Unique Financial Planning and Analysis advising services offered by us in Delhi, Mumbai and India. We employ top financial planners and consultants to help you find the best financial options.

Financial Planning/ Mutual Funds/ Investment - Advisor

Unique Financial Planning and Analysis advising services offered by us in Delhi, Mumbai and India. We employ top financial planners and consultants to help you find the best financial options.

Tuesday, 29 October 2013

It pays to hire a financial planner!

We often try to dabble in fields that don’t concern us, and eventually accept that we’re terrible at it! Same is the case with financial management. We often think that it is our money, and therefore we should manage it. Rather, we think that since it is our money, no one apart from us will know how to manage it. There’s some sort of skepticism as well when you go to hire a financial planner. After all, what if he slips, and all our hard earned money goes down the drain?

Well, such concerns are pretty natural. Since there’s a lot of money involved and possibly at risk, one is bound to feel nervous. However, you will soon come to terms with the fact that only a financial consultant, also known as a financial planner, is the best person to trust your money with. They are highly qualified, well experienced, and possess educational degrees in the field of finance. In fact, while hiring them, you should look at these qualities. If they don’t possess a degree, you shouldn’t hire them. Try to ensure that you are getting hold of a CFP or a CFA! 

You can contact financial planning companies in your city and ask them to send over a financial planner or a consultant. While a financial planner noida will plan out your financial roadmap properly and look after your investments, a financial consultant might just offer you some advice. It is totally up to you which one would you like to hire. Typically, they will come and give a short presentation mentioning about the key benefits they can offer you, whilst also throwing some light on their significant achievements, major past and present clientele. 

A lot of people wonder how much does it cost to hire a financial advisor. Different financial advisors have different modes of compensation. While some work on a flat monthly fee, others charge commission. There might be a combination of both the compensation modes too. For detailed information, you could check online. They will mention some sort of estimated pricing for all those interested in hiring financial advisors.

Thursday, 17 October 2013

Importance of a child insurance plan for Indian parents

Becoming a parent is always a special moment but with it comes the responsibility of bringing him up to be a successful man and ensuring that his/her future is secured. For Indian parents, the biggest commitment is perhaps being able to provide the child with the best education. However, education today is not spared from the rising costs and inflation.

It is even believed sometimes that the first impact of inflation falls upon education of a child. Therefore, parents need to start planning as early as possible such that no sacrifice needs to be made when it concerns the child’s intellectual future. As of today, a child insurance plan is probably the best weapon in this regard. There are even several other advantages that child insurance comes with in India.

·         Life insurance policies for children are more affordable than any other life insurance policy
·         Investment in children insurance plan is similar to an ULIP investment. The only difference is that the investors are the parents while the final beneficiary is the child when he/she grows up
·         In case the parent dies, a lump sum amount is given to the family but the child insurance plan doesn’t terminate itself. It acts as a corpus that remains intact till its exact maturity date
·         Te returns on insurance policies for children are tax-free and can save you a lot

Every Indian insurance company today has a child life insurance plan. However, differences in the conditions still exist between plans and it is necessary to do your part of research for seeking out the best investment.

Another thing that seems a little confusing in arriving at is the exact amount that should be contributed every month as premium towards your child’s policy. 

In this case a backward estimate is necessary but this calculation is better done by a professional as it involves several other factors like future market conditions, educational expenses, emergencies, etc. realizing later in life that the premium was less when  you could have contributed more wouldn’t solve the case. So, planning ahead in advance is the only option.

Sunday, 13 October 2013

Getting to know a home loan EMI calculator

For any home loan borrower a constant question that runs through the mind is how to effectively get at a figure that he/she can prepare for. Not very long ago, someone looking to apply for a home loan had to go to several banks to get an approximate idea of installment figures. To understand the work of a home loan EMI calculator, we need to clear out any questions regarding the process of EMI first. EMI as we know is the monthly payment that one has to deposit back in loan in exchange of the substantially large loan that was approved.

EMI calculator gets you a rough idea on how manageable and affordable you EMI plan could be. It gives a quick note on how much of your monthly earning you will have to set apart for your EMI payments. It is in fact a very simple process but works out to be of considerable advantage for property planning. Generally a home loan EMI calculation would require the following inputs:

• Interest rate
• Loan amount to be applied for
• Tenure in months

 You always have the option to recalculate by varying the loan amount and months you want you be in the repayment period if things in the first instance don’t seem affordable. Another advantage of the home loan EMI calculator comes when you have the interest rates applied by various banks and come at the most good looking figures. Thus, a bit of calculations can win you the best deal.

All the variables applied in the home loan EMI calculator are dependent on each other. Vary one and the whole calculation takes a different front. One should understand how to get to the best affordable final figures while also having enough for your current requirements. In case you are planning to sell the house you bought just a couple of months ago for some profit, a shorter tenure will be applicable. You can always talk to the bank to increase the installment amount at any instance. This way your tenure gets reduced.

Thus, it is certainly beneficial to have a home loan EMI calculator at your disposal when planning to make an investment. Only you need to know to use it properly.


Related Posts Plugin for WordPress, Blogger...