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Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.

ULIP mis-selling: Is ULIP a good investment or a mis-sold product?

Personal Finance

4 min read

ULIP mis-selling: Is ULIP a good investment or a mis-sold product?

Unit Linked Insurance Plans (ULIPs) are marketed as an attractive blend of...

Basics of REITs explained: The simplest way to invest in real estate in India

Real estate

7 min read

Basics of REITs explained: The simplest way to invest in real estate in India

What if your friend said he “owned a part of a tech...

Mis-selling: A step-by-step guide on how to spot risky financial products

Personal Finance

8 min read

Mis-selling: A step-by-step guide on how to spot risky financial products

Learn how you can protect yourself from financial misselling

Bank mis-selling insurance in India: Banks made ₹21,773 crore in third-party sales commissions

Personal Finance

4 min read

Bank mis-selling insurance in India: Banks made ₹21,773 crore in third-party sales commissions

Mis-selling has spread like a disease in India. Urgent preventive measures are...

The multi-cap funds dilemma: Is the 25% allocation rule holding fund managers back?

Mutual Fund

7 min read

The multi-cap funds dilemma: Is the 25% allocation rule holding fund managers back?

When you look at equity mutual funds, the first thing that comes...

NPS vs. UPS: How to choose the right pension scheme

NPS

9 min read

NPS vs. UPS: How to choose the right pension scheme

NPS is market-linked whereas UPS offers fixed payout. Which one should you...

Debt mutual funds and negative returns? Why ‘safe’ investments can still lose money

Mutual Fund

5 min read

Debt mutual funds and negative returns? Why ‘safe’ investments can still lose money

The very name of debt mutual funds creates a sense of comfort,...

HDFC Regalia Gold Credit Card review 2025: Premium, but not quite

Credit cards blogs

7 min read

HDFC Regalia Gold Credit Card review 2025: Premium, but not quite

A credit card that finds balance when it comes to reward category....

Are debt mutual funds really safe? The hidden risks you need to know

Mutual Fund

10 min read

Are debt mutual funds really safe? The hidden risks you need to know

As fixed deposit (FD) interest rates decline, fixed-income investors are left wondering,...

Advance tax deadline on September 15: What it is, who needs to pay and how much

Tax Planning

6 min read

Advance tax deadline on September 15: What it is, who needs to pay and how much

If you’ve been getting confused about advance tax or wondering whether it...

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Frequently Asked Questions

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What is financial planning?

Financial planning is the process of evaluating your current finances and making a plan to map your journey to financial well-being.

It involves looking at all aspects of your financial life - income, savings, debt, investments, etc.

The aim is to understand where you stand today financially and then chart a course to get you where you want to be in the long run.

Financial planning provides direction and structure to your finances. It helps you intentionally move toward financial wellness.

The plan equips you to prepare for expected life events like retirement as well as unexpected events.

In short, financial planning bridges your present circumstances to your desired financial future. It gives you a path to follow.

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What are the benefits of working with a financial advisor?

Working with a financial advisor can provide an invaluable perspective on your current situation. With the help of a financial advisor, you can assess your finances holistically - debts, assets, income streams, and more. With this comprehensive understanding, the advisor helps craft strategies tailored to your needs.

A financial plan crafted by a qualified advisor grants you agency over your financial life. It transforms vague anxiety about the future into proactive preparation. With expert guidance, you can map out actionable steps to strengthen your finances over time.

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Why is financial planning important?

Financial planning is important because it provides clarity and control over your finances.

Having a financial plan helps you:

  • Understand where you stand financially today
  • Map out specific steps to improve your financial situation
  • Prepare for major life events like marriage, child’s education, retirement etc.
  • Budget effectively and evaluate your investment portfolio
  • Strategic Tax Planning & Filing
  • Manage and reduce debt
  • Being financially ready for emergencies
  • Creating a will to preserve your legacy

In short, financial planning is essential for financial stability and peace of mind. It gives your finances direction and purpose. With proper planning, you can take charge of your money and build financial security.

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