Skip to main content

Travel should not exhaust your savings balance

Invest Mutual Funds Online

Download Mutual Fund Application Forms

India's travel market is the fastest growing one in the Asia-Pacific region and is expected to touch $24 billion mark by 2012-end. Indian travellers have also evolved to become more innovative and experimental in choosing according to their needs, be it couples, family travellers or backpackers (individual / groups). Given Indians' desire to travel and explore, the rising fuel price and additional taxes may play a spoilsport. And this has helped 'budget travel' find a huge following.

This concept has come a long way, from struggle between small budgets and dearth of options, to finding a good experience without draining your savings. Money is not really the constraint with many now, but it's the imagination of what you can do with it and how you can customise your travel. Here's some help on planning a budget trip

Robust research needed:

Specially for international trips, check for options online, reviews and / or ask people who have already travelled to that place. Keep an eye for promotions /discounts being run by travel portals or tourism boards for the destination, as they are a ready source of information on the country along with a great deal and freebies.

Online travel agencies come in handy as they can share some practical tips, authenticated hotel reviews and even visa services. If you are booking 2 months ahead, you can easily bag up to 70 per cent discount on hotel. And save about 40 per cent aggregate, if you book your travel and stay together. Additionally, there are a lot of cities that offer discounts of up to 40 per cent when booking for over 3 activities at a time like sight seeing, hiking, trekking and so on.

It is a good idea to have a mix of air and land transport, depending on the time available. For instance, to reach Europe you could take a flight and then travel by train. Using the public transport or walking is usually the closest way to experience the culture of a place and save on costly taxi fares. Downloading subway, bus and train maps and schedules in advance makes sightseeing easy. Some cities, like London also have 'Hop-On-Hop-Off' (HOHO) buses that take you around most of the spots. To explore a new city, opt for a budget hotel. If in a group, rent vacation homes as they work out to be much cheaper.

Currency woes:

Once you have booked your international trip, monitor exchange rates and get currency at the best rate possible before travel. Also, check for the maximum amount of foreign currency you can carry. In case you exhaust the currency, you must exercise caution as money changing tricks are the easiest way to burn your fingers abroad. Always make sure you have received the notes of the right denomination as they may be carefully folded to deceive you, like a $1 bill made to appear like a $100 one. Also ensure you receive the actual amount you paid, if a deal goes void.

Go local:

The best way to experience the true flavour of a destination is to go local! Use locals to guide you, ask them for their favourite places to eat, good places to shop and if a some place is worth a visit. If you really can't stay away from retail therapy, try to find the flea market and have a $5 budget or alow budget. At times, you can unearth some extraordinary treasures in these places.

While researching, ask experienced people on how to bargain a deal, than just buying at the mentioned price. Find out what is made locally and what the deals are, like pearls in Shanghai, silver in Thailand and carpets in Pakistan. Use costs of these items at home to gauge. If you can get something cheaper back home, no point carrying it from abroad as you will also have to pay duties and portage, further increasing the cost. Check for add-ons like free wi-fi connectivity during your cafe visits.

Last minute trips:

There are chances of getting good deals even if you book closer to the date of travel. It is usually difficult to get attractive last minute deals if you are travelling during peak holidays seasons like summer or Christmas. But there are some portals that offer discounts and deals even in these seasons. Use these tips to get good deals

Booking flight and hotel together translates into higher savings as opposed to buying separately

Business hotels are cheaper on weekends and leisure hotels are cheaper on weekdays

Read up hotel reviews for good services and offerings, preferably from trusted sources

Try and stay close to city centre to save on your travel cost and time

Buy a 'tourist pass' to save on cost of public transportation, attraction tickets and city tours

If travelling with family or group, you can get a discounts (or free tickets) on transport / attraction tickets booked together

Pack bags that you can carry or use backpacks as portage is expensive overseas A good travel experience can be obtained even on shoestring budget, if planned in the right manner and time. Travelling on a budget can limit travel options, but it doesn't have to limit your experience.

