top funds

Wondering where to invest? Top 3 funds in 2019 with >18% past returns

“Return Kitna Milega?”

How much returns will I get? Is this the first question that you ask your relationship manager at a bank or your financial advisor? Are you postponing your mutual fund investments due to lack of a ready-made list of highest return yielding funds? If so, you have arrived at the right place.

MyWay Wealth’s research methodology is powered by proprietary scientific-financial models & historical market data while ensuring an excellent track record not just in past 3-5 years but also in both bull & bear markets. These are the top 3 mutual funds (for three different risk appetites: high, medium, low) based on past performance, that yield more than 18% returns:

Fund name & ReturnsIdeal audience
SBI Small Cap Fund (Gr/Dir)
★★★★★

+20.32% (Past 5Y Returns)
Small-cap fund for investors who expect more returns at a higher risk.

Recommended investment duration: minimum 5 years.
Mirae Asset Emerging Bluechip Fund (Gr/Dir)
★★★★★

+19.13% (Past 5Y Returns)
Multi-cap fund (invests in small+mid+large cap companies) for investors with moderate risk appetite.

Recommended investment duration: minimum 3-5 years.
IDFC Government Securities Fund-Constant Maturity (Gr/Dir)
★★★★★

+20.71% (Past 1Y Returns)
Gilt (debt) fund for investors with low risk appetite.

Recommended investment duration: minimum 1 year.

As an example, if you started a SIP of just Rs. 5000 in any of these 3 recommended funds 5 years ago, then today your corpus would be worth Rs. 4.88 lakhs (for a total SIP deposit of just Rs. 3 lakhs). That’s Rs. 1.88 lakhs in returns in 5 years!

unsecured loan

Remember these points before you apply for an unsecured loan

A number of people have taken loans to finance the major events of our lives. One must have Several people take loans to finance the significant events of their lives. One must have taken a loan for buying a car/ house/daughter’s marriage or paying for a medical emergency. We all know this thing that taking a loan helps us to circumvent our lack of large sums of liquid cash. Sometimes there are circumstances when we are not able to repay our loan EMI on time. The inability to repay a loan can lead to the unaccepted relationship between the borrower and the lender. Such a situation needs active management.
Don’t miss out on these reminders when you apply for a loan.

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Direct vs Regular

Earn upto 1.5% more returns with Direct Plans, find out how!

Do you search for online restaurants that offer home delivery at zero charges? Even Direct Plans of Mutual Funds charge 0% commissions.

Every mutual fund has 2 variants: Direct and Regular Plans:

  • In Regular Plans, mutual fund intermediaries charge 0.5-1.5% as commissions or distribution fee.
  • On the other hand, Direct Plans eliminates the brokers/intermediaries and thus charge zero commissions. Instead, this is reflected back in your portfolio in the form of 0.5-1.5% additional returns.

Let’s have a look at the returns from a one-time lump sum investment of Rs. 2 lakhs in Direct and Regular plans for 20 years:

Direct vs Regular example

Assuming a Regular plan of a specific mutual fund with ~15% returns, we will get upto 9.6 lakhs extra returns in the Direct Plans of the same fund (thanks to additional 0.5-1.5% returns combined with compounding effects in the long-term).

Start your investment journey with “Build Wealth”:

“Build Wealth” feature on MyWay Wealth is powered by proprietary Smart Recommendation Engine (backed by robust research methodology, scientific-financial models & historical market data). This engine recommends funds specifically for your personal financial goals and risk appetite while ensuring that the recommended funds have an excellent track record (for past 3-5 years as well as in both bull & bear markets).

Check out the funds recommended by Smart Recommendation Engine:

mediclaim

What is Mediclaim Insurance/ Mediclaim Policy?

Media claims are the part of health insurance that acts as “a shield” against your medical expenses and also provides protection against unseen happenings in the future. You can avail the benefits of the policy by paying the cost called “Premium.” This plan comes with a defined tenure, after which you have to renew it.
Do not let hospital expenses to drain your pocket. Compare with different policies that are available in the market and make informed decisions.
Mediclaim policy is a general hospitalization benefit offered by both private and public sector insurance companies in India. This policy will cover all the below-given situations:

  1. Covers accident cases
  2. Covers sudden illness cases
  3. Covers surgery cases during the policy tenure

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unsecured vs payday loan

An unsecured loan vs. a payday loan

Unsecured loans and Payday loans are used to pay the expenses or purchases that you might not be able to afford. We all know that it’s sometimes hard to predict when a sudden need for cash will arise.
Unsecured loans and payday loans represent two different approaches to obtaining extra cash in terms of loan size, loan period, cost, and qualifications.

