5 Reasons Why Mutual Funds Is A Good Investment Option For You

When it comes to investment, mutual funds have become amongst the most popular choices in the country. Some of the key reasons behind this are an easy investing method, investment plans that are systematic, and good returns. Mutual Funds are professionally managed investment schemes and funds, which are run by an asset management company.

5 Reasons Why Mutual Funds Is A Good Investment Option For You

Reliance MF, a segment of the Reliance – Anil Dhirubhai Ambani Group, is among the fastest growing mutual funds in the country. This mutual fund provides a variety of products to meet different investor requirements and has a presence in 159 cities across the country. Know more about Reliance MF by reading along this blog.

Five such benefits of investing in the mutual funds

  • Mutual Funds offer Diversification: When a person invests in a mutual fund, it gets spread across a portfolio of assets and stocks. This, in turn, lowers the risk factor. You can invest your money in various companies across sectors. Along with that, your investment can be diversified across assets such as equity, gold, debt, and many more.
  • Managed by Professionals: Investing mutual funds such as debt or equity can be a daunting task if you do not know the associated details. You need a thorough knowledge, research, and expertise. That is where mutual funds help you. Knowledgeable managers with years of experience guide you through the whole process. Along with that, teams of experts are analysts are always available to help you if the need arises.
  • Offers a Wide Range of Choices: A mutual fund comes with numerous investment options such as stock funds, bond funds, sector funds, target-date mutual funds, money market mutual funds, and balanced funds, etc. You can choose one on the basis of your financial goals and how much risk you want to check. If you want to build long-term wealth or looking for capital protection, whether you want to have a regular income or simply want to save on taxes, a mutual fund will provide you with the same. 
  • Easy Investment Method: The process of investing in mutual funds is quite simple. If you have an Online Investment Service Account.You can invest sitting on your couch in any fund you choose. In addition to that, you can also select a Systematic Investment Plan or SIP. In this plan, the money will be deducted automatically from your bank account.  
  • Helps in Creating Long-term Wealth: You can create long-term wealth with the help of mutual funds. Mutual funds help you to save more taxes than any other option available right now. In addition to that, the associated risk factor also gets lowered if you invest in them for a longer period of time.

These are 5 reasons why mutual funds are a good investment option for you. If handled properly, mutual funds can be a great way to accumulate wealth over time. However, always keep in mind that mutual funds come with market risks. Therefore, do your research, choose an investment plan that will help you to meet your …

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Mike Hainsworth of Fort Myers Reviews Startup Basics: 3 Methods for Money Management

A tricky part of managing a startup is figuring out how to manage and partition money. While many famous examples of successful startups have gained publicity for burning through cash, the far more likely reality is that your company will be carefully managing funds to maximize output. But figuring out how to do this while working through all of the other complex tasks necessary for smooth startup sailing is not easy. A financial expert in Fort Myers, Mike Hainsworth gives three distinct tricks for managing your business’s money in transparent, easy-to-follow ways.

Mike Hainsworth of Fort Myers Reviews Startup Basics: 3 Methods for Money Management

1. Constantly update financial projections

When you first created a business plan for your startup, you may have created a simple set of 1-year and 5-year financial projections. But as time progresses, it becomes easy to merely glance at those projections and move on with your day. This isn’t conducive to a growth mindset, as it simply reinforces goals you set in the past. A more helpful approach is to set aside time every week or month to update those financial projections. This method will help you constantly reevaluate your startup’s priorities, whether that means you increase spending to match investor expectations or seek out new capital to fund future projects. You’ll also be able to revise financial goals and keep your vision on track. The most important outcome of consistently updating your financial projections is the ability to keep a firm grasp on the current financial state of your company. 

2. Keep track of tax break opportunities

There are many tax breaks at the federal and state level that small business or startup owners aren’t aware of. For example, a log of your car’s mileage when dealing with business matters can help you accurately deduct car-related expenses during tax season. There are similar tax breaks for other costs associated with small businesses like technology and large equipment purchases. Be careful with these tax break opportunities, though. Without a careful log of details involved in these expenses, the IRS will penalize you during an audit.

3. Contact professionals after hiring

Money management becomes infinitely more complex the second you hire an employee. Not only do you have to plan a salary and benefits for that employee, but you also need to calculate tax withholding and report both salary and withholding to the government each and every quarter. The paperwork for reporting this and for filing taxes is almost endless and can feel unnecessarily complex and time-wasting for those without experience. That’s why nearly every founder recommends hiring a business tax professional at this stage since he or she will have more than enough experience to properly deal with these issues. It’ll also free up your time as a founder, as the tax professional will only need your assistance at the beginning of the process and during the final steps. It may feel a little strange at first to relinquish some control on finances to someone outside of the company, but in the end, will free up your time …

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Your House Was Burgled When Traveling Abroad? Find Out How Travel Insurance Covers That Too

Your home becomes an easy target for burglars especially when you are away on an overseas trip. But did you know that the travel insurance you purchased for your overseas trip also insures your home against burglary when you are away?

