#mutual fund goal planner in mumbai

[moneycareplanner]

What Services does an Asset Management Company in Mumbai Provide?

An asset management company in Mumbai offers a range of investment solutions, including mutual funds, financial planning, risk management, portfolio management services, and alternative investment options, to help you achieve your financial goals. For more details, visit https://www.storeboard.com/blogs/investing/what-is-the-role-of-a-stock-investment-advisor-in-mumbai/5808810

[thejobwala]

Download Jobwala app for the easiest job search and hiring. Now get every type of job in one place with Jobwala. Be it 10th pass and below or postgraduate we have jobs for everyone. Now get a job that satisfies your career goals with maximum salary satisfaction. From part-time and Full time to working from home, everything is just a click. With a vast variety of jobs and so many best options available to choose from. Be it Central, Western, or Harbor line we are all over Mumbai to provide you with the best.

The only job portal that provides you with the nearest jobs with maximum salary satisfaction and career growth. Verified companies to apply with no fear of fraud and scam. We cover almost every blue collar job people struggle to get. Apply to your dream job and get a chance to work in your dream company in just a click.

Get a job in nearby verified companies free of cost. Now you don’t have to pay for your career just download the Jobwala app now.

Features: Jobwala makes sure you get the job that matches your salary expectation with career growth thereby providing you with the nearest jobs. you can get a job in just a click.

Download the Jobwala app Fill your details properly and upload your updated resume Select the Job category and title you are interested in Schedule an interview

Jobwala helps you search job with different categories such as (Work from Home, work from office, part time and Full time) based on qualifications such as (Below 10th, 12th pass or above, Graduate and Post Graduate)

Filter: Get regular updates on job selection and resume verification Apply filters such as location and salary for more satisfying jobs Be it part time, full time, work from home or work from office, get it in just a click.

Communicate with HR: Call the HR directly and schedule your interview in your dream company.

Location: We are all over the Mumbai. From Central, Western and Harbor Line to Thane-Vashi.

Job types we provide: Accountant, Admin Executive, Cabin Crew, Ac Technician, Animation App Developer, Architect, Back Office Executive, Bartender, Back Office Executive Coordinator, Beautician, Bouncer, Bodyguard, Tele caller, Business Analyst, BDE, Carpenter, Cashier, Civil Engineer, Claims Processing Executive, Computer Operator, Content Writer , Chef , Nanny, Counter, Sales, Customer Care, Laborer, Cameraman, Counsellor,Control Room Operator, Washer, Data Collection Executive, Doctor, Data Entry Operator, Debt Recovery Agent, Delivery Boy, Digital Marketing Expert, Driver, Data Scientist, , Print, Consultant, Dubbing Artist, Electrical Engineer, Electrician Engineer, Editor, Event Planner, Financial Advisor, Fire Fighter, Fitter, Floor Manager, Foundry man, Graphic Design / DTP, Ground staff Helper / Housekeeping, Human Resource (HR), HR/Admin, Hospitality Executive, Host/Hostess, Help Desk Executive, Handyman, Insurance Agent, Insurance Consultant, IT Software – Developer, Technician, Maid, Marketing Executive, Market Research Analyst, Mechanic, Mechanical Engineer, Medical Representative, Medical Assistant, Merchandiser, Microbiologist, Mutual Fund Agent, MIS Executive, Molder, Nurse / Ward boy, Nutritionist/Dietician, Office Assistant, Office Boy, Operations Executive, Operator/Machinist, Optometrist, Other Engineers, Packer, Painter, Personal Assistant, Phlebotomist, Pharmacist, Plumber, Photographer, Promoter, Public Relations (PR) Executive, Projectionist, Porter, Purchase / Procurement Executive, Product Manager, Program/Project Manager, Quality, Receptionist/Front Desk, Reporter, Rigger ,Sales / Business Development, Security Guard, Safety Officer, Sales, SAP Consultant, Scientist/Research, Software Architect, Soldering Operator, Sound Engineer, Sports Trainer, Technician, Tailor, Trainer, Ticketing Executive, Transport Supervisor, Tele-sales / Telemarketing, Tutor / Teacher, Typist, Video-grapher, Waiter/Steward, Ward Boy, Warehouse Executive, Welder, Wire-man.

[chamunda-investment20]

What is the Best Date to Start a SIP as Per a Mutual Fund Expert in Mumbai?

Many investors often find themselves asking, “What’s the best date to start a SIP?” It's a common question because everyone wants to maximize their returns by choosing the perfect time to invest. But is there really a “right” date to begin a Systematic Investment Plan (SIP)? To address this, let’s explore what a mutual fund expert in Mumbai has to say and consider some key factors beyond just the calendar.

The Best Time to Start SIP

Now that we understand these concepts, the question remains: Is there a specific date that is best for starting a SIP? The short answer is that there is no universally “perfect” date. However, there are some factors to consider that can help you make a decision:

1. Monthly Investments: Since SIPs work on a monthly investment basis, it can be beneficial to choose a date that aligns with your salary or regular income. This ensures that you have funds available to invest consistently every month. If you wish to get started, a mutual fund planner in Mumbai, like Chamunda Invest can help.

2. Market Conditions: While you shouldn't try to time the market, being aware of current market conditions can help you choose a date. But since SIPs work on rupee-cost averaging, they already make sure you buy more units when the market is low, and fewer units when the market is high.

3. Financial Goals: Think about your financial objectives. If you have specific goals like buying a house or funding education, starting a SIP earlier will allow more time for your money to grow. Set a date that aligns with your personal financial plan.

4. Consistency is Required: Decide a date that you can stick to on a monthly basis. Whether it's the beginning, middle, or end of the month, what matters is that you commit to regular contributions.

Conclusion

Instead of searching for the “best” date to start a SIP, focus on establishing a long-term investment habit. Remember, time in the market is generally more beneficial than trying to time the market. The earlier you start investing through SIPs, the more you can benefit from compounding returns and potentially reach your financial goals faster.

