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  • How to achieve your New Year goals

    To achieve your goals, fi rst, break them down into these ordinary steps:

    Step 1: List out all your goals in a smart, practical and achievable way Goal: Vacation to Bali Duration: 5 days & 6 nights Budget: `1 lakh Do this exercise for all your goals and convert them from ‘dreams’ to concrete goals.

    This brings us to fi guring out ways to save up for these goals. And one of the most effective methods would be - Weekend Investment Plan (WIP).

    Step 3: Invest for these regularly The following table explains how you can invest to achieve goals spanning different time horizons.

    Investment Term

    Years Where to Invest

    Benefi ts

    Short-term 3 or less

    Debt Mutual Funds

    • Stability • Liquidity • Low Risk

    Medium- term

    3 - 5 Hybrid Mutual Funds or ELSS

    • Moderate Risk • Steady Returns • Tax Benefi ts

    Long-term 5 or more

    Equity Mutual Funds

    • Higher returns • Tax Benefi ts • Risk Managed in the long term

    Home Improvements

    Trip to Bali

    New Car


    Trip to Disneyland



    World Tour

    One Crore

    Step 2: Set priorities for each goal and club them into Goal Buckets to manage them easily A visit to Bali in 6 months, would be a short-term goal, a trip to Disneyland in the next 3 years would be a medium-term goal and World tour in 8 years will be a long-term goal.

    Medium-term Long-termShort-term

    The path to your future wealth is pinned on your resolve to do better. If you do not follow your resolutions each year, you knock off a chunk of your future wealth.

    WHAT NEXT: In the next story, let's fi nd out why it is important to plan your taxes ahead in time. This content was created exclusively for UTI Swatantra. Visit for more information


    Step 1: Set a realistic goal Say, you want to renovate your house and it would cost you ` 3 lakh. A realistic goal would be to achieve this in 3 years and not the next year.

    Step 2: Implement WIP Now as per the WIP, skip 1 out of 4 weekend plans. You can then invest that money in Mutual Funds through a Systematic Investment Plan.

    Step 3: Start a SIP You can start a SIP online in just a few steps. With SIPs, your money will automatically get deducted from your Bank account at a predetermined date, every month, and get invested in the Funds of your choice.

    Step 4: Watch your money grow Mutual Funds are handled by professionals. So, you can just sit back and watch the power of compounding and rupee cost averaging multiply your money.

    Thus, with the WIP, you will not only have money for your goal but also have extra money for entertainment and leisure.

    WIP or Weekend Investment Plan is an investment strategy where you renounce a regular expense and direct that amount towards investments. There are lots of every day scenarios where you can apply this strategy to increase your investments. For example, if you eat at good restaurants every weekend with your friends or family, you can consider skipping it once a month. Do you watch a movie every Friday? Skip a week and use the amount to invest for your future. Here’s how you can do it:

    For more details, follow us on Twitter @utimutualfund; Email queries or suggestions:

    Please mention ‘Swatantra in TT’ in subject line. For more such fi nancial advice, head to our website:

    In the next edition: This New Year, wish yourself a prosperous life. After all, in the upcoming edition, we are going to look at 10 mantras to achieve financial freedom.

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

    For more useful money management tips, tune in to UTI Swatantra Facebook Live on 2nd January 2020 from 5 pm onwards and catch the show on ‘Dear Millennials, let’s talk money’.

    Disclaimer: To know about the KYC documentary requirements and procedure for change of address, phone number, bank details, etc. please visit Please deal with only registered Mutual Funds, details of which can be veri� ed on the SEBI website under “Intermediaries/Market Infrastructure Institutions”. All complaints regarding UTI Mutual

    Fund can be directed towards and/or visit (SEBI SCORES portal). This material is part of Investor Education and awareness initiative of UTI Mutual Fund.

    RESULT In the last edition, we asked you - Do you think saving with a specifi c goal in mind is more effective than saving without a goal?

