Want to know how PM Narendra Modi’s BHIM-Aadhaar App will change your life?

Prime Minister Narendra Modi Formally launched the Aadhaar Pay on the birth anniversary of the Father of Indian Constitution Dr Bhim Rao Ambedkar which may change the payment sector in India. It is a biometric-based payment system which will enable you to make payments with the help of thumb impressions. PM Modi had talked about the Aadhaar Pay, for the first time on New Year’s eve, on December 30.

After the November 8 announcement to scrap Rs 15.44 lakh crore of high value notes, the Modi government has rolled out scheme after scheme to dissuade Indians from dealing in cash and switching to digital transactions.

In December 2016, Modi launched the BHIM app for facilitating electronic payments by consumers. In March, the government launched Aadhaar Pay, a new Android-based smartphone app.

Meanwhile, this new app will be available in many new languages including Bengali, Gujarati, Malayalam, Tamil, Odiya, and Telegu. Moreover BHIM App will also have a new feature of spam report. Using this, you can block unwanted and unknown payment requests.

Do you think BHIM Aadhaar app will help PM modi to fulfill his dream of cashless economy ?

Do India needs this app?

Yes It will be the platform for traders along with two incentive schemes on April 14, to push Indians towards a “less-cash” economy and curb black money generation..

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(Now,Link Aadhaar Card and PAN Card.)

Let us discuss about the benefits of BHIM-Aadhaar App

First question arise on our minds as a common man How will Aadhaar Pay work and how it will make our life easier? Traders can download the app from play store or iTunes. After that, they can log in with their Aadhaar number using the fingerprint scanner. Once the app is validated, traders can use it to take payments. The Aadhaar Pay is expected to make people’s life easier and less dependence on credit or debit cards and reduce cash transactions. 

How to use the BHIM App and what are the benefits? 

Traders can download the app from play store or iTunes. After that, they can log in with their Aadhaar number using the fingerprint scanner. Once the app is validated, Traders can use it to take payments. Customers do not need a debit card or credit card for payments through Aadhaar Pay. Also, Aadhar Pay would end the need to have an internet connection, many payment apps, or POS machines. Aadhaar Pay would not charge Merchant Discount Rate (MDR). MDR is the charge paid by the merchants to a bank merchant for accepting digital transactions through credit or debit cards.

Only traders need to have Aadhaar Pay: 

Aadhaar Pay is an app that needs to be carried by the merchants only. Users just need to have an Aadhaar-linked bank account and mobile phone, credit or debit cards. Traders can download the Aadhaar Pay app to take payments online from customer’s bank account to their own account using the 12-digit unique Aadhaar number of the clients where clients can choose any of their bank accounts to do the transactions.

Modi also launched two incentive schemes for the Bhim app - cashback and referral bonus - with an outlay of Rs 495 crore for six months. He said for every person introduced to the Bhim app, one will get a cashback of Rs 10+ "If you refer 20 persons a day, you can earn Rs 200," he added. Bhim-Aadhaar Pay, the merchant interface of Bhim_app, will pave the way for digital payments using biometric data - fingerprints or iris scanners - on a trader's device which could even be a smart phone with a biometric reader.

How to achieve financial success?

To achieve financial success, there are only a few basic steps you need to reach your goals. But it always surprises me how many people don’t use these basic steps to create financial success over their lifetime.

In fact, the majority of people tend to ignore one or more of these basic steps. This ends up short circuiting the process of becoming financially successful.

You may be one of those people. But hey, you weren’t born with the innate knowledge that you need to be financially successful. None of us were. But just the fact that you’re reading this article shows that you’re willing to learn and seek out a solution for how you can achieve financial success in your own life.

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So friends for you we are here! ( 7 Money Mistakes to Avoid to Grow Rich)

What’s Your Definition of Financial Success?

First, a word of warning: these are not tips for getting rich quickly.

Building wealth and creating financial success in your life takes time. It’s a lifelong marathon that you have to continually work through, even when you hit a wall, which happens to all of us at one time or another.

Also, you have to know what your definition of financial success is. Is it becoming so wealthy that your diamonds are encrusted with more diamonds? Is it being able to have enough money to live a comfortable life in your later years? Or maybe it’s to be independently wealthy enough so you can dedicate your life to serving others in some way.

How you define financial success is up to you, but you must have at least some idea of the end game of what financial success means to you in order to reach that goal someday.