[deywealthmart321]

How to Choose the Best Mutual Fund Advisors and Agents in Mumbai for Your Investment Goals

Investing in mutual funds can be a powerful way to grow your wealth over time, but choosing the right mutual fund advisor is crucial to achieving your financial goals. With the bustling financial landscape of Mumbai, finding a reliable and knowledgeable advisor can seem overwhelming. Dey Wealth Mart, a trusted name in financial advisory, offers expert insights into how to select the best mutual fund advisor for your needs. This guide will help you navigate the selection process and ensure that your investments are managed by the right professional.

1. Understand Your Investment Goals

Before seeking a mutual fund advisor, it’s essential to have a clear understanding of your investment goals. Knowing your objectives will help you find an advisor who can tailor their advice to your specific needs.

Dey Wealth Mart’s advisors are skilled in aligning investment strategies with individual goals. They take the time to understand your financial aspirations, ensuring that the mutual funds they recommend are well-suited to your desired outcomes.

2. Look for Relevant Experience and Expertise

Experience is a key factor when choosing the best mutual fund advisors and agents in Mumbai. An advisor with a solid track record in the industry will have a deeper understanding of market trends and the ability to navigate different economic cycles. Ask about the advisor’s experience in handling portfolios similar to yours and their familiarity with the Mumbai financial market.

At Dey Wealth Mart, the team of advisors brings years of experience and in-depth knowledge of mutual funds. Their expertise ensures that they can provide well-informed advice that considers both current market conditions and long-term financial planning.

3. Check Qualifications and Certifications

Mutual fund advisors should possess relevant qualifications and certifications that demonstrate their competence and commitment to professional standards. Look for advisors who hold certifications such as Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA). Dey Wealth Mart’s advisors are highly qualified, with certifications that underscore their expertise in financial planning and mutual fund advisory. Working with a certified advisor gives you confidence in their ability to manage your investments responsibly.

4. Evaluate Communication and Transparency

Effective communication is critical in any advisory relationship. Your mutual fund advisor should be able to explain investment options, risks, and strategies in a way that you can understand. Transparency about fees, performance expectations, and potential risks is also essential.

Dey Wealth Mart places a strong emphasis on clear and open communication. Their advisors are committed to ensuring that clients fully understand their investment choices and the associated risks, fostering a trusting and informed relationship.

5. Assess the Advisor’s Approach to Risk Management

Every investor has a different risk tolerance, and your mutual fund advisor should be able to design a portfolio that reflects your comfort level with risk. Discuss how the advisor assesses risk and how they plan to mitigate it in your investment strategy. An advisor who understands your risk appetite and can balance it with your investment goals is invaluable.

At Dey Wealth Mart, advisors work closely with clients to determine their risk tolerance and construct portfolios that align with both their risk preferences and investment objectives. This personalized approach ensures that your investments are both suitable and sustainable.

6. Review Client Testimonials and Reputation

Reputation is a strong indicator of an advisor’s reliability and effectiveness. Look for client testimonials, reviews, and references that speak to the advisor’s performance and client satisfaction. A well-regarded advisor will have a history of helping clients achieve their financial goals.

Dey Wealth Mart has built a reputation for excellence in mutual fund advisory in Mumbai. Client testimonials highlight the firm’s commitment to personalized service and successful outcomes, making it a trusted choice for investors.

7. Understand the Fee Structure

Mutual fund advisors can charge fees in various ways, including flat fees, hourly rates, or a percentage of assets under management. It’s important to understand the fee structure upfront and ensure it aligns with your budget and expectations. Transparent fee arrangements help prevent surprises and ensure that you are comfortable with the cost of advisory services.

Dey Wealth Mart offers a clear and transparent fee structure, with no hidden charges. Their advisors are upfront about costs, ensuring that clients know exactly what they’re paying for and how it benefits their investment strategy.

8. Consider the Advisor’s Accessibility and Availability

Finally, consider how accessible and available your best mutual fund advisors and agents in Mumbai will be. Regular updates, periodic reviews, and the ability to reach your advisor when needed are important aspects of a successful advisory relationship. Choose an advisor who is committed to staying engaged with your portfolio and responsive to your needs.

Dey Wealth Mart’s advisors prioritize client accessibility, offering regular portfolio reviews and being readily available to address any questions or concerns. This commitment to client service ensures that your investments are well-managed and that you stay informed about your financial progress.

Conclusion

Choosing the best mutual fund advisor in Mumbai is a critical step toward achieving your investment goals. By considering factors such as experience, qualifications, communication, risk management, reputation, fee structure, and accessibility, you can find an advisor who aligns with your financial objectives. Dey Wealth Mart exemplifies these qualities, offering expert advice and personalized service to help you navigate the complexities of mutual fund investing. With the right advisor by your side, you can confidently work towards a prosperous financial future.

[investedin]

About And History Of HDFC Bank

Everyone must have heard about the HDFC bank in India. Many of us may have accounts in many of its branches. Some may have availed of loans, credits, and invested in mutual funds. The bank has overtaken most of the private sector banks to emerge victorious in the financial sector. Through this article, it will enlighten my readers about the services and history of HDFC bank. I will provide glimpses of the history of this bank. Then I will put forth the various financial services that it has to offer for its customers. By the end of this article, you will have a clear understanding of what has made this bank a household name today. So, let’s get started.

Ever wondered what HDFC stands for? It is the short form for Housing Development Financial Corporation Limited (HDFC). Since its initiation, it has amassed huge assets and a market capitalization that has paved the way for its success. It is currently headed by Mr. Sashidhar Jagdishan.

Today HDFC bank is one of India’s most powerful banks. It is a private sector bank that provides various banking and investment banking services nationally and internationally. It was founded in the year 1994 under the guidance of Mr. Hasmukhbhai Parekh. Since then, the banking company has expanded its reach in various cities across India and overseas. On the international level, it has branches in Bahrain, Hong Kong, and offices in UAE and Kenya. To date, the company has branches across 2,848 cities in India with a vast network of 5,430 branches.

