Valueraj Associates Private Limited

All of us, in one way or the other, are involved in some kind of planning related to our money matters. It could be expense planning, tax planning or retirement planning. A layman may call this as Financial Planning, but in reality Financial Planning involves this and a lot more. Financial Planning may be defined as – “The process of meeting your financial goals through proper management of your money”. Financial goals can include buying a home, saving for child’s education, going on foreign vacation, planning for retirement etc.

Financial Planning is a process, not a product. This process is standardized by FPSB (Financial Planning Standards Board) and comprises of steps that include (a) establishing the relationship with you (b) collecting all relevant data on your family finances and goals (c) analyzing the data (d) developing the financial plan (e) implementing the plan and (f) monitoring the progress regularly. This in turn leads to achieving your goals on time as and when they are due.

The outcome of Financial Planning process is a ‘Financial Plan’ document. This document spells out a strategy unique to you and your current situation so as to achieve your financial goals. It lays out a roadmap for your future finances and if you follow it, you should be able to live peaceful financial life. This Financial Plan may in turn comprise one or more of sub-plans such as Investment Plan, Insurance Plan, Cash Flow Plan, Tax Plan, Estate Plan etc.

Financial Plan provides a vision to you on your future finances. A few but not all benefits are:

Here are few things that Financial Planning is not:

We are Certified Financial Planners by qualification and Mutual Fund Distributors by profession. We provide ‘Financial Planning’ service to individuals and families. However, we provide this service only as incidental to distribution of Mutual Funds.