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DishaA way to Financial wisdom……..

Disha

• Tax Planning :

First comes in mind ………

Normally starts in November.

Confusion on selection of Instrument.

The situation is Panic.

Mission tax saving.

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• Tax Planning :

Can a tax saving tool also work as

a Strategic Financial planning tool ?

Answer : Yes.

Disha

• Tax Planning :Can help you in Making your

Financial foundation strong.

There are two main Purpose of Financial

Planning

1. Protection of existing Asset &

2. Preparing for Future expenses.

Disha

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• Tax Planning :Protection of Existing asset :

Insurance : Financial liability can be covered by Life

insurance. tax saving u/s 80C.

Accidental & Disability insurance is must.tax saving u/s 80C.

Medical insurance for your family & parents is must.tax saving u/s 80D.

Insurance is only a protection tool not an investment tool .

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• Tax Planning :

The Tax saving instrument can be aligned very

well for your long term goals like retirement.

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• Tax Planning :If you invest Rs. 8000 pm in Long term asset for

30 years & if the rate of interest is 14% pa

How much you will have after 30 years ?

Total investment : 28,80,000. & Returns will be :

sssss …….. 4,44,56,445.

This is power of compounding.

ELSS can do this for you with tax saving u/s 80C.

Disha

• Tax Saving :• How much I have to save this year ?

Salary – PF – Existing insurance premium –

Home loan Principle , Other tax savings u/s 80c =

Total investment for tax planning.

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• Expenses :This is the thing which can defeat you on

Financial management front.

Keep a closer track.

Don’t let only emotions to take your financial

decisions, involve Brain also in to it.

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• Expenses :• How much should my expenses ?

It should not be more than your 30 % of salary.

• What if it is more?

Track your expenses month by month find out

where the hole is & block it.

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• Loans :• Take loan wisely :

• Rate of interest & allied charges are the key

decision making factor.

• You can negotiate the rates.

Disha

• Loans :Loan Rs. 30,00,000/- taken for 20 years.

Rate of int. 11% , EMI : 30966/-

Total int. paid : 44,31,765/-

If you can negotiate by 1%.

Then EMI : 28951/-

Total int. Paid :39,48,155/- & invested difference of Rs. 2015 will give you 26,21,850/- invested @ 14%

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• Loans :EMI of the loan should not be more than 45% of

your salary.

What is your calculation says for you ?

If it is more by 10% - Salary increase may offset.

If it is more than that it may be alarming

situation make a plan to bring it down.

`Disha

• Credit Card :IT is a “Fine” instrument in both ways

If you use it in efficient way is it good for you & if

not then you have to pay

“Fine” for it.

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• Taking investment decision• Which instrument is good for me ?

• Should I invest where my friend had invested ?

• Should I go for Higher returns or Safety ?

• How much to invest ?

• When to invest ?

Disha

• Taking investment decisionLet me ask you few questions !

• Can you travel without destination in mind ?

• Can you travel without knowing time when to

reach ?

• Can you travel without thinking of

your budget ?

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• Taking investment decision

•No ? Why ?

• Why these three things are

important ?

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• Taking investment decision• Then why you let your money to travel

without knowing destination, Time available &

Budget ?

• Why you select Vehicle first for your Money ?

& still expect that it should deliver what you

want without knowing ?

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• Taking investment decision• Your financial goal should be clear before

selecting an investment vehicle .

• Setting goal will increase probability to reach

the goal .

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• Taking investment decision• Your financial goal , The time available & your

investment capacity will guide you to select

right kind of investment Vehicle

• Will help you in setting realistic

targets for you & immediate

corrective actions to be taken.

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• Taking investment decision• Divide the goals on the basis of duration to

goal

Short term. : < 3 years.

Mid term. : 3 to 5 years.

Long term. : > 5 years.

Eg. Retirtement .

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• Taking investment decision• Duration of goal will tell you the asset class

of choice.

• This will guide you to set a proper allocation

of your available funds & Future investment.

• Asset allocation is important

in taking investment

decisions.

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• Taking investment decision• The market is flooded with investment

solutions no one is bad or good for YOU, It is

good or bad for YOUR financial goals.

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• Taking investment decision• Be aware of the people who gives you a

Guarantee , in non guaranteed market.

• Capital guarantee

• NAV guarantee

• Returns guarantee etc…..

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• Stick to basic rules of investing• Set goal for investment.

• Start early.

• Increase investment in proportion to salary.

• Invest regularly.

• Select right kind of asset class.

• Monitor your investment regularly.

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• Financial Planning pyramid .

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Wealth creation

Aspirations Planning

Essential goal investment planning

Investment reserve

Self & Family Financial Protection

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• If you feel

We can do this for you.

Disha

Disha

Join the movement

towards financial

wisdom.Ashish Ramesh Bhave

Cell : 08793107044

arbfinancials@gmail.com

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Respect your hard earned Money & make it work for you.

Disha