More Information About HDFC Bank

The HDFC bank was inaugurated in 1994. It started deploying banking services as a Scheduled Commercial bank in 1995. The Housing Development Finance Corporation Limited was the first company to set up a private bank in India. It provided services from the registered bank in Mumbai. The current CEO of the HDFC bank is Mr. Deepak Parekh. The main aim of the HDFC bank was to become a world-class Indian Bank. It has truly lived up to its mission and has become the most successful bank today. The awards and honors the bank had received in India and worldwide speak for themselves. It is known for its good customer services, revolutions in the financial business, and its sustainability. The bank has introduced various products in the market. Apart from these, it had also conducted several drives and launched initiatives for the betterment of society. Its main objective was to become the first choice of every investor in every domain of the bank services. Its second objective was to achieve substantial growth in bank assets. No wonder it had met all its business objectives, and it has continually been delivering quality services to the new customer. The bank continues to conquer the hearts and minds of every investor and its existing customers.

Mergers Of HDFC Bank

The HDFC bank had merged with the Centurion Bank of Punjab (CBoP) on 23rd May 2008. This merger was approved by the Reserved Bank of India. The merger was directly proportional to the shareholders of CBoP receiving a share of the HDFC bank. The shares would be provided to each of the 29 shares of CBoP. The merger provided great benefits to the HDFC bank. For instance, the bank network had significantly incremented by a good number. This meant that the HDFC bank could now deliver services to more masses. The added new workforce of the CBoP created a larger pool of skilled workmen. Thus, the merger was a huge gain for the HDFC bank.

Times Bank Limited was an Indian Bank in the private sector. On 26th February 2000, the Times bank had merged with the HDFC bank. It was the first time that two banks had merged in the 21st century. The combination of the two banks implied that the shareholders of the Times bank would have received one share of the HDFC bank. This would continue for every 5.75 shares of the Times bank.

History Of HDFC Bank

It’s been 26 years since the bank first opened at its registered office in Mumbai. As per the Reserve Bank of India RBI’s policy about the liberalization of the banking industry in India, the request by the HDFC bank to set up the first Indian bank in the private sector was approved. The HDFC bank, as it is popularly called, was one of the first banks in India. The main operations of the financial company as a Scheduled Commercial bank first commenced back in January 1995.

The bank has had a long history. Some of these factors were instrumental in making it the premium bank in India. So, here I have provided a descriptive guide about the history of this bank.

1994

The HDFC bank was founded on 30th August in the year 1994. It had established a partnership with the National Westminster Bank Pc. and its subsidiaries. The banks agreed-upon a 20% subscription of the banks’ issued capital and assistance from the technical domain to promote the banking business.

1995

The bank issued the subscribers of the Memorandum and the Articles of Association with 70 equity shares. During the same time, the bank promoters were allotted with 5 crore equity shares. Moreover, the HDFC Employment Welfare Trust was also allotted shares worth 5,09,20,000 on 22nd December 1994

Later on, 16th January 1995, the Jarrington Pte. Ltd was also allotted 90,79,930 number of equity shares. The NatWest Group received 400,00,000 number of shares based on private placement. The public also received equity shares on 9th May 1995 that were 500,00,000 in number.

By this time, the HDFC bank had opened its first branch on 16th January in Ramon House at Church gate in Mumbai. An efficient operating system was designed and created by the engineers of the bank for fortifying the computer network of the bank.

1996

The bank had established a good reputation in the financial businesses and the market. This paved the way for the banking consortia of over 50 countries. The consortia included leading multinational companies, public sector companies, and several flagship companies of the local business.

The transaction in the Indian financial market was handled in a new dealing room. The room was constructed this year to facilitate this process. The HDFC bank’s Certificates on Deposits were earned a rating of PP1+. The rating was the highest for any short-term financial tools at that time.

1997

At Powai in Mumbai, the bank had established a modern hub to store the bank’s central computers and servers. The servers had information about all the new products and services and the branches that the bank had established.

The proposition for telebanking was launched by HDFC in Mumbai. The term telebanking was first introduced at the Chandiveli branch of the HDFC network.

By now, the bank had established 28 bank branches in India. These branches had initiated an account that required the investors to deposit a minimum balance for opening the account. This feature was first introduced by the HDFC bank in India. To date, this practice has been cultivated across several financial institutions in India.

They had also launched a loan product. This product facilitated the payment of fees as announced by the Bangalore Mahanagar Palike.

1998

The HDFC bank signed an MOU with the Ahmedabad Stock Exchange (ASE) so that it could play the role of a clearance bank.

The strengthening of bonds with the branch in Calcutta was proposed in 1998. They planned to make an addition of two more branches by the first quarter of the upcoming financial year 1999.

They had inked a memorandum with the National Stock Exchange (NSE) around the same year. This agreement stated that the bank would give an additional charge over the broker’s deposit. It was only if they provide a loan against share facility to the NSE brokers.

2000

With the beginning of the 21st century, the bank had also begun establishing new connections in the world. Starting with Singapore Telecom’s e-commerce arm Sesami.com Pvt Ltd. The HDFC bank had signed an agreement with this company to boost its reach.

The HDFC bank had launched a new facility call the ‘Freedom- The e-Age Savings Account.’ this account was specifically designed for cellular phone users.

Trichy and Coimbatore, the southernmost regions of India, had received wireless application protocol-based mobile banking. This was newly introduced at that time. The HDFC bank was instrumental in launching this facility in association with Aircel.

2001

Aurangabad had received the first HDFC bank with the commencement of the new year 2001.

The HDFC Standard Life Insurance had established a memorandum of understanding with the Indian Bank. The Indian bank was based in the southern capital of Chennai.

The bank had first launched its International Maestro Debit Card in association with Master Card.

The Board of Directors dealt with the resignation of two of its directors. These were Mr. S. S. Thakur and Mr. Amit Judge. They had resigned from their office on 30th March.

2002

The HDFC bank had introduced a new online account. The online account service was called ‘One View.’ The bank launched the services to all its customers.

The HDFC bank had launched various new products in the year 2002. These products were inclined towards the wealth management program designed to increase the number of the customer base. The Financial Planner was a non-interactive product that was available for the customers. This product was available at the base price of Rs.10,000. The mass affluent segment could avail of the fee-based advisory program. This program was earlier available only to the high net worth customers. The wealth management program was a highly beneficial initiative by the bank for the betterment of its customers. This program took into account various factors like the financial goal and the risk profile, including equity, customers age, MFs, and RBI Relief Bonds.

