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Wealth First Online is Best Investment Company in Pune, here to guide you along your investment journey too! Our certified financial planners offer tailored advice for all kinds of investors across India, Best wealth and investment management planner in Pune. click for more information https://www.wealth-firstonline.com/ on that.
Wealth First Online is Best Investment Company in Pune, here to guide you along your investment journey too! Our certified financial planners offer tailored advice for all kinds of investors across India, Best wealth and investment management planner in pune click for more information https://www.wealth-firstonline.com/
What is SIP and how to make the most of your SIP?
What is SIP and how to make the most of your SIP?
SIPs are extremely useful for those who want to enjoy the benefits of investing IN mutual funds but find it hard to commit large sums at a time. With SIPs, an investor can invest smaller amounts at regular intervals (monthly or quarterly) instead of one big lump sum altogether. This helps those with budget constraints to invest comfortably while also planning their finances smoothly. Additionally, this regular practice also allows investors to use rupee cost averaging; whenever the market is low, they can buy more units, and when it’s high, and they can buy fewer units of the same fund. Mutual fund investment has become much easier and less intimidating due to these plans!
How to make the most of your SIP?
1. Get benefits of power of compounding
Investing in Equity Mutual Funds is an ideal strategy for investment via a Systematic Investment Plan (SIP). SIPs on equity funds allow you to benefit from the power of compounding, which is much higher than any type of debt fund. In the long run, it can provide exponential returns due to compounding, and your money has the potential to magnify multiple times. Furthermore, time plays an essential role in equities as opposed to "timing" with debt or liquid funds, meaning that by investing for longer, you can increase your wealth. Investing in equity funds through SIPs is a sound way to make long-term financial goals reality.
Systematic Investment Plans (SIPs) should be set up and adhered to in a disciplined manner, as suggested by the acronym. When SIPs are disrupted, the compounding of gains of long-term investments are also disrupted. Stopping the SIP should be avoided unless there is an absolute necessity to do so. The best practice is establishing a rule-based approach and making it as passive as possible. Instead of timing SIPs according to highs and lows in the market, invest at regular intervals over an extended period to maximise returns.
2. Always invest in diversified fund options
Setting a Systematic Investment Plan (SIP) is an excellent way to save and invest in the market, but you need to be sure that you have the funds available on time. Choosing a date for your SIP each month is recommended to be comfortable enough so that you don't miss out. For those who prefer the Electronic Clearing System (ECS) option for their SIPs, it is vital to ensure their bank accounts are sufficiently funded in advance, so there are no problems with payment processing. Additionally, the SIP date should not be too close to one's salary dates, as that can cause unforeseen issues. With this advice in mind, investors will hopefully have no trouble setting up and managing their SIPs.
Investing in equity funds through a Systematic Investment Plan (SIP) should be strategically thought out, with a full focus on diversified fund options or flexi cap funds. While thematic, small-cap, mid-cap and sectorial funds may seem attractive on paper due to their higher yields and promising returns, they pose greater risks, too. As changes in the economic cycles tend to impact cheaper stocks more than large ones due to higher volatility, significant underperformance is likely over a more extended period of time, leading to unwanted stress and financial loss. Hence it is recommended to stay away from these funds and invest conservatively in diversified SIPs for better results.
3. Always Choose Growth Plan
Investing in SIPs can be a great way to secure your financial future, but it is important to understand the options available when choosing between growth and dividend plans. While dividend plans provide the immediate appeal of regular pay-outs, growth plans offer a more excellent value by automatically reinvesting returns and compounding them over time. This significantly increases the amount you can potentially earn over time. Moreover, growth plans are generally more tax efficient than dividend plans, providing another motivation for selecting them over other options. The golden rule is to always opt for a growth plan when considering which plan is right for you.
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Wealth First Online is Best Investment Company in Pune, here to guide you along your investment journey too! Our certified financial planners offer tailored advice for all kinds of investors across India, so call us at +919979854966 to get started today.
CONTACT US:
EMAIL- [email protected] / [email protected]
CUSTOMER CARE NO. 079-40240001
TIMINGS 9 AM -7 PM (ON MONDAY - FRIDAY EXCEPT HOLIDAYS)
welcome to the Best wealth and investment management planner in pune click for more information https://www.wealth-firstonline.com/
Best wealth and investment management planner in pune click for more information https://www.wealth-firstonline.com/
To explore more investment opportunities, connect with us- https://www.wealth-firstonline.com/
Best wealth and investment management planner in pune click for more information https://www.wealth-firstonline.com/
What are the benefits of investing in mutual funds?
