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Posted by VRIDHI on 26/03/2016

Few thoughts specially written for Technology/Software Industry Professionals and Doctors who Save Lives of others*

Techies: Click Here      Doctors: Click Here

*Don’t read the above articles in case you Don’t Love your Money.

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Email Groups

Posted by VRIDHI on 24/03/2016

In order to make ‘Targeted Communication Easy’ we at VRIDHI have launched Email Groups which you can immediately subscribe to and stay connected. All important communications will be sent through these groups and hence don’t miss joining. All are Junk Free Groups.

1. VRIDHI Clients only: https://groups.google.com/forum/#!forum/VRIDHI

2. VRIDHI Clients and Non Clients: https://groups.yahoo.com/neo/groups/InvestorTalks/info

3. SWC Investors only: https://groups.google.com/forum/#!forum/vridhiswc Click Here for more info.

4. MarketFastFood paid group: https://groups.google.com/forum/#!forum/MarketFastFood Click Here for more info

If you are an existing family member of VRIDHI immediately join the groups applicable to you.

Also subscribe for email alerts by entering your mail id on left side of this website.

Those not having any formal relationship with VRIDHI can join group No.2 only.

For further details: https://vridhi.co.in/contact-us/

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Equity Account Logins

Posted by VRIDHI on 16/02/2016

The backend software of the Equity Account has been upgraded.

On Left of the screen you have Equity Account Old and Equity Account New

Login of Old remains same, for New login, the UN & PW is your client ID: 83XXX***** in Caps.

In case of queries:

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VRIDHI Connect

Posted by VRIDHI on 23/05/2015

VRIDHI services Indians residing across the world!

You need not worry about Geographical Location to avail our services!

For E-Mail Alerts Subscription: See on Left of your Screen


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Posted by VRIDHI on 14/04/2015

Want to Invest Systematically and Create Wealth?

Choose SWC Plan, Invest in Stocks or MFs

Click Here for the details

Participate in the India Growth Story with as low as Rs.500/- a month!

Posted in Notices/Announcements | 2 Comments »

Plan Today

Posted by VRIDHI on 18/06/2014

Want to fulfil all your Dreams? Love your Family?

Want your Family to be Happy With u & After u?

is what you require! Click Here

*Kindly ignore, in case you don’t Love your Family!

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Invest Confidently

Posted by VRIDHI on 05/06/2014

Small Investor? Don’t Worry!


With MFF service, even a Small Investor can get the Right Advice and invest in Stock Market. Click on the MFF Logo for all info

Large Investors can avail PortfolioVRIDHI and InvestorsARCADE service. Look at Section-3 on right side of your screen.

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Summer Vacation

Posted by VRIDHI on 10/05/2016

Read this small Article before you plan for your Vacation

Don’t forget to subscribe for junk free and useful email alerts, look on left of your screen.

Summers may entail tolerating the scorching heat but it is also the period when most families look forward to their ‘summer vacation’ where they travel to different places and spend memorable time with their loved ones. We often don’t think twice while spending for such vacations since it’s a much-needed break. However, if developed sensibly, you can easily plan a fun holiday within your budget and moreover end up saving too.
Given below are some financial planning tips for a vacation:

1. Plan in advance:

Last minute planning can prove to be a costly affair since travel fares and hotel tariffs largely increase during summers. You can save a lot of money if you plan beforehand. Once you have picked the location, go through the different travel options in addition to accommodation choices. Heavy discounts are often given to people who book in advance. If you wish to take a holiday abroad, keep the exchange rate in mind. Such detailed planning will ensure a smooth, fun trip without any last minute hassles.

2. Work out the various costs:

Once your destination is decided and the tickets are booked, the next important step is to understand the expenditure which will be incurred during the course of the journey such as sight-seeing expenses, meals, transport charges, souvenirs to be taken, shopping etc. Make sure you have adequate funds to take care of these outflows.

3. Begin saving beforehand for your journey:

After you have calculated the cost of the total trip, determine how much you need to save in order to pay the amount comfortably. For example, if the cost of your vacation is Rs. 50,000 and if you have 5 months before you leave, make sure you save Rs.10,000 every month. This could mean not going out for fancy dinners often or keeping some luxury purchases on hold but it’ll be worth the effort.

