This New Year, Make A Resolution To Plan Your Finances Well.

Plan your Financial Year

With a new year, come new resolutions even for your money. Have a comprehensive list of all your investments. List all your expenses & figure out your sources of funds, do not leave tax plan for fiscal year end.

 

Tidy your Portfolio

Review your portfolio every month, quarterly, half yearly or yearly based on your goals, switch to other funds if existing funds are not performing well.

 

 

Expand your Portfolio

One investment is not enough to meet your several goals &  fund option does not suit your different goals. Do not invest all your money in one asset class or one particular investment

For eg buy Equity fund for your long term goal & liquid fund to meet contingencies

 

 

Gift Financial Freedom

Educate people around you about Financial Planning, help them create goals and motivate them to reach those goals. Encourage people to start a SIP & help them achieve their goals.

 

 

Choose the best Option

Make proper market research while selecting your investment option do not forget to check funds performance while comparing investment options. Select an investment option which suits your goal needs & risk appetite.

 

 

Save for your Future

Start investing as soon as you receive your 1^st salary, as money needs time to grow. Make proper provisions to meet your future financial needs so that you don’t have to depend upon loan or advances.