Glimpse Of The Workshop
A Guest Session with CAIT YE Talk on Making her Financially Atmanirbhar. The key points covered were Insurance planning, Tax planning, Retirement planning, the importance of investing, Goal planning, and SIP. A very diverse group of the audience was present in this workshop, consisting of homemakers, professionals, salaried employees, entrepreneurs, and individuals who hold important decision-making roles in various aspects of their lives. It was an interactive and enriching session followed by an interesting Q&A round.
Because learning starts with questions
What is Step-up SIP?
Step-up SIP is an automated feature that increases the SIP amount of the existing SIPs of the investor periodically. It helps in beating inflation. For Example - I am having a SIP of Rs.5000. A 10% Step-up would mean Rs.500 increase in the present SIP. So SIP would be Rs.5000 + Rs.500 = Rs.5500 for the next year. This you can continue year on year.
Apart from physical gold which are the other ways to invest in gold?
Gold ETFs, Sovereign Gold Bond Scheme by RBI, Gold Funds, etc are the other ways to invest in gold. Gold ETFs can be purchased online via a demat account. This is a safe way to invest in gold in comparison to physical gold.
How to allocate funds in different investment avenues?
Fund allocation completely depends on the goals. First, you decide what is your goal for investing. Be it investing for a child’s education, retirement planning, buying a home, buying a car etc. Then decide the amount required to achieve your financial goals. And accordingly, plan your investments as per your risk appetite.