Gyaan guroovaar

AS WE BEGIN A NEW FINANCIAL YEAR 2024-25…

With each financial year passing by, we get many things to learn/ add to our experience. As we start a new financial year, here are some learnings from past, for a better future.

Importance of Emergency Fund: Everyone should have an Emergency Fund covering at least one-year expenses, as we cannot predict health, personal, business emergencies.

Prioritise Needs over Wants: Over-leveraging oneself is an imprudent choice. Too much debt/ EMIs/ Credit card bills to be addressed on priority.

Goal Based Investment: Identify your financial goals, invest accordingly.

Adapt to Technological changes: Upgrade to ensure business continuity - be it personal or professional. Digital transactions, UPIs, Audio/ Video Conferencing are the way forward.

Asset Allocation: Have a goal-based investment strategy and allocate your assets according to financial goals as per your risk appetite.

Plan your Taxation smartly: A tax-saving plan at the start of the year will put you in a better position to estimate cash flow and liabilities that will be due in the coming months.

Time in the Market is important: In Equity investment, the investors who stay invested throughout the market cycles, reap the maximum benefits over the long term.

Stay at the top of your personal finances, have great balance sheets, stay invested, stay profitable. Have a great FY24-25!

An Investor Education & Awareness Initiative by HSBC Mutual Fund

Visit https://grp.hsbc/KYC w.r.t. one-time Know Your Customer (KYC) process, complaints redressal process including SEBI SCORES (https://www.scores.gov.in). Investors should only deal with Registered Mutual Funds, to be verified on SEBI website under Intermediaries/Market Infrastructure Institutions (https://www.sebi.gov.in/intermediaries.html). Investors may refer to the section on ‘Investor Education’ on the website of HSBC Mutual Fund for the details on all ‘Investor Education and Awareness Initiatives’ undertaken by HSBC Mutual Fund.

Document intended for distribution in Indian jurisdiction only and not for outside India or to NRIs. HSBC MF will not be liable for any breach if accessed by anyone outside India. For more details, click here / refer website.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.