#mutual fund goal planner in mumbai

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What Services does an Asset Management Company in Mumbai Provide?

An asset management company in Mumbai offers a range of investment solutions, including mutual funds, financial planning, risk management, portfolio management services, and alternative investment options, to help you achieve your financial goals. For more details, visit https://www.storeboard.com/blogs/investing/what-is-the-role-of-a-stock-investment-advisor-in-mumbai/5808810

[thejobwala]

Download Jobwala app for the easiest job search and hiring. Now get every type of job in one place with Jobwala. Be it 10th pass and below or postgraduate we have jobs for everyone. Now get a job that satisfies your career goals with maximum salary satisfaction. From part-time and Full time to working from home, everything is just a click. With a vast variety of jobs and so many best options available to choose from. Be it Central, Western, or Harbor line we are all over Mumbai to provide you with the best.

The only job portal that provides you with the nearest jobs with maximum salary satisfaction and career growth. Verified companies to apply with no fear of fraud and scam. We cover almost every blue collar job people struggle to get. Apply to your dream job and get a chance to work in your dream company in just a click.

Get a job in nearby verified companies free of cost. Now you don’t have to pay for your career just download the Jobwala app now.

Features: Jobwala makes sure you get the job that matches your salary expectation with career growth thereby providing you with the nearest jobs. you can get a job in just a click.

Download the Jobwala app Fill your details properly and upload your updated resume Select the Job category and title you are interested in Schedule an interview

Jobwala helps you search job with different categories such as (Work from Home, work from office, part time and Full time) based on qualifications such as (Below 10th, 12th pass or above, Graduate and Post Graduate)

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Communicate with HR: Call the HR directly and schedule your interview in your dream company.

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[chamunda-investment20]

Why Does The Best Financial Advisor in Mumbai Preach About Compounding in MF Investments?

People often say that mutual funds benefit from the power of compounding, but many don't truly understand what it is and how it works. Understanding compounding can change how you approach your investments, especially in mutual funds.

What Is Compounding?

Compounding is a powerful financial concept where the returns you earn on your investments begin to generate their own returns. This creates a snowball effect, where your investment grows at an increasing rate over time. The longer you stay invested, the more pronounced the effects of compounding become. If you wish to learn more, reach out to the best financial advisor in Mumbai.

How Does Compounding Work in Mutual Funds?

When you invest in mutual funds, you earn returns in the form of capital gains, dividends, or interest. Instead of withdrawing these returns, reinvesting them allows them to generate returns on their own, leading to exponential growth in your investment.

For example, suppose you invest ₹1 lakh in a mutual fund with an average annual return of 10%. At the end of the first year, your investment grows to ₹1.10 lakh. If you reinvest this entire amount, the next year's 10% return is calculated on ₹1.10 lakh, resulting in a higher return in the second year and continued growth as you stay invested.

The Importance of Staying Invested

Compounding is most effective when you stay invested for a long period. The early years might not show significant growth, but as time passes, the growth becomes exponential. This is why starting early and staying invested is crucial for maximizing the benefits of compounding.

For example, if you invest ₹1 lakh at the age of 25, and earn an average annual return of 10%, your investment could grow to over ₹1.08 crore by the time you turn 60. However, if you start the same investment at the age of 35, it would grow to around ₹41 lakh by the age of 60. The 10-year difference in starting age results in a significant difference in the final amount.

Compounding and Systematic Investment Plans (SIPs)

Systematic Investment Plans (SIPs) work hand-in-hand with compounding. With SIPs, you invest a fixed amount regularly, and the returns generated by your SIP investments also get reinvested, creating a compounding effect.

SIPs make compounding more accessible because you don’t need a large lump sum to start investing. With small, regular investments, you can benefit from compounding over the long term.

Conclusion

The power of compounding in mutual fund investments is a simple yet effective way to build wealth over time. Chamunda Invest, the best financial planner in Mumbai can help you throughout. By reinvesting your returns and staying invested for the long term, you can significantly enhance the growth of your investment. Understanding and leveraging compounding can make a substantial difference in achieving your financial goals.

[deywealthmart321]

How to Choose the Best Mutual Fund Advisors and Agents in Mumbai for Your Investment Goals

Investing in mutual funds can be a powerful way to grow your wealth over time, but choosing the right mutual fund advisor is crucial to achieving your financial goals. With the bustling financial landscape of Mumbai, finding a reliable and knowledgeable advisor can seem overwhelming. Dey Wealth Mart, a trusted name in financial advisory, offers expert insights into how to select the best mutual fund advisor for your needs. This guide will help you navigate the selection process and ensure that your investments are managed by the right professional.

1. Understand Your Investment Goals

Before seeking a mutual fund advisor, it’s essential to have a clear understanding of your investment goals. Knowing your objectives will help you find an advisor who can tailor their advice to your specific needs.

