SWATANTRA KUMAR 'S The Gift of EXPERT 6 MANTRAS … · 6 MANTRAS TO ACHIEVE FINANCIAL FREEDOM...
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While thanking God for a good 2019, did you think of all those people who worked hard to make it a smooth year for you? These are your maid, security guard, liftman, caretaker or even driver. How about gifting them something and expressing your gratitude? Why is the gift of knowledge so precious? You know the importance of saving and investing, but your helping hands may not. Anything other than knowledge will come with an expiry date. But, if you impart financial knowledge to them, years later, they will have enough money to buy those gifts themselves. How to gift? ● Teach them the importance of saving, investing, and securing their life and health. ● Use calculators and simple figures to show them how their money can multiply. ● Encourage them to open a Bank account. ● Educate them about investments with minimum investment amounts. For example, you can tell them how they can multiply their hard-earned savings by investing `500 in Mutual Fund Systematic Investment Plans (SIPs). Remember, by gifting them financial knowledge, you are gifting them a secure future. The Gift of Knowledge THE GIFT OF KNOWLEDGE! This content was created exclusively for UTI Swatantra. Visit http://www.utiswatantra.com for more information In the next edition: Investing is an important mantra for attaining financial peace. However, a lot of people don’t invest because of ‘fear’. In the next edition, we will take up this behavioural finance concept and look at ways of overcoming them. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. To understand why you must not delay investing, tune in to UTI Swatantra Facebook Live on 30th January 2020 from 5 pm onwards and catch the show on ‘Don’t procrastinate, invest today’. Disclaimer: To know about the KYC documentary requirements and procedure for change of address, phone number, bank details, etc. please visit https://www.utimf.com/servicerequest/kyc. Please deal with only registered Mutual Funds, details of which can be verified on the SEBI website under “Intermediaries/Market Infrastructure Institutions”. All complaints regarding UTI Mutual Fund can be directed towards [email protected] and/or visit www.scores.gov.in (SEBI SCORES portal). This material is part of Investor Education and Awareness Initiative of UTI Mutual Fund. RESULT In the last edition, we asked you - Do you think one should begin investing for their financial goals right from their first paycheck? EXPERT OPINION It is best to identify and start investing for your financial goal as early as possible because wealth creation takes time. This way, the sooner you begin, the larger your corpus gets with time. And the best part is that when you start early, you can start with small investments. Monthly SIPs of even `1,000 or `2,000 are a good starting point. YES 91% Here's how you voted NO 9% READER ' S POLL Do you have an estimate of how much savings you will need to retire considering your desired retirement age? Share your answer via SMS. Type Poll<SPACE>YES or Poll<SPACE>NO to 5676756. In the next edition, you can find out how many people agree with you. YES NO Can I change my Mutual Fund SIP amount every month? "SIP Amount cannot be changed every month. Change can be set to happen quarterly, half yearly or annually through predefined top-ups in terms of percentage increase. Some of the AMCs provide Flexi SIP provisions, in this investor can decide the minimum fixed SIP instalment amount per month. This is the minimum amount to be invested regularly in any circumstances. However, Investment amount can change on the basis of a pre-decided formula. An investor can invest a lower amount when markets are high and a higher amount when markets are low. The total amount invested during the tenure of the flexi SIP will not exceed the total fixed instalment amount multiplied by the number of SIP instalments." GURUSPEAK C N Seetharaman Partner, Shree Bhagyalakshmi Investment Consultants Anil Bharadwaj Financial Expert, Wealthbox Advisory Services Pvt Ltd Investor should create an emergency fund to avoid such situations to manage the uncertainties in day to day life. Preferably 6 months of their whole commitment including EMI should be kept as emergency fund like liquid fund to overcome this situation. Investor would have risked missing out on days that registered some of the biggest gains and the CAGR would have dropped drastically. Missing out the transactions would have an impact on the financial goals of the investor. Investors may not enjoy the power of compounding effect with missed out transactions. SIP of `10,000 invested monthly for a period of 30 Years at a rate of 12% p.a. will yield approx corpus of `3.5 crores. This goal will vary if there are any missed out transactions in the SIP. HERE’S WHAT THE EXPERT SAID EXPERTSPEAK A reader asked us: I am in between jobs right now and fear I might miss one or few of my SIP instalments. Is there any fine if I miss? SIP can be your mantra to attain financial peace. It is never too late to think about tranquillity; start now! TAX CORNER If you want to earn good returns in the long-term and enjoy Tax benefits in the short-term, then Equity Linked Savings Scheme (ELSS) is a suitable option for you! 6 MANTRAS TO ACHIEVE FINANCIAL FREEDOM People go to the Himalayas to find inner peace. But what about financial peace? Well, the good news is, you need not go anywhere in its quest. All you have to do is practice these financial mantras. SWATANTRA KUMAR ' S Analyse your financial state You yearn for peace when something starts disturbing you or when you know something is not right. Mantra1 SO: First find out what’s wrong with