Personal financial planning is an ongoing process, one that consists of three general activities:

Controlling your day-to-day finances to enable you to do the things that bring you satisfaction and enjoyment.

Choosing and following a course toward long-term financial goals such as buying a house, sending your kids to college, or retiring comfortably.

Building a financial safety net to prevent financial disasters caused by catastrophic illnesses or other personal tragedies.

The first payment that you make after receiving your salary with should be for yourself ; invest for retirement plan, investment in mutual fund , investment in insurance etc. Most people pay their bills first and are happy to save whatever is left over; the only problem is, there's never anything left over.

Know your Number. Too many people are disconnected from their finances, they don’t keep track if their own finances. So for achieving financial success it’s very important to know the numbers what u spend daily.

Regardless, know where you stand; what you make, spend, your debts, your net worth and monitor your numbers actively.

Important things to note when you close your own home loan

Purchasing a home and applying for a home loan are the two most vital decisions of one’s life. You can plan to buy your dream home with a secured home loan, where you have to keep your house as collateral. So, in this case, you are giving the authority to the lender to auction your home to get the money back, if you become a defaulter.

However in that excitement, a lot of people do not take all the required actions and later suffer because of small things they didn’t complete after closing their home loans. In this article, I want to share few things every home owner should complete, when they are closing their loan.

While I am focusing totally on home loan closure in this article, but whatever I am going to share also applies when one closes a car loan, education loan, personal loan or any other kind of loan

So why are you waiting? Avail a home loan and grab your dream home. Let’s find out. Finding difficulty in Finding Your Dream House? We at moneymindz.com will make it easy for you. Just give us a missed call on 022-62116588 to explore our best Free Advisory Service. We don’t sell of any financial products. We only provide FREE financial advice so that you are not mis-guided while buying any kind of financial products.

1) Get back all the original documents

Once you have made all your payments, the Bank or Housing Finance Company will give you all the original documents. You should make certain that all the documents you presented with the bank when taking the loan are returned. Typically it will be the Title Deeds and Mother Deed (if applicable).

Don’t just test out for document alone. Confirm that all the pages are there in good condition as well. I have seen cases where last page of sale deed went missing. In that instance you require to arrange for the misplaced page which is a tiresome process.

Ensure all the pages are intact in front of the bank official prior to signing on the acknowledgement of the bank.

Once you sign, you can’t undo it and banks typically won’t be receptive in this regard. It is typically a good process to get hold of the documents from bank by visiting them than request documents by courier.

2) Obtain No Objection Certificate

NOC or NC is a No Objection certificate which is a consent certificate from the bank or housing finance company. This affirms that the Bank does not have any more interest in the asset and it’s cleared by the bank after removing all hypothecation.

When you get this make certain the NOC unmistakably mentions the Property details (like address etc.,) , name of the borrower, home loan account number, date of loan starting and closure, amount borrowed and repaid (some banks don’t mention) .

Also a section should be plainly mentioned that the borrower has paid all the dues and the property is now debt-free. This will confirm that the home is completely yours now.

(Real Estate Regulatory Bill)

3. If Lien of Your Home Is with the Lender, Don’t Forget to Remove It from the Registrar Office

Lien here means “the right to hold possession of property which belongs to another person until he/she has cleared all the debt.”

When you buy a home with housing finance, the lender has the right to sell the property (home bought by you) if you’re unable to pay back the entire loan.

Nowadays, banks carefully check the background of the borrower in advance, so they don’t put a lien on the property. However, they keep the original documents (of property) in their custody.

But if the lenders find anything suspicious in any customer’s background, they might want to put a lien on his/ her property from registrar office.

So make sure you ask your lender about the lien on your property, and if it’s there, ask them about the process to remove it.

4. Is Your CIBIL Report Updated With “Closed” Entry?

A borrower’s creditworthiness is measured through his/ her CIBIL report and it records your every loan entry and payment actions. Lenders check your CIBIL report before giving any type of loan or credit card. So, if you have closed your home loan by making full payment, it’s crucial to check if your CIBIL report is updated with the “Closed” entry or not.

Although banks update it themselves, but many times they delay or even completely ignore it for several months and your CIBIL report isn’t updated on time which might decrease your credit score and mar your chances of getting any loan in future.

So, double check with the lender bank when you close your home loan account, that they update the CIBIL report at the earliest.

