DEAR WOMEN, MUTUAL FUNDS ARE YOUR GATEWAY TO FINANCIAL INDEPENDENCEIf you are a woman reading this, you have come a long way from letting others do things for you. You already know the value of being fi nancially independent. If you are a man reading this, do involve women in your house in a conversation about things you learn hereafter. Here’s how Mutual Funds can help reinforce your fi nancial independence:

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Your savings are inadequate for your goalsWomen and savings are inseparable. Each one of you might have a secret stash of money. Your goal might be a new smart TV, a new branded watch, a holiday in the Maldives and many more things. You may have thought that your Savings Bank Account or Deposits are good enough to help you reach your goals. However, infl ation is your biggest enemy. It eats into them every year. Here’s howMutual Funds can be the vehicle you ride in towards your goal. You can make a list of your goals and rank them. You can have a separate portfolio for each of your goals.

You can DiversifyYou like your wardrobe to be a mix of ethnic, formal, and party wears. The goal is to look the best. You pick your dresses based on the occasion and the people you are going to meet. Similarly, your investment wardrobe should be a mix of different Funds. Different Mutual Funds have different risk-return profi les. You can make your combination of asset classes just like your dresses to get the best result.Here’s howHave an optimum combination of Equity-based (high return) and Debt-based (low risk) assets. It is a good idea to seek fi nancial advice before taking a decision.

Make your investment do some multitaskingYou always have an eye on discount and smart deals. Here’s your fi nancial independence quick deal! In Mutual Funds, with one goal, you can get another goal free. Through Mutual Funds, you can combine different goals.Here’s howYou can combine your Tax-planning goal with long-term goals like retirement planning. That you can do through ELSS (Equity Linked Savings Scheme).

You can SIP it slowYou don’t need a signifi cant amount to invest through Mutual Funds. SIP (Systematic Investment Plan) can be your ideal investment method in Mutual Funds. You can initially SIP slowly. As you get used to investing, and familiar with Mutual Funds, you can raise your investment amount. Here’s howYou can start your Mutual Fund investments, with an investment as small as ` 500. You can increase your SIP amount as your income grows. Stay invested in beating infl ation from the power of compounding.

Don’t forget to prepare for emergenciesJump those career opportunities with confi dence. Is relocation on your mind? Are you heading on maternity leave? Do you want to stay fi nancially secure during these career gaps? Then, you can invest in Mutual Funds to plan for emergencies.Here’s howInvest in Liquid Funds to stay fi nancially secure during emergencies. Liquid Funds can be your alternative to your Savings Bank Account. Liquid Funds don’t have a lock-in period and can be redeemed anytime.

WHAT NEXT? As a woman, you face additional career uncertainties. The next section

explains, why it is essential for every woman to invest.

*This content was created exclusively for UTI Swatantra. Visit http://www.utiswatantra.com for more information

For more details, follow us on Twitter @utimutualfund; Email queries or suggestions: utiswatantra2@swatantra.co.in Please mention ‘Swatantra in TT’ in subject line. For more such fi nancial advice, head to our website: http://www.utiswatantra.com

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Scan this QR code & bid adieu to all your fi nancial worries this International Women's Day

Scan this QR code to calculate your Tax liability and how much you need to know to invest to save Tax

Scan this QR code to know how a simple decision of investing in an SIP can make a huge difference to your life

In the next edition: The future belongs to those who prepare for it today. Want a secure fi nancial future? Then start preparing for it today. In the next edition, we will look at how a few useful mantras can make your task easier.

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

For more on women's fi nancial independence, tune into UTI Swatantra Facebook Live on 8 March, 2019 from 5 PM onwards.

It’s never too late to fl y high with fi nancial

empowerment; start today!

SIP CAN GIVE YOU

WINGS(Wealth, Infl ation

management, Noteworthy

investments, Good returns, and Security).

1 To manage uncertainties

You may encounter unpaid leaves or career gaps during different stages of your life. For example, you might have to take an extended unpaid leave for your new-born baby, or, if you get married outside your city/state/country, a job change might be in the offi ng. To stay fi nancially secure during such gaps, you need a strong emergency corpus. Tip: Invest in Liquid Funds. Ideally, you should keep at least six months of your salary invested in Liquid Funds.

4 You make better

investors than menYou can benefi t through your inherent qualities of discipline and focus while making investments. You are also a pro when it comes to budgeting. You can use the same approach while fi nding the real value of your goals and investing for them.

Tip: Don’t be dependent on the men of your family, for your fi nancial planning. Manage your fi nances. Invest in Mutual Funds.

2 Your goals change at different stages of your life

Your goals change with your age. Today, your goal might be to travel the world, tomorrow you might have additional

goals, like child goals. Mutual Funds offer a plethora of schemes to meet these goals.

Tip: Do goal-based planning. Seek fi nancial advice.

3 To stay fi nancially

independent even after you retireBeing economically independent makes you feel confi dent.

Staying fi nancially independent helps, you

fulfi l your goals, even after you retire. For this, you need a strong retirement corpus. By having adequate retirement income, you can live with the same lifestyle and pride, even after you retire.

Tip: You can build a sound retirement corpus by investing in Equity Linked Savings Scheme (ELSS).

4 reasons why every

woman should invest

*This content was created exclusively for UTI Swatantra. Visit http://www.utiswatantra.com for more information

In our routine lives, familiarity bias often clouds our choices. For instance, while buying clothes, you might prefer buying the brands that you fi nd familiar. You might be hesitant to choose a new or unfamiliar brand. That is because unfamiliarity makes you uncomfortable! Therefore, you tend to keep your choices confi ned to public options.

Similarly, while making investments, you are often inclined to buying investment products you know. For example, if you are working in the manufacturing sector, you might want to choose the Funds associated with that sector. When this sector experiences a slowdown, you run into the dual risk, one associated with your job, another, with your investment. Choosing fewer investments, you think you know about is called familiarity bias. Generally, this happens when you try to become your fi nancial planner.

Here are a few tips to safeguard your portfolio from familiarity bias:

Seek fi nancial advice.

Do your research before investing.

Diversify your investments.

SWATANTRA KUMAR: FAMILIARITY BIAS

This is a very wide spread myth that they can’t afford to lose their money, so women don’t invest. It comes naturally to women because, according to research, the fear of losing their money. There are many ways to deal with this. One is to invest in Index Funds, digital wealth managers and other composite

investment instruments – this way the risks involved in value Stock investing is statistically reduced as the investor is not buying shares in one company but in a sizable chunk of the Stock Market. By investing regularly, one can also discount the volatilities a Stock Market offers in the long run.

HERE’S WHAT THE EXPERT SAID

A reader asked us: What stops women from investing?

EXPERT SPEAK

Ratna Roy Saha IFA,

R R Investors Capital

Women vs Men: How they invest differently?Women tend to be more interested in learning

about investing by reading or listening to real stories from real people. Women also take longer to make an investment decision. They will do their homework to understand the context of their decisions. They will take calculated risks, but only after taking their time. Women and men

communicate, think, and act differently. But in all likelihood their traditional asset mix and investment returns will be quite similar. Women have a lot more going on! Many women invest in their own ideas and their own businesses. Many women invest in themselves and the causes and concerns that matter to them. Women invest to make a difference.

GURU SPEAK

Dipti Lala IFA