FINANCIAL PLANNER
Mutual fund SIP of Rs 25,000 per month can help you buy house: Here's how
Have you ever embarked on a road trip without a specific destination in mind? While it may initially seem exciting, you eventually come to realize that knowing where you're headed is essential for fully enjoying the journey. Similarly, financial goals function in this manner, offering a clear path to ensure that your financial journey ultimately leads to a fulfilling destination.
How over-indulgent parents hurt their finances for their children
A healthy approach to money requires that those earning it don’t just feel guilt-free about its allocation, but are also able to question its wasteful deployment and regain the power to allocate fairly. Parents are branded selfish when they exercise this authority, and in these days of extremely sensitive young minds, they are scared of turning down a demand.
How are equity savings funds taxed?
Equity savings schemes are funds that belong to the hybrid category. They invest in a mix of equity, debt and arbitrage opportunities. A scheme in this category invests in equity and debt securities, employing a combination of three investment strategies — pure equity (net long equity), arbitrage plays, and debt.
How ‘Mehengai’ impacts your real rate of return
Inflation impacts stakeholders like companies, investors, and the economy. Central banks manage inflation. Real Rate of Return is crucial for investment performance.
Top up your SIPs for a bigger equity gullak
For example, an investor with a SIP of ₹10,000 in the BSE Sensex TRI (Total Returns Index) after 25 years would reach ₹2.71 crore. However, an annual top-up of ₹1,000 on the monthly SIP of ₹10,000 would grow to ₹4.26 crore, while an annual top-up of 10% on the same SIP of ₹10,000 would grow to a substantial ₹5.52 crore,
Saving for child's education: Market volatility, inflation pose serious risks to investments. Find out how to keep them safe
Market volatility and inflation can pose serious risks to the investments set aside for your child's education. It's important to consider strategies to safeguard these funds against potential financial downturns and rising costs.
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A small allocation to quant theme may be worth a try
Experienced equity mutual fund investors can consider allocating to Aditya Birla Sun Life Quant Fund NFO managed by Harish Krishnan. New investors should stick to diversified equity mutual funds. The NFO closes on June 24 with a 0.5% exit load.
Why is the process of asset allocation necessary in mutual funds?
It is difficult for any investor to predict when equity will go up or when it could correct. There could be many factors affecting it. So when equities go down, and all your money is in it, you will be hit hard. However, if some part of it is allocated to gold and debt, it will protect your portfolio.
Online travel aggregator Ixigo sets Rs 88-93 price band for IPO to raise Rs 740 crore
The company filed its draft red herring prospectus (DRHP) with the markets regulator in February and received approval in May. Ixigo IPO is scheduled to launch on June 10 and close on June 12. The company aims to raise a total of Rs 740 crore through the public issue.
Election results: How mutual fund investors should tweak their investment strategy
ETMutualFunds consults advisors on post-election investment strategy adjustments for conservative, moderate, and aggressive mutual fund investors. Recommendations include gradual equity exposure increase for conservatives, balanced portfolios for moderates, and focus on growth sectors for aggressives, with emphasis on research and risk management.
Where do thematic funds stand in the risk matrix?
Thematic funds are a category of equity funds which invest at least 80% of total assets in stocks of a particular theme. Some popular themes launched by fund houses in the last few years are public sector undertakings (PSU), infrastructure, MNC, business cycle, and manufacturing funds.
Equity's 4-year rally sees more Indians adopting SIP culture
Covid-induced lockdowns, which spared millions of ordinary officegoers the daily commute and spawned a loyal army of equity investors, appear to have drastically altered the asset-class mix of household savings in India.
An investment advisor – A planner for your financial dreams
Globalisation, urbanisation, and technology have impacted the Indian lifestyle, blending tradition with modernity. The anticipated growth in Indian household wealth underscores the need for effective investment planning and wealth management.
