Impact of rupee cost averaging

Impact of rupee cost averaging is a bit hard to understand for people who have not studied finance. It is generally used for balancing your investment over a long duration of time. 

Investment itself is a tricky thing to understand. Markets are always going up and down and most people try to predict these market fluctuations. It is this nature of people where they try to predict the market is what leading them to tragedy. Even the best financial analyst can't predict the market with guarantee so it is really useless to try and predict market.

What we can do is that we can invest in the market regularly. The best investment tool for this kind of investment in SIP or systematic investment plan. SIP invest regularly in the market through mutual funds. Mutual fund is investment tool for investors who don't understand market but want to invest in the market. Mutual fund pools money from lots of investors and then put them in the market.

Every mutual fund have a basic guidelines in which it invests the investors money. For example, an equity fund is a fund which wants to generate high revenue for it's investors. These funds are also high risk funds. There are also ELSS funds which help you in tax savings. 

SIP can be understood to be like an RD or recurring deposit in which some amount of money is transferred from your account to the RD account. In case of SIP, some amount of money is transferred from your account to the mutual fund of your choice. 

You can choose your fund according to your need and investment horizon. If you have long horizon then you must try and invest in equity as on average equity market will definitely provide you growth higher than fixed deposits and help you negate the inflation present in the market.

By doing an SIP, you are investing in the market every month. By investing small amount of money every month you are negating the market ups and downs.For example if the market is at 25,000 in January and then 24000 in February and 26000 in march then what you are doing is that you are investing in all kind of markets i.e., you are investing money when there is up and when there is down as well. By doing this you are averaging out the market. This phenomenon of averaging out the market using regular investment is known as rupee cost averaging. 

When the market is down, we will get higher number of units of mutual fund because the cost per unit is less. When the market is down we will get less number of units of the mutual fund for the same amount of money invested.

So, if you are trying to invest in the market then don't waste much time to understand and predict the market. Just start and SIP and let the impact of rupee cost averaging do the magic for you.

This blog post is inspired by the blogging marathon hosted on IndiBlogger for the launch of the #Fantastico Zica from Tata Motors. You can apply for a test drive of the hatchback Zica today.

Impact of regular savings

Impact of regular savings can only be understood in long term. We all have a habit of spending money. From the time we wake up in the morning till the time we sleep, all thoughts which cross our mind are related to spending. If we think about buying something, it requires money. If you want to go out for long drive it requires money. The ads we see on newspaper tempts us to buy luxury items from online stores. Even if we feel like going out for lunch or dinner it requires spending of money. So, we see that thought of spending naturally comes to our mind.

Nobody wakes up in the morning and thinks that I will save this much of money today or I will invest this much of money today. Saving is something which all of us should learn. Saving occasionally is good but it is better if we develop saving as a habit. We should learn to save regularly.

Why it is important to save ? It is important to save because it provides us a cushion for the time when we will face financial problems. We all will go though a periods of ups and downs in life. A wise man prepares for the downs when he is going through the up phase. 

We can never foresee problems coming our way, it could be a tragedy like accident or just a financial loss like loss of job or burglary at home. During those times if we have saving with us then it becomes really easy for us to cope with it. We must first calculate the cost of living. For example if we spend 10,000 rupees on average per month on basic necessities then we should at-least have 1,20,000 rupees as savings. It is simple calculation we must have savings worth 12 months of our monthly spend. This provides us peace of mind to live our life and spend without worrying.

A regular savings also help us create a corpus for us. A corpus of money help us in creating wealth for our family or for buying some assets. We can use corpus to buy car or give down payment for our new house. It is always good to have funds at our disposal. We all complain that we are never able to buy a bigger car or a house of our own. The main reason behind being unable to achieve what we would want to have is that we are neither planning accordingly nor saving adequately.

If a person is not in a habit of saving then the first thing he should do is start with some saving plans. One can go for RD or SIP which enables to save money regularly. Then they can improve their financials by adding a good portfolio of funds, shares and insurance. If you are not able to plan it yourself then you must visit any financial adviser for suggestions.

This blog post is inspired by the blogging marathon hosted on IndiBlogger for the launch of the #Fantastico Zica from Tata Motors. You can apply for a test drive of the hatchback Zica today.

5 Mistakes To Avoid When Buying a Home

In India, we attach lots of emotions with our home. It is not just an ordinary purchase but something we spend a lot of time on as we have to stay a long time in that. We try to buy a home for a long term purpose, either for living with our family for many years or for having a house which could be passed on to the next generation.

As home is so much attached to our emotions hence it becomes imperative that we take extra care while buying it. There are many mistakes which a home buyer could avoid while buying a new house. The 5 main mistakes to avoid while buying a home are -

Taking advice from everywhere - What we generally do is take lots of advice from our relatives and friends before buying a house. This is a really wrong thing to do as they hardly have any knowledge about real estate. Some may have brief knowledge from their experience but they won't be able to compare one property with another. What we should actually do is take professional advice. That advice or tips can be taken personally or even from online resources.