Investing in mutual funds can be a great way to diversify and increase your portfolio. With a long-term outlook, you can reap the rewards from the stock market without taking on too much risk. Whether you’re just starting or want to add an extra touch of security to an existing financial plan, investing in mutual funds is often seen as one of the most reliable paths towards achieving financial success and stability by equipping people with the power of compound interest. In this blog post, we'll review the advantages associated with investing in mutual funds so that you can make informed decisions about what could benefit your situation.
5 key benefits of investing in mutual funds
No need for a huge investment
Investing through SIP is the ideal way for individuals to build wealth for their future and to meet their financial goals. Not only does it offer the ease and convenience of automated investments, but it also does not require a hug initial investment. You can get started investing with a low sum amount of Rs500 every month. Depending on your financial situation and an increase IN income or savings, you can increase your instalment by opting for a Top-up SIP or Step-up SIP. This flexible method helps you to start small and grow your mutual fund investments at your convenience.
Power of compounding
The power of compounding helps investors to make their money work for them. It is one of the most powerful tools for long-term wealth creation, provided you invest early and regularly. Compounded returns are calculated using the XIRR(extended internal rate of return) method, and investing using SIPs can significantly amplify your returns over a long period. On several financial websites, you can find sophisticated SIP calculators that help you calculate the exact potential wealth accumulation in the future with compounding returns. With this easy-to-use tool, you get an insight into how regular investments can help you accumulate decent wealth in the long run and fulfil your financial goals.
Rupee cost averaging
Rupee cost averaging, also referred to as dollar cost averaging, is a popular investment strategy used by mutual fund investors. It allows you to buy more units when the market goes down and fewer units when the market rises. This helps reduce the investment risk as it averages out the purchase price of the equity fund units over a long period instead of being drastically impacted by short-term market fluctuations. Thus, it's a great option for those who are looking to diversify their risk but do not have sufficient funds to invest all at once. Moreover, you do not have to worry about timing the market or trying to guess where it's headed because your investments will be spread across different market levels.
Flexibility to invest
Investing Mutual Funds through Systematic Investment Plans (SIPs) provides maximum flexibility for investors to choose their preferred date of SIP deduction at their convenience. Investing a fixed nominal amount in a mutual fund every month helps build a corpus in the long run without shying away from financial discipline. A salaried individual can specifically choose to start the SIP at the beginning of the month while they have sufficient funds to invest. Still, varying frequency options such as weekly, quarterly and half-yearly are available too. Moreover, some Mutual Fund Houses offer Smart SIPs that allow investors to adjust their contribution based on predefined parameters like the P/E ratio or index level of the market. Thus, through SIPs, an investor is empowered to adhere to both financial discipline and the convenience of investing as per needs and prospects.
Higher returns
Investing mutual funds can be an excellent choice for those who would like to make the most of their investment. Individuals can enjoy higher returns thanks to professional fund managers and research analysts by investing a small amountvia SIP regularly. Not only do these managed investments provide much better returns than traditional savings vehicles such as recurring deposits or PPFs, but they also offer additional advantages in the form of tax benefits up to Rs 1.5lakhs per year under Section 80C of the Income Tax Act 1961. Taking advantage of these features makes mutual fund schemes an attractive option for those looking to secure their future financial objectives.
Those are the 5 key benefits of investing in mutual funds through SIP. If you are very new at investing, then you might not be comfortable with the word SIP. For those, here is what SIP is and the benefits of SIP.
What is SIP?
SIPs are extremely useful for those who want to enjoy the benefits of investing IN mutual funds but find it hard to commit large sums at a time. With SIPs, an investor can invest smaller amounts at regular intervals (monthly or quarterly) instead of one big lump sum altogether. This helps those with budget constraints to invest comfortably while also planning their finances smoothly. Additionally, this regular practice also allows investors to use rupee cost averaging; whenever the market is low, they can buy more units, and when it’s high, and they can buy fewer units of the same fund. Mutual fund investment has become much easier and less intimidating due to these plans!
Standard benefits:
Invest smaller sums at regular intervals
Make use of rupee cost averaging
Benefit from the expertise of professional fund managers
How can compound interest in mutual funds make you rich?
Compound interest can be a powerful tool to help you reach your financial goals when used in conjunction with long-term investment strategies. Mutual funds have the potential to really amplify the power of compound interest, and investor’s camp the rewards with significant returns on their investments. For example, investing Rs 10,000 a month for 20 years and at a 15% rate of return per annum could yield a profit of Rs 1.5 Cr. If continued for another ten years, the returns could be reinvested to create additional profits - substantially increasing your wealth over the longer term. Overall, compounding yields beneficial results when you invest in mutual funds with a long-term horizon.
