Sunday, October 27, 2019

DIWALI BONUS? use your Head not HEART !!!

Happy Diwali Friends,
Its BONUS TIME !
Whether you are salaried person or self employed, Diwali is one festival where BONUS is assured.
The TV ads and the full page ads on newspaper are attracting you with the latest model of that iPhone, the Latest Tanishq Jewellery

So, off for a shopping Binge ?
Wait.
Before you do that, we at SRIKAVI WEALTH, request you to kindly go the points mentioned here and then decide.



Avoid Impulse Buying.

The 1st preferance is always
FULFILL NEED 
only then comes the WANTS.




Settle Pending Bills and Debt
The foremost and best option to spend your Bonus money is to clear off Long pending bills and most importantly any Debts you may have, especially Credit Card Bills.
(except of course, Home Loan, for which sitting with your financial Planner would be better).
Most importantly, clearing off debt would boost your self confidence and improve your Credit Score too.




Buy that Long Pending Asset. 
Long Pending Asset like buying Gold for your wife, a Car for the family, or an Appliance for the house or even a Membership  is also recommended as otherwise people tend to go for EMI.
Of course, before buying make sure that the ASSET is truly required and you are not buying just because you have money (or to show off).

Invest in ELSS:
Instead of waiting till March to complete your quota of 80C investment, do it now.
Do it when you have money.
Do it when the Markets are down.
Waiting till March may leave you with not only Higher Prices, but also unforeseen liquidity crunch.
Better now than later.


UPGRADE : 






If you are in a profession which requires you to constantly upgrade your knowledge, technology, etc.
this is the best time to invest in a Top-End course you always wanted to do
or
Attend that conference of your favourite Trainer.
Attend, Learn, Implement and be amongst the best.
Why not join a Yoga course and rework on your Health ?

TOP UP:
Bonus is a great time to top-up your Insurance Cover, especially if you are under-insured.
Do consider investing a Lumpsum in your existing Sip to not only average your Cost of purchase but also to ride the Compounding Magic.
The markets have been more bearish rather than bullish for nearly 2 years now and its a great time to invest that Lumpsum in your existing sip.
Any uptrend will ensure that the bonus will give that EXTRA cream to the overall portfolio returns.
Consult your Financial Advisor before investing.
.


Other important options which you should consider, is
1. Update your Emergency Fund

2. Cover the shortfall, if any, in your Long term Goals (Child Education, Retirement, Home, etc)

For all these sitting with your Financial Advisor is a must as he will be in a much better position to recommend the right avenues for your Bonus Money.



Finally,
Not everything must be connected with Materalistic World.
You are doing all this Donkey's work for the happiness of your family.
Why not take them off to the Long Pending Family Vacation?
Why not get them long pending long cherished clothes, shoes?


But, of course, ensure that all the above options are cleared, settled and then go ahead.

IMPORTANT : 
Remember, BONUS IS NOT FREE MONEY. 
It has been given to you as you have worked hard and you deserve it.
So, while spending that Bonus money, USE YOUR HEAD and not your Heart.





Wish you a Great Diwali and all the very Best.

Regards,
Srikanth Matrubai
SRIKAVI WEALTH


Also visit http:/http://https://t.me/MutualFundWORLD/

WHATS YOUR INVESTMENT STRATEGY?

Greetings,

"It's only by sticking to a strategy through good years and bad that you'll maximize your long term gains......PETER LYNCH




Investors who are successful have been observed too have a strategy.
Whether it's Warren Buffet, Rakesh Jhunjhunwala, each one of them follow a strategy and stick to it.

Same is the case with even FUND HOUSES too.


Strategy of HDFC AMC
They follow SLR concept ...
SAFETY
LIQUIDITY
RETURNS ......


Strategy of TEMPLETON AMC ( debt funds )
They follow
LADDERING METHOD ...
EVERY month one CP OR NCD OR PPD must mature and get cash in to portfolio ....


Birla uses BARR concept for their EQUITY buying

The new AMC in Indian MF, the ITI MUTUAL FUND believes in
S - Safety
Q - Quality
L - Leverage


six common investment strategies among fund managers, including:
  • Top-down investing
  • Bottom-up investing
  • Fundamental analysis
  • Technical analysis
  • Contrarian investing
  • Dividend investing


INVESTOR'S STRATEGY : 
An investors strategy will basically depend on his RISK PROFILE  which obviously includes, your
Risk Appetite
Age
Investment Objective
Your Income durability
Your Goals


Then comes HOW YOU GO ABOUT IT.
The HOW YOU GO ABOUT IT is in other words is INVESTMENT STRATEGY. 
It could be Aggressive, Moderate, Defensive, mix of assets, and more.
Needs lots of brainstorming and deep hard thinking and analysis.


