In today’s world, health insurance is not a luxury—it’s a necessity. With medical inflation, which as per Mr CEO of Medi Assist, a leading TPA , Mr. Satish Gidugu, is currently estimated at around 12-14% annually, Read report here (https://www.theweek.in/news/health/2025/06/22/medical-inflation-in-india-is-outpacing-general-inflation-by-a-considerable-margin.html). having a safety net is crucial to protect your savings from unexpected medical emergencies. A lot of my readers who are salaried , have corporate provided plans and hence think they are protected enough. But is that enough? This question leads to a common dilemma: should you rely solely on your company’s plan, or is a personal health insurance policy a wiser choice? Let’s break down the pros and cons of each to help you decide. Understanding the Two Types Corporate Health Insurance (Group Plan): This is a group policy that an employer provides to its employees. It often covers the employee, and sometimes their family, parents , in-laws etc, with premiums typically paid fully or partially by the company. Personal Health Insurance: This is a policy you purchase for yourself and your family. You are the policyholder, and you are responsible for paying the premiums and managing the policy. The Case for Corporate Health Insurance: The Free Lunch? Corporate health insurance comes with several attractive benefits, making it an easy choice for many. Cost-Effective: The biggest advantage is that the premium is usually paid by your employer. This is a significant financial benefit, as you get coverage without the direct burden of monthly premiums. No Waiting Periods: Many corporate plans offer immediate coverage from day one, often bypassing the waiting periods for pre-existing conditions that are common in personal policies. No Medical Check-ups: You are typically not required to undergo a medical check-up to enroll, which is a major relief for individuals with pre-existing health issues. Basic Coverage for All: The policy is standardized, ensuring that all employees have a basic level of financial protection against medical costs. The Hidden Catches of Corporate Coverage While convenient, relying solely on your corporate plan can leave you vulnerable. Job-Dependent Coverage: The most significant drawback is that your coverage is tied to your employment. If you leave your job, retire, or are laid off, your insurance ends, leaving you and your family exposed. Limited Customization: Corporate plans are “one size fits all.” You have very little say in the sum insured, features, and add-ons. The coverage may not be adequate for major illnesses or high-end treatments, especially in a city with high healthcare costs. No-Claim Bonus (NCB) Loss: Unlike personal policies, corporate plans do not offer a No-Claim Bonus (NCB), which is a discount on your premium for every claim-free year. This is a benefit you lose out on. The Strength of a Personal Health Insurance Policy A personal policy puts you in the driver’s seat and provides long-term security. Total Control and Customization: You can choose a plan that fits your unique health needs and budget. You can select a higher sum insured, add critical illness riders, and include your parents and other dependents. Portability and Continuity: Your personal policy is not tied to your job. You can take it with you when you switch employers, ensuring continuous coverage throughout your life, including after retirement. No-Claim Bonus (NCB): Personal policies reward you for staying healthy with a no-claim bonus, which can significantly reduce your premium over time. Tax Benefits: Premiums paid for a personal health insurance policy are eligible for a tax deduction under Section 80D of the Income Tax Act. The Downsides of a Personal Policy Of course, personal insurance isn’t without its challenges. Higher Cost: You are responsible for the entire premium, which can be a significant expense, especially for a comprehensive plan. Waiting Periods: Most personal policies have waiting periods for specific illnesses and pre-existing conditions, which can range from a few months to several years. Medical Check-up: You may need to undergo a pre-medical check-up, and the premium can be higher based on your health history. Product Corporate Health Insurance (Group Plan) Personal Health Insurance (Individual/Family Floater) Premiums Usually paid by the employer (fully or partially). Paid entirely by the policyholder. Cost Generally more affordable for the employee. Can be more expensive, as the premium is based on your individual health and age. Customization Very limited. The coverage and sum insured are standardized for the entire group by the employer. Highly customizable. You can choose the sum insured, add-ons (like maternity, critical illness cover), and other features as per your needs. Coverage Often basic and may have sub-limits on room rent or specific treatments. Can be comprehensive, with higher sum insured and fewer sub-limits, offering better protection against major illnesses. Waiting Periods Usually waived off, and pre-existing diseases are covered from day one. Has mandatory waiting periods (e.g., 30 days for new diseases, 2-4 years for pre-existing conditions). Portability Not portable. The policy terminates the moment you leave the company. Fully portable. You can transfer the policy to a new insurer while retaining your benefits, such as the No-Claim Bonus and waiting period credits. No-Claim Bonus (NCB) Not applicable. There is no benefit for not making a claim. A key feature. Your sum insured increases or the premium decreases for every claim-free year. Medical Check-up Typically not required for enrollment. May be required, especially for individuals over a certain age or with pre-existing conditions. Family Coverage May or may not include family members (spouse, children, parents). The extent of coverage is at the employer’s discretion. You can choose to cover yourself, your spouse, your children, and your parents under a single family floater policy or separate individual plans. Tax Benefits The premium paid by the employer is a business expense for them. Employees may not get a direct tax benefit unless they pay for a portion of the premium or a top-up plan. Premiums paid are eligible for a tax deduction under Section 80D of the Income Tax Act. Long-Term Security Unreliable. Coverage ends upon job change, layoff, or retirement. Provides lifelong security as long as
