Skip to main content

Featured

“How to Increase CIBIL Score Fast "

  “How to Increase CIBIL Score Fast " Factor Weightage Payment history 35% Credit utilization 30% Credit history length 15% Credit mix (secured + unsecured) 10% Credit inquiries 10% To increase score fast, we focus on the highest-impact factors. 1. Pay All EMIs & Credit Card Dues Before Due Date Late payments are the No.1 reason scores drop.  Best trick to increase score fast: Set auto-pay for EMIs & credit cards Pay credit card bill 5 days before due date Even paying minimum due on time protects score from damage  Never delay payments — even 1 delay stays in report for 2 years. Improvement Timeline: 30–60 days 2. Reduce Credit Card Utilization Below 30% High usage = score drop even if you pay on time. Example: If your credit limit = ₹1,00,000 Never use more than ₹30,000 per month ✔ Maintain < 10% if possible (fastest score boost) Improvement Timeline: 45–60 days 3. Clear Small Outstanding Du...
Post a Comment
Read more

How to start investing with small savings in detail

 



Starting to invest with small savings is not only possible—it’s a smart way to build long-term wealth. Here’s a detailed step-by-step guide to help you begin your investment journey with limited funds:

 1. 

Start with a Financial Foundation

Before investing, make sure your basics are covered:

  • Emergency Fund: Save at least 3–6 months’ worth of expenses in a liquid account (like a savings account or liquid mutual fund).
  • No High-Interest Debt: Pay off credit card or high-interest personal loan debt first.
  • Budget for Investment: Allocate a small, consistent amount monthly—even ₹500–₹1,000 is enough to start.

 2. 

Set Clear Investment Goals

Decide what you’re investing for:

  • Short-term (1–3 years): Vacation, gadgets
  • Medium-term (3–5 years): Car, wedding
  • Long-term (5+ years): Retirement, house

Your goal will determine your investment type and risk level.

 3. 

Choose the Right Investment Platform

Start with low-barrier and beginner-friendly platforms:

  • Mutual Fund Apps: Groww, Zerodha Coin, ET Money, Paytm Money
  • Stock Brokers (for direct stock investing): Zerodha, Upstox, Angel One
  • Smallcase: Curated mini-portfolios for long-term investors

Most of these allow investing with as little as ₹100–₹500.

 4. 

Best Investment Options for Small Savings

Here are beginner-friendly instruments:

a) 

SIP (Systematic Investment Plan) in Mutual Funds

  • Start from ₹100/month
  • Ideal for long-term compounding
  • Types:
    • Equity Mutual Funds: For high growth (high risk)
    • Debt Mutual Funds: For stability (low risk)
    • Hybrid Funds: Mix of both

b) 

Recurring Deposits (RDs)

  • Offered by banks/post offices
  • Safe, fixed returns
  • Good for short-term, low-risk goals

c) 

Digital Gold

  • Buy gold for as little as ₹10
  • Good hedge against inflation
  • Option to convert to physical gold later

d) 

Stock Market (with caution)

  • Use small capital to learn
  • Stick to blue-chip stocks or ETFs
  • Avoid intraday or speculative trades early on

e) 

Public Provident Fund (PPF)

  • Min investment ₹500/year
  • Government-backed, 15-year lock-in
  • Great for retirement savings

 5. 

Automate Your Investing

  • Use SIPs to invest automatically every month.
  • Set reminders or auto-deduct from bank accounts.
  • Consistency matters more than amount.

 6. 

Track and Learn

  • Use apps like Kuvera, ET Money, INDmoney to monitor your portfolio.
  • Learn from YouTube channels, books (like The Psychology of Money), and podcasts.
  • Read monthly updates on your funds/stocks.

7. 

Increase Investments with Time

As your income grows:

  • Increase SIPs annually
  • Use bonuses/tax refunds to top up investments
  • Diversify across multiple assets (equity, gold, fixed income)


 Tips to Remember

  • Start now, even if small: Time > amount.
  • Avoid FOMO: Don’t chase hot tips or viral stocks.
  • Be patient: Wealth grows slowly at first, then exponentially.


Source of image: Google 

Comments

Post a Comment