Financial Planning

Money Management Do you think, you have enough money for your retirement or future goals? Do you feel you have successfully and financially achieved or can achieve for which you dreamt of? Are you confident that your life is secured or on the right path financially? If your answer is 'Yes', then this article may not be written for you as time saved is money earned, so close the tab. For those, who are with us and their answer is ‘maybe” or “No” continue reading. We will tell you, how you can make fortunes and become rich by small savings every month. The simplest way to make a fortune and become rich is money management. Money management is an art in which all individuals needs to work on. The old saying “Money saved is Money earned” is a bit outdated, now a day’s “money saved and invested properly is money earned”. As an individual, you need to analyze your annual expenses, annual luxury, and opportunities available for multiplying your savings. A righ...

Risk Profiling & Financial Planning Mr. Gurmeet and Mr. Rajesh are both working professionals. Gurmeet is a 28-year-old young individual and Mr. Rajesh is in his early 40’s. Do they have the same risk profile? The answer is NO. Let’s take another example, suppose both are of the same age with one being a salaried employee and other a businessman, again the same question “Do they have the same risk profile?” The answer will still remain the same “NO “. Why? Risk profiling before any investment is an immensely critical part. Many of us fail in assessing the risks involved with individuals and investment. A 28-year-old salaried professional will have different risk profiles compared to a 42-year-old salaried professional. Similarly, 28-year-old a businessman will have different risk profiles compared to a 28-year-old salaried professional. Their life’s financial goals are different, their risk appetite is different. In today’s world, each individual has its ...

Financial planning for Retirement fund In today’s world, everyone is running towards making his or her life more comfortable financially. Be it urban or rural population both save money for their future. In our life, we have all sorts of financial goals like children’s education, vacation planning, children’s marriage or buying a new car. But out of this which we don’t consider is the most important task of life which is retirement funding. At a particular age, individuals will stop earning fresh money but expenses will still be there. Major percentage of individuals starts saving for retirement fund after they cross the age of 45 plus. This is actually very difficult to build a decent corpus for retirement at that age as major of liabilities and goals start maturing at that time and which leads to higher expenses and generally individuals are left with no or small corpus of retirement fund. Retirement is actually a period wherein an individual will definitely wish to tra...

  MUTUAL FUNDS: LOOKING AHEAD Being a retail or HNI investor, majority of investors have chosen mutual funds or systematic investment plan as investment tool. When Retail investment products like fixed deposits, NSC, KVP & etc. products have become dull products on returns parameter, then as Investors many people started investments in mutual funds for better returns. The golden period of returns from 2016 to 2018 has gone now. Markets are showing uncertainty in lieu of global cues, political uncertainty, higher crude prices, high bond yields, and higher dollar prices. If we see the returns pattern from the last three months in the major of the funds, they are negative.   Is it the end of the mutual fund era? Major of investors, with the help of an investor education program and mutual funds initiative program, started investments in mutual funds and other structured products as traditional products became less lucrative in terms of returns. With the way of SIP...

Union Budget 2018-2019: Impact and Analysis Annual budget proposals have been tabled yesterday by Mr. Arun Jaitely (Finance Minister) in Parliament. There were many proposals to boost the rural economy, employment situation and controlling inflation. There were proposals towards making India a manufacturing hub also. Make in India is the flagship program of our government and the budget has given focus on this. Apart from this, the government has also focused on social sector reforms by introducing a health care scheme for 40% of the population of India. Corporate tax has been reduced to 25% from 30% for SME and MSME whose turnover is less than 250 Cr in a year. Union Budget Proposals Indian stamp act to be modified in consultation with states.   Bank Bill discounting to be linked with GSTN. New gold policy to be announced. Fiscal Deficit at 3.5% of GDP for 17-18 and 3.3% of GDP for 18-19. Presumptive income tax compliance for bu...