Unsecured loan

An unsecured loan is a loan that is not backed by collateral to guarantee the repayment. Unsecured loans are given on the creditworthiness of the person. The creditworthiness of the borrower is assessed based on the five C’s of credit: character, capacity, capital, collateral, and conditions. Examples of unsecured loans are credit card purchases, personal loans, and student loans.

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process health insurance

Steps to get your insurance settled

When we buy a health policy, claim settlement is one area we panic the most. With our assumptions, we think the process is complicated because of the lack of proper awareness; it can indeed be hassle-free.
Today, we shall help you with the process to claim settlement on your health policy.
Claim settlements are done in two ways:

  1. Cashless claims
  2. Reimbursements

Steps for Cashless Claims

If it is a planned hospitalization (a situation where you are aware that after a few days, you need to avail medical treatment), you can go for a cashless settlement. Below are the steps you need to follow:

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Top Rated Mutual Funds

Here is a list of top-rated Mutual Funds that yield >18% returns and are rated 5 stars by Morningstar
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Here is a list of top-rated Mutual Funds that yield &gt;18% returns and are rated 5 stars by Morningstar

CategoryFund detailsReturns (CAGR)Intended for investors with
Small/ Mid-CapSBI Small Cap Fund Direct Plan-Growth
★★★★★
+19.97%- Higher risk appetite and can stay invested for 5 years and
- Wants to invest in small/medium-sized companies.

Invest

Multi-Cap Mirae Asset Emerging Bluechip Fund- Direct Plan-Growth
★★★★★
+19.45%- Moderate risk appetite and can stay invested for 5 years and
- Wants a diversified portfolio by investing in small, medium and large-sized companies

Gilt Medium & Long Term IDFC Government Securities Fund- Investment Plan- Direct Plan Growth
★★★★★
+18.07%- Lower risk appetite and can stay invested for a short period i.e., 1-3 years
- These funds provide returns twice more than a Fixed Deposit can offer you within a one year tenure

What are you waiting for?

Factors influencing the approval of an unsecured loan

Factors influencing the approval of an unsecured loan

It’s not a salary that makes you rich, it’s your spending habits.”
-Charles A. Jaffe.

What is an unsecured loan?

An unsecured loan is a loan that is not backed by collateral to guarantee the repayment. Unsecured loans are given on the creditworthiness of the person. The creditworthiness of the borrower is assessed based on the five C’s of credit: character, capacity, capital, collateral, and conditions. An example is unsecured loans are credit card purchases, personal loans, and student loans.

What are the factors influencing the approval of an unsecured loan?

1. Job-status
A lender or a bank will be interested to know that you are a salaried person or a self-employed person. One should have a steady source of income every month. On the other hand, if you are a salaried person, you have to provide your offer letter from the current organization as well as the salary payslips. In case you are self – employed, you would be asked to show proof of continuity of business and proof of ownership.

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credit_score

Do you have the right Credit Score?

One might require a loan for various reasons. However, it’s also important to know what criteria have to be met to be eligible to get a loan, and one such important factor is your credit score. A credit score is a financial tool that helps to determine the loans you can get and the interest rates you pay. Even Insurers use credit scores to set premiums. So today let’s understand more about a credit score.

Credit / CIBIL score

A credit score is a three-digit number that measures an individual’s ability to pay back the borrowed amount. It is the numerical number that shows the creditworthiness of the person. A credit score by CIBIL ranges between 300-900 and 900 being the highest. A higher credit score offers you several benefits and helps you at the time of getting a loan or a credit card. Having a low credit score means that you are not able to pay back the borrowed sum amount. If you have a high credit score, you are entitled to get discounts on the interest rates. Moreover, a high credit score gives you the additional power to negotiate for better rates of interest on loans.

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Personal Loan

Let’s understand Personal Loan

What is a personal loan?

A personal loan is a multi-purpose loan that does not require any collateral. One can use a personal loan to meet personal expenses and business expenses.

Features of personal loan:

1. Simple documentation process.
A personal loan requires minimum documentation. Your loan can be approved within 48 hours after applying.

2. Flexible tenure.
In a personal loan, the borrower gets flexible tenure of up to 5 years to repay the loan amount, which is preferable than a credit card loan or gold loans.

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