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money matters vidya sury

I heaved a sigh of relief when I got the alert that Income Tax filing date has been kindly extended to August 31 as it gave me ample time to tackle it, what with being busy through July and away for a third of August!

Now, while I am quite conscious and meticulous about doing most things, I tend to feel a wee bit lazy about personal finance and investments. I prefer to leave it to my trusted bank relationship manager to do the research and make recommendations. I also manage to convince him to help me file my taxes and he is nice enough to oblige.

After we packed off the rather easy task – easy for him, not so easy for me – I thought we deserved a strong cup of coffee. Of course, he had his own agenda – updating me on my investment portfolio and discussing fresh investments for the current tax year. I playfully told him that I want to earn more to fund my travel – you know my son is away at college and I am looking forward to visiting during the short breaks when he may not be able to visit home and explore the lovely locations nearby. My bank manager equally playfully told me that I ought to invest that money wisely and spend the returns, not the principal.

Too late, I realized I had just set myself up for a lecture in investment and personal finance. Luckily for me, he just gave me an update on the market, which is doing rather well now.

Then he suggested a product from FundsIndia, an online investment house, called the New India Portfolio, designed to take advantage of the currently flourishing market with a bouquet of four of India’s top-performing mutual fund schemes.

The new Indian government has introduced a number of reform initiatives such as Make In India and Digital India, focused on putting our economy on the fast track to growth and creating a New India. This has also attracted a lot of participation from the business sector. Last year saw new highs in the SENSEX and the future for Mutual funds, equities, NPS, NFOs, Insurance and Bonds looks quite bright.

Question is, how can I, the common (wo)man benefit from this and create long term wealth? At the end of the day, I want my hard-earned money to bring me the best return on my investment with minimal risk.

The New India Portfolio is a financial product composed of four top-performing mutual funds that have been shortlisted after intense research and analysis. The goal is to offer a stable portfolio with high returns.

Let’s look at its salient features:

The New India Portfolio has:

  • A diversified fund that brings stability with premium blue chip companies and a general bias for large caps.
  • A mid-cap fund with a consistent 5-year track record to capture the potential in quality mid-sized companies that usually outperform broad markets.
  • A diversified theme fund for investing in multiple themes such as infrastructure, resources, finance, social development, and agriculture that are the building blocks for the economy.
  • A long-term debt fund to ride the interest rate rally when rates fall and to provide meaningful asset allocation, along with an income fund positioned to gain from falling rates.

But hey, is this for me?

That’s always my first question with any investment recommendation. In terms of risk-reward ratios, the New India Portfolio from FundsIndia can be rewarding for long-term wealth creation if one is looking for high returns with moderate risk and ready to hold it for five years. Of course, as with any investment that involves risk, it is important to do your own due-diligence.

Do you manage your investment and personal finances? Are you a member of FundsIndia? Have you invested in the New India Portfolio?

money matters vidya suryFundsIndia is a one stop destination for investment needs, offering multiple investment products including over 3500 mutual funds schemes, equities, corporate deposits, stocks, bonds insurance, 24 Karat gold, and much more. The platform also has a comprehensive tracking and analysis feature, investor education in the form of reports, tips, how-tos and recommendations, helping you build a balanced investment portfolio.

Please note:

Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing. Past performance is not indicative of future returns. Please consider your specific investment requirements before choosing a fund, or designing a portfolio that suits your needs.

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2 Comments

  • Reply
    Darla M Sands
    August 17, 2015 at 10:13 pm

    I’m guilty of letting my partner take care of financial matters. Fortunately, our communication is good. Best wishes!
    Darla M Sands recently posted…The Darker Side of Chalk PastelsMy Profile

    • Reply
      Vidya Sury
      August 18, 2015 at 10:48 am

      It is the reverse in our house, Darla. Works for us – we seem to have reached a nice balance when it comes to division of labor! Hugs!
      Vidya Sury recently posted…Social Potpourri by @SulekkhaMy Profile

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