can look for a financial advisor in Pune or anywhere across the country for advice if you feel the need to.
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Know When is the Right Time to Hire a Financial Advisor
Money matters, financial planning, investments, all of this might seem like hefty work to many. While there are special professionals to help you with it but the question that lingers in many people’s minds is when exactly is the right time to hire a financial advisor. And to answer that for you, we have listed down a few reasons which might lead you to seek professional advice. You can look for a financial advisor in Pune or anywhere across the country for advice if you feel the need to.
-When You Don’t Want to Deal with Money
The primary reason people let others in their accounts is when people do not just want to deal with money or matters related to it, simply because they don’t understand investments or hate managing it. But why fret, when there are professionals who can take over your hassles and do it for you.
-When You’re Lost About What to do With Your Money
Well, there are many who are determined to make investments and do thoughtful savings but actually are unaware of how to go about it and want to know the roadmap to it. That’s when you can easily hire a financial advisor and take his help. When it comes to financial planning, many find the money spent for professional advice as a loss, or a waste of money, whereas, this can be termed as the most crucial investment before making actual investments in the stock market.
-When You’re Looking for Second Opinions
Nobody wants to waste their hard-earned money in reckless investments that do not promise returns. But there are two kinds of investors. One, the know-it-alls, who believe that paying someone else for investment planning is reducing their eventual returns and the second, who think that they’re experienced enough to make the investment themselves. They’re too proud to take help. But the truth is, no matter how much you know or how experienced you are, competing with the professionals who do this day in and day out is quite difficult. So, it is always better for third party opinions from impartial and unbiased people.
If your financial advisor has helped you dodge one bad investment a year, consider it as earnings. You can hire a Mutual fund advisor in Aurangabad, Pune, Mumbai, or anywhere else in the country and make a worthwhile investment in planning your financial future.
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There are several financial consultants in Mumbai and across the country whom you can reach out to for advice. However, before that, you can take the help of some below mentioned financial planning tips for beginners as well.
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Easy Financial Planning Tips for Beginners
Whenever something related to finance comes up, we instantly refer to it as boring or complicated. However, financial planning, if understood, is not as complicated as it seems to many, especially those who are not from the finance background. One just needs to give it some time. There are several financial consultants in Mumbai and across the country whom you can reach out to for advice. However, before that, you can take the help of some below mentioned financial planning tips for beginners as well.
Money Management
The first and foremost step towards financial planning is making a commitment to save. Saving money is highly underrated. A fair amount of savings every month can actually make you rich and it can also help you avoid debt traps. In urgent need of money, you can use this accumulated wealth.
Though it is as simple as collecting money in a piggy bank, it is advisable to not do that anymore. Instead, use the services of an actual bank if you want your money to grow and earn interest.
Decide beforehand on a certain percentage of your salary that you want to save and stick to that commitment. Once you’re comfortable saving, you can start investing in mutual funds, FDs, and other investment instruments.
Beware of the EMI Trap
In recent years, banks have started Easy Monthly Instalment (EMI) plans on almost everything which feels appealing to the kind of lifestyle we live today but is a kind of debt trap that is best avoided.
One must be very careful about their total expenditure on EMIs because spending more than 30% of your income on EMIs can be very alarming. These easy instalment schemes lure customers into buying things they don’t need which might affect their budget adversely. The only EMIs one can freely indulge in are home and car loans.
Monitor Your Investments Regularly
The one mistake many new investors make is not monitoring their investments. Creating an investment portfolio could become a futile exercise if they are not monitored at regular intervals. This serves as one of the most crucial steps after investing because this gives the investor a chance to take corrective measures if need be.
Don’t Ignore Taxes
The word ‘Tax’ scares people but the truth is you should not push taxes away. No matter what, never ignore it. If you start looking at taxes like an increase in gains rather than a reduction, then you can understand it better. Instead of waiting for the year to end to pay income tax, plan it at the beginning of the year itself and if possible, pay in advance. This way, you can get an income tax refund in case of any extra payment and also earn interest on it.
If you are still confused about where to begin, consult a financial planner in Pune or any other city in the country. Financial consultants can guide you better, depending on your requirements.
