Financial Planning

A financial plan is the road map for your financial life. It covers major financial areas of your life addressing aspects such as cash flow, savings, debt management, risk management, childrens education planning, taxes, retirement, estate planning, and of course, investments and a strategy for managing them. It is more than a guide. It is a written strategy that gives you a clear, pragmatic path to follow towards the accomplishment of your most important financial goals.

Having a financial plan is like having a travel plan - it identifies where youre going, how and when youll get there, how much will it cost, and things to do along the way. A personal financial plan looks at where you are today and where you want to go. Then it sets out all the steps you need to take to get there. Everyone who is earning should draw up a financial plan. The plan will help you get the most from your money and help you in achieving your financial goals in life.

Some people naturally resist the process of creating a Financial Plan. Initially, it seems overwhelming and/or just too much of trouble. However, the potentially devastating consequences of not having it are far greater than the initial discomfort that you experience of the process. For most people we have worked with, the hardest part is just making the decision to get started. Once the process has begun, most clients find it engaging and interesting.

Do you need financial plan?
Yes - if you have an income, a family or planning to have one in the future, retirement dreams, and for many other financial reasons / goals that are unique to you. No one can predict the future but one can certainly be better prepared for it. An effective financial plan will make sure that you are financially prepared to deal with the unexpected events and stormy times. If you dont have one, youre more likely to end up in a financial mess. On the contrary, if you have one and the recommendations thereon have been executed, most of your financial goals will be satisfactorily met. A good financial plan can alert you to changes that must be made to make sure a smooth transition through lifes financial phases, such as decreasing spending or changing asset allocation.

By developing a financial plan you and your family:

  • Will have a better understanding of your current financial position.
  • Determine attainable retirement, education, insurance, and other financial goals.
  • Review goals, funding strategies, and alternatives to balance all goals.
  • Have the necessary financial resources set aside to fund your goals as they occur.
  • Reduce the effects of unexpected events such as disability, premature death etc.

You need not be very rich to have a financial plan. No matter how much you earn and at what age, a plan is important to make your life easier. As your financial situation influences almost every aspect of your life, a regular financial plan can help give you peace of mind and protect you from unforeseen, unfavorable situations. Once you have a working personal financial plan, you can use it to make informed financial choices. Having a good financial plan will allow you an over view of what you can afford. It will allow you to analyze your wants versus your needs. It also provides you a way to see how to avoid major financial mistakes in the future.

Risks of not having a financial plan:
You may be able to achieve what you want today but might not be able to achieve what you need few years down the line. Say, if you buy a new car now, you might not have enough funds later to buy your dream home.

You may not see the big picture. Say, you may grow your wealth by making good investment choices but end up being tax inefficient and pay more taxes than you need to.

You may take a short-term view of an opportunity and make rushed financial decisions, or fall into some scam trap. Worst of all, you may end up doing nothing (and just thinking of doing something) and never achieve your financial goals.

You might become a victim of mis-selling and build a corpus of investment products that neither suits your financial needs nor your risk profile.

You are very much likely to worry more about money and financial security. You may not know where you are today and where are you heading for.

Tips for Effective Financial Plan

  • Be realistic with your investment returns; dont plan to outperform the markets.
  • Account for market risk and dont assume the same return to repeat every year.
  • Dont forget to plan for inflation, taxes and your financial planners fees.
  • Review your financial plan regularly to see if you are on track or need any changes in the plan.

The need for financial plan is all the more very important in the turbulent economic times of today. If you dont have one till now, dont delay any more and Get it Now. Dont be self-satisfied that you will be okay whatever happens. Face the reality. Unless you develop a financial plan early, it will be too late.

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MFs log Rs 1.24 lakh crore inflows in June quarter on strong interest in liquid, arbitrage funds This follows an outflow of over Rs 94,200 crore into mutual fund (MF) products in the preceding three months, according to data with Association of Mutual Funds on India (Amfi).
Mon, 27 Jul 2020 13:25:12 +0530


Why the sharp fall in equity inflows is not a cause for concern The low net equity inflows shouldn’t be read as fading interest either in equities or mutual funds but is explained by investor’s instinctive response to a dazzling rise in equities
Thu, 09 Jul 2020 10:42:53 +0530


