#MYMONEYSTREETS – My Money Streets

November 27, 2018May 6, 2020

Mutual Fund NFO – Indiabulls Equity Hybrid Fund details and review

New Fund offer by Indiabulls, let us have a look at the details of the offer.

Mutual Fund	Indiabulls Mutual Fund
Scheme Name	Indiabulls Equity Hybrid Fund
Objective of Scheme	The Scheme seeks to generate periodic return and long-term capital appreciation from a judicious mix of equity and debt instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Scheme Type	Open Ended
Scheme Category	Hybrid Scheme – Aggressive Hybrid Fund
New Fund Launch Date	22-Nov-2018
New Fund Earliest Closure Date	06-Dec-2018
New Fund Offer Closure Date	06-Dec-2018
Indicate Load Separately	Entry Load: Not Applicable Exit Load: •
Minimum Subscription Amount	Rs. 500 and in multiples of Re. 1 thereafter

Source – Amfi

What is a Mutual Fund NFO – A new fund offer occurs when a fund is launched, allowing the firm to raise capital for purchasing securities. Mutual funds are one of the most common new fund offerings marketed by an investment company. The initial purchasing offer for a new fund varies by the fund’s structuring.

Did you choose your car insurance or just bought it?

Important part of the SID Scheme Information Document

Check SID document in detail

Type of scheme – An open ended hybrid scheme investing predominantly in equity and equity related instruments. Hybrid Fund would have an equity allocation of 65% – 80% & debt allocation of 20% – 35%. The scheme aims at providing dual benefit of Wealth generation through investment in equities and lower volatility through investment in debt.

Investment Objective – To generate periodic returns and long term capital appreciation from a judicious mix of equity and debt instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.The scheme will offer both direct and regular opton

Where will the scheme invest?

· In the equity segment, fund intends to invest in Automobile, Banking, Financial Services, Metals and Energy. In the defensive side, it intends to invest in FMCG, IT and Pharma.

· In the debt segment it intends to buy AA and above rated debt papers. The portfolio allocation likely to be 20-35%

Who will manage the fund?

The fund management includes the following team members-

Fund Manager	Brief Experience
Sumit Bhatnagar Head Equity (For Equity Segment) Age – 40 years Qualification – MBA (Univ. of Toronto), CFA (USA)	Mr. Sumit has 15 years of experience in Banking & Capital Markets. Prior to joining Indiabulls, he has worked with SEBI for close to 4.5 years in Investment Management Department. He has also worked in Banking Industry in retail and corporate assets. Sumit has been with Indiabulls since February 2009.
Vikesh Gandhi Age – 41 years Qualification – M.Com, University of Mumbai, MBA (Finance & Accounting), University of Hartford, USA	Mr. Veekesh Gandhi has more than 10 years of experience in the field of finance. He was earlier associated with DSP Merrill Lynch Ltd, SSKI Securities and Motilal Oswal Securities, wherein he was responsible for tracking the BFSI sector and research on investment ideas.
Malay Shah Age – 39 years Qualification – B.Com, MMS Finaance	Mr. Malay Shah has 15 years of experience in the field of finance. He has exposure to Debt – Dealing and Fund Management. Prior to joining Indiabulls Mutual Fund, he was working in the capacity of Head – Fixed Income with Peerless Funds Management Co. Ltd, managing all the debt Schemes.

Mymoneystreets Take –

Indiabulls Mutual Funds, is one of the fast-growing young Mutual Fund company with an AUM of about 10 thousand crore. Indiabulls Mutual Fund was launched in the year 2008. Indiabulls Mutual Fund has 4 existing equity funds and 7 debt-oriented funds in the kitty. The fund is suitable for investors with moderate to high-risk appetite with an investment outlook of 5-8 years horizon, highly recommend the SIP mode for the investment.

This category has many funds who are doing well. It is just one more addition. However, Fund managers well equipped to get good value to the investors. The view on investing this fund is neutral.

Read the SID carefully before investing, if you are a new investor, take suggestions from a financial advisor.

November 21, 2018May 6, 2020

7 business ideas with low or no investments India

Buy your insurance carefully

India has evolved, and come far way from a mindest to secure a govt job or atleast at a service of Tata , Birla or State Bank of India. Oh I absolutely love the baby boomer generation, because of their steady income and savings habit, they are today financially secure, they are encouraging and supportive of the next generation to starting up their own ruther than pestering them to look for a suitable job.

