By Ganesan Thiru
The podcast currently has 24 episodes available.
If you want to become fit, you need to follow a healthy routine for months together. Then only you can become active and fit. The in between period of becoming fit is the process time where you need to believe in yourself and continue the routine.
If you want to be financially free, you need to follow a savings & investing routine. You need to control the temptation of spending your accumulated money, give up your emotions of investing in wrong places and then you can be financially free.
In this episode listen to some tips on how to practice and achieve financial freedom.
How many times have you tried saving an amount of money and ended up saying, “Let me see next month, when my financial condition improves.”
“Tomorrow never dies, so start saving now”
Tomorrow Never Dies is one of my favorite James Bond movies. I remember this quote whenever I am spending a lot and not saving. If you need to save, just say to yourself, “Tomorrow never dies, so start saving now.”
Systematic Transfer Plan (STP) is a popular investment tool offered by mutual funds that allows investors to transfer a fixed amount of money from one scheme to another. STP is a way to systematically invest in mutual funds while also managing risk.
STP allows investors to transfer a fixed amount of money from a debt scheme to an equity scheme or vice versa, depending on their investment goals and risk appetite. This way, investors can manage their portfolio and gradually move towards their investment goals without exposing themselves to undue risk.
Investing a lump sum amount can be a daunting task, especially when there are so
many investment options available in India. The right investment option depends on
various factors such as investment objectives, risk tolerance, investment horizon,
and financial goals.
9 different lumpsum investment options :
Here are some investment options that can be considered for investing a lump sum
amount in India:
1. Fixed Deposits: Fixed deposits are a popular investment option for those who
want to invest their money for a fixed period and earn a fixed rate of interest.
Banks and non-banking financial companies (NBFCs) offer fixed deposits with
different tenures and interest rates. Fixed deposits are considered a safe
investment option as they provide assured returns.
2. Mutual Funds: Mutual funds are a popular investment option for those who
want to invest in a diversified portfolio of stocks and bonds.
Read more in Blogs section in https://ganesanthiru.com
In case of Dividend plan which is now called as “Income Distribution cum capital withdrawal” plan. Generally, this is being pushed as monthly income generation plan for many senior citizens and also to others who wants passive income. Dividend plans will not grow as the income is distributed from capital and hence the change in name which happened recently.
Dividends are provided by companies listed in stock market. The extra profit is generally shared with shareholders or it is also the reward for holding it for a year. Any company which gives dividend are considered good companies to invest. Most of the mutual funds have dividend options based on this to attract investors.
Which should I choose among SWP Vs Dividend?
Even as senior citizen after you crossed 60, the chances of you living till 80 or 90 or even till 100 is high. You need money to live the way you want. So SWP can help in growing your money as well as withdrawing a considerable amount of money.
One thing which is clear with this data is that Dividend options can provide yearly income and at the expense of growth. As we had seen out of both of these funds, growth of the fund is limited in case of Dividend option whereas if you use SWP option, growth can help you to see the fund grow multifold.
This podcast is hosted by Ganesan Thiru. I provide solutions for Investing in Mutual Funds, Stocks, Fixed Instruments, NCDs, Commercial Real Estate etc.,
Contact: 9444893050
I provide investments, insurance and loans.
Systematic Withdrawal plan can be used to withdraw money into your bank account directly. Say you have accumulated corpus of 1 crore in your mutual fund portfolio. Instead of withdrawing fully, you can use this option to withdraw monthly a fixed amount.
How to use SWP at the end of SIP ?
If you had started investing in SIP and accumulated a huge corpus then it is easy to withdraw by using Systematic Withdrawal Plan.
Say you accumulated 3 crores at the end of 20 years by SIP. Now you can withdraw 6% or 7% alone every month and then the rest of the amount can grow in this equity fund itself.
Even if you have Lumpsum amount and need monthly returns, this can be used for pensioners
ICICI Mutual fund, Motilal Oswal & UTI mutual fund started offering a combination of SIP & SWP together.
