FinVise India

2 stories to begin with  1. Nokia refused Android  2. Yahoo refused Google  Story Over  Lessons Learnt 1. Take risks 2. Embrace changes  3. If you refuse to change with time, you might perish  Ok 2 More stories  1. Facebook takes over WhatsApp and Instagram 2. Flipkart takes over Myntra and Flipkart owned Myntra takes over jabong  Story Over Lessons learned 1. Become so powerful that your competitors become your allies 2. Reach the top position and then eliminate the competition 3. Keep innovating 2 More stories  1. Colonel Sanders founded KFC at the age of 65 2. Jack Ma, who couldn't get a job in KFC, founded Ali Baba Story over  Lessons learned 1. Age is just a number 2. Only those who keep trying succeed Last but not least  1. Lamborghini was founded as a result of revenge of a tractor owner who was insu...

Four Year SIPs don't disappoint, interesting facts about SIPs: # 3.67 Lakh SIP A/c running from 1992 to 2017 across 217 schemes. # SIP for just a year suffered losses in as many as 22.5% cases from the year 1992 to 2017 # 2 years SIP suffered losses in as many as 16.2% cases from the year 1992 to 2017 # 3 years SIP suffered losses in as many as 9.8% cases from the year 1992 to 2017 # 4 years SIP suffered losses in as many as 6% cases from the year 1992 to 2017 # Bear Markets in India have lasted for 12 - 24 months. # 5 Year SIP appeared ideal in terms of risk-reward ratio # Over the last 25 Years, a 5 years SIP has managed returns of 15% per annum. For more details on Mutual Funds, Financial Planning & Personal Finance contact us at : Phone No. 9582250638 Email id: contact@finviseindia.com Visit our website: www.finviseindia.com

What is Home Insurance? What great pleasure lies in the often-repeated statement, ‘I am home’. A home is a place of rest, sanctuary and the word itself signals peace and finality. A house also entails a tremendous expenditure of money, emotions and time- a onetime investment in many of our lives. Thus, securing this symbol of independence and achievement, against natural calamities and man-made conditions, is an extremely important concern. Ergo, the need for a good, comprehensive and timely Home Insurance Policy.  In India, Home or Property Insurance is a popular banking product. Being secure is better than being sorry- the essential tenet behind the concept of insurance applies particularly to an emotional and costly insurance such as your family home. Aside from the structure itself, a good home insurance policy provides protection to the items/ implements/ appliances and prized possessions included in the home. A trusty home insurance policy is not just the protect...

Rule 1: 30 % of your income must be used for monthly living expenses. Rule 2: 30% of your income must be used for Liabilities repayments if any. Rule 3: 30% of your income must be SAVED and  INVESTED for your future LIVING. Rule 4: 10% of your income must be spared for entertainments, vacations Rule 5: 6 months expenses must be available for an emergency fund(should be invested in LIQUID FUND, FIXED DEPOSIT Etc) Rule 6:  Home loan must be registered and apply on both husband and wife name. (Both can get benefits on Home loan Tax benefits) Rule 7: Buying the second house for investment is not advisable ( Survey reports - it will fetch you only around 3% return) Rule 8: After 45 years of age, not supposed to enter into any BIG LIABILITIES(Higher education of children and wedding of children will happen around 45 to 50 only, so plan now for the same.) Rule 9: Have a joint account @ Bank savings account. Rule 10: Property must be ...

Five steps to creating a successful long-term financial plan: (1) Know your Financial Goals  - Are you planning your retirement after 25 years? Or, are you planning to buy a new car after 5 years? The first approach to select funds is that one should identify the financial goals and the time horizon it will require to accomplish that financial goal. (2) Do your risk profiling  -  Make sure that the fund also suits your risk appetite. Analyze your risk taking capacity by answering a set of questions that will help you get to know your risk appetite. One of the important aspects of financial planning is risk profiling. It helps an investor understand how much risk they can take vs how much risk they should take to achieve their goals. (3) Know how much you can invest -  While getting your financial plan made, you can actually calculate the exact monthly investment you need to make towards a particular financial goal. Through this plan, you get to know whi...

# According to "HSBC Value of Education Survey" conducted in 2018 - there was a Rs. 4.5 Lakh shortfall between what parents contributed and what students claimed they actually spent on education. # As per the 2017 "Birla Sun Life Insurance Company Protection Survey" - savings for kid's education was the top worry for nearly 35% of the 1540 respondents. For more details on Child's Education Planning, Mutual Funds, Financial Planning & Personal Finance contact us at :  Phone No. 9582250638 Email Id: contact@finviseindia.com Visit our website:  www.finviseindia.com

Six early morning habits (SAVERS) (1) Silence  - Stay silent and meditate daily for 10 - 15 minutes (2) Affirmations  - give positive statements for self which are related to your goals (3)  Visualization  - stay silent, desire for good results, think about what you want to be. Create a picture in your mind about your future. (4) Exercise  - exercise daily (5) Reading  - read more for more ideas (6)  Scribing  - write down your feelings whether good or bad. Daily right about your goals. For more details on Financial Planning & Personal Finance contact us at : Phone No. 9582250638 Email id : contact@finviseindia.com Visit our website : www.finviseindia.com

Finance Minister Nirmala Sitharaman presented her first Union Budget and also the first of the Narendra Modi 2.0 government. Here are 5 key takeaways from Budget 2019: 1) Towards a $5 trillion economy Finance Minister Nirmala Sitharaman opened her speech with a target of making India a 5-trillion-dollar economy. She said that the goal was “imminently achievable" in the next few years. She said India took 50 years to become a $1 trillion economy. The Indian economy was at $1.85 trillion five years back, she added. "We have now reached the $2.7-trillion-mark and would become a $3 trillion economy in the current year," she said. 2) PAN card, Aadhaar interchangeable for filing income tax returns (ITR) Finance Minister Nirmala Sitharaman announced the decision to make PAN and Aadhaar cards interchangeable soon. PAN and Aadhaar have been made interchangeable, allowing those who do not have PAN to file income tax returns (ITR). This means that taxpayers will need either a...

For more details on Mutual Funds, Financial Planning & Personal Finance contact us at :  Phone No. 9582250638 Email Id: contact@finviseindia.com Visit our website:  www.finviseindia.com

For more details on Mutual Funds, Financial Planning & Personal Finance contact us at :  Phone No. 9582250638 Email Id: contact@finviseindia.com Visit our website:  www.finviseindia.com

**Source: MINT Vidya, an old client, called me at 9 pm once. I found it a bit strange because I do not receive calls from clients so late, but I took the call. She told me her husband, Venkat, who is a heart patient, had to undergo bypass surgery immediately. He was denied health insurance by many companies because of his ailment. In the couple's last review two weeks before, they were asked to keep six to eight months' expenses in a Flexi bank fixed deposit (FD) for any emergency. Unfortunately, that didn't happen. Vidya had stopped working, and to meet daily expenses, they had to stop their systematic investment plans (SIPs) too. Their next option was to redeem the investments they had accumulated to fund their son's higher education. However, the money would take five working days to reach her bank account and the payment to the hospital had to be made immediately. So, she had to borrow money from her brother for five days. In another case, Bharati, a single ...