2003

The resident foreign currency account was launched by the HDFC bank.

The co-branded credit card with e-Seva was unveiled by the HDFC bank.

Mr. Arvind Pande was appointed as the Additional Director on the 15th of January 2003. His appointment was approved by the Board of Directors. It was highlighted under Section 260 of the Companies Act, 1956.

2004

This year the Board had appointed Mr. Ranjan Kapur and Mr. Bobby Parikh as the Additional Directors.

2005

The HDFC bank had introduced the concept of loyalty rewards. These rewards were specifically meant only for the credit and the debit cardholders. This program was called the InstaWonderz.

The HDFC bank was aiming for the upliftment of the small and medium scaled enterprises (SMEs) in India. For this, it had launched a credit card with MasterCard International.

2006

The HDFC bank had established two more branches in Andhra Pradesh.

Osim intended to team up with the HDFC bank for consumer loans.

The HDFC bank had inaugurated a facility for the benefit of online shopping.

2007

The HDFC bank had teamed with the TATA Pipes to offer credit facilities to the Indian farmers.

Mr. Pandit Palande was appointed as the new Additional Director by the HDFC bank. He was appointed by the Board of HDFC bank on 24th April 2007.

The HDFC had also appointed Mr. Paresh Sukthankar and Mr. Harish Engineer as the Executive Directors. This was declared at the conference held on 12th October 2007. These gentlemen had been the senior employees of the since its initiation in 1994.

2008

The HDFC bank had tied-up with the Postal Department to extend its network in the rural areas.

The bank had won the ‘Nasscom IT User’ award.

The HDFC bank had inaugurated its first bank overseas. This bank was opened in Bahrain.

The HDFC bank had merged with the Centurion Bank of Punjab. The merger had taken place at a share swap ratio of 1:29.

2009

The HDFC bank had won the AsiaMoney award yet again. It had bagged the title of ‘ Best Domestic Bank’.

The electronic payment collection facility was offered to the Guruvayoor Devaswom by the HDFC bank.

2010

The housing finance major of the HDFC bank had introduced a variable interest rate on the recurring deposits. These interest rates were offered to attract long-term deposits. It was brought to the notice of the Board that the applicants withdraw their funds when the interest rates peak. To avoid such circumstances, these rates were introduced.

2011

The bank was aiming for 3G services to boost their mobile banking.

By this year, the HDFC bank had already opened 1,725 branches.

2013

At the Skotch Financial Inclusion Awards, the HDFC bank was named as the Organization of the Year.

The HDFC bank was instrumental in launching the Times Card.

The ‘Jet Privilege-HDFC Bank World Debit Card was launched. This was a joint initiative by the HDFC bank and Jet Airways.

2014

The Bank had set a GUINNESS WORLD RECORD. They held the record for organizing the largest blood donation drive on a single day across the globe.

2016

A digital bank was launched by the HDFC bank. This for intended only for the customers of small and medium enterprises.

The HDFC attains the top rank in the Institutional Investor Magazine.

2017

The HDFC bank had launched a student card this year.

An initiative called the ‘SmartUp Zone’ was launched to uplift the startups.

You can read about the services provided by the HDFC bank in our other article.

source http://invested.in/about-and-history-of-hdfc-bank/

[finkompas]

An individual is much like a business, with assets & liabilities, except that businesses are able to focus on evaluating their current & long term monetary goals through a dedicated financial team, while at an individual level, such sincerity and focus on granularity for financial planning is often missing.

Everyone wants to have a proper financial plan, but only a small percentage of our Indian population has actually one ready.

Through this article, we are covering the 3 simple steps which are the core of any financial plan i.e. Insure. Save. Invest. (in that order).

A. Insure

This is the first and most important part of a financial plan. Two key sub-parts of this element are:

i. Term Plan/ Term Insurance: It is the purest and most cost-effective form of life insurance, which provides financial protection in case of death of the life insured during the term of the policy. It is designed to financially protect one's family in case of the death of the main earning member.

Ideally, the sum assured or cover should be at least 15 to 20 times of annual salary. So, if one’s annual salary is Rs 10 lacs, one should try and take a minimum cover of Rs 1.5 crore. So, if something happens to the person, the family gets the sum insured. This amount when invested in a 3 or 5 years Fixed Deposit (assuming 6.6% annual returns), shall add interest of approx. 10 lacs per annum, thereby ensuring the insured person’s family is supported through tough times. If you are the main earning member of the family, the term plan is the first thing you should buy.

ii. Health Insurance/ Medical Insurance: Health Insurance is a type of insurance that in case of a medical emergency offers financial coverage for medical expenses. It provides insurance coverage to the insured with multiple benefits (dependant on the plan), including cashless hospitalization, day-care facility & coverage for terminal & critical illness etc.

Given costly medical expenses, it is advisable to have minimum Rs 1 lac cover per person, implying a family of 4 members should have a minimum family floater health /medical insurance for Rs 4 to 5 lacs. In metros like Mumbai where healthcare is costlier, you can go for top-up health insurance plans wherein you can go for a higher cover of up to Rs 10 - 25 lacs also (depending on the insurer and plan).

Critical illness is an add-on that you may take over & above the basic health insurance cover. It helps cover an assured sum up to Rs 1 Cr and is payable by an insurer in case of diagnosis of some specific medical issues/ailments (list of diseases vary from insurer to insurer).  

B. Save

Once you have covered life and health insurance, chances of financial drain and resultant anxiety are minimized. Now, as the next step focus should be to save for an Emergency Fund. The amount here can vary from 6 to 12 months of your monthly expenses (including home loans/other EMIs). So, if your monthly expenses are Rs 1 lac, you should plan to keep an emergency fund of Rs 6 to 12 lacs. It is recommended this amount be kept in the form of Fixed Deposits (considered relatively safer wrt other financial instruments) with high rated banks.

C. Invest

This is the last part of your financial plan. Now, you are good to go. After covering for the above insurances and an emergency fund, you should strive to save at least 25% of your monthly salary. These savings can then be invested in highly rated, higher return financial products like Mutual funds in a lump sum or systematic investment plan (SIP).

