Personal Finance

RBI Cuts Repo Rate by 25 Basis Points to 6.25%: How Will This Impact Your Personal Finance?

Personal Finance

6 min read

RBI Cuts Repo Rate by 25 Basis Points to 6.25%: How Will This Impact Your Personal Finance?

The Reserve Bank of India (RBI) uses the repo rate to regulate the flow of money…

60% of Urban Indian’s Financial Goals are Being Crushed By Unexpected Expenses

Personal Finance

2 min read

60% of Urban Indian’s Financial Goals are Being Crushed By Unexpected Expenses

“Hold fast to dreams, for if dreams die, life is a broken-winged bird that cannot fly.”…

How to Become SEBI Registered Investment Advisor: A Complete Step-by-Step Guide

Personal Finance

6 min read

How to Become SEBI Registered Investment Advisor: A Complete Step-by-Step Guide

Through a consultation paper it issued last year, SEBI acknowledged that India needs more RIAs (it…

Build an Emergency Fund or Invest First? What’s the Right Choice?

Personal Finance

3 min read

Build an Emergency Fund or Invest First? What’s the Right Choice?

During the Great Recession (December 2007 – June 2009), the U.S. unemployment rate rose from 5%…

How 1 Finance Applies the ‘Three Generations of Wealth Creators’ Framework in Financial Planning

Personal Finance

5 min read

How 1 Finance Applies the ‘Three Generations of Wealth Creators’ Framework in Financial Planning

Financial planning is not a one-size-fits-all approach. Each individual has unique financial goals, challenges, and levels…

How Can You Be Financially Ready for the Arrival of a Child?

Personal Finance

5 min read

How Can You Be Financially Ready for the Arrival of a Child?

The arrival of a child is one of the most significant milestones in life, bringing immense…

Why Should You Only Work with a SEBI Registered Investment Advisor?

Personal Finance

5 min read

Why Should You Only Work with a SEBI Registered Investment Advisor?

When it comes to making financial decisions, selecting the right professional to guide you is crucial.…

Types of Mutual Funds: What Are Different Types of Mutual Funds, How They Differ, and How to Invest in Them

Personal Finance

5 min read

Types of Mutual Funds: What Are Different Types of Mutual Funds, How They Differ, and How to Invest in Them

The Indian mutual fund industry has witnessed exponential growth over the past decade. As of December…

SEBI’s Mutual Fund Categorisation Guide That Every Investors Should Understand

Personal Finance

4 min read

SEBI’s Mutual Fund Categorisation Guide That Every Investors Should Understand

In 2017, the Securities and Exchange Board of India (SEBI) introduced new guidelines to categorise and…

Mutual Fund Taxation in India (FY 2024-25): What Investors Need to Know

Personal Finance

3 min read

Mutual Fund Taxation in India (FY 2024-25): What Investors Need to Know

Mutual funds continue to be one of the most popular investment options for individuals and institutions…

PMS or Mutual Funds: Where Does an Unfair Advantage Lie?

Personal Finance

3 min read

PMS or Mutual Funds: Where Does an Unfair Advantage Lie?

When it comes to wealth creation, investors often find themselves choosing between Portfolio Management Services (PMS)…

Flexi-Cap Funds vs. Sector Funds: Which One Should You Choose?

Personal Finance

3 min read

Flexi-Cap Funds vs. Sector Funds: Which One Should You Choose?

Investing in mutual funds can be confusing, especially when deciding between flexi-cap funds and sector funds.…

moneysign shape

Discover your MoneySign®

Identify the personality traits and behavioural patterns that shape your financial choices.

Frequently Asked Questions

faq-icon

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.

faq-icon

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.

faq-icon

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.

Chat with us