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What is financial planning?
Financial planning is the process of wisely managing your financial resources which enables you to achieve your dreams and goals by negotiating the financial barriers in your life. It outlines a financial roadmap for you with information on your savings, spending and investments. It helps you to achieve your goals & prepare yourself for different life situations.
Goals - Buying a house ,Buying a car , Vacation , Children`s Education, Children Marriage, Retirement Planning , Starting a new venture , Starting a charity, Optimizing Investments/ Savings , Debt Management
Life Events - Marriage, New Baby, Job Loss/Transition, Loss of spouse, Unforeseen health related occurrences, Inheritance of wealth
Why Financial Planning is Important for you?
A financial plan makes you better equipped to meet the unforeseeable future. It is something that is requisite for all the stages of life. The earlier you start the better prepared you can be. Financial planning
  • Protect your family & you against any uncertainties of uncertainties of life.
  • Help leave a legacy that you would like your heirs to have.
  • Achieve your financial and personal goals.
  • Assess your current financial health by examining your assets, liabilities, income, insurance, taxes, investments and estate plan.
  • Develop a realistic, comprehensive plan to meet your financial goals by addressing financial weaknesses and building on financial strengths.
  • Put your plan into action and monitor its progress.
  • Stay on track to meet changing goals, personal circumstances, stages of your life, products, markets and tax laws.
  • Help to protect and grow your savings & investments in a tax efficient way.
Financial Asset Classes & Strategy
We need to invest in different asset classes according to the goal, need & risk appetite of an individual for doing successful financial planning. These asset classes works like the dosages & supplements for your happy financial health.
Mutual Fund Investments:
It is a very unique and exhaustive investment avenue. It has offerings for Ultra Short, Short and Long Term Investments. It is very cost effective, efficient and tax friendly way of investing. For passive equity investor it is one of the best.
Life and Other Insurance Products:
Necessary for protecting family and dependants incase of untimely death. Depending on one’s profile and requirements, mix of Term, Whole Life and other various products should be considered.
Equity Shares:
Over longer horizon, Equity Investment is the best Asset Class with highest returns. The proportion depends on time horizon, age risk aversion etc. Entry and Exit is easy and tax efficient. Through Equity one can become part owner of companies he likes.
Due to a better returns & safety, Gold and Silver have become an important Asset Class mainly as hedge against inflation and falling Dollar Values Other than traditional gold coins one can buy ETF from Stock Exchanges also.
Fixed Income Instruments:
For medium to long term one can invest in FD's of reputed companies. Also listed NCD's are very attractive for their return, liquidity and tax efficiency.
Bonds and Government Schemes:
For regular and safe returns one needs to allocate some portion in schemes like Relief Bonds, National Saving Certificates ( NSC), Provident Fund, Post Office Schemes, etc.
Real Estate:
Owning a house is not just a dream but an important Asset Class and necessity. There are couple of Tax Advantages for acquiring, owning and letting out of House Property.
In recent years, Art as an investment is gaining ground in India. Understanding and appreciating of Art is pre-requisite for investment.