Why Financial Planning is must in this Digital Age?

In this digital age where the use of mobile apps and smartphones have increased more than the traditional laptop & computers. It is the right time to use them for systematically in managing our finances to better secure our future investment and track their status on regular basis. Most of the Banks and financial institutes are now adapted to the latest internet technologies for making their facilities better and run 24x7 for the ease of use. Now even mutual funds, investment banks and planning is also done online to further revolutionize the finance industry. Wealthcare India is one of the top Financial Planning Company that offers guidance and platform to create wealth creation for your future.

Life Goals: Life will give you different choices and circumstances as you go through it. Each individual will set their specific goals as per earning potential. These goals can be short and long term depending on their nature which needs to be taken care of appropriately. Car loans, renovations funds, yearly admission funds and monthly expenses can be short term while Education loans, retirement funds, home mortgage, and wealth management are usually long term financial goals. These goals can be based on the factors like your income, expenses, family support and future expectations. These goals will define the lifestyle you will take while living and secure you on the financial front. A Certified Financial Planner can help you prepare a small plan that will take care of your all expenses, investments and funds to secure your future systematically.

Management: With online facilities at your threshold you can choose to be more systematic with each investment that you choose for respective future. These online platforms are 24x7 available with each customer assigned their own credentials which are available to him only. This allows him to track, check, monitor and regulate their investment from anywhere in the world with just the availability of internet to go on. You can also make the transaction to automatically deduct from your account for specified dates. These management allows you to be alert, attentive, send notification and manage all the investment from one point only. With the use of internet increasing these online facilities in this digital age also saves times and provide a way to manage things more smoothly.

With the digital age getting more and more advanced every day, this online financial planning is here to stay and people have accepted their use in general life. This also gives them the chance to check and maintain their finances on regular basis. All our financial market experts have the skills and experience for taking the ebbs and flow of the stocks, funds and investment to create a smooth path for large wealth creation for their subsequent clients. We have worked with clients across India for more than 10 years in creating wealth management from their investment respectively. They understand the need of modern India and use their financial skills to provide you with customized plans for securing your future in all aspects.

Why Tax Saving Mutual Funds SIP are Better?

Equity Linked Saving Schemes (ELSS) is one of the funds that are used commonly for tax saving along with benefits of Mutual funds investing. Although they require a minimum of three years lock-in to begin with as mandatory requirements form the government authorities. They are also easily integrated with monthly SIP with each investment to be locked at a minimum from their date of being added in the total funds. One of the larger benefits of ELSS mutual funds is their tax benefits which can be deducted under Section 80C of the Income-tax Act. With Wealthcare India, you will be connected with one of the established financial planning company that helps its client built large wealth creation from their current investment.

Early Investment is the key

Once your income potential improves one must start taking the right path for investing as early as possible in their respective funds. Rather than starting them at the ending of the financial term, try to get a better grip of your investments by starting the ELSS as soon as the year begins. Investing in the year-end with a lump-sum amount also can have market risks which you can be avoided easily by taking the year route term at the beginning of the year. This systematic planning will give you time and space to make the right decision as well as tracking the performance of investment funds too.

Break the Shackles of Three Year lock period

Using ELSS just for three years as temporary time set by taxation bound must be avoided too. Most investors look to break their funds as soon as three year is over but they should analyse the market and fund return to let it mature further as per their continued progress. One must understand the ELSS and its longer reaping benefits in a large term. So they continue with their current investment to let your portfolio grow in size. As this will further boost your profile to get higher returns after significant years of maturity.

Choosing the right fund, to begin with

One must be selective in choosing the right fund for their investment. It must not be hurriedly chosen and must be tracked for performance in their last five to seven years respectively. Average return being generated category wise and rolling returns are few of the assured ways for tracking the consistency of the ELSS funds. As an investor, you must understand the market volatility and how to ride the lows highs of the respective funds to give a better perspective in the future.

