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
Imagine your wealth as a magnificent sandcastle, painstakingly built grain by grain, representing your hard work and financial achievements. You’ve focused on building impressive towers of investments and carefully planning your retirement landscape. But what happens when the unexpected storm of life rolls in – a sudden illness, an unforeseen accident, or a devastating natural disaster? This is where the unsung hero of wealth management steps in: insurance. While financial planning, retirement strategies, investment management, tax optimization, and estate planning are all vital components of a holistic wealth management approach aimed at protecting, preserving, and growing your assets, it’s insurance that acts as the invisible yet indispensable shield, safeguarding your hard-earned creation from potential ruin. The role of insurance in wealth management isn’t just about mitigating losses; it’s about providing a foundation of security that allows your wealth to grow sustainably and be passed on effectively. Here’s why it deserves a prominent place in your Wealth plan: Protecting Your Assets from Catastrophic Loss: Life is unpredictable. Accidents happen, illnesses strike, and natural disasters occur. Without adequate insurance coverage, a single unforeseen event can decimate your carefully accumulated wealth. Homeowner’s/Property Insurance: Safeguards your most significant asset against damage or loss due to fire, theft, natural disasters, and liability claims. Auto Insurance: Protects you financially in case of accidents, damage to your vehicle, and liability for injuries or property damage caused to others. Health Insurance: Ensures access to necessary medical care without the burden of exorbitant costs that can quickly erode savings. Safeguarding Your Income and Future: Your ability to earn income is your most valuable asset. What happens if you’re suddenly unable to work due to illness or injury? Life Insurance: Provides financial security for your loved ones in the event of your untimely passing, helping them maintain their lifestyle, cover debts, and fund future needs like education. Different types of life insurance cater to various needs and stages of life. Disability Insurance: Replaces a portion of your income if you become disabled and unable to work, ensuring financial stability during a challenging time. Mitigating Liability and Legal Risks: In today’s litigious society, the risk of being sued is a real concern. Insurance can provide crucial protection against legal liabilities. Liability Coverage (within Home and Auto Policies): Helps cover legal costs and settlements if you’re found responsible for injuries or property damage to others. Umbrella Insurance: Provides an extra layer of liability protection above and beyond your existing home and auto policies, offering significant peace of mind. Indemnity insurance : Professional indemnity insurance is crafted to shield professionals and businesses against financial losses arising. It also covers legal costs and settlements if a client alleges that the professional’s work caused harm to their finances or reputation. Eg used by Doctors, lawyers etc. Facilitating Estate Planning and Wealth Transfer: Insurance plays a vital role in ensuring a smooth and efficient transfer of wealth to your beneficiaries. Life Insurance (for Estate Taxes): Can provide the necessary liquidity to cover estate taxes, preventing the forced sale of assets to meet these obligations. Irrevocable Life Insurance Trusts (ILITs): A sophisticated estate planning tool that can help minimize estate taxes and ensure your life insurance proceeds are passed on according to your wishes. Providing Peace of Mind and Enabling Strategic Risk-Taking: Knowing that you have a safety net in place allows you to approach wealth-building with greater confidence. You might be more willing to take calculated risks in your investments knowing that your fundamental financial security is protected. Integrating Insurance into Your Wealth Management Plan: Insurance shouldn’t be an afterthought; it should be an integral part of your overall wealth management strategy. This involves: Comprehensive Needs Assessment: Understanding your individual risks, assets, liabilities, and future goals. Choosing the Right Coverage: Selecting policies and coverage amounts that adequately address your specific needs. Regular Review: Periodically reviewing your insurance policies to ensure they still align with your evolving circumstances. Working with Professionals: Collaborating with both a financial advisor and an insurance professional to develop a holistic plan. In Conclusion: While the allure of high returns and investment strategies is undeniable, neglecting the foundational role of insurance in wealth management is a significant oversight. Insurance is not just an expense; it’s an investment in the security and longevity of your wealth. By proactively addressing potential risks through adequate coverage, you can protect your hard-earned assets, safeguard your future, and ultimately achieve your long-term financial goals with greater peace of mind. So, the next time you’re reviewing your wealth management plan, make sure insurance has a prominent seat at the table – it’s the unsung hero working tirelessly behind the scenes to protect everything you’ve built. Take a moment today to review your insurance policies and ensure they are providing the robust protection your wealth deserves. Consider speaking with us to integrate insurance effectively into your wealth management plan.
