Gold or Mutual Funds?

Gold or Mutual funds ?

As women, we love to show off our jewelry as they define our social status, lifestyle and earning capacity. Weddings, anniversaries or Akshaya Tritiya, we rush to get our favorite ornament made of gold. Why?
We hear our moms and grandmoms say, “Buy Gold, it would help when you are in need of money”. Meaning, traditionally Gold is not just a piece of jewelry but is considered as an investment.
Then why does the business magnate, Warren Buffett, does not invest in Gold?
He says: “It doesn’t do anything but sit there and look at you.”

They say investments in Mutual Funds fetch better returns. Do I choose Mutual Funds or Gold? Which one’s better?
Let me list down the differences between the two, that will help answer the above question and help you to make the right choice.

 

Investment in Gold

Investment in Mutual Funds

  • Gold is not affected by market conditions.
  • The process of investing gold and managing investments is an individual’s responsibility.
  • Fear of theft or loss of purity is more as Gold is a physical asset.
  • Diversification can happen only if one chooses to invest not just in Gold, but in silver, or other mining products.
  • Value of Gold is more hence the amount you invest in Gold would naturally be high.
  • Gold remains to have the same value unless someone buys it at a higher price.
  • Gold incurs making charges and wastage
  • Mutual funds are affected by market conditions so there is potential to earn higher returns.
  • Mutual Funds are handled by Professional Fund Managers who perform research and guide your investments in Mutual Funds.
  • Mutual funds are invested in stocks, bonds, or Gold ETFs, they are electronic or online investments.
  • Mutual funds provide the option of diversification as it allows investment in bonds, cash, or commodities like gold and other precious metals.
  • Initial Investment in Mutual Funds can be as small as Rs. 500 Read More: Let your money grow
  • Mutual Funds have no such charges, in fact, investment in Direct Mutual Funds don’t even have commission charges.

Does this mean I cannot invest in Gold? No, they are better ways to invest in Gold.

Yes, MyWay Wealth, India’s most trusted app for Direct Plan Mutual Funds, allows you to invest in Gold through Gold Funds, where:

  • There are no making charges, thus it ensures more gold for your money.
  • No Worries about theft and no additional locker is required or safekeeping charges.
  • No purity issues, unlike physical gold
  • You can start investing in gold with as less as Rs. 500.
    Explore: Top Rated Gold Funds
    So switch from Gold to Gold Funds and earn the best returns on your investment.

Start Investing in MyWay Wealth!

MyWay Wealth, your One Stop Destination for Mutual funds

Many people these days want to put their money to work through investments. But most of the time, people hesitate or withdraw from investments because they consider it has a hassle, be it in terms of the paperwork involved and which investment option to choose. Some technically savvy people would want to invest through online investment platforms i.e. through websites or mobile apps but are confused to choose the best platform.
This article helps you solve all these confusions. Yes, MyWay Wealth is India’s most trusted platform for Direct Plans Mutual Funds. It is your one-stop destination for all Mutual Funds because they don’t just provide access to a wide range of funds but also provide funds that suit your investment needs. MyWay helps you choose the right investment option that is based on your financial goal and risk appetite.

Let’s look at more features of MyWay Wealth and what it has in store for you:

 

Get tailor-made funds

With MyWay Wealth’s Direct Plans, you receive fund recommendations only after you have keyed in the amount you can contribute every month, the time period of your investment and other such information that suit your financial goals and needs.

MyWay
Equity, Debt, Hybrid Discover a wide range of fundsInvest in various categories of funds which have consistently outperformed the market. MyWay Wealth’s Smart Recommendation Engine is built on top of scientific financial models and years of historical market data.

Explore Top rated Mutual Fund across different categories

                 Keep track of your funds

MyWay Wealth has “advanced research reports” and “portfolio alerts” that help you remain in touch with your portfolio and make wise decisions.

