Satish mistry comprehensive personal financial plan

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  • Download Now, A demo copy of XLFINPLAN - A Excel based Comprehensive Personal Financial Planning Software. For any queries :- Contact Email : satish@xlfinplan.com
    Link is here : http://goo.gl/xvIxF
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  • Fantastic!!!!!!!!!!!. I feel that the report is 'IDEAL'. But, will the clients be patient enough to go through this long report? I give 3 to 4 pages report to my clients.Even then the clients complain that it is too long. Indians have to become aware of such exhaustive analysis. A very nice attempt.
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Satish mistry comprehensive personal financial plan

  1. 1. Sample Financial Plan Report in Excel 30/09/2012Scope of Personal Financial Plan / Financial Objective ::Based on the informations, we have obtained from you in quantitative or qualitative manner, we have analysed the same. This financial plan may provide guidance on your financialobjectives as you have mentioned during our conversation. The scope of financial plan is as follows : Cash Flow Analysis of your current Income -Expense structure and certain assumption of rise-fall in income & expenses, assessment of future situation of cash flow Analysis Assessment of emergency funds need through short term cash flow. To protect your family through adequate life insurance. To meet the future expenses with future need or in minimum - replacement of your income to your family. Analysis of Risk your current Life Insurance Portfolio & basis on that how much life insurance to be required with efficient & cost effective future cash flow in your survival mode. To seekProtection adequate Health Insurance including analysis of current General Insurance Policies you have. Investments To make a Investment portfolio, which is easy to manage, can provide timely fund for required financial goals with cost effective management & optimum returns. Complete analysis of Mutual Fund Investment Portfolio with recommendation to prepare efficient portfolio, which can earn better risk adjusted return & help to achieve future financial goal smoothly & generate wealth. Also suggest & do analysis of with profit Life Insurance policies, Pension Plans, other Fixed Return Scheme like Post Office Scheme, Company FD, NCD, FDR, Cash A/c. to maintain better liquidity, proper asset allocation with earn return in tax efficient manner. Estate Plan Estate plan assessing the financial impact upon death and the disposition. try h n tis Pla is M Sa ple By m Sa Contact : Satish Mistry, Email: moneycarefp@gmail.com 1
  2. 2. Sample Financial Plan Report in Excel Present Cost of Inflation Effect - Fund to be 30/09/2012be Fund to Age at Goal Financial Goal Particulars Goal Priority Goal OR Target Present Goal Amount Start required in Period required for Goal Amount will rise @Rate OR Year No. of Years % wise Amt. wise Child Age High 0 0% 0 Child Future Planning Fund for - Pre-Primary & Primary Education High 50000 10% 12 2013 - To - 2015 3 Fund for - Secondary & Higher Sec. Education High 100000 10% 15 2016 - To - 2019 4 Planning Fund for - Graduation & Higher Education Optional 100000 10% 19 2020 - To - 2022 3 For-Kevin Fund for - Post Graduation & Master Degree High 500000 10% 22 2023 - To - 2025 3 Fund for - For start in life High 1500000 5% 28 2029 