Sacchitanand Uttekar If we dissect the move to detail then the journey from 10840 till now, it has been the most volatile due to high frequency of sector rotations, and leadership rotations within the index constituents.
Sat, 08 Aug 2020 12:32:27 +0530


Small  Midcaps shine: More than 170 stocks in BSE500 rose 10-40% in just a week The SP BSE Small-cap index rallied nearly 5 percent while the SP BSE Mid-cap index closed with gains of over 3 percent for the week ended August 7.
Sat, 08 Aug 2020 08:54:44 +0530


Prateek Pant Agrawal is of the view that businesses that are able to grow in a sustained manner over medium to longterm say 3-5 years horizon tend to do vastly better than other businesses.
Fri, 07 Aug 2020 17:06:53 +0530


Rakesh Jhunjhunwala, Damani, Ashish Kacholia  Vijay Kedia each have at least 1 of these four stocks in their portfolio Karur Vysya Bank fell more than 40% so far in the year 2020, and Prozone Intu Properties fell by about 20%. On the other hand, Birlasoft rose 70% while Vaibhav Global rallied by about 90% in the same period.
Fri, 07 Aug 2020 10:01:31 +0530


Trade Spotlight: Aarti Drugs, Caplin Point  Aurobindo Pharma hit 52-week high, what should investors do? Experts are of the view that investors should trade with caution, and a more sustainable move can be seen only a close above 11225. Immediate support is placed at 11,100 levels.
Fri, 07 Aug 2020 08:22:36 +0530


After The Bell: Nifty back above 11200, what should investors do on Friday? If the bulls manage to push and hold the Nifty above 11,256, then the eventual target could be a retest of the recent swing high at around 11,341, say experts.
Thu, 06 Aug 2020 17:45:32 +0530


D-Street Talk podcast | Investors feeling edgy at higher levels, but equity is here to stay: Sonam Udasi Going forward, investors over the year globally will be pushed at market-determined instruments that could include equities, bonds, REIT, etc. in a bit to save their wealth from eroding.
Thu, 06 Aug 2020 17:42:16 +0530


#39;IT, telecom among 4 sectors that can be considered for portfolio in times of COVID#39; If there is a sharp correction around the results, it may be a good entry point for investors from a medium-term perspective. In terms of events, the markets would continue to track the news flow on the availability of vaccine.
Thu, 06 Aug 2020 11:40:18 +0530


50% chance of bulls remaining in control of D-St in August; what should investors do? The Nifty50 recorded a cut of nearly 9 percent in the year 2011, followed by 2015 when it slipped 6 percent, and in the year 2013, it dropped by about 4 percent.
Thu, 06 Aug 2020 09:56:09 +0530


Trade Spotlight: Tata Steel, HDFC,  Axis Bank in focus; what should investors do? Experts are of the view that as long as Nifty holds above 11050 zones then buying interest could emerge towards 11250 zones while on the downside support exists at 10900-10880 zones.
Thu, 06 Aug 2020 08:20:17 +0530


3 Point Analysis | Why are investors opting for ETFs? Investors are moving away from actively-managed equity funds. In June, ETFs saw inflows of Rs 4,092 crore, four times higher than the previous month
Wed, 05 Aug 2020 19:38:36 +0530


After The Bell: All that glitters is #39;Gold#39;; what should investors do on Thursday? One may expect Nifty to move up and retest the swing high of 11,340 levels in the near term. Daily 14 period RSI is placed at the edge of 60. Its sustainable move above 60 could mean more upside for the market ahead.
Wed, 05 Aug 2020 17:11:59 +0530


Amit Jain At the current market level of Nifty at 11,300 we are not advising any fresh long positions.
Wed, 05 Aug 2020 13:18:02 +0530


Over 70 stocks in BSE500 hit 52-week high in July; time to chase momentum? Experts say going ahead auto, pharma and chemicals sector look attractive. Analysts name 20 stocks that have a potential to outperform in August. These include Wockhardt, PI Industries and Rallis India
Wed, 05 Aug 2020 10:19:45 +0530


After The Bell: Bulls back in action, what should investors do on Wednesday? Caution should be maintained and if traders are long on the index, then a stop loss could be placed below 10,900 levels, say experts.
Tue, 04 Aug 2020 17:09:28 +0530