ICICI Mutual fund AMC offers Freedom SIP plan as an option. They provide separate Application form where the investors will be provided an option to choose a SIP fund and also an option choose SWP option at the end of SIP tenor.
This podcast is hosted by Ganesan Thiru. I provide solutions for Investing in Mutual Funds, Stocks, Fixed Instruments, NCDs, Commercial Real Estate etc.,
Contact: 9444893050
I provide investments, insurance and loans.
Are you looking to invest other than Mutual fund ?
Are you looking for new product with better returns ?
In the last 2 decades we had new investment products which was invented by identifying the problem and providing a solution.
Below are some of the new investments which are available to consider and invest,
1) P2P lending platforms
2) Fractional commercial real estate investments
3) Structural Products
4) Unlisted Shares
5) AIF
People start looking to invest in new investment products when there is a less risk or if it is transparent. Also there should be income surplus which will naturally create an avenue to invest.
This podcast is hosted by Ganesan Thiru. I provide solutions for Investing in Mutual Funds, Stocks, Fixed Instruments, NCDs, Commercial Real Estate etc.,
Contact: 9444893050
I provide investments, insurance and loans.
1) Start investing your money in Equity linked savings schemes or ELSS. As it has less lock in of 3 years period. This can be allocated for all your long term investment goals – Section 80C
2) Get pure Term Insurance or Life Insurance this year – Section 80C
3) Get Mediclaim or Health Insurance policy – Section 80D
4) Invest in NPS, if you are falling under 30% tax bracket – Section 80CCD (1B)
5) Donate for a purpose every year and claim tax under Section 80G
In total below are the total tax savings you can make this year,
Section 80C – 1,50,000
Section 80D - 25,000/50,000
Section 80CCD(1B) – 50,000
Section 24 - 2,00,000
Section 80G – No limits
You can try to save tax only in these sections and after this is exhausted, you need to pay tax. Invest wisely for your future and stop worrying about the taxes you are going to pay year after year.
This podcast is hosted by Ganesan Thiru. I provide solutions for Investing in Mutual Funds, Stocks, Fixed Instruments, NCDs, Commercial Real Estate etc.,
Contact: 9444893050
I provide investments, insurance and loans.
Almost 95% of the people had lost money in the stock market and the ultimate reason is, they would have invested or traded without any knowledge.
Here is my 3 step approach to investing in the stock market as a beginner,
95% சதவீதத்துக்கு மேல மக்கள் பங்குச் சந்தையில பணத்தை இழந்திருக்காங்க, அதுக்கு முக்கிய காரணம் பங்குச் சந்தைய பத்தின எந்த புரிதலும் இல்லாம முதலீடோ இல்ல டிரேடிங் பண்ணதுதான்.
பங்குச் சந்தையில புதுசா முதலீடு பண்ண ஆரம்பிக்கரீங்க அப்படினா இந்த 3 விஷயத்த கடைபிடியுங்க,
This podcast is hosted by Ganesan Thiru. I provide solutions for Investing in Mutual Funds, Stocks, Fixed Instruments, NCDs, Commercial Real Estate etc.,
Contact: 9444893050
I provide investments, insurance and loans.
You can be prepared for this kind of recession if you think it might affect you. Here are my 5 point checklist which will help you to start fresh investment or plan your existing investment accordingly,
ரிசஷன் உங்களோட பணத்த இன்வெஸ்ட் பன்ன தடையா இருக்கா ? ரிசஷன்ல இருந்து உங்கள பாதுகாத்துக்க இந்த அஞ்சு விஷயத்த பண்ணுங்க.
This podcast is hosted by Ganesan Thiru. I provide solutions for Investing in Mutual Funds, Stocks, Fixed Instruments, NCDs, Commercial Real Estate etc.,
Contact: 9444893050
I provide investments, insurance and loans.
The podcast currently has 24 episodes available.