by PlanMoneyAdmin | Jan 23, 2024 | SERVICES
Unlock the brilliance of investing with Sovereign Gold Bonds (SGBs), the ultimate alternative to traditional physical gold investments. Elevate your financial strategy with these exceptional features:
Noteworthy Features:
- Tenure: Enjoy the flexibility of an eight-year tenure, with the freedom to exit from the bond starting from the fifth year and sixth month onward.
- Asset Appreciation opportunity plus assured interest issued by the Government of India.
- Holding Certificate: Receive an official holding certificate as proof of your valuable investment in these bonds.
- Online Convenience: Seamlessly manage your investments with the ease of online transactions.
- Earn 2.5% assured interest per annum on the investment.
- No TDS Applicable
- No Capital Gains Tax on redemption.
- Indexation Benefit if the bond is transferred before maturity.
by PlanMoneyAdmin | Jan 23, 2024 | SERVICES
Here’s how it works:
Invest Rs 50,000 in equity Mutual Funds.
Hold the investment for more than a year.
When you redeem, you receive Rs 1,50,000, resulting in a profit of Rs 1,00,000.
The key benefit: The profit of Rs 1,00,000 is entirely tax-free. According to the rule, if you hold equity Mutual Funds for over a year, you can redeem them annually without paying taxes on profits up to Rs 1,00,000.
To make the most of this, remember to reinvest the redeemed amount immediately. This ensures you save on taxes and continue progressing toward your financial goals.
by PlanMoneyAdmin | Dec 26, 2018 | SERVICES
Investment is a highly important decision that you make in order to secure your life in terms of finance and savings. Let’s highlight some points that help you make a good investment.
Making decisions based on your long-term financial goals is important. Before you plan an investment, consider the following 5 points to keep in mind to yield better results:
- Draw a personal financial roadmap: Before initiating your financial decision, sit back and reflect upon your entire financial situation. Reflect honestly especially when you never had any previous financial plan. The first step towards a successful decision making is to figure out your own goals and risk tolerance. There is no guarantee of making money from your investment but if you check the facts correct about saving and investing and follow an effective and intelligent plan, you will succeed in achieving your financial goals and enjoy the benefits of right investment.
- Evaluate your comfort zone: Proper evaluation of your comfort zone before taking the risk is very important. Every investment comes with some sort of risk. If you are willing to purchase securities such as stocks, bonds, or mutual funds, it is important for you to understand that there is a risk of losing all your money. However, the return of such risk is without any doubt, very great. If your financial goal incorporates long-time horizon, you are likely to make more money by investing in asset categories with greater risks such as stocks or bonds, instead of restricting your investments to assets with less risk such as the cash equivalents.
- Create and maintain an emergency fund: Investing money in saving products is considered to be a smart investment as it helps to cover an emergency such as sudden unemployment, accidents, catastrophic effects of natural calamities such as earthquakes, etc. Some investors invest at least six months of their income into savings so that they can utilize it when they need it the most.
- Consider rebalancing portfolio occasionally: Rebalancing of a portfolio means bringing it back to your original asset allocation mix. Rebalancing helps you to make sure that your portfolio does not overemphasize one or more asset categories. This also helps you to return your portfolio to a comfortable level of risk. Rebalancing of your portfolio can be done either based on the calendar or on your investment. Financial experts suggest that investors should rebalance their portfolio after every 6 to 12 months.
- Avoid circumstances that could lead to fraud: We should not forget that even the scam artists read headlines. They often pick up the most publicized news to lure the potential investors and make their fraud opportunity sound more legitimate. One should be very careful to avoid falling into the smart traps of fraud. Financial professionals suggest that you should ask legitimate questions to them and then check out the answers with an unbiased source before you do the investment. Consulting genuine and trusted friends or family members is beneficial.
The above mentioned are some points to keep in mind while investing in any kind of mutual funds or stocks.
Plan Money is the most trusted and the most experienced market players, who guide investors in the right direction. We evaluate the current market situation and the financial file of the clients before suggesting them the right option. We are the well-known financial experts and provide you with ample options to invest, as well as save your hard earned money in the right product to secure and achieve your financial goals in life. Visit us now to know more about our nifty and potential services.
by PlanMoneyAdmin | Dec 26, 2018 | SERVICES
Ignorance and procrastination are two devils that keep you away from managing your finances. This behaviour can cost you a lot later. Dive in to know about 3 effective money saving techniques that will not make you regret later.