Dey Wealth Mart’s advisors are skilled in aligning investment strategies with individual goals. They take the time to understand your financial aspirations, ensuring that the mutual funds they recommend are well-suited to your desired outcomes.

2. Look for Relevant Experience and Expertise

Experience is a key factor when choosing the best mutual fund advisors and agents in Mumbai. An advisor with a solid track record in the industry will have a deeper understanding of market trends and the ability to navigate different economic cycles. Ask about the advisor’s experience in handling portfolios similar to yours and their familiarity with the Mumbai financial market.

At Dey Wealth Mart, the team of advisors brings years of experience and in-depth knowledge of mutual funds. Their expertise ensures that they can provide well-informed advice that considers both current market conditions and long-term financial planning.

3. Check Qualifications and Certifications

Mutual fund advisors should possess relevant qualifications and certifications that demonstrate their competence and commitment to professional standards. Look for advisors who hold certifications such as Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA). Dey Wealth Mart’s advisors are highly qualified, with certifications that underscore their expertise in financial planning and mutual fund advisory. Working with a certified advisor gives you confidence in their ability to manage your investments responsibly.

4. Evaluate Communication and Transparency

Effective communication is critical in any advisory relationship. Your mutual fund advisor should be able to explain investment options, risks, and strategies in a way that you can understand. Transparency about fees, performance expectations, and potential risks is also essential.

Dey Wealth Mart places a strong emphasis on clear and open communication. Their advisors are committed to ensuring that clients fully understand their investment choices and the associated risks, fostering a trusting and informed relationship.

5. Assess the Advisor’s Approach to Risk Management

Every investor has a different risk tolerance, and your mutual fund advisor should be able to design a portfolio that reflects your comfort level with risk. Discuss how the advisor assesses risk and how they plan to mitigate it in your investment strategy. An advisor who understands your risk appetite and can balance it with your investment goals is invaluable.

At Dey Wealth Mart, advisors work closely with clients to determine their risk tolerance and construct portfolios that align with both their risk preferences and investment objectives. This personalized approach ensures that your investments are both suitable and sustainable.

6. Review Client Testimonials and Reputation

Reputation is a strong indicator of an advisor’s reliability and effectiveness. Look for client testimonials, reviews, and references that speak to the advisor’s performance and client satisfaction. A well-regarded advisor will have a history of helping clients achieve their financial goals.

Dey Wealth Mart has built a reputation for excellence in mutual fund advisory in Mumbai. Client testimonials highlight the firm’s commitment to personalized service and successful outcomes, making it a trusted choice for investors.

7. Understand the Fee Structure

Mutual fund advisors can charge fees in various ways, including flat fees, hourly rates, or a percentage of assets under management. It’s important to understand the fee structure upfront and ensure it aligns with your budget and expectations. Transparent fee arrangements help prevent surprises and ensure that you are comfortable with the cost of advisory services.

Dey Wealth Mart offers a clear and transparent fee structure, with no hidden charges. Their advisors are upfront about costs, ensuring that clients know exactly what they’re paying for and how it benefits their investment strategy.

8. Consider the Advisor’s Accessibility and Availability

Finally, consider how accessible and available your best mutual fund advisors and agents in Mumbai will be. Regular updates, periodic reviews, and the ability to reach your advisor when needed are important aspects of a successful advisory relationship. Choose an advisor who is committed to staying engaged with your portfolio and responsive to your needs.

Dey Wealth Mart’s advisors prioritize client accessibility, offering regular portfolio reviews and being readily available to address any questions or concerns. This commitment to client service ensures that your investments are well-managed and that you stay informed about your financial progress.

Conclusion

Choosing the best mutual fund advisor in Mumbai is a critical step toward achieving your investment goals. By considering factors such as experience, qualifications, communication, risk management, reputation, fee structure, and accessibility, you can find an advisor who aligns with your financial objectives. Dey Wealth Mart exemplifies these qualities, offering expert advice and personalized service to help you navigate the complexities of mutual fund investing. With the right advisor by your side, you can confidently work towards a prosperous financial future.

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About And History Of HDFC Bank

Everyone must have heard about the HDFC bank in India. Many of us may have accounts in many of its branches. Some may have availed of loans, credits, and invested in mutual funds. The bank has overtaken most of the private sector banks to emerge victorious in the financial sector. Through this article, it will enlighten my readers about the services and history of HDFC bank. I will provide glimpses of the history of this bank. Then I will put forth the various financial services that it has to offer for its customers. By the end of this article, you will have a clear understanding of what has made this bank a household name today. So, let’s get started.

Ever wondered what HDFC stands for? It is the short form for Housing Development Financial Corporation Limited (HDFC). Since its initiation, it has amassed huge assets and a market capitalization that has paved the way for its success. It is currently headed by Mr. Sashidhar Jagdishan.

