📊Weekly Market Snapshot
🔴NIFTY50 - 24,148.20 (-0.64%)
🔴SENSEX - 79,486.32 (-0.30%)
🔴GOLD - 77,382.00 (-2.73%)
🔴SILVER - 91,130.00 (-5.73%)
🟢USD / INR - 84.3751 (+0.34%)
🟢CRUDE OIL - 73.94 (+1.54%)
Overall, IT and select healthcare stocks showed strength, while oil & gas, utilities, and certain consumer-focused sectors faced challenges, reflecting a market balancing growth and defensive plays amid broader economic uncertainties.
🎯 This Week's Financial Action Item
Create or Review Your Family Budget
Why it matters:
A well-structured budget helps you track your income and expenses, ensuring you can save for future goals and manage unexpected costs effectively.
How to do it:
List all sources of income: Include salaries, bonuses, and any side earnings.
Track your monthly expenses: Categorize them into essentials (rent, groceries) and non-essentials (dining out, entertainment).
Set financial goals: Decide what you want to save for (e.g., education, vacations).
Adjust your spending: Identify areas to cut back if necessary to meet your goals.
Review regularly: Check your budget monthly to ensure you're on track.
💡Weekly Family Financial Wisdom
Securing Your Child's Future: A Simple Guide
Children’s day is around the corner!
Every parent dreams of a bright future for their child. But how do we make sure that dream comes true?
Here are some easy steps to secure your child's future.
Start Early with SIPs: Begin a Systematic Investment Plan (SIP) for your child's education or career. SIPs are like saving a little bit of money regularly. Over time, this small amount grows big due to compounding. Think of it as planting a tree that grows bigger every year.
Top-Up Your SIP: As your income increases, add more to your SIP. This helps the investment grow faster. It's like adding more water to your growing tree to make it stronger.
Lumpsum Investments: If you get a bonus or extra money, invest it in a lump sum. This gives a big boost to your child's fund. Imagine it as giving your tree a big dose of fertilizer.
Term Insurance: Get term insurance to protect your child's future. If something happens to you, the insurance will provide money for your child's needs. It's like having a safety net.
Health Insurance: Ensure you have health insurance. This way, medical bills won't eat into your savings for your child's education. It's like having a shield that protects your savings.
Engage and Educate: Teach your child about saving and investing. Use stories and games to make it fun.
By following these simple steps, you can ensure a secure and bright future for your child.
📈Know Your Fund
What is a Value Mutual Fund?
Value mutual funds represent a disciplined investment approach focused on identifying and capitalizing on undervalued stocks, making them suitable for investors who prioritize long-term growth and stability in their portfolios.
Top 3 Value Mutual Funds:
HSBC Value Fund (CAGR: 3 Yr: 21.6% | 5 Yr: 25.1% | 7 Yr: 25.1%)
Bandhan Sterling Value Fund (CAGR: 3 Yr: 18.1% | 5 Yr: 25.9% | 7 Yr: 25.9%)
JM Value Fund (CAGR: 3 Yr: 23.8% | 5 Yr: 25.3% | 7 Yr: 25.3%)
Reminder: Past performance is not indicative of future returns. Always read scheme-related documents carefully.
🛠️ Question of the Week
Which of the following financial goals are you currently focusing on the most?
Building an emergency fund
Saving for children’s education
Buying a home
Retirement planning
Paying off debt
Growing my investments
(This form is completely anonymous. You will be able to see the responses summary of others’ once you submit.)
⚠️Disclaimer
This newsletter is for educational purposes only and should not be construed as investment advice. Mutual fund investments are subject to market risks. Please read all scheme-related documents carefully before investing.
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