Conclusion
There are many benefits to investing in mutual funds, which include the potential forearming higher returns, getting diversification and professional management. However, it is important to remember that there are also risks associated with investing in mutual funds. Before investing, be sure to do your research and understand both the potential rewards and risks involved.
Your journey to financial freedom starts with investing, but it can be challenging. If you are new to investing, you might need some help understanding the basics and getting your money working for you. Thankfully, there is help available. Hiring a financial advisor or wealth management company can empower you financially by providing the insights and guidance that inexperienced investors need.
Wealth First Online is Best Investment Company in Pune, here to guide you along your investment journey too! Our certified financial planners offer tailored advice for all kinds of investors across India, so call us at +919979854966 to get started today.
CONTACT US:
EMAIL- [email protected] / [email protected]
CUSTOMER CARE NO. 079-40240001
TIMINGS 9 AM -7 PM (ON MONDAY - FRIDAY EXCEPT HOLIDAYS)
How Traditional Banks make money from you?
Bank branches may seem like an antiquated way to conduct banking in this day and age (we certainly think so), but traditional banks’ business models are built around them. We’ve written before about how these branches provide an extremely poor customer experience and, infuriatingly, cost you $200 (or more!) per year even though you have no interest in visiting them. Still, banks have to generate revenue in excess of what it costs them to operate branches whether you like it or not – and in order to do that, they get creative about finding ways to make more money off of you. Here we’ll explain three major ways traditional banks do that and what it means for you as a consumer.
They don’t pay you interest on your deposits
The biggest way banks make money is by minimizing the interest they pay you on your deposits. In banking jargon, this is known as maximizing their “net interest margin” – but it’s just a fancy way of saying they’re making money on your money and not passing it along to you. When you deposit money at your bank, it doesn’t just sit there. Your bank loans it out and earns interest on those loans. Ideally, your bank would then share that interest with you. In reality, they seldom do. Banks have a strong incentive to pay you as little as possible because banks with the lowest cost of funds (read: those that pay the least interest) tend to have the highest relative valuations (meaning they’re seen as more profitable). In short, they maximize the interest they earn while minimizing what they pay you on your own deposits.
It is not about having lots of money. It’s knowing how to manage it.
Let’s look at what this means for you. Say you have a checking account that earns no interest (which is fairly common). You deposit $10,000 into that account and your bank then loans out your cash. If your bank earns 2.8% loaning your money out for mortgages but pays you 0% APY, they’re earning a 2.8% net interest margin on your cash that’s equivalent to $280 over the course of a year – and you’re earning nothing. They could raise your APY, but then they’d make less money.
They charge you unnecessary fees
Speaking of minimum balances, most banks will charge you a fee if you fall below a particular account balance. Worse still, you can trigger this fee if you fall below the threshold even once – even if your average account balance far exceeds the minimum and even when you hold a balance way above the threshold in another account at the same bank. This is just one example of the many account fees banks charge to make money off of their customers.
We are sincere Financial Planners in Pune. We understand the monetary necessities of people and help them with investments (consisting of shares and bonds), tax laws, and coverage choices. We assist our customer's plans for short-time period and long-time period Financial Planning goals, consisting of schooling prices and retirement. We are a financial advisory company in Pune running investments to fit the customers` goals. If you want to grow your money but don't have time to analyze the market, Wealth first is the best company to help you. Best advisor gives proper financial guidance.
advisory carrier in India that makes use of its personal automatic monetary making plans.
We are trustworthy Financial Planners in Pune. We recognize the financial requirements of individuals and assist them with investments (such as stocks and bonds), tax laws, and insurance choices. We help our clients plan for short-term and long-term Financial Planning goals, such as education expenses and retirement. We are a financial advisory firm in Pune working in investments to match the clients’ goals.
Wealth First is a leading wealth management firm in India, with a panel of highly experienced finance gurus to the young & spirited investment experts. We analyze every investment instrument threadbare so that your hard-earned wealth is future-proofed.
We are trustworthy Financial Planners in Pune. We recognize the financial requirements of individuals and assist them with investments (such as stocks and bonds), tax laws, and insurance choices. We help our clients plan for short-term and long-term Financial Planning goals, such as education expenses and retirement. We are a financial advisory firm in Pune working in investments to match the clients’ goals.