Mutual funds are a tax efficient way of making your hard earned money and savings grow. Mutual funds are a suitable option for those who do not have the knowledge to invest directly in stocks. But mutual funds are not a preferred investment mode for the majority of investors in India as they are either not familiar with them or find them too difficult to understand.
If you are amongst them, here is a primer that should help you step into the world of mutual funds with ease.
1. GETTING STARTED
Initially, there are a few one-time pre-requisites that must be completed before you invest in a mutual fund. You need a bank account and also you must be KYC compliant. The facility of e-KYC is also available now for the small investors so that they do not need to submit any physical forms. The investors also need a PAN card and AADHAR number.
2. CHOOSING FUNDS
Mutual funds are there to simplify the investing job for you. But, picking the right funds can become tedious, given that you are provided with more than 2,500 fund schemes to choose from. So here are the decision points you will come across and here’s how you can make the right choices with ease.
- DEBT OR EQUITY?
This is also known as the asset allocation decision. Hereby you select whether and how much you should be investing in fixed income giving securities versus equity shares.
The debt funds offer steady but low returns. They are opposite option to meet short term goals capital preservation assumes precedence over return potential.
In the equity funds, you can invest the money in shares which can make far higher returns but can also flicker much more in the short term. They are ideal for time horizons of five years or more.
- WHICH FUNDS?
Once you have chosen your debt-equity allocation, the next step is to pick the specific fund(s) within the debt or equity categories. Keep in mind not to pick mutual funds randomly or on the advice of a friend or a relative. Rather go for the funds that have performed well consistently over the long-term instead of the season’s chartbusters.
- HOW MANY?
You portfolio gets diversified across 40-50 stocks even by investing in a single fund. 2 or 3 funds from various fund houses are ample to provide adequate diversification. With a huge variety of funds you may just end up repeating your existing holdings.
- DIRECT PLAN OR REGULAR PLAN?
Every mutual fund provides a direct plan & a regular plan. They are similar except for the fact that a direct plan charges lower annual expenses (lower by around 0.75%-1% per annum in case of equity funds) because it does not pay the distributor fee or commission.
In direct plan, the investors need to do everything on their own. Since it is a ‘do-it-yourself’ service, investors need active tracking, rebalancing, switching funds etc. which can be overwhelming for a beginner.
- GROWTH OPTION OR DIVIDEND OPTION?
It is better to go with the growth option if you do not have any specific necessity to get part of your money returned in the form of dividends. This will make sure that your fund’s returns make the most of compounding.
3. BUYING FUNDS
Now that you are familiar with choosing the funds, let us go ahead and buy them. You can either buy the funds directly from a fund house or through an intermediary.
In case of direct investment of funds, you need to submit filled forms, cheques, etc. at investor service centers of the mutual fund houses. Or you also have the option of investing online at the websites of the mutual fund houses.
If case of intermediary, the investors can go for banks, financial advisors, distribution companies, or online portals.
Now you need to see how much to invest and at what frequency. Now you have two options- lump sum investment or Systematic Investment Plans (SIP). Lump sum is investing the entire money at one go whereas the SIP allows you to invest a fixed amount at a fixed frequency (generally monthly). For instance, if you want to invest Rs 1 lakh, you may invest the entire amount in lump sum or you may create a monthly SIP with each instalment of Rs 10,000 over a 10-month period.
4. MONITORING YOUR INVESTMENTS
The investors should always keep a track of how your investments are carrying out. But do no overdo it. Reviewing your investments once a while is all you need to do. With the modern technology you can constantly remain updated about the ups and downs of the market. Do not be swayed by them.
5. HOW AND WHEN TO SELL
The investors should consider selling your funds only under two cases:
- POOR PERFORMANCE
If your fund’s performance is consistently dropping, you should consider carefully whether or not you want to keep it in your portfolio. But, do not let a single month’s performance change your mind. You must take a longer term perspective on this.
- MEETING YOUR FINANCIAL GOAL
In case of equity funds, you should withdraw the amount steadily. Hence, as your planned goal approaches, quit your equity funds over 2-3 years and move your money into debt funds. This gradual withdrawal of funds is necessary to prevent getting severely impacted by any sharp declines in equity markets right at the last moment. In case of the debt funds it is fine to withdraw your all money in one go.
At the end, you should keep in mind the tax implications while selling your funds.
If spin bike constitutes a significant part of your work out, you would want to do it the right way so that your fitness goals are achieved in a short time. There are ways you can make the most out of your spin bike.
The first step to making your exercise worthwhile is to do proper settings of the spin bikes. If you ignore this part, you may not get the desired result and sometimes end up with aches and bruises. So here are a few ways you can adjust the position on the bike.
Manipulate the height of the spin bike
Position yourself on it. Notice if the height is sufficient for you to be able to paddle comfortably. You should not be tip toeing the paddle when you push downwards. Adjustments can be made in saddle height or handle bar. It depends on the model of the spin bikes. Some of them allow the forward and backward movement of the seat.
Alter the saddle angle
Don’t tilt the nose way too downward as it may slide you off while exercising. Initially, some of the spin bikes may have this configuration by default. Change it. The angle should be such that it is able to support your body weight and you are able to attain a neutral position.
Positioning the Handle bars
See if you are able to slightly bend your elbows when holding the handle bars during the ride. Having it a notch higher in position can reduce the chances of neck pain.