Whenever you’re closing your home loan (even if you’re opting for pre-closure), make sure you complete all the things mentioned above to be on the safer side.

How do successfully pick stocks?

This question is right up there with “What is love?”, and “Why does toast always fall butter side down?” in the pantheon of the great unanswerable of life.

However, that doesn’t stop people –and me – from trying to answer.

There are lots and lots of possible ways to address this. For our purposes here, I’m going to suggest that for the biggest gains, exploit the holy trinity of growth investing: (1) find a growing sector, (2) identify the leading company in this sector and (3) buy the leading company when it’s cheap.

When it comes to stocks, buying the best – at the right price – is worth it.

There are a lot of ways to make (and lose) money as an investor. Some strategies are very complex. Others are common sense and simple to understand – but not always easy to implement.

As a rule of thumb, if you invest in the best company in a dying industry, you’ll probably lose money. You’re fighting the tide and will probably wind up out at sea. And if you invest in an average company in a growing sector, things could go either way. (Of course valuations matter here as well.)

You can make use of the following mediums which can be of help to you while selecting stocks.

Social Media

The Social Media industry has also been an attractive target for day trading, recently. The massive influx of online media companies, such as LinkedIn and Facebook, has been followed by a high trading volume for their stocks.Moreover, debate rages over the capability of these companies to transform their extensive user bases to a sustainable revenue stream. (bulls, bears and pigs of the stock market)

Financial Services

Financial services corporations provide excellent day-trading stocks. 

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High Liquidity and Volatility

Liquidity, in financial markets, refers to the relative ease with which a security is obtained, as well as the degree by which the price of the security is affected by its trading. Stocks that are more liquid are more easily day traded; moreover, liquid stocks tend to be more highly discounted than other stocks and are, therefore, cheaper

Trading Volume and Trade Volume Index (TVI)

The volume of the stock traded is a measure of how many times it is bought and sold in a given time period. This time period is most commonly within a day of trading. More volume indicates interest in a stock, whether that interest is of a positive or negative nature.

How to learn all about Indian stock market before investing?

Lately, People have started giving attention to the Stock market because of the false or rather superficial rate of returns which are marketed throughout media sources. This is done only to attract a huge crowd of earning people and lure them into this money business. Majority of the people invest blindly and then get devastated on realising what has happened to all their money.

Investing is a plan, not a product.

Let's say you plan to invest in Stock market When you finalise on one piece of property, you also finalise factors like

How much are you willing to pay?

Would you buy the stock right now?

What is the exit strategy (holding long term or sell in 6 months?)

Does the investment fit in with your overall plan/goal?

Get it now? You plan the investment. (An overview on capital 

market)

It took me a while to get this, but it is really empowering to understand this principle. It is wise to divide investing in 3 plans.

Plan to be secure

Plan to be comfortable

Plan to be rich

For someone looking on how to invest money in share market, this may help.

• Start with reading News channels, Editorials and do read the Moneymindz blog.

• Apps such as, Financial Freedom give you a good piece ADVICE BY EXPERTS off the market scenario

• Never follow the script suggestion of unheard companies which are provided on TV, they are mostly paid news

• When you think you have gained sufficient knowledge, try to experiment with a certain amount of money which you are not afraid to loose

• Take a note, I said to experiment and not to invest, Once you gain any profits out of your experiment then think of investing with a small amount every month.

• Initially for few months focus only on Equities, consider a sector and start finding out the future prospects of that respective sector, Classify the companies within that sector according to the brand value and its customer reach and then segregate accordingly.

• Always remember “Good quality stocks will always give you a good return, even if they look pricey”

PRO-TIP: Once you enter the world of stock market you will get suggestions from many people to invest in Penny Stocks rather than established Companies, People will claim that these Penny Stocks will become Multi-Baggers within few years and will give you say 10x returns or even more. But remember a fact “An Egg can either get hatched or get fried, But a Baby Elephant will always grow up to be an Elephant”

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5 THINGS TO KNOW BEFORE SUBMITTING YOUR INVESTMENT PROOF

It is that time of the year where you, as a salaried tax payer, have to submit Income Tax Investment Proof in order to avoid excess tax deduction.