Invest
Term Insurance Save for a specific purpose

With MyWay Wealth, you can park money for a period between 1- 3 years or you can also save money for a specific goal such as retirement fund, child’s education or wedding, vacation or any such goal.

Save specifically for your retirement

With MyWay Wealth, you can invest in the National Pension System (NPS) and save for retirement and earn more returns than that of PPF.

Read More on NPS: Why is NPS better than PPF?

NPS page
term insurance Secure your family

By investing the same amount as your monthly Netflix subscription, you can get a life cover of 50 lakhs to 2Cr, to support your family in the event of your death..

Read More on Term Insurance: Secure your family with Term Insurance.

Save Tax

With MyWay you can invest specifically in tax saving ELSS Mutual Funds and get a larger share of returns from your investments.

Explore: best tax saving funds with high returns

ELSS
SIP  

  Maintain a disciplined savings habit

With Systematic Investment Plans (SIPs) you can invest small amounts in regular installments and make your savings work better. If you prefer to invest in lump-sum then you can always choose One-time investments.

All this for No Fees and No Commission!. Choose MyWay Wealth app and it would be your one-stop destination to dive into various mutual funds schemes that suit your investment horizon and risk appetite.
Invest now

Think Investment, Think MyWay Wealth!

Is it safe to invest in Mutual Funds?

Safe to invest

I am always amazed at how ants work as a team. Ants always carry huge objects together making it possible for them to achieve their goals and reduces the burden of a single ant.

Mutual Funds use the same ideology of ants. The pool in funds from multiple investors and use this money to purchase various securities in the market such as stock, bonds, etc.

If this was so simple, then why do people fear to invest in Mutual funds and resort to traditional instruments such as Fixed Deposits, Recurring Deposit or leave money idle in Savings Account?

The answer is, Safety!

Let me answer the most common question in the mind of investors:

Is it safe to invest in Mutual Funds?

Investments in Mutual funds are highly safe due to the following reasons:

  1. Diversification

Remember the old saying “Don’t put all your eggs in the same basket”, Mutual funds have definitely capitalized on this quote. Mutual funds wisely invest your funds in various instruments such as stocks, bonds, and other commodities. Thus diversifying the risk that could arise from investing in a single stock.

Read More: Top Rated Mutual Funds Categories

  1.  Reduces Risk

“Mutual fund investments are subject to market risks. Please read the scheme information and other related documents before investing. “ How can it reduce risk?

But imagine if you have to go to the stock market and buy and sell stocks yourself and track companies. Are you free from risks? No, because we are investors not traders. With Mutual funds, your funds are managed by Professional Fund Managers who are expert in financial markets. They make sure your investments are put into well-performing assets and closely choose schemes that suit your investment and risk horizon. They perform regular rebalancing of your portfolio and structure your investment allocation to take complete advantage of market conditions. This also means that in contrast to Fixed Deposits, your potential to earn more returns is higher.

Read More: What is Portfolio Rebalancing?

  1.  Inflation-beating returns.

This is one more reason why I say investing in mutual funds are safe. When you invest your money in Fixed Deposits, your money is locked for a fixed period of time and for a predetermined interest rate. What if during this period the inflation rate is more than the return rates provided by Fixed Deposits? How will you face the rising prices? Mutual funds have a solution for this. The average inflation rate in India is 4% and if you take the past 10 years returns of Mutual funds it ranges between 12% – 16% which easily beats inflation. Thanks to the dynamic stock market.

Read More: Mutual Funds that have provided returns > 15%

  1.      Flexibility

Emergencies such as accidents or health issues are uninvited guests in anyone’s life. One way to face them is to be able to access your money easily. With Mutual Funds, you can sell your funds in a short period by investing in Short Duration Funds. Also, mutual funds allow you to invest and park your money aside for a shorter duration between 1-3 years. This helps you to save money for a goal.

