Financial Planning For Max Results in 2021
Always Have A Plan
Fail to plan and plan to fail! This holds true when it comes to your finances.
Financial planning is a step by step approach to determining how to meet your financial goals.
Don’t Leave It To Chance
Don’t save and invest randomly without much thought on the products, return outcomes and alignment with your financial goals - you need to plan and allocate funds wisely.
Invest In A Short-Term Fund
Short-term financial plans usually have an investment period of one year and can be used to create an emergency fund.
There’s also less uncertainty than a long-term plan.
Invest In Health Insurance
The pandemic has taught us that medical emergencies can strike anytime - and cause a blow to your finances.
A good health insurance policy will help take care of medical expenses.
Invest In PPF
This is a safe bet for those with a low-risk appetite who aren’t comfortable investing in equities.
It offers guaranteed returns, but the rate of return is subject to change.
Invest In Mutual Funds
Mutual funds pool finances from several investors and with the help of a fund manager, that money is invested in debt, equity, gold etc.
MFs bring good returns in the long term.
Start Your Mutual Fund Journey With Scripbox
If you are looking to start saving and investing, try Scripbox - we help you choose the right mutual funds aligned with your financial goals.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.