There are things that you must be aware of pertaining to investment proofs which an individual needs to provide to their employer at the time of tax-saving season. In case you are not aware of them, read on to get complete details on the same. It will not only help you to save tax but also ensure that you are understand why and how it helps. It can be divided in 5 basic ideas, to help you remember these things.

Educating yourself a bit about taxes and tracking your expenses can go a long way in saving the taxes and avoiding the hassle of claiming the refund for excess taxes paid. ? Just leave a missed call on Moneymindz.com India’s Best Financial Advisor 022-62116588 or Download Financial Freedom application and post to expert your Queries. Moneymindz.com offers Free, Unbiased and on-call financial advice on Investment Assistance for insurance, Loan Assistance Retirement, Planning, Money Management Investment, Advisor, Retirement Planning, Best Health Insurance.

Ensure that you submit the bills for your reimbursement claims

There are certain perquisites which are exempt under the Income Tax Act only if you submit the proof of actual expenses to your employer, like telephone reimbursement, reimbursement on books and periodicals, research allowance, etc. “Unless you submit the proof of the related expenses to your employer within the given time, these will be considered to be taxable allowances in your hand and you may not be able to claim exemptions while filing the tax return. Hence ensure that you submit the proof of these tax deductible expenses to your employer,” says Chetan Chandak, Head of Tax Research, H&R Block India.

Know the regulations as well as pros and cons of making investment declaration

Declaring your investment helps the employer deducting correct and appropriate tax amount from the salary of the employees. As certain investments are subject to tax exemption by declaring them the employee can reduce the tax load on their income. Knowing which investments can help you saving tax and and to what extent is important. Besides medical reimbursement and few other expenses like house rent and traveling allowance are also subject of tax exemption. Employers begin collecting the documents as proofs of investment from the month of December and January to validate the declaration made by the employees earlier. This take 2 to 3 months and the process becomes complete by March every year.

(Misconceptions can make offenders of law-abiding taxpayers)

You need to furnish proofs of investments in the month of February and March against your earlier mentioned investments

It is understandable that for premiums and investment installments that are due in March cannot always be validated with receipt or any document months ago. In case you do not have the premium receipts with you or your SIP or ELSS statement does not reflect the installments paid, you have the option of making a declaration and employers will provide you a form for this purpose. When the year-end tax filing would be done you will be given the exemptions based on the declaration made by you.

Finally, you can always get your excess taxes returned to you by furnishing the documents for investment made by you. While it is always better to declare and furnish things in time, you can always furnish investment information and supporting documents later to claim your rightful deductions

Declaration of Additional Income to the employer to avoid penal interest.

You might not be aware, but declaring your other income to your employer can work to your advantage. Other income can be in the kind of rentals from your property, interest on your fixed deposits, etc. If you declare these incomes to your employer, they can then deduct and pay the taxes on your behalf. “The important point to note here is that you may be liable to pay advance tax in respect of such additional income in four quarterly installments. Further, if you have not done this you may be liable to pay interest at 1% p.m. on the quarterly shortfalls. But the benefits of declaring this ‘other income’ to your employer is that they will calculate the due taxes on such income and pay it in the form of TDS. This will save you from the interest for default in payment of advance taxes,” says Chandak.

Do remember to submit the Proof of TDS on Additional Income.

The next important point to note is that if you have declared your other income to your employer, you should also ensure that you submit the details of tax deduction on such income to your employer. Else your employer will deduct the taxes due at full rate and this will result in you paying excess taxes.

Kalpana Chawla first Indian women in space: who love to fly!

Kalpana Chawla was an Indian American astronaut and the first woman of Indian origin in space. She first flew on Space Shuttle Columbia in 1997 as a mission specialist and primary robotic arm operator. In 2003, Chawla was one of the seven crew members killed in the Space Shuttle Columbia disaster.

Early Life of Kaplana Chawla

Kalpana Chawla was born on March 17, 1962. Her official date of birth was altered to 1 July 1961 to allow her to join school underage. While other children of her age dressed their Barbie dolls, Kalpana liked to draw pictures of airplanes. She was not always the top student in her class but had a very inquisitive mind. After getting a Bachelor of Science degree in Aeronautical Engineering from Punjab Engineering College, Chandigarh she moved to the United States in 1982 where she obtained the Master of Science degree in Aerospace Engineering from the University of Texas at Arlington in 1984.

In 1997, she became the first Indian-born woman and the second Indian person to fly in space.

