WOMEN'S INVESTING PLAN

 

Start your journey

WOMEN'S INVESTING PLAN

Because,

Why Should Men Have All The Funds?

For any mutual fund related queries, give us a call on 9845211825

Earning but not investing yet? Your financial independence may be still incomplete!

To be truly financially independent, you may work on your individual as well family goals, analyse your income and expenses, learn about different investment avenues, and then embark on your investment journey accordingly. It's not as tough as it may seem! Aim to start as early as you can, so that you may reap greater benefits.

How Are Women's Financial Needs Different from Men?

To ensure financial independence, it's important for women to invest their hard-earned money wisely. This is especially true in times of high inflation & unexpected economic downturns.

World of Personal Finance for Women. When starting a financially independent life, here's a basic financial checklist that one may refer to:

Savings Account. To hold liquid cash that's easily accessible when needed. 

Health Insurance. For unexpected health emergencies (for yourself & your family)

Life Insurance. To secure the future of loved one's dependent on you 

Mutual Funds. To generate wealth for life goals (wedding, home car, retirement, children’s education, efc.)

Public Provident Fund / National Pension Scheme. To build a corpus for your Retirement. 

Deposits. For relatively safer returns on investment.

How to Save On Income Tax through Different Investments?

Apart from helping you achieve your financial goals, investments may also help you save on income tax. Here are a few popular tax-saving instruments that you may choose to invest in:

Tax Saving Investment Options Tax Benefit Under Deduction Limit in One Financial Year

Tax Saving mutual funds (Equity Linked Savings Scheme 8) Section 80C ₹1.5 lakh

Life Insurance Section 80C

Public Provident Fund Section 80C

Up to two children's tuition Section 80C

National Pension Scheme Section 80CCD(1) 10% of salary (Basic + DA); within ₹1.5 lakh ceiling u/s 80 CCE

Health Insurance or Mediclaim Section 80D ₹25k (self, spouse, children) Additional ₹25k/₹0k (for parents below/above 60 years respectively)

Repayment of interest on education loan Section 80E No maximum limit

Repayment of interest on home loan Section 80EE ₹50k

How to Start Investing For a Financially Secure Future?

At any life stage, it's important to be aware of both - your earnings & expenditure. Based on your present income and expenses, you may begin your investment journey.

When it comes to working towards an investment plan, it's helpful to plot SMART financial goals -At any life stage, it's important to be aware of both - your earnings & expenditure. Based on your present income and expenses, you may begin your investment journey.

Based on your financial goals, time period and risk taking capacity, start investing a fixed amount every month towards your goals. A Systematic Investment Plan (SIP) can help you get there.

Use SIP Calculator to find out how much you need fo invest based on the number of years and desired corpus.

Tips for Women before Investing. 

Here are some tips that you may consider to create a successful investment plan.

Don't wait for the right time; start early

Evaluate your goals and tenure before you pick an appropriate option

Analyse the risks involved; every investment instrument carries a risk

To sum it up,

The benefits of investing for women are plenty. You should start investing as soon as you can. With investments, you can enjoy a greater level of financial freedom and achieve your goals with ease. Consider investing in an SIP today.

 SIP is a feature offered for a disciplined investment of a certain amount on a pre-decided date in a specific mutual fund scheme, regularly over a period of time.

 The above mentioned investment thumb rules are generic in nature and for information purpose only. They may be adjusted to fit individual financial status and goals. Before investing in any financial product, investors are advised to exercise caution and consult a financial professional.

 The tax provisions mentioned are updated as per the Union Budget 2023 presented in the Parliament in February 2023. The tax rates for capital gains will be as per the tax laws applicable on the date of redemption/sale and not on the investment date.

 Equity Linked Savings Scheme (ELSS) is an open-ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit. Minimum investment in equity & equity related instruments- 80% of total asses (in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance). As per the present tax laws, eligible investors (Individual /HUF) are entitled to deduction from their gross total income, of the amount invested in equity linked saving scheme (ELSS) up to Rs. 1,50,000/- (along with other prescribed investments) under Section 80C of the Income Tax Act, 1961. Subject fo prevailing tax laws.

To know about the KYC documentary requirements and procedure for change of address, phone number, bank detail, efc. please visit servicerequest/kyc. Please deal with only registered Mutual funds Distributors, details of which can be verified on the AMFI website. This material is part of Investor Education and awareness initiative.

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

When placing your order in Mutual Funds, kindly select "YES" when prompted if you are assisted. You will need to input my Employee Unique Identification Number. EUIN: E484653 and ARN 259045.

WhatsApp, 📞 9845211825, inbox here for hassle-free online investing in Mutual Funds.

Prajval Madhav Uchil 

Mutual Fund Distributor. 

EUIN: E484653 l ARN 259045.

#PrajvalMFD #Mangalore #Udupi #Manipal #Kasaragod #Karnataka #India #Investing #Wealth #Money #Growth #Mutualfunds #Equity #Debtfunds #Bonds #Commodities #MultiAsset #InternationalEquityFunds #PersonalFinance #MutualFundsSahiHai #SochaSamjhaRisk #Deshkarenivesh #InformedInvesting #2024goals

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