Latest Posts
Deepak was a daydreamer. He often used to dream of living a life free from 9 to 5 work life, pursuing his passion and creativity, spending time with family, doing social work etc. He wondered how much amount of wealth or bank balance is needed so that interest earned could take of his living and give him enough time to live life on his terms. He figured out that One crore kept in mutual funds could take care of his monthly expenses with some surplus to take care of contingencies. So, creating a wealth of one crore became his driving force to earning as well defining economic discipline. He also understood that just savings is not enough; the saving has to be utilized to create further wealth.
(more…)
Rohit Grover
June 1, 2018
How Tocreating wealth, How to build your first CRORE, increase savings, savings
Read more >
There are few days when one is eager to reach office in time. It’s the day of declaration of performance appraisal or bonus. Both mean increase in take home income that could be used for various things. One will find that in almost all cases the money to be used for, is decided quite in advance and mostly for some holidays or buying some new things. Very few follow the principle of using the increased income to reduce liability like loan or invest for long term benefits. A random survey would indicate that a very small number have a financial plan in place and allocate their money according to the plan.
(more…)
Mushtaq Kazi
May 29, 2018
How To7th pay commission, how to plan for pay hike?, invest properly when it comes to salary hike, pay hike, plan a review with your advisor, salary hike
Read more >
- My returns have come down
- How long will this continue
- I want to stop my SIP
- I want to restructure my portfolio
- I want to close my investment account
Since last six months, with the market trend & big swings (up & downs), we all are getting these thoughts. Everyday when we hear new stories, our thoughts get compounded further, what do I do now?
(more…)
Manoj Chahar
May 24, 2018
InvestmentsHow long will this continue, I want to close my investment account, I want to restructure my portfolio, I want to stop my SIP, My returns have come down, what do I do now?
Read more >
Akash just completed his MBA and landed a six figure salaried job in IT company. The shift from small town to city with its fast lifestyle made him ecstatic as his dreams came true. Work hard and party harder became his life. At the same time, he fulfilled his family obligations by taking care of his parents. His girlfriend born and brought up in city had a problem of plenty. Living life today was the mantra. But a sudden economic slowdown and many of these young generation had no saving to fall back on. Welcome to the millennial generation of urban India.
(more…)
Manoj Chahar
May 19, 2018
Mutual Fundshow to be financially independent, Mutual Funds Guide to Millennial
Read more >
“What’s in a name? that which we call a rose by any other name would smell as sweet.”
― William Shakespeare, Romeo and Juliet
Most Indian mutual fund managers won’t agree with the above quote. SEBI has instructed Mutual fund companies to distinguish different schemes in terms of asset allocation and investment strategy. The aim is make it easier for the investor to compare the products. According to the regulator, AMCs use these names as marketing tools to attract customers and many of the new buyers may not fully understand the scheme. This makes sense if one has to choose from around 1998 mutual fund schemes (AMFI March 2016 newsletter) that have raised funds till date.
(more…)
Manoj Chahar
May 15, 2018
Mutual Fundschange in scheme name also changes the way it works?, investment strategy, large cap mutual funds, Mutual Funds Name Change, Mutual Funds Name Change-how does it affects me?
Read more >
The recent news of 23-year young Captain who laid his life while fighting on the border moved my heart. Their patriotism and the willingness to risk life for the nation is commendable. This emotional fervor for them last for few days and then the reality of life dawns on their family. As a financial planner I was wondering about their families and whether they plan their finances.
(more…)
Manoj Chahar
April 30, 2018
Financial Planningfinancial planning, financial planning advice for army, financial planning advisor for army, Financial Planning for Defence Personnel
Read more >
Our international flight landed at Mumbai airport and I heaved a sigh of relief. I was irritated by Long sitting hours, headache, temporary deafness due to air pressure, booming noise, turbulence and last but not the least-fear of crash. While exiting the plane, a passing thought came to my mind- if air traveler goes through all these what about the staff especially the Air pilot who do their job day in day out!
Beyond the excitement of flying the plane, a Pilot’s career means odd working hours, medical issues, mandatory retirement age and job uncertainty due to airlines going bust.
(more…)
Manoj Chahar
April 9, 2018
Financial Planningconsult a financial planner, contingency fund for pilots, financial plan, financial planning, financial planning for pilots, why financial planning important for pilots
Read more >
Mr. Joshi, a senior citizen is worried man today. His income from FD has been getting less by the day and on other hand monthly expenses have been rising. To add to the worries are the rising medical expenses. For the generation that has retired in last few decades, retirement pension or interest income from FD was the income support in old days.
Changing times call for different approach. A good mix of fixed income and market linked products is the answer to ensure optimal investment returns. Investing Rs 15 lakh in Pradhan Mantri Vayu Vandana Yojana provides assured return of 8% with monthly income of Rs 10,000.
Investments in debt and balanced funds schemes can give higher returns and better protection of capital. These investments are tax efficient if invested over three years. A small exposure to equity mutual funds over 3-5 year horizon can provide for capital appreciation. The increased returns should also be used for having adequate insurance cover to meet medical expenses. A small sum in liquid fund for emergency needs can take care of any contingency.
Manoj Chahar
March 24, 2018
FDsFD rates, Reducing FD rates
Read more >
The recent news of Bank scams and huge losses incurred by banks are making the common man jittery over the safety of one’s hard earned savings. Bank FD is the most natural option used by salaried class to park their savings to provide for the future needs. One, because the nationalised banks are owned by the government and its was indirectly a guarantee that your funds are in safe hands. Whenever there has been a doubt about the viability of a Bank, RBI has stepped in and ensured safety of investor deposit by merging of weaker banks with the stronger ones. Let’s have a look at the regulatory provisions to know how safe your deposits are.
Bank deposits in value terms are insured by the Deposit Insurance and Credit Guarantee Corporation of India (DICGC), a wholly owned subsidiary of the RBI. The deposit insurance covers all commercial banks, local area banks, regional rural banks and cooperative banks. You should be aware that only Rs 1 lakh of your savings is insured. This limit has not been revised since long. As an investor you should also know the worst-case scenario in case something untoward happens.
(more…)
Manoj Chahar
March 17, 2018
FDsAre your bank FD safe with PSU banks?, bank FD safe with PSU, consult a financial planner, PSU bank FD
Read more >
Quote from a merchant navy sailor: *
“If one has a bucket list, sailing on a merchant ship should be on it. It gives you the perspective of what is it like to witness the spectacular grandeur of 3/4th of our planet in a ship’s setting. The experience is very humbling.”
Sounds exciting… but other than missing the family life, there is a big-gap in terms of financial planning, investments& execution. More so with the fact that, half a year (or more) they are sailing, without having any access to the advisors, markets or simply, how to manage their finances?
(more…)
Manoj Chahar
March 15, 2018
Financial PlanningMerchant Navy - Life at Sea, merchant navy personel's financial planning, merchant navy personel's investment planning, really?, wealth at home, wealth management for merchant navy personel
Read more >
