Tips from Sachin Karpe to Maximize Returns from Your Systematic Investment Plan in Mutual Fund

Many people start an SIP in a mutual fund and terminate it when the market is on the decline. This defeats the very purpose of investing via the SIP. As with any investment, you should link the SIP with a specific financial goal. If you don't keep an eye on your goals, you will invest in a haphazard manner and fall short of your requirements. List your financial goals in order of priority, fix a time frame for achieving these, and finally, quantify each goal in terms of the corpus required says Sachin Karpe. Fund houses allow SIP investments on specific dates of a month. One can provide ECS mandate or a direct debit instruction to be carried out on, say, the 1st, 5th, 15th, or 20th day of a month.

Debunking Some Myths about Mutual Fund by Sachin KArpe

There are thousands of people around who either know very little about investing in mutual funds or are bogged down by the myths surrounding them. Nielsen Company, through its consumer behaviour surveys, has find out some common myths and tried to debunk them, which should make your mutual fund investment process a happy experience says Sachin Karpe. Here are the top 3 sources to purchase mutual funds: Advisors - These are certified to provide financial advice as well as sell mutual funds to investors. Banks - They sell mutual funds through their employees. One can visit a bank to identify the funds and complete the investment process.

Sachin Karpe Shares 3 Stupid Things People Do with Their Credit Card

In today’s era cards have taken over cash. Most of the people use only cards to purchase small to big things whether it’s a credit card or debit card.  It is been calculated that more than 1.5 billion people using credit cards. Though there are lot of cards users, most of them don’t know how to use it wisely. 

Sachin Karpe put a light on few stupid things users do with your credit cards, so that people stop doing mistakes and use credit cards judiciously. 

First thing is ignoring the rewards point which you get from your card on spending.  From your reward points your can pay off travel discounts, holiday discount offers, shopping home items and even some discount coupons where  you can save your few bucks. Make sure you redeem all you rewarding points before it gets expire. 

Second thing is paying late fees which will cost you more than you paid. Once you cross the due date of your payment, automatically the interest rate will raise on your existing balances or on future purchases. Not only that If you keep on paying late payment it will end up on a bad impression on banking sector.  So avoid late payment and always try to pay in time.

Third is taking cash from your credit card. For you it might seem easy to remove cash on your credit card but once you take the cash the next moment you will be charged with high interest rate. There will be no grace period on cash credit and you will be charged.  So Sachin Karpe advices not to use cash credit on Credit cards.

Last but not least, sharing your credit card details over phone. You will never know who is calling and to whom you are passing out your details. Make sure you never do that mistake like passing out your entire details on phone. Bankers never ask for your pin number over phone they just ask you your age, card number, contact number and email address just for verification.  Ensure that you keep all the points in your mind so that you enjoy using credit cards.

How to Create a Stress-free Work Environment Shares Sachin Karpe

In today's economic climate, jobs are hard to come by, companies are stretched thin, and tensions are running high. Develop a wellness program where you have a group fitness instructor come into the office two or three times per week. Research shows that working out can be as effective in helping to increase happiness as anti-depression medication. Working out as an office will build camaraderie says Sachin Karpe. It is really important to find someone who can continuously get feedback from employees and see what is going on. When you have a common goal and are working together, it helps you get stronger. It is a great way to get to know other people and gets people excited and working together on a different level

Sachin Karpe Shares the 5 Common Marketing Mistakes CEOs Make

Most entrepreneurs are experts in software, hardware, or the particular line of business they've chosen to pursue. Most are not, however, expert in the nuances of marketing or public relations. As a result, they may be making mistakes they're not aware of says Sachin Karpe. One must not think of large competitors in your space ,instead, view them as a source of business. Lots of startups believe they'll do well by doing good, so they partner with any local or national charity that strikes their fancy and this can be a big mistake says Sachin Karpe. One must start by telling a story in regional, online, and trade media. Assemble strong third-party testimonials. Rack up some industry awards. Then, when you've proven you really do have something special, have your PR team contact editors of national business publications. There are never any guarantees, but your odds of success will be exponentially better.