The millennial are more and more liking the idea of starting their own business. The idea of starting up a new business is awesome. It is not easy to think of breaking away from traditional family business or giving up a day job, especially starting a new business involve research, investment, human capital and lot of courage. However, in this post I would like to list down some no or low cost business ideas, which can ofcourse be scaled-up with investment and deploying resources. Mind you, still need to have courage to start up, research for your positioning and consistent efforts to scale-up

1. Content creation, blogging and vlogging – This is a huge and evolving industry, thanks to the ever growing internet usage and media consumption. Even twitter and Instagram can earn you money. If you like writing – short stories to economics, you can get freelance assignments of content writing. There are many agencies in the market. You can start your own once you are little comfortable with the idea. You can even have a blog of your own. To begin with you can have a blogger or wordpress account for free. You may even start writing before opting for a hosting service and a domain name. If you are you-tuber, bingo, the world is your oyster. A good video which can fetch thousands of view, can fetch a good advertisement money as well as paid/ sponsored content. Being a Youtuber and blogger are serious career. You can also use it as extension of your profile if you dont even want to monetise it.

photo – steemit.com

2. Private tutorial – You dont need to teach in a school for this. This will essentially be driven by your interest in a particular subject or a overall training skills. You can have a day job of an engineer, Accountant or a sales manager for that matter. You can use with word of mouth, leaflet distribution and few youtube video classes for initial promotion

3. Translation and transcription services –

The growing marketing and information distribution needs are opening up this arena. The marketers and communication professionals wants to go hyper local, in local as well as international market. Talking to the target audience in their language keeping their ethinicity and culture has become a priority. In this scenario, the translators have a huge potential for business, and If you are a multi lingual, especially with foreign languages like Japanese, Mandarin, you are in for a kill. Just spreading the word in the right places.

4. Financial adviser/ planner – you dont need to be finance MBA or a chartered accountant. But, you need to clear a few tests to become SEBI approved financial planner. Additionally, you need to have inclination to have the passion for profession. It is not just selling the product or making instant money, if you like the idea of money management, you can give it a try. It entails lot of deliberation and counselling. It is a business of trust, it has a huge potential in India, if you have the intent.

5. Public relation consultancy – true. Yet it is a mainstream profession. Before jumping into any conclusion, it is a very specialised service and you need to have some exposure to the sector with education/ internship and job in corp comm/ PR Consultancies for experience as well as the networking ability.

bollywoodshaadis.com

6. Mehendi or Tattoo artist – you can simply begin this by basic networking with friends and family. It doesnt require significant investments to start. You may consider high end tattoo machine, listing your services in premium websites, having a portfolio once you have started off and comfortable in your zone.

7. Art and craft classes – Are you a painter? And have never took the step to make it your profession? Are you passionate about DIY crafts? Most of your free time spent in checking youtube for suggestion. Here you have a idea. You can have a class for yourself. You can begin with a summer camp for kids, a video channel and even a at-home sale for your family and friends. It doesnt have any significant expenses. You can use your existing resources to begin with.

This list can extend to photography, career consultancy, life coach, beauty salon, online bakery, baby sitting etc which will be little expensive yet not an exorbitant money.

Choosing these careers are not sheer happenstance. These businesses can begin with low investments. Each of the above business idea has great potential.but however each needs research, extensive study, understanding market and indomitable entrepreneurial zeal to make it bigger. Starting up is difficult but it is easier than maintaining the momentum, keeping the spirit high through the ups and down.

October 29, 2018May 6, 2020

10 things you can do with your old phone

Car insurance is as important as the car itself
The other day, I was just checking the exchange value of a two year old HTC phone, perfectly functional, never went for a repair, all functionalities intact. To my surprise, Nokia offered me Rs. 1450 for that phone. I must say I checked online. So, there were nobody checked my phone and its condition, a random price popped up, yet as I was searching the deal on internet with the phone, AI ensured that the deal was for the same phone and model number I was checking for. I was impressed by the technology Nokia used to confirm my handset detail. However, disliked the fact that my careful handling of the device didn’t fetch me a fair price. I took it upon myself to find out how well I can use this phone as a spare handset, and if it would be value for money deal for me. And here are my findings, many of the functions don’t even need internet connection.

After re-checking the functionalities, I have noted down the things I will be able to do which will not only be beneficial, also will save me good money.

1. Calculator – In a daily mundane work, you need calculation every now and then. Be it calculating for grocery buying to checking the compounding effect of your long term investments. This function come handy all the time.

2. Digital Note book – if you have a habit of forgetting or you suddenly remember some important work, you just scribbled it down in the digital note. It may not be an exact function, you may use gmail, Microsoft word etc. as an option. The point is you have a handy digital note book.

3. Calendar and Organiser – From an alarm to health tracker, it can do a lot for you. The phones are unanimously voted as the most important material object in one’s life. With the functionality of the smart phones, its even more. If you have an android phone, google pull all the data from gmail and other apps make a note in your calendar, if you have not noticed that yet, check it out. Additionally you can put reminders for meetings, alarm to wake up etc. It works like your personal assistant without a visible reccurring cost.