A critical illness plan is a type of insurance that provides a lump-sum cash payout if you’re diagnosed with a life-threatening condition listed in the policy. It’s designed to supplement your existing health insurance, giving you a financial safety net to cover expenses that regular health insurance might not. What is a Critical Illness Plan and How Does It Work? Critical Illness plan would make a Lumpsum payout on diagnosis of the specified critical illness.( So make sure to read through all Critical illness are covered in your policy). Unlike standard health insurance, which reimburses your medical bills for hospital stays and treatments, a critical illness plan pays you a predetermined lump sum upon the diagnosis of a covered illness. This payment is made regardless of your actual medical expenses( So you do not have to produce any medical bills to claim). You can use this money however you see fit: to pay for non-medical costs, cover lost income during your recovery, or even pay off debts. ( So the end use is not specified here). Imagine you’re diagnosed with cancer. Your health insurance will take care of your hospital and treatment bills, but what about the time you’ll have to take off work? Or the travel costs for specialized treatment? This is where a critical illness plan comes in, providing a financial cushion that helps you focus on getting better without worrying about day-to-day finances. The question is how is it helpful ? Having health insurance and a life cover is a great start, but a critical illness plan offers a unique and crucial layer of financial protection. It’s not a myth, it’s a valuable tool that provides support in three major ways. Lumpsum Payments Unlike health insurance, which reimburses specific medical expenses, a critical illness policy provides a lump-sum payment upon diagnosis. You have complete freedom to use this money for any purpose, whether it’s paying for large hospital bills, clearing outstanding debts, or covering EMIs and household bills. This flexibility ensures you can handle various financial needs without added stress. Income Replacement Critical illnesses often lead to prolonged treatments or a debilitated state, making it impossible for the primary earner to work. During these stressful times, a CI plan can serve as an income replacement, providing a financial cushion for your family. This helps compensate for lost income and ensures financial stability when you need to focus on recovery. Cover both medical and non- medical expenditures Because the end use of the claim payout is not defined, it can be used for both medical and non-medical expenditures that arise during or after the illness. This includes expenses that standard health insurance won’t cover, such as specialized care, travel for treatment, or even home modifications. Who should buy it ? Sole Breadwinners If your family’s financial security depends on your income, a critical illness plan is a must-have. It acts as a safety net, protecting your loved ones from financial hardship if you are unable to work. Individuals with a Family History of CI If critical illnesses run in your family, you may be more susceptible. It is highly advisable to secure a critical illness cover, as it becomes a necessary part of your health and financial planning. People with a Sedentary Lifestyle Those with a sedentary lifestyle face a higher risk of developing critical illnesses. A critical illness plan provides essential protection against the financial fallout of such health issues. What Illnesses Are Typically Covered? While the exact list of covered illnesses varies by insurer, most critical illness plans cover a range of serious, life-altering conditions. These often include: Cancer of specified severity Kidney failure requiring regular dialysis Multiple Sclerosis with persisting symptoms Benign Brain Tumour Motor Neuron Disease with Permanent Symptoms End-Stage Lung Failure End-Stage Liver Failure Primary (Idiopathic) Pulmonary Hypertension Parkinson’s Disease Before the Age Of 50 Years Alzheimer’s Disease Before the Age Of 50 Years Major Organ (Heart/ Lung/ Liver/ Kidney /Pancreas) or Human Bone Marrow Transplant Open heart replacement or repair of heart valves Open chest CABG Surgery Of Aorta Stroke resulting in permanent symptoms Permanent Paralysis of Limbs Myocardial Infarction (First Heart Attack of specified severity) Third Degree Burns Loss of Speech Blindness Loss of Limbs Deafness Coma of Specified Severity Major Head Trauma Muscular Dystrophy Note to reader : Always check the policy document to see the full list of covered conditions, as well as the specific definitions and severity criteria required to make a claim. Basics of the plan? Let’s understand the basic conditions of the plan , to understand the basic structure of the plans. Again note to readers these a basic conditions can vary from plan to plan Age – 5 years to max 65 Years Sum Insured – 1 lakh to 1 cr or even more is available under some plans Renewability : Life Time Waiting Periods : Applicable ( 0/30/90/180 Days) Survival Period : applicable ( 0/15/ 30 days) ( This is an important condition, a claim can be made only after the insured person survives this survival period ) Exclusion : applicable ( read policy document for better understanding) Tax Benefits Premium Paid : Rs 25,000/- per year ( this is the maximum limit ) (under section 80 D) Claim : Tax free claim proceeds Critical Illness vs. Health Insurance: What’s the Difference? Feature Critical Illness Insurance Health Insurance Policy Type Benefit-based Indemnity-based Purpose Backup shield for major health crises Primary shield for medical expenses Payout One-time lump sum upon diagnosis Reimbursement of hospital and medical expenses Tied to Bills? No, the payout is not tied to medical bills Yes, payout is based on actual medical expenses Usage of Funds You can use the lump sum as you need (e.g., for lost income, debt, etc.) Funds are used to pay for medical bills via cashless or reimbursement Claim Frequency Usually a single claim after which the policy ends You can make multiple claims throughout the policy period Role Provides a financial boost for non-medical
Fund Name Year Of inception Fund rating ( Crisil rated ) Portfolio Size ( In Cr ) Expense ratio PE ratios Exit Load Benchmark ICICI Pru Multi Asset Fund (G) 2002 _ 63,001.13 cr 1.38 21.32 For units in excess of 30% of the investment, 1% will be charged for redemption within 365 days Nifty 200 TRI (65%) + Nifty Composite Debt Index (25%) + Domestic Price of Gold (6%) + Domestic Price of Silver (1%) + iCOMDEX Composite Index (3%) Quant Multi Asset Fund (G) 2001 _ 3,666.25 cr 1.86 16.06 1% for redemption within 15 days Composite Benchmark of 65% S&P BSE 200 + 15% CRISIL Short Term Bond Fund Index + 20% iCOMDEX Composite Index (Total Return variant of the index (TRI) will be used for performance comparison) UTI Multi Asset Allocation Fund Reg (G) 2008 _ 5,902.09 cr 1.73 29.22 1% for redemption within 30 days 25% CRISIL Composite Bond TR INR, 10% Price of Gold, 65% BSE 200 TR INR HDFC Multi Asset Fund (G) 2005 _ 4,634.55 cr 1.88 21.26 For units in excess of 15% of the investment, 1% will be charged for redemption within 365 days 65% Nifty 50 TRI + 25% Nifty