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100 FAQ's on Basic Finance

Module Units

What is Financial Planning?

Financial planning is a road-map to estimate your current and future financial position and thereby enabling you to achieve all your goals in a systematic manner. 


The process of financial planning encompasses all the processes of identifying your financial goals and your risk-return needs and investing in the right products to help you achieve your goals.


Questions you should ask yourself while building a plan:

  • What is my current net worth?
  •  What are my goals?
  • How much money do I need and when?
  • How much risk can I take?
  • Where should I invest? - Stocks, Fixed income, Real estate, Commodity, Cash.

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Units 75/101