Podcast 10
My Budget - Managing income and expenditure to create surplus
Do you always run out of money by the end of the month? It’s time you think of budgeting that will enable you to find a balance between income and expenditure, due to which you will be able to create a surplus budget for investments. The foremost rule of getting closer to personal financing is “pay yourself first.”
Once you know how much you’re going to invest, you can prepare income and expenditure account that includes your fixed and variable expenses. The fixed costs are unavoidable, such as utility bills, EMIs, rent, etc. On the other hand, variable costs include bills related to leisure activities, vacation, shopping, etc. This will help you know where you can control your spending.
Listen to the podcast for insights on budgeting.
My Financial Goal #1
My Goal
Buy a House
Achievment Date
July 31, 2022
Create your own goal through "Smart Selfie"
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Investor Education: Your Best Defence Against Investment Scams
It's essential to emphasize that continuously educating yourself about the investment landscape is crucial for safeguarding your hard-earned money.
Beginner's guide Hindi
Beginner's guide Hindi
Building for the Future - English
There are many young professionals like “Jaanoji,” who are have no idea what do to with the income as soon as they start earning. Are you one of those who does not know how to build the future? This is the perfect time to explore mutual fund investment.
When you have just stepped into the professional world, it is quite normal to not know much about mutual funds and what is the maximum amount to invest in mutual funds.
As you earn income, it is necessary to have a plan in place for a secured future, and mutual funds are one of the best investment avenues where you can invest at an early age, allowing your money to grow. Asset management companies’ money from several investors and use the funds to invest in diversified assets to generate maximum returns by mitigating risks.
If you’re wondering how much percentage of salary should be invested in mutual funds, even a small amount of Rs.500 per month is enough for beginners.
Gradually, you can increase the amount as your net worth grows. The funds are managed by professional fund managers that help you select the right scheme based on your risk appetite and investment goals. It is not easy to make money by investing in mutual funds if it is for a short time. You can expect good results only when you stick for a longer period and most preferably opt for equity investments.
To get started with mutual funds, you can also seek assistance from a financial advisor.
An Investor education and Awareness initiative of Aditya Birla Sun Life Mutual Fund
All investors have to go through a one-time KYC (Know Your Customer) process. Investors to invest only with SEBI registered Mutual Funds. For further information on KYC, list of SEBI registered Mutual Funds and redressal of complaints including details about SEBI SCORES portal, visit link : https://mutualfund.adityabirlacapital.com/Investor-Education/education/kyc-and-redressal for further details.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully
म्यूचुअल फंड निवेश बाज़ार जोखिम के अधीन हैं, योजना संबंधी सभी दस्तावेज़ों को सावधानी से पढ़ें।
Nivesh Mahakumbh Digital – September 2020 |A virtual conclave on Financial & Emotional Well-being during these unprecedented times
Tune into our first ever Digital version of Nivesh Mahakumbh where you will get to know ways and means about “How to manage your financial and emotional well-being” during these unprecedented times. This unique event is inspired from our ancient concept of mass gathering and getting life enlightening knowledge from sages which is “Mahakumbh”. Through this “Nivesh Mahakumbh” you will be empowered with knowledge about managing mind to managing money.