Here’s why investing in mutual funds is gaining popularity amongst millennials
Carter Black Business
Here’s why investing in mutual funds is gaining popularity amongst millennials

Over time, the popularity of mutual funds has grown tremendously. For those who know how the mutual fund market functions, they are probably aware of the factors behind its popularity. Automatic diversification, professional management, customizability, and liquidity are some of the associated factors.

What is a mutual fund?

A mutual fund such as SBI MF gives you the privilege to invest in financial securities such as bonds, stocks, and other assets. You earn income both from stock dividends and bond interests which are held under your portfolio.

Reasons for gaining popularity:

Diversification:

As soon as you purchase a mutual fund, your mutual fund agency, couples your investment with the investment from another investor. As it holds many investments, mutual funds make it easier for you to diversify your investment portfolio rather than hovering around an individual investment.

However, it is essential for you to understand that not all of your investments will reap out the best results for you at one go. Diversification helps you to lower the impact of lagging mutual funds and reaping out the benefits of those that perform better in the market.

Diversification plays a pivotal role in balancing out all your volatile stock holdings. For an optimal diversification, it is essential for you to keep track of all your investments in different sectors.

Professional Management:

You may or may not be skilled at managing your own investment portfolio. At times, it may also be difficult for you to understand market volatility as you lack sufficient time to dedicate for the same. Mutual funds give you a liberty to club your money with other investors. Also, all investment decisions shall be taken care of by your portfolio manager. He will critically analyse the market and invest in appropriate funds to yield you a good return on investment.

Connecting with fund managers of SBI MF ensures that you do not need to worry about researching market pitfalls.

Liquidity:

What makes mutual funds favourable is that it allows you to buy and share them in accordance to your own will. You can either opt for mutual funds through banks or other financial planning or investment firms. Whenever the situation calls for immediate access to your invested money, mutual funds gives you complete independence to sell your fund shares or units.

Customizability:

There are myriads of mutual funds available for you to make a choice for your financial goal achievement. Right from high-risk funds to funds offering a steadier growth, the market has it all. Here are three prime types of investing in –

  • Equity funds: These funds are for those investors who have a stable and well-defined income and are willing to spend for a long tenure.
  • Balanced mutual funds: These funds are for those who are in the middle stage of their career. For those who are willing to optimize both their risk and return, should blindly opt for balanced mutual funds.
  • Bond funds: For those who are near their retirement stage should prefer bond funds for investment. Bond funds assure you with a fixed income guarantee with a low-risk factor.

For hassle-free mutual funds investment, prefer to invest in SBI mutual fund with Clearfunds.

Complying with Making Tax Digital with VT Accounts Software
Carter Black Business
Complying with Making Tax Digital with VT Accounts Software

In the world of accounting, many people will have used VT Software, and with good reason as it is a reputable software brand that could help with your accounting needs.

Fast-forward to now, and VT Software has decided not to integrate a Making Tax Digital (MTD) for VAT solution within its products, leading many of its users to wonder how they are going to become MTD compliant, and quickly as the law for Making Tax Digital came into force earlier this year in April 2019.

Fear not VT Software users, for BTC Software have an MTD for VAT Solution that will allow you to comply with the MTD for VAT rules whilst still using VT.  How good is that?

BTC have designed their software to allow VAT data from VT Cashbook and VT Transaction Plus to import into their MTD for VAT functionality via the Clipboard from VT.  On top of this, it also:

  • Enables agents to submit their clients’ VAT returns direct to HMRC in the required MTD format.
  • Enables agents to gather historic MTD VAT return data from HMRC and view it. This helps them to see what has been submitted historically, particularly if they have only recently started acting for the client.
  • Provides a quick online agent-client authorisation process with HMRC replacing (for MTD VAT only) the old 64-8 forms.

For more information on how you can benefit from this offering from BTC Software please head on over to https://www.btcsoftware.co.uk/mtd-for-vat-vt-users/ where you will find a whole host of information about what we’ve covered and more.  If you have any questions or queries about anything that is covered then the BTC team will be more than happy to discuss this with you, whether over the phone or via a series of emails.  It is too good an opportunity to miss out on, and it will help you stay compliant for your clients.

*On top of this fantastic piece of news, it is also well worth noting that BTC Software is also currently working with other bookkeeping software providers including Xero, QuickBooks, FreeAgent, and Reckon One.  This will ensure that BTC’s MTD for VAT solution will also integrate with these products too via APIs (as their other software solutions do).  Even more great news to ensure that many more people and their clients are staying compliant with the relatively new concept of Making Tax Digital.

5 important documents required before you go for a court marriage
Carter Black Law
5 important documents required before you go for a court marriage

Marriage is an inseparable part of our lives. Every single person saves his money for a grand wedding. With the fast-paced modern life, people are now more comfortable with court marriages. It saves money as well as time. At MyAdvo, court marriage experts make the legal procedure foolproof and help you to go through the overall process.

MyAdvo primarily operates in India. Apart from that, people from other countries can also enroll their names for availing the service of applying for court marriage with MyAdvo. In the presence of a marriage registrar and three witnesses, the whole procedure is carried out without any hassle.

