How to become a more confident female investor and Planner - The Mutual Funds Way

Discussion in 'Money Matters' started by rachaputi, Aug 5, 2015.

  1. lavanyak1

    lavanyak1 New IL'ite

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    @Rachaputi
    helpful info. Thanks a lot. by the way I started my first SIP. Credit goes to you:thankyou2:
     
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  2. rachaputi

    rachaputi Platinum IL'ite

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    @lavanyak1

    Thank you so much.. I'm very glad to know this, be cautious while selecting funds, dont forget to remeber time span, target, checking funds performance quarterly.
     
  3. lavanyak1

    lavanyak1 New IL'ite

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    @Rachaputi

    I used the information here, drill down to a mid-cap fund(Franklin India Smaller Companies Fund - growth) after going through the filtering mentioned in one of your post. It was very easy and helpful. Later to add one more large cap fund to add stability to aggressive fund I already selected. Is it making any sense?
    Thank you very much........you rock.
     
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  4. rachaputi

    rachaputi Platinum IL'ite

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    @lavanyak1

    Forwarding each and every post to Thavva.

    Reply for your post:

    The fund you have chosen and idea of having largecap to balance are great. Actually you rock :)
     
  5. lavanyak1

    lavanyak1 New IL'ite

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    @Rachaputi

    lets rock together dearfriendssmiley
     
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  6. rachaputi

    rachaputi Platinum IL'ite

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    [h=2]Things we should not do during Market Volatility[/h]

    o Don't check the value of your long-term investments on a daily basiso Don't stop your SIPs in equity funds
    o Don't try to wait for a market correction to begin investing
    o Don't ignore fixed income if you think there's opportunity in equities, every asset class has its own value
    o Don't begin putting money in equities till you have adequate insurance and reasonable emergency funds
    o Don't overlook tax-saving investments, money saved is money earned
    o Don't ignore equities if you're retired, it's the best way to beat inflation
    o Don't believe everything a financial advisor or distributor has to say, be sceptical
    o Don't put your money in unit linked insurance plans and such, it's not your duty to make the insurance sellers rich
    o Don't think of gold as an investment, buy it only for consumption
    o Don't invest in sectoral or thematic funds, diversification earns more rewards
    o Don't dabble in stocks directly if you don't have the time, knowledge or understanding of the markets
    o Don't blindly follow everything listed here, understand what fits your needs best

    Courtesy……From one of the financial portal
     
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  7. sindmani

    sindmani Platinum IL'ite

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    Thanks @rachaputi for the information
     
  8. rachaputi

    rachaputi Platinum IL'ite

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    @sindmani
    You gone through to all posts at a time :hatsoff

    Welcome.. :)
     
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  9. lavanyak1

    lavanyak1 New IL'ite

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    @rachaputi

    Me too gone through every post......but not at time anyway.....it took lot of time to go through every post and get them digested.....watching closely the proceedings here...
     
  10. rachaputi

    rachaputi Platinum IL'ite

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    Myth on Child products:

    If you love your children, buy our product. How many times we hear this statement from different organizations. While we have nothing to say on the merits or otherwise of health drinks or educational aids or even cars (!) that use this tack, financial products are another matter.

    Products that use the children ploy to sell have a long history in India. Insurance as well as mutual fund products that have the words ‘child’ or children in their name have been around for so long that many people assume that there is a specific class of products that provide some unique advantage to their children’s future that other products do not.

    With years of background exposure to the phrase, parents just assume that somewhat like a tax plan, a child plan is an integral part of personal finance. Well, guess what, ‘CHILD PLAN’ is actually not a financial term all but a marketing one.

    There’s nothing distinctive about them. For example, one of the largest ‘child’ mutual funds was for years just a vanilla balanced fund of mediocre performance. The pitch was that you should invest in it and use the money for your kids’ college fees. However, the returns that such funds produce are not made up of money that is especially designed for paying college fees—it’s just normal money. However, if the loving parents had chosen better performing funds, they would have more of it and that would probably be some actual help.

    Insurance products too play a similar trick. There’s nothing distinctive about the products themselves. You can pitch a product by saying that if you die then kids’ college fees can be paid out of the benefits, but so could those from any insurance policy.

    Thanks
    Thavva & Rachaputi
     

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