With Wealthcare, you will be connecting with some of the best financial experts in Indian markets who have more than 20 years in working with investments. We offer complete transparency and trustworthy guidance for our clients. All are given specific credentials with 24x7 online portfolios for tracking their current funds status on daily basis. We are already connected with thousands of clients for whom we have transformed their investment in large wealth creation.

SIP the Precise way to Invest for your Future

SIP or simply Systematic Investment Plan is one of the trending topics for investing in Modern India. This simple and highly beneficial way has proven to quite popular with the younger population who are enthusiastically looking to make their future secure. With Wealthcare India, you will be provided with the efficiency measure, standard guidance and procedures for making an effective start with SIP Mutual Funds. These investments can easily be adjusted with your banks for an automatic transaction and can be started with as minimum as Rs 500, to begin with. This duration can be monthly, quarterly or Yearly as per the user choice of criterion. 

In SIPs one thing that you must understand, the investment is divided further into multiple companies. With each month new units are bought and added on to your last ones giving cumulative units in the end for rupee averaging benefits. With larger funds being broken down into multiple small funds so the risk of failing funds gets marginalised. Even if two or three get the lower return they are largely covered by the rest of funds section. This systematic Investments way attracted the traditional investor to shift their stride from investing in fixed schemes to better SIP which generally gives a higher return when given a specific time for maturing the investment respectively.

More to know about how SIP Works. Click me

SIP must be given enough time and duration to get the larger benefits for increasing your wealth management. These NAV units which are added on month by month basis adds on cumulatively to boost your financial portfolio to a higher amount later on. Wealthcare Securities have their financial experts who are always monitoring these funds for their most efficient return in duly time. They will advise you on when to take out the money from your investment or have patience during the downtime to reap larger benefits at market highs.

Cross the Inflation

With India further progressing in a more positive way, SIP Mutual Funds provides a way to get ahead of the rising costs and inflation. With fixed deposits giving interest only in the range from 4-8% that hardly covers the year after inflation costs, SIP, when used effectively, can deliver profits in the double digits that will further boost your current financial portfolio.

Professional Guidance

With a market full of different funds and scheme, a certified professional can be the catalyst to take your investment further in a more progressive way. With Wealthcare India, you will be assigned a personal Financial certified planner who will make a customized schedule for making all your future investments possible. He will advise you on the market conditions, top performers, high returning funds and consultation for any recent changes surrounding the market.

With Wealthcare, you will get a complete financial planning and execution firm that will take care of all your investments from all perspective. All the services are also available online with a personal portfolio with credentials with one can access and track their financial investments anywhere around the world. Also get comprehensive calculations for SIP-related information, goals for children, marriage, retirement and taxation guidance as well.  

Checklist for Investing in Modern SIP

In this digital world of Finance, SIP has become the synonym for future investment, traditional customers are getting more attracted towards this significant way of investing in the market. In this blog, we will share a small checklist for making sure you are on the right path to understanding and getting a right return from SIP. Wealthcare India is one of the established online financial firms that offer complete funds, taxation and other complete advice for assuring with you for future stability.

What is SIP and Understanding the concepts of SIP?

Systematic Investment Plan or SIP is one of the most fundamentals ways for investing in the market with their lower risks and systematic investment.  In these SIP's one invest in more comprehensive funds scheme only i.e. in mutual funds but rather than focus on one company or one product the investment is done on a larger pool. For e.g., If you invest in one company then you will be investing your life fortunes on that company only but with SIP your investment can be based on 80 respective funds. Some newer might fall but with stable ones, you are on the right side of the profit always.

A horizon of Investment: Although SIP has a more flexible approach towards investing it should be you who decides the actual amount of investment as per your own income potential and expenses incurred.

Risk Taking: SIP's have generally less risk than conventional market investment but still there are risks that you must understand before making the right choice for specific investment.

Market Present Forecast: One needs to understand the present market conditions and get the right forecast approach for getting the right returns from your funds. As a whole market always lack stability in either moving positive or negative. Only market professionals with financial experience are more prone to know their behaviour as a whole.

