The importance
of Financial Planning in today’s day and
age emanates from the following 4 factors:
- Changing lifestyles and increasing desires: Today,
a car and an air-conditioner are no longer considered luxuries.
Neither are mobile phones. If we can’t do without them
today, there is every possibility that we will need these goods
even in old age, or at a time when our earnings are very low.
- Combat inflation: No ordinary distributor
will tell you the actual value of the product you purchase
from him/her at the time of its maturity. With inflation at
8-10%, real returns from our FDs in banks are actually negative.
And it’s important to put your savings in instruments
that will actually give good returns, after factoring in inflation.
It is the single biggest ‘silent killer’.
- Selecting the right investment product and options: Today,
there are over 2,000 mutual funds, dozens of FMPs, a variety
of insurance policies and thousands of other investment options.
Financial planning helps you choose the right products to meet
your goals and objectives.
- Meet expected and unexpected needs in life: Life
is full of ups and downs. If you plan for your future, you
will be in a better position to handle the unexpected and expected
financial needs that life will spring up.
Basic requirements:
How do we go about it?
Our investment process begins with you. We perform a careful
assessment of your individual needs and aspirations, and our
evaluation is based on:
- Goals and objectives,
- Investment time horizon,
- Liquidity needs,
- Desired rate of return; and
- Tolerance for risk
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