Wealth Creation through Equity Mutual Fund Investment
Dear Friends, Last week I received a call from one of our initial clients saying that she wanted to start investing in Mutual Funds again. She had invested in HDFC Equity Fund through us in March 2007 when she was in Chennai but moved to a different city after that. In 7.5 year’s time, the investment has grown by a whopping 3.5 times. The investment amount was small and hence the value today might...
Excellent Tax Saver and Long Term Wealth Builder – ELSS
Dear Friends, Investors typically run around for Tax Saving options during the months of Jan and Feb to maximize Section 80C benefits, when the payroll processing team chases them to submit the actuals for IT exemption. Though declarations are submitted during the start of the year by May or June, which is essentially the plan on how the investments are proposed, most Investors are oblivious of this proposal and remember it only in Jan,...
Opportunity Cost of Investment Delay
Dear Friends, I was reading a financial magazine yesterday that carried this simple message of “Opportunity Cost of Investment Delay” which I thought I will illustrate with an example of my own. The message is not something that we are unaware, but the impact that it creates with an illustration is immense and thought provoking. Ajay and Vijay are friends of the same age and wanted to start saving for their retirement at the...