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How to convince your parents to invest in mutual funds?

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Today we will discuss how you can convince your parents (assuming senior citizen) into mutual funds to get better returns on their investments with lower risk. I am not saying that every parent needs to invest in mutual funds. But I have seen many parents retiring with insufficient corpus and investing that money in a very manner. It’s not tax-optimized and also earns the least return possible – all in the same of “Safety” I understand that not all senior citizens want high returns, but in most of the cases, I have seen that there is some allocation which can be made in mutual funds. We come across many investors, who are investing in mutual funds and they have a good understanding of the product. They have full confidence in mutual funds investments, but their own parents are stuck in the old traditional way of investments. And these children are not able to convince their parents to invest their money in mutual funds or anything closely linked to stock markets, simply because parents...
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Why you should stop investing in Fixed Deposits immediately...?

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Today we will discuss why you need to stop investing in bank fixed deposits. I know you are a bit shocked with this statement, but my only attempt is to give you some understanding of why banks fixed deposits are not the best financial products in these times for your long term wealth creation. There are other better alternatives today if your focus is assurity of returns, near inflation returns and convenience of investing You can either read the article, or just watch this  10 min video below  where I have share why you should avoid investing in fixed deposits. Why we create Fixed Deposits? Since our childhood, I think most of us have only heard about Fixed deposits and PPF as the investments products. We saw our parents talking about fixed deposits all the time. They broke “FD” when they needed sudden money. And FD’s become were like the default financial product for most of us and when we started earning, we just created fixed deposits because that’s all we ...
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How to Lock and Unlock Biometrics details in Your Aadhaar Card?

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Aadhaar card is becoming the most important documents a person in India can have and it’s very critical to secure its details from hackers and those who might try to steal your data. Some months back, even  MS Dhoni’s Aadhaar data was leaked. So today we will talk on how you can lock your Aadhaar card bio-metric details and prevent others to access your data, and also how to unlock it back later. Why to unlock your Aadhaar card details? At the time of applying for Aadhaar card, you gave your photo, fingerprints and iris details (eye scan) which is called as biometric details. Now a days, every organizations like phone companies, financial organizations have come up with the concept of e-KYC, where they will just enter your 12 digit Aadhaar number into their Aadhaar-based authentication system instead of asking for all your details when you want to open any account, and it will access all your information like name, date of birth, address etc. from the Aadhaar data...
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Mistakes Investors Make in their Life & How it Impacts them..!

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Are you a lazy investor? Do you avoid various actions in financial life which are often suggested as the “right decisions”? There are countless articles and videos these days which tells you that it’s important to have sufficient life insurance and health insurance. One should start investing very early in life so that they can create some good wealth to take care of their future. Like these, there are various things which are mostly the building blocks of a good financial life. But often investors avoid taking those decisions. The biggest reason why it happens is that we are all lazy investors who focus on NOW rather than FUTURE. If it’s not creating trouble for us right now at this moment, we keep postponing it and under estimate the trouble it can give us in long future. In short, the future trouble or problems we will face is imaginary at this moment. So today I thought I will talk about the impact of these decisions and how it can trouble you in future. Let’s start ...
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ELSS vs PPF – where to invest for your tax saving? (20 yrs data)

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Most of the people who want to do tax saving in 80C are confused if they should invest in PPF or ELSS (tax saving mutual funds). Both PPF and ELSS offer taxation benefits of upto Rs 1.5 lacs under sec 80C. ELSS vs PPF – Meaning Lets start with their meaning and what exactly they are. PPF means public providend fund. Its a govt scheme which is run by post office and its a very safe financial product. There is no risk to it because its guranteed by govt of India. Its quite famous among investors for its safety and assured returns. On the other hand ELSS (Equity linked saving scheme) is fairly new financial product in India (from last 15 yrs). Its mainly a equity mutual fund which gives you income tax benefit. Equity mutual funds mainly invest in stocks of companies, which makes sure that they deliver high returns, but at the same time they are risky (actually volatile) and their returns keep going up and down. Now, lets compare PPF and ELSS on various parameters. #1 – ...
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Balanced Advantage Mutual Funds – Reduces Risk and gives good return at the same time !

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In the world of mutual funds, there are various kinds of categories for different requirements and risk appetite. One of the categories I want to talk about today is “Balanced Advantage” Category. What are Balanced Advantage Mutual funds? In one line, a balanced advantage fund dynamically shifts between equity and debt depending on the market valuations. What it means is that when the markets are over heated and high, the fund decreases its exposure to equity and move the money into debt, so that if the markets fall, the down side is protected. In the same way, when the markets are on lower side, the fund  increases the exposure to equity  and reduces the debt side. This strategy significantly reduces the volatility of the fund compared to an equity fund and at the same time, the returns potential also comes down. A lot of funds in this category also name their funds as “Dynamic Asset Allocation Fund” rather than “Balanced Advantage” Some of the examples of ...
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