BHUMIT FINANCIAL PLANNING ADVISORY PRIVATE LIMITED

As Aroras belong to higher income group and have created wealth over the years, additional Rs.4 lakhs which they had to pay from their own pockets did not pinch them much but not all of us belong to that category. Can such type of incidence happen to any of us ? Are we in a position of bear cost of high hospitalization/medical bills on our own ?

You may argue that this can be an exceptional event and may not happen in everyone’s life. But can we predict which family will suffer this trauma and which one will escape ? Another point worth highlighting here is lifestyle related health problems. In today’s fast paced life when every one of us is a part of the ‘rat race’ and all of us want to win that race, we are leaving healthy living habits behind. Eating junk food, irregularity in eating habits, high pressured work culture resulting in incidences like heart attack at a young age or diabetics or blood pressure problems. These have become very common in India now.

Saving or spending to save taxes can be a tricky job due to reasons provided below:

1. Investment may require you to hold on to it for a certain period of time to make the exemption permanent.
2. Requires a huge outflow or a decision of a lifetime

In the normal times all the taxpayers should plan in advance, but just in case if you have not or are falling short this article shall provide much needed assistance in making the right choice. This article is dedicated to all such individuals and advisors who are looking forward to invest for

1. For the maximum tax exemption possible and
2. The best possible long term solution

In our decision making process for the choice of best investment options for saving tax, we will be

Certainly the volatility in debt market creates doubts in minds of investors about debt market and its functionality. The base of debt market is interest rate movement. Interest rate scenario affects bond prices and so debt funds return. There is an inverse relationship between interest rate and bond prices. As interest rate moves up, bond prices come down and vice versa. This is one of the reasons why bond funds delivered negative return recently with unexpected spike in short term rates due to RBI action. So investment in long duration bond funds is recommended when interest rates are likely to fall.

• Have you created a fund for unforeseen emergencies?
• What if there is a sudden medical emergency?
Financial planning begins with bracing yourself for such situations and reducing the impact of adverse conditions in your life.

Do you know why you want to save money? Why is it that you are running through life?
• Financial Goals can be both basic & aspirational.
• Our advisor will help you identify and prioritise your goals in life.
• Besides a plethora of things the financial plan will act as a road map for you to achieve your goals.