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Our Investment Experts Cater To The Minutest Of Queries

This post is quite close to our hearts. Because in many ways, it defines who we are.

Let us talk about two recent examples.

Example 1

The other day, we met a 35-year-old salaried individual who had not started investing yet. He knew it was high time he should start deploying his surplus money to better use, but who has the time with a 12-hour job! While we were discussing his financial goals, he gave us a pile of 5 booklets (call them policies). And he smiled and said – “Can you please go through them and tell me what to do?”

And so we did. We not only analyzed the policies for him, we ended up giving him some useful advice, based on our expertise.

So, trust us when we say we go beyond our job description, to help clear those small doubts in your head, which you never ask or share with others!

Example 2

A month back, we met a 22-year-old female who wanted to start saving. It was a usual savings-discussion we were having when she mentioned, how she had no idea about what her tax liability would be that year.

This was of concern because she had just received her salary slip where tax had been deducted for the very first time. She asked if we could help her. And there we were, helping her calculate her tax.

The point we are trying to make is – we are always there for you.

We can never promise to do just everything for you, but if it is within our realm of possibility and knowledge, then we go all out to help you.

You must be thinking why on Earth do we do it? Well, we believe in getting married to our clients. We are not just a platform where you can begin investing or a set of people who will list out 3 funds to invest in.

We are a bunch of financial experts who treat our clients like family. And we do that in our style!

Did a financial query just pop up in your mind? Do not hesitate to call / Whatsapp us on +91 97693 56440. You can also comment on this post or email us on contact@cagrfunds.com

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How CAGRfunds Makes Investing Simple For You

How CAGRfunds decodes the complexity of financial planning for you?

When we first started this business, we went out to talk to our friends about what they thought about investing and financial planning. May we say, we were surprised with the kind of responses we got?

While some of them knew bits and pieces of what financial planning means, most of them were upfront about why they never thought about it. Or rather, thought about it but kept on delaying any action. It was just too complex. That is when we decided to keep investing simple. Whether it was the concepts, the terminology, the planning or the transactions, we were absolutely sure that everything about financial planning needs to be simple.

So we started spending time with every such person we met. Our conversation never started from “How much do you want to invest?” We almost always just asked, “What do you do with your salary or earnings?” As we got answers to what people did with their earnings, we asked more questions, and then more answers. We think we are very good listeners. So that helps us to understand how best we can simplify your finances for you. And thus started the journey of decoding or let us say de-jargonizing the process of financial planning.

Likewise, we never get into terms like CAGR, ROI, risk profile, net worth etc. At CAGRfunds, we believe that there is always a simple layman-way of explaining things. So we generally pick up situations from your life to explain every relevant term to you. For example, if you are an entrepreneur and are wondering how risky will equity mutual funds be, we will perhaps take instances of how you set up your company to give you a sense of what risk in equity means.

Being able to de-jargonize and break down financial planning into simple concepts has helped us a lot in connecting with people who have limited understanding of finance and numbers or who are unable to take the right decisions about managing their money. And hence, we love to interact with people.

If you are one of them who wants to grow their wealth but is confused about how to go about it, maybe you should befriend us. We don’t charge you for a conversation, so no harm giving it a try!!

Whatsapp / Call us on +91 97693 56440 or email us on contact@cagrfunds.com.

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4 Ways To Kickstart Your Retirement Savings in Your 20s

If you are fresh out of college with a job, you are one of the lucky ones who has finally “made” it. You have a salary that is expected to pay for all your dreams. But somewhere, there is a risk of losing sight of one favor that you ought to do to yourself – your retirement planning. Kickstarting retirement savings in your 20s is probably the best decision you would take in your life. But even though it is such an important step, most of us graduate quite unprepared for this. We, at CashGyan and CAGRfunds, have always advocated Personal Finance as a mandatory subject that should be taught in colleges but it is not. Fear not! We have listed out three ways you can kickstart your retirement savings in your 20s.

Save 10% of your salary

When you are just starting out, you start out pretty much with a clean slate. Except maybe an educational loan. You are at a stage where you have the luxury of planning for your life’s oncoming big expenses like higher education and wedding. This means you can better plan now for how much you want to save for retirement. It is recommended that you save 10% of your salary exclusively for retirement. Set up auto-transfers to ensure that you don’t forget moving the money every month. This could be a monthly SIP that could earn you higher interest rates or just plain transfer to another account.