Trying to invest without a strategy in place is like going to an EXAM without reading anything.  You may have the best of writing instruments, but it makes ZERO sense when you don't haven't READ the syllabus.

All successful investor have a Strategy.

Different Stages of Life need Different Investment Strategy

Do you have one ?

Krishna’s guidance helped Pandavas emerge victorious in the war.
Lesson: Wrong instrument choices and poor performance can be resolved with the right strategy.




Best strategy is to have a FINANCIAL ADVISOR who guides and handholds you to SUPER SUCCESS !


Find that Advisor and 50% of your job is done.

Yes you may successful IN YOUR field but
Success in Life Doesn’t Always Equate Into Financial Acumen

A Financial Advisor is a necessity.
Just like you need to look at different models of car including its style, price etc before buying..... Investment needs to have a process in place.



The Biggest advantage of having a Financial Advisor is the Financial Advisor ensures makes sure you avoid MISTAKES

The difference between a okayish strategy and a Good strategy could well result in difference of CRORES.
Dont try to save few THOUSANDS and lose CRORES.

Dont be #PAISAWISERUPEEFOOLISH




Remember HOPE IS NEVER EVER A GOOD STRATEGY


ALL THE BEST


//https://t.me/MutualFundWORLD/


Also visit http:/http://https://t.me/MutualFundWORLD/

Wednesday, October 16, 2019

IS YOUR MONEY SAFE IN HDFC BANK?


Since this afternoon, an image has gone VIRAL of an image of a HDFC bank passbook


The message goes something like this.
.
.
HDFC BANK Using Stamp on Passbook and declaring they are not liable to take the responsibility over one Lakh....that means savings upto *ONE LAKH ONLY is safe in Private Banks*
.
.

Along with this message, some people even posted the following message which doubted even the fundamentals of HDFC BANK !!



.
I got so many messages and calls from my investors whether they should pull out money from HDFC BANK.





SRIKANTH MATRUBAI says :


Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India GUARANTEES that in case of an unlikely bank failure deposits up to ₹1 lakh is insured and paid back to the depositor.
So in effect whether it's your
PSU (GOVT) Bank SBI
or the private HDFC BANK,
your neighbouring CO-OPERATIVE BANK,
even branches of Foreign banks operating in India
your money is GUARANTEED upto Rs.1 lakh (only) by the DICGC.

The ₹1 lakh limit covers both principal and interest amount.
This amount is PER BANK.


Later, HDFC BANK too came out with a clarification on this.



CAVEAT ,: 

If your bank has NOT paid the premium payable to DICGC in time, in that case DICGC will not pay the said Rs 1 Lakh too.
But never in history has any bank made such a stupid blunder !



The deposit insurance cover was last hiked in May 1993 to Rs 1 lakh from Rs 30,000 in July 1980.
The present Govt is seriously considering INCREASING this limit soon.
It's simple DICGC rule which is printed by HDFC Bank.

In fact, this should be followed by all the banks

In fact, this practice should have been followed long back and followed by all the banks and thankfully HDFC BANK has taken the lead in this direction and deserves to be applauded.

I sincerely request all my readers and investors to IGNORE this kind of malice fake news and rather focus on creating WEALTH.


DO NOT FALL PREY TO MALICIOUS SOCIAL MEDIA MESSAGES

However, one thing which you should make NOTE of is that only 1 lakh is GUARANTEED but any amount above that you may get nothing if the Bank collapses.

So IT MAKES SENSE TO DIVERSIFY YOUR SAVINGS AND INVESTMENTS INTO DIFFERENT BASKETS AND NOT ONLY PROTECT YOUR HARD EARNED MONEY BUT ALSO ENJOY THE BENEFITS OF COMPOUNDING.


FINALLY,
While you already are aware that MUTUAL FUNDS ARE SUBJECT TO MARKET RISK...
It would also be better to be aware that your FIXED DEPOSITS (above 1 lakh) IS SUBJECT TO SYSTEMATIC FAILURE RISK.!!
So, you could look at alternatives to FD like
Liquid Funds,
Short Term Fund
Income Funds,
Do contact your Financial advisor before investing.





Avisit http:/http://https://t.me/MutualFundWORLD/

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