Things to Consider While Making Lump Sum Investment in Mutual Funds in India

Things to Consider While Making Lump Sum Investment in Mutual Funds in India

First things first – What exactly is lump sum investment in mutual funds? As the name suggests, you invest a “lump sum” amount in one go. Contrast this with SIP. For most salaried people, a specific portion of their salary is earmarked as savings and invested into mutual funds every month. However, suppose you sell an old house or inherit some amount of cash and you need to invest that amount. This is the case where you would do a lump sum investment in mutual funds. Why make the distinction? This is an…Continue reading →
Best Monthly Income Plans for Senior Citizens

Best Monthly Income Plans for Senior Citizens

Old age is a man’s second childhood – except for one fact. When you are a child, your mistakes are forgiven and there is more than enough time to rectify them. When you are older, you better be cautious. However, once you start belonging to the ‘senior citizen’ category, you better be extra cautious. Like a child is allowed to go out and play only after he completes his homework, a senior citizen is, implicitly, allowed to make financial mistakes only after he has a sustainable monthly income plan in place. Any senior…Continue reading →
How to set financial goals and achieve them

How to set financial goals and achieve them

It cannot be put into words how relevant this quote is to achieving your financial goals especially using mutual funds. This is exactly what we are going to talk about here. The process of achieving a financial goal is pretty straightforward which is probably the best thing about it. However, let’s quickly visit the important steps and their finer details. Identify Your Financial Goals This is the starting point which makes it probably the most important step of this entire exercise. It is extremely important to be able to identify and define financial…Continue reading →