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The CAGR team has ensured that my money is always invested in the best funds

I have been earning, since I was quite young. Since, I was living at home at that time, I started investing in mutual funds. My mother then told me the basic mechanics of it, which I understood. But I never had the bandwidth to get into the real details. At that time the mutual fund market was beginning to sky rocket. I entrusted the money to be invested at a major International bank, the same bank my mother banked at.

After a period of interest that I had at the beginning, I really stopped tracking my investments. My relationship managers changed often. Periodically they would let me know that my wealth was x amount, or that the recession was hitting and would affect investments. But I just went with what they were recommending. In any case, my attention was diverted to my MBA, my first job. Any surplus monies was going to be used to pay back my education loan.

One day after my education loan was over, I went back to the bank and asked them what I should do with my surplus money. They recommended some investments, and I continued investing with them. I had some trepidation this time around, because many many relationship managers had changed hands over the years. And the advice they gave me didn’t quite fit in with how I understood the financial market worked.

It just so happened that around that time a colleague of mine introduced to CAGRfunds. I met the two of the founders, and told them about my past investments. They were a small team, and I felt no harm in sending my portfolio and getting it audited for free.

When I received the details from them, I realized that the annual return of my investments at the bank was something near 6-7%, not at all what I expected (I was receiving more than that in fixed deposits!). CAGR also pointed out that I was invested in a lot of thematic funds which were doing well when I invested in them, but had been languishing in the years post that.

I took this information back to the bank and they told me something that shook my confidence in them. To my shock I realized that none of them were tracking it. Later, I understood that banks are interested in getting you to invest, but not in managing your portfolio after the investment was made.

I quickly realized that I needed someone who looked into the portfolio regularly. I asked the team at CAGR to figure out a new investment plan for my surplus cash.

They came back quite quickly with a clear plan of action. I started small, but over a period of time have invested regularly with them. They keep in touch with me quite often, poking and nudging me when I’m ignoring my investments. They give me sound and sensible advice, and reviewing my portfolio periodically. I especially like the fact that they take care to explain the logic to me point by point, even when I’m asking ridiculous questions. I’ve been a CAGR client for 18 months now, and the portfolio with them has far exceeded my expectation from the market, and has left my investments at the multinational bank in the dust.

Since that time, I’ve also recommended CAGR to several people. One of them a close friend of mine was given the financial advice not to invest, and pursue her dreams to study abroad. They created a robust financial plan for her, despite the fact that their advice meant that they earned nothing in the process. I was convinced the people at this company were not after short term financial gain, but rather genuinely had their clients’ best interests at heart.

I would whole heartedly recommend CAGR to any investor. Whether you’re savvy and have everything figured out, or are just a beginner, these guys are the guys to work with for your investment needs. If you believe that the foundation for a company taking care of your investments is trust and empathetic understanding, and CAGR is the place to take your worries too.

Story has been contributed by Ronaan Roy who has been a CAGR client since January 2016. Ronaan is an MBA graduate from IIM – Indore. 

Call / whatsapp us on +91 9769356440 for a free financial consultation!

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I started my mutual fund SIP in just 2 clicks.

Investing in mutual funds has never been new to me. I have always liked to think about creating wealth over the long term. Hence it has never been difficult for me to understand this space.

I have been investing in mutual funds through small SIPs ever since I started working. But after I got married, I wanted some second opinion on creating a well – diversified portfolio for some lump sum amount that I had in hand. That is when one of my friends who also happens to be a CAGR client introduced me to the CAGR team.

They came to my place and we had a very casual yet candid conversation. I told them about my current investments and further requirements that I had. Instead of right away jumping to recommending what funds I should be investing in, they insisted that we talk about goals in general. Since I was just married we did not have much beyond wanting to buy a property a few years down the line. I liked how they don’t talk like typical financial planners or mutual fund agents.

They first explained the basics of financial planning, why ULIPs are not a recommended product (relevant since my husband was invested in a few ULIPs) and then gave a brief of what they do. They showed me their online platform and detailed the advantages of investing online.

Now, I was already investing online. But I still had to resort to different websites and different documents to analyse my portfolio on a whole. Whenever I wanted to check how my portfolio was doing, it seemed like an exercise to me. This is where I got sold to CAGR. They have an amazingly convenient platform where most things happen in just a few clicks. Just as an example, I literally started a portfolio of monthly SIPs in just 2 clicks. While the transaction experience is smooth, it is also quite easy to track the portfolio. Everything is at one place. All I need to do is login to see how much money I have made and what the return is like. I never have to search for multiple statements and spend time on consolidating the data.

For me, the convenience they offer is what appeals to me the most. Also, they are very approachable and available whenever needed. So whenever I have a clarification about anything to do with money, I know which number to dial. While I am all in for digitization of services, I feel that having a face to talk to always helps.

Story has been contributed by Aditi Bajpai who has been a CAGR client since January 2017. Aditi is an MBA graduate from IIM – Raipur and is married to Karan Jenaw (also a CAGR client).

Call / whatsapp us on +91 9769356440 for a free financial consultation!

