How to Design the Best Retirement Plan?

If Aladdin’s lamp was real and the genie could really fulfil whatever we wished for, what would you wish? I can bet, that almost 80% of the audience would want to live forever and to never age. We would wish to be young forever, happy, independent and carefree. Now let the reality sink in. We…

Investing in Times of Volatility-The Story of 4 Investors

The markets have crashed over 1500 points in September 2018 alone after an increase of over 1000 points in July-August 2018. This has been the most volatile period for the market in a very long time. Along with direct equities, mutual funds have also seen the pressure of market correction. Investors have felt the jitters…

Aadhaar Virtual ID: Everything you need to know!

We know how you feel when the cashier asks you for your Aadhaar card number (because he has to transfer the payback points to your account) and how a drop of sweat runs down your forehead. But what if we tell you there’s something new called the ‘Aadhaar Virtual ID’, that can solve your troubles?…

How to Start SIP Investment for Beginners in India?

SIP or Systematic Investment Plan is a term that is searched quite frequently on Google. A lot of investors, including people who have already invested in monthly SIPs, have a lot of queries about what SIPs are and how they work. So, we’ve built this quick and easy to read guide to SIPs that contains…

6 Tips to Teach Your Kids About Money

Do you ever wish you could go back in time and give your 8-year-old self a few pointers on how to better handle money? Teaching your kids about financial literacy at an early age sets them up to be confident and capable when it comes to money. There are many opportunities in everyday life to learn…

Choose Step-up SIP to generate more wealth than conventional SIPs

There is no doubt that Systematic Investment Plan (SIP) is one of the best way to invest our money systematically. It inculcates two very important principles of investing—discipline and long-term approach. SIP has become the most popular tool for investing in Mutual Funds in the last decade, because it helps us to invest small amounts…

What is SIP and How long should one invest in SIP ?

Systematic Investment Plan (SIP) is nothing but small amount of money invested on a pre-set date every month into specific mutual fund/funds. One of the best ways of entering equity market is through Systematic Investment Plans (SIPs) in equity mutual funds, as it brings in an investment discipline for the investor. SIPs help to achieve…

Joys of Compounding-8th Wonder of the World

“Compound interest is the 8th wonder of the world. He who understands it earns it and he who doesn’t pays it.” – Albert Einstein Power of Compounding Albert Einstein rightly said that compound interest is the 8th wonder of the world. Compounding is a very powerful concept. This is because the interest of your invested money is…

Why is my Mutual Fund doing worse than Nifty?

Over the past 20 years or so, we have seen that the top equity mutual funds have consistently done better than the market benchmarks. Better managed diversified equity funds have delivered an annualised return that is about 3-4% better than the Nifty. This gets reflected in the return delivered by Growth Carts Financial Services portfolio…