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December 16, 2016

Imagine you are an investor and would like to invest your hard earned money. You are confused with various options around you. You do not know, where to invest, where to channelize your hard earned money.

Big problem isn’t it? However not to worry we, at Moneymindz will offer you one stop solution to your financial worry. Mutual fund is the best bet among various financial products that are available in India.

What are Mutual Funds?

A unique investment tool consisting of the funds collected from various investors and used in investing in stocks, shares, bond, money markets tools and other related assets is known as the Mutual Fund. A good mutual fund is structured in order to have a good investment in India.

Guidelines To Choose Best Mutual Funds In India

Various mutual fund companies are set up in India and the guidelines to select best mutual fund companies in India are:

Good Performance:  You must select the right mutual fund company, by looking at its performance over last 5 years. SENSEX and NIFTY will be the yard stick of measuring performance.

  • If the mutual funds are giving huge returns compared to target set, then it has performed well
  • If the mutual funds are on par with the SENSEX/NIFTY, then it is neutral performance
  • If the performance is below the SENSEX/NIFTY, then it has performed very badly

Read Scheme Document: One must be very alert and read the complete scheme related document, before making investment in Mutual Fund.

AUM(Assets Under Management)

The total market value of the assets, used by the financial establishment, on behalf of investors is known as the AUM. Assets under Management do rise and fall depending upon market scenarios.

Ranking By CRISIL (Credit Rating Information Service Of India Limited)

CRISIL, an agency established in India in 1987, headquartered in Mumbai, is very good in financial advisory/analytical services to various banking and credit companies in India. Ranking by CRISIL is vital and ranking starts from 1 to 5. Ranks 1, 2 and 3 are the best ranks for investment.

Long Term Growth:   One must invest in mutual funds having long term growth. Otherwise returns will be very bad.

Benefits of Mutual Funds:

The major benefits of the mutual funds are given below as follows:

Professional Expertise: A good mutual fund service, in India will be assisted by a professional expert. You need to study all dynamics of the market, and study research patterns in India.

Diversification: You need to have great variety in dealing with the mutual funds in India. One can go ahead and invest in various kinds of mutual funds. Debt market in India is not good and do not have good returns. One could invest in Gold, Real estate and securities in India to have finest diversification.

Risk Reduction: Mutual fund is the ideal one in       removing overhaul risks. Mutual fund has some investment goals, and do play a vital role in mitigating risks.

Convenient Option: A good mutual fund is an easy process and a very convenient option in India. Investors can invest in mutual funds based on their investments.

Low Cost:  A mutual fund is very cheap and do not require huge amount to be invested. One can begin a systematic investment plan with INR 300 and still reap rich benefits.

Awesome Tax Benefits: A good mutual fund will have long term tax benefits in India. After investing in low risk products like cash/liquid funds, you will receive good returns.

More Vital Info On Mutual Funds In India

Interesting information is available relating to the mutual fund like:

  • Mutual funds are ideal for any person with minimum knowledge of financial markets.
  • Net Asset Value (NAV) is the market value of securities held by scheme under mutual fund.
  • Price an investor pays for investment and becomes a major part of profit/loss calculation is known as Purchase Price.
  • Price or NAV (Net Asset Value) in which issuing firm will purchase security/units before the maturity date is known as Redemption Price.
  • A fee charged by mutual fund, if investor likes to withdraw the investment within specific period is known as Exit Load.
  • Scheme related document and statement of additional information is vital to investors and gives insight into companies past performance and policies in particular.
  • The NAV (Net Asset Value) is declared in evening on or before 9 PM IST.
  • One can download application form from the website, or approach the bank.
  • Present Value of Investment (POV) is the current value of a sum of money going to be invested in future with a specific rate of return.
  • You will receive account statements immediately through email/courier, the moment you register with any mutual fund firm.

