BFC Capital’s 254th Quality Circle Program, held on February 21, 2024, at HPCL (Gomti Nagar), was a compelling session focused on financial empowerment. Our VP, Vikas Singh, took center stage, sharing his deep expertise on the intricacies of investing. Through his engaging presentation, attendees gained valuable insights into money management, strategic investment planning, and wealth creation. The event highlighted BFC Capital’s ongoing commitment to educating investors and fostering financial literacy for a secure and prosperous future.
What type of mutual funds are best suited for HPCL employees?
Given their steady salary, HPCL workers ought to concentrate on:
For long-term SIP-based wealth creation, consider equity funds.
Debt funds: A liquid, low-risk investment option
To balance risk and rewards, use hybrid funds.
Stability and growth are guaranteed by a varied combination.
How should HPCL employees balance mutual fund investments with provident fund contributions?
Maintaining stability and growth requires striking a balance between mutual fund investments and provident fund (PF) contributions. Here is a methodical approach:
PF/NPS: Guarantee stability, tax advantages, and a fixed retirement corpus
Mutual funds have greater growth potential and are a great way to beat inflation.
The ideal split is 30–40% in debt funds/PF and 60–70% in equity .Early Years: Greater Allotment to Equity
Utilize ELSS to save money on taxes under Section 80C.
This balance guarantees stable yet increasing retirement income.
Are there any special mutual fund schemes for PSU employees?
There are no exclusive plans, however if they want:
Long term growth– they can go forward with equity mutual funds
Safety: they can go forwards with debt funds
Balanced approach– they can go forward with hybrid funds which are a mixed of equity and debt!
