Why do we need financial planning?
Financial planning is an essential step that must be taken, in order to secure your financial well-being through time. At different life stages, you will require substantial amounts of wealth, not to mention, living an exuberant lifestyle on a budget. This is where financial planning comes in. For instance, if you are planning to buy a car at age 25, a house at age 30, and get married at 32 years. These are substantial expenditures, for which you must plan accordingly. Financial Planning is nothing but creating a well-chalked-out plan to meet your short-term, mid-term as well as long-term financial goals based on your asset allocation and risk profile. So, in order to do a proper financial plan, you also need to understand your risk-taking capacity, i.e. your risk profile and then determine your asset allocation. Thus, by creating a Financial Plan, you will be able to understand which…
How to build a tax-free pension plan?
Debt mutual funds are those that invest in fixed income instruments – such as corporate and government bonds, overnight securities
When is the right time to invest in the Equity market?
It’s the end of another financial year, and many of you will be receiving your annual performance bonus. Exciting time, isn’t it?