4. Extra files and folders – for saving photographs, important scanned documents. After data, storage is next more important thing in life. The phones more than functionalities priced on the amount of space it provides. So, if you have a smart phone, it will come with some memory. So the memory itself is the value for money option for saving your important data files, photographs etc.

5. Browser – A smart phone is equal to mini laptop/ work station. If your old phone doesn’t have any technical issue, you can use it for your daily browsing needs. Research says, on an average millennial spends a significant waking hours in web surfing. So put your old phone to task, give some rest to your new phone.

6. Camera – Data, storage and camera are top priority while buying a phone. If your old blessed with twin camera, with over 5 – 8 mega pixel configuration, please dont sell your phone. It can be used for taking selfie and other photography.

7. Radio and musical device – are you a music buff? Most of the phone comes with an inbuilt radio. Just put o the headphone, it will work like an antenna. Additionally if still have a spare sim, you can definitely diwnload the music app of your choice and listen to as many hours as you want.

8. Personal theater – with Amazon Prime, Netflix, YouTube need I say more that it is your personal theatre. You can also save movies in video formats and watch online. The best part is you dont have to fight for the remote, adjust with family members or roommates for keeping TV on for longer hours etc. Infact, many are opting phones over Television set for binge watching.

You can also watch recreational and educational videos among others.

9. Shopping assistant – The days are gone when people used to plan for grocery and home shopping for weekends. You just can keep bunch of apps on your phone like Grofers, BigBasket, FlipKart, Amazon, FreshMenu and Myntra. Then shopping out is just a choice or option not a neccesity.

10. Spare phone – Last but not the least. It is your fall back option if your phone faces some technical issue or lost etc. To sum it up an old phone still holds a lot of value, think before you opt to exchange it for a small money to buy a new phone.

There are many cool way of saving money, it need not be boring and stressful. Saving money is fun and makes one responsible. For the journey of Financial freedom, saving money is a first step.

February 12, 2017

What is Payments bank? Let us see how AIRTEL Payments Bank work

what are the features? what you can and cannot do at payments bank!

A #Payments bank is a bank where you can deposit money, earn interest on it, use it for remittance services, Payments, transfer, net-banking and third party transfer. However, Payments banks cannot give out loans, issue credit cards. The maximum amount deposit is capped at Rs. 1 lakh.

The main objective of launching these banks is to reach out to the maximum population without much infrastructure requirements, with help of technology. These banks are beneficial for small businesses, low-income households and places where the full-service banks are not present or unable to address the needs of the low-income or small business owners, migrant workforce etc. With this initiative, RBI aims at reaching the remotest areas of the country. For ease of use and stay away from ambiguity, RBI has made it mandatory to use “Payments Bank” mandatorily in the name. As per RBI guidelines, Payments Banks must of 25% of its branches in the un-banked rural area.

Payments Banks work very well in the rural India, complementing government initiatives of financial inclusion. It will empower those citizens who have only transacted in cash, to head towards formal banking.

Presently, we have Airtel Payments Bank and soon PayTM is launching PayTM Payments Bank and IndiaPost Payment Bank.

As Airtel Payments Bank is already functioning, let us just have a glimpse of what it offer?

You have to enter your Aadhaar No. to get started.

Then the page takes you o register your PAN details, annual income and profession

Then next page you have to fill in the nominee details

It takes you to page – Banking points near you

Features

1. An account can be opened with Rs. 100, can deposit upto Rs. 1,00,000. No charges on cash deposits, in case of cash withdrawal,

2. Customers can withdraw money as low as Rs. 10

3. Fee for withdrawal is Rs. 5-25, if the amount is between Rs10 and Rs4,000

4. 7.25% interest on savings account

5. Free accident insurance worth 1 lakh

6. Can be used for mobile recharge, sending money, paying utilities bill, pay in shop etc

7. Intra-bank transfer within Airtel Paymentss Bank via Internet banking, mobile app or USSD is free

Freebies along with it

1. 15% cash back on CCD

2. 5% Extra cash back on Apollo Pharmacy

Convinience come with some charges –
1. Withdrawal charges for customers have to pay Rs5-25 for withdrawal of Rs10 to Rs4,000
2. Customers have to pay 0.65% of the withdrawal amount above Rs4,000, for withdrawing Rs. 10,000, customer needs to pay Rs. 65.
3. Digital transfer of money from Airtel Bank to other bank will charge 0.5%

4. Intra bank transfer to Airtel Payments Bank using bank point – 0.5%

5. Money transfer from Airtel Payment Bank to any other bank using bank point 1%

6. Account closure charges Rs. 50

What you can’t do with Payments Bank?

1. No credit card

2. Cant avail loan

3. No deposits over Rs. 1 lakh

4. NRI deposits will not be accepted.