• Financial Planning

    In finance, investment is putting money into an asset with the expectation of capital appreciation.

  • Mutual Funds

    When it comes to the world of investing, three words come to mind: overwhelming, intimidating, and scary.

  • Time for changes

    Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows.

Grow Your Wealth

Here are a few simple steps which will help you build your wealth:



The Earlier, the Better:

It is often said that the earlier one starts investing, the better it is to grow your money. As with anything else in life, investing also benefits with an early start. The principle of compound interest works magic on building money.
When you begin your career it is understandable that the initial salary will be low. However, even small amounts of savings in good investments will help in slowly and steadily building your wealth.
For example, let us look at the case of Raj and Shyam. Raj who is 25 years old needs to invest Rs. 1,500 per month for the next 35 years to build a corpus of Rs. 57.4 lakhs at the return rate of 10% pa. Now Shyam who is 30 years old will need to invest close to Rs. 2525 per month at the same return to accumulate the same corpus after 30 years, assuming both retire when they are 60 years old. A difference of 5 years in investing results in a difference in savings needs of over Rs. 1000 per month over the entire tenure of investment. Hence remember to understand the power of compounding and start your investment plan early in life.

 

SIP


Another mantra to build your wealth is regularity and discipline in investing. Often, a break in investing plans disrupts your goals and hampers the growth of money. The best way to make sure you are not irregular in saving is by starting Systematic Investment Plans in good quality mutual funds.
Try and automate this so that you do not forget your monthly investments. Also, if at any point, you happen to miss investing in a particular month, make it up for this in the subsequent month by investing double the amount. You must also look at upping your investment amount gradually, as your income increases.


Long Term Investing


Often, people complain that despite being regular in investing, they do not see a growth in wealth. This is because they withdraw the money invested frequently, not giving it a chance to grow. Remember that the longer you leave money invested in a good investment option, the higher it will grow due to the compounding effect.


Review Regularly


Having said that, remember to regularly review your investments to assess its performance. If you find a particular investment giving you very poor returns, you must immediately withdraw your money from such an investment and invest in better performing assets. Also remember to track your investments regularly and modify your asset allocation pattern depending on your age and risk profile.


Keep Yourself Updated


Another important thing to be remembered is make sure you have the required knowledge in an investment class before investing in it.


Understanding the Ratios


Track all your income and expenses regularly to understand your cash flow positions. If you are left with a surplus cash flow month after month, it means you should start investing more in order to grow your wealth.


With positive net flows into equity schemes for six months in a row, stocks of 3 listed AMCs and CAMS remain in focus
Thu, 09 Sep 2021 12:55:28 +0530


With the ebbing of the virus risk and equity markets scaling new highs, investors poured in Rs 20,742 crore in equity schemes in July — more than a four-fold rise over June
Thu, 12 Aug 2021 12:02:42 +0530


Motilal Oswal has come out with its report on Paras Defence and Space Technologies. The research firm has recommended to #39;#39;Subscribe#39;#39; the ipo in its research report as on September 21, 2021.
Tue, 21 Sep 2021 13:21:25 +0530


The offer size has been reduced to 71.40 lakh equity shares from 97.58 lakh equity shares after the company mopped up Rs 51.23 crore from five anchor investors on September 20.
Tue, 21 Sep 2021 12:04:18 +0530


The offer size has been reduced to 71.40 lakh equity shares from 97.58 lakh equity shares after the company mopped up Rs 51.23 crore from five anchor investors on September 20.
Tue, 21 Sep 2021 12:04:18 +0530


Analysts recommend subscribing to the IPO, saying the company is uniquely positioned to benefit from growth in the defence and space sectors
Tue, 21 Sep 2021 09:59:15 +0530


Arihant Capital has come out with its report on Paras Defence and Space Technologies. The research firm has recommended to #39;#39;Subscribe#39;#39; the ipo in its research report as on September 21, 2021.
Tue, 21 Sep 2021 08:38:40 +0530


Arihant Capital has come out with its report on Paras Defence and Space Technologies. The research firm has recommended to #39;#39;Subscribe#39;#39; the ipo in its research report as on September 21, 2021.
Tue, 21 Sep 2021 08:38:40 +0530


KR Choksey has come out with its report on Paras Defence and Space Technologies. The research firm has recommended to #39;#39;Subscribe#39;#39; the ipo in its research report as on September 20, 2021.
Tue, 21 Sep 2021 08:11:26 +0530


Ashoka India Equity Investment Trust Plc received 10 lakh equity shares while Abakkus Emerging Opportunities Fund - 1 purchased over 6.65 lakh equity shares, which already held a 1.01 percent stake in the company.
Mon, 20 Sep 2021 22:42:46 +0530


Mon, 20 Sep 2021 22:42:46 +0530


Ashoka India Equity Investment Trust Plc received 10 lakh equity shares while Abakkus Emerging Opportunities Fund - 1 purchased over 6.65 lakh equity shares, which already held a 1.01 percent stake in the company.
Mon, 20 Sep 2021 22:42:46 +0530


The trading in shares of Markolines will commence from September 28, the prospectus says
Mon, 20 Sep 2021 16:41:50 +0530


Hem Securities has come out with its report on Paras Defence and Space Technologies. The research firm has recommended to #39;#39;Subscribe#39;#39; the ipo in its research report as on September 20, 2021.
Mon, 20 Sep 2021 14:38:06 +0530


Shares of the manufacturer of defence and space engineering products and solutions are expected to start trading on October 1.
Mon, 20 Sep 2021 12:39:52 +0530


Choice Equity Broking has come out with its report on Paras Defence and Space Technologies. The research firm has recommended to #39;#39;Subscribe#39;#39; the ipo in its research report as on September 17, 2021.
Mon, 20 Sep 2021 09:54:13 +0530


Choice Equity Broking has come out with its report on Paras Defence and Space Technologies. The research firm has recommended to #39;#39;Subscribe#39;#39; the ipo in its research report as on September 17, 2021.
Mon, 20 Sep 2021 09:54:13 +0530