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Name : Vikas Khanna
Company : UTI
BIO : Vikas Khanna is an Independent Financial Advisor....
Name : Gurmeet Chadha
Company : UTI
BIO : Gurmeet Chadha is a CPFA (certified personal....
Name : Deepa Nitalla
Company : UTI
BIO : Deepa Nittala, is a CFPCM Professional with an....
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Company : UTI
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Questions :

How to Plan for retirement, emergencies
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For a successful retirement plan & emergencies fund, there can be multiple options. But in my opinion following can be important steps in planning for retirement & keeping funds for emergencies:- Set your retirement goal: Estimate fund requirement for financially independent retired lifestyle, considering your present cost of living & effects of inflation. Start early: The sooner you begin the investment process, the better. The power of compounding always plays an important role in building the corpus. Systematic investing: Systematic investment adds discipline to investment & also provides advantage of the rupee cost averaging. Diversify: Choose the right mix of assets (equity, debt, gold, and others) in your investment portfolio so that the risk-reward ratio can be optimised. Establish a contingency fund: Emergencies can arise at any time and requires immediate need of money. To be ready for emergencies one should maintain three months of household expenses as emergency fund in liquid assets as they are easily available. Review and rebalance: Review investments periodically to make sure that these are on track.


- Davinder Kumar Garg

How to save 1 crore for grandchildren?
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1. Consistently investing Rs 1427 p.m. for 30 years at a rate of 15% will help you create a 1 Crore Corpus for your grandchild. 2. If you want to consider investing only RS 1078 p.m., your investment must generate an annualized return of 16.25% to create 1 Crore in 30 years. At the same time, if you want to conservatively estimate a return of 13.6% p.a for, (a more feasible estimate considering India’s macro-economic factors and GDP growth), you may accumulate RS 2000 p.m. to create the same corpus. 3. To diversify Business risk adequately, it is recommended to invest in Equity Diversified Funds. The SIP route will ensure you diversify and average the market risk. 4. Yes, investment in the name of a minor is possible through his /her own bank account, and operated by the father or mother as the guardian. 5. Steady and continuous investments, with the recommended amounts have been suggested above. However, periodic stepping up of SIP’s also helps you achieve the corpus. Starting your SIP with Rs 1026/- in 1st year, and growing the contribution annually by 11%, helps you achieve 1 Crore corpus in 30 years. 6. Approach a qualified financial advisor who will help you with the necessary paperwork to initiate a direct deduction of the monthly SIP from the bank account. Registering a mutual fund KYC with pan copy, photo and address proof are pre-requisites to investing. 7. Diversified, Open-ended, equity scheme are the best available options for long term goals. They are open ended and readily available. However, all investments initiated within last 12 months are subject to exit charges and tax implications.


- Deepa Nitalla

How an Indian Citizen abroad invest in Mutual Funds?
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India’s projection as a favored destination for global investment begs the question how Indian’s living overseas can participate in this growth story? How To Invest – The convenience of participation through Mutual Fund Schemes for NRIs/PIO can be on a A. Repatriable Basis - through NRE or FCNR Bank Account in India. B. Non-Repatriable Basis - through NRO account. Investors are required to be KYC compliant, guidelines for the same are available on www.cvlkra.com Where to Invest – Financial goals, Time, Asset Allocation and Risk appetite determine the choice of funds across the spectrum of Debt and Equity through a comprehensive financial plan. Financial advisors can assist investors by constructing and managing portfolios giving quality advice. For Beginners- a reference guide for choice of funds- • Short-term (upto 3 years) with relative safety – debt funds • Medium term (3-5 years) with moderate risk – hybrid funds. • Long term (5 years plus) – equity funds


- Gurmeet Chadha

Mistakes most women do when invest?
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It’s part of our life but we all do mistakes 1. Letting someone else handle the finances and investments – Women are experts in daily money management and can do the same when it comes to investment and asset building. 2. Quit Job losing financial independence – Quitting job is not the end of it all but can be constructive in self-employment as well household responsibilities. 3. Women tend to avoid investment related decisions – It is for the fear of going wrong, women avoid investment related decisions. The woman can be of major help to her spouse. 4. Not building assets of your own – Saving money in almirahs and investing in jewellery is not enough. Women should go beyond that and learn latest techniques to further build her assets while diversifying her portfolio for future needs. 5. Children are priority – Children are every mother’s priority, but a woman should also save for her own future. 6. Couples don't discuss their finances until something goes terribly wrong – There should be financial intimacy and mastery of finances between partners.


- Ina Dhingra

For a successful retirement plan & emergencies fund, there can be multiple options. But in my opinion following can be important steps in planning for retirement & keeping funds for emergencies:-


Set your retirement goal:

Estimate fund requirement for financially independent retired lifestyle, considering your present cost of living & effects of inflation.
Start early: The sooner you begin the investment process, the better. The power of compounding always plays an important role in building the corpus.
Systematic investing: Systematic investment adds discipline to investment & also provides advantage of the rupee cost averaging.
Diversify: Choose the right mix of assets (equity, debt, gold, and others) in your investment portfolio so that the risk-reward ratio can be optimised.
Establish a contingency fund: Emergencies can arise at any time and requires immediate need of money. To be ready for emergencies one should maintain three months of household expenses as emergency fund in liquid assets as they are easily available.
Review and rebalance: Review investments periodically to make sure that these are on track.


- Vikas Khanna
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All the data/information shared above are opinions/views that solely belong to the IFAs. UTI Mutual Fund (acting through UTI Trustee Company Pvt Limited) / UTI Asset Management Company) owes no responsibility/liability whatsoever in this regards. The information contained should not be construed as forecast or promise. Any investment decision taken based on the information provided in the content above shall be at sole risks, cost and consequences of the user.



 

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