The earlier one starts, the better. A small monthly SIP of Rs 1000 when invested over 35 years, can help build a wealth of Rs 1 cr (assuming 12% annual returns, annual 5% incremental SIP). #timepowerofcompounding

You can also go for investment in shares of high quality/blue-chip companies. ELSS funds are also a good investment option for these equity funds invest in stocks as well as provide tax benefits under Income tax sec 80C. The idea is to generate a consistent return over long periods. If you understand how the stock markets work, companies fundamentals, you can start learning and investing. Though, wherever possible it is advisable to go for a professional financial planner.

A proper financial plan can ensure a fulfilling life, with adequate life and health insurance protection as well as wealth creation opportunities for a comfortable retirement.

Stay Healthy, Wealthy & (and the most important) Stay Happy!

Finkompas is a leading financial technology company that aims to simplify your financial life by providing you great financial products - loans, investments, credit cards.

Follow us on Facebook, Linkedin, Twitter, Instagram

[moneycareplanner]

What Strategies Do Mutual Fund Goal Planners in Mumbai Ensure My Investment Goals?

Mutual fund goal planners in Mumbai can create a diversified portfolio of mutual funds aligned with your risk profile and investment timeline to help you achieve your specific financial goals. You can contact or visit our website to know more. For more information, visit https://moneycareplanner8.wordpress.com/2024/07/01/what-do-portfolio-management-companies-in-mumbai-do/

[wealthpalofficial]

Do you love tracking investment portfolios, interacting with fund managers, and are you passionate about helping individuals achieve financial freedom? If your answer is yes, you may want to explore becoming a Mutual Fund (MF) advisor. Most MF advisors double up as financial planners, and why not. They understand client’s investment goals and combine different investment options to diversify the portfolio to minimize risks and maximize returns. The role of mutual fund advisors is no longer easy. There are more than 2500 different mutual schemes managed by 44 different fund houses in India to choose from. One needs to have a comprehensive understanding of comparative investment strategies of fund managers to figure out which fund matches the investor’s interest. According to Pravin Taparia, a MF advisor based out of Mumbai, “Mutual Fund schemes are as varied as animals of the African jungle. If you don’t have an analysis platform and if you don’t understand the thought process of fund managers, which means you have to know the fund managers personally, you cannot do justice to your clients.” Apart from a valid certification from NISM, here is what it takes to start your new business. #financialrequirements #newbusiness #businessrequirements #careertransition https://www.instagram.com/p/CBfDOzilvY3/?igshid=lbbau3e343vg

[chamunda-investment20]

Why Does The Best Financial Advisor in Mumbai Preach About Compounding in MF Investments?

People often say that mutual funds benefit from the power of compounding, but many don't truly understand what it is and how it works. Understanding compounding can change how you approach your investments, especially in mutual funds.

What Is Compounding?

Compounding is a powerful financial concept where the returns you earn on your investments begin to generate their own returns. This creates a snowball effect, where your investment grows at an increasing rate over time. The longer you stay invested, the more pronounced the effects of compounding become. If you wish to learn more, reach out to the best financial advisor in Mumbai.

How Does Compounding Work in Mutual Funds?

When you invest in mutual funds, you earn returns in the form of capital gains, dividends, or interest. Instead of withdrawing these returns, reinvesting them allows them to generate returns on their own, leading to exponential growth in your investment.

For example, suppose you invest ₹1 lakh in a mutual fund with an average annual return of 10%. At the end of the first year, your investment grows to ₹1.10 lakh. If you reinvest this entire amount, the next year's 10% return is calculated on ₹1.10 lakh, resulting in a higher return in the second year and continued growth as you stay invested.

The Importance of Staying Invested

Compounding is most effective when you stay invested for a long period. The early years might not show significant growth, but as time passes, the growth becomes exponential. This is why starting early and staying invested is crucial for maximizing the benefits of compounding.

For example, if you invest ₹1 lakh at the age of 25, and earn an average annual return of 10%, your investment could grow to over ₹1.08 crore by the time you turn 60. However, if you start the same investment at the age of 35, it would grow to around ₹41 lakh by the age of 60. The 10-year difference in starting age results in a significant difference in the final amount.

Compounding and Systematic Investment Plans (SIPs)

Systematic Investment Plans (SIPs) work hand-in-hand with compounding. With SIPs, you invest a fixed amount regularly, and the returns generated by your SIP investments also get reinvested, creating a compounding effect.

SIPs make compounding more accessible because you don’t need a large lump sum to start investing. With small, regular investments, you can benefit from compounding over the long term.

Conclusion

The power of compounding in mutual fund investments is a simple yet effective way to build wealth over time. Chamunda Invest, the best financial planner in Mumbai can help you throughout. By reinvesting your returns and staying invested for the long term, you can significantly enhance the growth of your investment. Understanding and leveraging compounding can make a substantial difference in achieving your financial goals.

[lisaskate4]

Plan your investments for this year, don’t rush

Mumbai: Amit Choudhary, 40, an accounts manager at Shemrock Group of Schools in Delhi, thinks that a new financial year (FY) is a good time to look at one’s finances. “I believe in planning at the beginning of the FY to avoid any hurried investment decisions and the discomfort in the last three months," said Choudhary. While 35% of his investment corpus is in debt funds and insurance plans, 65% is in equities, which includes systematic investment plans (SIPs) in mutual funds. “For FY20, if the markets get volatile considering it is an election year, I would still continue my investments." Financial planning is about creating a plan to meet one’s financial goals. If you are still struggling to plan your finances, here we tell you how to:

Manage your cash flow

Cash flow management is the ability to manage the money that comes into your account as income and the total outgo towards expenses and investments. Most people will know their income, but not everyone pays attention to their expenses. If you are not sure how much you spend, you can start keeping track of it for the first six months to get an idea. According to financial planners, you should save first and then invest. “First cut a cheque for your investments and then plan your expenses. Doing the reverse will leave no room for savings," said Deepali Sen, founder, Srujan Financial Advisers LLP.

