Investment Information for Indian Housewives
Posted on March 24, 2008 in Business and Finance by madhu
Earlier it was a mindset that financial matters need to be managed by only the male members of the family. But now the picture has changed a lot. Now-a-days, most of the housewives are frequently seen to take more interest on the investment and savings than their male counterparts which actually help them in being a real better half.
Taking interests on investments and savings don’t mean that you are overtaking on your husbands but it assures you and your family a financially secured and prosperous future.
Tips on Savings & Investment
People generally are not very prone to savings without any interest but they have an inclination towards investment from where they can earn some considerable amount of money.
- Basically, there are two types of people. One type of people always tends to save and invest, no matter what amount they are earning. On the contrary the other type of people is prone to depend on their credit cards and takes one step forward towards bankruptcy.
So firstly, you need to learn living within your means and accordingly making plan for savings and investments.
- The best way to make money is investing in something. Basically savings can assure you a secured asset without having any risk of profit and loss but an investment is the actual way to increase your savings. Investing means purchasing something with the hope that it can generate some profit and add to your savings in future.
Several Investment Options
Generally, to make an investment you need to mobilize your small funds to an investment instrument. To have an investment instrument you may require a certain amount of money. It can range from 5,000/- to Rs.50, 000/-. So, now just have a look on the several investment options those are easily available and effectively accessible.
Equity Shares
Equity shares actually mean having a share of ownership in a particular company or corporation. In the equity shares, you can start setting up a portfolio of your own by buying shares of a company. Moreover, investing in equity shares doesn’t always require a huge amount of money.
However in case of equity shares, you need to be very careful about the shares of a company on which you are going to invest. For that you are suggested to consult a broker or a market expert. To gain profit from equity shares you need to keep on monitoring your shares.
Company Fixed Deposits
You can go for several company fixed deposits that generally varies from one company to another. Generally the minimum amount that you need to invest is Rs.2,000/-. Here also you need to be cautious on the company deposits. These deposits may require critical evaluation to judge the credit-worthiness of the specific company.
Mutual Funds
A mutual fund is basically a financial liaison that allows you to pool your money together along with a fixed investment objective. The time you are investing in a mutual fund, you are actually buying shares of the particular mutual fund. Thus you are becoming a shareholder of the fund.
Plenty of mutual fund operators are available in market. To invest in a mutual fund you need to learn the terms and condition of that fund very carefully to handle your investment properly. For mutual funds the minimum amount you require is Rs.500/- .
Buying certificates
You can also buy certificates of several companies that offer to make a certain percentage increase on your principal amount. But for that you need to fix your amount for a certain period of time according to the terms and conditions of the particular company.
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