06Nov2013
Tax-saving funds
that made an impression - Vidya
Bala
Equity Recommendations
- B. Krishna Kumar
Financial Planning
Education Series
have been sending in valuable feedback about improving our services and platform.
It is also the season for tax savings. Before your HR department (or your tax attorney) reminds you to do so, please go
ahead and make your 80-c tax saving mutual fund investment as soon as possible.
Choosing a good tax fund has never been easier our research has produced a small list of the best tax funds that you
can choose from.
Please read Vidya Balas article in this newsletter (or in our blog) to see what these funds are. Remember, we can send
you the mutual fund account statement for your tax saving investment as soon as the investment has been completed.
Happy (tax-saving) Investing!
Disclaimer: Mutual Fund Investments are subject to market risks. Please read all scheme related documents carefully before investing.
Volume 6, Issue 11
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Volume 6, Issue 11
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(Continued on page 4 . . . )
Disclaimer: Mutual Fund Investments are subject to market risks. Please read all scheme related documents carefully before investing.
Volume 6, Issue 11
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The preferred or the ideal buying zone for Dabur is at Rs.167-170 range. The stop loss for long positions may be placed at Rs.163. As long
as the support at Rs.163 is not breached, expect a rally in Dabur to Rs.189.
Chambal Fertiliser is a relatively more risky call compared to Dabur. The stock has been in a major downtrend that has been arrested at
key support levels. From the weekly chart of Chambal featured below, it is evident that the stock has been consolidating for a while and
appears poised for the next leg of the uptrend.
Mr. B. Krishna Kumar also hosts a weekly webinar that discusses the market outlook for the following week. You can follow him on Livestream to receive reminders for his webinars: http://
new.livestream.com/accounts/4749821
Disclaimer: Mutual Fund Investments are subject to market risks. Please read all scheme related documents carefully before investing.
Volume 6, Issue 11
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Financial planning is a systematic approach to create a roadmap in order to reach your goals. It helps you
identify and quantify your current financial needs in order to judge how much money you will need for the
future.
With financial planning, you can set important milestones such as your childs education, your childs marriage, your retirement, or the purchase of a new asset, and start saving for them.
It is simple. A financial planner will help you determine and quantify your goals, and then evaluate your
income and expenses to see how to allocate funds towards your goals in a way that your financial objectives are accomplished.
Once a plan is created by taking all your personal financial goals into account, you can start investing towards reaching your goals.
Financial planning is not only for the wealthy. It is essential that individuals who are just starting out on
their career path also receive good financial advice in order to ensure that they are not reckless with their
money.
As each individuals needs are unique, you will need a tailor made financial plan that fits your requirements. Of course, the financial planner would charge a nominal fee for developing an independent comprehensive financial plan that suits you.
Investment products are varied and complex in nature. Every product has its own advantages; but it may
also be unsuitable for a few. A financial planner would help identify a product that could be suitable to
your objectives rather than just picking a product.
A financial planner has a vital role to play in aiding you to achieve your desired financial goals. And rest
assured, the presence of a competent, experienced and honest financial planner can ensure that your financial process becomes an easy task.
Mr. S. Sridharan is the Head of Financial Planning at FundsIndia. You can reach Mr. Sridharan at sridharan@fundsindia.com
Disclaimer: Mutual Fund Investments are subject to market risks. Please read all scheme related documents carefully before investing.
Volume 6, Issue 11
Page 6
The best way to invest this Diwali (or indeed, any Diwali) is to pretend that it's not Diwali. In other words, to
have an un-Diwali investment strategy. I realise that this may sound sort of sacrilegious--perhaps it is--but
investments are serious business and it's never a good idea to make investing decisions based on custom or
habit or ceremony.
Diwali, like all other festivals, is a great time to celebrate, to be with friends and family and to conduct whatever rituals and traditions that are customary for your community. However, unlike many other festivals, Diwali
is intertwined with wealth and investments and prosperity which gives it an additional aspect of being an auspicious time to invest.
However, any rational analysis as an investor would perforce lead one to the conclusion that there is no reason to treat a date--any date--as special. Whether the date is a calendar new year like January 1, or a traditional new year like Diwali, or the start of a new decade, it has no more significance to how you invest than your
own birthday.
Therefore, just like one does for these other 'round number dates', I'd say that the investment strategy to be
followed should depend entirely on what your needs are, and not on what the calendar shows. However, that
immediately brings up the question of dealing with what your needs are and how to map them on to the investments you make.
The trick here is to divide your investments into specific financial goals, a goal being defined as the combination of a target amount and a target date. For example, you'll need money for your daughter's higher education after three years. You'd like to buy a house at least ten years before retirement. You'd like to go on a vacation to Europe after two years. You'd like Rs 2 lakh to always be available for emergencies.
Each of these goals is very precise. The risk you can take with it, as well as the amount of money needed can
be quantified quite precisely. Therefore, it is relatively easy to decide what kind investments should be made
for each of them. Instead each individual must have many portfolios, one for each financial goal. And then can
you tune each portfolio's level of conservativeness or aggressiveness to the right level by choosing the right
kind of assets.
Syndicated from Value Research Online. Read the article online here: http://www.valueresearchonline.com/story/
h2_storyview.asp?str=23875
Disclaimer: Mutual Fund Investments are subject to market risks. Please read all scheme related documents carefully before investing.