Build your emergency fund, buy insurance

Your next step is to use the money you save to build an emergency fund and buy insurance policies before you start investing. For instance, Mumbai-based Bhagyashree Shinde, 28, a customer services representative at Ashland India Private Ltd, has decided to first build an emergency fund for FY20. “My first goal for FY20 is to have a contingency fund," said Shinde. Emergency fund provides you cushion in case of unforeseen circumstances such as job loss or any kind of medical needs. As a thumb rule, you must have at least six to 12 months expenses as emergency fund.

Your next step should be to have adequate insurance. Remember that insurance is not an investment product; it is for protection. If you have dependents, buy a term plan with a cover that is at least 10 times your annual income. Even if you have a health cover from your employer, you should buy a basic health plan. “The need for health insurance stems from rising healthcare costs along with increase in number of health issues," said Ravi Vishwanath, executive director and chief executive officer at Reliance Health Insurance. The amount can vary based on location and age. If you are 30-year-old living in a metro city, you should have a health cover of at least Rs.10 lakh.

Start investing based on your financial goals

The next step is to start building your kitty for your short-term and long-term needs. Your goals can be categorised into long-term (retirement or child’s education) and short-term (annual vacation or buying a home appliance or gadget). For short-term goals you can consider fixed income instruments such as fixed deposit and debt fund. In case of long-term goals, you can opt for equity through mutual funds along with a mix of debt, depending on your risk appetite.

“You should first ask why you want to invest in mutual funds. You must have your goals clear in your head," said Swaroop Mohanty, chief executive officer of Mirae Asset Global Asset Management Co. Ltd. Overall, you can make use of multiple financial instruments such as mutual funds, public provident fund and fixed deposits. Through your financial plan, you can indirectly fulfil your tax investment. “A lot of time taxpayers end up investing in tax-saving instruments for convenience instead of those instruments which suit their needs," said Pawan Agrawal, founder of Invest Guru. So, this FY, focus on financial planning and not on just saving tax.

Source: https://www.livemint.com/money/personal-finance/investment-don-t-rush-plan-in-advance-1554371659916.html

[maloofinance]

low-income-financial-plan

Low income, unplanned decisions and unrealistic goals are relatively common among middle-class households. When SEBI registered fee-only financial advisor Preeti Zende discussed the budget for a few with kids, many readers were in disbelief – how can we invest such a lot for such financial goals? Preeti Zende may be a SEBI Registered investment adviser (RIA) and Fee-only Financial Planner based in Navi Mumbai India. She is an Associate of Insurance Institute of India (AII) and features a post-graduate Diploma in Business Finance from ICFAI university. She also holds a Masters’s degree in Commerce from Pune University. Preeti was related to the Insurance and Finance industry for long and having experience in both administration and marketing of monetary products. She had worked as a Medical and Nonmedical Underwriter and was heading a top quality check team in Reliance life assurance Company. She also worked with ICICI Prudential life assurance Company’s sales and marketing team. you'll contact her via her website, Apanadhan. As financial planners, we encounter many sorts of clients. Some are earning well, and a few are from medium earning group, some are with double income, some are the sole earners in 6 relations , some are conservative investors, some are very aggressive investors, some are confused about life goals and a few are very focussed and well prepared. Some are very cooperative, and few are rigid. Financial Planners in jaipur don't just plan your finances, but they work more on the client’s behavioural and psychological pattern towards Personal Finance and life too. What are the priorities of a financial planner when a client approaches them? to form them understand the importance of identifying their life goals and plan their investments accordingly. Sadly this process isn't straightforward. When clients pen down their life goals and aspirations, repeatedly , there's a mismatch. Therefore we'd like to priorities. Some of you'll have seen the reactions to my previous article of designing education and marriage for youngsters . The case discussed of Ventakesh and Latha, got many comments about the high monthly investment required for teenagers education and marriage planning. therein case, that couple was earning well, and that they could afford to allocate that much amount for teenagers education and marriage planning as their other life goals were set. This is not the case for several middle-class Indian families. Parents do want to offer best to their kids, but this relies on our income. If our finances permit, we will fulfill those and feel relaxed, but if not, then what can we do? What can a financial Advisor neutralize such a situation? she can provide a rosy picture to the client and convey them that “All is Well “now and “All are going to be better tomorrow” or are often fair with them and make them understand the important situation and supply the answer accordingly. The first way is quite easy. Everybody wants secure solutions and assurance that things will always be favorable. How can this picture be created? Prioritize life goals: Give priority for retirement planning over the other goal. After retirement kid’s education and marriage planning goals, house purchase, car purchase goal, and dream vacations etc. are often accounted for. Invest within the proportion of the priority and urgency Study your spending pattern: once we can’t invest the specified amount to fulfill our goals what we will do? we've two options: spend less or earn more. we'd like to figure on both options. While studying our spending pattern we will put needs over wants. Pen down each expense or track the typical of six months expenses, etc. Save first spend later: this may help to extend saving as you'll fix your monthly saving percentage and achieve it. Make a monthly budget: Budgeting helps to be disciplined in spending and any impulsive spending are often curbed. Be content and find real happiness in experiences instead of things: If we start moulding our mind towards happiness we are deriving from the experiences, our desire to spend on material happiness will go down. this may help in increasing our savings. Focus on secondary/passive income: during this times , there are n numbers of excellent options available to earn a secondary income. Explore them. specialise in those during which you've got interest and knowledge. Use your overtime to earn this income which can assist you all achieve all those dreams and aspirations you've got in mind. Upgrade your skills and knowledge for a far better prospect. It was not hard to convince Prashant and Sneha to figure on these aspects. We mutually derived the subsequent points on which the budget was based. Financial Planning in jaipur may be a lifelong dynamic process. we've to stay reviewing our financial situation periodically, make necessary changes in our corpus requirement from time to time consistent with the change in our income and expenditure, family responsibilities, market returns etc and see how we will achieve all our dreams in our lifetime. mutual fund in jaipur, Tax planning in jaipur

[itsmyfintree-blog]

SIP Investment is where an investor invests a fixed amount of money every month on a fixed date. The Investors who do not wish to take the risk of investing in the volatile market can invest through Systematic Investment Plan. SIP claims disciplined investment & are flexible in nature allowing investors to invest as per their requirement. The investor can invest in SIP investment in small amounts as well.The SIP Investment Planner suggest you funds for investing depending upon your financial needs.