Today HDFC bank is one of India’s most powerful banks. It is a private sector bank that provides various banking and investment banking services nationally and internationally. It was founded in the year 1994 under the guidance of Mr. Hasmukhbhai Parekh. Since then, the banking company has expanded its reach in various cities across India and overseas. On the international level, it has branches in Bahrain, Hong Kong, and offices in UAE and Kenya. To date, the company has branches across 2,848 cities in India with a vast network of 5,430 branches.

More Information About HDFC Bank

The HDFC bank was inaugurated in 1994. It started deploying banking services as a Scheduled Commercial bank in 1995. The Housing Development Finance Corporation Limited was the first company to set up a private bank in India. It provided services from the registered bank in Mumbai. The current CEO of the HDFC bank is Mr. Deepak Parekh. The main aim of the HDFC bank was to become a world-class Indian Bank. It has truly lived up to its mission and has become the most successful bank today. The awards and honors the bank had received in India and worldwide speak for themselves. It is known for its good customer services, revolutions in the financial business, and its sustainability. The bank has introduced various products in the market. Apart from these, it had also conducted several drives and launched initiatives for the betterment of society. Its main objective was to become the first choice of every investor in every domain of the bank services. Its second objective was to achieve substantial growth in bank assets. No wonder it had met all its business objectives, and it has continually been delivering quality services to the new customer. The bank continues to conquer the hearts and minds of every investor and its existing customers.

Mergers Of HDFC Bank

The HDFC bank had merged with the Centurion Bank of Punjab (CBoP) on 23rd May 2008. This merger was approved by the Reserved Bank of India. The merger was directly proportional to the shareholders of CBoP receiving a share of the HDFC bank. The shares would be provided to each of the 29 shares of CBoP. The merger provided great benefits to the HDFC bank. For instance, the bank network had significantly incremented by a good number. This meant that the HDFC bank could now deliver services to more masses. The added new workforce of the CBoP created a larger pool of skilled workmen. Thus, the merger was a huge gain for the HDFC bank.

Times Bank Limited was an Indian Bank in the private sector. On 26th February 2000, the Times bank had merged with the HDFC bank. It was the first time that two banks had merged in the 21st century. The combination of the two banks implied that the shareholders of the Times bank would have received one share of the HDFC bank. This would continue for every 5.75 shares of the Times bank.

History Of HDFC Bank

It’s been 26 years since the bank first opened at its registered office in Mumbai. As per the Reserve Bank of India RBI’s policy about the liberalization of the banking industry in India, the request by the HDFC bank to set up the first Indian bank in the private sector was approved. The HDFC bank, as it is popularly called, was one of the first banks in India. The main operations of the financial company as a Scheduled Commercial bank first commenced back in January 1995.

The bank has had a long history. Some of these factors were instrumental in making it the premium bank in India. So, here I have provided a descriptive guide about the history of this bank.

1994

The HDFC bank was founded on 30th August in the year 1994. It had established a partnership with the National Westminster Bank Pc. and its subsidiaries. The banks agreed-upon a 20% subscription of the banks’ issued capital and assistance from the technical domain to promote the banking business.

1995

The bank issued the subscribers of the Memorandum and the Articles of Association with 70 equity shares. During the same time, the bank promoters were allotted with 5 crore equity shares. Moreover, the HDFC Employment Welfare Trust was also allotted shares worth 5,09,20,000 on 22nd December 1994

Later on, 16th January 1995, the Jarrington Pte. Ltd was also allotted 90,79,930 number of equity shares. The NatWest Group received 400,00,000 number of shares based on private placement. The public also received equity shares on 9th May 1995 that were 500,00,000 in number.

By this time, the HDFC bank had opened its first branch on 16th January in Ramon House at Church gate in Mumbai. An efficient operating system was designed and created by the engineers of the bank for fortifying the computer network of the bank.

1996

The bank had established a good reputation in the financial businesses and the market. This paved the way for the banking consortia of over 50 countries. The consortia included leading multinational companies, public sector companies, and several flagship companies of the local business.

The transaction in the Indian financial market was handled in a new dealing room. The room was constructed this year to facilitate this process. The HDFC bank’s Certificates on Deposits were earned a rating of PP1+. The rating was the highest for any short-term financial tools at that time.

1997

At Powai in Mumbai, the bank had established a modern hub to store the bank’s central computers and servers. The servers had information about all the new products and services and the branches that the bank had established.

The proposition for telebanking was launched by HDFC in Mumbai. The term telebanking was first introduced at the Chandiveli branch of the HDFC network.

