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Expect 2018 to be a volatile year: Kotak Mutual Fund In an interview with CNBC-TV18, Anshul Saigal of Kotak Mutual Fund spoke about his reading of the market and his outlook.
Fri, 23 Feb 2018 16:43:46 +0530


How to accomplish your financial goals through twin strategy of SIP and SWP It’s advisable to adopt the twin strategy of Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP) to meet financial goals.
Fri, 16 Feb 2018 10:12:01 +0530


Direct plans of mutual funds: Why do they suit everyone Product awareness campaigns by market participants and sustained backing from the regulator would motivate more retail investors to embrace direct plans.
Fri, 09 Feb 2018 10:35:25 +0530


S Naren Investors had forgotten the word ‘risk’ and now they will be more careful, said investors had forgotten the word ‘risk’ and now they will be more careful.
Wed, 07 Feb 2018 11:31:14 +0530


Dr.Renu Pothen GOI has decided to introduce a 10% tax on long term capital gains on equities and equity oriented mutual funds exceeding INR 1 lakh.
Fri, 02 Feb 2018 15:21:35 +0530


Lalit Nambiar Watch the interview of Lalit Nambiar of UTI MF with Prashant Nair and Ekta Batra of CNBC-TV18, where he shared his readings and outlook on the fundamentals of the market, and specific stocks and sectors.
Tue, 23 Jan 2018 12:04:32 +0530


Harsha Upadhyaya The expert believes that it would be prudent to tilt the portfolio towards largecaps, where valuations are slightly better.
Mon, 22 Jan 2018 11:01:26 +0530


Sunil Subramaniam In an interview with CNBC-TV18, Sunil Subramaniam, CEO of Sundaram Mutual Fund discussed the mutual fund (MF) industry wish-list and their expectations from Budget 2018.
Thu, 18 Jan 2018 14:56:59 +0530


HDFC Life launches guaranteed rate for deferred annuity pension plan At 45, if a customer purchases a plan of Rs 50 lakh with a deferment period of 10 years, he can get an annuity rate of 12 percent with an annuity amount of Rs 6 lakh each year
Tue, 13 Feb 2018 19:58:22 +0530


Budget 2018: Tweaks likely in govt insurance schemes The Union Budget to be presented on February 1 is likely to make tweaks to the insurance schemes under the Jan Suraksha Yojana, namely the personal accident and term insurance. This could include some changes in the product structure and revisions in the pricing.
Fri, 26 Jan 2018 15:01:56 +0530

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About Us

VM Wealth Creation Provided Services to Clients Since Last 22 years.We Are a fee based financial planning firm providing holistic solutions in personal finance. We help people understand their current financial situation, create and prioritize financial goals, and develop a sensible plan to reach or exceed those goals.

In life at every point of time you need money to fulfill your and your family’s requirement, but what about when you would not be there to look after your family.

Mr. Akhil was living with his loving wife and two children. He was in service and getting a salary of Rs 40000/- and other hidden income (which one receive through the employment but that isn’t part of gross wages). He was fulfilling his family’s requirements to the fullest and enjoying every moment of their lives. 

 

Unfortunately he expired at age of 35. The surviving member did not have any source of income after his death, but fortunately he had a Life Insurance Cover. So his wife got the money (Sum Assured) from the insurance which she wisely invested. The loss of her husband cannot be compensated but with the money she got from the insurance company she was able to run her house smoothly.

Mr. Bhaskar whose income and family circumstances were the same as Mr. Akhil’s. Mr. Bhaskar expired at age of 35, but unfortunately he did not have a Life Insurance Policy. So their situation was completely opposite. His wife and children had to face a lot of problems with no such income. They had compromise with the many important things in life like studies, children’s marriage, their health, standard of living etc.

The fact is, its always a loss which you suffer when you lose someone you love. But your emotional struggles dont need to be compounded by financial difficulties. Life insurance helps make sure that the people you care about will be provided for financially, even if youre not there to care for them yourself.

In short Life Insurance is the way to keep your family independent with you and after you.

 Mutual fund is a trust that pools money from a group of investors (sharing common financial goals) and invest the money thus collected into asset classes that match the stated investment objectives of the scheme. Since the stated investment objectives of a mutual fund scheme generally forms the basis for an investors decision to contribute money to the pool, a mutual fund can not deviate from its stated objectives at any point of time. Every Mutual Fund is managed by a fund manager, who using his investment management skills and necessary research works ensures much better return than what an investor can manage on his own. The capital appreciation and other incomes earned from these investments are passed on to the investors (also known as unit holders) in proportion of the number of units they own.

When an investor subscribes for the units of a mutual fund, he becomes part owner of the assets of the fund in the same proportion as his contribution amount put up with the corpus (the total amount of the fund). Mutual Fund investor is also known as a mutual fund shareholder or a unit holder. Any change in the value of the investments made into capital market instruments (such as shares, debentures etc) is reflected in the Net Asset Value (NAV) of the scheme. NAV is defined as the market value of the Mutual Fund schemes assets net of its liabilities. NAV of a scheme is calculated by dividing the market value of schemes assets by the total number of units issued to the investors