Just like you make EMI’s for today’s big expenses, choose a SIP for achieving your long term goals

Consult a SIP Investment Planner as it always advisable to make a plan to achieve your Short Term & Long Term Financial Goals

SIP Investment Planner helps you achieve your goals sensibly by making you invest in mutual funds as per your requirement and also help to manage your investment portfolio.

[righthorizons-blog1]

Certified Financial Planners in Bangalore

Everyone will have a dream in achieving their financial goals. You need a good advisor to guide you. There are many financial planning company's. But its important to be a Certified Financial Planners. Right Horizon is a SEBI registered Financial Planners.

Right Horizons started in the year in 2003.

Its head office is located in Bangalore, Karnataka.

We have our branch offices in 8 cities including Mumbai, Chennai and Hyderabad.

Our Company is a Financial Advisory firm which provides end to end wealth management plans under one roof.

The main focus is to provide solution for specific customer needs, catering from tax planning up to real estate level.

We will take care of all your financial needs with great precision and care.

Our Services Include:

Financial Planning

Wealth Management

Retirement Planning

Insurance Broking Services

Family Office

Real Estate

Corporate Offerings

Investment Banking

Non-Resident Indian Offerings

Corporate Advisory

CFP Training

Mutual Funds Online

Portfolio Management

                 “Your Goals + Our Expertise = Target Achieved“.

Right Horizon is a Certified Financial Planner which helps you to set a goal on how much you want to spend, save and invest at the same time to obtain a good financial future.

To know more in detail, kindly visit - http://www.righthorizons.com.

[aftergraduation-blog]

Finance Certificate Courses For Better Finance Career Opportunities

If you love statistics and mathematics with have a good analytical skill, then you are in the right industry "Finance". But finance certifications in itself is just the foundation for your finance career. It is a vast industry and has innumerable sub-fields consisting of dedicated services, each requiring a specialization. In the current job scenario, Finance Certificate Courses have gained growing importance.

For a thriving career in Executive Master in Finance Program, stages aren’t sufficient anymore. Students want to have an edge that allows you to grab the excellent opportunities and they can get them thru a finance certification. Specific finance certificate courses can enable you to gain an edge over the regular opportunities and help you to secure a job that best compliments your interests and aptitude.

Some Advantages of  Finance Certificate Courses

They help individuals to perform better and strive towards excellence.

They improve the market value of a professional, thus increasing their visibility for recruiters.

As these finance certifications hold great value, Individuals with higher credentials are well- regarded in the corporate domain.

Higher qualification and credentials mean more job security.

Obtaining finance certifications in a certain area exhibits your proficiency in that particular field and ensures faster career progression and higher returns.

Individuals with such finance certifications can expect up to 15% higher remuneration than the current market average.

Also if one is looking for a little change in job or job profile, a different finance certification will help you acquire a job of your interest and choice.

But the question right here is – Which certificates finance route to pick? Select the proper one and it could help take your career to the subsequent level. Pick out the wrong everybody your difficult work will go down the drain.

Begin by putting down your three-year plan and five-year plan, after which undergo our significant listing of the pleasant certification courses in Finance Courses India to select out the direction in an effort to help you accomplish your 3-year and 5-12 months plan.

Licensed Monetary Planner

Financial planners are answerable for managing personal and corporate finances. The duration of the direction is 6 months to at least one 12 months, and the precise time relies upon at the area you pursue the course from.

There are four checks in overall which include chance analysis and insurance planning, retirement making plans and employee advantages, investment making plans, and tax planning and estate planning.

ACCA

The ACCA certification offers you a membership within the association of chartered licensed accountants, UK and expert qualification in auditing, accountancy, and taxation. ACCA route is also popularly referred to as the British Chartered Accountant Career Options.

ACCA assessments in India are held in June and December every year with the aid of British council and the registration fees around INR 30,000.

National Institute of Securities Markets (NISM)

Clearing NISM certification now not best gives you an extra sparkling profession, but it also gives you with a vast expertise in the securities marketplace, economic market, stocks, brokerage, and mutual price range.

The Securities and Exchange Board of India (SEBI), the certification has 10 tests of two hours every day and the charge for them varies between INR 1250 – 4495. You could take a look at the complete element of the exams right here.

The extremely good part about NISM path is that there's no minimal qualification or age restriction.

Chartered Institute for Securities & Investment (CISI)

CISI price in India has most effective increased over the last few years and this is due to the fact the certification equips you with the essential basis had to paintings inside the investment and securities marketplace.

The CISI certification provides a gaggle of publications together with monetary derivatives, fund control, carried out wealth control, and operational hazard. The overall fees for the certification go to around £1.7k.

READ Too: Various Certification Courses For A Finance Professional

NSE Academy Certification in Financial Markets (NCFM)

NCFM is NSE’s certification in an economic market that is absolutely one of the maximum popular certifications inside the financial area.

If you are hoping for an aspiring professional in finance or stock broking, then we strongly endorse getting NCFM certifications due to the fact that NSE is the largest stock exchange in India, in phrases of extent.

Just like NISM, there isn’t any minimal training or age requirement for NCFM but candidates are predicted to be talented in English. the exam prices INR 1500 and it's miles performed at six NSEIL places of work across India which incorporates – Chennai, Mumbai, Delhi, Kolkata, Ahmadabad, and Hyderabad.

CIMA (Chartered Institute of Management Accountants)

The CIMA is a united kingdom primarily based professional frame offering the right schooling and qualification in management accountancy and different associated subjects. It majorly goals to construct capable and assured accountants and monetary professionals who can lead their groups to sustainable achievement. The primary sports of CIMA are promotions of local education, schooling, studies of new strategies, circulating accounting primarily based practices thru publications, media-related activities, and so on

While these are simply some of the various Online Certificate Course in India, everyone is ideal in its own manner. A certification in NCFM and NISM could be top notch in case you need to go into stock broking or understand the stock change markets a bit greater. However, in case you are seeking out more global possibilities, ACCA will be the way to move.

