Financial planning is a very important part of overall Investment Planning. Whenever we plan for investment, we need to have clarity on:

• The time horizon we can part our money for.
• The expected rate of Price rise- Inflation.
• Risk – Return characteristic of the products and types of Investment product.
• Asset allocation and portfolio restructuring based on the market sentiments and client goals.
• Risk taking is based on Risk Tolerance, Age, Goals and Time Horizon.

Financial Planning process involves 6 steps