Her first flight was on Space Shuttle Columbia in 1997 as a mission specialist and primary robotic arm operator. The mission began on November 19, 1997, and Kalpana was a part of a six-astronaut crew.On her first mission, Chawla traveled over 10.4 million miles in 252 orbits of the earth, logging more than 372 hours in space.During STS-87, she was responsible for deploying the Spartan satellite which malfunctioned, necessitating a spacewalk by Winston Scottand Takao Do Her to capture the satellite. A five-month NASA investigation fully exonerated Chawla by identifying errors in software interfaces and the defined procedures of flight crew and ground control Last ride to spa

Her last ride to space

In 2000, Kalpana was selected for her second flight as a part of the crew of STS-107. The mission got repeatedly delayed and was finally launched in 2003. 

Chawla died in the Space Shuttle Columbia disaster which occurred on February 1, 2003

When the Columbia disintegrated over Texas during re-entry into, the Earth's atmosphere with the death of all of seven crew members, shortly before it was scheduled to conclude its 28th mission, STS-107. Just 16 minutes before landing, the space shuttle burnt and disintegrated, killing all on board. This accident was believed to be caused by a damaged aluminium heat-insulating tile on the left wing of the shuttle. This caused the whole body of the shuttle to heat up, eventually burning it.

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Mutual funds: Diligence is the mother of success

Diligence is the earnest, conscientious application of our energy to accomplish what we have undertaken.

When we are diligent, we pay careful attention to detail and are dedicated to achieving quality results. Diligence means that we are continually working toward our goals, making use of what resources and opportunities are available. We are vigilant to avoid errors and to stay focused on the task. Our diligence provides a basis for people trusting us with jobs that are tricky or complicated and important to them. Diligence does not rely on talent, but employs commitment, industry, and perseverance to transform vision into reality. Diligence is the key to success as it means that success involves persistence and cannot be achieved overnight. The true meaning of diligence is not to exert ourselves around the clock without rest, but to work persistently and efficiently without wasting time. Some people believe in luck, but that outlook may deliver negative messages.

For example 

If a farmer just ploughs his field for a day and rests for most of the season, he would gain nothing. On the contrary, some people understand the importance of diligence and forming good habits, and I believe they are on the right track. For example, the reason why the Chinese women’s table tennis team does so well is that they all work hard training every day. Diligence is especially true in studying. We all know that once time is wasted, it will never return. As a junior college student who only has a three-year university life, I know we should devote more time and energy to our studies, because diligence will lead us to success. Want to know get success on investment planning? Just leave a missed call on Moneymindz.com @ 022-62116588 or download our app Financial Freedom. Moneymindz offers Free, Unbiased and on-call Free Financial Advisory, Financial Investment Services, #Financial_Planning, Certified Financial Planner Assistance, Retirement Planning Advisory, Free Financial Advisors, Online Personal Finance, On-call Investment Management, Best Financial Planner, CFP India, Personal Financial Planning.

Once upon a time, there was a washer man with three donkeys within whom one among them ate more. The donkey was so lazy that it never engages in any work and fell asleep whenever it wants. The washer man was very angry about it so he decided to sell it. Another washer man was passing by when he saw the notice board written for sale of that donkey. He wanted to test the donkey before finalizing the deal of acquiring it. To his horror, it slept and ate all day without even listening to the master. The washer man returned the donkey to its former master and fled.

Just like the washer man, it is important to conduct due diligence of the investment that we wish to invest in. Always opt for investment scheme like mutual funds, which are transparent, well-regulated and professionally managed.

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Betrayal of trust carries a heavy taboo: Financial advice on Mutual Fund

Even though not all people think, they are being deceived, truth of the matter is, it is easy to be deceived whatever you think you are or not, many things are full of lies and have a negative impact on today's society. Because your minds tend to sometimes turn off and you start to believe all those lies and you see them everywhere in magazines, books, billboards and even on television.

When you read a magazine do you ever wish you could be as pretty, skinny or flawless a person you see? Truth is you cannot. Everything they do to a person in a magazine is fake that is right it is almost 100% photo shopped. This makes many young teenagers think they are not and will never be good enough, or even accepted into today’s world. 

This makes teens want to change themselves or be better, be skinnier, be FLAWLESS! That is impossible. Do not put yourself down because you think you are not good enough or will ever be good enough because you are and will always be good enough. 