By now, the bank had established 28 bank branches in India. These branches had initiated an account that required the investors to deposit a minimum balance for opening the account. This feature was first introduced by the HDFC bank in India. To date, this practice has been cultivated across several financial institutions in India.

They had also launched a loan product. This product facilitated the payment of fees as announced by the Bangalore Mahanagar Palike.

1998

The HDFC bank signed an MOU with the Ahmedabad Stock Exchange (ASE) so that it could play the role of a clearance bank.

The strengthening of bonds with the branch in Calcutta was proposed in 1998. They planned to make an addition of two more branches by the first quarter of the upcoming financial year 1999.

They had inked a memorandum with the National Stock Exchange (NSE) around the same year. This agreement stated that the bank would give an additional charge over the broker’s deposit. It was only if they provide a loan against share facility to the NSE brokers.

2000

With the beginning of the 21st century, the bank had also begun establishing new connections in the world. Starting with Singapore Telecom’s e-commerce arm Sesami.com Pvt Ltd. The HDFC bank had signed an agreement with this company to boost its reach.

The HDFC bank had launched a new facility call the ‘Freedom- The e-Age Savings Account.’ this account was specifically designed for cellular phone users.

Trichy and Coimbatore, the southernmost regions of India, had received wireless application protocol-based mobile banking. This was newly introduced at that time. The HDFC bank was instrumental in launching this facility in association with Aircel.

2001

Aurangabad had received the first HDFC bank with the commencement of the new year 2001.

The HDFC Standard Life Insurance had established a memorandum of understanding with the Indian Bank. The Indian bank was based in the southern capital of Chennai.

The bank had first launched its International Maestro Debit Card in association with Master Card.

The Board of Directors dealt with the resignation of two of its directors. These were Mr. S. S. Thakur and Mr. Amit Judge. They had resigned from their office on 30th March.

2002

The HDFC bank had introduced a new online account. The online account service was called ‘One View.’ The bank launched the services to all its customers.

The HDFC bank had launched various new products in the year 2002. These products were inclined towards the wealth management program designed to increase the number of the customer base. The Financial Planner was a non-interactive product that was available for the customers. This product was available at the base price of Rs.10,000. The mass affluent segment could avail of the fee-based advisory program. This program was earlier available only to the high net worth customers. The wealth management program was a highly beneficial initiative by the bank for the betterment of its customers. This program took into account various factors like the financial goal and the risk profile, including equity, customers age, MFs, and RBI Relief Bonds.

2003

The resident foreign currency account was launched by the HDFC bank.

The co-branded credit card with e-Seva was unveiled by the HDFC bank.

Mr. Arvind Pande was appointed as the Additional Director on the 15th of January 2003. His appointment was approved by the Board of Directors. It was highlighted under Section 260 of the Companies Act, 1956.

2004

This year the Board had appointed Mr. Ranjan Kapur and Mr. Bobby Parikh as the Additional Directors.

2005

The HDFC bank had introduced the concept of loyalty rewards. These rewards were specifically meant only for the credit and the debit cardholders. This program was called the InstaWonderz.

The HDFC bank was aiming for the upliftment of the small and medium scaled enterprises (SMEs) in India. For this, it had launched a credit card with MasterCard International.

2006

The HDFC bank had established two more branches in Andhra Pradesh.

Osim intended to team up with the HDFC bank for consumer loans.

The HDFC bank had inaugurated a facility for the benefit of online shopping.

2007

The HDFC bank had teamed with the TATA Pipes to offer credit facilities to the Indian farmers.

Mr. Pandit Palande was appointed as the new Additional Director by the HDFC bank. He was appointed by the Board of HDFC bank on 24th April 2007.

The HDFC had also appointed Mr. Paresh Sukthankar and Mr. Harish Engineer as the Executive Directors. This was declared at the conference held on 12th October 2007. These gentlemen had been the senior employees of the since its initiation in 1994.

2008

The HDFC bank had tied-up with the Postal Department to extend its network in the rural areas.

The bank had won the ‘Nasscom IT User’ award.

The HDFC bank had inaugurated its first bank overseas. This bank was opened in Bahrain.

The HDFC bank had merged with the Centurion Bank of Punjab. The merger had taken place at a share swap ratio of 1:29.

2009

The HDFC bank had won the AsiaMoney award yet again. It had bagged the title of ‘ Best Domestic Bank’.

The electronic payment collection facility was offered to the Guruvayoor Devaswom by the HDFC bank.

2010

The housing finance major of the HDFC bank had introduced a variable interest rate on the recurring deposits. These interest rates were offered to attract long-term deposits. It was brought to the notice of the Board that the applicants withdraw their funds when the interest rates peak. To avoid such circumstances, these rates were introduced.

2011

The bank was aiming for 3G services to boost their mobile banking.

By this year, the HDFC bank had already opened 1,725 branches.

