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Many never give retirement a serious thought. Probably, it is the least of priority especially for someone who is in the mid-30s or early forties. People often think that they have a long way to go and retirement planning should be undertaken only when is approaching retirement. This is a wrong assumption. This does not mean that you should start worrying about retirement now, but you must consider various options and start investing as and when the opportunity presents itself.  Metlife India Insurance carried a survey that revealed eye-opening statistics. Nearly 75% of working people rarely gave any thought to retirement planning. This is shocking considering that this figure stands at 55%, 45%, and 30% for Australia, the US, and the UK respectively. Indians, on the other hand, have a lackadaisical approach towards retirement planning. Nearly 70% of Indians are concerned about outliving retirement money. Astonishingly only 22% of Indians actually plan for retirement.  When it...

Watch Abhinav Angirish founder of  InvestOnline.in , talk about Mutual Fund, and answering live investors on the Zee Business show "Mutual Fund Helpline" on 19th November 2020.

It is important to undertake a periodical review of one's investment. The objective of this exercise is to check if the investments are in perfect sync with the short, medium, and long term goals of the investor. If the investor finds any deviations then he can rectify his mistakes. This ensures that he gets optimum returns from his investments, for example, if the interest rates are falling then it makes sense to invest in equity instead of debt.  Mutual funds have become preferred investment vehicles for small investors. However, like stocks even in mutual funds quality is important than quantity. The haphazard investment decisions can hamper returns, besides if you invest in many funds it might become difficult to monitor the performance of each one. Remember it is not just enough to invest, it is also important to constantly monitor the investments and conduct a periodic review of the portfolio.  The first step in undertaking the rebalancing exercise is to make a list of a...

While the majority of people actively track their finances regularly, it is also important to make the kids aware of financial planning while they are young. By the time children are seven, their money habits are set. A good money habit can help a child to avoid costly financial mistakes in later life. Here are some handy tips to make a child develop good money habits : Open a savings account for them According to Abhinav Angirish, Founder and Managing Director InvestOnline , it is a good idea to open a savings account for kids at an early age. “This teaches them to read and analyze the bank statements which in turn helps them to learn about the concept of savings and interest. One could set the rule of spending some, saving some. Children always find delight in tracking their balance,” he opines. Make them aware of the concept of goal setting Parents could also make their children familiar with the concept of goal setting. In the words of Angirish, “Instead of buying a toy or gadget r...

Even with their hard work, ambition, and dedication, women entrepreneurs looking to raise funds sometimes get the short end of the stick. Sadly, women deal with gender biases more often than most think, especially when seeking to take on leadership roles and gain financial trust. So how do you find the right way to acquire investments to establish your own venture? Abhinav Angirish, the founder of Invest Online, shares some elements of fundraising, advice on tackling challenges, and tips for women entrepreneurs to raise funds successfully. 1. What are the key elements to consider before approaching investors? Remember, investors receive several proposals from entrepreneurs all the time. You have to think out of the box to stand out from hundreds of startups that are vying for their investments. The number one thing that qualifies you is your experience in the industry. Investors look for management with a track record. They are extra cautious here. Financials is another important eleme...

According to the Financial Times, bad debt has become one of the major obstacles to investment in the current financial turmoil. During the coronavirus outbreak, for instance, Financial Times reported that the Indian economy contracted by a whopping 24% – this was originally 3.1% in the first quarter of the year 2020. The drastic reduction in the GDP of India was far more than what economic experts had forecasted. During the pandemic, lots of businesses were shut with more than 140 million job losses recorded and one wonders how risk-free investment could be possible in such a situation. The response of the Indian government to the financial turmoil caused by the Covid-19 pandemic has been widely condemned. The failure to give some palliatives to those who lost their sources of income during the financial crisis was widely criticized. The Financial Times concluded that these were the worst times in the history of the country but the worst has happened and there are a lot of reasons for...

Financial planning is the process that helps the individual to accomplish his personal and financial goals. It helps to develop and implement a comprehensive financial plan. It helps the individual to grow and accumulate a decent corpus to meet his immediate or future financial goals.  No two individuals are identical; similarly, their finances are different too. Financial planning depends upon various factors such as individual's background, income, expenses, risk taking ability, future outlook, assets, needs, financial situation, knowledge, responsibilities, etc.  Working with a financial advisor can help you build a foundation so that life doesn't take you – or at least your finances – by surprise. A financial advisor can advise you when there are changes in the markets, tax legislation or the economy, and can help you adjust accordingly. An advisor you trust, and a financial plan you create together, will help guide you through the ups and downs to stay on track toward you...