1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
7 min read
How to Invest in Mutual Funds
“Mutual funds were created to make investing easy, so consumers wouldn’t have to be burdened with…
5 min read
Form 15G & Form 15H: Overview, Usage, Parts, and Eligibility
If you have completed your tax filing for 2023-24 and are now looking to maximise your…
4 min read
Capital Gains from Equity and Mutual Funds: Special Considerations Under Section 111A & 112A
Income tax laws have distinct rules for the taxation of equity shares and mutual funds. To…
How Does India invest? A Look Into 2023 Report
Investments are often a window into a nation’s economic pulse and the confidence of its people.…
5 min read
Section 80 Deduction List
Tax planning plays a vital role in managing your finances effectively. Amongst many deductions in the…
3 min read
What is a Financial Planning Centre?
Your financial future is a vital part of your life. It encompasses your dreams, your security,…
3 min read
Product over people : How you are missold a financial product
Picture this: you step into a financial institution, most likely a bank, seeking an insurance plan…
4 min read
Should You Invest in NFOs or Existing Mutual Fund Schemes?
Choosing between a new fund offer (NFO) and an existing mutual fund scheme depends on personal…
4 min read
Understanding Tax Credits: How to Use Form 26AS and Annual Information Statement (AIS) for Accurate ITR Filing
Form 26AS and Annual information statement (AIS) display a comprehensive view of the financial transactions made…
10 min read
Fixed Deposits vs. Debt Mutual Funds: The Legacy of Top Investments in India
Priya, a 28-year-old IT professional based in Bangalore has recently received a bonus of Rs. 5…
6 min read
Advance Tax in India: A Guide for Individuals
Demystify advance tax in India and take control of your financial obligations with this comprehensive guide…
8 min read
Active vs Passive Mutual fund: Which is best for you?
Undecided on active vs. passive mutual funds? Get clarity on your investment goals and risk tolerance…
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Frequently Asked Questions
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.
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.
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.