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Financial Independence and security do not necessarily come from earning and saving but also by investing in the right instruments which can be made with the help of a financial advisor in Mumbai or in any other part of the country. But in India, when it comes to investment planning, people are inclined towards bank deposits, insurance, etc.
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Myths About Mutual Funds Debunked
In today’s fast-paced life, with an increasing rate of inflation and job uncertainties, financial or investment planning has become an important wheel that helps drive our otherwise financially complex lives smoothly. Financial Independence and security do not necessarily come from earning and saving but also by investing in the right instruments which can be made with the help of a financial advisor in Mumbai or in any other part of the country. But in India, when it comes to investment planning, people are inclined towards bank deposits, insurance, etc. Other financial instruments like mutual funds are often overlooked primarily because of a lack of awareness and the presence of several myths surrounding mutual funds. Here are the few myths about mutual funds that need to be busted right away.
-Large Amount is a Must for Mutual Fund Investments
One of the most common myths among investors regarding mutual funds is that a large amount is to be invested to get meaningful returns, but that is not true. The quantity of investment doesn’t really matter. In fact, there are several schemes like SIPs where you can invest as small an amount as Rs. 500 monthly.
-High-Rated Schemes Give Higher Returns
Several schemes or funds are rated by credit agencies based on their previous performances, but that in no way is a determinant of how the fund would perform in the future. A high rate of a scheme means that it has been giving good returns to the investors in the past. Future returns can’t be predicted by ratings. A well-performing and high rated fund too can underperform in the future.
-Need to be a Mutual Fund Expert to Invest
As mentioned above, many people give one excuse for not investing in Mutual Funds either they don’t know much about it or they don’t understand it. But actually, it is a misconception that one needs to be an expert in something before investing in it. Investing in MFs is the best way out for people who have a hard time understanding investments, as these are managed, especially by professionals who do all the work for you. They research, examine risk, buy, and sell mutual fund schemes according to your investment goals.
-Mutual Funds Are Only for Long-Term
No, Mutual Funds are not only for long term investments. There are several schemes in the market which support short-term investments. The duration can be as short as a few weeks or even a few days. This totally is dependant on what your investment horizon and objectives are.
If these are the myths that have kept you away from investing in mutual funds, then you now know that none of it is true. So, go ahead, seek the help of a mutual fund advisor in Pune or anywhere in the country, and invest freely.
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5 Advantages Of ELSS Mutual Funds
Financial planning is extremely important, and in modern times, it has become an essential requirement. Regardless of how much money you earn, saving and investing are significant steps to achieving your financial objectives and goals in life. ELSS (Equity Linked Savings Schemes) is an ideal scheme for you to save taxes and gradually create wealth as well. When it comes to investments, an investor would definitely go for the best option available. If you consult a mutual fund advisor in Aurangabad or any other city, you will get to understand these funds better and learn about their various aspects. There are multiple advantages that ELSS mutual funds offer to the investors, find some of them listed below -
A chance to invest in equity while saving -
ELSS helps you to monitor the growth cycle of your ELSS portfolio with the advantages of equity mutual funds schemes. While savings are able to generate about 8% of returns, equity investments can generate higher returns in favorable stock circumstances. A strong portfolio of quality stocks will generate higher yields in a growing economy like India.
Develops a habit of saving money -
The ELSS schemes allow you to invest with amounts as low as Rs. 500 per month systematically. With ELSS funds, your savings can successfully turn into investments, and for longstanding benefits, you can prolong your investment as well. This whole process instills the habit of saving and brings a lot of discipline to your financial life as well.
Long term value growth -
The lock-in period of ELSS is normally three years, but still, you can extend your fund's continuous growth or redeem it after three years as well. Capital investments are potentially subject to market risk. And, because these funds invest your money, you have potential chances of higher returns along with tax exemption.
Tax benefits -
Saving tax is one of the most significant advantages ELSS funds offer to an investor. ELSS investment provides tax benefits as per the 1961 Income Tax Act, under section 80C. Nevertheless, the shareholder is exempt from tax on the income of any dividend or longer-term capital gains. To decrease your tax liability, you can invest in ELSS mutual funds and save up to INR 1,50,000/- from your taxable income.
