Conviction of Mind

Jagoinvestor has come up with ' Action Month ', for making real difference in your financial life. This will be really beneficial if you are procrastinating something for long. Just do it and clear the financial mess around you and be happy. You can do either one or all of the following: - Start an SIP with one or more Mutual funds (according to your requirement) (I did it, I already had one) - Create a new Term life insurance. - I already have one and plan to increase it next year. - Create a new health insurance - I have it already - Surrender useless policies - I checked the policies that I have but none of them have to be surrendered. - Organize your financial life - I have all of the financial documents in digital format. This will certainly help your financial life and don't forget to register for Action month in Jagoinvestor website. There is very nice article on Stop loss in Understanding the Stop loss . Its a very good read and this explains ...

we saw the importance and benefits of Health insurance here . Now, we will see practical examples and for whom it will save their life. Scenario 1: Person A depends on his daily income for his living. He saves around 2 lakhs in 3 years and goes in a two-wheeler to his office daily. He is a acting driver and his aim to become a owner of his vehicle and run it under a call taxi company for the next few years before starting a company like that (probably). But, all of a sudden, he met with a road accident, when he was driving his two wheeler and his hospital bill came to 1.8 Lakhs. The worst part he didn't have any health insurance but had bike insurance which covered his bike and his bike was covered in his insurance and he had lot of ENDOWMENT policies from LIC. If he had term insurance policies, he would have used the some part of money towards health insurance and remaining money towards mutual funds. Scenario 2: Person B is working in a private concern. He is a consulta...

Investing is the best way to tackle inflation and get good returns with passive investment style is Mutual funds. Mutual funds gives you instant diversification with ZERO entry load. There are numerous types of mutual funds according to each and everyone's requirements and one can choose which one choose their investment style best. Best site to choose the Mutual funds is: http://valueresearchonline.com/ one can choose a good rated fund from value research online and invest according to their asset allocation style. As Mutual funds gives instant diversification, risk is diversified and one needn't have to worry about putting all eggs in single basket. Also, it will be maintained by a financial professional, a fund manager and he would involve himself in getting good returns to the fund. This would mean certainly, Mutual funds are less riskier than direct investment in Stocks. SIP (Systematic Investment Planning), Keeping yourself invested in every month in the fund with small a...

Its yellow everywhere. And its Dhoni magic working so well these days! This year's IPL was not so encouraging for many people around India. Reasons being, (1) Players shifting from one team to another team (2) Too much cricket (3) Cricket Fans Fatigue (Yeah!! We too are tired) Probably, Because of the amount of turnout for watching Sachin and Dhoni in all the matches they are playing, they are asked to play even if they are tired. Now, they are expected to take rest in the upcoming WI series, giving way to the youngsters. Yes! Dhoni has the golden charm to do it again and has repeated it for Chennai. Good to see them win all their 8 matches this time and coming good this convincingly this year. Happy for Chennai :)

ELSS is Equity Linked Savings Scheme and is tax-saving mutual fund that invests in equity and equity-related products. These schemes directly involve in investing in stock markets and carry a inherent amount of risk and can give handsome returns as well. Top 5 ELSS funds The above is the screenshot from the http://valueresearchonline.com/ for analysing all type of mutual funds. I took up a look on the currently available ELSS funds in the market and did some analysis to get this list. This is based on their past performance and this can be well be a probable indication of their future but not their future. To quote the top 5 ELSS funds for this FY 2011-2012, 1. Fidelity Tax Advantage 2. Canara Robeco Equity Tax Saver 3. Tauras Tax Shield 4. HDFC Tax Saver 5. Sahara Tax Gain In the case of ELSS, you get up to 30% returns (because of saving tax) before hand and even if you get 2-3% less after 3 years, it would have beaten any well managed fund by leaps and bounds. So, its always...

And its April and yet another start of the new financial year. If you are a salaried employee of a company, you all would have come across this every year and this is nothing very new. Even if you are not salaried, it is better to have your investments planned before hand for this Financial year before hand and plan accordingly. Why is disclosing the investments important in the month of April? Its nothing to do with the month of April. But its better to disclose in the month of April itself to get the full advantage. For the salaried class of people, who worry about the tax, this marks an important event. This is because TDS (Tax deduction at Source) is based on the investments disclosed and better to disclose the right figure to get the proper cash flow right from the beginning. How I can make this disclosure to my benefit? Understand each and every section that has to be disclosed and the advantages and dis-advantages in detail. Section 80C: Identify how much is already covered by y...

This is a universal question that can be answered with a simple answer: YES and a detailed answer below. SIP is Systematic Investment Planning and it is designed for people who want to be involved in market during all the time, thereby minimizing the risk involved in the volatility of the market. There are many mutual funds currently providing with SIP for the investors and almost all the funds have either the online agents or the agents directly collecting the cheques from your doorstep for investing in your favored fund. Check out Are agents your friends? before deciding and investing on their suggestions. There are no entry load for most of the mutual funds now but still all the agents would still get the Trial commissions which would differ from each fund house to fund house. So, its better to be aware rather to cry later. Coming back to the SIP fundas, You invest a constant sum of amount irrespective of the market condition. It works best for the equity mutual fund and I am going...