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- Goal based planning is key to financial success
- HDFC Gold Mutual Fund
- Birla Sun Life Income Plus – Exit Load Reduction
| Goal based planning is key to financial success Posted: 06 Nov 2012 05:35 AM PST Call 0 94 8300 8300 (India) Risk profile, financial goals should decide investment options THE risk profile and the asset allocation are the two major planks on which the investment should be structured FINANCIAL needs vary from individual to individual and depend on one's age, lifestyle, risk appetite, future goals, family structure and income. Focusing on future financial needs is even more crucial because of their uncertain nature. Age remains the best differentiator between two investors and it is easier to understand the needs as one passes through various phases of life. Risk profile and asset allocation are two major planks on which one should structure investment. If you are a young adult who has just started career after formal education, then chances are that you would spend a lot on your lifestyle and personal expenses like movies, clothing, fuel and dining. This behaviour may impact your savings habit. As the time value of money is ever decreasing and inflation is expected to be high, it is always advisable to start saving early in one's life. Most investors forget the fact that saving is a necessity and must be practised by individuals as no one ever has gone bankrupt in his/her life because of the habit of saving. Although at an young age one may not have many dependents, but you still may have old parents to look after. It is also possible that you are living with your family and do not have the burden of rent or home loan. At this age, investments must be directed towards funds for unforeseen events such as a disability or critical illness. Apart from that, if you start planning for retirement at this age, you would be able to accumulate substantial corpus at the time of retirement without any stress in the following years. The need is also highlighted by the fact that life expectancy of individuals at retirement is rising constantly. This means that you need to save much more to sustain yourself in old age. As age increases, responsibilities also rise, usually so does the income, outlook towards life changes and the tendency to save and invest takes priority. Supposing you are between 28 40 years, the family structure will have a different shape with wife and, perhaps, one or two kids. Although you might be clear about your financial needs and the options available to fulfill those needs, you will still need to be cautious not to make any mistake like opting for a low yield investment option or taking an insurance policy, which does not fulfill your purpose. At this age, your priorities should be to save funds for emergency, which can be used in case of a job loss or treatment of any family member. Basically, this fund should be sufficient to support the family for six to eight months. In case you have taken any debt or long-term loan, then planning for repayment of that loan is crucial. It is better to develop a strategy well in advance to repay a home loan, personal loan and any commercial loan keeping in mind the possibility of death of the earning member in the family. Child's higher education is another event which may cost you substantial amount of money. If you belong to an even higher age bracket, say 4155 years, then your focus should be on investing in financial instruments, which will keep your investment safe and at the same time generate income after retirement. Since the investment horizon is not too long at this age, a more conservative approach is advisable while making investment decisions. If you are approaching retirement, then the financial burdens will take a different shape and demand for regular income will take precedence. The need for assured streams of income for the surviving spouse should also be kept in mind. Final expenses are another critical aspect, which arises in the final days of any family member. This may also involve the expenses for treatment of any terminal illness, expense on final rites and certain typical expenses that are present in almost every religion.
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| Posted: 06 Nov 2012 01:47 AM PST Call 0 94 8300 8300 (India)
HDFC Gold Mutual Fund are the newer products in comparison of many other financial instruments. Gold has been shining for very long time now. In last five years, gold has delivered very good return. Gold has been traditionally used as ornaments, they are still widely used as ornaments in rings, chain etc. India is one of the biggest consumer of gold. But in the last few years, with the constant turbulence and volatility in the stock market, Gold is gradually pulling more and more investors everyday. HDFC Gold Mutual fund are catered to these investors who wants to invest in gold through mutual funds. They are easy to handle and manage. There are other ways of investing in gold also. Exchange Traded funds are fairly popular among them. Looking at the current status of stock market, more and more investors are opting for gold as an alternative for the stocks. Keeping this mind, mutual fund companies are accelerating them to attract customers towards them. HDFC Gold Mutual fund is a open ended fund of fund scheme which has opened today and will close at October, 21. This will help investors to hedge themselves against stock market volatility. Investors can invest systematically into this stock. HDFC mutual fund house has recently taken the number one spot Indian mutual fund industry overtaking Reliance mutual fund. HDFC Gold mutual fund will help long term investors to park their money in a good return generating financial instrument. Gold is the flavor of the season and it is expected to remain in same trend for next few years. There are other companies also in the market which are offering Gold mutual funds so better look at the fine prints of those schemes also before going for this one. As it is Fund of Fund, it is going to invest in those mutual funds. The money collected from this fund would be invested in HDFC GETF (HDFC Gold ETF). Gold prices have been zooming across the globe and India being the biggest consumer of gold in world is bound to see lot of happening in Gold. With the stock markets tumbling all over, Gold funds have been the favorite pick among investors. 2011 has seen lots of gold funds launched in the country and abundance of investors is pushing even more of mutual fund house to bring Gold fund --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the Top performing Mutual Funds are
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Happy Investing!!
We can help. Call 0 94 8300 8300 (India)
Leave your comment with mail ID and we will answer them
OR
You can write back to us at PrajnaCapital [at] Gmail [dot] Com
---------------------------------------------
Best Performing Mutual Funds
Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now  |
| Birla Sun Life Income Plus – Exit Load Reduction Posted: 05 Nov 2012 11:35 PM PST Download Tax Saving Mutual Fund Application Forms Call 0 94 8300 8300 (India)
Birla Sun Life Mutual Fund has announced a reduction in the load period of Birla Sun Life Income Plus with effect from October 19, 2012.
The unchanged load of 1% shall be charged if units are redeemed within 180 days from the date of allotment instead of the earlier applicable 365 days.
Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs
Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) 1.ICICI Prudential Tax PlanInvest Online 2.HDFC TaxSaver Invest Online 3.DSP BlackRock Tax Saver Fund Invest Online 4.Reliance Tax Saver (ELSS) Fund Invest Online 5.Birla Sun Life Tax Relief '96 Invest Online 6.IDFC Tax Advantage (ELSS) Fund Invest Online 7.SBI Magnum Tax Gain Scheme 1993 Invest Online 8.Sundaram Tax Saver Invest Online Best Performing Mutual Funds
Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now  |
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