Rupee Cost Averaging: With SIP one can control some of the market volatility with rupee cost averaging that will boost your confidence in the funds. SIPs are based on NAV units that are bought every month from your investment. When the markets are high the number of units will be less and simultaneously when the markets are low the NAV units go up which averages out the value of NAV thus controlling market volatility as a whole.

Tracking Portfolios: At Wealthcare, 24x7 online portfolios are there with complete tracking on which you can take decisions right away. Our financial experts will be available all the time for giving precise judgment and financial decisions. You can anywhere in the whole world and get specific directions from market experts for taking the effective decisions.

Wealthcare is certified and expert financial organization that offers complete SIP investment across Delhi NCR area. For more than 10 years we have successfully putting clients money in right futuristic funds that have shown tremendous growth year after year. Understanding the value of time and money, clients have always put their faith with experts of  Wealthcare in transforming their finances with double-digit returns.

Right Approach For Financial Planning

Finances are one of the most important parts of everyone lives in this modern age of digital life. With younger generation tackling the pressure more better and sophisticatedly, companies always look for better & bright prospect in hiring them for better future altogether. So financial planning must be started as soon as you are capable to get a higher salary. These financial plans will aid in making long term solution for your personal and family growth. Personal expenses, medical expenses, family insurance, home loan, car loan etc are some of the needs that as a human we look in solving with our finances. Here at Wealthcare India we understand the need of the modern life and sharing with you the precise approach step by step for efficient financial planning.

Online Financial Planning:

With Internet revolutionising the modern world, online services allows for better planning & management. With these platforms, anyone can track their performance and current status at any time and take the appropriate step from around the world with just right credentials & internet availability. At Wealthcare investment portfolio, you are assured with highest internet security and support to make your life better in every aspect. Our financial expert is easily accessible in guiding for building the next investment step in your life. These online services eased the user in a long way for better management and solving the customer support collectively. As a user, you can plan, set goals and then work more precisely to reach your life goals that will be a long way in making of financial success.

Catalyst for Future Assurance:

A professional Certified Financial Planner can give you more choices and investment advice for putting your investment in an accurate way for making the tremendous growth in the upcoming future. These market finance experts continuously track the market for ebb & flow for choosing and selecting the right place for investing your money. Our experts will build a custom financial plan as per your income threshold in building a more precise investment portfolio for your needs. Whether you are looking for mutual funds, fixed income or insurance we have the right plan as per your family and personal needs always. With SIP getting a more popular choice as a future investment, our Certified financial experts can offer you right amount and funds to get your return in double digits.

With Wealthcare, you get a complete financial planning firm that paves the path for building a right future investment portfolio for assuring your future in every aspect. Our team is highly skilful and experience to put your investment into effective use. We are already connected with more than 1000+ clients to make sure their investment input to more efficient use. You can also check the various financial tools for SIP, marriage, Education, retirement, return and more. We are readily available for consultation with Mutual Funds, SIP, Insurance in making the long term effective solutions as per your choice. 

Tips to simplify your finances

If you’re having a lot going on in your life and wasting time on managing your bills and financial obligations is not your thing, then your journey to minimalism should start right now.

We might have specific time planned in a week for finances, but it is obvious that most of don’t get the time and usually tend to leave it late. A holiday might come in or just life, in general, might throw something at you and the time you allotted may not be available to you.

And if we leave it late, a situation arises where you are just loaded with information you end being on the bad side in terms of financial planning.

Here are some smart tips to simplify your finances.

1.    Consolidate your bank accounts:

Most people who end up with poor financial planning will be having multiple savings accounts as well as multiple credit cards.

The best thing to do if you have multiple bank accounts is to close the unnecessary ones and open a savings account and one checking account.

The checking account could be used to manage your day to day money flow, you can use it to deposit your paychecks and manage your bills.

The savings account can just be used to hold your savings and not for any other services.

2.    Automatic bill payments:

While many people still remain skeptical about using automatic bill payments, it is still an effective way to manage your bills and not worry about them.

You can enable automatic bill payments for any services that charge you a small amount per month like your internet bills and T.V subscriptions etc.