Post your queries and comments regarding Finance Certification Courses and Executive Master in Finance Program on our Aftergraduation Forum and we would be happy to help and suggest you. Connect with us for all latest updates on Linkedin, Facebook, and Twitter also.

[personalfn-blog]

Why You Should Seriously Think About Fee-Based Financial Planning

Harry, an artist by profession, followed his best friend Tom’s advice in financial planning and consulted him for every financial decision. Tom was a financial advisor who had very little practical knowledge. He provided a free service and had a commission-based revenue model. Harry’s portfolio progressed well for a year, and he was happy with the growth. But, as soon as the markets started to decline, he incurred heavy losses. Suhas, on the other hand, invested his entire investible surplus by himself. He did some research all by himself, to zero down on stocks and mutual funds, and purchased them when their prices/NAV fell. He perceived this to be value buying, but little did he care for the macroeconomic indicators and fundamentals of the securities. Such an out of kilter approach has resulted in a loss for his investment approach. What is the one thing that Harry and Suhas both need the most at this point of time? A professional unbiased certified financial guardian! You pay for nearly all the services you are rendered, then why should you hesitate to pay for your own financial plan in the interest of your long-term financial wellbeing? But you need financial planner, or in fact a financial guardian who is a mark of trust and respect, and he/she exemplified high fiduciary standards at all times —handles your hard-earned money with enough care and prudence, much as how even would managing his own personal finances with an unbiased and an independent approach, where the recommendations are backed by rationale and scientific study. A fee, however, is the monetary price you would have to defray to avail such a service. Many unfortunately, don’t reach out to financial guardian. Like Harry and Suhas, they either rely on agents/distributors who keep their interest (or earning greater commissions) at fore than of their clients, or simply rely on their own shoddy research to invest, or even follow tips from friends or relatives, jeopardising their long-term financial wellbeing. And hence, many naïve investors like Harry and Suhas blame the market when they encounter losses. Some are even intimidated with the idea of sharing personal details, trying to manage everything all by themselves. But the fact is, you need to have an in-depth knowledge and correct approach to sail through market movements and emerge as a winner. You need a financial doctor to treat your financial ailments (debt trap, failure of achievement of goals) so that your financial health is taken care of. You see, fee-based financial planning offers a host of advantages… Unbiased opinion If a financial planner is charging a fee to draw up a financial plan without any obligation of making investments through it, chances are that all the recommendations he/she provides you with will be unbiased. But, if a financial planner is giving you a free financial plan, alarm bells should go off. He/she may have ulterior motives to provide this free service. Most of the time, their recommendations will be biased and driven by the commissions they could earn. These recommendations might or might not address your investment objective(s), financial goals. Mind you, there are no free lunches! Nothing comes for free. If a financial plan is offered to you for free, the quality of this plan is questionable and poses a risk to your financial wellbeing. This is because the planner offering such a plan could be pushing financial products unsuitable for you and to your financial wellbeing. On the contrary, these might be in his/her interest (through big fat commissions!) leaving you in the lurch. The services provided should be fee-based to ensure that commission income does not influence their recommendations. Professional Relationship Financial guardians handhold you in the path to wealth creation and your financial wellbeing. As mentioned before, they illustrate high fiduciary standards and professionalism, which is a trust building factor amidst time where trusting people, has become increasingly difficult. You can ask pertinent questions to a financial guardian, a fee-based financial planner and he/she will be glad that you asked and happily answer to the best of his/her ability keeping your interest in mind; which otherwise with friends or relatives can be challenging. Moreover, the emotional bias is rule out. A High-end customised advice A financial plan offered for free might be a standard service, aiming to push financial products that chart a comprehensive path to accomplish the envisioned financial goals. For example, you and your best friend approach a financial planner, he/she might create the same plan for you. This might not work for you both as individuals. Each one has his/her own goals, risk appetite, preference, etc. Remember, your risk appetite might not be as same as your neighbour’s. Hence, you need a tailor-made financial plan. Your risk appetite could be far different than your friend or relative. Remember, one size does not fit all. A fee-based financial plan will provide you with customized service which can be altered as per your needs, change in circumstances; enabling you to accomplish your financial goals. After sales support Please note that entering into an investment is just the starting point, you need to judge whether your financial advisor provide prudent and reliable after-sales support. A financial guardian who is easily accessible, and who literally handholds you in the journey of fulfilling your life goals, with the much needed prudence and empathy is generally the best option. Keep this in mind… If we recognise the facets to be considered while selecting a prudent, independent, and unbiased adviser, you’ll understand that selecting a good financial planner is like selecting a good spouse in many ways — one who will stand by you through health and sickness. At PersonalFN, we always follow high fiduciary standards, and put your, the investor’s interest at the fore. This is in our DNA, and it will always remain. Here’s what some of our clients have to say about us…

Unbiased advice on the basis of thorough research process. It is always a pleasure to read all articles posted by PersonalFN which are very informative, clear and concise to the point. During the creation of my financial plan, the team was very responsive, attended to my concerns and clarifications very well. Overall very happy with the service provided to me by PersonalFN and would definitely recommend it to anyone.

- Joseph Samuel, Mumbai

I researched the services of a CFP and zeroed in on PersonalFN. I found the Investment Consultant from PersonalFN very helpful, attentive, and easy to understand. He was open and honest and suggested products to me without any ulterior motives attached. Using the income and outflow, PersonalFN showed me how I can reduce my liabilities and build my insurance, contingency, leisure and retirement portfolios in a structured and sustained manner. It is definitely an organization I would recommend to my peers and family.

– Kaushik Iyer, Mumbai

PersonalFN

is a SEBI registered investment advisor. The fundamentals we firmly believe in are:

✔ Client first philosophy

✔ Confidentiality of your financial data

✔ Handhold you at every step in your financial planning process

✔ Unbiased recommendation backed by more than a decade long research experience

✔ Disclosure of any kind of income we earn from you

✔ Aim to establish a long-term relationship with you, rather than just a financial plan

Schedule a call with investment consultant now and start your journey towards financial freedom today!

Happy financial planning & investing!