BENEFITS OF SYSTEMATIC INVESTMENT PLAN (SIP)

The advantages of the Systematic Investment Plan are as follows:

  • Lowers risk factor and hence investor can do a comeback.
  • Can be launched with small amount of money.
  • Helps in achieving long term financial goals.
  • Encourages regular investment among people in India.
Invest wisely with us. Please give us a missed call at
022-62116588 / 08049202111

For More Information

Give Us a Missed Call On 022 – 62116588

(Or)    Download Our Money Mindz -Expert Seller

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Money is the component used in order to purchase various products under the sun. Imagine a life without money, very disgusting. It is rightly said by one scholar that “When You Have Money, You Will Forget Who You Are, When You Do Not Have Money, People Will Forget Who You Are”.  So please do come to Moneymindz, to give value for your money.  Do not be like, Mr. Vineet, who invested his hard earned money, without proper verification.

Various Financial Products Handled By Moneymindz:

Various financial products are handled by Moneymindz. Some of them are given below as follows:

Investment: A unique asset purchased with the opinion that asset will provide income to the customer in the future is known as investments. It revolves around the principle of obtaining additional profit/income.

Some of the interesting investment products offered by Moneymindz are given below as follows:

MUTUAL FUNDS:  Process of pooling the money from various investors, willing to deposit and save money is mutual funds. Two types of Mutual Funds are:

Open Ended Mutual Funds:  Play a major role in allowing the investors to buy/sell products at anytime. Furthermore, it does not have fixed maturity rates.

Debt/Income: A major concept of the investment is used to purchase the government securities, debentures, instruments like bonds, certificates, mortgages and certificates.

Sectoral Funds: Fund used in various segment like the IT, Fisheries, Engineering, Oil and Gas, Steel, is known as the Sectoral funds. It has got higher returns.

Money Market/Liquid: Most of the investors will make full use of extra funds to have a higher/better investment options.

Growth/Equity: Equities are the major category of the mutual funds. Most of the investors, will expect capital growth/development in long process.

Close Ended Mutual Funds: These kinds of mutual fund has got good maturity period. It is also known by New Fund Offer (NFO).

Capital Protection:  Primary objective is to protect your main amount, while trying to deliver good returns.

Fixed Maturity Plans (FMP) : These are mutual funds with definite maturity period and deal with instruments, falling in line with schemes.

LIFE INSURANCE:  

A unique contract in which the person will sign the contract with the insurance company to protect his/her life in exchange of premium is known as the life insurance.

Types of Life Insurance:

Some of the types of life insurance are as follows:

Term Life Insurance: A unique life insurance product given by insurance companies offering financial coverage to the policyholder.

Whole Life Policy: Policyholder            pays the regular premium, till his/her death. Later the benefits are paid to his family members/relatives.

Endowment Plans: Under this scheme, the returns will be given to the policyholder during the survival/death as well.

ULIP (Unit Linked Insurance Plans): Under this plan, the sum assured will be paid, during the death of the policyholder, or when plan reaches the maturity stage.

Money Back Policy: A Unique life insurance product, where in you get payments periodically. If policyholder survives, the full term, he/she will receive amount. If policyholder dies, beneficiary will get the benefits.

REAL ESTATE:

The property consisting of various houses, buildings, flats, row houses, uncultivated flora and fauna is known as the Real Estate.

Examples of Real Estate:

  • Sites
  • House
  • Flat
  • Apartments
  • Rowhouses

Kinds of Real Estate:

Various kinds of the real estate are available in Bangalore. Some of the types of real estate are as follows:

Residential Real Estate: A unique land area used in making the houses, apartments, flats, condominiums, row houses, Dupleix and others. We offer detailed knowledge, spirit of enterprises, understanding local markets, access to lower and higher end residential projects in India.

Industrial Real Estate:  Under this scenario, the properties will be used for industrial purposes. Sounds simple, but it is huge and deals with small medium and the large scale industries in India. Most of them will consist of office and warehouse spaces.