Image result for court marriage

Process for court marriage

Let us discuss the procedure in detail:

  • You will be given a checklist of documents along with a questionnaire. You need to record your details in them.
  • When MyAdvo receives the filled up questionnaire, they will issue an intended marriage notice.
  • To decide where you want to solemnize your marriage, you need to select a district where either one of you has stayed for a minimum of one month before the notice was filed. The court marriage will be solemnized at the office of the marriage registrar of that district.
  • Once the place of the court marriage is decided, you along with your partner and three witnesses will need to meet the experts from MyAdvo. The meeting will take place at a time decided on mutual agreement. During the meeting, the experts from MyAdvo will check and finalize the documents. After that is done, MyAdvo will file the intended marriage notice.
  • The marriage officer will publish the notice once it reaches him. Along with that, he will also invite objections regarding the intended marriage. The objections – if any – must be raised within 30 days after the notice is published.
  • If someone raises an objection, the marriage officer will give both parties a chance to present their case. Once that is over, the officer will decide whether or not the objection is true. If it is, he won’t solemnize the marriage. However, the involved parties can appeal against the decision in the district court that falls under the jurisdiction of the marriage officer.
  • If there are no objections against the published notice within a month, the legal procedure will continue. In a time chosen upon mutual agreement, you, your partner, and the same three witnesses will have to appear before the marriage officer. There, you need to sign a declaration to solemnize the marriage.
  • The marriage officer will then issue a marriage certificate. Both the parties along with the three witnesses will need to sign this certificate. After the signing, the marriage officer will issue the marriage certificate to the couple.    

Required Documents from Bride and Bridegroom for court marriage

  • Bride and groom need to submit separate affidavits mentioning their date of birth, current marital status, along with the declaration that they are not related to one another within the degree of prohibited relationship defined in the Special Marriage Act.
  • The bride and groom also need to submit their residential proof. The photocopy of Aadhar card, Passport, Voter Card, Driving License, Ration Card, and Rent agreement/Lease agreement are accepted as the same.
  • Proof of date of birth should also be submitted by both the bride and groom. You can submit a photocopy of the birth certificate, passport, or class 10th certificate.
  • The bride and groom must submit 4 passport size photographs of them.
  • Intended marriage notice signed by both the bride and groom.
  • In case one of you is a divorcee, he/she needs to submit a copy of divorce order or decree. A death certificate of a spouse must be submitted if one of you is a widow or a widower.

A requirement from the Three Individual Witnesses

  • One passport size photograph of every witness.
  • Each witness will have to submit a photocopy of the PAN card.
  • A photocopy of Identity Documents such as Adhar Card, Driving License, PAN Card, Passport, Voter ID Card (both front and back), NFS Ration card, or any Govt recognized document is also mandatory to complete the requirements of the court marriage.

Future Opportunities In DevOps Market, Every Entrepreneur Should Know
Carter Black Business
Future Opportunities In DevOps Market, Every Entrepreneur Should Know

The role of DevOps in any organization has evolved consistently since the field first became known in 2007 as a combination of software development or ‘Dev’ and information technology operations or Ops combining as DevOps, and has become an important part of businesses. In DevOps, the operations and development engineers work together throughout the service lifecycle, from the stages of design development, production, and support, reducing the overall time required and the risks of errors.

DevOps enable businesses to considerably shorten the development life cycle for systems operations while also delivering required features and updates to meet the business objectives. The adaptation of DevOps within businesses is expanding on a large scale, as businesses are recognizing the benefits of DevOps in performance and overall operational efficiency.

Future Opportunities In DevOps Market

There is an abundance of future opportunities in the DevOps market, which is visible by the DevOps market size, currently estimated to be worth approximately $3.58 billion. The value of the global DevOps is projected to reach a value of $10.31 billion by the year 2023, growing at a massive CAGR of 23.54 percent. The DevOps adoption is measured by deployment speed, mean time of recovery, deployment frequency, production failure rate, and average lead time. Factors influencing the selection of a DevOps model are buyer maturity and the supplier-buyer relation.

Future opportunities in the DevOps market include the following:

  • Applications In Small Companies: The costs involved in setting up DevOps teams have restricted to a certain degree the expansion of DevOps into medium and small companies. As the costs reduce with increasing competition and widespread availability of DevOps professionals, smaller companies are expected to make use of DevOps capabilities.
  • Customer Experience: The customer experience (CX) is of integral importance to businesses directly dealing with consumers, and a feeble CX can result in a customer leaving to never come back. In such a situation, DevOps can rapidly change the required aspects of the CX and fine tune it based on further customer feedback, without spending extensive time in testing and development.
  • DevOps and the Cloud: There is an immense potential of linking DevOps with the Cloud, and while many DevOps services are already linked with the Cloud, the number is expected to multiply considerably over the years. With the scalability and personalization provided by DevOps, linking it with the Cloud is the obvious next step, facilitating speedy delivery of services to meet business needs. Using the Cloud reduces the overall DevOps costs for development, testing, deployment, and operations.  
  • Automation: The biggest trend in the industry is automation and artificial intelligence (AI), and it is expected to influence the DevOps market as well. There is a massive potential of combining Automation and AI with DevOps, based on the stage of the delivery cycle. Automation can be used in application development, planning, provisioning, security, and standardization.
  • DevOps Specialized Professionals: The field of DevOps is still developing and typically consists of professionals from the specific fields of software development and information technology operations. However, in the future, as the popularity and importance of DevOps grows, there will be professionals trained to handle DevOps activities specifically, having knowledge of both software development and information technology operations.

The DevOps market is growing at an exponential pace, with applications reaching into numerous businesses and industries. There are a plethora of future opportunities in the field that every entrepreneur should know about so that regardless of the size of the business, entrepreneurs can make use of the benefits of implementing DevOps.