Read More: Short Duration Funds

  1.     A fund for every investor.

Every person is unique, so are your goals and needs. With mutual funds, every investor has a scheme that is drafted specially for him/her. If you are a conservative user then Mutual funds allow you to invest primarily in bonds (Government securities – risk-free) with little exposure to stock (Equities). Say if you are a customer who wants moderate returns and are willing to face more risk, then with mutual funds you can invest 60% in Debt and 40% in Equity. These percentages can vary as per your wish.

Another benefit with mutual funds is that the minimum investment amount is as small as Rs. 500 /-.

Read More: Goal Based Investing

  1.     Tax Benefits

Mutual Funds have a number of tax benefits such as:

  • Schemes such as ELSS (Equity Linked Savings Scheme) provide tax exemptions up to 1.5 lakhs under Section 80(C).
  • National Pension Scheme is a plan that helps investors to save for retirement. With NPS save tax up to 1.5 lakhs every year under Section 80(CCD) and save additionally Rs. 50,000 p.a. under Section 80CCD(1B).
  • Term Insurance, a plan that lets you cover your family in the event of your untimely death and helps you save tax up to Rs. 46,800.
  1.      Safety

Another famous instrument for investing in Gold, Silver or Platinum. But with buying these commodities also comes the fear of losing it to theft or damage of purity. In the case of gold, there is an extra worry about making and wastage charges. But with Mutual funds, you can invest in Gold Funds. These are virtual funds wherein the investor can gain appreciation in Gold value without the hassle of owning physical Gold. Read More: Top Rated Gold Funds

“Everything you want is on the other side of fear”

–Jack Canfield

Stop fearing risk, rather remember to stay invested for a long term and leverage the benefits of Mutual Funds. Begin your investments today with “MyWay Wealth” app.

Think Wise, Think MyWay

MyWay Wealth, a bouquet of Mutual Funds?

bouquet of Mutual Funds

Digital Platforms are gaining rapid pace amongst people today. It’s because of the wide range of benefits one gets while investing in Mutual funds online. These platforms are:

  • User-friendly,
  • Completely paperless,
  • Give precise information,
  • Highlight recommendations,
  • Provide alerts and
  • Have a variety of options with just a few clicks.

“MyWay Wealth” is one such platform. With MyWay Wealth app you get access to a variety of funds that are tailor-made and customized for your needs, making it the one-stop destination for investments in Mutual Funds. Also, MyWay Wealth app is India’s trusted app for Direct Mutual Funds which is best known for its commission-free and paperless process, and it lets you discover, invest and track your investments with the right actions to your portfolio.

Let me walk you through the various options in “MyWay Wealth”, that helps you select the right Mutual Fund according to your investment horizon, risk appetite and financial necessities.

The first thing you need to do is to install the “MyWay Wealth” app from your app store or play store, on your smartphone.  

Once you open the app, it would ask you to enter your phone number. You need to enter the OTP you receive and then you arrive on the landing page of the app.  

screenshots_MyWay

The app immediately gives you an option to switch from Regular Plans to Direct Plans. Direct Plans are commission free, whereas in Regular Plans a Mutual Fund house pays commission to the broker from your investment. It’s wise to invest in plans that are more profitable and beneficial.

Read More: Why Direct Plans are better than Regular Plans?

The first and foremost step you need to complete on “MyWay Wealth” is to register yourself by completing the KYC( Know Your Customer) process which takes less than 5 minutes. To complete this process you would require:

  • PAN card
  • Address Proof
  • Bank details

Having completed this step you are ready to make your investments on MyWay Wealth.

MyWay Wealth provides a wide range of options to invest in, namely:

  • Build Wealth:

MyWay Wealth provides the opportunity to create wealth by letting you invest through Systematic Investment Plans or through One-Time investments, whichever suits your financial goal. The app is well structured to provide you a clear picture regarding the returns one would receive for the amount invested, in a specific period and the choice of percentage between Stocks and Bonds (risk and return aspects).

Read More: SIPs are the best option for investments.

