COMPREHENSIVE FINANCIAL PLANNING
not knowing that it’s much more than that. Financial Planning is a process
which helps in creating a roadmap to help you achieve your financial goals
in a time bound and planned manner. Here we explain to you
what you can expect from your Financial Planning exercise with us.
COMPREHENSIVE FINANCIAL PLANNING
Most people confuse Financial Planning with investment management not knowing that it’s much more than that. Financial Planning is a process which helps in creating a roadmap to help you achieve your financial goals in a time bound and planned manner. Here we explain to you what you can expect from your Financial Planning exercise with us.
A financial plan will ideally consist of 2 parts
YOUR CURRENT SITUATION
Under this category, the following details will be Analyzed and provided in a tabular-easy to understand format.
| Category | Details |
|---|---|
|
Cash Flow Statement |
Containing details on total monthly/ Annual income from all sources and expenses |
|
Insurance Policies details |
Containing information on Sum insured, death cover & Expected maturity benefits |
|
Investment Details |
Details of all investments such as FD, RD, Mutual funds, Stocks, Property, etc |
|
Net worth Statement |
Statement stating your current Net worth after deducting the liabilities |
|
Financial Goals |
Details of each financial goal, its present value and future value and year of achievement |
|
Risk Profile |
Your present Risk profile – Aggressive / Moderate or Conservative |
|
Ratio Analysis |
Here we inform you on your savings ratio, Liquidity ratio, debt ratio etc. Very good indicator of where you are well placed and in which area you need support |
|
KYC Compliance, holding pattern & Nominations |
Complete financial hygiene check on your investments held to ensure that the KYC, Bank accounts and Nominations are updated |
| Category | Details |
|---|---|
|
Contingency |
How much you should keep aside for contingency/ Emergency. How much to be maintained in bank account/ liquid funds etc |
|
Insurance Cover |
How much life, health and accident cover you/ spouse need & advise on products |
|
Insurance Policies review |
Which insurance policies to be retained, Stopped, Surrendered with valid reasons and calculations |
|
Financial Goals achievement status & advise |
How to achieve your financial goals. Where and how much you need to invest. Which of your current assets can be allocated to those goals and what is the shortfall if any |
|
Asset Allocation & Investment Planning |
What is the ideal asset allocation for you? Where you need to invest. Details of products/ Schemes for example- advise on mutual funds portfolio. Also review of existing investment schemes and advise on which ones to maintain, sell, etc |
|
Tax Planning |
Identifying if all tax saving sections are being utilised and advice on how to go about utilising the same. Incorporating investment planning with tax planning for optimum benefits |
ADVICE
Here we will advise you on the following parameters
Before making any investments, one needs to have their financial plan in place to avoid making mistakes of choosing the wrong products/ solutions which may derail your long-term plans.
YOUR CURRENT SITUATION
Under this category, the following details will be Analyzed and provided in a tabular-easy to understand format.
| Category | Details |
|---|---|
|
Cash Flow Statement |
Containing details on total monthly/ Annual income from all sources and expenses |
|
Insurance Policies details |
Containing information on Sum insured, death cover & Expected maturity benefits |
|
Investment Details |
Details of all investments such as FD, RD, Mutual funds, Stocks, Property, etc |
|
Net worth Statement |
Statement stating your current Net worth after deducting the liabilities |
|
Financial Goals |
Details of each financial goal, its present value and future value and year of achievement |
|
Risk Profile |
Your present Risk profile – Aggressive / Moderate or Conservative |
|
Ratio Analysis |
Here we inform you on your savings ratio, Liquidity ratio, debt ratio etc. Very good indicator of where you are well placed and in which area you need support |
|
KYC Compliance, holding pattern & Nominations |
Complete financial hygiene check on your investments held to ensure that the KYC, Bank accounts and Nominations are updated |
| Category | Details |
|---|---|
|
Contingency |
How much you should keep aside for contingency/ Emergency. How much to be maintained in bank account/ liquid funds etc |
|
Insurance Cover |
How much life, health and accident cover you/ spouse need & advise on products |
|
Insurance Policies review |
Which insurance policies to be retained, Stopped, Surrendered with valid reasons and calculations |
|
Financial Goals achievement status & advise |
How to achieve your financial goals. Where and how much you need to invest. Which of your current assets can be allocated to those goals and what is the shortfall if any |
|
Asset Allocation & Investment Planning |
What is the ideal asset allocation for you? Where you need to invest. Details of products/ Schemes for example- advise on mutual funds portfolio. Also review of existing investment schemes and advise on which ones to maintain, sell, etc |
|
Tax Planning |
Identifying if all tax saving sections are being utilised and advice on how to go about utilising the same. Incorporating investment planning with tax planning for optimum benefits |
ADVICE
Here we will advise you on the following parameters
Before making any investments, one needs to have their financial plan in place to avoid
making mistakes of choosing the wrong products/ solutions which may derail your long-term plans.
Fee
Financial planning fees for the first year ranges from Rs. 25000 onwards for a single income family
and Rs.35000 onwards for a double income family. It will also depend on the complexity of the Financial plan to be constructed.
To receive a quote kindly fill the enquiry sheet
Fee
Financial planning fees for the first year ranges from Rs. 20000 onwards for a single income family and will depend on the complexity of the Financial plan to be constructed.