Builder check - The first thing we should check before buying is that which builder is building that project. By getting the details of the builder you can check their background. Some of the basic things to check which will help you avoid any mistake.

• Last project by the builder
• Projects completed  by the builder
• Time taken to complete
• Time taken to give possession
• Any financial disputes

Registration - When you have finalized you builder and the project then you should start inquiring about the registration. Registration is not just a single document. There are multiple clearances that are required. For example, some builders get approval of only two towers but build three towers. Similarly, some build more number of floors. Not checking registration is a big mistake lots of people do.

• Check you tower is approved
• Check you floor and flat is approved
• Check the lift and other utilities are approved
• Check the plot is not into some litigation

Carpet and floor Area - After doing all the checks that you are buying a genuine property. You should check your carpet area and floor area. You can browse through some wonderful websites which give all the data about these things. Realty Compass is one such website which gives you in-depth analysis about this.

Neighborhood - While buying a home, it is not just important to see what kind of house you are buying. It is also important to know which place you are staying. Does the place have proper infrastructure ? Does it have schools, hospitals and basic amenities available in the neighborhood.

It is not just the checks that are important for us but also the prices. We do end you doing lots of research and comparison before buying. To solve all your problems you can visit Realty Compass which gives you detailed research about the home you are going to buy. You can compare different projects, check different builders and most importantly which we Indians are fond of doing is compare the prices of different projects. There are many projects listed, so start you research. 

ASUS to launch the most-awaited Zenfone 2

ASUS has always enthralled us with majestic Reviews Reviews Reviews their phones. The features in Zenfone always Spellbound the audience and the users. I have been a part of Reviews Reviews their last few launches and always come up with something extraordinary.

This is the video of the launch of the Zenfone in India taken by me. Asus are really meticulous with their preparations. They know the Indian audience well and they give the best in class features to woo them.

Asus ZenFone 2 is no ordinary phone, it is a phone worth waiting for. It will take the smart phone experience to a whole new level. Some of the mouth watering features of Asus ZenFone 2 acres -

1. Performance - Zenfone 2 comes with a really powerful processor.  It is powered by 2.3GHz 64-bit Intel Atom Z3580 processor and has 4GB of RAM roomates Gives three times (3X) better performance than other phones. If you are a gaming enthusiast , then you will be really happy to know that it Gives seven times (7X) better performance than the previous phones. Today's world is about multi-tasking and with this powerful processor you can surf the web, listen to music and play games at the same time. 

2. Pixel master - Zenphone 2 comes with a 13 MP camera and f / 2.0 aperture lens roomates Allows you to capture really amazing photographs with zero shutter lag. Zenphone has captured the imagination of photography lovers with their low light photography and this Zenfone is a even better than the previous ones.. It gives 400% brighter photographs at night or during low-light photography.

3. ZenUI - the ZenUI is another great feature of this eagerly awaited phone. It provides to users a more simpler, smarter and personalized experience. It enjoys a exquisite design and lots of features. 

Some of the other great features of Asus Zenfone 2 are Boost Master which allows the phone to get charged up really quickly. It also provides you with Dual sim and dual active option which helps you to be contact with the world with two different sim at the same time and allows you to switch between them seemlessly. It has Intel atom processor and 4 Gb RAM which is definitely makes it best in the class.

If you are looking for a smart phone which is loaded with all the features and is also personalized then Asus Zenfone 2 is where your search stops. Some of the features like ZenUI and Pixel master makes it stand apart from rest of the smart phones. 

Edelweiss Tokio Life Insurance Mylife+

Today's market is a growing market. Our country is progressing rapidly and if the policies of the government and the market trends are something to take into account then the market is only going to grow higher. In this growing market the trend is to invest in the market as much as possible so that you get as much return as possible, which I think is a sensible thing to do but we should take into account other aspects of life as well. 

What will happen if you are no longer there ? Who will support your family ? what will happen to the long term targets you have planned ?

It is very important to understand that life is uncertain and all the money you earn for your family won't be there if something happens to you. Today, we spend a lot of money and enjoy a really good lifestyle. This means that we require a lots of money to meet our daily and monthly needs. If you are the earning member of your family and somehow you are not there to support your family then they will face a huge monetary crisis.

Long term goals - All of us have try to save for long term goals. We think we will create SIPs or invest in mutual funds which will one day fund our long term goals like marriage of our daughter or higher studies of our kids or a house of our own but have you thought about a situation where you end up meeting an accident and losing your life. In this situation, your family won't have money to sustain their daily needs further all the long term plans will become useless as without you paying for the SIPs, the funds will become static and will serve no purpose. 

