Financial Planning Archives

Rupee Cost Averaging: Magic Behind Your SIP

SIP in Mutual Fund is all weather strategy, but why? What makes it a foolproof strategy? Let’s understand. Equity market does not move in straight lines. Of Course that makes it special. Because it is through this process it gives higher returns in the long run. But here comes the dilemma of a conservative investor. He/she cannot bear this sharp volatility. Also, timing the market becomes another big challenge for a beginner. Answer to all these challenges is avoid timing the market and averaging the purchase. Every month a certain amount of money is invested, same time and same amount.

nivesh_admin2020-03-04T14:55:09+00:00March 4th, 2020|Financial Planning, Mutual Fund, SIP|

Budgeting: Your First Step to Financial Freedom

Have you thought financial planning is just about your investment? No, budgeting i.e. your plan to spend is also a very important factor. Infect, it's a first step towards your financial freedom. Budgeting will help you save more and saving will help you invest towards your financial goals. So effective saving is possible with budgeting. As they say, ‘the devil is in the detail.’ All your complaints about not being able to save will vanish if you start checking your spending pattern. What is better, to plan before you spend or repent after you spent? Well, the choice is apparent!

nivesh_admin2020-03-02T15:13:53+00:00March 2nd, 2020|Budgeting, Financial Planning|

Importance of a Financial Planner

All of us respect a sound advisor. But often we ignore the importance of having one. Financial planning is a subject which requires deep knowledge and understanding estimating client needs. It is a scientific approach and also an art which comes by experience. How to take full advantage of having a financial planner? First is to know his/her role and importance. Financial Planner helps you define your financial goals: First role of a financial advisor is to make you aware about your future needs. Unless you are clear about it, no robust investment can succeed. If it is not tailored

nivesh_admin2020-02-29T15:47:19+00:00February 29th, 2020|Financial Planning|

Importance of Estate Planning

Estate planning is passing of assets or investments down from one generation to another. It is a dynamic process that needs to be reviewed at regular intervals to absorb any changes that might happen in our lives or in the laws of the country. In another words, estate planning is the process of anticipating and arranging for the management and disposal of that person's estate during the person's life and after death with minimum tax liability. The ultimate goal of estate planning can be determined by the specific goals of the individual, and may be as simple or complex as

nivesh_admin2020-02-17T15:36:44+00:00February 17th, 2020|Estate Planning, Financial Planning|

Steps to Start Your Financial Planning

Month of March is nearby and tax planning season is at peak. Often in the process of selecting right product for saving tax, we miss the basic financial planning process. What is financial planning & why is it important? Financial Planning is a step by step process of analysing your current situation and focusing on what is priority investment decision one has to take. While one needs to visit his/her financial advisor preferably a CFP for detailed analysis, certainly there are some basic things one can analyse by self. Following are some basic points of Financial Planning: Emergency (Contingency) Fund: Any financial

nivesh_admin2020-02-17T09:24:42+00:00February 17th, 2020|Financial Planning|

Importance of Goal in Investing

life without goal is like a race without finish line, you are running nowhere!’ It also applies to your investment. No amount of investment will be sufficient unless you have a purpose for it. Also in Mutual Fund it is said, ‘Mutual Fund can fulfil your financial needs, but it cannot fulfil your greed.’ Often we see individuals losing their money in the equity market due to many reasons. But question comes, why do they make such mistakes? One of the answer is we humans are emotion driven. So at the time of taking decisions we tend to go with

nivesh_admin2020-02-17T09:23:07+00:00February 17th, 2020|Financial Planning|