Trading Aspirants

  Single parents have unique challenges. SIPs can take care of the financial ones. Marriage, becoming a parent, raising children - all of these bring to mind positive images. That's why most of us are naturally drawn to them. However, life is more complicated than it appears. There are many among us who have lost their partners due to death or separation. They now have the sole responsibility of raising their children. This could be difficult, both emotionally and financially. Overcoming the trauma of the loss of the partner is the first step that single parents must take. The next challenge is related to the income and finances. After the loss of their partner, single parents may now have less or no income. They may have little idea about investing if investments were handled by their partner. Further, they have to raise children and provide for their upbringing and expenses. These challenges may seem to be insurmountable. But there is hope. Take one step at a time. See how you ca...

Here are six things that you should keep in mind while looking at your fund statement. A mutual fund statement is pretty much like your bank account statement. It is a complete summary of your mutual fund investments. While formats and layouts may vary across fund houses, the basic components remain the same. 1. Keep a record of your folio number. It is your reference number for the investment made. Each time you make an additional investment in an AMC, ensure that the folio number is the same. This will make it easier to track all your fund investments with a particular fund house. If you don't use the same folio number, you will have many folio numbers over time and this will make tracking your investments difficult. 2. Ensure that the name of the bank and the account number are correct to avoid facing problems at the time of redemption. 3. Make sure you are KYC compliant and have made your FATCA declaration. FATCA is a US law and as per an India-US treaty, Indian fund investors ...