Stories are a part of our lives. Most of us would have memories of sitting with our grandparents or even our parents and listening to exciting stories from the Panchatantra. Many of us have been intrigued by the adventures of Tintin or admired the wisdom of Birbal. Stories have always been a wonderful way to learn about the world around us. On the other hand, the mere mention of finance and investments can make most people sweat. Which is whythe Money Konnect podcast by Edelweiss Mutual Fund can be an interesting way to learn about finance and investment planning. These podcast episodesmake financial and investment planning easier to understandthrough the medium of stories, conversations and book summariesand share financial content that is relatable, jargon-free, and interesting.
Financial planning is a very important aspect of your life. If you plan your finances well then you can potentially meet your financial goals, keep your money safe, and create wealth. Thus, it is very important for you to make informed financial decisions. This can easily be achieved through accurate and timely information. Through the Edelweiss Money Konnect Podcast you can listen to interesting stories, dohas, and book summaries that can easily be connected to investments and financial planning. For example, the first Ramayan podcast narrated the story of the squirrel whose small contributions in building the bridge to Lanka were dismissed by the vanars (monkeys). However, Lord Ram pointed out that the small pebbles provided by the squirrels were acting as a link for the big boulders and were instrumental in building the bridge. Similarly, when it comes to starting the investment journey, you should not worry about the quantum of your contributions. Instead, you should understand that even by making small contributions you can build a large investment corpus over time. Mutual fund investments via the Systematic Investment Plan (SIP) route can be an ideal solution for investors. SIPs allow investors to invest a fixed amount of money in a mutual fund scheme of their choice, and at intervals that suit them best. If the couplets of Sant Kabir interest you then you can listen to the Do anomic podcast episodes wherein Ms Radhika Gupta, MD & CEO, Edelweiss MF in conversation with Mr. Vinayak Sapre, helps us understand common investing mistakes with the help of Kabir’s dohas. For those who enjoy the works of Kabir and even for those who want to learn something new, it might be engaging to listen to Kabir’s thought-provoking lines from the perspective of finance and investments. Through these engaging podcasts, investors can learn how overcoming behavioural biases is essential, yet challenging. Again, mutual fund investments can be an ideal choice as they are professionally managed by expert fund managers who follow a systematic investment approach. This minimises behavioural biases. For those who prefer to consume information on the go rather than read, the book summary podcast episodes on Money connect can be an ideal solution. Packing the wisdom of books, these podcast episodes summarise interesting books on investing and share key investment takeaways in a simple and easy manner. For example, the podcast on The Little Book of Behavioral Investing by James Montier discusses how our behaviour and emotions can have a strong impact on our ability to make the best investment decisions.
There are many more such investing gems that can be unearthed from regular and familiar stories and books around us. The key is to understand them and then follow them to have a positive and comfortable financial journey.
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#Wise With Edelweiss – An Investor Education Initiative by Edelweiss Mutual Fund.
EAML is amongst the fastest growing asset management companies, being an asset management subsidiary of Edelweiss Financial Services Ltd., one of Indias leading financial services group since last 21 years with a proven track record of quality and innovation. Edelweiss AML is present across 11 locations across the country. EAML offers a suite of differentiated asset management products and the unique knowledge proposition focusing on building a strong connect with Distributors and customers. At Edelweiss AMC, the aim is to come up with truly innovative ideas that doesnt exist today and bridge the gap between what investors want and what the industry has to offer.