your finances. HOW: Take stock of your financial life. Quantify all your assets and liabilities. List down your income and expenses. Don’t forget to understand your financial strengths and weaknesses. Seek financial advice When you are going through constant lows in life, you want someone to talk to you, console you, and guide you. They could be your friend, teacher, mentor, parents or even a counsellor. Mantra2 SO: Look for someone whom you can talk to about your finances. HOW: Find out about Financial Advisors from friends, colleagues, on the internet, etc. and do a thorough background check of the shortlisted ones. Next, know about their qualifications and experience. Also, ask them questions about their success rate, tie-ups among other things. Save for your goals The mountains are calling to give you peace, but do you have the energy to climb? Mantra 4 SO: Now that you know what you want, start saving for them. HOW: Keep aside a small sum each month for your goals and a separate amount for emergencies. As a thumb rule, you must at least try to save 20% of your monthly income. The higher the percentage, the better it is for your finances. Invest You invest your time and money for attaining mental peace. Do the same for attaining financial peace. Mantra5 SO: Invest your savings to build wealth, save for goals and emergencies, save Taxes and have a comfortable retired life. HOW: Equity Mutual Funds can help you build wealth in the long run. You can also save Taxes on investments up to `1.5 lakh annually by investing in Equity Linked Savings Schemes (ELSS). For systematically building your retirement fund, you can invest in Solution Oriented Retirement Funds. Moreover, for boosting your emergency savings, you can invest in Liquid Mutual Funds. Review your investments Just how you try to ascertain if the mantras are helping you in any way, you must try to ascertain if your investments are helping you achieve your goals. Mantra6 SO: Review your Mutual Fund portfolio at regular intervals. HOW: The Net Asset Value of your Fund gives you an idea about its per unit market value. You can even approach Financial Advisors for help. Set financial goals You meditate to improve your concentration, reduce anxiety and depression. Mantra3 SO: Your money has many ways out. You must set financial goals first. HOW: Think of all the big and small things that you wanted but didn’t have enough money for them. These become your goals. Next, decide on the tenure of achieving them. For more details, follow us on Twitter @utimutualfund; Email queries or suggestions: [email protected] Please mention ‘Swatantra in HBL’ in subject line. For more such financial advice, head to our website: http://www.utiswatantra.com
Transcript of SWATANTRA KUMAR 'S The Gift of EXPERT 6 MANTRAS … · 6 MANTRAS TO ACHIEVE FINANCIAL FREEDOM...
While thanking God for a good 2019, did you think of all those people who worked hard to make it a smooth year for you? These are your maid, security guard, liftman, caretaker or even driver. How about gifting them something and expressing your gratitude?
Why is the gift of knowledge so precious?You know the importance of saving and
investing, but your helping hands
may not. Anything other than knowledge will come with an expiry date. But, if you
impart fi nancial knowledge to them, years later, they will have enough money to buy those gifts themselves.How to gift?● Teach them the importance of saving,
investing, and securing their life and health.
● Use calculators and simple fi gures to show them how their money can multiply.
● Encourage them to open a Bank account.● Educate them about investments with
minimum investment amounts. For example, you can tell them how they can multiply their hard-earned savings by investing `500 in Mutual Fund Systematic Investment Plans (SIPs).
Remember, by gifting them fi nancial knowledge, you are gifting them a secure future.
The Gift of Knowledge
THE GIFT OF KNOWLEDGE!
This content was created exclusively for UTI Swatantra. Visit http://www.utiswatantra.com for more information
In the next edition: Investing is an important mantra for attaining financial peace. However, a lot of people don’t invest because of ‘fear’. In the next edition, we will take up this behavioural finance concept and look at ways of overcoming them.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
To understand why you must not delay investing, tune in to UTI Swatantra Facebook Live on 30th January 2020 from 5 pm onwards and catch the show on ‘Don’t procrastinate, invest today’.
Disclaimer: To know about the KYC documentary requirements and procedure for change of address, phone number, bank details, etc. please visit https://www.utimf.com/servicerequest/kyc. Please deal with only registered Mutual Funds, details of which can be veri� ed on the SEBI website under “Intermediaries/Market Infrastructure Institutions”. All complaints regarding UTI Mutual
Fund can be directed towards [email protected] and/or visit www.scores.gov.in (SEBI SCORES portal). This material is part of Investor Education and Awareness Initiative of UTI Mutual Fund.
RESULTIn the last edition, we asked you - Do you think one should begin investing for their fi nancial goals right from their fi rst paycheck?
EXPERT OPINIONIt is best to identify and start investing for your fi nancial goal as early as possible because wealth creation takes time. This way, the sooner you begin, the larger your corpus gets with time. And the best part is that when you start early, you can start with small investments. Monthly SIPs of even `1,000 or `2,000 are a good starting point.
YES 91%
Here's how you voted
NO9%
READER'S POLLDo you have an estimate of how much savings you will need to retire considering your desired retirement age?
