GST will impact various types of investments and financial services. Mutual funds purchased through SIP will have a higher cost due to an 18% GST on financial services. Brokerage fees for stock purchases will also be higher with an 18% tax on financial services. Financial planning services will become more expensive as advisors must register for GST. Insurance premiums for terms plans, ULIPs, health insurance, and other products will rise as taxes increase from 15% to 18%. However, annuity products will have a lower GST. In the long run, remaining focused on financial goals and allowing investments to grow through compounding can offset these short-term impacts of GST.