Mindspace Business Parks REIT zooms over 10% in debut trade The Rs 4,500-crore public issue of Mindspace Business Parks REIT was subscribed nearly 13 times late last month.
Fri, 07 Aug 2020 22:17:04 +0530


Mindspace REIT lists at 11% premium on issue price of Rs 275 This is the second REIT listing on the exchanges, after Embassy Office Parks REIT which was listed in March 2019 following fund raising of Rs 4,750 crore via IPO.
Fri, 07 Aug 2020 10:22:19 +0530


Mindspace Business Parks REIT to debut on August 7, issue price set at Rs 275 per share Sharad Mittal of Motilal Oswal Real Estate Fund feels from Mindspace, investors can earn a return of 11-12 percent of which 7-8 percent which accrues from rental yield is as stable as debt.
Thu, 06 Aug 2020 12:00:30 +0530


Mindspace Business Parks REIT IPO subscribed 13 times on final day Mindspace REIT public issue consists of a fresh issue of Rs 1,000 crore and an offer for sale of Rs 3,500 crore.
Wed, 29 Jul 2020 18:08:23 +0530


Mindspace Business Parks REIT IPO fully subscribed on second day The issue will close on July 29 and the bids can be made for minimum 200 units and in multiples of 200 units thereafter.
Tue, 28 Jul 2020 19:23:01 +0530


Mindspace Business Parks REIT IPO subscribed 38% on Day 1 From an investor standpoint, the REIT product is a must-have in any portfolio, said Sharad Mittal, CEO at Motilal Oswal Real Estate Fund.
Mon, 27 Jul 2020 19:37:07 +0530


IIFL Securities recommends subscribing to Mindspace Business Parks REIT IPO; here#39;s why IIFL Securities has recommended the issue for investors seeking returns similar to debt asset class.
Sun, 26 Jul 2020 15:56:10 +0530


Mindspace Business Parks REIT IPO opens on July 27; here are 10 things you should know Mindspace has so far raised Rs 2,643.74 crore from strategic and anchor investors, which is 58.74 percent of the total issue size of Rs 4,500 crore.
Sat, 25 Jul 2020 15:02:45 +0530


3 Point Analysis | Rossari Biotech#39;s stellar listing: What should investors do now? The stock opened with a premium of Rs 245, or 58 percent, on the BSE against its issue price of Rs 425 per share, and rose to Rs 710 intraday, i.e. 67.1 percent higher
Thu, 23 Jul 2020 21:20:14 +0530


Rossari Biotech debuts at Rs 670 with 58% premium over IPO price The listing premium was much higher than the grey market premium (of around Rs 160-180 per share) as well as analysts#39; expectations of Rs 130-175 per share.
Thu, 23 Jul 2020 10:03:35 +0530


Subscribe to Rossari Biotech: Ajcon Research Ajcon Research Rossari Biotech Started in CY03 as “Rossari Lab tech”, a partnership firm, Rossari was converted to Company in CY09 by Mr. Edward Menezes and Mr. Sunil Chari.
Fri, 17 Jul 2020 15:09:34 +0530


Yes Bank FPO subscribed 95% so far, QIB remains strong on final day The maximum bids received at lower end of price band of Rs 12-13 per share. In fact, the anchor book, through which the lender had received Rs 4,098 crore, was also subscribed at Rs 12 per share.
Fri, 17 Jul 2020 15:06:55 +0530


Rossari Biotech#39;s Rs 496-crore IPO subscribed 79 times so far on last day The public issue consists of a fresh issue of Rs 50 crore and an offer for sale of 1.05 crore equity shares by its promoters Edward Menezes and Sunil Chari.
Wed, 15 Jul 2020 11:58:45 +0530


Rossari Biotech IPO subscribed 3 times on Day 2 amid retail, QIB interest In past 3 years (FY17-FY20), company has delivered stupendous growth on revenue, EBITDA and net profit level, which grew at a CAGR of 42 percent, 57 percent and 60 percent respectively.
Tue, 14 Jul 2020 14:40:37 +0530


Subscribe to Rossari Biotech: Emkay Global Financial Emkay Global Financial Rossari Biotech is planning to raise ~Rs4.95bn through a mix of fresh issue (Rs500mn, 1.17mn shares) combined with Offer for Sale (OFS) route (~Rs4.45bn, 10.5mn shares), to the public.
Mon, 13 Jul 2020 18:07:11 +0530

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