There was a quote saying, “How you see yourself guides a lot of your choices, opinions, and feelings about things like dating, love, friendship and basically everything else in your life.”

You should see yourself as you, not as someone else. Do not change yourself to be accepted, do not change yourself at all. You should want to be accepted they way you are. That may be hard but it really is not. Find the truth in yourself and your friends. You will hear and see lies but it is your job not to ignore them.

Once upon a time, there was lion in the jungle, dying of hunger because there was scarcity of food. A villager promised it to feed but on one condition – he has to come alone. 

However, the kind-hearted lion melted as soon as others asked it for help. To the misery, the villager denied providing it food as the lion violated his orders. 

Do not trust others blindly, just as the lion was deceived by the advice of other animals similarly dubious investment tips do not help investors.

One must make his own judgement and always consult a good financial advisor. 

Moneymindz, the best free financial advisory service has financial advisors who is transparent, has the right degree and acts in best interest.

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Misconceptions can make offenders of law-abiding taxpayers.

Here are blunders that can invite a tax notice, a penalty or both.

Though interest earned from fixed deposits, recurring deposits, even tax-saving bank deposits and infrastructure bonds, is fully taxable, people often do not report any interest income below Rs 10,000.

The exemption of Rs 10,000 a year under Section 80TTA applies only to the interest earned on the balance in a savings bank account. Another common misassumption is that one need not pay tax as TDS has been deducted on the income.

What people forget is that the tax deducted by the bank at source is at a flat rate of 10 per cent. 

The department can catch such mistakes by matching your ITR with Form 26AS.

The penalty is more severe (up to 200 per cent of the tax evaded) as it is not a mis-calculation, but concealment of income. Many people invest in the names of spouse or minor children. There is no limit to the amount you can give your spouse, but if you invest the gifted money, Section 64 of the Income Tax Act, a provision for clubbing income, comes into play. Under this, any earning from the gifted amount is added to your taxable income.

For a minor child, the earning is treated as income of the parent who earns more. You also get an exemption of Rs 1,500 a year, per child, up to a maximum of two kids. If you want to escape tax, invest the gifted money in a tax-free option, such as the PPF or ELSS scheme. Or invest in the name of your parents or a major child, where clubbing provision does not come into play. If you think you don't need to file returns because you don't have a tax liability, you are mistaken.

This exemption is only for those with an annual gross income below the basic exemption level of Rs 2.5 lakh. Anyone with an income above this has to file a return. The basic exemption is Rs 2.5 lakh per year for people below 60 years, Rs 3 lakh for senior citizens above 60, and Rs 5 lakh for very senior citizens above 80. The rest, including NRIs, have to comply. If you fail to file your return in time, the assessing officer may levy a penalty of Rs 5,000 under Section 271F.

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Financial tips for women

Every young Indian woman who are employed has wide range of priorities. We work hard, we save and we like to enjoy a fair degree of financial independence. However, here is when we should pause and ponder about what it really means to be financially free.

Family Fund: 

A woman working in an I.T. Consultant saved up money from her very first job and when her mother was sick and required expensive treatment, she pitched in - to the surprise of her father who was so proud of her daughter. That in fact, is true independence, when someone else can depend on you, to get through his or her financial troubles. Be it your child, your ailing parent or your partner who lost his or her job to external factors.

What should be the solution:

 Ideal thing is to save 10-15% of your salary towards a ‘Family Fund’. Assuming you already save up for this cause, it would be a smart move to transfer your savings into a debt mutual fund, for better returns as well as security. Be there for your loved ones in many ways, because that is how you look after your family.

Dream Fund: 

I remember earlier about a friend, saving up for an expensive LV bag. Some called it an irrational thing to own but that is my dream indulgence and I can save for it, no matter what somebody else thinks. After you have taken care of yourself and your family, you can now afford to indulge a little. If you have saved a sufficient amount in the other two funds, you can now start saving up for your dreams. A trip you have been putting off for a while, luxury purchases you have been craving for, or even a hobby you thought was too trivial to pursue. Well, it is time to invest some time in you.

Try this easy method: 

The wittiest idea is to save at least 5% of your salary towards this. You could also allocate your annual bonus or any other windfall of money towards this dream fund. Depending on how big this dream is, you can choose equity mutual funds or debt mutual funds to convert this dream into reality.

Take a decision today to save towards these funds, and the rest will take care of itself.

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