Gyaan guroovaar

Tips to stay wealthy and financially fit in 2023

Its resolutions time! This new year, make a resolution to stay wealthy & financially fit. Here are some tips:

• Make savings a priority and spend within your means
• Plan your financial goals and determine risk appetite
• Consult a Financial Advisor once a year for portfolio performance review
• Create a safety net of 12 months of expenses as per your circumstances
• Keep a comprehensive list of all asset details. Also ensure to update bank account details, keep one common email address & contact details, update nominee details
• Ensure you have adequate term insurance/family floater cover
• Stay committed and use Systematic Investment Plan (SIP) to beat volatility
• Invest in well-regulated products with potential to beat inflation
• Diversify your investment portfolio across various asset classes
• Refocus on your goals periodically
• Eliminate debt, never live on credit
• Draft a Will to distribute your wealth among your successors

So, as you look ahead to the New Year, take a moment to gain a fresh perspective on your investments. Then plan ahead to meet your financial goals and prepare for unexpected events. After all, your hard earned money deserves to earn you more!

Stay Invested, Stay Wealthy

Source: HSBC Mutual Fund

An Investor Education & Awareness Initiative

Investors should deal only with Registered Mutual Funds, to be verified on SEBI website under Intermediaries/Market Infrastructure Institutions". Refer to www.assetmanagement.hsbc.co.in for details on completing a one-time KYC (Know Your Customer) process, change of details like address, phone number etc. and change of bank details, etc. For complaints redressal, either visit www.assetmanagement.hsbc.co.in or SEBI's website www.scores.gov.in. Investors may refer to the section on ‘Investor Education’ on the website of Mutual Fund for the details on all 'Investor Education and Awareness Initiatives' undertaken by the AMC.

Disclaimer: This document has been prepared by HSBC Asset Management (India) Private Limited for information purposes only and should not be construed as i) an offer or recommendation to buy or sell securities referred to herein or any of the funds of HSBC Mutual Fund; or ii) an investment research or investment advice. Investors should seek personal and independent advice regarding the appropriateness of investing in any of the funds, securities, other investment or investment strategies that may have been discussed or referred herein and should understand that the views regarding future prospects may or may not be realized. This document is intended only for those who access it from within India and approved for distribution in Indian jurisdiction only. Distribution of this document to anyone (including investors, prospective investors or distributors) who are located outside India or foreign nationals residing in India, is strictly prohibited.

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