Composite Debt Index + 10% Price of Domestic Gold (as per AMFI Tier I Benchmark) SBI Multi Asset Allocation Fund Reg (G) 2005 _ 9,440.3 cr 1.42 21.50 For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days 45% BSE 500 TRI + 40% Crisil Composite Bond Fund Index + 10% Domestic prices of Gold + 5% Domestic prices of Silver WhiteOak Capital Multi Asset Allocation Fund Reg (G) 2023 – 3,039.83 Cr 1.63 21.31 For units in excess of 10% of the investment, 1% will be charged for redemption within 30 days CRISIL Short-Term Bond Index (45.00%), Domestic Price of Gold (19.00%), Domestic Price of Silver (1.00%), BSE 500 Total Return Index (35.00%)^ Nippon India Multi-Asset Allocation Fund Reg 2020 _ 6,649.41 cr 1.45 21.09 For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months 50% of BSE 500 TRI, 20% of MSCI World Index TRI, 15% of Crisil Short Term Bond Index, 10% of Domestic prices of Gold & 5% of Domestic prices of Silver ICICI Pru Multi Asset Fund (G) : ICICI has been one of the pioneers of this category and has been running this fund since 2002, With a large fund size 63,001 cr with the next fund far away in terms of size. Very low expense ratio of 1.38. Fund PE is 21.32 showing a growth bias in the fund. With Benchmark as Nifty 200 65% + debt 25% + Domestic price of gold 6% and Price of silver 1%+ IComex 3%, which shows the fund would always have 10% in the commodities Quant Multi Asset Fund (G) :  This fund was one of the earliest funds launched in 2001, Fund size of 3,666.25 cr. The expense ratio of the fund is 1.86, Fund has PE of 16.06. The fund is benchmarked against 65% BSE 200+ 15 CRISIL short term bonds +20% ICOMDEX TRI, so this fund has a major allocation to commodities to 20%, the debt allocation here is reduced to 10%. But the equity portion remains the same. UTI Multi Asset Allocation Fund Reg (G): This fund was launched in the year 2008, it had delivered results in very recent times, with a decent fund size of 5,902.09 Cr. The fund has a high expense ratio of 1.73. The high PE of 29.22 shows a major allocation to growth stock. The benchmark of the fund is 65% BSE 200 TR INR + 25% CRISIL composite bond TR INR + 10% price of gold. Which is very similar to that of ICICI so it would also have a 10% index in the commodities. HDFC Multi Asset Fund (G): The fund was launched in the year 2005, with a decent fund size of 4,634.55 cr. The fund expense ratio is high at 1.88. The PE of 21.26 shows growth bias. The fund’s benchmark is 65% NIFTY50 TRI+ 25% in NIFTY Composite Debt + 10% price of Domestic gold. The fund is somewhat similar to ICICI but only shows gold as commodity. SBI Multi Asset Allocation Fund Reg (G) : This fund was launched in 2005, with a Second largest fund size of 9,440.3 Cr. The expense ratio for the fund is 1.42. PE of 21.50, again growth orientation. The fund is benchmarked with 45% BSE 500 TRI+ 40% CRISIL Composite bond fund +10% domestic prices of gold + 5% domestic price of silver , So this fund has taken a much larger call in debt instruments, and with high concentration of gold at 10% and silver at 5%. So it stands a bit conservative from an equity perspective. WhiteOak Capital Multi Asset Allocation Fund Reg (G): This fund is a new entrant for discussion. It was not part of the last discussion. to the market launched in 2023,a bit high expense ratio of 1.63. part of the list as it gave a spectacular performance since its debut. Fund size of Rs 3,039.83 cr . PE of 21.31 shows growth bias. The fund is benchmarked as 35% BSE 500 TRI Index +45% CRISIL short term bond index + 19% domestic price of bond + 1% domestic price of silver. So this fund has given much more weightage to gold at 19% , again more debt oriented rather than equity oriented , with just 35% as benchmark allocation. Comparable to SBI but very different from others discussed till now. Nippon India Multi-Asset Allocation Fund Reg : The fund was launched in the year 2020, and has a decent fund size of 6,649.41cr. The funds expense ratio is 1.45, and PE of the fund is 21.09 again shows growth orientation. The fund is benchmarked as 50% BSE 500 TRI+ 20% MSCI World Index TRI, 15% CRSIL short term bond
The small cap funds have been in fashion for quite some time. Last discussion on the fund was done in the month of October 2024( you can check the blog here). It was revised from the last one in March 2024. Since October 2024 , the Mahindra Manulife Small Cap Fund Reg (G) is dropped in this discussion in its place we have included Motilal Oswal Small Cap Fund Reg (G), the fund has delivered exceptional returns so, we have included it here. Though it would need more time to understand if this fund can deliver results consistently or not. Fund Name Year Of inception Fund rating ( Crisil rated ) Portfolio Size ( In Cr ) Expense ratio PE Exit Load Benchmark Quant small cap fund 1996 3 26,221 cr 1.60 22.55 1% for redemption within 365 days Nifty Smallcap 250 TRI Bandhan Small cap fund 2020 4 10,244.1 cr 1.69 11.80 1% for redemption within 365 days BSE 250 Smallcap TRI Hdfc Small cap fund 2008 3 30,880.43 cr 1.61 10.01 1% for redemption within 365 days BSE 250 SmallCap Index (TRI) Nippon India small cap fund 2010 4 58,028.59 cr 1.44 9.33 1% for redemption within 365 days Nifty Smallcap 250 TRI Axis Small cap fund 2013 4 23,317.93 1.61 10.37 For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days Nifty Smallcap 250 TRI HSBC Small Cap fund 2014 2 14,736.99 Cr 1.69 9.91 For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days NIFTY Small Cap 250 TRI SBI small cap fund 2009 3 31,790 cr 1.58 24.13 1% for redemption within 365 days BSE 250 Small Cap Index TRI DSP small Cap fund 2007 3 14,258.03 cr 1.73 20.68 1% for redemption within 364 days BSE 250 Small Cap TRI ITI Small Cap Fund Reg (G) 2020 5 2,293.79 cr 1.96 8.78 1% for redemption within 365 days Nifty Smallcap 250 TRI Motilal Oswal Small Cap Fund Reg (G) 2023 – 4331.97 cr 1.86 29.59 1% – If redeemed on or before 365 days from the date of allotment. Nifty Small cap 250 TRI Quant small cap fund The fund launched in 1996, one of the oldest performing funds in the category, but of course it was not launched by quant but had been taken over by quant, it has 3 star rating . The Portfolio size of 26,221 cr. The portfolio size has remained constant since last review. The fund has PE of 22.55. The expense ratio of the fund is 1.60. Bandhan Small cap fund The fund was launched in the year 2020, and enjoys a 4 star rating. The fund has a portfolio size 10,244.1 cr, which is a substantial increase from the last time. The PE of the fund is 11.60. The ratio of the fund is 1.69 HDFC Small cap fund The fund launched in 2008, with rating of 3 stars, fund size of 30,880 cr, third highest fund size. THe fund has PE of 19.53. The expense ratio of the fund is 1.61. Nippon India small cap fund The fund was launched in 2010, enjoys 