Financial Planning

Financial Planning is a comprehensive evaluation of an investors current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans. We include 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 persons 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 individuals or a family 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.
  • Personal net worth statement: A snapshot of assets and liabilities serves as a benchmark for measuring progress towards financial goals.
  • Cash flow analysis: An income and spending plan determines how much can be set aside for debt repayment, savings and investing each month.
  • Retirement strategy: The plan should include a strategy for achieving retirement independent of other financial priorities. The plan should include a strategy for accumulating the required retirement capital and its planned lifetime distribution.
  • Comprehensive risk management plan: Identify all risk exposures and provide the necessary coverage to protect the family and its assets against financial loss. The risk management plan includes a full review of life and disability insurance, personal liability coverage, property and casualty coverage, and catastrophic coverage.
  • Long-term investment plan: Include a customized asset allocation strategy based on specific investment objectives and a risk profile. This investment plan sets guidelines for selecting, buying and selling investments and establishing benchmarks for performance review.
  • Tax reduction strategy: Identify ways to minimize taxes on personal income to the extent permissible by the tax code. The strategy should include identification of tax-favored investment vehicles that can reduce taxation of investment income.
  • Estate plan: Create arrangements for the preservation and distribution of assets with attention to minimizing settlement costs and taxes. Review and update estate panning instruments, such as wills, inter-vivos trusts, power of attorney, medical directives, and marital trusts.

All time high inflows suggest that the third wave has not dampened investors’ enthusiasm for equity mutual funds
Tue, 11 Jan 2022 11:58:58 +0530


All time high inflows suggest that the third wave has not dampened investors’ enthusiasm for equity mutual funds
Tue, 11 Jan 2022 11:58:58 +0530


In terms of volumes, Ethos traded with 26.37 lakh shares on the NSE, and 2 lakh shares on the BSE.
Mon, 30 May 2022 17:44:16 +0530


Ethos | The listing was on expected lines as the public issue just managed to sail through on the last day
Mon, 30 May 2022 10:06:58 +0530


Aether Industries IPO: The chemical company aims to raise Rs 808.04 crore through the IPO, which consists of a fresh issue of Rs 627 crore and an offer-for-sale of up to 2.82 million shares.
Thu, 26 May 2022 10:24:49 +0530


Aether Industries IPO: The chemicals company aims to raise Rs 808.04 crore from its public offer
Wed, 25 May 2022 10:18:25 +0530


Hem Securities has come out with its report on Aether Industries. The research firm has recommended to #39;#39;Subscribe#39;#39; the ipo in its research report as on May 23, 2022.
Tue, 24 May 2022 17:49:43 +0530


Anand Rathi has come out with its report on Aether Industries. The research firm has recommended to #39;#39;Subscribe-Long term#39;#39; the ipo in its research report as on May 23, 2022.
Tue, 24 May 2022 14:27:20 +0530


eMudhra IPO: The company will use Rs 35 crore of the net proceeds to pre-pay or repay loans, while Rs 40.2 crore will be utilised to meet working capital requirements
Tue, 24 May 2022 10:23:20 +0530


The chemical company aims to raise Rs 808.04 crore from its public offer. Out of Rs 808.04 crore, company aims to raise Rs 627 crore through fresh issues.
Tue, 24 May 2022 10:22:14 +0530


Choice Equity Broking has come out with its report on Aether Industries. The research firm has recommended to #39;#39;Subscribe with Caution#39;#39; the ipo in its research report as on May 23, 2022.
Tue, 24 May 2022 10:11:08 +0530


Arihant Capital has come out with its report on Aether Industries. The research firm has recommended to #39;#39;Avoid#39;#39; the ipo in its research report as on May 23, 2022.
Mon, 23 May 2022 13:41:10 +0530


eMudhra IPO: The company had done a pre-IPO placement of 1,603,617 equity shares for a cash price of Rs 243.20 per equity share for an aggregate amount of Rs 39 crore to Baring Private Equity India AIF 2, Acacia Banyan Partners, Motilal Oswal Equity Opportunities Fund Series III, Negen Capital Services Private Limited, Value Wise Consultancy Private Limited, Jagadeesan Kumar, and Krishna Kumar.
Mon, 23 May 2022 10:17:37 +0530