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When should I invest in mutual funds?
This is contextual. If you do not wish to invest directly in stocks (because you have better things to do or just don’t feel like it), you can choose mutual funds. If you would like to lower your tax outgo compared to a fixed or recurring deposit and if possible with better returns, you can choose debt mutual funds (defined below). The clearer you are about your need, the faster and confident you will be in taking decisions regarding mutual funds – well, this applies to anything in life!
Why can’t I just invest in a bank and get interest, why take a risk like this?
Not taking the risk is the biggest risk one can take when it comes to investment. Instead of not taking risks we can take calculated risks by investing a part of our hard earns money into equity which can take care of the monster called “inflation”. And also the investment in bank fixed deposits is secured up to Rs. 1 lakh, only protected with insurance over and above that amount it is also not secured.
Do mutual fund guarantee returns?
Well, sales guys would love to tell you that “over the long term” you will get good returns from mutual funds, but the truth is, there is no guarantee. Anything, literally anything can happen in between spectacular returns or spectacular losses. Unless you are mentally ready to accept this and learn how to minimize this risk, do not invest in mutual funds.
Why should I invest in Stocks, and Mutual Funds?
Time and again it has been proved that shares/equities are one of the best long-term investments. Investing in stock market provides an opportunity to make money. Investors will be able to reap profits by investing in stable companies that are able to grow. Similarly, by investing in different stocks, an investor will be able to increase the wealth by leveraging growth in various sectors. Moreover, some stocks do provide extra income in the form of dividends, which can be used for further investing or for other financial needs.
Mutual funds can be tax-efficient investment avenues that can help reduce your tax burden and at the same time increase your wealth. ELSS – An Ideal Tax-saving Instrument – Equity Linked Savings Schemes (ELSS) offers an easy option to obtain tax benefits and an opportunity to harness the potential upside of investing in the equity market.
How do I know which is the best investment opportunity for me and my family?
InvestoRight collects important information about your financials, before you leap into any investment decision.
We ensure that we help you to invest your money in right financial instruments to reap out your investment benefits at the time when you and your family actually need the funds.
What if i just started working, what are my Investment options?
As soon as possible.
The thesis behind the rule is that we can take more risks at a younger age as we have more time on our hand (less responsibility) and at the same time the approach towards the investment can be aggressive in the accumulation period.
Several investment opportunities are available early in life. Some of them include stocks/ equities, bonds, mutual funds, fixed deposits and savings account etc.
What are a SIP and ELSS?
SIP- or systematic investment plan is a mode of investment, wherein the investor makes periodic investment (monthly, quarterly, yearly) in the particular investment instrument. The major benefits of SIP are to average down our investment (Rupee cost averaging) to reduce the volatility in the portfolio. Also salaried individuals can opt this option to invest from their monthly salary.
ELSS: equity linked saving schemes as the names suggested is one of the type of mutual funds scheme. These funds offer tax benefits under Sec 80C of income tax, according to which investment up to Rs. 1.50 lakhs is deductable from taxable income
I am going to retire soon? Can I invest and get a monthly interest as income?
Out-Living your resources possesses a very high risk during your retirement years, choosing you’re a correct asset allocation is critical for a successful retired life. Their many products one can choose from to start receiving immediate income (annuity). Some of the products that can offer you immediate annuity include mutual funds, bonds, FDs, and, tax free bonds. Factors such as product specific risks, lock-in-period, taxation and liquidity should be considered along with your asset allocation strategy before finalizing a product or a basket of products.
How will I know when my stocks or mutual funds are in profits or losses?
InvestoRight provides you all the online access to check your fund values on your computer or phone. Additionally, you can subscribe to monthly account statements to check your portfolio value.
If my mom or dad already has stocks, can I inherit their shares?
- By way of transfer or
- In case of their death, thru legal proceedings or
- Through a will / gift
Why do disclaimers say mutual funds are subject to market risks?
Mutual fund investments is a market linked products and subject to expected volatility in the underlying securities. One of the key aspects of mutual fund is that they are traded on recognized stock exchange thus provide liquidity to investor. Over a long period of time the market risk gets lower and provides an opportunity for wealth creation.
How much is the minimum for investing in stock markets or sips?
A Systematic Investment Plan (SIP) is a vehicle offered by mutual funds to help investor save regularly. It is just like a recurring deposit with the bank where investor put in a small amount every month. The difference here is that the amount is invested in a mutual fund.
The minimum amount to be invested can be as small as Rs 100 and the frequency of investment is usually monthly or quarterly.
When I make a profit should I be paying a certain amount to InvestoRight as charge?
There is nothing you need to pay us on making profit.
WHAT IS A DIVIDEND?
In a nutshell, a dividend is a portion of the company’s profits which are paid to shareholders. They are generally paid out per share on a quarterly basis, and act as an extra incentive for investors to buy shares. Higher dividends generally leave little room for more growth, essentially generating less of a long-term profit; except in cases where start-ups are concerned. For this reason, not all companies pay dividends to investors, allowing more room for development.
What are the documents required for claiming?
This is one of the most common health insurance queries, and knowing the answer from the get-go makes the claims process much smoother. Essentially the company asks for the identity proof of the members covered, the health card, the hospital bills, etc. at the time of a claim. A pre-authorization form is required in case of cashless claims which are to be submitted to the TPA. Other documents might also be required and you should have the knowledge of the required documents so that you can get your claim processed smoothly.
Whom do I call at the time of an emergency hospitalization?
An emergency situation involves a lot of stress and you don’t need the additional burden of finding out the claim settlement process. If your policy facilitates cashless settlement of claims, find out the policy of emergency hospitalization. Ask about the documentation and, most importantly, whom to contact at the time of such emergency hospitalization. Good brokers have a customer service desk or a specifically appointed representative who would help at the time of claim.