Save For Emergency

Apart from retirement, ensure that you are saving separately for an emergency. If you are not saving for an emergency, you are bound to dig into your other savings. Oftentimes, we don’t have exclusive savings for an emergency. It is important that you separate it out to avoid dipping into it for expenses. It is recommended that emergency savings should be three to six months of your salary. Goal-based investing is a smart way to get this started and if you go for short-term plans, the money is accessible immediately when needed.

Invest Now

As it goes in life, the 20s is the best time for taking bigger financial risks as well. So, go ahead and get yourself educated in the fundamentals of investing in the right way. There is also a steadier, lesser risk option of investing in Mutual Funds. Instead of your money lying around in bank accounts earning minimal interest rates, make it work for you. Investing in mutual fund is now convenient, seamless and technology friendly with companies like CAGRfunds. More importantly, it guarantees returns, in the long run, making consistent investment an attractive form of retirement savings.

Start an NPS account

According to pfrda.org, an NPS is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings account. Starting with a minimum annual contribution of INR 6000, the funds contributed by you are safely invested as per the PFRDA investment guidelines by the PFRDA registered Pension Fund Managers (PFM’s). Utmost care is taken to ensure that contributions are not affected by the market fluctuations and the amount is protected. These contributions are locked up until the age of 60 years. Even better, NPS under Section 80CCD (1b) provides a further deduction of INR 50,000 for tax saving purposes.

Achieving financial independence is a remarkable milestone that is worth celebrating. But true financial independence is achieved when you do not have to worry about times when you may not have a steady income. Retirement comes at a delicate age where you would have more than one financial obligations and medical expenses don’t make it any easier. Also, life expectancy has been increasing along with the desire to retire early. This means one is expected to live for 20-30 years without a source of income. So, think out of the box and kickstart your retirement savings in your 20s. Your older self would thank you!

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As they hit the final IPL shot, let us take home a few key learnings!

India loves nothing more than its cricket. And cricket is best epitomized in the all exciting and our very own Indian Premier League. However, if we spare a thought, IPL is not just a game. The learnings that we can derive from IPL are applicable in multiple facets of life.

Let us see how you can takeaway 5 things that will help us manage your money better.

1. Balance your portfolio

T20 as a sport demonstrates how a team cannot harness dependency on a single player. A winning team is a combination of the right mix of bowlers, batsmen and all-rounders.

Likewise, a portfolio which is diversified across various asset classes is always preferable over one which focuses on a single asset class. Imagine you invest all your savings in that house you had always dreamt of. While you now own the place you stay in, you don’t know how to fund the medical emergency that has suddenly cropped up in the family. Hence, it is essential that you map your investments to various goals and create a balanced portfolio.

2. Start planning early

IPL teams start wracking their brains right from the day they have to pick their players: which players should be retained, what would be the best combination in the given budget, is the value of a player worth his cost?

Similarly, an early planning for investing is always worthwhile. Not only does it give us better control over our finances but also gives us substantial time to plan for our goals. It is therefore important to understand every step in financial planning before you actually start investing.

3. What’s hyped isn’t always the best

IPL-1 is a great reflection of the famous catchphrase ‘all that glitters is not gold’. With their multi-million dollar wallets, pundits betted on teams like Mumbai Indians and Delhi Daredevils. The season, however, ended with the shoestring-budgeted Rajasthan Royals taking the trophy home. People thought that a bigger budget meant winning the trophy. But if only it was that simple!

Hype can often be misleading. We often tend to fall prey to herd mentality. However, it is of utmost criticality that you decipher facts yourself and look at all the important statistics with the help of an expert.

4. Keep your calm: Don’t quit on a winning strategy

IPL-2015 – a case in point. Mumbai Indians lost the first four matches of the season and were at the bottom of the table. But they knew they had a winning mix. They chose to stick to their guns and treaded with caution and patience. Result – They brought the trophy back home.

So, if you know that you have a winning portfolio or a winning strategy, don’t quit! Don’t be bogged down by short term fluctuations and focus on the long term.

5. Some advice along the way always pays off

We have often seen the cricketing maestros contributing their bit in mentoring and guiding the players off the field.

Financial planning which is a highly knowledge driven domain, is better done when planned along with a financial advisor. While your current knowledge may seem to be sufficient and adequate, you might not be as aware of the latest developments or specific implications of different instruments and investment avenues. It therefore always pays off to consult an advisor before you take that big leap with your hard earned money.