-----------------------------------------

Invest Mutual Funds Online

Transact Mutual Fund Online

 

Download Mutual Fund Application Forms from all AMCs

Download Mutual Fund Application Forms

 

Best Performing Mutual Funds

    1. Largecap Funds:
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    3. Mid and SmallCap Funds
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    4. Small and MicroCap Funds
      1. DSP BlackRock MicroCap Fund
    5. Sector Funds
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    6. Gold Mutual Funds
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

 

Popular posts from this blog

Mirae Asset Healthcare Fund

Best SIP Funds to Invest Online   Mirae Asset Global Investments (India) has launched Mirae Asset Healthcare Fund. The NFO of the fund will be open from June 11, 2018 to June 25, 2018. Mirae Asset Healthcare Fund is an open-ended equity scheme investing in healthcare and allied sectors. The scheme will invest in Indian equities and equity related securities of companies that are likely to benefit either directly or indirectly from healthcare and allied sectors. The investment strategy of this scheme aims to maintain a concentrated portfolio of 30-40 stocks. Healthcare is a broad secular theme that includes pharma, hospitals, diagnostics, insurance and other allied sectors. The fund will have the flexibility to invest across markets capitalization and style in selecting investment opportunities within this theme. Neelesh Surana and Vrijesh Kasera will manage this fund. In a press release, Swarup Mohanty, CEO, Mirae Asset Global Inves...

How to Decide your asset allocation with Mutual Funds?

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India) How to Decide your asset allocation ? The funds that base their equity allocation on market valuation have given stable returns in the past. Pick these if you are a buy-and-forget investor. Small investors are often victims of greed and fear. When markets are rising, greed makes the small investor increase his exposure to stocks. And when stocks crash to low levels, fear makes him redeem his investments. But there are a few funds that avoid this risk by continuously changing the asset mix of their portfolios. Their allocation to equity is not based on the fund manager's outlook for the market, but on its valuations. Our top pick is the Franklin Templeton Dynamic PE Ratio Fund, a fund of funds that divides its corpus between two schemes from the same fund house-the...

GOLD ETFs

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300   GOLD ETFs       Gold funds and ETFs have also lost the tax advantage they enjoyed over physical gold after the Budget changed the rules for long-term capital gains from non-equity funds.   Last year, gold exchange traded funds ( ETFs ) had gained a great deal from the depreciation in the rupee and the UPA government's move to impose additional levy on gold imports, making it an attractive option for investors. The landed price of the yellow metal had surged, pushing up the net asset value ( NAV ) of gold ETFs. However, the recent budget proposal by Finance Minister Arun Jaitley has thrown a spanner in the works for gold fund investors. The revised tax structure for all non-equity funds, includi...

IIFL NCDs

Buy Gold Mutual Funds Invest Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Call 0 94 8300 8300 (India) IIFL NCDs IIF's six-year unsecured NCD 2012 Risk-wary investors should stay away from this issue, and even, risk-taking ones should think twice It is a public issue of unsecured redeemable non-convertible debentures ( NCDs ) by India Infoline Finance ( IIF ), an unlisted company, which is a 98.9 per cent subsidiary of India Infoline, a listed company. The issue seeks to raise Rs 250 crore with an option to retain over-subscription up to Rs 250 crore taking the total potential issue amount to Rs 500 crore. It will be open for public subscription from September 5 to September 18 with a minimum application size of Rs 5,000 in the form of five NCDs of face value Rs 1,000, TENURE & RATES: IIF will redeem the NCDs at the end of six years, and investors wanting out before six years will be able to sell the...

Tax saving tools to maximise returns

  An Individual can claim a deduction up to Rs 1 lakh U/S 80C of the Income-Tax Act, 1961 ('Act') by incurring a certain expenditure or making specified investments. Few of the popular schemes which are generally availed of by the individuals, inter-alia, include the following: Expenditure-Related Deductions Broadly, the expenditure-related deductions include tuition fees and home loan payments.    Tuition fees for full-time education in any Indian university, college, school, and educational institution, for any two children is eligible for deduction. However, development fees or donations are not considered.    The principal amount re-paid against a home loan to banks or certain category of employers is also eligible for deduction. Stamp duty, registration fees and other expenses incurred for the purpose of acquisition of such a house property are also eligible for deduction.    It should, however, be noted that the cost of renovation/house repairs after the completio...
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now