Lock-in period -
Good mutual fund portfolios are built for long-term investments, but they are not constrained by the periods of lock-in. However, the money is locked into a minimum of three years in the case of ELSS funds. In other terms, you have to remain invested for three years or more at the ELSS Fund to exclude you from return-related income.So, if you are looking for an excellent investment option, you must consider ELSS funds seriously. In the fast-paced life today, paying attention to our future plans and targets holds the utmost significance. If you want to go ahead and begin your investment journey with ELSS funds, it is highly recommended that you get in touch with a financial advisor in Pune or any other city. Financial experts will guide you through the entire process and will help you understand everything about ELSS as well.
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Financial planning is extremely important, and in modern times, it has become an essential requirement. Regardless of how much money you earn, saving and investing are significant steps to achieving your financial objectives and goals in life. ELSS (Equity Linked Savings Schemes) is an ideal scheme for you to save taxes and gradually create wealth as well.
#financial advisor in Pune#mutual fund advisor in Pune#financial consultants in mumbai#mutual fund advisor in Mumbai#financial consultant in pune
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To avoid this situation of stress and to clarify your confusion, you must talk to a financial planner in Pune or any other city which suits you.
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When the end of the financial year comes near, and the process of tax filing begins, all of us get panicked and stress out. Especially when you realize that you have not done proper tax planning efficiently. Different people advice differently when it comes to tax planning, and that can leave you in a lot of confusion.
#mutual fund advisor in Aurangabad#Financial Advisor in pune#mutual fund advisor in Pune#Financial Consultant in Mumbai
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When the end of the financial year comes near, and the process of tax filing begins, all of us get panicked and stress out. Especially when you realize that you have not done proper tax planning efficiently. Different people advice differently when it comes to tax planning, and that can leave you in a lot of confusion. To avoid this situation of stress and to clarify your confusion, you must talk to a financial planner in Pune or any other city which suits you. The expert will give you the right advice based on your financial scenario and keeping in mind your future goals. Tax planning is not only important to make sure this situation never arises, but it also lets you take essential efforts for your financial plans, it gives you an opportunity to consider various investment options available in the market.
Here are a few tax planning tips listed below for you -
Claim Essential Benefits -
A lot of companies offer multiple allowances which can help you save taxes, such as house rent allowance, transport allowance, leave travel allowance, and more. Get in touch with your HR and inquire about these allowances. The reimbursement for a lot of these allowances is not included in your taxable income. So with the help of these, you can save taxes.
Get Health Insurance -
Through section 80D, you can get a tax deduction of up to INR 25,000 every financial year with the help of a health insurance premium. Provided, this premium is for you, your wife/husband or your kids. The deduction limit can also go up to INR 30,000 if your spouse is in the senior citizen category.
Be A Part Of Donations -
Charitable deeds and donations are encouraged in the Income Tax Act as it provides tax benefits to all donors under section 80G. This allows you to save tax from your income on the basis of the amount you have given for the donation. The deduction limit varies as per different charitable institutions. Remember, it is important to take receipts from the particular institution with all the necessary details such as your name and amount of donation.
File Your Taxes On Time -
Filing your taxes on time is important because there are a lot of benefits and advantages that you cannot avail if you are delaying your tax payments. Usually, in case of a belated tax return, you will have to pay a certain amount of interest as a penalty as well.
You can also consider ELSS Mutual funds for tax saving, they will help you out as they offer tax benefits through these funds you will get a potential opportunity to begin your investment as well. To understand the benefits of ELSS mutual funds, it is advised that you consult a mutual fund advisor in Aurangabad or any other city across the country. So, instead of panicking at the last moment, make sure you follow all of these tax planning tips.
#Financial Advisor in pune#mutual fund advisor in Pune#Mutual Fund advisor in Nagpur#mutual fund advisor in Mumbai#financial planner in pune
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Most of the working professionals today are struggling hard to save money and make plans for their future, which is not a good way to lead your life. You work hard for the money you earn, and you do have all the right to spend as you want, but not giving a thought to your future is not a wise thing to do.