1 Fund for - Marriage Expenses High 300000 6% 30 2031 1 High 0 0% 0 Fund for - Pre-Primary & Primary Education High 50000 10% 12 2013 - To - 2015 3 Planning Fund for - Secondary & Higher Sec. Education High 100000 10% 15 2016 - To - 2019 4 For- Fund for - Graduation & Higher Education Optional 100000 10% 19 2020 - To - 2022 3 Fund for - Post Graduation & Master Degree High 500000 10% 22 2023 - To - 2025 3 Sandhya High 0 0% 0 Fund for - Marriage Expenses High 300000 6% 30 2031 1 Your Age Future Financial Goal Fund for - Need - New Residential House High 3500000 6% 47 2020 1 Fund for - Need - Motor Car Medium 800000 6% 42 2015 1 Fund for - Need - Bike for Kevin Medium 70000 6% 45 2018 1 Fund for - Need - Scooty for Sandhya Medium 55000 6% 48 2021 1 Future Fund for - Need - 2 Computer System Medium 80000 5% 44 2017 1 Need & Fund for - Dream - Farm House & Land Optional 3000000 6% 57 2030 1 Fund for - Need - Home Appliances / Furniture Optional 250000 0% 10000 56 2029 1 Dreams Fund for - Dream - Create Wealth for Family Optional 5000000 0% 77 2050 1 High 0 0% 0 Fund for - Dream - Foreign Tour Optional 250000 5% 62 2035 - To - 2055 Every 5 Year Fund for - Dream - Domestic Long Tour Optional 40000 5% 57 2030 - To - 2045 Every 3 Year Your AgeRetirement Fund for - Funds to be required to provide regular expenses Planning try High 7224450 60 2033 1 h n from Retirement year onwards. Retirement tis Pla is Fund for - Medical Expenses High 500000 6% 60 2033 1 Corpus & M Fund for - Tour - Yatra Medium 1000000 5% 60 2033 1 Provision Sa ple Fund for - Donation / Gift Low 1000000 5% 60 2033 1 Fund for - Reserve Balance Optional 1000000 6% 60 2033 1 By m Sa Contact : Satish Mistry, Email: moneycarefp@gmail.com 2
  3. 3. Sample Financial Plan Report in Excel 30/09/2012 Personal & Family Information Name : Amar Patel Office Address : Res.: 0261-12345678 123, xxxxxxxxxxxxxx Contact No.: Cell : 9999988888 xxxxxxxxxxxxxxxxxxx E-mail : amar.patel@moneycarefp.com Location / City : Surat Sex Male State : Gujarat Country: India Marital Status : Married Residential Address :Personal & Family Information Education : M.Sc. 345, zzzzzzzzzzzzzzzzz Job / Business? Doing Job zzzzzzzzzzzzzzzzzzzzzzzzz Working Field : Medical / Pharma Location / City : Surat Organisation : XYZ Co. State : Gujarat Country: India If in Job, Started Year 2000 Residential Status : Own Birth Date : 07/05/1973 Age : 39 Have you a habits of Smoking? Yes Retirement Planned at Age-Years 60 Have you a habits of chewing Gutkha? Yes Life Expectancy : Years 80 Have you a habits of drinking alcohol? Yes Spouse Information Name : Sangita Patel Working Field : Financial Services Give Details If Working, Education : B.Com. Organisation : ABC. Co. Birth Date : 16/07/1976 Age : 36 If in Job, Started Year 0 Working Status: Working Retirement Planned at Age-Years 60 Job / Business? Self Employed Life Expectancy : Years 80 Family / Dependant Information Name Sex Relationship Current Status Health Status Date of Birth Age Amar Patel Male Self Doing Job Very Good 07/05/1973 39 Sangita Patel Female Spouse / Wife Working Very Good 16/07/1976 36 Maheshbhai Patel Male Father Retired Above Average 05/02/1948 64 Sujataben Patel Female Mother Retired Average 22/11/1951 60 Kevin Male Son Studying Very Good 18/04/2001 11 try h n Sandhya Female Daughter Studying Very Good 26/02/2006 6 tis Pla is 0 0 0 0 0 0 M 0 0 0 0 0 0 Sa ple By m Sa Contact : Satish Mistry, Email: moneycarefp@gmail.com 3
