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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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Starting a new job? 7 things you should know about your finances

We have all been through the stage when we feel too damn excited about our new job, haven’t we? Our joy knows no bounds especially when we receive our first pay-cheque. After having spent the required amount of money on our different necessities, one obvious thought looms large: What next? And this is where financial planning steps in – and like someone said “One does not become rich by what he earns but by what he saves”.

Don’t worry, we have you covered on how to plan your finances at this new juncture of your life.

Understand the Different Components of Your Salary
Ever encountered a case where your take home salary is much less than what you were expecting? There are different parts that constitute the salary such as the Basic Pay, House Rent Allowance, Dearness Allowance, Provident Fund, Gratuity, etc. An optimum plan can be developed once you have thoroughly understood each of the components.

The 50/30/20 Rule
Having received your pay, what should be the next course of action? It is recommended to spend 50% of your income on fixed costs, 30% on your lifestyle expenditure and the rest 20% should typically go into your savings. While it is not a strict rule to be followed, at least 15-20% of the income should be saved so that it can be put to a better use.

Reduce Taxable Income, Save More
We have all been victim to the necessary evil that comes in the form of taxes. A lesser known fact is that we can substantially reduce our taxable income through some expenses that are allowable as deduction under the income tax act. Examples include part of house rent, medical insurance premium, donations to charitable institutions and so on. After all, who doesn’t like to save more?

Invest Savings, Don’t stash them in a Bank
A common mistake is that we stash our savings in our bank accounts without realizing that with time, inflation will erode out savings gradually. At this juncture of our professional life, we have time on our side and that allows us greater aggression. But the aggression should be utilized with wisdom. Idle money in your bank accounts is money lost. So get up, talk to an advisor and start building a portfolio.

Learn And Invest, Not the other way round
We should not invest without having any prior knowledge about the financial markets. It is always nice to get some sound knowledge from a professional expert. Better to be safe than sorry.

Get Insured
An understated objective for working professionals is the importance of insurance. While a life / term insurance seems to be of little value at a young age, it becomes imperative if we have dependents. Also, by starting an insurance early, we save on the additional costs of a delayed start. For health insurance, while our organizations may be covering this aspect, it is always better to get a separate health insurance cover too.

Understand the Government initiatives to Reduce Taxable Income
The government offers several schemes which enable you to reduce the taxable income. For example: The amount of health insurance premium you pay in a year is deductible from taxable income up to Rs. 25000. You should be aware of these benefits as they contribute significantly to saving taxes.

How do we help?

At CAGRfunds, we seek to become your financial partners throughout the course of your investment journey. As you embark on a new journey of self sufficiency, we help you take better decisions related to your wealth. Want to manage your expense better or have a query related to your education loan – we have it all covered!

Shoot all your queries as comments to this post. Or just whatsapp us on +91 97693 56440.