Goal setting, some of you are already familiar with this term, is an important exercise during the beginning of the appraisal year.
Goal planning , from a financial planning perspective, is as important. Unlike your appraisal this spans across multiple years .
Successful athletes, businessmen and achievers - all of them set goals in life. This gives life a purpose, a meaning. It provides you long term vision. You now know where your efforts need to be focussed.
Mutual Funds began in 1963 in India. Private mutual funds came into being in 1993. AMFI was established in 1995. Since then, there have been so many varieties of mutual funds. Based on your individual goals and risk profile, you would purchase a mutual fund. The question therefore begs to be asked is - is equity savings fund right for you ? What are equity savings fund ? Mutual funds are defined by their structure and tax applicable on them.
Inflation is a measure of rise in the general price level of all goods and services in the country. Inflation is often viewed as the reduction in purchasing power of money.
If you could buy a cup of coffee for Rs 10/- today and after 1 year, you are able to buy a cup of coffee for Rs 12/-, you have experienced inflation. In this case, inflation is 20%.
