Financial Planning:

The purpose of a financial plan is to set you on a path to achieving your financial goals. There are no independent financial decisions and there is a greater ability to make wise choices when we are able to see with a long-term perspective. A well-crafted, integrated plan is a road map showing an efficient way to get to your desired destination. First step of financial planning is to appoint a financial planner who suggests you to choose best insurance schemes/cover by identifying your needs. He will also give you advice how and where to invest your finances to achieve your goals.

Insured Big Risk (Family Security)

Sometimes in life things go wrong. If your house burns down, an earthquake strikes, your car is involved in a crash or you fall ill, you may face large costs which you can’t afford. The risk of some of these things happening may be small. But if they did happen, the impact on your finances could be huge. You can either face these risks yourself or take out insurance to cover them. You must insure yourself in case something happen to you which gives financial security to your family.

Medical Insurance(Individual & Family)

Health Insurance Plan gives you the flexibility to get cover both on an individual basis (self, spouse, parents) and as a family (including children). These are designed to offer complete protection to you and your family against sudden illness, accidents and unexpected hospitalization.

Emergency Funds

In life you should expect the unexpected, and this is why you need an emergency fund. The best you can do is to prepare for emergencies that require access to additional money and having an emergency fund is the ideal solution. Financial emergencies can come in the form of a job loss, significant medical expenses, home or auto repairs or something you’ve never dreamed of. The last thing you want to do is to rely on credit cards or a loan which could simply compound the problem.

Identify Your Goals

Setting financial goals throughout your lifetime is an important part to building a budget. Financial goals can address your immediate needs, your long term dreams, and everything in between. Everything is possible when you identify your personal financial goals and develop a plan for reaching them.

How To Save Money

How can you decide where to make cuts or find extra cash to save if you have no idea where all of your money is going? You can’t. So, it’s time to create a budget and plan your finances.

Start Investment

FPI Solution show you smart ways to invest that suit your lifestyle needs and investment goals. Investments can be started with a very small amount which can be increased anytime according to your comfort. Investment habit can help you to achieve your goals easily.

Tax Saving

Tax planning involves selecting the right tax saving instruments and making investments accordingly. Tax-saving products play an important part in financial planning. While some products deliver fixed returns, equity-linked saving schemes (ELSS) have twin benefits.

Short Term Goals

Short-term goals are generally smaller in scope with a definite target date for accomplishing them. For example, short-term goals could be the purchase of household furniture, minor home improvements, saving for a car down payment, etc. But these short-term goals differ from the day-to-day household expenditures.

Long Term Goals

Long-term goals are the ones which take more than five years to accomplish and require a disciplined saving and investing strategy over a long time period. The most important long-term financial goal for everyone is to save for retirement. For most people, this is the first priority over saving for any other goal.

Beat Inflation Rate

With interest rates stuck at an all-time low and the rate of inflation rising, millions are seeing their savings and spending power eroded at an ever-growing rate. In order to beat inflation rates you must invest your finances in such products which give you higher returns in future. So you must always take advice from an expert before investing your finances.

Diversified Financial Portfolio

A diversified portfolio is generally made up of mutual funds or exchange traded funds (ETFs) that have holdings across a broad range of investments and companies, for example, a mix of stocks and bonds to start and perhaps real estate (in the form of REITs) and commodities too.

Products for your Financial Investments
Life Insurance Plans Tax Saving Products
Bank Fixed Deposites Share Market Branding
Mutual Funds Post Office Schems
Property PPF Fund Account
Government Bonds Private Companies
Gold Investments PPF Fund Account
Recurring Deposits Many More