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My Financial Life- By Uday Dhoot

My Financial Life- By Uday Dhoot

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    Immpl_presentation Immpl_presentation Presentation Transcript

    • My Financial LifePresenter’s Name : Uday Dhoot CIPM, CFPCMGuru & Jana, BangaloreDate: September 8, 2012
    • Agenda • INTRODUCTION • BUILDING THE FOUNDATION • BEGIN WITH END GOAL IN MIND • SET YOUR PRIORITIES RIGHT • NEED FOR A PROFESSIONAL ADVISOR • ABOUT US
    • INTRODUCTION
    • THE CURRENT AGE MINDSET • JOBS NO LONGER FOR THE LIFE TIME – YOUNGSTERS WANT TO RETIRE EARLY • HIGHER ACCESSIBILITY TO FINANCE: PROPERTY, CAR, LIFESTYLE • HIGHER STRESS LEVELS • HIGHER ASPIRATIONS • GREATER INFORMATION AVAILABILITY • EMPHASIS ON LIVING FOR THE DAY
    • ASPIRE – BELIEVE - ACTION ASPIRE • For the perfect physical health • Great financial life (house, car, holidays) BELEIVE • How many believe that exercise is good for health? • How many believe that saving regularly can make you rich? ACTION • How many save regularly? • How many here exercise regularly?
    • FINANCIAL ASPIRATIONS
    • BUILDING THE FOUNDATION
    • BUILDING THE FOUNDATION • How many of you have had your immediate family member admitted to a hospital? • How many of you had a friend or relative admitted to a hospital recently? • Facts: • India is the Diabetes capital of the world. • Diabetes is growing faster among woman. • The average age in which a person may suffer a heart attack has come down from 40 years to 30 years • The World Health Organization has revealed in its first ever Global Status Report on Road Safety that more people die in road accidents in India than anywhere else in the world - (Aug 2009)
    • BUILDING THE FOUNDATION Age Sum Insured Premium 36-45 (2A+2C) 3L + 5L 16413 36-45 (2A) 3L + 5L 10777  Health Insurance is a must for all families  Earlier the cover is taken, better is the coverage  Products available to cover health insurance upto Rs. 50L  Tax Benefit available u/s 80D
    • BUILDING THE FOUNDATION  How many of you have life insurance policies?  How many of you think you are sufficiently covered?  The Insurance 3 steps covering process: • Liability Protection – Risk Product • Expense Protection – Risk Product • Goal Protection – Risk & Savings Product
    • BUILDING THE FOUNDATION Age 35 / Dependent 65 – Expense Protection Monthly Expenses Insurance Required @ 10% 25000 55.34L 50000 110.69L 100000 221.38L Age 35 / Dependent 75 – Expense Protection Monthly Expenses Insurance Required @ 10% 25000 63.75L 50000 127.50L 100000 255.00L
    • BUILDING THE FOUNDATION Age Sum Assured Term Endowment Insurance 25 50L 6685 155288 35 50L 10084 215670 45 50L 16685 433522  Term insurance is the best risk mgmt product.  Combination of Term with PPF, give better returns as compared to Endowment Policies.
    • BEGIN WITH THE END GOAL IN MIND
    • FINANCIAL GOALS
    • SMART – FINANCIAL GOALS • SPECIFIC • MEASURABLE • ACTIONABLE • RELEVANT • TIME BOUND
    • SMART – FINANCIAL GOALS Goal Amount Required (Today’s Value) No of years Education 25 lakhs 15 Goal Value in Future Education 60 lakhs Return Monthly Savings Required Investment Type 8% 17000 No Risk 10% 14500 Low Risk 12% 12000 High Risk 15% 9000 High Risk
    • GOLDEN RULES OF INVESTING - DISCIPLINE Current Age 30 45 Retirement Age 60 60 Life Expectancy 75 75 Monthly Expenses Required 35000 35000 Retirement Corpus Rs. 3.37 Cr 1.40 Cr Monthly Savings 14921 33955
    • SETTING YOUR PRIORITIES RIGHT
    • SETTING YOUR PRIORITIES RIGHT Current Inflated Monthly Goal Year Value Returns Value Savings House 2017 2,500,000 8% 3,345,564 45,532 Car 2015 750,000 8% 893,262 22,037 Graduation 2027 1,500,000 10% 3,594,837 8,673Post Graduation 2030 2,000,000 10% 5,708,678 9,506
    • MAKING INVESTMENT DECISIONS • Risk • Return • Liquidity Savings • Taxability Goals • Time Horizon
    • SETTING YOUR PRIORITIES RIGHTProduct Time Risk Expected Liquidit TaxationType Horizon Returns yLiquid MF 15 days – Low 6-9% High Better then FDs / SB 3 mthsDebt MF 3 mths – 3 Low 8-10% High Better then FDs / SB yearsEquity MF 5 years + High 12-15% High Tax Free after 12 mthsPPF 15 years Low 8% Low Tax FreeCorporate 12 mths – Low 9-11% Low As per slabFDs (AAA) 3 years
    • RECAP • Stronger the Foundation, Better Prepared your are for risk • Goals help us choose better, avoid bad products • Prioritizing helps in better execution • Choosing the right asset classes, is not only about returns • Don’t wait for perfection, start now
    • RECAPStep Need ActionBuilding a strong Ensuring Risk Protection Term Insurance, Healthfoundation InsuranceBeginning with an end in Goals – Education Term + PPF, Term + MF,Mind ULIPBeginning with an end in Goals – Retirement PPF / MFMindShort Term Goals Low Risk Debt Funds / FDsLong Term Goals Low Risk Debt Funds / PPF / Bonds / Tax Free BondsLong Term Goals High Risk Equity Mutual Funds / Shares
    • NEED FOR A PROFESSIONAL ADVISOR
    • Need for Professional Advice • Lack of time • Lack of competency • Plethora of products • Agents oriented towards selling products • Motivation – Advisors add value
    • THANK YOUINTERNATIONAL MONEY MATTERS PVT. LTD. www.immpl.com