Invest wisely with us. Please give us a missed call at
022-62116588 / 08049202111

For More Information

Give Us a Missed Call On 022 – 62116588

(Or)    Download Our Money Mindz -Expert Seller

(Or )  Visit :  http://www.moneymindz.com/

Read more

About Health Insurance:

A unique kind of insurance, covering various mode of treatment like the surgical, medical expenses, doctor appointments, emergency room visits, normal room visits and other kind of medications are known as the Health Insurance.

Requirement of Health Insurance:

Health Insurance is the need of the hour. Cost of essential treatment has been increasing over the years. One disease can wipe out your savings, so the health insurance is the ultimate key. Most of the people living in India belong to the middle class and hence cannot afford very expensive rates.  

Advantages of Health Insurance:

Health Insurance is the major plan for protecting your interest and promotes the welfare of the family. Some of the positive aspects of the health insurance are as follows:

Peace of Mind:  A good health insurance offers you a complete peace of mind. You need not worry about the cost of medical expenses.

Pre-hospitalization:  A unique facility, in which health insurance covers charges, which a patient incurs 30 days before being admitted to hospital. In certain cases, it can be increased to 60 days as well.

Tax Benefits: A perfect health plan play a major role in getting good tax benefits under Section 80D and 80DD. It is a boon to the middle class in India.

Coverage of Critical Illness: Most of the health insurance offers coverage against critical illness like Heat attack, Cancer, Paralysis, Kidney Stone, Tuberculosis, Bypass surgery, Oran transplant like liver, kidney, lungs, pancreas, heart and others.

Cashless Facility: Core advantage of health insurance, where in one gets admitted to network hospital. You can avail various benefits and the health insurance company, will work closely with hospital and pay bill on your behalf.

Very flexible Payment Options:  There are various flexible payment options available like payment by credit/debit card, cheque payment, Electronic Fund Transfer (EFT), to make the payment.

Portability of Insurance:  A unique facility in which policyholder, can shift health insurance of one company to another company with various benefits.

Emergency Hospitalization: When you are admitted to hospital, for emergency reasons, the 30 day waiting period will not come into picture.

Factors Affecting Health Insurance Premiums:

Some of the factors affecting health insurance premiums are as follows:

Age:  Major factor affecting the health insurance facility is the age. As you get older, premium cost will be higher, as you will be exposed to various diseases.

Intake of Injurious Substances:  Most of the insurance companies in India increase premium of people smoking and chewing tobacco as well.

Gender: Women are prone to more diseases than men and hence premium rates would increase. They would visit doctor, take the prescriptions for various diseases.

Location:  Area you stay also decides, amount of premium to be paid.  People in hilly, coastal regions and regions with unstable climates encouraged insurance companies to charge higher premium rates.

Disadvantages of Health Insurance:

Pre-Existing Diseases:  Some of the pre-existing diseases like Diabetes, Polio, Asthma, Thyroid, Hypertension, Thalassemia, Pulmonary diseases, Anxiety, Arthritis, Autism, Breast Cancer, Cerebral Palsy, cholesterol and host of other diseases are not covered by health insurance in India.

Very Expensive:  Health Insurance in India is very expensive and outside the reach of the common man.

Do not Cover All Expenses:  Most of the health insurance in India does not cover all medical expenses. Pre-natal, Delivery expenses, Nervous disorder, AIDS (Acquired Immune Deficiency Syndrome) Eye-checkups, Suicide related hospitalizations, Mental diseases, Drug addictions, congenial illness, Alcohol related diseases and others.

No Need For Insurance:  In some situations, no requirement for the family to take health insurance. All of them are in good health and hence taking insurance does not pay any dividends.

Complex Products: People in India purchase health insurance products, without any knowledge. Some of health products are not useful to the policyholder, and hence company will earn profit at cost of policyholder in India.

To take up health insurance give a missed call at 022-62116588.

For More Information

Give Us a Missed Call On 022 – 62116588

(Or)    Download Our Money Mindz -Expert Seller

(Or )  Visit :  http://www.moneymindz.com/

Read more