4 star rating, highest AUM size of 58,028 cr, the fund size has not moved much since last time. The PE of the fund is 25.02. The expense ratio is 1.44. Axis Small cap fund The fund was launched in 2013, enjoys a 4 star rating from CRISIL. With an AUM of 23,317.93 , the fund has not moved much. PE of the fund is 10.37. The expense ratio is 1.61. HSBC Small Cap fund The fund was launched in the year 2014, 2 star rated fund. The AUM of 14,736.99 cr, this fund has lost AUM since last discussion. The PE of the fund is 27.3. The expense ratio is 1.69 SBI small cap fund The fund was launched in the year 2009, 3 star rated. The AUM of the fund was 31,790 cr. It climbed from 2nd largest fund in the category. The PE of the fund is 24.13. The expense ratio of the fund is 1.58. DSP small Cap fund The fund was launched in 2007, 3 star rated, moved up from 1 star rated. The AUM of the fund of 14,258.03 cr , it did lose a lot of AUM. The PE of the fund is 20.68. The expense ratio of the fund is 1.73 ITI Small Cap Fund Reg (G) The fund was launched in the year 2020, currently rated 5 star, small fund size of 2293.79 cr. The PE of the fund is 28.41. The expense ratio of the fund is 1.96. Motilal Oswal Small Cap Fund Reg (G) The fund was launched in 2023, and has delivered exceptional returns , so it made it to the list. Currently not rated by CRISIL. AUM of the fund is 4331.97cr. The PE of the fund is 29.59. Expense ratio of the fund is 29.59. Trailing Returns : Scheme 1 Year 3 Year 5 Year 7 Year 10 Year 15 Year Quant small cap fund -1.56 27.89 46.85 25.92 19.63 17.17 Bandhan Small cap fund 20.21 33.63 36.25 – – – Hdfc Small cap fund 7.57 26.98 34.38 17.02 18.77 16.78 Nippon India small cap fund 5.02 28.48 38.33 21.51 22.13 – Axis Small cap fund 11.42 23 30.78 21.43 19.02 – HSBC Small Cap fund 3.04 25.02 35.72 17.39 19.65 13.55 SBI small cap fund 1.66 19.51 29.02 17.87 19.45 20.7 DSP small Cap fund 14.43 24.14 33.36 18.28 17.8 18.94 ITI Small Cap Fund Reg (G) 9.48 30.32 29.43 – – – Motilal Oswal Small Cap Fund Reg (G) 21.56 – – – – – 1 year trailing 1st quartile : 16.5- 22 : Bandhan Small cap fund , Motilal Oswal Small Cap Fund Reg (G) 2nd quartile : 11- 16.5 : Axis Small cap fund, DSP small Cap fund 3rth quartile : 5.5- 11  : Hdfc Small cap
Imagine a future where your financial well-being isn’t a constant source of worry, where you feel confident in your ability to navigate life’s uncertainties, and where your long-term goals seem within reach. For many, this vision of a secure financial future encompasses a comfortable retirement, the capacity to handle unexpected expenses without significant disruption, and perhaps even the ability to leave a lasting legacy for loved ones or support causes that matter most. Achieving such security in today’s complex financial landscape can feel overwhelming, but there is a professional who can help you chart a course toward these aspirations: a wealth management advisor. Demystifying the Wealth Management Advisor Wealth management advisors are professionals who offer personalized financial advice and services to individuals with significant assets. These professionals play a crucial role in assisting clients with various aspects of their financial lives, including Investment management, Retirement planning, Tax strategies, Estate planning. Their primary aim is to simplify complex financial matters, providing highly personalized support and strategies tailored to each client’s unique circumstances, goals, and priorities. With expertise spanning finance, accounting, and even law in some cases, wealth management advisors offer comprehensive guidance that extends beyond simple investment advice. They often coordinate a range of financial services, acting as a central point of contact to manage a client’s assets holistically and create a strategic plan that addresses both current and future needs. It’s important to understand the nuances between a wealth advisor and a general financial advisor. While both types of professionals aim to help clients achieve their financial goals, wealth managers are often considered a subset of financial advisors who typically serve more affluent clients. Wealth managers tend to offer a more in-depth analysis of financial plans, bringing additional tools and specialization that are particularly beneficial for individuals with higher net worth. Their services may extend beyond basic financial advice to include areas like sophisticated estate planning, tax optimization, and long-term legacy planning. In contrast, financial advisors may work with a broader range of individuals across varying income levels. Wealth management often involves a more comprehensive and hands-on approach, reflecting the complexity and scale of the financial lives they manage. The Comprehensive Services Offered by Wealth Management Advisors Personalised Financial Plan : A cornerstone of wealth management is the creation of a personalized financial plan, acting as a detailed roadmap to help clients achieve their specific objectives. This process begins with the advisor gaining a thorough understanding of the client’s unique goals, risk tolerance, and overall financial situation. Based on this understanding, wealth management advisors develop tailored strategies that utilize a diverse array of financial products and services to help clients reach their aspirations. These plans are not static; they are designed to be dynamic tools that evolve alongside the client’s life circumstances and changing needs. They support not only financial goals but also reflect the client’s lifestyle, core values, and personal priorities. Strategic investment management : Strategic investment management is another critical service offered by wealth management advisors. These professionals work with clients to assess their tolerance for risk and then provide an investment strategy designed to help them achieve their financial goals. This involves not just selecting investments but also actively managing and planning investment portfolios with the aim of maximizing returns while adhering to the client’s risk parameters. A key element of this service is diversification, spreading investments across various asset classes to mitigate risk and enhance the potential for long-term growth. Wealth management advisors also provide ongoing monitoring and rebalancing of these investments to ensure they remain aligned with the client’s objectives and adapt to changing market conditions. For eligible clients, they may also offer guidance on a range of investment vehicles, including alternative investments, to further diversify and potentially enhance portfolio returns. Retirement Planning : Retirement planning is a significant focus for wealth management advisors, as they help clients create a comprehensive blueprint for a financially secure and worry-free future. This