2013

At the Skotch Financial Inclusion Awards, the HDFC bank was named as the Organization of the Year.

The HDFC bank was instrumental in launching the Times Card.

The ‘Jet Privilege-HDFC Bank World Debit Card was launched. This was a joint initiative by the HDFC bank and Jet Airways.

2014

The Bank had set a GUINNESS WORLD RECORD. They held the record for organizing the largest blood donation drive on a single day across the globe.

2016

A digital bank was launched by the HDFC bank. This for intended only for the customers of small and medium enterprises.

The HDFC attains the top rank in the Institutional Investor Magazine.

2017

The HDFC bank had launched a student card this year.

An initiative called the ‘SmartUp Zone’ was launched to uplift the startups.

You can read about the services provided by the HDFC bank in our other article.

source http://invested.in/about-and-history-of-hdfc-bank/

[finkompas]

An individual is much like a business, with assets & liabilities, except that businesses are able to focus on evaluating their current & long term monetary goals through a dedicated financial team, while at an individual level, such sincerity and focus on granularity for financial planning is often missing.

Everyone wants to have a proper financial plan, but only a small percentage of our Indian population has actually one ready.

Through this article, we are covering the 3 simple steps which are the core of any financial plan i.e. Insure. Save. Invest. (in that order).

A. Insure

This is the first and most important part of a financial plan. Two key sub-parts of this element are:

i. Term Plan/ Term Insurance: It is the purest and most cost-effective form of life insurance, which provides financial protection in case of death of the life insured during the term of the policy. It is designed to financially protect one's family in case of the death of the main earning member.

Ideally, the sum assured or cover should be at least 15 to 20 times of annual salary. So, if one’s annual salary is Rs 10 lacs, one should try and take a minimum cover of Rs 1.5 crore. So, if something happens to the person, the family gets the sum insured. This amount when invested in a 3 or 5 years Fixed Deposit (assuming 6.6% annual returns), shall add interest of approx. 10 lacs per annum, thereby ensuring the insured person’s family is supported through tough times. If you are the main earning member of the family, the term plan is the first thing you should buy.

ii. Health Insurance/ Medical Insurance: Health Insurance is a type of insurance that in case of a medical emergency offers financial coverage for medical expenses. It provides insurance coverage to the insured with multiple benefits (dependant on the plan), including cashless hospitalization, day-care facility & coverage for terminal & critical illness etc.

Given costly medical expenses, it is advisable to have minimum Rs 1 lac cover per person, implying a family of 4 members should have a minimum family floater health /medical insurance for Rs 4 to 5 lacs. In metros like Mumbai where healthcare is costlier, you can go for top-up health insurance plans wherein you can go for a higher cover of up to Rs 10 - 25 lacs also (depending on the insurer and plan).

Critical illness is an add-on that you may take over & above the basic health insurance cover. It helps cover an assured sum up to Rs 1 Cr and is payable by an insurer in case of diagnosis of some specific medical issues/ailments (list of diseases vary from insurer to insurer).  

B. Save

Once you have covered life and health insurance, chances of financial drain and resultant anxiety are minimized. Now, as the next step focus should be to save for an Emergency Fund. The amount here can vary from 6 to 12 months of your monthly expenses (including home loans/other EMIs). So, if your monthly expenses are Rs 1 lac, you should plan to keep an emergency fund of Rs 6 to 12 lacs. It is recommended this amount be kept in the form of Fixed Deposits (considered relatively safer wrt other financial instruments) with high rated banks.

C. Invest

This is the last part of your financial plan. Now, you are good to go. After covering for the above insurances and an emergency fund, you should strive to save at least 25% of your monthly salary. These savings can then be invested in highly rated, higher return financial products like Mutual funds in a lump sum or systematic investment plan (SIP).

The earlier one starts, the better. A small monthly SIP of Rs 1000 when invested over 35 years, can help build a wealth of Rs 1 cr (assuming 12% annual returns, annual 5% incremental SIP). #timepowerofcompounding

You can also go for investment in shares of high quality/blue-chip companies. ELSS funds are also a good investment option for these equity funds invest in stocks as well as provide tax benefits under Income tax sec 80C. The idea is to generate a consistent return over long periods. If you understand how the stock markets work, companies fundamentals, you can start learning and investing. Though, wherever possible it is advisable to go for a professional financial planner.

A proper financial plan can ensure a fulfilling life, with adequate life and health insurance protection as well as wealth creation opportunities for a comfortable retirement.

Stay Healthy, Wealthy & (and the most important) Stay Happy!

Finkompas is a leading financial technology company that aims to simplify your financial life by providing you great financial products - loans, investments, credit cards.