3.    Use your credit cards:

Credit cards are very helpful in helping you manage your purchases and expenses without having to dive into your account for every single transaction. The advantage of using a credit card is that you will also benefit from cash back offers and rewards offered by the service provides.

Most often you may be able to consolidate your reward points and use it for purchases. This will help you to get something back for all your transactions.

4.    Pay your bills once a month:

Settling your monthly bills in one day is better than having to go through them at alternated days. This will help you to manage your finances and calculate expenditures accurately without any hassle.

Paying all your bills at one time also helps you not lose money throughout other days of your month. If you have a credit card this becomes all the easier as all the bill payments can be made in minutes.

if payment on one single day is not possible for all your bills, program your billing cycle in a financial plan that would help you keep track of everything that’s is happening with your finances.

5.    Cut out on Debts:

Another essential tip is to reduce your debts.  debts won’t cost you anything severely in terms of finance but if you have multiple debts, allocating money out to all of them in one month, may become stressful.

Trying to reduce the number of debts you have, would be very helpful in removing complications in your financial plan if you have one.

6.    A certified financial planner:

A certified financial planner can help you get your life sorted in no time, they will take care of all your expenses and manage your in’s and out’s effective.

A certified financial planner like Wealthcare India can help you do all this without even look at details of your finances. We will simply take care of everything that you have to so that you can enjoy some time with the family. Our certified financial planning services experts can help you out with managing your accounts, helping with loans etc.

These smart tips will help you get rid of some of the hassles associated with bill payments as well as help you relive some of the stress you might have in your busy life. 

5 Easy Steps to make a planning for your Child's Education

One of the main things that parents are worried about is their child’s education. Parents start saving for their little one’s future when their children are tiny tots. The cost of education these days is very high. If you want your children to get the best education then you must have a savings plan for the same. Here are some tips for child education planning:

1. Decide on a date:

Here you have to keep in mind your child’s education goal. That is after higher secondary what course he or she might opt for. Like if it is a technical course then it will be 4 more years after the higher secondary. Based on this you need to decide on the target date which will depend on what exactly your child might pursue in the future.

2. The amount that needs to be invested:

Next, you need to decide the amount that you may have to spend on your child’s education. You need to keep in mind that professional courses like MBA or medicine or engineering is going to cost more. Your child will not take up the professional course tomorrow but it will be after a few years. So you need to keep the inflation rate in mind when you decide on the amount that you might have to invest in the future.

3. Keeping inflation in mind:

As mentioned earlier you need to keep in mind that the cost of education will increase in the future. It is important that you keep this factor in mind and then decide on the amount that you will need few years down the line for your child’s education. Suppose if today a particular course is costing 10lacs then after say about 10 years or so it may cost 15 or even 20 lacs.

4. Returns from the investments will be the key:

So you have decided on the target day and the investment amount that you will need. Now comes the most important point. That is planning how you will get this target amount at the right time. This is where systematic investments will be important.

Now the investments that you make will depend on your knowledge about the market and different types of investment plans and the amount of risk that you are willing to take. If you are not willing to take much risk then you must opt for balanced funds. Here you can expect returns of around 10%. If you have no problem in taking more risk then you must opt for products like Mutual funds, equity etc. The risk involved is higher but the returns that you get will also be higher. You can expect returns of around 14%.

5. Your monthly contribution:

Now next you need to decide how much you are willing to invest every month. Your monthly contribution will help you get closer to your ultimate goal. You can get the amount that you need to invest every month using the following formulae:

C = [FV * r] / [(1+r) * { (1+r) ^ t – 1 }]

FV is a Future value that you need

R is the rate of return that you need

T is the tenure.

If you find all this too confusing then here is an easy way out. Just opt for the services of a good financial planner who will give you good guidance. Wealthcare securities pvt.ltd. can provide you with all the required guidance for child education planning. They will help you plan out things in such a way that you will be able to support your child’s school fees, you will get maturity benefits for your child’s higher education and facility to avoid capital erosion.