Big bosses talking up the market is very scary because things can go wrong: PV Subramanyam
PV Subramanyam advises investors to focus on long-term investment strategies, considering market cues cautiously and diversifying portfolios to mitigate risks. He says that we ne need to be careful that the market can go down. The big bosses are talking up the market, which is very scary because things can go wrong and we need to be ready for that.
HDFC Manufacturing Fund raises over Rs 9,500 crore
Some wealth managers said high-pitch advertising and marketing by fund houses and distributors along with strong returns from equity schemes have led to strong money flows into NFOs. Many investors used the new fund to diversify their existing portfolios.
Avoid chasing best-return MFs through SIPs
A study by Whiteoak Capital Mutual Fund for the last 19 years shows that an investor who started an SIP in a mid-cap or small-cap index fund in April 2005 and stuck to the category for 19 years earned higher returns than an investor who changed the SIP annually based on the best-return generating category in the previous year.
What is the advantage of borrowing against mutual fund units?
Borrow against equity or hybrid mutual fund units for immediate liquidity at 9-11% interest rates. Advantages include short-term monetary support without selling units, maintaining financial plan, and quick capital raise. Apply online through NBFC websites for a paperless process.
Bullish on theme manufacturing? Go for staggered investment plan
The NFO of HDFC Manufacturing Fund, managed by Rakesh Sethia, is currently open and closes on May 10. Investors can start with ₹100 in this fund, and the scheme will be benchmarked to the Nifty India Manufacturing TRI Index. An exit load of 1% will be levied for redemption made within a month of investment.
8 easy tips for women to achieve financial freedom
Women in India face societal pressures and a gender pay gap. They must ensure that they are investing in themselves and their future, without neglecting their family's needs. Whether you're single, married, or divorced, navigating these challenges can be tough.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 76.3 points up at 22198.35
How to make a budget for your family
Discussions about goals, expectations and concerns is a must. The first step is to gather relevant financial details, income, expenses, monthly payouts and loan obligations. A bank statement of the past six months to a year can help.
New Sovereign Gold Bonds tranche opens on Monday; How to fit SGBs in your financial plan
Before investing in Sovereign Gold Bond (SGBs), it's crucial to understand the purpose behind your gold investment. Are you aiming to achieve a specific financial goal, or is it purely for investment purposes?
Why do financial planners suggest flexi cap funds to investors?
As per regulatory guidelines, a flexi cap fund is an open-ended, dynamic equity mutual fund scheme. In this category the fund manager can choose to invest across companies of any market capitalisation be it large-, mid- or small-cap companies without restrictions.
6 steps for women to navigate sudden career breaks financially
Women in India face unique challenges which can disrupt their financial stability. This include sudden career breaks due to maternity leave or any other family emergency. However, with a clear understanding of the importance of managing personal finances and a commitment to financial planning, these challenges can be overcome. Read on to know strategies that a woman can use to navigate sudden career breaks financially.
How to decide which financial advice to take and which one to ignore
Should you go by your parents’ age-old advice on buying a house, or the earnest tips from a friend who made a killing through cryptocurrencies, or perhaps try out the finfluencer who has 4.5 million followers? How do you decide whom to trust? Check here
Retirement planning: How to adopt FIRE model to retire early, achieve financial security
In order to prepare the FIRE aspirants for this journey, our cover story this week lists the strategy and plan you need to have in place to accomplish your dream, along with the roadblocks you are likely to come across.
Wealth creation is not a magic, make sure it happens by method
Wealth creation doesn't happen by chance but it needs a wealth planned strategy. On this World Financial Planning Day, the importance of financial planning for wealth building needs to emphasised. As Indian economy grows from one milestone to another more and more people will need to take financial planning seriously to ensure their life goals are met without too much of hassle.
Seven mistakes you could be making while engaging with your financial planner
In this story, we bring out the common missteps and mistakes that clients make while engaging with planners. We hope it will help you unlock the true potential of your relationship with your adviser.
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