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[wealthpalofficial]

Do you love tracking investment portfolios, interacting with fund managers, and are you passionate about helping individuals achieve financial freedom? If your answer is yes, you may want to explore becoming a Mutual Fund (MF) advisor. Most MF advisors double up as financial planners, and why not. They understand client’s investment goals and combine different investment options to diversify the portfolio to minimize risks and maximize returns. The role of mutual fund advisors is no longer easy. There are more than 2500 different mutual schemes managed by 44 different fund houses in India to choose from. One needs to have a comprehensive understanding of comparative investment strategies of fund managers to figure out which fund matches the investor’s interest. According to Pravin Taparia, a MF advisor based out of Mumbai, “Mutual Fund schemes are as varied as animals of the African jungle. If you don’t have an analysis platform and if you don’t understand the thought process of fund managers, which means you have to know the fund managers personally, you cannot do justice to your clients.” Apart from a valid certification from NISM, here is what it takes to start your new business. #financialrequirements #newbusiness #businessrequirements #careertransition https://www.instagram.com/p/CBfDOzilvY3/?igshid=lbbau3e343vg

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What Strategies Do Mutual Fund Goal Planners in Mumbai Ensure My Investment Goals?

Mutual fund goal planners in Mumbai can create a diversified portfolio of mutual funds aligned with your risk profile and investment timeline to help you achieve your specific financial goals. You can contact or visit our website to know more. For more information, visit https://moneycareplanner8.wordpress.com/2024/07/01/what-do-portfolio-management-companies-in-mumbai-do/

[lisaskate4]

Plan your investments for this year, don’t rush

Mumbai: Amit Choudhary, 40, an accounts manager at Shemrock Group of Schools in Delhi, thinks that a new financial year (FY) is a good time to look at one’s finances. “I believe in planning at the beginning of the FY to avoid any hurried investment decisions and the discomfort in the last three months," said Choudhary. While 35% of his investment corpus is in debt funds and insurance plans, 65% is in equities, which includes systematic investment plans (SIPs) in mutual funds. “For FY20, if the markets get volatile considering it is an election year, I would still continue my investments." Financial planning is about creating a plan to meet one’s financial goals. If you are still struggling to plan your finances, here we tell you how to:

Manage your cash flow

Cash flow management is the ability to manage the money that comes into your account as income and the total outgo towards expenses and investments. Most people will know their income, but not everyone pays attention to their expenses. If you are not sure how much you spend, you can start keeping track of it for the first six months to get an idea. According to financial planners, you should save first and then invest. “First cut a cheque for your investments and then plan your expenses. Doing the reverse will leave no room for savings," said Deepali Sen, founder, Srujan Financial Advisers LLP.

Build your emergency fund, buy insurance

Your next step is to use the money you save to build an emergency fund and buy insurance policies before you start investing. For instance, Mumbai-based Bhagyashree Shinde, 28, a customer services representative at Ashland India Private Ltd, has decided to first build an emergency fund for FY20. “My first goal for FY20 is to have a contingency fund," said Shinde. Emergency fund provides you cushion in case of unforeseen circumstances such as job loss or any kind of medical needs. As a thumb rule, you must have at least six to 12 months expenses as emergency fund.

Your next step should be to have adequate insurance. Remember that insurance is not an investment product; it is for protection. If you have dependents, buy a term plan with a cover that is at least 10 times your annual income. Even if you have a health cover from your employer, you should buy a basic health plan. “The need for health insurance stems from rising healthcare costs along with increase in number of health issues," said Ravi Vishwanath, executive director and chief executive officer at Reliance Health Insurance. The amount can vary based on location and age. If you are 30-year-old living in a metro city, you should have a health cover of at least Rs.10 lakh.

Start investing based on your financial goals

The next step is to start building your kitty for your short-term and long-term needs. Your goals can be categorised into long-term (retirement or child’s education) and short-term (annual vacation or buying a home appliance or gadget). For short-term goals you can consider fixed income instruments such as fixed deposit and debt fund. In case of long-term goals, you can opt for equity through mutual funds along with a mix of debt, depending on your risk appetite.

“You should first ask why you want to invest in mutual funds. You must have your goals clear in your head," said Swaroop Mohanty, chief executive officer of Mirae Asset Global Asset Management Co. Ltd. Overall, you can make use of multiple financial instruments such as mutual funds, public provident fund and fixed deposits. Through your financial plan, you can indirectly fulfil your tax investment. “A lot of time taxpayers end up investing in tax-saving instruments for convenience instead of those instruments which suit their needs," said Pawan Agrawal, founder of Invest Guru. So, this FY, focus on financial planning and not on just saving tax.

