Get the life you want to live

Yes. As per the current Indian Income Tax Law, tax is payable on gains arising from sale of shares/units of mutual fund. Depending on the tenure of investment in shares, these gains are classified into: Short Term: If the holding period is 1 year or less, the resultant gain from sale of shares/units is termed as Short Term Capital Gains. Long Term: If the holding period is more than 1 year, the resultant gain from sale of shares/units is termed as Long Term Capital Gains.

Financial planning is a step-by-step approach to meet one’s life goals. A financial plan acts as a guide as you go through life’s journey. Essentially, it helps you be in control of your income, expenses, and investments such that you can manage your money and achieve your goals.

Financial Planning is an ongoing process to help you make sensible decisions about money that can help you achieve your goals in life; it’s not just about buying products. Our services cover various aspects of planning:

• Risk Profiling

• Review of existing assets and liabilities

• Counselling for removing unproductive assets

• Assessment of Financial Goals (retirement, child education, home purchase, etc.)

• Prioritization of Financial Goals

• Goal Affordability

• Goal-based Investment Advice

• Customized Asset Allocation

• Emergency/Liquidity Planning

• Detailed Investment Plan (including mutual funds, and other products)

• Review of Existing Life Insurance products; Review of existing Health and Disability Insurance

• Insurance Adequacy Assessment

There are numerous practical benefits to financial planning. It helps you to:

• Increase your savings: It may be possible to save money without having a financial plan. But it may not be the most efficient way to go about it. When you create a financial plan, you get a good deal of insight into your income and expenses. You can track and cut down your costs consciously. This automatically increases your savings in the long run.

• Enjoy a better standard of living: Most people assume that they would have to sacrifice their standard of living if their monthly bills and EMI repayments are to be addressed. On the contrary, with a good financial plan, you would not need to compromise your lifestyle. It is possible to achieve your goals while living in relative comfort.

• Be prepared for emergencies: Creating an emergency fund is a critical aspect of financial planning. Here, you need to ensure that you have a fund that is equal to at least 6 months of your monthly salary. This way, you don’t have to worry about procuring funds in case of a family emergency or a job loss. The emergency fund can help you pay for varied expenses on time.

• Attain peace of mind: With adequate funds at hand, you can cover your monthly expenses, invest for your future goals and splurge a little for yourself and your family, without worry. Financial planning helps you manage your money efficiently and enjoy peace of mind. Don’t worry if you have not yet reached this stage. If you are on the path of financial planning, the destination of financial peace is not very far away.

Your responsibilities as a client are:

• To communicate clearly and honestly with your advisor so they understand your financial circumstances, investment objectives and experience.

• To ask questions about investment matters that you do not understand.

• Be realistic in your expectations

• To track & monitor your investments based on your changing needs