The need for financial planning is to
1. Have a Peaceful Retirement
At the age of 65
· 1% people are wealthy
· 4% people are maintaining their lifestyle
· 23% people are still working.. can not afford to quit
· 9% people are dead
· 63% are dependent on children and charity
Be a smart investor by investing regularly for a happy retired life.
2. Maximize the returns on your investment for saving tax
· It has least lock in period of just 3 years
· It has tax benefit u/s 80 C on investments upto 1 Lac p.a.
· Equities have potential to give higher returns in long runs
· Even if it gives only 10% return per annum, it is better than all other options are available (LIC, PPF, NSC and More), whereas the average return in ELSS is around 30% p.a. from last 12 years.
· Systematic Investment Plans are also available
Be a smart investor by investing in ELSS
3. Plan future of your child / children
Current Cost
| Engineering | MBBS | Foreign Study | Marriage |
| 10 Lacs | 15 Lacs | 25 Lacs | 10 Lacs |
Expected Future Cost
| Child Age | Engineering | MBBS | Foreign Study | Marriage |
| 1 year | 10 Lacs | 46 Lacs | 75 Lacs | 38 Lacs |
| 5 years | 24 Lacs | 36 Lacs | 60 Lacs | 30 Lacs |
| 10 years | 18 Lacs | 27 Lacs | 45 Lacs | 23 Lacs |
Be a smart parent by investing in equities for longer term
4. Make your child or yourself wealthy
You can make your child or yourself crorepati in 20 years by investing Rs. 5000 per month.
5. Make high return and tax efficient investments
· Enjoy great tax advantages by making investments in Equity Mutual Funds Schemes.
· Tax Free – Long Term Capital Gains
· Tax Free – Dividends
No comments:
Post a Comment