involves a thorough analysis of the client’s projected needs after retirement, along with their current income, spending habits, and savings. Advisors identify the types of retirement accounts best suited to the client’s needs and develop strategies to maximize their retirement savings. Recognizing the increasing costs of healthcare in retirement, wealth management advisors also play a vital role in helping clients plan for these significant expenses. Furthermore, they assist in establishing retirement income strategies, outlining how clients can best access their savings to create a sustainable income stream throughout their retirement years, and developing appropriate withdrawal plans. Estate Planning : Estate planning and wealth transfer are also crucial services offered by wealth management advisors. They help clients develop clear plans for the transfer of their wealth, including strategies for charitable giving and managing estate taxes, all in alignment with their values and wishes. Wealth management advisors often coordinate with estate planning attorneys to assist clients in the creation of wills, trusts, and other necessary legal documents to ensure their assets are distributed according to their intentions. They also help clients evaluate the effectiveness of their existing estate plans, assessing asset titling and beneficiary designations to ensure a smooth and efficient transfer of wealth. A significant aspect of this service involves helping clients minimize the impact of estate and inheritance taxes through various advanced planning strategies. Tax optimisation : Tax optimisation is another key area where wealth management advisors provide valuable assistance. They often coordinate with a client’s tax professionals to develop strategies aimed at minimising their overall tax obligations. This involves identifying opportunities for tax efficiency across various aspects of their financial lives, including income, investments, and estates. These strategies may include the strategic placement of assets in tax-advantaged accounts, as well as optimising the timing and methods of retirement distributions to reduce tax liabilities. Protecting wealth : Protecting wealth is just as critical as growing it, and wealth management advisors employ a range of risk management and insurance strategies to safeguard their clients’ assets against unforeseen circumstances. This includes a thorough assessment of potential
Before we discuss this edition we did our analysis , the earlier we did our analysis about 6 months back. You can read the blog mid cap fund analysis 2024 an analysis.  Certain fund which were under discussion have been removed as they could not keep either the returns or fund size was not considerable. HSBC Midcap Fund Reg growth PGIM India Mid Cap Opp Fund Reg growth ITI Mid Cap Fund Reg – I have included this fund as it was very new fund and it was top performer on 1 year basis, but now is bottom performer. This goes to show that top performer lose next year and we have to find fund which can help us build wealth I have included below funds which have been top performer. Invesco India Mid Cap Fund (G) WhiteOak Capital Mid Cap Fund Reg (G) As always refer to a advisor or reach out to me to help you with best portfolio. Fund Name Year Of inception Fund rating ( Crisil rated ) Portfolio Size ( In Cr ) Expense ratio PE ratios Exit Load Benchmark HDFC Mid Cap Opportunities Fund 2007 4 72,610.08 cr 1.42% 20.91 1% for redemption within 1 year NIFTY MidCap 150 Index(Total Returns Index) Motilal Oswal Midcap Fund Reg 2014 5 26,028.34 cr 1.57% 41.71 1% for redemption within 1 year Nifty Midcap 150 TRI Nippon India Growth Fund 1995 4 33,174.74 cr 1.58% 24.41 1% for redemption within 30 days Nifty Midcap 150 TRI Edelweiss Mid Cap Fund 2007 5 8633.85 1.7% 12.16 1% for redemption within 90 days Nifty Midcap 150 TRI Quant MidCap Fund 2008 1 8,355.95 1.78% 22.27 0.5% for redemption within 90 days Nifty Mid Cap 150 TRI Kotak Emerging Equity (G) 2007 3 48,128.71 1.46 26.17 For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days Nifty Midcap 150 TRI Axis Mid cap fund(G) 2011 3 28,063.01 1.58 18.93 For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days BSE 150 Midcap TRI SBI Magnum MidCap Fund Reg (G) 2005 3 20,890.26 1.67 30.97 1% for redemption within 1 year Nifty Midcap 150 Index (TRI) Invesco India Mid Cap Fund (G) 2007 5 5779.32 1.82 32.13 For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days BSE 150 Midcap TRI WhiteOak Capital Mid Cap Fund Reg (G) 2022 – 2744.56 1.96 21.86 1% for units redeemed before 1 month BSE Midcap 150 TRI ITI Mid Cap Fund Reg (G) 2021 4 1091.64 2.07 12.60 1% for redemption within 1 year Nifty Midcap 150 TRI HDFC Mid Cap Opportunities Fund : The fund was launched in 2007 enjoys 5 star rating from CRISIL, Portfolio size of 72,610 cr one of the biggest fund sizes. Expense ratio of the fund is 1.42%. The exit load is 1% for redemption before 1 year. Fund PE IS 20.91 MotilalOswal Mid cap fund: The fund was launched in the year 2014, its 5 star rating by CRISIL. The fund size is 26,028.34 Cr. The expense ratio is 1.57% , PE of the fund is 41.71. Exit load is 1 % for redemption within 1 year . Nippon India Growth Fund : The fund was launched in the year 1995, one of very early funds in the industry,4 star rated by CRISIL, good fund size of 33,174 cr. The expense ratio is 1.58% . The PE of the fund is 24.41. The exit load applicable is 1% for redemption within 30 days. Edelweiss Mid Cap Fund : The fund was launched in the year 2007, It is currently 5 star rated by CRISIL, with a decent fund size of 8633 cr. The expense ratio of the fund is 1.7%. PE of the fund is 12.16. Exit load applicable is 1% for redemption within 90 days. Quant MidCap Fund: The fund was launched in the year 2008, its currently 1 star rated by CRISIL, has a decent portfolio size of 8,355.95 cr. Expense ratio of 1.78% and PE of the fund is 22.27. The fund exit load is 0.5% for redemption within 90 days. Kotak Emerging Equity : The fund was launched in the year 2007, 3 star rated by CRISIL, second highest fund size in the category, expense ratio of 1.46%. PE of 26.17. The Exit laid applicable units in excess of 10% of investment 1% would be charged for redemption with in 365 days Axis Mid cap fund Fund: The fund was launched in the year 2011, 3 star CRISIL rated, with a great fund size of 28,063.01 cr. The expense ratio of the fund is 1.58. PE of the fund is 18.93. Exit load on the fund is For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days. SBI Magnum MidCap Fund: The fund was launched in 2005, a 3 star rated fund. Good fund size of 20,890.26 cr. Expense ratio of 1.67. PE of the fund is 30.97. The exit load applicable on the fund is 1% for redemption within 1 year. Invesco India Mid Cap Fund (G): The fund was launched in 2007 , it is rated 5 star from CRISIL.Fund size of 5779.32 Expense ratio is 1.82. PE of 32.13. The exit load applicable on the fund is For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days WhiteOak Capital Mid Cap Fund Reg (G): The fund was launched in the year 2022, It is not rated as per CRISIL, The fund size of 2744.56cr. The expense ratio of the fund is 1.96. PE of the fund is 21.86. The exit load on fund is 1% for units redeemed before 1 month ITI Mid Cap Fund Reg (G) : This fund was launched in the year 2021. It is rated as 4 star by CRISIL, with a very small fund