4. Keep unforeseen expenses in mind:

When you create a budget for your vacation, place some cash aside to take care of emergencies that might occur during the journey. It could include losing your baggage and shopping for spare clothes, doctor expenses in case of any family member being injured, spending an extra night at the hotel due to train/flight delays etc.

5. Be aware of credit card/debit card charges:

At times, card firms might impose additional charges on credit/debit cards especially when they are used in a foreign country. Call up your card company and check the fees you might have to pay while performing any transactions. It’s recommended to carry some cash instead of being completely dependent on cards.
Summer vacation trips are the best time to relax, bond with your family and create precious memories. Don’t let shortage of funds ruin your outing. Make a proper financial plan so that you enjoy every moment instead of worrying about the expenditure.

Source: Axis MF

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Gold ETF

Posted by VRIDHI on 04/05/2016

#AkshayaTritiya falls on 9/May/2016. Below are the few ETFs you can Buy instead of buying physical gold.

Gold Monetisation Scheme, Gold Bonds, Akshaya Tritiya, Gold Mutual Funds, Gold ETF

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For good advice, find the Right Adviser

Posted by VRIDHI on 04/05/2016

While word of mouth remains the best way to look for an adviser, there are other sources of information too

Kayezad E. Adajania, 3/5/16, Mint, source: http://www.livemint.com/Money/DskWfavBdrGZGXPej75UWN/For-good-advice-find-the-right-adviser.html

Your path to wealth creation is not just about choosing a good financial instrument. If you can decipher the right instrument and have time to manage your money consistently, then you can invest directly, like buying a direct plan in a mutual fund (MF) scheme. But if you need help in sifting and sorting, or don’t have the time to track your portfolio, then you need a skilled adviser to guide you. A good financial adviser can be a valuable resource to have. So who is she and how to find her?

We can classify advisers into two kinds, based on the services they offer. A plain-vanilla adviser is just a little better than an execution-only distributor. She offers basic advice on scheme selection, does your paperwork and helps you invest in MFs, and also in other instruments such as tax-free bonds, debentures and in post office savings instruments. She earns her commissions from the product manufacturers, such as fund houses. There are various qualifications, the least of which could be a certificate by the National Institute of Securities Markets. They do not charge any fee.

The second type of adviser offers more sophisticated advice and is registered with the capital markets regulator, Securities and Exchange Board of India (Sebi). They are called registered investment advisers (RIA). Before 2013, this was a dispersed lot. Different financial planners had different levels of service; some charged fees, some did not; records were maintained in different ways; and so on. In 2013, Sebi asked such advisers—especially those who called themselves financial planners and offered advice across products—to register with it. The regulator also prescribed some minimum standards that they have to adhere to. Such advisers charge fees from clients.

Ask friends and family

The best way to look for a financial adviser is to ask around for references. Ask your friends, neighbours, colleagues and family members for a good distributor’s or a financial adviser’s name. “Nobody chooses a doctor or a chartered accountant without a reference. (Similarly) reference is also the key to choosing an adviser,” said Vinod Jain, principal adviser, Jain Investment Planner Pvt. Ltd.

A financial adviser who sells only MFs, typically, earns trail commission on the schemes she recommends. But if she recommends or advises multiple products, she needs to be an RIA. She could charge a fee, though there are a number of planners who aren’t yet registered. make sure you know what sort of an adviser you are looking for.

But will references guarantee you a good planner?

Sadique Neelgund, founder, Network FP, a firm that trains aspiring financial planners, said, “Most investors are currently dealing with the wrong kind of financial planners, agents or relationship managers, who are pushing products under the disguise of good advice.”

Apart from the fact that new financial advisers may be inexperienced, even many experienced advisers “appear to have not grown in their thought process,” said Anup Bhaiya, managing director and chief executive officer, Money Honey Financial Services Pvt. Ltd. So what should one do?

Bhaiya suggests that one do a little bit of digging around first. “Apart from asking a distributor about the number of years she has spent in the industry, also see her talking points. May be, a couple of transactions later, you will be able to see things more clearly. Ask intelligent questions. Try and decipher what she says. Do her thoughts and conversations have client interest in mind? Or is the conversation only around selling a product? That is an important aspect to look at,” he said.

