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Personal Finance with Aradhya

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Here you'll find content about Personal Finance, Investment, Financial Management and much more.

14/06/2023

POWER OF SIP!

You can see from the graphic, even if Shahrukh's per month investment is low as compared to other two, but as his horizon is longer, the accumulated corpus is the biggest!

The vision for SIPs should be of long term.

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25/11/2022

MUTUAL FUNDS

A mutual fund is a pool of money managed by a Professional Fund Manager.

It is a trust that collects money from a number of investors who share a common investment objective and invests the same in equities, bonds, money market instruments and/or other securities. And the income / gains generated from this collective investment is distributed proportionately amongst the investors after deducting applicable expenses and levies, by calculating a scheme’s “Net Asset Value” or NAV.

Simply put, the money pooled in by a large number of investors is what makes up a Mutual Fund.

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully before investing.

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24/11/2022

Where to keep your Emergency Fund?

-Your emergency fund should be about 3 to 6 months of your living expenses and should always be liquid so that you can use it whenever you want.

-Another point to remember is that you don't want high returns from your emergency fund.

-It should be safe, accessible and in liquid form.

I've narrowed down your options and they are: Cash, Savings A/c and Liquid Funds.

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23/11/2022

EMERGENCY FUND

It is the money stashed away that you can use in times of financial distress. The purpose of an emergency fund is to improve financial security by creating a safety net that can be used to meet unanticipated expenses, such as job loss, injury/illness, major home repairs or any such unexpected bills.

-Fund must be enough to meet your expenses for up to 3 to 6 months.

- Assets in an emergency fund tend to be cash or other highly liquid assets.

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22/11/2022

INFLATION IS A SILENT KILLER!

-Inflation rate in India for the month October 2022 reported at 6.77%.

-Average interest rate on FDs of top banks in India gives 6.10%.

-Savings accounts in India gives average interest rate of 3%.

Make sure you keep your money at place where you receive sufficient returns to beat inflation and on top of it makes you some money. Otherwise it's worthless..

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21/11/2022

Follow these 5 tips for Financial Independence!

1. Always pay off your debts with proper planning.

2. Limit your spending, track it and try to make it less and invest the saved money.

3. Always make financial goals first and then plan to achieve them.

4. Every individual should have an emergency fund, if you don't have it, build it.

5. At last, be patient and stay consistent.

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20/11/2022

Want to retire at 60 with Rs. 1,00,00,000!

Select your age and invest the suggested amount.

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19/11/2022

Fixed Deposits in Your name or in Grandpaa's?

Interest Rates for Fixed Deposits in India are in two category: General Citizens and Senior Citizens.

You can check the difference of both the rates in some of the biggest banks of India.

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17/11/2022

How long to DOUBLE your MONEY, RULE OF 72 will help!

The Rule of 72 is a simplified formula that calculates how long it'll take for an investment to double in value, based on its rate of return.

You can check the instrument and the time it'll take to double your money. The interest rates are actual as of current rates and may slightly differ.

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