Share your answer via SMS. Type Poll<SPACE>YES or Poll<SPACE>NO to 5676756. In the next edition, you can fi nd out how many people agree with you.YES NO
Can I change my Mutual Fund SIP amount every month?"SIP Amount cannot be changed every
month. Change can be set to happen quarterly, half yearly or annually through predefi ned top-ups in terms of percentage increase. Some of the AMCs provide Flexi SIP provisions, in this investor can decide the minimum fi xed SIP instalment amount per month. This is the minimum amount to be invested regularly in any circumstances. However, Investment amount can change on the basis of a pre-decided formula. An investor can invest a lower amount when markets are high and a higher amount when markets are low. The total amount invested during the tenure of the fl exi SIP will not exceed the total fi xed instalment amount multiplied by the number of SIP instalments."
GURU SPEAKC N Seetharaman Partner, Shree Bhagyalakshmi Investment Consultants
Anil BharadwajFinancial Expert, Wealthbox Advisory Services Pvt Ltd
Investor should create an emergency fund to avoid such situations to manage the uncertainties in day to day life. Preferably
6 months of their whole commitment including EMI should be kept as emergency fund like liquid fund to overcome this situation. Investor would have risked missing out on days that registered some of the biggest gains and the CAGR would have dropped drastically. Missing out the transactions would have an impact on the fi nancial goals of the investor. Investors may not enjoy the power of compounding effect with missed out transactions. SIP of `10,000 invested monthly for a period of 30 Years at a rate of 12% p.a. will yield approx corpus of `3.5 crores. This goal will vary if there are any missed out transactions in the SIP.
HERE’S WHAT THE EXPERT SAID
EXPERT SPEAKA reader asked us: I am in between jobs right now and fear I might miss one or few of my SIP instalments. Is there any fi ne if I miss?
SIP can be your mantra to attain financial peace.
It is never too late to think about tranquillity;
start now!
The Gift of
TAX CORNERIf you want to earn good returns in the long-term and enjoy Tax benefi ts in the short-term, then Equity Linked Savings Scheme (ELSS) is a suitable option for you!
6 MANTRAS TO ACHIEVE FINANCIAL FREEDOM
People go to the Himalayas to fi nd inner peace. But what about fi nancial peace?
Well, the good news is, you need not go anywhere in its quest. All you have to do is
practice these fi nancial mantras.
SWATANTRA KUMAR'S
Analyse your fi nancial stateYou yearn for peace when something starts disturbing you or when you know something is not right.
Mantra1 SO: First fi nd out what’s wrong with your fi nances. HOW: Take stock of your fi nancial life. Quantify all your assets and liabilities. List down your income and expenses. Don’t forget to understand your fi nancial strengths and weaknesses.
Seek fi nancial adviceWhen you are going through constant lows in life, you want someone to talk to you, console you, and guide you. They could be your friend, teacher, mentor, parents or even a counsellor.
Mantra2 SO: Look for someone whom you can talk to about your fi nances. HOW: Find out about Financial Advisors from friends, colleagues, on the internet, etc. and do a thorough background check of the shortlisted ones. Next, know about their qualifi cations and experience. Also, ask them questions about their success rate, tie-ups among other things.
Save for your goalsThe mountains are calling to give you peace, but do you have the energy to climb?
Mantra 4 SO: Now that you know what you want, start saving for them.HOW: Keep aside a small sum each month for your goals and a separate amount for emergencies. As a thumb rule, you must at least try to save 20% of your monthly income. The higher the percentage, the better it is for your fi nances.
InvestYou invest your time and money for attaining mental peace. Do the same for attaining fi nancial peace.
Mantra5 SO: Invest your savings to build wealth, save for goals and emergencies, save Taxes and have a comfortable retired life. HOW: Equity Mutual Funds can help you build wealth in the long run. You can also save Taxes on investments up to `1.5 lakh annually by investing in Equity Linked Savings Schemes (ELSS). For systematically building your retirement fund, you can invest in Solution Oriented Retirement Funds. Moreover, for boosting your emergency savings, you can invest in Liquid Mutual Funds.
Review your investmentsJust how you try to ascertain if the mantras are helping you in any way, you must try to ascertain if your investments are helping you achieve your goals.
Mantra6 SO: Review your Mutual Fund portfolio at regular intervals.HOW: The Net Asset Value of your Fund gives you an idea about itsper unit market value. You caneven approach Financial Advisors for help.
Set fi nancial goalsYou meditate to improve your concentration, reduce anxiety and depression.
Mantra3 SO: Your money has many ways out. You must set fi nancial goals fi rst. HOW: Think of all the big and small things that you wanted but didn’t have enough money for them. These become your goals. Next, decide on the tenure of achieving them.
For more details, follow us on Twitter @utimutualfund; Email queries or suggestions: [email protected] Please mention ‘Swatantra in HBL’ in subject line. For more such fi nancial advice, head to our website: http://www.utiswatantra.com