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4 Ways To Kickstart Your Retirement Savings in Your 20s

If you are fresh out of college with a job, you are one of the lucky ones who has finally “made” it. You have a salary that is expected to pay for all your dreams. But somewhere, there is a risk of losing sight of one favor that you ought to do to yourself – your retirement planning. Kickstarting retirement savings in your 20s is probably the best decision you would take in your life. But even though it is such an important step, most of us graduate quite unprepared for this. We, at CashGyan and CAGRfunds, have always advocated Personal Finance as a mandatory subject that should be taught in colleges but it is not. Fear not! We have listed out three ways you can kickstart your retirement savings in your 20s.

Save 10% of your salary

When you are just starting out, you start out pretty much with a clean slate. Except maybe an educational loan. You are at a stage where you have the luxury of planning for your life’s oncoming big expenses like higher education and wedding. This means you can better plan now for how much you want to save for retirement. It is recommended that you save 10% of your salary exclusively for retirement. Set up auto-transfers to ensure that you don’t forget moving the money every month. This could be a monthly SIP that could earn you higher interest rates or just plain transfer to another account.

Save For Emergency

Apart from retirement, ensure that you are saving separately for an emergency. If you are not saving for an emergency, you are bound to dig into your other savings. Oftentimes, we don’t have exclusive savings for an emergency. It is important that you separate it out to avoid dipping into it for expenses. It is recommended that emergency savings should be three to six months of your salary. Goal-based investing is a smart way to get this started and if you go for short-term plans, the money is accessible immediately when needed.

Invest Now

As it goes in life, the 20s is the best time for taking bigger financial risks as well. So, go ahead and get yourself educated in the fundamentals of investing in the right way. There is also a steadier, lesser risk option of investing in Mutual Funds. Instead of your money lying around in bank accounts earning minimal interest rates, make it work for you. Investing in mutual fund is now convenient, seamless and technology friendly with companies like CAGRfunds. More importantly, it guarantees returns, in the long run, making consistent investment an attractive form of retirement savings.

Start an NPS account

According to pfrda.org, an NPS is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings account. Starting with a minimum annual contribution of INR 6000, the funds contributed by you are safely invested as per the PFRDA investment guidelines by the PFRDA registered Pension Fund Managers (PFM’s). Utmost care is taken to ensure that contributions are not affected by the market fluctuations and the amount is protected. These contributions are locked up until the age of 60 years. Even better, NPS under Section 80CCD (1b) provides a further deduction of INR 50,000 for tax saving purposes.

Achieving financial independence is a remarkable milestone that is worth celebrating. But true financial independence is achieved when you do not have to worry about times when you may not have a steady income. Retirement comes at a delicate age where you would have more than one financial obligations and medical expenses don’t make it any easier. Also, life expectancy has been increasing along with the desire to retire early. This means one is expected to live for 20-30 years without a source of income. So, think out of the box and kickstart your retirement savings in your 20s. Your older self would thank you!

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How Smart Undergrads With New Jobs Are Saving Money To Study Abroad

While a lot of friends around you are satisfied with their new first job, you have your eyes set on something greater. You want to go for post-graduate studies in the best of colleges world wide. You are studying hard for your GRE or GMAT and you know that a score or an interview is not your biggest hurdle to land a seat in the esteemed international university. It is a big, fat wad of cash that would pay for your education. While an education loan is a pretty common option to go for, there are numerous ways to cushion your study abroad by planning in advance.

 1. Budget and stick to it

Budgeting is a sign of a healthy financial lifestyle and should be done irrespective of higher education plans. But if you do have a goal of saving money to study abroad, it is essential that you get on with budgeting. Plan your monthly expense, and then plan your budget around it. You can start planning with a spreadsheet or the numerous apps that are available now. The key of course, is to actually stick with it.

2. Grow your Money through SIPs in Mutual Funds

While we are on the topic of budget, one of the best ways to save some money without worrying about forgetting is setting it up to an auto-save mode. SIPs (Systematic Investment Plans) allows you to invest small monthly payments in mutual funds and these could be set up to deduct from your account directly. The rate of return on mutual funds is much higher than say, recurring deposits and if invested in tax-saving mutual funds (ELSS), then you can even save some on tax filing! Do we have to mention how satisfying it feels to see the money grow? Talk to your trusted financial adviser today.

3. Cook more at home

You probably are thinking when did we switch from saving to kitchen tips but have you ever tracked how much money you spend on eating out? It doesn’t matter whether you eat at a decent restaurant, or at the dhaba wala, the prices have soared significantly thanks to inflation. You can save considerable amount by cooking at home. A side benefit to cooking at home is good practice for your dorm life later when you actually move abroad for your studies. And really how bad could it be?

4. Invest with a goal in mind

Now that you are making some real savings with a good plan, how about investing them in mutual funds? Goal-based investing with mutual funds is a safe way to dip your toes in the world of investing. Plus, you are at a perfect age to get riskier with your money than anyone else older than you! Companies like CAGRfunds regularly help achieve financial goals through expert advice. Technology has made investing an almost hands-free experience.

5. Keep no credit cards

Or maybe just one for emergencies. Credit Cards are notorious for making us feel rich when we are not. The best among us have succumbed to the lure of the shiny new thing at the mall because credit card hai na. It is important to not let the plastic card ruin our lives with unplanned spending. While spending with the credit card doesn’t feel a pinch, the bills would definitely pack a punch!