  4. 4. Sample Financial Plan Report in Excel 30/09/2012 Present Situation, Findings & Analysis Present : Cash Inflow -Outflow Analysis Present Cash Flow Situation : Inflow Outflow Particulars % of Total Housing Yearly Amount Rs. Income Personal Income Spouse Income Food Expenses Current Income : Particulars Amount Rs. Other Income Personal Particulars Outflow Expenses 10% Personal Expenses Personal Income / Business Income OR Salary Income 620657 64% Personal Expenses 68400 12% Regular Income Income 620657 8% Spouse Income / Business Income OR Salary Income 180000 19% Spouse Income 180000 Housing Expenses 83400 Agriculture Income etc. 150000 16% Other Income 165000 Food Expenses 104600 Living 64% Expenses House Rent Income 0 Living Expenses 114600 13% Other Income 0 Health Expenses 52400 Other Income 0 2% 19% Entertainment Expenses 62000 Other Income 0 Investment Loan Repayment 132000 Health 17% Outflow Expenses Interest Income from Advances / Loan Given 15000 15000 Investment Outflow 257991 29% 6% 965657 Entertainm Net Total Income : ( Amount Rs.: ) 965657 ent Loan Expenses Cumulative Surplus Repayment Current Expenses : Outflow % Regular Expenses 7% Outflow % Ratio% 15% Personal Expenses 68400 14% Basic Surplus : ( Total Income - Total Expenses) Housing Expenses 83400 17% As per 700000 Food Expenses Annexure of 104600 22% Detailed 50% Living Expenses Expenses 114600 24% 600000 Sheet Health Expenses 52400 11% 500000 Entertainment Expenses 62000 13% 400000 Total Expenses : ( Amount Rs.: ) 485400Basic Surplus Basic Surplus : ( Total Income - Total Expenses) 480257 50% 300000 try & Loan Regular Payment towards Loan EMI / Interest Payment 132000 14% h n Repayment 200000 tis Pla Total Outflow : 617400 64% is Net Surplus available for Investments : 348257 36% 100000 M Surplus & Regular Investment Commitment from Surplus Amount : 257991 27% Sa ple 0Investments 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 Net Outflow (After Investment Commitment) : 875391 91% By m Net Balance ( + / - ) - C/F to Cash Account : 90266 9% Sa Contact : Satish Mistry, Email: moneycarefp@gmail.com 4
  5. 5. Sample Financial Plan Report in Excel 30/09/2012 Present & Projected - Cash : Inflow -Outflow Analysis Expenses : Loan Repayment : Regular Investments : Balance C/F to Cash : Net Total Income : ( Amount Rs.: )350000030000002500000200000015000001000000 500000 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033-500000 Regular Investments : Balance C/F to Cash : Net Surplus available for Investments : 700000 600000 500000 400000 300000 try 200000 h n tis Pla 100000 is 0 M 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 -100000 Sa ple By m Sa Contact : Satish Mistry, Email: moneycarefp@gmail.com 5
  6. 6. Sample Financial Plan Report in Excel 30/09/2012 Breakup of Outflow Expenses : Loan Repayment : Regular Investments : Balance C/F to Cash : 100% 80% 60% 40% 20% 0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 -20% Breakup of Expenses Personal Expenses Housing Expenses Food Expenses Living Expenses Health Expenses Entertainment Expenses100%90%80%70%60%50%40% try30% h n tis Pla20% is M10% Sa ple 0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 By m Sa Contact : Satish Mistry, Email: moneycarefp@gmail.com 6