While we talk a lot about health insurance in personal finance and how it can protect the wealth creation of the family . It’s important to have accurate information about health insurance to make informed decisions and important to burst the most common myths associated with health insurance. Myth: With sufficient savings, health insurance is redundant. Fact: Some argue that personal savings make health insurance unnecessary. However, even large savings might prove insufficient to cover substantial medical costs, such as major surgeries or long-term hospital care. These costs may run into lakhs and with time spent in hospitalization of your near ones, you might face financial crunch. Myth: Health insurance is only for older people or I am young i do not need health cover Fact: Medical emergencies can happen to anyone at any age. Purchasing health insurance early can provide financial protection against unexpected medical bills. Younger individuals may also benefit from lower premiums and shorter waiting periods. Myth : You get coverage as soon as you buy the plan: Fact: Medical insurance plans often have waiting periods before certain illnesses are covered. Therefore, carefully read the policy wording when buying a plan to understand the claim eligibility timeline. A typical initial cooling period is 30 days, and longer waiting periods may apply to pre-existing and specified diseases. ( We will let you know what waiting periods are applicable to book your free consultation.) Myth: Employer-provided health insurance is enough. Fact: Employer-sponsored group health insurance often has limited coverage, less flexibility, and may not include add-ons. It also ceases when you leave the company. An individual health insurance plan can offer broader coverage tailored to your specific needs. Myth: The cheapest plan is the best option Fact: Beware of the biggest medical insurance myth: that price equals coverage. You can’t simply choose a plan based on how cheap it is; you must understand its features. Cheap plan may not cover even the basic features required. Health needs are personal, so your insurance should match your specific requirements. Aim for an affordable plan, but don’t equate the lowest price with the best value. Myth: Insurance companies cover all expenses in the event of hospitalisation: Fact: Don’t assume your health insurance will fully cover all hospital costs. Policies often have exclusions, co-payments, and waiting periods for pre-existing conditions. Moreover, insurers may only pay partially due to sub-limits. This can include caps on room rent (e.g., a percentage of the sum insured) and also apply to other expenses, such as non-admissible medicine purchases. Policyholders might also need to pay for incidental expenses. To avoid surprises, carefully review all policy details, including exclusions and all types of sub-limits. ( Do not worry we have done it for you , book you free consultation). Myth: Health insurance only covers hospitalization costs or Hospitalization is a must Fact: Unlike traditional plans, modern health insurance policies provide broad coverage encompassing more than just hospitalization. This includes pre- and post-hospitalization expenses, daycare treatments, diagnostic tests, and even alternative medicine options like Ayurveda and homeopathy. Notably, many policies now cover procedures like chemotherapy, radiotherapy, lithotripsy, dialysis, and eye surgery – often referred to as daycare procedures because they don’t necessitate a 24-hour hospital stay for claiming benefits. Myth : People who smoke and drink are not eligible for health insurance: Fact: The widespread belief that smokers and alcohol consumers are ineligible for health insurance is false. Insurance companies do provide coverage to these individuals. However, due to the increased health risks associated with these habits, they usually face higher premium costs and must undergo thorough medical check-ups before a policy is issued. Myth : Failing to renew health insurance on time will mean the loss of all benefits Fact : Health insurance policies usually offer a 15-30 day grace period for renewal without penalty, ensuring continuous benefits like pre-existing condition coverage and no new waiting periods. However, any medical treatment during the gap between expiration and renewal will not be covered. Myth: All health insurance policies are the same. Fact: Each health insurance policy differs in its inclusions, exclusions, coverage scope, and premium. It’s crucial to compare plans and choose one that aligns with your individual