Our Business
A warm welcome to Mutual Funds Goa.
Solomon G. Coutinho started his journey by being associated with Mutual Fund industry since 2007. He was initially employed with erstwhile Reliance Mutual Fund, today Nippon Mutual Fund, thereafter with Axis Mutual Fund & IDFC Mutual Fund as State Head - Goa Region.
Throughout his career he has helped numerous clients by advising them on Wealth Creation. This made him follow his dream of having his own office to help clients to create wealth for themselves and their families.
Our Motto: “Providing honest advice on creating wealth through Mutual Funds”
Services
Financial Planning
Step – by – step approach to meet one’s
financial goals.
Wealth Management
Preserving and Protecting Wealth, whilst passing it on the family.
Retirement Solutions
Creating Monthly income options to sustain oneself after retirement
Child Future Planning
A good plan today is better than a perfect plan later. Plan for your child's future – Education, Marriage etc..
Tax Savings
Paying high Taxes especially on your Bank Fixed Deposits? Advice on how to minimise paying high Taxes.
Anything you want to ask?
Have a query.
Contact Us.
Why Mutual Funds?
With bank fixed deposit rates hovering below 6% p.a and inflation rate being much higher, one would need to look at investing in an Asset class that provides a higher rate of return than inflation. Mutual Funds are one such product which invests in Equities, Debt and Gold. Mutual Funds have different investment objectives, which can be tailored to one's risk profile.
Expert Management
Mutual Funds are professionally managed by qualified Fund Managers with several years of experience picking up the best stocks and bonds. Investors usually don’t have the necessary time and/or knowledge to read and understand stock and technical analysis. So why not let the professionals manage their money for them?
Schemes for every financial Goal
Investor can plan for any financial goal they wish to achieve including Travel, Retirement, Child Future planning, Purchase of an asset – (House/Car etc.) today for the requirements in future. It can be done by Investing through SIP or Lumpsum....
Tax Saving
Mutual Funds are taxed under Capital Gains unlike Bank Interest Income. Hence, Tax arises only at the time of withdrawal/redemption or switch. For example, if an investor has made a profit of Rs. 1,00,000/- on his investment of 5,00,000/- the Capital Gains Tax will only arise at the time of withdrawal/redemption or switch to another scheme. Similarly, under section 80C of the Income Tax Act, ELSS Mutual Funds have a tax exemption of Rs. 1.5 lakh a year. These schemes have a lock-in period of three years from date of allotment of units. After the lock-in period is over, the units are free to be redeemed or switched.
Safety and Transparency
Mutual Funds are regulated by SEBI – Securities Exchange Board of India are highly transparent. Mutual Funds are required to publish NAVs on daily basis and performance reports in factsheets monthly. Investors can also check scheme information in the factsheet.
Modes of Transacting including Purchases
Investors can invest in mutual fund through Systematic Investment Plan (SIP) or Lump Sum (One-Time). There are also other flexible modes of transacting including Systematic Transfer Plan (STP) and Systematic Withdrawal Plan (SWP). Also, now a days all these transactions can be done online.
Accessibility
Mutual Funds are Easy to Buy - Mutual Funds are easily accessible and you can start investing or buying Mutual Funds from anywhere in the world. Today most of the transactions can be done through online mode, Saving both time and effort.
Risk Diversification
A Scheme of a Mutual Fund can be invested in several companies, sectors, and different Asset Classes, depending on the Investment objective of the scheme, hence investors risks are diversified and reduced.
Liquidity
Mutual Funds are highly Liquid in nature. Withdrawals/Redemptions are completed and money credited to investors bank account within a maximum Transaction+3 days. Unlike Bank Fixed Deposits, Shares or other forms of Investment, Mutual Funds offer flexible withdrawals but factors like Exit Load, if applicable, should be taken into consideration.
