4 strategies for investing in SIP

First, let’s start by understanding meaning of SIP Mutual Fund? This is a systematic investment plan (SIP) where investors make regular, equal payments into a mutual fund and it also allows investors to save regularly with a smaller amount of money while benefiting from the long-term advantages of rupee cost averaging.

Systematic Investment Plans (SIPs) is one of the easiest way to start your investment journey with an amount as low as Rs.500. In addition to this, keeping a few strategies in mind will help to achieve your goals quicker!

Is it likely that if you follow these strategies for starting a SIP mutual fund, it will help achieving your goals? Yes, it’s that easy provided this is done religiously.

Why should you start a SIP Mutual fund investment?
Firstly, this gives you a purpose for the investment plan. It gives you an estimate of your savings in order to achieve your specific goals. Secondly, it adds an emotional value for example: planning for a holiday, or buying a house. Investments made without any purpose or direction may not help you achieve your goals. This also becomes a futile exercise. Ensure you follow this step before investing in an SIP. Use an SIP Mutual fund calculator that determines your goals better

Think long term and not short term
SIP helps you navigate through market uncertainty and hence it is essential to keep a long-term investment horizon to average out the cost of your investments and give you the benefit of compounding.

Use Asset allocation strategy to reduce risk
It is not uncommon to see investors chase performance. This also comes with high risk and return factor that you need to understand clearly. While equity funds may have generated the progressive returns over the last few years, but one must not ignore the risks associated. Therefore, diversification in each asset class judiciously is essential i.e. between debt, equity and gold. So, your equity SIP portfolio should have a right mix of large and mid- caps, along with growth and value style

Choose funds that have stringent rating parameters
Past performance is not an indicator of future returns. This is an important statement as it justifies that there have been top performing schemes in the past that do not give such high returns anymore. Thus it is advised that investors should not choose an SIP mutual fund merely on the top performance. Therefore, you need to check not only quantitative but qualitative factors such as; are the funds well managed, is there a process driven approach and whether they stay true to its label, among others.

Disclaimer, Statutory Details & Risk Factors:

The views expressed here in this article / video are for general information and reading purpose only and do not constitute any guidelines and recommendations on any course of action to be followed by the reader. Quantum AMC / Quantum Mutual Fund is not guaranteeing / offering / communicating any indicative yield on investments made in the scheme(s). The views are not meant to serve as a professional guide / investment advice / intended to be an offer or solicitation for the purchase or sale of any financial product or instrument or mutual fund units for the reader. The article has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst no action has been solicited based upon the information provided herein, due care has been taken to ensure that the facts are accurate and views given are fair and reasonable as on date. Readers of this article should rely on information/data arising out of their own investigations and advised to seek independent professional advice and arrive at an informed decision before making any investments.

Starting an SIP in the Best Mutual Fund

SIP stands for Systematic Investment Plan, a mode of investing in mutual funds that allows one to invest fixed amount in a specific mutual fund scheme at rgular intervals (weekly, monthly, quarterly). It makes regular investment convenient:

Easy auto debit facility,
Affordable with a low minimum investment requirement: SIP doesn’t incur any additional charges.
While investing is a personal decision based on everyone’s unique situation, every financial plan will have some allocation of the 3 major asset classes:

Equity or stocks,
Debt or fixed income instruments,
Precious metals like gold and silver.
But investing in the stock markets can be a challenge, with the wild and unpredictable swings in share prices. To reduce the risk of investing “at the wrong time”, many investors can opt for a Systematic Investment Plan (SIP) in the Best Mutual Fund of their choice.

An SIP, or a Systematic Investment Plan, is a mode of investment whereby you, the investor, invests a pre-determined amount on a monthly basis, on a pre-determined date, into the Best Mutual Fund Scheme of your choice. Today, it is among the most chosen method of investing by retail investors.

4 Benefits of SIP:

While there could be other benefits, here are 5 that we would like to share.

Benefit of Rupee Cost Averaging:
Since you are buying units every month, you will be buying at market dips and rises, so you are averaging your cost of investments over the time period.

Benefit of Power of Compounding:
If you start early, SIP helps you to start investing to meet the greater expenses of your life. Saving a small sum of money regularly makes your money work with power of compounding and increase impact on wealth accumulation.

Helps you avoid market timing:
SIP investors can avoid market timing – as they get the chance to buy low, and later when they want, sell high.

It’s possible to start small:
The best part of starting an SIP is that it is suitable for any wallet. You can start with a ticket size of your choice, you can start small with as low as Rs. 500/- in the Best Mutual Fund of your choice and slowly build up your wealth.

Helps you avoid market timing:
With an SIP you do not need to try to time the market and thereby inculcates automatic financial discipline into your investing method.

Making investments in stock markets via Systematic Investment Plan (SIP) has been proved as a strategy to many investors and also helps you to play safe given the volatile nature of stock markets.

From a practical point of view, an SIP is the preferred route of mutual fund investments as investing through SIPs inculcates the discipline of saving & investing. It is best to align the frequency of investments with that of your income schedule. If you are a salaried employee, you could go for monthly SIP to regularize your savings. Most of our bills follow a monthly cycle so it makes sense to view SIP as a monthly ‘expense’ that is actually an investment helping you to inculcate the investing habit.

The yardstick for SIP must be your financial goal – the fund that you select to start an SIP in should best match your Financial Goal.