healthcare needs and budget. Myth: Pre-existing conditions are never covered. Fact: While there may be a waiting period (usually 1 to 4 years), most health insurance policies cover pre-existing conditions after this period. It’s essential to disclose any pre-existing conditions to your insurer during policy purchase to avoid claim rejections later. Myth : Network hospitals can only be found in big cities: Fact: Health insurance hospital networks are not just in major cities. Most providers have extensive networks reaching smaller cities and towns nationwide, offering cashless treatment options. Reimbursement is also typically available for covered services at non-network hospitals. Myth : Hiding pre-existing illnesses can help get insurance: Fact : Hiding pre-existing illnesses from insurance providers is not advisable. Insurance companies require their disclosure during policy purchase. If an undisclosed condition is found later during a claim, coverage may be denied. Myth: Filing a health insurance claim is a hassle. Fact: With increasing digitization, many insurers offer online claim submission processes. Additionally, cashless treatment at network hospitals eliminates the need for upfront payments and claim filing for those expenses. Myth: Maternity coverage is automatically included. Fact: Standard health insurance policies usually do not include maternity expenses. However, some plans offer maternity coverage as an add-on or as part of a family floater plan, often with a waiting period. Myth :Once You Have Insurance, You’re All Set Fact : It’s wrong to think of health insurance as a one-time purchase. Because health needs change over time, policyholders should periodically review their coverage to ensure it remains suitable. This might involve increasing the insured sum, adding riders, or changing policies to better fit their health goals, ensuring ongoing and sufficient protection. Myth : Policy documents can be discarded after the expiry of the policy Fact: Keep your expired health insurance documents safe. Third-Party
In today’s worlds where medical expenses are soaring, having a robust health insurance policy isn’t just a luxury; it’s a necessity. It’s a safety net that protects you and your family from unforeseen financial burdens during medical emergencies. Beyond the immediate relief of covering hospital bills, health insurance offers a multitude of benefits that contribute to overall well-being and peace of mind. Let’s delve into some of the top advantages of investing in a comprehensive health insurance plan. Financial Security During Medical Emergencies: This is arguably the most significant benefit. Unexpected illnesses or accidents can lead to hefty medical bills, including hospitalization, surgeries, and medication. Without insurance, these expenses can drain your savings and even push you into debt. Health insurance acts as a shield, covering these costs and allowing you to focus on recovery rather than financial worries. As shared by Mr Nithin Kamath “one hospitalization away from bankruptcy.( https://www.timesnownews.com/business-economy/companies/most-indians-risk-bankruptcy-without-adequate-health-insurance-says-billionaire-nithin-kamath-article-112964562) Coverage for Hospitalization Expenses: Health insurance typically covers a wide range of hospitalization expenses, including room rent, doctor’s fees, nursing charges, and operation theater costs. This ensures that you receive the necessary medical care without worrying about the financial implications. Protection Against Rising Healthcare Costs: Healthcare costs are consistently on the rise. A health insurance policy helps you stay ahead of this inflation, ensuring that you can access quality medical treatment without compromising your financial stability. With medical cost increasing, In india it is pegged somewhere between 10-15% ( https://medicalbuyer.co.in/medical-costs-in-india-likely-to-surge-by-13-2-in-2025/#:~:text=Medical%20costs%20in%20India%20are,detection%20and%20personalised%20treatment%20planning and https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/25-for-2025-what-will-it-take-to-ease-the-pain-of-medical-inflation-and-rising-premium-payments/articleshow/116816210.cms?from=mdr ) Coverage for Pre and Post-Hospitalization Expenses: Many plans cover pre-hospitalization expenses, such as diagnostic tests and consultations, as well as post-hospitalization expenses, including follow-up consultations and medication. This comprehensive coverage ensures a smooth recovery process. Access to Quality Healthcare: With a good health