Source: https://www.livemint.com/money/personal-finance/investment-don-t-rush-plan-in-advance-1554371659916.html

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low-income-financial-plan

Low income, unplanned decisions and unrealistic goals are relatively common among middle-class households. When SEBI registered fee-only financial advisor Preeti Zende discussed the budget for a few with kids, many readers were in disbelief – how can we invest such a lot for such financial goals? Preeti Zende may be a SEBI Registered investment adviser (RIA) and Fee-only Financial Planner based in Navi Mumbai India. She is an Associate of Insurance Institute of India (AII) and features a post-graduate Diploma in Business Finance from ICFAI university. She also holds a Masters’s degree in Commerce from Pune University. Preeti was related to the Insurance and Finance industry for long and having experience in both administration and marketing of monetary products. She had worked as a Medical and Nonmedical Underwriter and was heading a top quality check team in Reliance life assurance Company. She also worked with ICICI Prudential life assurance Company’s sales and marketing team. you'll contact her via her website, Apanadhan. As financial planners, we encounter many sorts of clients. Some are earning well, and a few are from medium earning group, some are with double income, some are the sole earners in 6 relations , some are conservative investors, some are very aggressive investors, some are confused about life goals and a few are very focussed and well prepared. Some are very cooperative, and few are rigid. Financial Planners in jaipur don't just plan your finances, but they work more on the client’s behavioural and psychological pattern towards Personal Finance and life too. What are the priorities of a financial planner when a client approaches them? to form them understand the importance of identifying their life goals and plan their investments accordingly. Sadly this process isn't straightforward. When clients pen down their life goals and aspirations, repeatedly , there's a mismatch. Therefore we'd like to priorities. Some of you'll have seen the reactions to my previous article of designing education and marriage for youngsters . The case discussed of Ventakesh and Latha, got many comments about the high monthly investment required for teenagers education and marriage planning. therein case, that couple was earning well, and that they could afford to allocate that much amount for teenagers education and marriage planning as their other life goals were set. This is not the case for several middle-class Indian families. Parents do want to offer best to their kids, but this relies on our income. If our finances permit, we will fulfill those and feel relaxed, but if not, then what can we do? What can a financial Advisor neutralize such a situation? she can provide a rosy picture to the client and convey them that “All is Well “now and “All are going to be better tomorrow” or are often fair with them and make them understand the important situation and supply the answer accordingly. The first way is quite easy. Everybody wants secure solutions and assurance that things will always be favorable. How can this picture be created? Prioritize life goals: Give priority for retirement planning over the other goal. After retirement kid’s education and marriage planning goals, house purchase, car purchase goal, and dream vacations etc. are often accounted for. Invest within the proportion of the priority and urgency Study your spending pattern: once we can’t invest the specified amount to fulfill our goals what we will do? we've two options: spend less or earn more. we'd like to figure on both options. While studying our spending pattern we will put needs over wants. Pen down each expense or track the typical of six months expenses, etc. Save first spend later: this may help to extend saving as you'll fix your monthly saving percentage and achieve it. Make a monthly budget: Budgeting helps to be disciplined in spending and any impulsive spending are often curbed. Be content and find real happiness in experiences instead of things: If we start moulding our mind towards happiness we are deriving from the experiences, our desire to spend on material happiness will go down. this may help in increasing our savings. Focus on secondary/passive income: during this times , there are n numbers of excellent options available to earn a secondary income. Explore them. specialise in those during which you've got interest and knowledge. Use your overtime to earn this income which can assist you all achieve all those dreams and aspirations you've got in mind. Upgrade your skills and knowledge for a far better prospect. It was not hard to convince Prashant and Sneha to figure on these aspects. We mutually derived the subsequent points on which the budget was based. Financial Planning in jaipur may be a lifelong dynamic process. we've to stay reviewing our financial situation periodically, make necessary changes in our corpus requirement from time to time consistent with the change in our income and expenditure, family responsibilities, market returns etc and see how we will achieve all our dreams in our lifetime. mutual fund in jaipur, Tax planning in jaipur

[itsmyfintree-blog]

SIP Investment is where an investor invests a fixed amount of money every month on a fixed date. The Investors who do not wish to take the risk of investing in the volatile market can invest through Systematic Investment Plan. SIP claims disciplined investment & are flexible in nature allowing investors to invest as per their requirement. The investor can invest in SIP investment in small amounts as well.The SIP Investment Planner suggest you funds for investing depending upon your financial needs.

Just like you make EMI’s for today’s big expenses, choose a SIP for achieving your long term goals

Consult a SIP Investment Planner as it always advisable to make a plan to achieve your Short Term & Long Term Financial Goals

SIP Investment Planner helps you achieve your goals sensibly by making you invest in mutual funds as per your requirement and also help to manage your investment portfolio.

[righthorizons-blog1]

Certified Financial Planners in Bangalore

Everyone will have a dream in achieving their financial goals. You need a good advisor to guide you. There are many financial planning company's. But its important to be a Certified Financial Planners. Right Horizon is a SEBI registered Financial Planners.

