The year 2020 has just started, and probably you have made your new year resolutions. But have you decided on financial resolutions for the new year to improve your financial habit and create wealth? Your financial resolutions should be more prudent and long term in nature.
A wise man once said, “the best time to plant a tree was 20 years ago; the second-best time is Now.” This quote not only gains its relevance in the World which is getting warmer every year but is equally relevant in the financial world.
Systematic Investment Plan (SIP) allows the investors to invest in a mutual fund scheme of their choice at periodical intervals. It automates the investment process once the investor has completed the registration process, as the investments continue to be regularly made irrespective of market ups and downs.
Amidst the full range of mutual fund schemes available for the investors to invest in, it is paramount to analyse a mutual fund scheme objectively. The decision of the investors to invest in a particular mutual fund scheme is often driven by various parameters, including but not limited to the fund performance, consistency of the performance, size of the fund, etc.
Behavioural finance is a branch of behavioural economics, which proposes that various psychological biases influence the behaviour of people towards their financial and investment decisions. People tend to behave differently to even similar news and events, and thus, behavioural investing takes into cognizance the influence of biases in the investment decisions.
OWhen chalking out a prudent financial roadmap, one may have several goals. It is always desirable to divide such financial goals into short-term and long-term. Long-term goals may include retirement planning, children's education, marriage, etc. Short-term goals may consist of maintaining an emergency fund, house renovation in the next six months, family vacation, vehicle purchase, etc. While equities are considered for long-term financial purposes, choosing the right investment option for short-term financial goals may be tricky for some investors.
The 2020 edition of the Indian Premier League (IPL) is happening by around six months’ delay due to pandemic. However, a delayed event is better against a cancelled event for the cricket fans across the country, who keenly wait for the Indian Premier League (IPL) every year. Apart from the entertainment it aims to provide, the cricketing event provides several investment lessons for the investors to follow.
When it comes to investments, one would like to understand how their investments grew, and at what pace, over different time periods. There are many metrics that can be used to calculate the rate of return on investments, but the most common one amongst them is CAGR.
In common parlance, a Non-Resident Indian (NRI) is an Indian citizen who is staying abroad for employment, business purpose, or currently living in a foreign land. Like the resident individuals, NRIs are also eligible to invest in mutual funds in India subject to compliance with the FEMA (Foreign Exchange Management Act) provisions.
A father's role in his children's lives cannot be quantified, but it can only be expressed in emotions. A father makes several sacrifices for his children and family but seldom expects anything back. Beneath everyone’s success is a strong foundation of the dreams and aspirations of a father who believes in only taking care of his family and many times not even expressing their feelings and emotions to the family.
