FfinTree Money

Happy Janamashtmi!

If you don't have an emergency fund yet, it's time to prioritize it and be prepared for any Unexpected Events and Cashflow Challenges. Emergency funds are the backbone of your secure and strong financial future.

Why it is advised to continue SIP during Covid19 Pandemic?

To understand SIP, we need to understand 3 parameters - SIP Amount, Units, and NAV.
SIP Amount - Fixed amount that you invest every month.
NAV (Net Asset Value) - Value per unit of a scheme on a particular day. The value (NAV) changes everyday as per the movement of the market.
Units - You can think of units as number of token or no. of shares that you get after investing at a given NAV. If NAV is higher, you get lesser units. If NAV is lower, you get more units.

Now, important thing to understand is that when the NAV is lower, you get more units. NAV generally goes lower, when the market dips.

Since you cannot time the market, and the market very frequently moves up and down. As per the formula of compounding, the value of the investments rise. Hence, advised by the financial advisors.

Now, the question is...
Did you stop your SIPs?
Have you started investing through SIPs?
Do you know how much will you accumulate with investment through SIP?

To know the answers, Please call at the below mentioned number or type 'Interested' in the comments.

Call your financial advisor now.
Call us @ 7982437999

You must be thinking about What is a Financial Plan? What does it contain? and Why do we need a Financial Plan?

As per Wikipedia, a Financial Plan is a comprehensive evaluation of an individual's current pay and future financial state by using current known variables to predict future income, asset values and withdrawal plans.

Comprehensive Financial Planning involves detailed review and analysis of your financial situation. Essential components of a financial plan are...
Goals & Objectives
Risk Management & Insurance Planning
Investment Planning
Income Tax Planning
Retirement, Child Education & Marriage and Special Needs

For example, child education expenses of 2 lacs per year today may become more than 4 lacs after 15 years at an inflation rate of 5%. So, we need to consider 4 lacs (then cost) to plan for child education. Similarly, we have to do for other financial goals.

Do you want to invest wisely and create wealth? Please call at the below mentioned number or type 'Interested' in the comments.

Call your financial advisor now.
Call us @ 7982437999

Invest Wisely !