Financial planning is a very important part of overall Investment Planning. Whenever we plan for investment, we need to have clarity on:
- The time horizon we can part our money for.
- The expected rate of Price rise- Inflation.
- Risk – Return characteristic of the products and types of Investment product.
- Asset allocation and portfolio restructuring based on the market sentiments and client goals.
- Risk taking is based on Risk Tolerance, Age, Goals and Time Horizon.