Today in this era, dreams come with high price tags attached to it. From a basic car to a normal house costs lakhs of money. Even to fulfil an important and basic need of life requires money such as from buying daily bread and butter to giving your children a decent education. To fulfil your dreams or basic needs, either you have to have a large income source or you would require a strategic and best investment plan.
While a high-income source is not always possible, the latter makes much sense. A strategic financial plan will surely make your dreams come true once you start saving your wealth right soon after you start earning it. However, you should be very careful while choosing your investment plan. A lot of people don’t know how and where to save their money to yield profitable returns. A lot of people don’t know how to formulate a financial plan for them. Wrong choices often lead to faulty investments, flawed portfolios, unmet goals and financial insecurity later in life.
To avoid all the undesired consequences let’s highlight 3 effective money investment plans for people who have started earning lately:
1.Invest in Right Instruments: The biggest problems that young earners face is the question of where to invest their income. In solution, you can just start with simple instruments such as a fixed deposit. Once you successfully prioritize your goals, look for better investment options such as the options that are readily available. The investment plan should be chosen in terms with the line of your goals and time horizon. For the short-term goal, you can keep it in debt and if it’s a long-term goal, it should be mandatorily equity. The medium-term goal, on the other hand, should have a mix of debt and equity because debt will offer you the safety of capital since you need it in the short-term while equity gives highest returns in the long-term.
2.Opt for the Right Insurance: The purpose of insurance is to cover risks in our lives. Insurance doesn’t offer us returns. Many people confuse insurance with investment because of the products that they offer in the market. The young earners might not feel any kind of covers in their current life, but it is highly important for a financially secure life in the long run.
3.Save for an Emergency: Caught in the thrill of making money, young earners often overlook the importance of saving money for emergencies. Most of them are more eager in spending money to buy the house of their dreams of the car of their choice and tend to save little or no money for any future emergency. Be it a sudden loss of job or health drop, everyone requires financial support to face the sudden challenges. The most appropriate option is to put your money in a short-term debt fund, liquid fund or a sweep-in bank account which ensure easy availability and a higher rate of interest for your wealth.
Consult Plan Money who is the best financial advisors that provides their clients with the best investment option in India. Contact us now to know about our customer-oriented services.
by PlanMoneyAdmin | Dec 26, 2018 | SERVICES
If questions like how can I build wealth fast? And how can I create more wealth? Constantly pops up in your mind, then you are at the right place. Let us highlight 5 effective rules that will help your money multiply.
Having a financial goal in life is highly important, not just for you but for your whole family. Well managed wealth helps to make your life safe and secure. From a young earner to an established professional, saving or investing your money right is beneficial for everyone. Let’s ponder some attention upon 5 money growing paths that will help you to build a financially secure life.
- Consider money as a tool: Money is indeed a tool that ultimately helps us to get what we want since it is a universally accepted exchange. Thinking of money as a tool empowers us to channel it in the right direction to make it grow and double in time. It is a tool to secure your life and meet your financial goals. It takes time to fuel your tool and let it grow. Patience is the key that yields fruitful results.
- Save: Savings is the most frequently repeated advice to grow your money. The safest and easiest way to grow your wealth is to accumulate it. Plan money is the team of experienced financial consultants who will help you with the best financial planning. We will guide you towards the best and unbiased savings platform that will let your money accumulate and multiply over the period of time. Once you have accumulated at least six months of your living expenses you can start saving your wealth through different types of funds based on the level of risk you want to take.
- Diversify your money: Consult a financial advisor who will make you aware of all the benefits and drawbacks of savings accounts, stocks, certificate of deposit, mutual funds, as well as different investment options. The motive here is to diversify your wealth. Building a strong foundation is very necessary. In a worst case scenario, if any unfortunate event happens to any of your investments or savings, your financial plan bobs into another direction instead of sinking down. Purchasing land or home is also one of the ways to invest.
- Treat money management as a job: Review your financial accounts on a regular basis. This helps you to confirm that every charge is legitimate. A complicated and intricate financial picture calls out for a meeting with your financial planner. Make yourself familiar with all the effective financial terms to invest in the better platform.
- Build up an emergency fund: Building an emergency fund for you and your loved ones is an important step to take. This is also considered to be a method of saving your money and let it grow for a time of emergency in your life.
To precisely know about effective channels to grow your money fast, consult the team of Plan Money. We are the most trustworthy and experienced financial advisors who will first evaluate your financial conditions and then guide you towards the best investment option that will yield you fruitful results. Visit our website now to know more about our customer-oriented services.
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