    EXPERT OPINION When you save towards specifi c goals, you devise savings and investment strategies to achieve the goal in the most effi cient manner. On the other hand, if you save without a specifi c goal in mind, you can tend to withdraw money from the corpus for each and every fi nancial requirement. This can deplete your bank balance in the long run.

    YES 54%

    Here's how you voted

    NO 46%

    READER'S POLL Do you think one should begin investing for their fi nancial goals right from their fi rst paycheck?

    Share your answer via SMS. Type PollYES or PollNO to 5676756. In the next edition, you can fi nd out how many people agree with you.YES NO

    I have started investing via mutual fund for the past few months, but I fi nd it diffi cult to keep a track of the performance. How can I track it?

    Your fi nancial portfolio helps you reach your fi nancial goals , and as an investor it is imperative to review and rebalance it periodically. Like every other dictum, this too is more than often ignored which can be a major setback in achieving your fi nancial goals. The purpose of a review and rebalance is carried out to keep your investments from drifting away from the fi nancial target you initially set. Additionally, changes in market lead to a dip or rise in the value of your assets thereby making your portfolio too risky or conservative. Not staying updated in a scenario like this puts you in a disadvantage. Or in another scenario, you might have chosen to change your fi nancial goals. Be it all three of the above, it is necessary to reassess your asset allocation, keep it in sync with your risk profi le.

    GURU SPEAK Bhaskar Sinha Financial Advisor

    Rohit Jain Founder and CEO, Rubicon Finservices

    I appreciate your decision of investing in Mutual funds at a young age of 25. There are

    various mutual funds available like debt funds and equity funds. Equity funds can be further classifi ed into Large Cap Funds, Multi Cap Funds, Mid Cap Funds, Small Cap Funds based on market capitalization. According to SEBI Large cap funds should invest at least 80% of their total assets in Large Cap Stocks , Midcap funds- at least 65% assets in Mid cap stocks, and Small Cap funds- at least 65% of assets in small cap stocks. Multicap funds invest across Large,Mid and Small cap stocks.ELSS funds are also equity funds which have lock in of 3 years and provide tax exemption under section 80C.For you I would suggest you divide your investment equally between a Multicap fund and an ELSS fund for best tax adjusted return in the long term.


    EXPERT SPEAK A reader asked us: I am 25 years old and I want to start investing from the beginning of the New Year. I can invest `8,000 per month. My risk appetite is moderate. Please advise what type of mutual funds I can select for my portfolio.

    Scan this QR code to calculate the amount you need to invest to achieve all the milestones you have set for yourself

    SIP can make your New Year happy and secure. It is never too late to work

    towards your goals; start today!

    What is Weekend Investment Plan

    Follow these simple steps and you will be on the right track to achieve all your goals. When you look back at the end of the year, you will be amazed at the extraordinary fi nancial journey you have taken.

    Vacation Home



    Scuba Diving

    LE AR

    N T EN

    NI S


    `1crore Retirement

    Mo un

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    ee rin

    gNEW CAR


    HO ME


    PR OV

    EM EN

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    Ba li Art


    Own House START-UP


    Financial Independence


    You may dream of embracing retirement much before 60, but do your fi nances support your wish? Retirement not only means loss of income but also means additional expenses such as medical expense. Thus, you must have enough funds to enjoy the second innings of your life without any fi nancial worries. And for this, you need F.I.R.E!

    What’s F.I.R.E? F.I.R.E stands for Financial Independence Retire Early. This concept revolves around the idea of making lifestyle changes so that one can be fi nancially independent and retire early. Naturally, this calls for saving and investing regularly.

    How can Mutual Funds help in achieving F.I.R.E? ● To be fi nancially free, you must be a disciplined saver and

    investor. ● Mutual Fund Systematic Investment Plans (SIPs) not only help

    you save regularly but also help you build wealth. Here’s how:

    Age 25 years Retirement Age 45 years Investment Tenure 20 years Required R


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