Financial markets are prone to unpredictability and the need of an Individual and financial advice change frequently. In a developing economy at a higher inflation, the goal of maximizing profits is hindered by clouds of uncertainty. Minvest with its focused team of qualified professionals work closely with the clients understanding financial goals and targets of an organization or an Individual. We take a modular and research driven approach to analyse, project, stimulate and provide the best financial strategy. This approach of strategizing is to attain the said goal and devised in a way that keeps in mind the ever changing circumstances of the financial markets.
In today’s extremely dynamic world uncertainty and volatile economic conditions have made it more important than ever to have strong financial foundation that’ll keep your family protected and get positive financial outcomes. Our team of experts and qualified financial planners help you to develop a sound strategy to ensure you meet all your financial goals while safeguarding your wealth.
We will help you:
- Identify and prioitise your financial goal
- Prepare for your children’s education or marriage plans
- Fulfill and manage your retirement ambitions
- Grow your wealth
- Protect your family’s future against life’s uncertainties
- Pass on your asset to future gen
- Save taxes
Who requires Financial Planning?
Some individuals might feel that they don’t need to plan or they know their finances better, or don’t have enough money.
However, every person whether poor or wealthy requires Financial Planning like all rich and poor require medical treatment.
Why do individuals and families need to plan their finances?
There are no prevalent large scale social security schemes in India, so responsibility increases to plan for emergency events, health & life cover and retirement provisions.
All sources of money need to be allocated in a prudent and disciplined way towards own needs, wants and other spending requirements.
What is Financial Planning and where we tend to make mistakes ?
When you go to a doctor, he/she diagnoses the patient to understand the problem and then prescribe the medication.
Doctor’s focus isn’t on the medicine (Cipla or Ranbaxy), the focus is on problem and overall health of the patient.
Similarly, financial planner’s role is to understand your financial strengths and threats, and accordingly suggests allocation in each asset class and its product or schemes.
Looking for products first and then trying to fit that product in your life isn’t the right approach. Looking at life first and at a later stage product must be looked at.
What should be our right approach ?
We all do financial planning unknowingly and in a unstructured manner in isolation.
We do fixed deposits, buy insurance policies, invest in stocks and mutual funds, buy real estate and take loans.
Any spending or investment decision that you take certainly impacts your overall financial life.
Financial Planning is considering impact of one decision on another, and utilizing resources in the best possible manner to achieve one’s financial aspirations.