Your House Was Burgled When Traveling Abroad? Find Out How Travel Insurance Covers That Too

Several insurance companies such as Bharti AXA GI are offering burglary cover under travel insurance policies. The policy basically states that if the home has undergone a theft or burglary whilst you were away on an overseas trip, the insurance company will have to compensate you as per the financial protection offered. This will typically cover the damage or loss as a result of the burglary.

However, there is a catch here. The home burglary will have a cap that will be defined in the policy. This means that the insurance company is only liable to pay the up to the maximum limit set under the travel policy burglary cover. For example, your home has been ransacked and you have experienced a loss or damage of several lakhs of rupees, but your insurance only covers you for Rs. 50, 000 as the maximum limit. Your insurance company will only make a payout of Rs. 50,000 in that case, regardless of the actual loss or damage that you may have incurred financially.

What are the Conditions that Requires Fulfilling at the Time of Settling the Claim?

If you have raised a claim against a burglary that occurred when you were away on a trip, then you are required to fulfill certain conditions. These include:

  • As soon as you become aware of the burglary, you must alert the insurance company who had issued the travel insurance policy and submit the required claim forms that have been duly filled out along with any supporting particulars.
  • You should fully co-operate with your insurance provider and any surveyor appointed by the same by assisting in all necessary investigations.
  • You must inform the police who has jurisdiction over the place of loss of the burglary through any formal means of communication. You can file an FIR once you are back from your travel and forward a copy of the same to the insurance company.
  • After you have reported the matter to your insurance company, you should follow the surveyor’s guidelines about the extent of usage of your property so as not to aggravate the loss any further than necessary.

What Documents are to be Submitted at the Time of Raising the Claim?

To expedite the process, you must have the following documents in place that should be submitted at the time or raising the claim:

  • A statement of claim must be submitted that should include complete information about the items lost during the theft or burglary along with its accurate or approximate value. Supporting documents of the items lost and their valuation may comprise of purchase bills. If bills are not available, the policyholder must furnish appropriate evidence to the insurance company that will help them to compute the cost of the items lost
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Benefits Of The Hong Kong Capital Investment Entrant Scheme

The Hong Kong Capital Investment Entrant Scheme was first launched in October 2003. The objective of the program is to allow reasonably well-off people to come to HK and take up residency without needing to join in or establish an operating business. The Scheme rules are reviewed by the Immigration Department on a regular basis.

To qualify for this capital investment visa, 10 Million Hong Kong Dollars is required to be invested in ‘qualifying investments’ (which does not include real estate).

The essential cut and thrust of the Capital Investment Entrant Scheme (“CIES”) means that if you invest HK $10 million cash into Hong Kong’s economy, you will be able to procure a visa to take up residence in the HKSAR.

Benefits Of The Hong Kong Capital Investment Entrant Scheme

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In the first instance you will secure a two-year period of stay which is then, subject to having maintained the 10 million HKD in the qualifying investments, extendable every two years for up to seven years. Once you get to 7 years continuous ordinary residence, you can apply for permanent residence.

Even if you have not in fact resided in Hong Kong in all of that time, but have maintained the visa status nonetheless, you will be able to secure ‘unconditional stay’ and in the process free up the HKD10m investment for deployment elsewhere. Namely, by then it will have served the process of procuring your residency in the HKSAR with no further strings attached.

One of the benefits under the Capital Investment Entrant Scheme program is that you are entitled to bring your immediate family along with you (i.e. your legal spouse and unmarried children under the age of 18 – who secure dependent visas,).

A condition precedent to CIES visa grant is that you must have owned the HK$10 million for at least two clear years prior to making your application. Moreover, it is a key part of the application process that you have further funds available to you, in addition to the 10 million HK dollars, that you can use to fund your lives in the HKSAR independent of the funds invested to get the visa.

Qualifying investments under the CIES program are financial investments only: since 2010, real estate no longer counts. These asset types are regularly reviewed and updated on the Hong Kong Immigration Department website – so you pay your money and take your choice!

The Capital Investment Entrant Scheme program is not without its critics. It has been argued that Hong Kong does not in fact benefit at all under the Scheme; that it has been founded on a fundamental misunderstanding of how the international balance of payments situation works and has raised a few eyebrows; that the net gain to the HKSAR is in fact nothing at all.

In any event, there’s no doubt, from an applicant’s perspective, the program has been extremely advantageous. For many years there simply was no opportunity to make a mere financial investment in the HKSAR and gain residency in the process. Instead, people …

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