Mirae Asset Hang Seng TECH E T F FOF Reg (G) Fund Name Year Of inception Portfolio Size ( In Cr ) Expense ratio Minimum Investment Exit Load Mirae Asset Hang Seng TECH E T F FOF Reg (G) 08-12-2021 93 0.53 ₹5,000/- and in multiples of ₹1/- thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹1/- thereafter 0.5% if redeemed within 3 months ,NlL if redeemed after  The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Hang Seng TECH ETF. There is no assurance that the investment objective of the Scheme will be achieved. Asset allocation : Instruments Indicative allocations (% of total assets) Minimum Maximum Units of Mirae Asset Hang Seng TECH ETF 95 100 Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds 0 5 Fund managers : Ekta Gala Akshay Udeshi MIRAE ASSET HANG SENG TECH ETF – (Exchange Traded Fund (ETF) – An open ended scheme replicating/tracking Hang Seng TECH Total Return Index (INR)) Scrip : NSE Symbol: MAHKTECH , BSE Scrip Code: 543414 Launch date : 6th December 2021 Net AUM : 382.84 cr. Tracking Error : 0.13% Fund manager : Mr Siddharth Srivastva Hang Seng TECH Index represents the 30 largest technology companies listed in Hong Kong that have high business exposure to technology themes and pass the index’s screening criteria. Tencent Holdings Ltd. 8.30% JD.com Inc 8.23% Alibaba Group Holding Ltd. 8.21% Xiaomi Corporation 7.98% Meituan 7.93% Semiconductor Manufacturing International Corp 7.34% Kuaishou Technology 6.54% Li Auto Inc 5.49% XPeng Inc 5.12% Netease Inc 4.39% Other Equities 30.46% Equity Holding Total 99.99% Cash & Other Receivables 0.01% Total 100.00% Scheme Sub Category Expense Ratio 6 months 1 year 2 years 3 years 5 years 7 years 10 years Mirae Asset Hang Seng TECH E T F FOF Reg (G) Equity: Global 0.53 14.76 70.26 21.91 16.23 HDFC Nifty 50 Index Fund (G) Equity: Index 0.32 -2.46 8.85 17.85 12.35 22.66 13.26 11.97 Taxation : Effective July 23. 2024 Holding period <2 Year, STCG – Tax slab >2 Year, LTCG- 12.5% The fund is not accepting investment as of now Edelweiss Europe Dynamic Equity Off-shore Fund Reg (G) Fund Name Year Of inception Portfolio Size ( In Cr ) Expense ratio Exit Load  Edelweiss Europe Dynamic Equity Off-shore Fund Reg (G) 07 Feb 2014 110 Cr 1.41 Rs. 100/- per application  The primary investment objective of the Scheme is to seek to provide long term capital growth by investing predominantly in the JPMorgan Funds – Europe Dynamic Fund, an equity fund which invests primarily in an aggressively managed portfolio of European companies.  Asset allocation : Instruments Indicative allocations (% of total assets) Minimum Maximum Shares of the Underlying Fund i.e. JPMorgan Funds – Europe Dynamic Fund 95 100 Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds 0 5 Fund manager : Mr. Bhavesh Jain Mr. Bharat Lahoti JPMorgan Funds – Europe Dynamic Fund I (acc) – EUR, which is holding 67 equity, large cap funds Country Allocation : ( 31 Mar 2025) Germany 25.42 United Kingdom 21.97 France 12.59 Switzerland 9.18 Netherlands 7.86 Italy 6.28 Spain 4.36 Denmark 2.87 Russia 2.47 Finland 1.78 Ireland 1.61 Sweden 1.43 US 1.42 Norway 0.75 Total 99.99  Top Holding sectors :  Financial services 26.13 Industrial 12.29 Healthcare 10.64 Consumer Defensive 10.24 Consumer cyclical 9.28  Top Holding companies :  Stock Name Sector %antage holding Shell PLC Energy 3.95 SAP SE Technology 3.94 Novartis AG Registered Shares Healthcare 3.26 Munchener Ruckversicherungs- Gesellshaft AG Financial Services 2.93 Allianz SE Financial Services 2.91  Taxation :  Effective July 23. 2024 Holding period <2 Year, STCG – Tax slab >2 Year, LTCG- 12.5% Scheme Sub Category Expense Ratio 6 months 1 year 2 years 3 years 5 years 7 years 10 years Edelweiss Europe Dynamic Equity Off-shore Fund Reg (G) Equity: Global 1.41 7.91 16 13.63 13.56 17.01 9.18 7.7 HDFC Nifty 50 Index Fund (G) Equity: Index 0.32 -2.46 8.85 17.85 12.35 22.66 13.26 11.97  This Fund is accepting the investments  ICICI Pru Global Advantage Fund (G) Fund Name Year Of inception Portfolio Size ( In Cr ) Expense ratio Minimum Investment ICICI Pru Global Advantage Fund (G) 07-Oct-19 338 1.33% Rs 100 (plus in multiples of Re.1) ICICI Prudential Global Advantage Fund (FOF) (the Scheme) is a Fund of Funds scheme with the primary objective to generate returns by investing in units of one or more mutual fund schemes / ETFs (managed by ICICI Prudential Mutual Fund or any other Mutual Fund(s)) which predominantly invest in international markets. A certain corpus of the Scheme will also be invested in units of domestic mutual fund schemes/ETFs managed by ICICI Prudential Mutual Fund or any other Mutual Fund(s). Asset Allocation :  Instruments Indicative allocations (% of total assets) Minimum Maximum Units of mutual fund schemes as stated below 95% 100% a) Units of mutual fund schemes/ETFs which have the mandate to invest predominantly (at least sixty five percent of the net assets of the schemes) in equity and equity related securities in international markets 80% 100% b) Units of equity oriented schemes#/equity oriented ETFs which invests in equity and equity related securities in domestic markets 0% 20% c) Units of debt oriented/hybrid Mutual fund Schemes/ETFs 0% 20% Money Market Instruments (with maturity not exceeding 91 days) including TREPS*, cash & cash equivalents 0% 5% The indicative list is highlighted below: Aditya Birla Sun Life Commodity Equities Fund – Global Agri Plan Aditya Birla Sun Life International Equity Fund – Plan A Franklin Asian Equity Fund ICICI Prudential US Bluechip Equity Fund Nippon India Japan Equity Fund Nippon US Equity Opportunities Fund Motilal Oswal Nasdaq 100 ETF Nippon ETF Hang Seng BeES Fund managers : Mr. Sankaran Naren Mr. Dharmesh Kakkad Sharmila D’mello Ms. Masoomi Jhurmarvala Current Portfolio