  • Invest in Top Mutual Funds:

MyWay Wealth lets you invest in Equities, Debt Funds, and Hybrid funds. In Equities, it provides a variety of categories such as tax planning, Small/ Mid/ Multi/ Large-cap funds, Sectoral and International funds. In Debt funds, it offers investments in Liquid, Gilt(medium and long), Short and ultra short term funds and credit opportunities. Options in Hybrid funds include Balanced, Arbitrage, and Conservative funds.

Read More: Top Mutual Funds Categories

  • ELSS Mutual Funds:

MyWay Wealth provides for all your needs, that even includes tax saving. ELSS (Equity Linked Saving Schemes). It provides the highest return, at the same time is the only pure equity investment instrument to provide deduction benefits under Section 80(C), saving tax up to 1.5 lakh. Also, ELSS has the shortest lock-in period of 3 years.

Read More: ELSS vs PPF, Choose the best tax saving plan  

  • National Pension Scheme

MyWay Wealth is the first and only online app to provide the benefit of National Pension Scheme for its investors. The National Pension System is a Government initiative, with an intention to provide pension opportunity to every Indian and to inculcate the habit of saving especially for retirement. With NPS you can earn returns between 9-14% which is way more than other pension schemes such as Public Provident Fund or Senior Citizen Savings Scheme.

Read More: Additional 50,000 tax deduction with NPS, truly a gift for my retirement.

  • Term Insurance  

In term insurance, you would pay a set amount as premium on agreed intervals, that forms the sum assured. In the event of your untimely death during the term of the insurance, then your beneficiaries would receive the sum assured. With this option, you can provide a cover of 1 Crore to your family with the same amount you set aside for your monthly TV subscription and also save tax up to INR 46,800.

Read More: Term Insurance, the right choice to protect my family.

  • New Fund Offer (NFO)

NFO is the first time subscription when a new scheme is launched by an Asset Management Company. It has newer opportunities,  unique features, and low NAV. You can be a part of the fund’s growth journey through NFO by investing either in Growth or Dividend scheme.

Read More: What is an NFO?

  • Save for a goal

You are unique, so are your investment goals. With this option, MyWay Wealth app helps you to save for a specific purpose such as Retirement Fund, Child’s Education, Child’s Wedding, Vacation or any such goal. This helps an investor to get into a habit of making a goal based investing.

Read More: Setting goals, the first step to investing.

  • Park Money

This option in MyWay Wealth allows you to keep money aside for a short duration ranging between 1-3 years. Thereby giving the opportunity to retrieve your parked money at the right time and avoiding the temptation of unnecessary expenditure or idling money.

Read More: Put your idle money to work.

  • Gold Funds

We all love to own Gold. For some, Gold a fashion status, for some it’s a good investment option and for some, it’s both. MyWay Wealth allows its investment in Gold Funds, wherein an investor can gain from appreciation in gold value without the hassle of owning physical gold. Unlike physical Gold, Gold Funds has no making charges, no purity issues and no worries about theft thereby ensuring more gold for your money.

Read More: Top Rated Gold Funds

Every Investor has a need, every need leads to a goal and we at MyWay have an investment for all your goals.

Don’t Delay, Just Think Investments

Think MyWay Wealth

What are Mutual Funds?

what are mutual funds

Many of us hear the words “mutual funds”, the first few things that would come to my mind will be the spontaneous message at the end of their advertisements ”Mutual Funds are subjected to market risks. Please read all scheme-related documents carefully”, or the news of the scams that happened in the industry. But what do we really know about Mutual Funds? The textbooks say that mutual funds are the collection of savings taken from various investors and managed by a professional fund manager who deciphers the appropriate channel to invest it and generate high returns.
Did you get it? If you didn’t, don’t worry, we won’t judge you, because that was a smarty-pants answer! Here’s why I understand from what exactly is Mutual Funds and how they work.


What are Mutual Funds?

