Solution Oriented Mutual Funds: Your Key to Need-Based Investing
Solution Oriented Mutual Funds: Your Key to Need-Based Investing
In the evolving landscape of personal finance, mutual funds have emerged as a versatile and accessible investment vehicle for a wide range of investors. As a mutual fund investor, you might be familiar with the various types available, like equity, debt, and hybrid funds. But, have you encountered solution-oriented mutual funds yet? If not, this blog is tailored just for you.
NJ E-wealth
Investing Wisdom from the World of Sports
Investing Wisdom from the World of Sports
Sports and investing might seem like entirely different arenas, but beneath the surface, they share similar guiding principles, which if followed can lead to success. Intriguingly, sports characterized by its strategic maneuvers, emphasis on teamwork, and pursuit of victory reflects many principles essential for successful investing.
A successful team formulates game plans and tactics for victory. These strategies are adapted as per the opponent, match conditions, and other factors. The team's focus remains on scoring goals or runs to secure a win. Likewise, it's essential to set precise financial objectives aligned with your wealth-building aspirations such as retirement, purchasing a home, or funding education. Then, effectively allocate your funds to investments aimed at achieving these objectives.
In sports, consistent daily training and years of dedication are vital for attaining the goal of winning a medal. Likewise, a long-term aspiration such as owning a home or a car can be realized through regular Systematic Investment Plans (SIPs). Emotions often tempt investors to deviate from their plans, leading to impulsive decisions. Just as a disciplined athlete sticks to their training regimen, investors should stay committed to their investment plan, focusing on long-term needs rather than short-term market volatility.
A team thrives when every player, each an expert in their own field, collaborates seamlessly. They leverage their individual strengths to cover each other's weaknesses, ultimately securing victory. In the same way, well-informed investors diversify their portfolios across various asset classes. By doing so, the success of some investments can offset the potential losses of others, creating a balanced and resilient portfolio.
"I've failed over and over and over again in my life. And that is why I succeed." – Michael Jordan. Even the best sports teams and athletes encounter losses and setbacks. They learn from their mistakes and use these experiences to improve future performance. Investors should adopt a similar mindset. Viewing losses as learning opportunities allows investors to refine their strategies and make more informed decisions in the future.
Sports demand mental toughness to overcome challenges and maintain focus. Similarly, investing requires resilience, especially during market downturns. Investors must stay calm, avoid panic selling, and stick to their strategies even when markets are volatile. Resilience helps investors weather financial storms and stay on course toward their long-term goals.
Sports players dedicate countless hours to training and studying their opponents, understanding that preparation is crucial for success. They modify their strategy based on their opponent and changing game conditions. Investors must adopt a similar approach. Thorough research and analysis are essential before making any investment decisions. By understanding market conditions, economic indicators, and the specific details of potential investments, investors can make informed choices and mitigate risks. Further, monitor your investments and make necessary adjustments to align your portfolio with your investment objective as and when required.
In most team sports like football, cricket, etc. players excel because they have guidance. Coaches devise game plans that leverage each player's unique abilities and talents. If managing your finances on your own feels challenging, perhaps it's time to consider a coach for your financial journey as well.

Investors can benefit from seeking advice from financial advisors or mentors who offer valuable perspectives and guidance. A reliable financial advisor can help you allocate your assets wisely and achieve your financial needs systematically. With their market expertise and understanding of your risk tolerance, they can also help you navigate complex financial landscapes and avoid common pitfalls.
While many of us watch sports for pure joy, there are numerous investing lessons that we can learn from the world of sports. By applying these lessons wisely, investors can enhance their strategies and improve their chances of achieving financial success.