Fund Name Year Of inception Fund rating ( Crisil rated ) Portfolio Size ( In Cr ) Expense ratio Exit Load HDFC Balanced Advantage Fund (G) 1994 4 90,375 1.37 For units in excess of 15% of the investment, 1% will be charged for redemption within 365 days ICICI Pru Balanced Advantage Fund Reg (G) 2006 2 58,717 1.48 For units in excess of 30% of the investment, 1% will be charged for redemption within 1 year Aditya Birla SL Balanced Advantage Fund (G) 2000 2 6,988 1.82 0.25% – 0-7 days 0.00% – >7 days Edelweiss Balanced Advantage Fund (G) 2009 2 11,697 1.69 Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 90 day Nippon India Balanced Advantage Fund (G) 2004 – 8,431 1.76 For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days SBI Balanced Advantage Fund Reg (G) 2021 – 32,530 1.59 For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days Kotak Balanced Advantage Fund Reg (G) 2018 – 15,813 1.67 For units in excess of 8% of the investment, 1% will be charged for redemption within 365 days Axis Balanced Advantage Fund Reg (G) 2017 – 2,625 1.99 For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days Baroda BNP Paribas Balanced Advantage Fund 2018 – 3,833 1.89 For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days HDFC Balanced Advantage Fund (G) : The fund was launched in the year 1994, it is CRISIL rated as 4 star, It has one of the largest portfolio fund size of 90,375 Cr. Expense ratio of 1.37. The fund offers an exit load for units excess of 15% of investment 1% < 1 Year of investment.  ICICI Pru Balanced Advantage Fund Reg (G): This fund was launched in the year 2006, It is CRISIL rated as 2 star. It has another big size of 58,717 cr. Expense ratio of 1.48. Exit load applicable is for excess of units redeemed above 30% , 1% for less than 1 year. Aditya Birla SL Balanced Advantage Fund (G) : This again one the oldest funds in the industry launched in 2000, The fund has AUM of 6,988 cr. The fund has an expense ratio of 1.82. It offers an exit load of 0.25% for less than 7 days. Edelweiss Balanced Advantage Fund (G) : The fund was launched in the year 2009, It has AUm of 11,697. The fund has an expense ratio of 1.69. Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 90 day Nippon India Balanced Advantage Fund (G) : The fund was launched in the year 2004, unrated as per CRISIL, It has the fund size of 8,431. The fund has an expense ratio of 1.76. The exit load on the fund units in excess of 10% of investment 1% before 365 days. SBI Balanced Advantage Fund Reg (G) : The fund was launched in the year 2021, the size of the fund is 32,530 cr. The fund has an expense ratio of 1.59 . The expense ratio of the fund is excess of 10% of the investment 1% will be charged before 365 days. Kotak Balanced Advantage Fund Reg (G) : This fund was launched in the year 2018, Unrated as per CRISIL. The fund has a size of about 15,813 cr. The expense ratio of the fund is 1.67. Exit laid applicable is Units in excess of 8% at 1% before 365 days of investment. Axis Balanced Advantage Fund Reg (G): This fund was launched in the year 2017, It is still unrated by CRISIL. The fund has a small fund size of 2,625 cr. The expense ratio of the fund is 1.99. Exit load units in excess of 10% of investment charged at 1% before 365 days of investment. Baroda BNP Paribas Balanced Advantage Fund(G) : The fund was Launched in the year 2018, Currently unrated. The fund has a size of 3,833 cr. The expense ratio of the fund is 1.89. Exit load is units excess of 10% of investment 1% charged before 365 days. Trailing Returns : Scheme 6 months 1 year 3 years 5 years 7 years 10 years HDFC Balanced Advantage Fund (G) -4.27 10.21 20.14 28.95 15.65 13.55 ICICI Pru Balanced Advantage Fund Reg (G) -2.96 8.83 12.23 19.36 11.3 10.62 Aditya Birla SL Balanced Advantage Fund (G) -3.7 11.63 11.79 18.99 10.7 10.6 Edelweiss Balanced Advantage Fund (G) -6.03 8.19 11.2 18.02 12.22 10.08 Nippon India Balanced Advantage Fund (G) -4.51 9.16 12.01 17.34 10.99 9.57 SBI Balanced Advantage Fund Reg (G) -1.86 8.57 12.93 – – – Kotak Balanced Advantage Fund Reg (G) -4.21 9.8 11 18 – – Axis Balanced Advantage Fund Reg (G) -3.4 13.12 12.98 15.56 10.24 – Baroda BNP Paribas Balanced Advantage Fund -5.2 8.88 12.29 19.76 – – 1 year trailing 1st quartile : 10.5- 14% – Aditya Birla SL Balanced Advantage Fund (G), Axis Balanced Advantage Fund Reg (G) 2rd quartile : 7.0-10.5%- HDFC Balanced Advantage Fund (G), ICICI Pru Balanced Advantage Fund Reg (G), Edelweiss Balanced Advantage Fund (G), Nippon India Balanced Advantage Fund (G), SBI Balanced Advantage Fund Reg (G), Kotak Balanced Advantage Fund Reg (G), Baroda BNP Paribas Balanced Advantage Fund 3rth quartile : 3.5- 7.0% – No fund 4th quartile : >0-3.5% – No Fund 3 years trailing return 1st quartile : 17.25 – 21 : HDFC Balanced Advantage Fund (G) 2rd quartile : 13.5- 17.25 : No Fund 3rth quartile : 9.75- 13.5 : ICICI Pru Balanced Advantage Fund Reg (G), Aditya Birla SL Balanced Advantage Fund (G), Edelweiss Balanced Advantage Fund (G), Nippon India Balanced Advantage Fund (G), SBI Balanced Advantage Fund Reg (G), Kotak Balanced Advantage Fund Reg (G), Axis Balanced Advantage Fund
Fund Name Year Of inception Fund rating ( Crisil rated ) Portfolio Size ( In Cr ) Expense ratio Exit Load Parag Parikh Flexi Cap Fund Reg (G) 2013 4 Star 89703.46 cr 1.33 2.00% – 0-365 days 1.00% – 365-730 days 0.00% – >730 days HDFC Flexi Cap Fund Reg (G) 1995 4 star 66,344 1.42% <1 year 1% ; >1 year 0% Kotak Flexi Cap Fund Reg (G) 2009 2 star 50,426 1.47% 1.00% – 0-1 years 0.00% – >1 years Nippon India Multi Cap Fund (G) 2005 3 star 37,593.67 1.57% 1.00% – 0-12 months 0.00% – >12 months SBI Focused Equity Fund Reg (G) 2004 3 star 34,648 cr 1.57% 1.00% – 0-1 years 0.00% – >1 years Invesco India Multicap Fund (G) 2008 4 star 3,727.8 cr 1.89% 1.00% – 0-1 years 0.00% – >1 years Franklin India Focused Equity Fund (G) 2007 3 star 11,553.45 cr 1.78% 1.00% – 0-1 years 0.00% – >1 years Quant Flexi Cap Fund (G) 2008 – 6,829.09 cr 1.80% 1.00% – 0-15 days 0.00% – >15 days JM Flexi Cap Fund (G) 2008 5 star 5,254.65 1.81% <30 days 1% ; >30 days 0% 360 One Focused Equity Fund (G) 2014 2 star 6,885.21 cr 1.76% 1.00% – 0-12 months 0.00% – >12 months Mahindra Manulife Multi Cap Fund Reg (G) 2017 2 star 4,750.15 cr 1.82% 1.00% – 0-3 months 0.00% – >3 months Kotak Multicap Fund (G) 2021 – 15,726 cr 1.65% 1.00% – 0-1 years 0.00% – >1 years Invesco India Focused Fund Reg (G) 2020 5 star 3,360.52 cr 1.88 1.00% – 0-1 years 0.00% – >1 years Motilal Oswal Flexi Cap Fund Reg (G) 2014 5 Star 13,162 1.72% 1.00% – 0-1 years 0.00% – >1 years Parag Parikh Flexi Cap Fund Reg (G) The fund was launched in 2013 . enjoys a rating of 4 star with highest fund size in the category of 89,703.46 cr. The expense ratio of the fund is 1.33, lowest in the category. But the fund has the highest exit load. HDFC Flexi Cap Fund Reg (G) This is one of the oldest funds in the industry , currently rated at 4 star, with fund size of 66,344 cr. The fund has an expense ratio of 1.42%. Exit load of 1% before 1 year. Kotak Flexi Cap Fund Reg (G) The fund was launched in the year 2009, with a fund size of 50,426 Cr, a very large fund seized in the category , rated at 2 stars. The fund has an expense ratio of 1.47%. The exit load of the fund is 1% for less than 1 years Nippon India Multi Cap Fund (G) The fund was launched in the year 2005, rated at 3 star