How Do You Start Your Financial Planning? | Financial Planners Unplugged

Tune in to Gajendra Kothari, CFA, MD, & CEO Etica Wealth Management Pvt Ltd in conversation with Vivek Law on #FinancialPlannersUnplugged as he explains how you should start your financial plan and the various vehicles available.

He says, to start your financial plan, there are a few steps. First set a goal with a timeframe. Then assess your risk profile. After that, check your options, from FDs to government schemes. Then move to equities, where you should choose a vehicle which fits your risk profile and your goal time horizon. He recommends doing an asset allocation, and monitoring it every 6-12 months.

He goes on to say that mutual funds are one of the best ways to plan for any goal. If you achieve your goal before the timeline, then switch to a less risky fund. If there’s a shortfall in your goal, then you may need to top up the amount.

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