#financial planner in pune#mutual fund advisor in Pune#mutual fund advisor in Mumbai#Financial Advisor in pune
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Why Should Working Professionals Invest In Mutual Funds?
Most of the working professionals today are struggling hard to save money and make plans for their future, which is not a good way to lead your life. You work hard for the money you earn, and you do have all the right to spend as you want, but not giving a thought to your future is not a wise thing to do. When you have plans and goals for your future, you open plenty of doors for growth, success, happiness, and a lot more. Since the fast-paced lifestyle of today does not allow individuals to focus on how to save and how to find out effective solutions for the same, you can always get in touch with a financial consultant in Pune or any other city for the same. A professional will understand your monetary scenario and will accordingly recommend the best for you.
Mutual fund investment will bring financial discipline in your life.
Mutual funds offer a range of attractive schemes; you will definitely find one that will suit your situation and your goal the best. Not only does this kind of investment has long-term monetary benefits, but it also brings financial discipline in your life. Every month, a fixed amount goes to your investment, which will let you spend in a more structured and informed manner.
This is the right time to take efforts for your financial goals.
A lot of people feel that they need to wait for the perfect time to invest for their future goals, they have this notion in their mind that they require a considerable amount of money to make an investment. Whereas, the truth is that you do not really need to have a large capital outlay to invest money for your financial goals, and the right time to start your investment journey is absolutely now. With SIPs starting from amounts as low as 500 INR, you can begin investing right away.
Mutual funds will gradually build wealth for you.
After entering the professional world, sometimes it takes a lot of time to get settled or to attain stability when it comes to managing your expenses — because of this, building wealth for your future becomes next to impossible. The nature of mutual fund investments is such that it lets people cumulate wealth by not taking a lot from them at once. Your hard work is not just for sustaining you in the present; it should also secure you for the future.
You will always have backup money ready for emergencies.
Mutual funds offer a lot of flexibility when it comes to instant withdrawal. A lot of schemes do not usually have any lock-in period, and thus, in case of an emergency you will always have a backup ready, to help you out.
As a working professional, you must start thinking about investing in mutual funds now because of the reasons mentioned above. Do not be worried about the process or about finding the time to make a decision or to shortlist schemes or funds; there are platforms available online today for all of this. With the advent of digital media, the whole process of mutual fund investment has now gone online, and even your KYC gets completed within minutes. Apart from this, whenever you start your investment journey, make sure you contact a mutual fund advisor in Pune or any other city which is suitable for you. The advisor will guide you through the process and will also make you understand the different aspects of mutual funds.
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5 Mistakes To Avoid While Investing In Mutual Funds
Lack of proper research before investment -
When people think about beginning an investment, there are a thousand questions that loom over their heads. It is like you are out there in the market with a purpose for which solutions are available, but you have no idea which one to choose. An investment is a crucial step in anybody’s life, as it involves hard-earned money and savings, and nobody would want anything to go wrong in that case. However, still, there are mistakes people tend to make, which can cost them a lot, so it is necessary to be careful right from the start. Mutual funds are not difficult to understand; there is just a systematic way to go through that. Although it is always advised that you get in touch with a mutual fund advisor in Mumbai or any other city which suits you to receive a clear idea about everything, some things need your attention and time as well.
Here are five mistakes which must be avoided while investing in mutual funds-
Being unclear about your financial goal -
Not being clear about your financial goal can cause a lot of problems. When you invest in mutual funds, the whole procedure is dependent on your clearly defined goal, be it selecting the fund or scheme or the amount you want to put in, or for that matter, how you handle your portfolio. In order to gain the utmost benefit from your mutual fund investment, you must first determine your financial goal, whether it is buying a house or your retirement plan. Remember, everything depends on that.
Being unattentive to your fund’s performance -
Having a fund manager does not mean you never check your portfolio and how your funds are performing. To yield fruitful results, you do not just have to invest your money, but your time as well. These are long term investments, and it is never wise to hand it over to someone and feel that your job is done. Make sure you are paying attention to the performance of your funds, through this, you will not only receive an idea about how your investment is going, but you will also get more aware and informed which will always be financially beneficial for you.