insurance policy, you can access a network of reputable hospitals and healthcare providers. This ensures that you receive quality medical treatment from experienced professionals. A good healthcare policy has listed a network of hospitals where you can get best treatments done without the worry of expenditure. Cashless Treatment: Many insurance providers offer cashless treatment at network hospitals. This means you don’t have to pay out of pocket; the insurance company directly settles the bill with the hospital, simplifying the process and reducing stress during a medical crisis. Coverage for Critical Illnesses: Some health insurance policies offer specific coverage for critical illnesses like cancer, heart disease, and kidney failure. These plans provide a lump sum amount upon diagnosis, which can be used for treatment and other related expenses. Organ transplant expenses : Health insurance can significantly reduce the overwhelming financial burden of an organ transplant.It helps cover the high costs of surgery, hospital stays, and lifelong medication. Having insurance provides access to specialized transplant centers and care.It offers peace of mind during a critical and stressful medical situation. Preventive Health Check-ups: Many insurers offer free annual or bi-annual health check-ups. These check-ups can help detect potential health issues early, allowing for timely intervention and preventing serious complications. Tax Benefits: In India, premiums paid towards health insurance are eligible for tax deductions under Section 80D of the Income Tax Act. This can help you reduce your taxable income and save money. Peace of Mind: Perhaps the most invaluable benefit is the peace of mind that comes with knowing you and your family are protected. Knowing that you have a safety net in place allows you to live a more relaxed and stress-free life. Choosing the Right Policy: Selecting the right health insurance policy is crucial. Consider factors such as coverage, premium, network hospitals, claim settlement ratio, and additional benefits. It’s essential to compare different plans and choose one that best suits your needs and budget. We have enlisted the best features for you to consider before buying a health insurance plan in our blog (https://wealthinn.in/your-ultimate-guide-to-choosing-the-best-health-insurance-plans-in-india/) In Conclusion: Investing in a health insurance policy is a wise decision that safeguards your financial well-being and ensures access to quality healthcare. It’s a proactive step towards protecting your health and securing your future. Don’t wait for a medical emergency to realize the importance of health insurance. Take the step today and invest in your peace of mind. Reach us to help you select the best possible plan for you . Click the link https://wealthinn.in/health-insurance/ for a free consultation.
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.
As your trusted financial advisor, I’ve observed market cycles, each presenting unique challenges and opportunities. The current correction, initiated in September 2024, is no exception. It’s a moment that tests our resolve and underscores the importance of a well-defined, long-term investment strategy. I understand the anxieties and questions many of you are grappling with: “Should I pause my SIP?” “Is it time to liquidate my holdings?” These are valid concerns, and I’m here to provide clarity and guidance, grounded in both experience and data. The Emotional Rollercoaster of Investing: A Human Element Let’s acknowledge the human element in investing. It’s not just about numbers; it’s about emotions. The surge from March 2023 to September 2024 generated a wave of optimism, with many investors eagerly participating in the market’s upward trajectory. However, the subsequent downturn has triggered a stark shift in sentiment, often leading to impulsive decisions driven by fear. This emotional pendulum swing is a natural human response. We are wired to seek immediate gratification and avoid pain. During bull markets, the constant positive feedback loop reinforces our belief in the market’s invincibility. Conversely, during corrections, the sight of red on our portfolio statements can be deeply unsettling. The Fundamental Principle: Rupee-Cost Averaging and Its Practical Application It’s crucial to revisit the core principle that underpins our SIP strategy: rupee-cost averaging. This approach is designed to mitigate the impact of market volatility by investing a fixed sum at regular intervals. When markets are high, your investment buys fewer