So, don't wait any longer! Begin investing today and effectively apply all the strategies you've learned from sports.
NJ E-wealth
Why should you have comprehensive personal accident insurance?
Why should you have comprehensive personal accident insurance?
Life is full of unknown risks. One can never really predict how the road ahead will bend. Accidents have become quite common in today's age. They have become a significant root cause of death, injury and income loss of the breadwinners.
There are mainly four types of coverages available under personal accident insurance:
in which the sum assured (risk cover) of the policy is payable to the nominee in the event of the policyholder's death.
in which a predetermined amount is paid to the policyholder if an accident results in permanent disability, such as loss of both limbs or eyesight (both eyes).
secures the insured financially from a permanent partial disability in an accident. In this case, the insured receives a percentage (up to 100% of sum assured) of the benefit. For eg; Loss of one limb or eyesight of one eye.
provides coverage to the insured suffering from a temporary total disability and is bedridden for an extended period. The insurer gives weekly compensation for the loss of income during the period of disability. If the breadwinner is not able to go to work, he is losing his income. This loss becomes a concern for the family because fixed expenses like Home loan EMI or rent, Car EMI and other household expenses will not be reduced or waived.
provides coverage to the insured, incase of accidental fracture. Depending on the severity of injury approx. from 5% - 100% of Fracture / Broken bones sum insured is payable. Eg; If the sum insured is Rs 10 Lacs, then in case of fracture the claim payable amount can be between Rs 50,000 to 10 Lacs. Claims for fractures are often seen in old age persons or in children.
Let us take an example of Mr. Shah aged 40 years (accountant). He has a comprehensive personal accident insurance for his family (self+spouse+2 children) with following coverages
  • Accidental Death - Rs 50 Lacs
  • Permanent Total & Partial Disablement - Rs 50 Lacs
  • Temporary Total Disablement (loss of income) - Upto Rs 50,000/- per week upto 100 weeks.
  • Broken Bones (incl. burns) - Upto Rs 10 Lacs
  • Hospital Cash - Rs. 5,000/ day
  • Accidental Hospitalization - Upto Rs 5 Lacs
Premium Rs. 21,231/- incl. taxes
One day, Mr. Shah slipped on the staircase at home and had a fracture in leg. So the doctor advised him to take bed rest for 8 weeks. He is unable to go to work during this period. Mr Shah received the claim amount of Rs 5 Lacs from the personal accident insurance policy. Break-up of the claim calculation.
  • Rs 4 Lacs under TTD benefit (Rs 50,000/- week for 8 weeks),
  • Rs. 1 Lacs under Broker Bones.
Most insurance companies provide all four coverages in the comprehensive policy. Therefore, one should aim for comprehensive policy cover to gain maximum benefits. The coverage should include activities that could result in accidents at various workplaces such as home or office. A personal accident insurance policy provides worldwide and 24*7 coverage. It means it will provide above mentioned benefits to policyholders anytime & anywhere.
Premium rates are the same from age 18 to 69 years. Occupation plays a vital role in deciding the premium amount as the risk of accident is more or less related to the nature of work of an individual.
The following are permanent exclusions in a PA policy

  • Self harming cases of suicide, self inflicted injuries, etc;
  • Accidental death/injury under the influence of alcohol or any intoxicating substance.
  • Criminal act, Pre-existing injuries & diseases, Natural death and so on.
Please read the entire policy wordings carefully for a complete list of exclusions.

To summarize, consider all of these factors before deciding on the best policy for you. During this process, don't put off purchasing the PA policy because accidents are a concern for everyone in the country. Regardless of your age or health, it is prudent to obtain personal accidental insurance, especially if you travel frequently.

Just as it is critical to provide financial security for your family in the event of your death, you must also consider how they would cope with your disability in case of an accident. Accident insurance can help you prepare for such unforeseen events. Before signing the policy, understand the inclusions, exclusions, and other terms and conditions.

Now clients can post queries directly from the NJ E-wealth account.

For SOA:
Login to NJ E-wealth account > Transact > Loan > NJ Capital Loan > Reports & Utilities > Request > Request for SOA - Statement of Account

For IVR:
Login to NJ E-wealth account > Transact > Loan > NJ Capital Loan > Reports & Utilities > Request > Request for IVR - Interim Valuation Report

For Unpledging of Securities (Demat):
Login to NJ E-wealth account > Transact > Loan > NJ Capital Loan > Reports & Utilities > Release Securities > Post Request > Select the securities that the client wants to unpledge > Submit Request.

For Unpledging of Securities (Non-Demat):
Login to NJ E-wealth account > Transact > Loan > NJ Capital Loan > Reports & Utilities > Release Securities > Post Request > Select the securities that the client wants to unpledge > Pay the Unpledging Charge >Submit Request.
Fund Manager INTERVIEW
patner Interview
Mr.Trideep Bhattacharya
Equities - Chief Investment Officer, Edelweiss Mutual fund

Yash Shantaram Khanolkar (ARN-250374)

Yash Khanolkar

  • Financial Assessment
  • Retirement Assessment
  • Child Future Assessment
  • Portfolio Review
  • mutual fund : debt/equity/elss
  • insurance : general/health/life
  • realty : plots/villas/flats
  • portfolio management services (pms)
  • fixed deposit : company fixed deposit
  • bonds : tax saving bonds

"We have taken due care and caution in compilation of this E Newsletter. The information has been obtained from various reliable sources. However it does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions of the results obtained from the use of such information. Investors should seek proper financial advise regarding the appropriateness of investing in any of the schemes stated, discussed or recommended in this newsletter and should realise that the statements regarding future prospects June or June not realise. Mutual fund investments are subject to market risks. Please read the offer document carefully before investing. Past performance is for indicative purpose only and is not necessarily a guide to the future performance."

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