Waiting for the right time to begin your investment -
Investment is for planning ahead and not to be planned itself. Waiting for the right time to start your investment is only going to delay your goals. Today, there are SIPs starting from amounts as low as 500 INR, so you do not need a large sum of money to invest. All you need is a plan, and that is available for you. It is usually difficult for an individual to accumulate a massive amount of money and then invest, whereas it is way easier to start your investment journey through a plan which does not take a lot from you and also builds wealth for you gradually.
Spending all your savings at once -
Some first-time investors feel that spending all their savings at once is a wise thing to do, whereas actually, it’s not. It is always advised to invest through a plan which does not take everything from at once and at the same time, keeps your investment active. You must have savings with you to meet any emergency requirements.
Lack of proper research before investment -
Staunch research is a vital thing to do if you wish to achieve your financial goals through your investment. Before investing in any mutual fund scheme, you must know its type expense ratio, asset size, previous returns, etc. You need to understand how these things impact your investment and how much they contribute to your goals.
So, when you start your investment journey or when you are about to take a decision regarding the same, keep all of this in mind. You will need to put in your efforts as well, apart from consulting a financial advisor in Mumbai or any other city across India.
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5 Mistakes To Avoid While Investing In Mutual Funds
Being unclear about your financial goal -Being unattentive to your fund’s performance -Waiting for the right time to begin your investment -Spending all your savings at once -Lack of proper research before investment -
When people think about beginning an investment, there are a thousand questions that loom over their heads. It is like you are out there in the market with a purpose for which solutions are available, but you have no idea which one to choose. An investment is a crucial step in anybody’s life, as it involves hard-earned money and savings, and nobody would want anything to go wrong in that case. However, still, there are mistakes people tend to make, which can cost them a lot, so it is necessary to be careful right from the start. Mutual funds are not difficult to understand; there is just a systematic way to go through that. Although it is always advised that you get in touch with a mutual fund advisor in Mumbai or any other city which suits you to receive a clear idea about everything, some things need your attention and time as well.
Here are five mistakes which must be avoided while investing in mutual funds-
Not being clear about your financial goal can cause a lot of problems. When you invest in mutual funds, the whole procedure is dependent on your clearly defined goal, be it selecting the fund or scheme or the amount you want to put in, or for that matter, how you handle your portfolio. In order to gain the utmost benefit from your mutual fund investment, you must first determine your financial goal, whether it is buying a house or your retirement plan. Remember, everything depends on that.
Having a fund manager does not mean you never check your portfolio and how your funds are performing. To yield fruitful results, you do not just have to invest your money, but your time as well. These are long term investments, and it is never wise to hand it over to someone and feel that your job is done. Make sure you are paying attention to the performance of your funds, through this, you will not only receive an idea about how your investment is going, but you will also get more aware and informed which will always be financially beneficial for you.
Investment is for planning ahead and not to be planned itself. Waiting for the right time to start your investment is only going to delay your goals. Today, there are SIPs starting from amounts as low as 500 INR, so you do not need a large sum of money to invest. All you need is a plan, and that is available for you. It is usually difficult for an individual to accumulate a massive amount of money and then invest, whereas it is way easier to start your investment journey through a plan which does not take a lot from you and also builds wealth for you gradually.
Some first-time investors feel that spending all their savings at once is a wise thing to do, whereas actually, it’s not. It is always advised to invest through a plan which does not take everything from at once and at the same time, keeps your investment active. You must have savings with you to meet any emergency requirements.
Staunch research is a vital thing to do if you wish to achieve your financial goals through your investment. Before investing in any mutual fund scheme, you must know its type expense ratio, asset size, previous returns, etc. You need to understand how these things impact your investment and how much they contribute to your goals.
So, when you start your investment journey or when you are about to take a decision regarding the same, keep all of this in mind. You will need to put in your efforts as well, apart from consulting a financial advisor in Mumbai or any other city across India.
#consulting a financial advisor in Mumbai#mutual fund advisor in Mumbai#mutual fund advisor in pune#mutual fund advisor in nagpur
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