Rohit Shah, a Sebi-registered RIA, and founder and chief executive officer, Getting You Rich, a financial planning firm, added: “Ask open-ended questions; those where the answers are more about perspective that about a ‘yes’ or a ‘no’. Things like how many clients has she been able to retain in subsequent years, what will the fees be second year onwards, and so on.”

Browse the Internet

Another way to zero in on your financial adviser is to search on the Internet (see graphics). This method is still evolving, though. Sebi’s website may be difficult to navigate as you have to browse names by first letters.MoneyUncle.com was launched on 30 April 2016 and offers only Mumbai-based planners. However, in future, it may expand to other cities. Akshay Dedhia, co-founder of the website said the firm “meets and analyses distributors who we enlist based on their qualifications and processes.”

Another website, http://www.advisorkhoj.com, asks you to choose the type of adviser you want and your area pin code, and then give you a list of names and contact details closest to you. Dedhia said that once you enter your requirements, the website will match you with advisers it feels are best suited to you.

Do double check with other databases like the ones from FPSB and Network FP platforms to ensure that you are getting the entire set of advisers. Both these portals offer more choice. Network FP, for instance, is a comprehensive search engine that helps you look out for an adviser based on area of expertise (such as financial planning, or creation of Wills and trusts), or products (MFs, direct equities, insurance, and others), or type of licensed adviser you want (registered with Association of Mutual Funds of India, or Sebi or a qualified insurance agent).

According to Neelgund, an adviser’s qualifications are also checked before enlisting. A declaration of ethical practices also has to be signed.

But is an Internet search the best way to find a person whom you will trust with your money?

“Referral is always the best way to find a good adviser but that does not mean one should not be open to approaching 2-3 more advisers from various credible sources,” said Neelgund.

Kavitha Menon, a Mumbai-based financial planner, says she gets all her clients through referrals, but a “credible Internet search portal” is also a good resource. “It could be a mix of both. Ask your friends and refer to a list. Meet with 2-3 planners and see who matches your requirements,” she said.

Fee or free?

A plain-vanilla distributor does not charge fees. However, her role is of a basic distributor who gives minimal advice and simply executes your various transactions. Most of the financial planners and Sebi-registered RIAs charge fees. While the fee charged varies, typically, it is between Rs.5,000 and Rs.25,000 in the first year. Sometimes, this does not include the first meeting that you have with your planner where both get to know one another. Once the adviser signs you up, the fee clock starts ticking. Some advisers also charge a nominal consultation fee for the first meeting. From the second year onwards, advisers usually charge fees as a percentage of your overall corpus.

Distributors mostly offer investment products and won’t really get into overall financial planning. That is where RIAs and CFPs come in. And hence the fees. Some evolved distributors, though, might also help you with a basic financial plan.

You need to keep your requirements in mind when you choose your planner. If you want a full financial plan, stay with an adviser. “You should pay your financial planner. If you want good advice and service, do not expect free service. If it is coming free, it may not be good for you,” said Menon. “The cost of good advice is always lesser than the cost of mistakes that one makes in the absence of good advice,” said Neelgund.

To make the cost structure better for you, the investor, Sebi now allows RIAs to offer you direct plans of MF schemes. Direct plans come with a lower expense ratio as the distributor’s commission will not be embedded in the scheme’s net asset value. This works to your advantage as now you will not pay twice—to your adviser as well as to the MF. Any financial product or service should be bought only after due diligence. The same holds true for financial advisers. Ask around. If that doesn’t work, search the Internet. But whatever be your medium, the basic dos and don’ts remain the same. Ask questions till you are satisfied with the answers, and only then take a final decision. After all, in some ways, it is a close relationship.

