Financial Planning

We all would be confused on the new rule issued by SEBI for mutual fund of consolidation of the funds to each other. We are confused on the thought that as an investor is my money safe to the investment I have made in that particular fund or not? Before all this thought let us understand what this move by SEBI is and what   would be its impact on us as an investor and market. Before  thinking off as something irrelevant for people like us, let me tell you upfront that  this is important . This is a big change that is taking place in mutual funds segment in India. Let me take some effort to try and make understand this rationalization exercise undertaken by almost all the mutual fund. This will help you better to understand how bigger can be your portfolio in future that what it is today. I may not be that proper or may miss few points but will try my best to cover as much as I can. Till now in the Mutual Fund Industry have been accused of starting ...

What is a Financial Plan? A financial plan is a comprehensive evaluation of an investor's current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans. Most individuals work in conjunction with a financial planner and use current net worth, tax liabilities, asset allocation, and future retirement and estate plans in developing financial plans. These metrics are used along with estimates of asset growth to determine if a person's financial goals can be met in the future, or what steps need to be taken to ensure that they are. Elements of a Financial Plan • Financial goals: A financial plan is based on an individual's or a family's clearly defined financial goals, including funding a college education for the children, buying a larger home, starting a business, retiring on time or leaving a legacy. Financial goals should be quantified and set to milestones for tracking. •...