Put on the pedal clips/ straps
Some people might not pay much importance to this but it helps in improving efficiency. Attach the pedal clips or put on the straps (whichever you have) firmly as they produce smooth cyclic motion for each pedal stroke. If it doesn’t take much effort in pushing down or pulling up the pedals, you are good to go. Also, try to reduce the motion of ankles.
Control the Resistance
If you want your workout to pay off, then add resistance by tuning the resistance knob. It will engage more muscles in the workout like your hamstrings and glutens and help you tone up much faster.
Other than making correct configurations in your bike, you need to make corrections in your own posture to do it the right way. Here are some quick tips you can follow to efficiently practice your workouts on the spin bike.
- Your shoulders and hips should be in the same line
- Have you body weight balanced over the whole saddle rather than pushing forward as it may put more tension on your shoulders giving a cramped position.
- Engage your core. Rather than making your limbs work, let the force come out from the inner central point of your body.
- Do not lean over the handle bars or rest on them.
Last but not the least, make it an enjoyable experience rather than aggressively paddling through. This psychologically helps to increase stamina. This was all about How to use spin bike efficiently. Happy riding!
Solo — Universitas Sebelas Maret (UNS) Surakarta mengelar pelatihan penulisan Buku Teks yang Diterbitkan. UNS Press sebagai penyelenggara kegiatan yang berlangsung di ruang Sidang 2 Gedung Prakosa, Kampus UNS, Kentingan, Jebres, Solo.
“Kegiatan UNS Perss ini menghadirkan narasumber pakar penerbitan dan penulis senior dari IPB Press, Dr Elang Ilik Martawijaya dan Kepala BPU UNS Dr Ir Eddy Triharyanto,” ungkap Ketua panitia Abdul Haris Setiawan kepada wartawan, di Kampus UNS, Solo, Jumat (20/10).
Pelatihan ini, kata Haris, memberikan panduan penulisan buku teks yang diterbitkan, terutama buku teks ilmiah yang berbasis penelitian, meningkatkan kemampuan menulis dosen dan meningkatkan produktivitas penerbitan buku yang berkualitas. Kegiatan ini bertujuan untuk meningkatkan produktivitas penerbitan buku UNS Press yang naskahnya bersumber dari dosen UNS dan mendorong dosen UNS menulis buku bukan hanya bersifat kalangan sendiri tetapi bagaimana buku hasil karya dosen tersebut bisa di jual untuk umum.
“Sebagai Penerbit dan percetakan Perguruan Tinggi dengan usia 28 tahun, UNS Press selalu mendukung kinerja Universitas di bidang penerbitan dan percetakan,” ujarnya.
Lebih lanjut Haris mengatakan, dalam mewujudkan percepatan UNS menuju Wordclass University, UNS Press memfasilitasi pelaksanaan Tri Dharma Perguruan Tinggi dengan mempublikasikan aset intelektual perguruan tinggi kepada masyarakat luas baik nasional maupun internasional. Dalam beberapa tahun terakhir, kegiatan penelitian dan pengabdian dosen UNS meningkat cukup pesat.
“Hal ini sejalan dengan semakin besarnya dana penelitian dari luar UNS yang berhasil dimenangkan kompetisinya oleh para dosen, baik dari Kemenristekdikti maupun dari institusi lain,” ujarnya.
Peserta pelatihan ini berasal dari dosen-dosen UNS. Pelatihan ini memberikan panduan penulisan buku teks yang diterbitkan terutama buku teks ilmiah yang berbasis penelitian, meningkatkan kemampuan menulis dosen dan meningkatkan produktivitas penerbitan buku yang berkualitas.
Rabu, 14 Desember 2016, Uns Press menyelenggarakan bedah buku di Ruang Sidang I Lantai I gedung LPPM, UNS. Acara bedah buku kali ini dibuka secara langsung oleh Wakil Rektor IV, yakni Prof. Dr. Widodo Muktiyo. Adapun buku yang dibedah, yakni buku Prof. Dr. Mugi Rahardjo, M.Si yang berjudul Ekonomi Moneter dan dibedah oleh Prof. Dr. Yunastiti Purwaningsih. Buku kedua, dr. Rivan Danuadji, M.Kes., Sp.S sebagai editor buku berjudul Neurologi Untuk Kedokteran Umum yang dibahas oleh dr. Yetty Hambarsari, Sp.S., M.Kes.
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Peserta bedah buku ini meliputi kaprodi D3, D4, S1, S2 Fakultas Kedokteran, D3, S1, S2 Fakultas Ekonomi, S1, S2 Pendidikan Ekonomi, dan mahasiswa. Dengan diselenggarakannya acara bedah buku kali ini, UNS press berharap UNS Press dan Bookstore sebagai upaya meningkatkan budaya baca dab memperluas jaringan pengguna atau pelanggan UNS Press. Bedah buku tahun 2016 merupakan kegiatan yang ketiga kalinya dan menjadi kegiatan rutin UNS Press sejak 2014. Mahasiswa maupun dosen sangat mengapresiasi adanya acara ini. “Saya salut dengan adanya bedah buku ini, saya tidak menyangka kalau kita mempunyai percetakan yang sangat bagus, yaitu UNS Press” kata Alfian, salah satu peserta bedah buku, mahasiswa FEB UNS.