Thank you for registration.
We will keep you updated with our investor educative information.
We already have your details.
LIVE WORRY FREE
Published On , 4 Feb 2020 By Times Of India
LIVE WORRY FREE
YOU CAN ACHIEVE FINANCIAL FREEDOM THROUGH PROPER PLANNING USING MUTUAL FUND SCHEMES AS THE MAIN VEHICLE
It is everyone's dream to live a worry free life. Like in every walk of life, if one plans well one's investment with proper timelines for each of the short, medium and long term goals, financial freedom is achievable.
Usually financial goals which could be met within a year or two, qualify as a short term goal. One should have an emergency fund with 3-6 months of family's monthly expenses parked in Liquid Funds. Goals like annual vacations, schools fees, yearly insurance premiums etc. could also be met through SIPs in Liquid Funds.
Financial goals which are to be achieved after a couple of years but in the next seven years, could qualify as a medium term goal. Down payment for the dream house could be a medium term goal. Going on a vacation to an exotic location abroad could also be clubbed as a medium term goal. For such goals, one could use SIPs in hybrid (earlier balanced) funds or if you're a conservative investor then in SIPs medium term debt funds.
Financial goals which are to be achieved after seven years, qualify as long term goals. Planning to build one's own retirement corpus, to meet expenses for a child's wedding etc. qualify as long term goals. For these, for most people, SIPs in a mix of equity funds could be used.
It's important to choose one's goals judiciously, set timelines, invest in a disciplined manner and enjoy the fruits of good planning. One could always consider taking help of a qualified financial advisor or planner.
utiswatantra.com is a UTI Mutual Fund investor education initiative
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
All the data/information shared above has been collected and compiled by UTI Swatantra's media partners - BCCL (Times of India, ET Wealth), One India (ABP, HBL, Hindustan, HT, Mint, Sakal, The Hindu, The Telegraph), ET NOW & Radio One . UTI Mutual Fund (acting through UTI Trustee Company Pvt Limited) / UTI Asset Management Company) owes no responsibility/liability whatsoever in this regards. The information contained should not be construed as forecast or promise.
Any investment decision taken based on the information provided in the content above shall be at sole risks, cost and consequences of the user.
To know about the KYC documentary requirements and procedure for change of address, phone number, bank details, etc. please visit www.utimf.com/servicerequest/kyc. Please deal with only registered Mutual funds, details of which can be verified on the SEBI website under "Intermediaries/market Infrastructure Institutions". All complaints regarding UTI Mutual Fund can be directed towards email@example.com and/or visit www.scores.gov.in (SEBI SCORES portal). This material is part of Investor Education and awareness initiative of UTI Mutual Fund.