unovest

Bank FDs or Liquid, Ultra Short funds plus MF taxation

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Alternative to a Bank FD- ultra short term, liquid

There are 3 posts that appeared on Unovest Blog and unless you have signed up to receive the posts in your inbox, you are likely to have missed reading them. What is the investment alternative to Bank FDs? Alternative to Bank FDs has been one of the hottest searches by investors. Low returns plus the taxation doesn’t make it attractive … Read more

What does Unovest mean to you?

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In the past few months, I have written about my new initiative, Unovest.

I have so far written about the features – the new mutual fund factsheet, how to upload your existing MF portfolio, set your goals and track them and transact online in direct plans of mutual funds.

There are people like Sahil Wadhwa, a Software Developer @ IDeaS, a SAS Company in Pune, who have come to Unovest and have kind words to say:

I had been a victim of bad financial advice from friends and family until I accidentally landed on blogs by Vipin and Unovest. My financial strategy has totally changed after that. Genuine and thought-full advice which I get through Unovest along with its unique reporting features gives me more comfort & control about where my money is going and how it’s performing. Now I am moving to do all my transaction and tracking from Unovest only. This trust with Unovest has actually encouraged me to double my investments since last year so as to secure my future financially.

It is truly a great feeling to know that.

Now this is all fine. But what is more important to know is its relevance in your life. What change is it supposed to bring for you – how will it help you make your life better?

But first, I would like to offer some perspective on Unovest.

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Financial Goals – What gets measured, gets done

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Financial Goals

“What gets measured, gets managed“, is a quote often attributed to the renowned management guru, Peter Drucker.

A slightly different version of it says “What gets measured gets done”.

I will let you pause here for a few moments and reflect on these words.

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Done?

Great!

I am sure as executives, professionals and business persons who have to manage teams, projects, businesses and P&Ls, you have come to hold these words as a mantra.

In any of the roles, you work towards a certain goal – a definite reaching point that involves use of time, effort and resources. A goal sets everything in motion in a particular direction

Now the simple point is unless you measure, you will not know how far have you reached, what has been the result of the efforts and what corrective actions need to be taken so that you make the right progress towards the goal.

Makes sense?

Personal Financial Goals – what gets measured, gets done

But is that an approach you apply to your personal life as well, say your health, your financial goals and investments? 

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How to track mutual funds portfolio all in one place?

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Track mutual funds portfolio - investment tracking - Unovest

How should one track mutual funds portfolio – all of it in one place? This has been a common problem expressed by many investors. Any why not?

There are 44 mutual fund companies in India along with 4 registrar and transfer agents who handle customer transactions.

If you happen to have investments in just 4 mutual funds, that is, HDFC, Quantum, Sundaram and Franklin Templeton, you are going to have an interesting time tracking all these investments with multiple folios in one single place.

Add to that investments in the name of family members and you have got a multiplication of your tracking troubles.

So, you are looking for a solution that enables you to:

  • Track mutual funds portfolio – all investment folios including of family – in one place
  • See a quick summary of your investments
  • An analysis of your investment holdings
  • Track your capital gain and loss for reporting in your income tax returns
  • Tag your investments to specific goals and monitor the progress

Is there a solution where you can do it all and more?

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