An SIP is the first step to your financial goals and should not be judged on the basis of market performance. Market uncertainty will prevail but your financial goals are fixed. Let your SIP achieve it. You need patience and confidence till the time your SIP helps to achieve your financial goal. Remember mutual funds sahi hai & SIP is one of the sahi tareeka for investing in mutual funds.

How To Fix QuickBooks Error 1712?

According to the current trends, QuickBooks has created a lot of hype in recent times. This accounting program is preferred by entrepreneurs all over the world for their bookkeeping and accounting needs. However, the fact that the QuickBooks program is susceptible to such errors cannot be overlooked. QuickBooks error 1712 is one of the most frequently found errors. When a user tries to install QuickBooks in a compromised folder or when the software is harmed, this error occurs. Certain errors can easily be implemented to correct this mistake. You must read this article to the end to learn about such reconfiguration methods.

Causes of the QuickBooks Error 1712

Now that you’ve figured out what this mistake is about, it’s time to look into the causes. The QuickBooks error 1712 can be caused by a number of factors, including:

When a user installs QuickBooks without first uninstalling the previous edition,
In the event that the registry is corrupted,
Additionally, whether a malware attack is detected.
Installing a QuickBooks tool that has been compromised
If such program improvements are made on the same device.

Identification of the QuickBooks Error 1712

There are some signs and indications that can assist the user in identifying the QuickBooks error 1712. The following are some of the symptoms:

On your Windows screen, a blue screen emerges.
Error in the input or output.
QuickBooks freezes on the desktop.
Problems with the shutdown.
An HTTP error has occurred.
If your laptop or computer isn’t working properly, please contact us.
Installing QuickBooks on your laptop incorrectly is a major no-no.

Solutions To Resolve QuickBooks Error 1712

The following are the solutions that help in resolving QuickBooks error 1712:

Solution 1: Use the Quick Fix My Program Tool

The QuickBooks Tools Hub must be downloaded and installed by the user.

To begin, shut all QuickBooks programs.
The QuickBooks tool hub file can then be downloaded. Additionally, save the file in a location where the user can easily locate it.
After that, the user must open the file installed in the previous step (QuickBooksToolHub.exe).
To install, the user must follow the on-screen instructions and agree to the conditions and restrictions.
The user must then double-click the tool hub icon on the Windows desktop once the installation is complete.
Also, The user must pick the software issues in the QuickBooks tools hub.
After that, choose Quick fix my program and reinstall QuickBooks desktop.
Try to install the QuickBooks desktop application again.

Solution 2: Close programs in task manager

Press the keys ‘Ctrl + Dlt’ from your keyboard.
After that, choose the ‘Processes’ option.
QuickBooks users have to choose the ‘End Process’ from the task manager.
Lastly, click on the ‘Reboot’ option to reboot your computer.

In Conclusion:

QuickBooks users can easily resolve QuickBooks error 1712 with the help of these solutions. However, if you are not able to resolve it manually, try to seek guidance from QuickBooks customer service on this toll-free number or you can chat with them also.

Understanding The Job Description Of Quality System Consulting Professionals

Industry authorities explained that quality must be present in every service or product that a business creates. Because quality is a thing that most organizations are worried about, this word can be found in almost all industries. Quality system specialists are accountable for ensuring that both stored data and the distribution of this data are of superior quality. Some information quality consultants are focused on a company’s conformity to laws, while other quality experts are only worried about improving client satisfaction with products by making sure that these merchandise perform properly.

In the medical care industry, quality system experts are employed to ensure that the medical care that a patient obtains is adequate and fulfills regulatory needs. This specialist sees the day-to-day processes of a given center and ascertains when regulatory action is needed in order to safeguard patients. The quality regulatory consultant also provides advice to medical center staff about how the workers can fulfill regulatory needs. This consultant examines staff members to determine their competency. They also perform studies to be able to determine customer satisfaction.

Quality system professionals can be seen in the IT field. In this particular sector, the quality system professional is concerned with assisting other IT professionals in producing effective and efficient systems. They also assess staff members in order to ensure that they’re implementing new guidelines. Whenever needed, the quality specialist supplies professional assessment in concerns such as error recognition and prevention, operation control, process enhancement and process design, as outlined by an associate professor of information science.

Quality specialists normally work forty to fifty hours a week, according to the Bureau of Labor Statistics. Considering that their job takes place mostly through information systems, a lot of quality specialists can work from home and many of them are self employed. A lot of time invested in front of a laptop or computer can lead to eye damage and carpal tunnel symptoms.

The educational standards for a quality system consultant are typically a college diploma in computer technology, information technology or any other computer-related subject. These specialists typically need great analytical and problem-solving skills. Communication abilities are also important as these consultants should be able to fully explain suggestions to other employees.Bureau of Labor Statistics explained that the demand for quality system consulting professionals is predicted to increase by twenty percent in the next few years. Information systems are significantly utilized by enterprises and consumers alike to communicate and exchange information. For those who want to function as quality system consulting employees, a big wage grade is in store for them.

Best Practice Business Systems is a consulting organization situated on the Sunshine Coast. It specializes in developing quality and Quality System Consulting to the global standards ISO14001 and ISO9001. It also facilitates its customers by carrying out second-hand audits of compliance, in the beginning following the setting up of the system and then annually. It provides totally free support on quality and also environmental issues to its customers who sign up to annual auditing.

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