In this video, we discuss the various options minors or teenagers have before they turn 18. A very useful video for parents as well as teenagers who want to start early and take the advantage of Compounding!
#finance #money #abhiandniyu
00:00 Intro & overview
01:01 What will you learn?
01:32 How 5 extra years can DOUBLE your investment
03:37 Where you can’t invest as minors
04:13 Demat vs Trading account
05:45 Investing in Mutual funds
07:15 Fixed income instruments
08:40 A millionaire beggar’s story
09:49 Conclusion
Reading material for you!
Sukanya Samriddhi Yojana
https://cleartax.in/s/sukanya-samriddhi-yojana/
PPF
https://cleartax.in/s/ppf/?ref=articles-search
National Savings Certificate
https://cleartax.in/s/nsc-national-savings-certificate/
Applying for an IPO
https://www.angelbroking.com/knowledge-center/ipo/how-to-apply-for-ipo-in-minors-name
SEBI rules for trading accounts for minors
https://www.sebi.gov.in/sebi_data/faqfiles/may-2019/1558004460882.pdf
How to Invest in Mutual Funds as a minor
https://www.mutualfundssahihai.com/en/can-minors-invest-mutual-funds
https://www.motilaloswal.com/blog-details/How-to-invest-in-Mutual-Funds-in-the-name-of-a-minor../1297
Calculate your return on investment over here:
https://www.mutualfundssahihai.com/en/calculators?utm_source=google_web&utm_medium=search_google_AMFI&utm_campaign=Sok_SIP_Top_Geos_Mobile_14_May_19&gclid=CjwKCAjwlYCHBhAQEiwA4K21m_Wx-UfqCmi62e8M1cwCjJFwviHIUmV8FZCDmHmSRuZbFmwhAqAbWxoCZuIQAvD_BwE
A video by Niyati Mavinkurve
Follow me on Instagram:
https://www.instagram.com/somethingniyu
https://www.instagram.com/abhiandniyu
About me:
Niyati Mavinkurve aka Niyu is a qualified Chartered Accountant, an environmentalist, and passionate about MONEY. She studied in N M College of Commerce and Economics in Mumbai and went on to work with a leading start-up. However, Niyu’s destiny had other plans!
Being an insatiable reader and traveler Niyu decided not to live her life from weekend to weekend and take the ultimate plunge by saying goodbye to her well-paying job. What followed was years of hustle as a freelancer, content as a writer, and as a virtual assistant to some bestselling authors worldwide.
Niyu started her journey to discover India like never before with her husband – Abhiraj Rajadhyaksha; to make the viral sensation “100 Reasons to Love India” – featured in Forbes 30 Under 30. It would’ve been impossible without careful planning of her finances.
Let’s Make You Rich is an endeavour to share the RULES, PRINCIPLES, AND IDEAS to manage your personal finance.
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