Keeping Your Dreams Alive

By : Admin, 05 Mar 2022

Investing is the new way to save! There are mutual funds that you may invest in based on your portfolio and the duration of your financial objective. Investors sometimes associate Mutual Funds with adjectives like "unstable" or "risky" since markets are turbulent and ups and downs disturb their confidence. Equity investments need time to mature and may be subject to a lengthy lockup period (ELSS Mutual Funds). Furthermore, there is a danger of unexpected market fluctuations, which might alter the rate of return. While this is true, there is a Mutual Fund option for those searching for a shorter and safer investment. Short-term mutual funds are what they're called.

Balanced funds and short-term mutual funds are two possibilities for consumers looking to invest for a period of up to three years. Investors can invest in both stocks and bonds using balanced funds, often known as hybrid funds. Balanced funds typically invest 60% of their assets in equities and 40% in bonds. However, one type of mutual fund can help you invest in stocks more efficiently: short-term mutual funds. Short-term mutual funds mostly invest in debt. Everything you need to know about them is right here!

A short-term mutual fund is one in which you invest for a period of three years or less. These are low-risk, high-quality funds with reduced returns for a limited time frame. A short-term mutual fund is a good option for people who want to invest their money for a shorter period of time and require higher interest rate assurance. Short-term mutual funds have a modest rate of interest change, which reduces the risk component.

Short-term mutual funds are popular among corporate and individual investors. There are ultra-short term mutual funds in addition to regular short-term mutual funds, which provide higher value in terms of returns, risk, and liquidity.

Short-term mutual funds are the greatest investment option for people looking to meet a short-term financial objective, such as buying a quality car in four years. Debt short-term mutual funds are a good option for those who wish to grow their money at a stable and secure pace. Higher returns can be obtained by investing in equity funds, but this requires a long investment horizon.

Given the funds' short duration, we must state that the returns are impressive. To get higher returns and save money on taxes, financial professionals prefer mutual funds over bank FDs. Debt short-term mutual funds are better than equity funds since they have a lower risk profile. You should be aware that short-term mutual funds with a direct strategy provide higher returns than others. In a direct plan, there will be an obvious difference in return of up to 1%. You can pick between liquid funds and ultra-short-term funds if you desire short-term mutual funds for up to a year.

It's not how much money you make that determines your wealth; it's how much money you save! This ancient adage, in reality, needs to be revised. How much you invest determines how wealthy you will become! Given current inflation rates, this is a must-do, and instead of stacking up funds, you might put them in an efficient mutual fund scheme and let them grow on their own.

Why do I love being an insurance agent?

By : Admin, 06 Sep 2017

Being an insurance agent means different things to different people. When clients are purchasing insurance it’s something they can’t see or feel and it is my job to inform them and make them aware of all the necessary insurance policies they need.

People are seldom aware of various types of insurance coverage about their own life, family, home, automobile, or business. Many of the least attention to insurance coverage. They either stay away from getting insured or procrastinate for some reason or the other. As a result, they suffer heavy losses in the event of any unforeseen mishap or calamity. With appropriate insurance coverage, they can safeguard their life, their families, assets, and business. As an insurance agent, it is my job to educate them, empower and protect them with appropriate insurance coverage. It is my most important duty to inform them how and why proper insurance policies will be beneficial for them in the long run. The most rewarding part of my job is to quickly extend necessary service to my client in the event of a mishap, to enable him to get maximum benefits against his/her insurance policy and bring a smile worth millions of dollars. I like assisting others, and working in this profession allows me to do it in a variety of ways. Helping customers through some of the most painful moments of their life, such as tragedies, house losses, or car losses, is the most challenging element of my profession, but it is also the most gratifying. Working in the insurance industry is tough and stressful at times, yet you always feel wanted.

For my 15 years in the insurance sector, I've learned that it's a never-ending learning process; there's always something new to learn. Change is unavoidable, and all you have to do is be willing to adapt.

Know-hows of financial planning

By : Admin, 10 Sep 2017

Increasing inflation and changing lifestyles have compelled every individual to think of financial planning at an early stage. Ideally speaking a financial plan for an individual should be customized to meet his/her requirements at different stages of life. It is, therefore, necessary to have a perfect blend of instruments to address the various needs of protection, savings, and wealth creation. However, people, by and large, tend to focus only on 'wealth creation and the other two important aspects of financial planning are often ignored or compromised.

Many of us are at sea to decide on how much to invest and where to invest – fix deposits, stocks, bonds, real estate, or some other options. Life insurance is considered to be a good investment option, thanks to its simple and affordable plans. Moreover, it serves as a reliable source that caters to our needs in different stages of life. However, in India Insurance is still at a nascent stage as most people do not heed to this unless a major life change forces them to consider what might happen to their loved ones in case of any unforeseen circumstances. Although the prime objective of having a life insurance policy is to protect an individual from unforeseen circumstances, it also helps in wealth accumulation, preservation, and facilitates us to have liquidity at the right time.

We can buy insurance as a term plan, purely from a protection point of view at an early stage. Earlier we buy it, more beneficial and affordable it becomes. Unit linked plan at a later stage brings us an opportunity to yield handsome returns, but it is linked to market risk. Besides, there are certain education plans to ensure easy and hassle-free education for your child’s education. You can also plan your retirement through pension plans.