Being a human every individual has some certain dreams in life and for making such dreams true all the possible efforts are invested. Still, due to contingencies the person sometimes needs to either compromise or give up on the goals. The lack of consistent planning is also one of the reasons for non achievement of objectives. Likewise, the investors enter in mutual fund market with a particular goal linked with real life objectives. The investor focuses on earning high returns from the market while keeping his goal alive, but the question arise is it easy to earn lucrative returns from a highly volatile market? Yes, it is possible with the help of mutual fund software that assist in earning returns while focusing the goals of investors. The software posses a feature named as Goal GPS which records the life objective of investors. Before knowing how it works it is better to know about it.
What is Goal GPS?
Basically Goal GPS is facility available for the investors that prepare a road map that drives him towards his destination. The feature helps in setting all sorts of goals whether it is getting a car, child education, holiday planning or house planning and many more. It can be better understood in a classified manner consisting of three steps:
1 Quick Goal Maker: The first step in which the goals of investors are recorded along with the current and future cost to be required for fulfilling such objective. This tool also calculates the inflationary rates and span of years to acquire the subjected amount. Let us clear with an example an investor is planning to buy a car whose current worth is 5 Lakhs with the inflation rate of 5% the future cost will raise up to 7 Lakhs within 5 years. Based on this the SIP or lump sum is planned for investment.
2 Mapping Funds: After setting goal and understanding the amount to be required next step is allocating the funds for accomplishing goals. The Goal GPS in mutual fund software offers the mapping of funds not only through SIPs but also through various other assets like FDs, bonds, Postal, equity and commodity that serves ease in accumulating goals for fulfilling funds. Along with mapping existing funds an investors can map new funds for wealth generation. It also helps in tracking the status of target achieved and contribution to be made for accomplishing the same.
3 Goal Tracker: The foremost feature that depicts the status of funds and provides the detailed summary from setting goal to the way the investment has reached. The constant monitoring of investments induces investor for uninterrupted investment and also provides assurance for the safety of funds. The moment when investor accomplishes funding and investment reaches to its future value the tool reminds the investors for completing the dream.
In brief USPs of Goal GPS are as follows:
· Systematic goal planning is done for future.
· Well planned strategy is formed after calculating the inflations and future cost.
· Funds can be mapped and allocated with multiple assets including SIP.
· New funds can also be mapped as per investors planning.
· Tracker assists in monitoring the status of investment.
Overall an investor dealing in the market of investments is recommended to have mutual fund software for uninterrupted services and availing the benefits of such feature as mentioned in Goal GPS which ease the steps in gaining returns. The mutual fund software is must for advisors, distributors and investors for a seamless transactions experience and growing individually. For more information, visit @- https://www.redvisiontech.com/
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