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Baqar Iftikhar

Baqar Iftikhar Naqvi  |113 Answers  |Ask -

Start-up Mentor - Answered on Feb 23, 2024

Baqar Iftikhar Naqvi is the founder and CEO of Upriver Ecommerce, an online sales accelerator firm and can guide entrepreneurs on how to make their firms grow.He holds a BTech in textile technology from the Central Textile Institute and has a master's degree in marketing and merchandising from the National Institute of Fashion Technology.He has 23 years of experience in the consumer products and retail industry.... more
Asked by Anonymous - Feb 22, 2024Hindi
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Planning to sell South Indian snacks from home through Zomato and swiggy...how to start

Ans: Just contact Zomato onboarding team. Make sure your products have a good packaging and all licenses etc. to sell packaged food are there with you.
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Hello I want start my own business of flours of wheat,Jowar,Nachos ,Rice etc. i already have two flour machine they can produce 50 Kg daily. please guide how i can start where to sell the product.
Ans: In order to run a successful wheat flour business and further, one needs to give company description, conduct request analysis, describe the products and services, cost and profit, marketing of the brand, necessary outfit and inventories, legal paperwork and further.
Wheat flour shop business plan should give emphasis on the growth factor, its business sustainability and profitability. Good Business Idea You can start this business at both the following places like pastoral areas and also civic area. There are numerous different types of flour as mentioned over and you can start with low investment.
First Way of Wheat Flour Business originally, this type of wheat flour business demands a moderate capital investment. You need to set up an integrated flour shop. Offer the packaged wheat flour products to the guests. You need to have strategic planning for the distribution of wheat flour and marketing. Alternate Way of Wheat Flour Business This type of business requires a small retail space which requires low investment. Install an atta chakki in that particular space. Allow the guests to come on with their grains. Charge the guests for grinding those grains.
Food License for Wheat Flour product Business The Wheat Milling Flour Business comes under the order of Food Processing Industry. So before launching the wheat flour business, it demands specific licenses, warrants and enrollment process. The following are the licenses and warrants that bear for starting the wheat milling flour business You need to apply for the Trade License from the original external authority. You must apply for the FSSAI( Food Safety and Standards Authority of India) enrollment . You should apply for BIS( Bureau of Indian norms) instrument. This type of business doesn't bear a pollution concurrence. Check it with the state pollution control board in your place or area. Determine the association form. Register your wheat milling flour business with ROC. You need to apply for Udyog Aadhaar MSME Online Registration. You must apply for AGMARK( Agricultural Marketing). Check for the arrears of duty. Announce on the following TV Distribute flyers News Papers Use digital technology Incipiently, give Banners at hoardings at the roadside The same system and way you can use for nachos and other flours.

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Asked by Anonymous - May 07, 2025
Money
Sir, I wqnted your advise, regarding an investment. My building is going for re-development, there is a additional flat sale for about 1cr, which will be ready in about 3 years. Please can you advise is it worth to invest 1cr in additional flat, i have savings of about 1cr, or should i keep the 1cr as Fixed Deposit. I do not have knowledge about investment in mutual funds or SIP. Thanks to advise.
Ans: It's commendable that you're considering the best investment route for your Rs. 1 crore savings. Let's evaluate the options you've mentioned and explore a comprehensive approach to wealth creation.

Understanding Your Investment Options
1. Investing in the Additional Flat

Illiquidity Concerns: Real estate investments are typically illiquid. Selling a property can take time and may not fetch the expected price.

Maintenance and Other Costs: Owning an additional flat comes with recurring expenses like maintenance charges, property taxes, and potential renovation costs.

Market Volatility: Property prices can fluctuate based on various factors, including economic conditions and government policies.

Rental Income Uncertainty: If you're considering renting out the flat, rental yields in many Indian cities are relatively low compared to the property's value.

2. Keeping the Amount in Fixed Deposits (FDs)

Low Returns: FDs offer fixed returns, but these may not outpace inflation, leading to a decrease in real purchasing power over time.

Tax Implications: Interest earned from FDs is taxable as per your income slab, which can further reduce the net returns.

Lack of Flexibility: Premature withdrawal from FDs can attract penalties, limiting liquidity.

Exploring Mutual Funds as an Alternative
Given that you're new to mutual funds and SIPs, it's essential to understand their potential benefits:

Professional Management: Mutual funds are managed by experienced fund managers who make investment decisions based on thorough research.

Diversification: By investing in a mutual fund, your money is spread across various assets, reducing risk.

Liquidity: Most mutual funds offer high liquidity, allowing you to redeem your investment when needed.

Potential for Higher Returns: Historically, mutual funds, especially equity-oriented ones, have offered higher returns over the long term compared to traditional instruments like FDs.

Tax Efficiency: Mutual funds can be more tax-efficient, especially with the benefits available under certain sections of the Income Tax Act.

Recommended Approach
Considering your current situation and the pros and cons of each investment option:

Avoid Investing in the Additional Flat: Given the illiquidity, associated costs, and potential market volatility, investing in another property may not be the most efficient use of your funds.

Limit Exposure to FDs: While FDs offer safety, the returns may not be sufficient to meet long-term financial goals, especially after accounting for inflation and taxes.

Consider Mutual Funds for Wealth Creation:

Start with a Lump Sum Investment: Allocate a portion of your Rs. 1 crore savings into mutual funds, focusing on a mix of equity and debt funds based on your risk appetite.

Initiate SIPs: Set up Systematic Investment Plans to invest a fixed amount regularly, benefiting from rupee cost averaging and disciplined investing.

Consult a Certified Financial Planner: Given your unfamiliarity with mutual funds, seeking guidance from a certified professional can help tailor an investment strategy aligned with your financial goals.

Final Insights
Your initiative to seek advice before making a significant investment decision is commendable. By steering clear of additional real estate investments and limiting exposure to low-yield instruments like FDs, you can explore avenues like mutual funds that offer the potential for higher returns and greater flexibility. Engaging with a certified financial planner can further ensure that your investment strategy is well-aligned with your long-term financial objectives.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.youtube.com/@HolisticInvestment

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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