with fund size 37,593.67 cr. The expense ratio on the fund is 1.57%. With the exit load of 1% for less than 12 months. SBI Focused Equity Fund Reg (G) The fund was launched in 2004, the fund is rated 3 star , fund size 34,648 cr. The expense ratio of the fund is 1.57% . The exit load of the fund is 1% for 12 months. Invesco India Multicap Fund (G) This fund was launched in 2008, it is CRISIL rated 4 star fund, Small fund size even after launch of in 2008 of 3,727.8 cr. The expense ratio of the fund is 1.89%. The exit load of the fund is 1% for less than 1 year. Franklin India Focused Equity Fund (G) The fund was launched in the year 2007, It is currently rated as 3 star. With a fund size of 11,553.45 cr. The expense ratio of the fund is 1.78%. Exit load of the fund is 1% for less than 1 year. Quant Flexi Cap Fund (G) The fund was launched in 2008, it doesn’t have a CRISIL rating as of now. The fund size is not too large 6,829 cr . The fund expense ratio of 1.8%. The exit load of the fund is 1% for less than 15 days. JM Flexi Cap Fund (G) The fund was launched in 2008 , rated 5 star by CRISIL. The fund size as of now is 5,254.65 cr. The Expense ratio of the fund is 1.81%. The exit load on the fund is 1% for less than 30 days. 360 One Focused Equity Fund (G) This fund was launched in 2014, it is currently rated as 2 star. Fund size of 6,885.21 cr. The expense ratio of the fund is 1.76%. The exit load of the fund is 1% less than 1 year. Mahindra Manulife Multi Cap Fund Reg (G) The fund was launched in the year 2017, rated by CRISIL as 2 star. The fund size is small at 4,750.15 cr. The expense ratio of the fund was 1.82%. The exit load on the fund is 1% for 3 months. Kotak Multicap Fund (G) This fund was launched in 2021 with a fundsize of 15,726 cr. The fund is not rated as on date. The expense ratio of the fund is 1.65%. The exit laid on the fund is 1% for less than 1 year. Invesco India Focused Fund Reg (G) This fund is a very recent entry launched in 2020, The fund is rated 5 star by CRISIL. The fund size is small 3,360.52 cr. The expense ratio of the fund is 1.88. The exit load of the fund is 1 % for less than 1 year. Motilal Oswal Flexi Cap Fund Reg (G) This fund was launched in the year 2014, The fund is rated as 5 star by CRISIL. The Expense ratio of the fund is 1.72%. The fund size is 13,162 cr. The exit load of the fund is 1% for less than 1 year. Trailing Returns : Scheme 6 Month 1 Year 3 Year 5 Year 7 Year 10 Year 15 Year Parag Parikh Flexi Cap Fund Reg (G) -0.53 13.65 17.74 22.69 18.92 17.08 – HDFC Flexi Cap Fund
Financial planning in simple terms is a regular approach to meet one’s life financial goals. Financial planning is a process which provides you a systematic and planned way to reach these goals while avoiding any surprises . A financial plan acts as a guide throughout your life’s journey. In today’s fast-paced world, it’s easy to feel overwhelmed by financial pressures. Whether you’re saving for a down payment, planning for retirement, or simply trying to make ends meet, a solid financial plan can provide the clarity and confidence you need to achieve your goals. A Financial planner is the one who is a qualified investment professional who helps individuals meet their long-term financial objectives or goals. These professionals do their work by consulting with clients to analyse their goals, risk tolerance , and life stages , and identify suitable classes of investments for them. Why is Financial Planning Important? Increase saving : Though saving can be done without a financial plan , when you plan you get a good deal of insights on how you are saving and what expenses can you cut down. Achieve your goals: A financial plan provides a clear path to achieving your financial aspirations. Reduce stress: Knowing where your money is going can alleviate financial anxiety. Build wealth: Effective financial planning can help you grow your wealth over time. Prepare for the unexpected: A solid plan can help you weather financial storms. A solid financial planning is a very important instrument for personal finance, so lets look at what are the key steps. Key Steps to Financial Planning: Realistic Goals: Start by identifying your short-term, medium-term, and long-term financial goals and assigning them priorities. Make sure your goals are specific, measurable, achievable, relevant, and time-bound (SMART). Eg. How much would you need for child education and when would that be required. Create a Budget: Track your income and expenses. Identify areas where you can cut back. Make an elaborate sheet of all your income sources and expenses. You can use spreadsheet to look at them ( we have one created which we been using since last 10 years ) Manage Debt: Prioritize paying off high-interest debt. Consider debt consolidation options. Invest Wisely: Diversify your investments to reduce risk. Consider your risk tolerance and time horizon. Seek professional advice if needed. Protect Your Assets: Ensure you have adequate health, life, and property insurance. Create an emergency fund to cover unexpected expenses. Make Asset allocation The all the above culminates into your assets allocation What all assets and how much amount you can hold Review and Adjust: Regularly review your financial plan and make adjustments as needed As you grow your income, expenditure and lifestyle changes, you need to keep changing the plan along the way It’s not just limited to individuals, a lot of external factors also change. Seeking Professional Advice: While you can create a financial plan on your own, consider seeking advice from a qualified financial advisor. They can provide personalized guidance and help you make informed decisions. We will discuss about some duties and responsibilities of a financial planner Provide financial planning and investment advisory services Research and present investment strategies Develop and execute goals planning Implement risk management and tax planning strategies Help with estate planning Help to develop financial plan and execute the same with client Keep reviewing and make changes as and when required . In Conclusion: Think of financial planning as mapping out a journey to your desired financial future. This article delved into why creating such a plan is crucial, and provided practical steps. However, a plan remains just an idea until it’s put into action. The sooner you begin implementing your financial strategy, the simpler the process becomes, and your odds of reaching your objectives significantly improve. So, what’s holding you back? We trust you found this information valuable. If so, please consider sharing it with your network, so more people can be benefited . Should any aspect of our explanation require further clarification, please don’t hesitate to ask in the comments below or reach us . We’ll be happy to provide answers.