What's the solution ?

Term life insurance are best solution to keep your family safe. At a very nominal cost you will be able to safeguard your family's future, their monthly needs and as well as their future financial goals. 

For everyone of us family is the most important thing and it is our responsibility to keep them safe.Term life insurance cost just a small fraction of the money you invest but you provide you multiple benefits and most importantly peace of mind. A nominal investment of around Rs 500 will give you a cover of Rs 1 crore. 

Which plan to choose ?

There are so many term insurance plan available in the market that you actually get puzzled that which insurance plan you should actually buy. With so many things to consider you actually become confuse. Working with a financial organisation has taught me that buyers are becoming intelligent every passing day and whatever you tell they are going to do the comparison in the market. So, the best thing to do is to tell a product and compare it with others as well.

Edelweiss Tokio Life Insurance Mylife+ 

7 reasons why you should choose Edelweiss Tokio Life Insurance Mylife+ plan 

1. Low cost term assurance plan - This means that you get an assured sum of money from the insurance plan at a very low cost. 

2. Option to choose death benefits - You get to choose that death benefit will be lump sum or monthly payout. This means when you die your family may get a huge sum as a one time payment if you choose lump sum or they will get a monthly payment if you choose monthly option. You can also choose both the option in this case a stipulated lump sum amount will be given to your family on your death and then monthly payments will also be given.

3. Make your plan comprehensive through riders - You can also add riders like what will be given to your family if you die because of accident. These riders make your plan more comprehensive.

4. Get discounts for higher sum assured - If you assure you family with higher sums then you also get the benefit of discounts. Doesn't that make this plan even more attractive ? It gives you an added advantage as you increment the sum assured for your insurance. 

5. Low premium rates for female lives - Females upto age 21 will get a discount same as the male rate of age 18. Females age 22 or above will get 3 year age setback to male rate. This makes the female insurance even more attractive proposition. 

6. Get cover upto age 80 -  Our life span has increased hence many people think that getting a life cover only till the age of 60 is not sensible. With this plan you get the chance to have life cover till the age of 80. Since you require the life insurance cover the most at the age 60 to 80 hence this plan is valuable even if you are reaching your retirement age and a bit late in deciding for your insurance cover.

7. Get tax benefits - You get tax benefits on the amount you pay as premium. You get tax benefits on the premium paid towards life insurance under the section 80 C of tax laws. Further the tax benefit level under this scheme has been increased this year to help people plan their insurance even better. 

Competitive advantage or Comparisons

Edelweiss Tokyo Life Mylife insurance plan according to me stand out in many ways. 

1. Minimum age -  All insurance plans are not available at the age of 18. The leading insurance companies have minimum age around 20-21. 

2. Maximum age - LIC's term insurance plan has maximum age of 75 years. In this regard the Mylife plan gives you an advantage at the most important juncture of your life insurance, i.e., from age 75 years to 80 years.

3. Discounts - The higher sum you assure your family the higher discounts you get. This is definitely a double advantage which you will get in no other insurance plan.

4. Benefits for females - Females will get a benefit of 3 years age setback to male rates, which in long term means a lot of gain.

You will get low term cost and tax benefits in almost all the plans but you should choose plan which is giving you the most number of benefits.

5. Ease of processing - You want to have a term insurance plan which can be easily understood and you can but it just few steps. Mylife plan gives you this advantage, you can get yourself a term insurance quote or even a policy in just few clicks. 

Since we have very less time these days to devote to these things hence Edelweiss has made sure that you could complete the form in just 15 minutes. 

Hotel bookings in Delhi

India is rapidly developing into a travel hot spot. People from all across the world are interested in travelling to India. There are variety of places to visit and thousands of cuisines to try. For all the tourist Delhi becomes the epicenter of all the activities. If you want to travel to North, west or East, you somehow have to visit Delhi. 

Hotel bookings in Delhi is very important from a travelers point of view. Since you can visit most places by traveling from Delhi only and if you don't have an accommodation here then you won't have a base. You would have to book places at all the cities you visit. For example, if you thinking about visiting Agra and Jaipur in your trip then you will land in Delhi and will travel to Agra or Jaipur. If you have an accommodation in Delhi then you can come back in the evening and stay in the comfort of your room, If not then you would have to stay in Agra then next day you would have to travel from Agra to Jaipur and then book a hotel again in Jaipur. It's not just that you have to book hotels multiple times but your one day will be wasted as well. 

Hotel bookings in Delhi is also important as Delhi sees a lots of tourist hence most of the hotels are generally full during the peak seasons. To get the best accommodation which is also close to the places you want to visit is really important. When you are traveling the last thing you want is to run around the city to find a good hotel which have all the facilities you require. It's better to check in advance all the details of the hotel online and book it before starting your journey.