Also Visit: https://vridhi.co.in/2015/05/23/vridhi-connect/


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Posted by VRIDHI on 01/05/2016

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5 things that you should know about SIPs

Posted by VRIDHI on 18/04/2016

There are now almost 9.5 million SIPs in the mutual fund industry with an average ticket size of around Rs.3,000 per month

Manoj Nagpal, Mint, 18/4/16, source: http://www.livemint.com/Money/xyKh3GIUkaTPVncHajFnwM/5-things-that-you-should-know-about-SIPs.html

Systematic investment plans (SIPs), or dollar-cost averaging, as they are known globally, are becoming a preferred investment tool in India too. There are now almost 9.5 million SIPs in the mutual fund industry with an average ticket size of around Rs.3,000 per month. During my interactions as visiting faculty in professional colleges, an overwhelming number of graduating students now tell me that their first investment when they join the workforce would be starting an SIP for long-term investing.

The SIP culture is gaining ground elsewhere, too, but without adequate awareness. Gajendra Kothari, chief executive officer, Etica Wealth Management Pvt. Ltd, recently wrote about this in a Mint column (http://bit.ly/MINTgk1). When he visited his home town in Assam, some investors he met wanted to start SIPs for their children. It was a bit of a concern, because when he probed them about investing in mutual funds, they said they don’t want to invest in mutual funds but in SIPs.

Even some independent financial advisers position SIPs incorrectly. Their simple pitch is—invest in an SIP for 10 years or more and get over 15% annual returns. Even this is a concern. Don’t get me wrong, I do believe SIPs are a powerful tool, but keep expectations clear and understand how they work. Here are five things that you should know about SIPs, before you start that journey.

SIPs instil investing discipline

SIPs bring discipline in your investing. Period. These are not a separate product or an investment strategy. SIPs bring the rigour of regularly deploying investible surpluses as soon as they are available. These should be used for regular surplus income—from salary, business or other investments. You can start an SIP in an equity, balanced or debt fund. Choose the underlying asset based on your overall asset allocation and risk profile. Yes, the longer your SIP tenor (or even your lump sum’s), the better compounding works. So, effectively asset allocation and compounding give returns, SIPs bring in the discipline, cutting away emotional biases.

SIP and one-time investment returns may vary

SIP returns of an investment can be significantly different from that of the underlying point-to-point asset class. Most people believe that SIP returns will be higher than the point-to-point return as the average cost of investment is staggered. This is a myth. SIP returns depend on the return curve of the underlying asset movement and the volatility of the asset class. Returns from a debt fund SIP will mimic the underlying asset class but that for equity funds can be significantly different. For example, in Indonesia, one of the best performing emerging markets with 10-year annualised returns of 15.16% in rupee terms, SIP returns were 10.94% in the same period. In India, mid-cap funds gave a point-to-point return of 12.05% but SIP returns were 16.5%, clearly showing that SIP returns can be distinctly different vis-à-vis lump sum investments.

SIPs too need to be managed

One key concept people believe is that SIP investments don’t need to be managed or reviewed since you have taken a long-term view. Though you have committed to a SIP for a long term, one has to review the portfolio. You should see if the original tenet of investments still holds true for your original hypothesis of investment, at regular periods—preferably on an annual basis. In light of any new information that may emerge over the long tenor of an SIP—change of investment style, investment process, and so on—it is advisable to review these as you would do with any other investment.

SIP tenor should be lesser than your goal horizon

Initially, when one starts an SIP in equities, regular instalments reduce the risk-return profile. But when you cross 50% of the SIP’s tenure, the incremental instalments do not reduce this risk significantly, and towards the end of the tenor, risk-return of the accumulated corpus is in line with market returns. Thus, if the market falls significantly in the last year of your SIP tenor, your overall SIP return will be affected. So, it is advisable that the investment horizon for SIP be lesser than your goal horizon. Alternatively, closer to your goal, reduce the accumulated corpus’ exposure of equities.

Don’t stop your SIP when the markets correct

In your investment journey, it is a given that markets will correct many times. Globally, behavioural finance studies have shown that it is at this time that investors stop further instalments. In standard finance, investors shouldn’t have pride or regret. But as behavioural studies show, most investors have a strong aversion to regret and emotional biases creep in when markets correct. Investors assign higher probability to future-based or recent events and start believing that the current trend, either up or down, will continue. Do not, and I repeat, do not stop your SIPs when the markets correct and you will be on your way to achieving your financial goal.

Manoj Nagpal is chief executive officer, Outlook Asia Capital.


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