  7. 7. Sample Financial Plan Report in Excel 30/09/2012 Assets ( Personal & Investments )For Personal / Family use Fixed Assets - Outstanding (Personal / Family Use ) Current Value Appreciation Depreciation Assets bought Wants to use for Assets Worth, Assets owner? Under Lien? Loan Amount of Assets Rs. (%) (%) on Loan? goal funding? as of today? Immovable Properties Rs. Fixed Assets - Residential Building / Flat 0 1500000 5% 0% Yes Yes Yes 150183 1349817 Agriculture Land 0 1500000 5% 0% No 0 No 0 1500000 Shop / Office Premises 0 0 5% 0% No 0 0 0 0 Movable Properties Furniture / Fixtures / Paintings 0 750000 0% 5% No 0 No 0 750000 Home Contents / Appliances 0 200000 0% 5% No 0 No 0 200000 Home Contents / Appliances 0 0 0% 0% No 0 0 0 0 Four Wheelers 0 300000 0% 10% Yes 0 Yes 0 300000 Four Wheelers 0 0 0% 0% No 0 0 0 0 Two Wheelers 0 35000 0% 10% Yes 0 Yes 22629 12371 Two Wheelers 0 0 0% 0% No 0 0 0 0 Two Wheelers 0 0 0% 0% No 0 0 0 0 Jewellery / Gold Ornaments 0 250000 6% 0 0 Yes 250000 Fixed Assets Appreciation Depreciation ( Investments Purpose Only )Investment Purpose (%) (%) Immovable Properties Additional Residence / Flat Fixed Assets - 0 0 5% 0% No 0 0 0 0 Commercial Land 0 0 5% 0% No 0 0 0 0 Agriculture Land 0 0 5% 0% No 0 0 0 0 Holiday Home / Farm House 0 0 5% 0% No 0 0 0 0 Shop / Office Premises 0 1000000 5% 0% No 0 0 0 1000000 Any Others 0 0 5% 0% No 0 0 0 0 Movable Properties Gold / Silver / Ornaments 0 350000 6% 0% 0 Yes 350000 Gold / Silver / Ornaments 0 100000 6% 0% 0 Yes 100000 Gold / Silver / Ornaments 0 0 6% 0% 0 0 0 Total Amount Rs.: 5985000 172812 5812188 Summary : Assets worth & Immovable Properties 3000000 150183 2849817 Personal Liabilities Movable Properties 1535000 22629 1512371 Purpose only try Total Amount Rs.: h n 4535000 172812 4362188 tis Pla Immovable Properties 1000000 0 1000000 Investment is Movable Properties 450000 0 450000 Purpose only M Total Amount Rs.: 1450000 0 1450000 Sa ple Fixed Assets : : Grand Total Rs.:: 5985000 172812 5812188 By m Sa Contact : Satish Mistry, Email: moneycarefp@gmail.com 7
  8. 8. Sample Financial Plan Report in Excel 30/09/2012 Investments Future Future Surrender Fixed OR Weighted Current Current Asset Type Asset Category Scheme Category Investment Investment Income from Value / Cash Estimated Average Rate of Value Return (%) Allocation (%) Return (%) Commitment Investment ValueCash & EquivelantCash Cash Account Cash Account + Savings A/c. Balance 225668 225668 4.00% Bank FDR Bank Fixed Deposit : < 1 Year 120000 114000 8.00% Mutual Funds Debt -Liquid 11424 11195 8.00% - 357092 - - 350863 5.95% 5.47%Fixed Return SchemesBank & Company FDR / NCDsDebt Bank FDR Bank Fixed Deposits > 1 Year 100000 106660 - - 95994 8.16% Bonds / NCDs & Co. FDs Company FDs 135000 137371 - 45943 123634 10.49% Bonds & NCDs 250000 254064 - 40050 228657 10.42% 485000 498094 - 85993 448285 8.30% 9.96%Post Office SchemesDebt Post Office Scheme Post Office Recurring Deposit Scheme 65500 80297 24500 - 72267 7.95% Senior Citizen Savings Scheme 150000 150000 - 50625 135000 9.00% Post Office Monthly Income Scheme 350000 350000 - 106833 315000 8.14% Kisan Vikas Patra 35000 37402 - - 33662 8.41% National Savings Certificates 80000 86073 - - 77466 8.62% Post Office - Time Deposits 25000 26746 - - 24072 8.56% 705500 730518 24500 157458 657467 12.18% 8.38%Direct EquityEquity Stock Market Direct Equity - 86304 - - 64728 18.00% 1.44% 18.00%Mutual FundEquity Mutual Funds Equity - Diversified - 630663 5796000 - 567597 15.00% Equity - Diversified -ELSS - 756828 2142000 - 681146 15.00% Equity - Sectoral - 44704 - - 40234 15.00% Equity - Thematic & Others - 115360 - - 103824 15.00%Hybrid Hybrid Fund - Balanced - 14804 - - 13324 12.55% Hybrid Fund - Asset Allocation/Others - - - - - 10.00% Hybrid Fund - MIP - 17176 - - 15458 9.40%Debt Debt -Short Term, Income & G. Sec. - - - - - 8.00% - 1579536 7938000 - 1421583 26.33% 14.92%Gold / Silver ( ETF / Coins / Bars )Gold Mutual Funds Gold Funds / ETF - - - - - 8.00% try Gold / Silver- ( Coins / Bars / Ornaments) 450000 405000 6.00% h n - 450000 - - 405000 7.50% 6.00% tis Pla isReal EstateProperties Properties Investment Real Estate & Other Properties 1000000 800000 5.0% 16.67% 5.00% M Sa pleRetirement FundDebt Retirement Fund Retirement A/c. - Contribution (EPF / EPS) 315000 1710720 - 9.50% Post Office Scheme Public Provident Fund 85000 124000 147000 - - 8.00% By m 85000 439000 1857720 - - 7.32% 9.08% Sa Contact : Satish Mistry, Email: moneycarefp@gmail.com 8
  9. 9. Sample Financial Plan Report in Excel 30/09/2012 Investments Future Future Income Surrender Asset Type Asset Category Scheme Category Investment Current Value Investment from Value / Cash IRR (%) Commitment Investment ValueTraditional Life Insurance / Pension PlanDebt Life Insurance Single Prem.-Traditional Life Ins.Plan 50000 92125 - - 53213 4.80% Single Prem.-Traditional Pension Plan 45000 81500 - - 73350 3.93% Reg. Prem. -Traditional Life Insurance Plan 218966 343466 175185 37500 150004 4.78% Reg. Prem.-Traditional Pension Plan 51600 96600 77400 - 38418 5.71% 365566 613691 252585 37500 314984 10.23% 4.81%Unit Linked Life Insurance / Pension PlanEquity Life Insurance Single Prem.-Unit Linked Insurance Plan 50000 53000 - - 51000 4.49% Reg. Prem.-Unit Linked Insurance Plan 50000 30000 - - 20000 -4.23% Single Prem.-Unit Linked Pension Plan 50000 53000 - - 51000 4.49% Reg. Prem.-Unit Linked Pension Plan 60000 108000 90000 - 91000 5.03% 210000 244000 90000 - 213000 4.07% 3.66% 5998235 10162805 280951 4675909 100.00% Your Investment Portfolio is growing @pre-tax return (Weighted Average Return) 8.95% try h n tis Pla is M Sa ple By m Sa Contact : Satish Mistry, Email: moneycarefp@gmail.com 9
  10. 10. Sample Financial Plan Report in Excel 30/09/2012 Current Asset Allocation Analysis : 2500000 Equity 32% 2000000 Debt 1500000 38% 1000000 Gold 7% 500000 Properties 0 Cash 17% Cash Debt Equity Gold Properties 6%Current Value 357092 2300226 1890918 450000 1000000Surrender Value 350863 1437765 1682281 405000 800000 Cash Debt Equity Gold Properties 1800000 Post Office Scheme Bonds / NCDs & 14% 1600000 Co. FDs 7% Stock Market Life Insurance 1400000 1% 14% 1200000 1000000 Physical Gold / Funds / ETF 800000 Mutual Funds 7% 27% 600000 400000 Properties try Investment h n 200000 17% Bank FDR tis Pla Cash Account Retirement Fund is 4% 0 4% 5% Physical Properti M Bonds / Post Life Retirem Cash Bank Mutual Stock Gold / es NCDs & Office Insuranc ent Sa ple Account FDR Funds Market Funds / Investm Co. FDs Scheme e Fund ETF ent Cash Account Bank FDR Mutual FundsCurrent Value 225668 226660 1590960 86304 391434 854518 857691 450000 1000000 315000 Stock Market Bonds / NCDs & Co. FDs Post Office Scheme By m Life Insurance Physical Gold / Funds / ETF Properties InvestmentSurrender Value 225668 209994 1432778 64728 352291 657467 527984 405000 800000 0 Retirement Fund Sa Contact : Satish Mistry, Email: moneycarefp@gmail.com 10

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