You may even have to pay higher prices when you book the hotel on spot but if you book your hotel online then you will get cheaper rates and at the same time there are many discount offers if you book you ticket in advance.

If you are looking for a peaceful and luxurious stay then you can look for hotel in north Delhi. There are lots of budget hotels in north Delhi for travelers. Hope you will book you hotels in advance and will have an amazing trip to Delhi.

Mid segment Hotels in Delhi

Delhi being the capital of the country attract thousands of tourist. Domestic as well as Foreign tourist both flock to Delhi for experiencing the heritage and culture of Delhi. Delhi offers all kind of accommodation for people from lavish  5 star hotels which will cater to every possible need of yours to budget hotels which is the best bet for budget travelers.

Delhi witness travelers throughout the year. Thousands of people visit Delhi everyday. So, if your planning to visit Delhi at any point of time in the year then I would suggest that you should definitely book your accommodation in advance. Don't thing that you will land in the city and Hotels will be waiting for you to come. Further if you haven't researched much then the hotels may charge you exorbitant amounts knowing that you are new to town. The rates also get increased if the hotels start getting lots of inquiries. To be on the safer side it is always recommended to book your hotel in advance and make your plans accordingly.

If you are planning to travel to Delhi, what I would suggest will be mid-segment Hotels. These hotels won't burn a hole in your pocket but will give you all the amenities you need. Though selecting a good hotel is definitely a hard task. You should keep a lots of things in your mind before selecting a hotel. 

First thing is the safety, so try to book a hotel in the areas where travelers frequently visit or the hotels which are recommended by travel bloggers or travelers. Paharganj and Karol bagh are places where you get lots of option for budget hotels. Both of these places are popular among travelers. 

Secondly, you should also keep in mind the places you want to travel. Since Delhi is really huge and traveling from one part to another is really hectic sometimes hence try booking a hotel at a place which is near to the places you want to visit.

Always check the following things before making the booking

• No. of days the booking is for
• Check in and check out timings
• Facilities offered like Wifi, breakfast, pick up etc. 
• Food preferences

Don't book a hotel which is far from metro or bus stops as this will make you travel tedious. Further check all amenities the hotels are offering. Most hotels will provide you with details about the city tour. many of them have their own cab service or have a company attached with them which provide cab service. You can also book Ho-Ho bus service which takes you to many great places across the city at a reasonable cost. Hope you experience a comfortable stay at mid-segments hotel in Delhi.

Exide Money Book

The Indian market is one of the fastest growing markets in the world. The policies of the new government has improved the situation of the market even more. The shares are rising and people are showing trust on the market. The rise in the share market in the past one and a half year and also increased the positive sentiments of the people. 

These days we are investing in lot of different things. At the same time, people want to increase buying capacity by taking loans. Loans for education has also become a common thing. Since our monthly expenses have increased we also need higher insurance policies to secure our family's future. Keeping so many financial details in mind is a hard task for any individual. My money book by Exide life Insurance is a book which will decrease your mental tension. Now, you won't have to remember all the financial details, you have one place to keep them all.

5 useful things about My Money Book which will make your life easy

1. Reference - The best thing about this book is that you get to keep all your financial details at one place and you no longer have to remember all the details. It will also work as your reference when you would have to quote details about any of your investment or insurance policies. Earlier we had to go through all the documents to get the details now we can get them in seconds as all the information will be there in My Money Book.

2. Organised Record - I like organizing my things. I feel more comfortable if things are sorted and well arranged. It saves me time and mental tension. With My Money Book, I can organize all my financial details at one place which will save me lots of time and mental trouble.  

3. Bank details - The book provide separate sections to put all your bank details now you don't have to remember all the details if you use multiple accounts. I think everybody uses more than one account these days. We have different accounts for salary and personal use. If you have trouble remembering details then this will solve it. You can also put your locker and credit card details if you need. Though I won't recommend it as card details should be kept safe. 

4. Track your investments - The book gives lots of attention to your investments. You can put details of 4 different Fixed deposits and 8 different mutual funds. It also gives you a investor sentiment that people are more bent towards mutual funds than FD's. You can also track PPF and NPS schemes through this book.

5. Insurance Policies - Insurance policies are the first thing that is mentioned in the book but I have writing about it at the last because most people ignore the need of insurance policies. People will skip the pages and go to their investment details. Hence, I did this on purpose. 

Now that you know how much you have saved in your bank accounts and how much investments you have made in various funds and FD's then it must be easier for you to calculate your insurance. You invest some amount every month in your funds if you are not there then the funds will become static. Hence, to safeguard your family you should do insurance. It will give them a corpus as well as money to live their daily life. You can do multiple insurance to if you multiple responsibilities in your head like you child's education, their living expenses and saving for their marriage. This will decrease the risk at your life. 

This review is a part of the biggest Sponsored Review Program for Indian Bloggers. Participate now to get free Products!