Right Horizons started in the year in 2003.

Its head office is located in Bangalore, Karnataka.

We have our branch offices in 8 cities including Mumbai, Chennai and Hyderabad.

Our Company is a Financial Advisory firm which provides end to end wealth management plans under one roof.

The main focus is to provide solution for specific customer needs, catering from tax planning up to real estate level.

We will take care of all your financial needs with great precision and care.

Our Services Include:

Financial Planning

Wealth Management

Retirement Planning

Insurance Broking Services

Family Office

Real Estate

Corporate Offerings

Investment Banking

Non-Resident Indian Offerings

Corporate Advisory

CFP Training

Mutual Funds Online

Portfolio Management

                 “Your Goals + Our Expertise = Target Achieved“.

Right Horizon is a Certified Financial Planner which helps you to set a goal on how much you want to spend, save and invest at the same time to obtain a good financial future.

To know more in detail, kindly visit - http://www.righthorizons.com.

[all-the-news]

Aligning long-term goals with investments gives us confidence

Aligning long-term goals with investments gives us confidence

Being aware and informed helps. As happened with Navi Mumbai-based Kaushal Dongre. He became aware of investing in mutual funds through systematic investment plans (SIPs) from reading personal finance related news. Eventually he started investing in regular mutual fund plans through an agent. However, Kaushal and his wife Sayali, felt a strong need to consult a planner to align their long-term…

[moneycareplanner]

How can Financial Goal Planning Experts in Mumbai Help me Achieve My Goals?

Financial goal planning experts in Mumbai can work with you to develop a comprehensive strategy, including mutual fund investments, to help you reach your short-term and long-term financial objectives. Contact or visit our website to get started. For more information, visit https://www.moneycareplanner.com/asset-management-company-in-mumbai.php

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What Do Portfolio Management Companies in Mumbai Do?

When it comes to handling your investments, knowing where to start can be tricky. That’s where portfolio management companies in Mumbai come into play. These companies are here to help you make the most of your money by managing your investments efficiently. But what exactly do they do? Let’s break it down in simple terms.

Understanding Portfolio Management

Portfolio management is all about managing your investments to meet your financial goals. This includes deciding what to buy, sell, or hold in your investment portfolio. A portfolio is just a fancy term for all the investments you own, like stocks, bonds, mutual funds, and other assets. The aim is to maximize your returns while minimizing risks. One of the key services they offer is investing in mutual funds.

For instance, if you’re looking for mutual funds for short term goals plan in Mumbai, a portfolio management company can help. They’ll assess your financial goals, risk tolerance, and investment horizon, and then suggest the best mutual funds that align with your short-term objectives.

Services Provided by Portfolio Management Companies

Assessment of Financial Goals

The first thing a portfolio management company does is understand your financial goals. Whether you’re saving for retirement, planning your children’s education, or looking to grow your wealth, these companies tailor their services to meet your specific needs.

Investment Strategy Development

Based on your goals and risk tolerance, they develop a personalized investment strategy. This strategy outlines how your money will be invested to achieve your goals. For instance, If you have short-term goals, they might suggest mutual funds for short-term goals plan in Mumbai, which offer better liquidity.

Diversification

To reduce risk, portfolio management companies spread your investments across different asset classes. This means not putting all your money in one type of investment. They might invest in a mix of stocks, bonds, real estate, and mutual funds to balance the risk.

Continuous Monitoring and Rebalancing

The financial market is always changing, and so are your investment needs. Portfolio management companies regularly monitor your investments to ensure they are performing as expected. If needed, they rebalance your portfolio by buying or selling assets to maintain the desired level of risk and return.

Tax Efficiency

Managing your investments also involves minimizing the taxes you pay on your returns. Portfolio management companies use strategies to reduce your tax burden, such as investing in tax-efficient funds or timing the sale of assets to maximize tax benefits.

Reporting and Transparency

Keeping you informed is a big part of what these companies do. You get regular reports of your portfolio's performance and it tells you how your investments are performing. Transparency is key, so you always know where your money is and how it’s growing.

Why Choose a Portfolio Management Company in Mumbai? 

Mumbai is the financial hub of India, bustling with opportunities and expertise in the finance sector. Choosing a portfolio management company in Mumbai means you get access to some of the best financial minds in the country. These professionals have deep insights into the local and global markets, helping you make informed investment decisions.

Summary

Portfolio management companies offer a comprehensive service to manage your investments. They help you set financial goals, develop investment strategies, diversify your portfolio, monitor and rebalance your investments, and optimize tax efficiency. With their expertise and technology, they aim to maximize your returns while keeping risks in check. If you’re looking to grow your wealth and achieve your financial goals, partnering with a portfolio management company can be a wise decision.