Badali Pamel Sixako Ne Chhuta Karava Mate Araji No Namuno Download.
An Mutual Fund is an investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. One of the main advantages of mutual funds is that they give small investors access to professionally managed, diversified portfolios of equities, bonds and other securities, which would be quite difficult (if not impossible) to create with a small amount of capital.
In a big bonanza for 1 crore government employees and pensioners, the Union Cabinet today approved the Seventh Pay Commission’s recommendations. Effective January 1, government staff salaries will go up 23.5 per cent.
The Seventh Pay Commission’s recommendations also influence wages of employees of state-owned firms, local bodies and 29 states. Including pensioners, analysts say that 3 crore people will be directly impacted by the Pay Commission’s recommendations.
So if you are among the beneficiaries, have you decided where you are going to spend the money?
As your income stream is going to increase, instead of spending the money hastily, you should do proper financial planning, say experts.
“Do a proper analysis of your financial situation, look for the gaps which are preventing you to reach your goals and try to fill them,” says Anil Rego, CEO and founder of financial advisory fund Right Horizons.
If you have a home loan running, you can consider reducing it by increasing the equated monthly instalment (EMI), says Mr Rego.
This will reduce your overall cost of borrowing and strengthen your financial position in the long run. If you have any other high cost debt, you can consider getting rid of it.
Also, a part of the salary hike can go towards increasing the SIPs or systematic investments plans in mutual funds. It will help you to meet your long-term goal likes retirement or children’s education/marriage.