Is it possible to have a Rs. 1 crore corpus on retirement? Want to live life king-size in your autumn years?

Then start early and embrace systematic investment planning. The power of systematic investment planning lies in compounding. Rs. 1,000 saved and invested every month for 20 years can make you richer by approximately Rs. 17.60 lakh. But do you know what will be the corpus if the same amount of money is invested regularly over 30 years? You will be wealthier by approximately Rs. 94.90 lakh. Seems interesting?

How can you start on systematic investment planning?

The best way to get started on systematic investment planning is by choosing any of the leading Mutual Fund houses, you can also take help of reputed investment service provider which can link your SIP's with retirement or financial goals. A SIP allows you to conveniently invest a fixed amount every month in the fund of your choice.

One needn’t worry as to how one will transfer a fixed amount every month to the Mutual Fund company or Asset Management Company. You can leave a standing instruction for them to auto-debit the money from your bank account. The entire process of transferring money for systematic investment planning is completely hassle-free.

Why should I invest in SIP?

The biggest benefit of investing through SIPs is that you get the benefit of rupee-cost averaging. Many of us are worried whether we are investing at the right time. With SIPs, you can rest assured that you are investing at all levels of the market, high and low included.

Save a fixed amount every month, start investing them right from a young age and let the power of compounding work for you.

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As is always advisable, check out the top performing mutual funds in India before you start investing in them.

But before that, let us understand what mutual funds actually are, mutual funds are in the form of Trust (usually called Asset Management Company) that manages the pool of money collected from various investors for investment in various classes of assets to achieve certain financial goals. We can say that Mutual Fund is trusts which pool the savings of large number of investors and then reinvests those funds for earning profits and then distribute the dividend among the investors. In return for such services, Asset Management Companies charge small fees. Every Mutual Fund / launches different schemes, each with a specific objective. Investors who share the same objectives invests in that particular Scheme. Each Mutual Fund Scheme is managed by a Fund Manager with the help of his team of professionals (One Fund Manager may be managing more than one scheme also).

Their are so many Mutual Funds schemes in market and to check out top performing mutual fund in India you should choose the fund based on their performance ranking, scheme asset size, fund manager tenure and experience, total expenses ratio and ratio analysis. But to make it easier you can also contact investment service provider company, who have their own research agency for helping you to select best funds for you, based on market condition.

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The number of ATMs in India has risen to 1.6 lakh. Seven years back, it was just over 27,000. With the rise in the number of ATMs, the cost to banks to maintain them has shown an upward trend too.

Taking into account the grievance of the banks regarding the cost of infrastructure, RBI has allowed the banks to limit the free withdrawals from other bank ATMs in 6 Indian metros to 3 (instead of the current 5) and from its own ATMs to 5 in a month. The six metros where this rule will be applicable are Mumbai, Delhi, Kolkata, Chennai, Bangalore and Hyderabad. Those who stay outside these 6 metros will not be affected by this latest decision. RBI has instructed the banks to limit the fees for those who exceed five transactions from their own bank’s ATMs to Rs. 20 per transaction plus applicable taxes.

The regulator, however, has clarified that this rule will not be applicable to those who have basic Savings Bank accounts or no-frills accounts. The banks still have the discretion to not charge those who exceed the minimum number of transactions per month, but it remains to be seen as to how many of them will do so.
Click here to read the entire report: http://bit.ly/1rR5DBs

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Banking technology has gone a step ahead. Don’t worry if you need to make an online money transfer to a person who doesn’t have a bank account. ICICI Bank’s new ‘Cardless Cash Withdrawal’ system, makes it possible for you to send money to anyone. Transfer money to their mobile number!

An account holder can initiate a money transfer online by divulging only the mobile number and address of the beneficiary. A 6-digit code is sent to the beneficiary’s mobile number, who can then go to any of the ICICI Bank’s ATMs to withdraw money. The catch though is that the beneficiary has to withdraw the money within 2 days.

Though only ICICI Bank has started this innovative payment system, one can expect all the scheduled banks to start offering this service soon. These fund transfer mechanisms will go a long way in our country where bank account penetration is still low.

You can read the full report here: http://articles.economictimes.indiatimes.com/2014-09-10/news/53770263_1_icici-bank-bank-account-cardless-cash-withdraw

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Are you looking to start investing your money in Mutual Funds, so that you can generate some profits; but you have no idea how to go about it? Then you have stumbled upon the prefect blog, by the way!

How to invest in mutual funds in India is an often asked question. Majorly everyone browse it online, to understand more about Mutual Funds. First and foremost thing you can do before investing in Mutual Funds is start understanding it. You can Start by looking up what mutual funds actually are. Mutual funds can be defined as trust that combines the savings of a number of investors who share a common financial goal. And anybody, even somebody with only a few hundred rupees to invest, can be a part of this. This collection is then invested by the fund manager in several different types and combination of securities, including shares, debentures and money market instruments.

Investment in mutual funds in India can be said to be an important part of anybody’s investment portfolio. This is because, market returns have the potential to perform way better as compared to assured return products, in the long term.

How to Choose best Mutual Fund in India: Their are so many Mutual Funds in market and you may like to invest your hard earned money into those funds who will going to perform well in longer run for descent returns. You should choose the fund based on their performance ranking, scheme asset size, fund manager tenure and experience, total expenses ratio and ratio analysis. But to make it easier you can also contact investment service provider company, who have their own research agency for helping you to select best funds for you, based on market condition.

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As children, we confidently explore the world around us. We are inquisitive, curious and have an unquenchable thirst for knowledge and experience. However, as we grow older, we begin to discover our personal limitations because as a child we tried a few things but could not succeed.

It’s like the story of the baby elephant that has a rope tied around his leg. Initially, the baby elephant tries to break free from it, but eventually he gives up and accepts that he cannot move beyond the range of the rope. Years later, when the elephant has grown into a two tonne adult that could easily break the rope, he doesn’t even try because he still holds the belief that he cannot break free.

Like the elephant, we often accept our limitations that we developed as children. We carry these beliefs with us for so long that we forget to challenge them in the light of the new strengths and capabilities we have developed as we grow in life.

Relying on our physical and mental strength, we should challenge the limiting beliefs and accept new goals and targets. Only then we can expect quantum jump in our career.

Napoleon Bonaparte once said: “Have you ever seen animal entering into the mouth of a sleeping lion?”

Success comes when we learn to challenge ourselves. Let us devote time to educate and show our children to challenge the mental limits of their brain. Today parents seem to be just financing the education of their children but not sacrificing their time to inculcate higher goal in life. Give them taller ambitions remarks Dr. Abdul Kalam (Former President of India).

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One of the most important thing in our lives is our family. Its our duty to protect them.To know how Financial security is required you must know your Human life value(HLV).

Your human Life value is 10-12 times of your spendings. So if you are the only earning member of your family with monthly income Rs. 50000 and monthly expenditure of Rs. 35,000. Then your HLV will come around Rs. 42-50 lacs. You can calculate your HLV here: http://bit.ly/1sYU5I7

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We all invest but we do not know when is the best time to start saving.
The below example is for Start Early and Save more.

Mohan started investing Rs. 5,000 per month at age of 30

and  Sohan started investing Rs. 5,000 per month at age of 40.

Mohan gets a Rs. 75 Lacs more than Sohan.

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