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    Goal Based Investing

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    Ajay Kumar
    Goal based investing structures investments around an individual's personal goals rather than just maximizing returns. It involves planning for short, mid, and long-term goals like education, marriage, retirement, etc. and prioritizing them. Goals should be specific, measurable, attainable, relevant, and time-bound (SMART). Mirae Asset offers a Goal SIP facility where investors can choose a goal for their SIP and track their progress towards that goal through their statement of accounts.

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    Goal Based Investing

    Uploaded by

    Ajay Kumar
    85 views2 pages
    Goal based investing structures investments around an individual's personal goals rather than just maximizing returns. It involves planning for short, mid, and long-term goals like education, marriage, retirement, etc. and prioritizing them. Goals should be specific, measurable, attainable, relevant, and time-bound (SMART). Mirae Asset offers a Goal SIP facility where investors can choose a goal for their SIP and track their progress towards that goal through their statement of accounts.

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    Goal based investing structures investments around an individual's personal goals rather than just maximizing returns. It involves planning for short, mid, and long-term goals like education, marriage, retirement, etc. and prioritizing them. Goals should be specific, measurable, attainable, relevant, and time-bound (SMART). Mirae Asset offers a Goal SIP facility where investors can choose a goal for their SIP and track their progress towards that goal through their statement of accounts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    85 views2 pages

    Goal Based Investing

    Uploaded by

    Ajay Kumar
    Goal based investing structures investments around an individual's personal goals rather than just maximizing returns. It involves planning for short, mid, and long-term goals like education, marriage, retirement, etc. and prioritizing them. Goals should be specific, measurable, attainable, relevant, and time-bound (SMART). Mirae Asset offers a Goal SIP facility where investors can choose a goal for their SIP and track their progress towards that goal through their statement of accounts.

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    © All Rights Reserved
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    Goal SIP
    Y O U R D R E A M S
    Goal Based Investing
    We all have dreams and desires, but most of us do not plan our investments according to our goals. The investments are made with a single-
    minded focus on maximizing returns. This often leads to investment mistakes like trying to time the market. Fear and greed become the
    driving forces so that when markets turn volatile, we tend to pull out our money or increase our investments when the markets are already
    over-heated.
    Goal based investing adds direction to an investment. It is a structured, well thought out process for investing, where you know the purpose
    behind each rupee that is being invested. In Goal based investing, performance is measured by the success of investments in meeting an
    individual's personal and lifestyle goals.

    Plan for your Goals


    Plan for emergencies: Before listing your goals, you would do well to accumulate an emergency fund, which you can dip into in the
    unfortunate event of any medical emergency or loss of income source. A thumb rule for building an emergency fund is having a buffer of six
    months equivalent of your expenses. This can be invested in a Liquid Fund.
    The following are different types of goals. The below list is indicative and depends on life stage and ambitions of each individual.

    Short-term: Has a time Mid-term: Involves a time Long-term: Involves plans


    frame of few months to frame from one to ve that are more than ve
    couple of years. It covers years. Midterm goals years off. It includes goals
    immediate goals such as include buying a car or such as retirement or
    going for foreign vacation. starting a business. child education or marriage.

    You may have several goals but prioritizing them can help you plan for the most important goals. Also, your goals should be

    S M A R T
    Specic Measurable Attainable Relevant Time-bound

    For instance, “I wish to accumulate ` 25 lakh by 2025 to fund my kid's higher education” is an example of SMART goal.
    Also consider ination, while computing the future value of your goals. Assuming the current cost of funding your daughter's education is ` 5
    lakh. After ve years, you would require ` 6.38 lakh, assuming an ination rate of 5%.
    Hence, you should work with your nancial advisor review your goals, say annually and update for any major life changes. There are many
    online calculators which can help you calculate your goal amount, please visit miraeassetmf.co.in/ for more details on our goal calculators.

    Mirae Asset Goal SIP


    An investor can specify the target value for his/her goal while making his investments. He can choose from any of the existing schemes of
    Mirae Asset Mutual Fund to invest his/her savings on a periodic basis, by way of Systematic Investment Plan (SIP). By starting your Goal SIP,
    you avoid the hassle of aiming for appropriate market timing, along with the added advantage of rupee cost averaging.
    • Per SIP application can have only one Goal assigned. Investors will be required to submit separate application forms for each Goal.
    • Units will not be Automatically Redeemed upon Achievement of Goal and the SIP shall continue till the term of the SIP, even after
    the completion of the Target Amount. Further, Units will be redeemed as per First In First Out basis for any Redemption applied for.
    • Goal Amount & Goal is mandatory for each Goal Based SIP Application. Default option will be Retirement Planning where no Goal is
    ticked. If no Goal amount is mentioned on the SIP application in section 2a., then the SIP will be registered as a regular SIP & not as
    Goal Based SIP.
    • Goal based SIP facility is currently not available for SIP registered/submitted through Post-dated cheques (PDCs), OR through
    Mutual Fund Utility (MFU), OR through MFSS system if NSE or BSE Star MF platform of BSE or any other platforms of these stock
    exchanges or Channel partners, I-SIP. As & When relevant systems are put in place, this facility will be automatically offered.
    • All other conditions generally applicable for SIP shall also be applicable for Goal Based SIP and/or Top-Up facility.
    Application form - you have to choose the goal you would like to invest your funds for.
    2a. Goal Based SIP - Do you want to assign a goal for your SIP. Yes No If yes please select ( ) your goal [Refer Instruction 24 Overleaf].
    Please specify your goal amount ` _________________________ Kids Marriage Kids Education Retirement Planning (Default)

    Tax Savings Dream House Dream Car Dream Vacation Others_________________

    Statement of Accounts - The big advantage of Mirae Asset Goal SIP is that it provides all the exibility like a normal account/ folio, apart
    from enabling you to monitor your goal. Your SOA stationery will show the goal, the investment amount and market value of the investments.
    It helps you to track how far you are from your goals.
    SIP Goal Goal Amount Investment Value Mkt Value Achievement (%) Yet to Achieve SIP Status
    Children's education 20,000,000 12,000 15,000 0.08% 99.93% Active

    Mutual Fund investments are subject to market risks, read all scheme related documents carefully
    Email Us Call Us Internet Twitter Contact your financial
    [email protected] 1800-2090-777 (Toll Free) www.miraeassetmf.co.in MiraeAsset_IN advisor for details
    Mon-Sat: 9 a.m. to 6 p.m.

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