For further clarifications please contact the persons,
1. BADHRINATH CHELLURU at badri_c0@rediffmail.com
2.MANU.N at manu_1979@rediffmail.com
or personally at AQ1,IIPM,New Delhi-16
DESCRIPTION ABOUT INVESTOR PROFILER
The Indian customer in dilemma: consumerism is rising but interest rates are falling.
Faced with this situation, a nation of savers being forced to think beyond the traditional comfort level of fixed return products.
The new found cheer in the stock market, the over all euphoria that results from a good monsoon and an upbeat economy are spurring the traditional saver to consider the investment options before him.
But plethora of choices available leaves the consumer even more bewildered. He is left wondering where to start and what to choose from findings from 2002 World Bank survey of financial awareness among Indians reveal that 41% of the people polled were not confident of choosing shares and mutual funds. 17% were not confident of choosing retirement schemes.
We, at this webpage, are committed to be the investor’s personal guide. Our research in stock broking, mutual funds, insurance, car finance and personal loans makes this website unique. This website is the central platform for the delivery of personalized investment solutions for all investors.
In keeping with our commitment to be the investor’s guide, we are happy to bring you the “INVESTMENT PROFILER”. It covers a range of subjects from mutual funds to insurance to loans and taxation. As a first step, it helps investors determine their risk-return profile, using the ‘Investment Profiler’, and point’s investor in the direction of financial products that suits them best.
“DON’T JUST SAVE MONEY MAKE IT GROW”
Financial planning is simply the process of identifying investor’s wealth accumulation and protection goals and developing a coordinated plan to help prioritize investor’s future financial decisions.
Financial planning should be taken as seriously as a medical prescription, as it deals with investor’s financial health. It should be seen not just as means of achieving financial security, but as making a vital contribution to our over all happiness and peace of mind.
Financial plan can be manageable or overwhelming, depending on how investor’s approach it. Without guidance, it’s hard to know what you need and when you need it. With right information, tools and timeline, the choices become much easier.
A financial plan as three key elements:
1. Defining investor’s goals.
2. Assess investor’s tolerance for risk.
3. Develop a plan for how to reach investor’s goals.
Defining investor’s goals:
Define what investors want to achieve. Include small and large
goals, from taking a vacation or buying a car to providing for
retirement.
Assess investor’s tolerance for risk:
The choice of investment options would largely depend upon the
level of risk investors are willing to accept. Greater risk means
greater potential for higher return.
Develop a plan for how to reach investor’s goals.The best strategy will depend on investor’s goals and their risk tolerance.
In life, we all go through different stages. Each stage carries with it a new set of responsibilities and will require different planning. Financial planning can be broadly classified into three main stages of life, foundation, accumulation, and conservation.
Foundation:
This early period of life is the better period to start saving for retirement, even if one is short of cash. This will not only inculcate the habit of saving, but also helps one to be better prepared to handle any devastating financial events.
Accumulation:
Most of the studies indicate that investment performance is a direct result of the investor’s investment allocation, not a result of the specific investment or market timing. Therefore in the accumulation stage one needs to work towards asset allocation and active management of investment portfolio.
Conservation:
In the pre retirement or retirement stage one would start
consuming more than saving. Therefore, to have a comfortable life
at this stage one has to start the financial planning process early
and spend judiciously.