Each person has a desire to get loads of profit but at the same time do not want the risk of losing anything. Makes sense! That’s human nature.

Imagine you have a bunch of seeds which are sitting on the shelf for a long time. You have no idea about gardening, hence you do not know how exactly to use them. Now consider, there is a farmer who borrows the seeds from you. He says, he borrows seeds from many other people and sows them together. In return, he gives you back a handsome profit once the harvest is done. Now that’s pretty much like a mutual fund scheme. The seeds are the stagnant funds you save up. You give it to the Mutual fund company who collects money from many other people. Mutual funds are like a whole plate of investments taken from people who want to put their idle money to work.

Who is a Fund Manager?

The fund manager is the farmer who knows exactly what he is doing. So he decides the best season in the market to plant your money on different grounds like equity, debt, etc. After planting your money in such investments he must continue to monitor and take care of the growth of your money. He studies the market and ensures the money is safe. When the harvest time comes, you reap the principal and profits of your investment.

Don’t you have to be an expert to invest?

Not everyone needs to be a writer to understand what the book means. In the same way, you don’t necessarily need a degree in finance to get your bearings in the market. Not all those who trade in the market are  Warren Buffet or Azim Premji. But, maybe you can ask experts to use your investment to trade or invest on your behalf. And that is what Mutual Funds are about.

Are Mutual Funds safe?

When it comes to money it is natural to ask this question. Every fund available is different in terms of risk you bear and the returns you could earn. Based on your choice, the fund manager will invest in the ideal funds. Now given the other investments like FDs have retained the faith of safety in the minds of Indian investors, and the quick-money schemes that promised undelivered high returns, Mutual Funds are not considered the “safe” investment option. However, that is not true. While no investment is 100% risk-free, safety with Mutual Funds is assured as no one will steal your money. How come? Mutual Funds are strictly supervised by regulatory agencies like SEBI and AMFI. Mutual Funds are as safe as any bank that holds a Fixed Deposit.

Being old fashioned, our parents would always prefer the money to stay in a fixed deposit, but when you give a try through an app like MyWay Wealth, you will find it simple and safe to use with the SEBI registered investment Advisor (INA200005323).

How to start investing?

The same way you order a bucket of chicken, you can invest in Mutual Funds from the MyWay Wealth App. Follow these easy steps to make your investment:

  1. Complete KYC
  2. Choose your investment goal
  3. Identify in how much time you want to achieve that GOAL.
  4. Register with a Good Investment Advisor.
  5. START INVESTING

Get on board with the glorious idea of mutual funds and be ready to pocket big bucks with MyWay Wealth!

Now invest via UPI on MyWay Wealth

We wanted to share an exciting update with you. In our effort for making the payment experience superior, we have introduced UPI as a payment option on MyWay Wealth. Here is how it works:

  • Install MyWay Wealth app, finish paperless KYC in 5 minutes and choose Top Rated Mutual Funds to invest in.
  • You need to have a VPA (Virtual Payment Address) for your bank account. Once you choose UPI as a payment option, you will be promoted to enter your VPA.
  • A payment request will be sent to your native UPI app (e.g. BHIM, Google Pay, any bank’s UPI app, etc.) and you will receive a notification about the payment request.
  • Pay from the UPI App and return the MyWay Wealth app.
  • Your transaction is successful and you can track the same in the reports section.

We know the value of hard-earned money, and we guarantee absolute peace of mind on your purchases. Signup now to start investing in Direct Mutual Funds, Term Insurance and National Pension System (NPS).

Happy investing!

Reasons to invest in Mutual Funds!

1. Expert advice

The Mutual funds you invest in are taken care of by Experts, who make instant changes in your scheme as per changing trends in the market. Thus you can easily review the growth in your investment.

2. Close Supervision

  • The Companies that deal with your investments are closely monitored by SEBI. Such strict regulations compel companies to make necessary disclosures at regular intervals.

  • Even online platforms, such as MyWay Wealth, require you to complete KYC (Know Your Customer) compulsorily to ensure safety of your investments.

3. Wide range of options:

Your risk appetite is unique and hence Mutual funds provide various funds like: Balanced funds, equity mutual funds, monthly income plans, income funds, and liquid funds to meet your investment goal.

4. Reduces risk

Mutual funds provide you broad exposure to various stocks such as bonds, shares, equities, etc that are carefully selected by professionals further reducing your burden.

5. Liquidity

Mutual funds allows your to convert your investments into physical cash to meet your immediate needs incases of emergency, within 1-3 days.

6. Low Costs:

The transactions costs charged by Direct Plan mutual funds are relatively cheaper than other investments. Install MyWay Wealth, which is a Direct Plan mutual fund investment app to start investing.

7. Planned Investing

Mutual funds help you to maintain a disciplined lifestyle instead of trading based on your fear or greed in the stock market directly, thereby encouraging long term investments.

8. Smaller investments

You can start investing in mutual funds with just Rs. 500.

9. Flexibility

Mutual funds provide you two investing options: regular deposits (SIP) or lump-sum payments.

10. Tax Benefits

Mutual fund provide tax advantages, that you get more profits.

11. Available on apps

You can make investments in mutual funds with just a few clicks using your smartphone. These platforms give advice, track and provide alerts on your investment plans. And its simplified as it is completely paperless.

12. Higher Returns

Since Mutual funds are linked to stock markets you can earn higher returns and beat high prices when compared to traditional instruments such as Fixed Deposits.

If 12 reasons couldn’t convince you to invest in mutual funds, I don’t know what will! Signup now to start investing:

Accomplish more with MyWay Wealth’s Advanced Research Reports!

We are excited to announce the launch of our newest feature – Advanced Research ReportsThese reports are the perfect companion for investors to take a well-informed decision, and make the best returns from investments.

Key highlight:
Portfolio Analysis

  • Detailed analysis of the fund’s portfolio and sector exposure.
  • Check out top holdings and more.

Performance Analysis

  • Return analysis across multiple investment periods.
  • Index VS Fund Growth

Risk Analysis

  • Category Risk and Return matrix
  • Various other risk indicators like alpha, beta and more.

We hope that you will like this new feature of your MyWay Wealth app, and make the best out of it. Click here to download MyWay Wealth app to start investing in Direct Mutual Funds, Term Insurance and National Pension System (NPS).

Alternatively you can signup online to start investing:

Advanced Research Report

ZERO COMMISSION. ZERO FEE. ZERO PAPERWORK.

 

 

 

Are you concerned about the 3Ss of your investment? Secure, Safe & Smart!

Money growth in your secured platform

People often hesitate to invest on digital platforms because of security and trust issues.

Don’t worry, investing with MyWay Wealth is 100% safe and secure.

Here is how we ensure safety and security:

  • 256-bit Secure Socket Layer (SSL) encryption
  • All payments are routed via BillDesk (PCI – DSS Compliant)
  • All orders are executed via Bombay Stock Exchange (BSE)
  • MyWay Wealth is a SEBI registered Investment Advisor (INA200005323)

Also, we have built smart fund recommendation to suit your investment goals and style.

The complete digital platform makes investment very simple and you can start right away. To begin with, you would need

  • PAN Number
  • Date of Birth

It would hardly take 30 seconds to complete the first step. What are you waiting for? 

Don’t let your money go, let it grow!

Dear Customer,

Time becomes more precious when it comes to investments for the future. Don’t delay, here are 4 good reasons why you shouldn’t delay mutual fund investments.

1. Risk Horizon

Higher the risk, higher the return, so better to start young when you have a large appetite for risk.

2. Cost of Delay

Each month delay in a monthly SIP of Rs 10,000 (for 30 years) could cost 2 Lakh per month. (CAGR ~ 18%*).

(more…)