units; when they are low, it buys more. This inherently averages out your purchase price over time, reducing the risk of timing the market. However, the psychological challenge lies in maintaining discipline during downturns. The allure of locking in gains during bull markets and the fear of further losses during corrections can tempt us to deviate from our long-term strategy. Illustrative Case Studies: Lessons from the Past, Data-Driven Insights To illustrate the power of disciplined investing, let’s examine the experiences of three hypothetical investors during the period from May 2014 to February 2025. We’ll use actual fund performance data to provide concrete insights. Scenario: Fund: ICICI Pru Bluechip Fund Regular Growth Investment: ₹30,000 per month Investment Date: 3rd of each month Investor Profiles: Mr. A: Stopped investing after a market peak in March 2015. Mr. B: Considered stopping after two years, seeing minimal returns in April 2016. Mr. C: Continued investing consistently through February 2025. Amount invest till 03 March 2015 Value of investment 03 March 2015 XIRR 03 March 2015 Amount invest till 04 April 2016 Value of investment 04 April 2016 XIRR 04 April 2016 Amount invest till 28 February 2025 Value of investment 28 February 2025 XIRR 28 February 2025 Mr A ₹330,000.00 ₹380,676.25 40.15 ₹330,000.00 ₹339,237.09 1.85 ₹330,000.00 ₹1,180,770.67 13.05 Mr B ₹330,000.00 ₹380,676.25 40.15 ₹720,000.00 ₹722,348.10 0.34 ₹720,000.00 ₹2,514,251.72 13.50 Mr C ₹330,000.00 ₹380,676.25 40.15 ₹720,000.00 ₹722,348.10 0.34 ₹3,900,000.00 ₹9,250,544.68 15.18 Analysis Let’s look at each investor’s journey. Mr. A: By March 3, 2015, Mr. A had invested ₹330,000. His investment value was ₹380,676.25, with an XIRR of 40.15%. However, he stopped investing at this point. By February 28, 2025, his final investment value was ₹1,180,770.67, with an XIRR of 13.05%. Mr. B: Like Mr. A, Mr. B’s investment by March 3, 2015, was ₹330,000, with a value of ₹380,676.25 and an XIRR of 40.15%. By April 4, 2016, after two years, his invested amount was ₹720,000, and his investment value was ₹722,348.10, with an XIRR of only 0.34%. He considered stopping then. However, by February 28, 2025, his investment value was ₹2,514,251.72, with an XIRR of 13.50%. Mr. C: Mr. C also started with the same figures as Mr. A and B, but he continued investing. By April 4, 2016, he was in the same position as Mr. B, with an invested amount of ₹720,000, a value of ₹722,348.10, and an XIRR of 0.34%. However, by February 28, 2025, with a total invested amount of ₹3,900,000, his investment value was ₹9,250,544.68, with an XIRR of 15.18%. Detailed Observations: Mr. A achieved a high initial XIRR but missed substantial long-term growth by stopping his SIP. If he had withdrawn his money at the 40.15% XIRR, he would have only made roughly 50,000 rupees. Mr. B faced a challenging period with minimal returns after two years, nearly halting his SIP. However, by staying invested, he achieved a respectable long-term return. Mr. C demonstrated the power of consistent investing, achieving the highest returns and wealth accumulation. He remained invested through market fluctuations. Key Insights and Takeaways from the Data: Long-Term Growth Wins: Mr. C’s results highlight the benefits of staying invested. Avoid Emotional Decisions: Mr. A and Mr. B’s experiences show the dangers of reacting to short-term market changes. The Power of Averaging: Market corrections allow for buying more units at lower prices. Wealth Creation is a Marathon: Longer investment periods yield better results. Navigating the Current Correction: A Practical, Data-Informed Approach In light of the current market correction, I urge you to adopt a proactive and disciplined approach, informed by the data we’ve reviewed. Portfolio Review: Ensure your asset allocation aligns with your risk tolerance and long-term goals. Continue Your SIP: Maintain your regular investments to capitalise on rupee-cost averaging. Resist Market Timing: As the data shows, consistent investing outperforms attempts to time the market. Stay Informed, Not Overwhelmed: Filter out market noise and focus on your long-term strategy. Consult Your Advisor: Let’s discuss your concerns and ensure your portfolio remains aligned with your evolving needs. The Indispensable Role of a Trusted Advisor As your advisor, my primary responsibility is to guide you through market cycles, providing data-driven insights and emotional support. I understand the challenges of investing, and I’m here to help you make informed decisions that align with your financial goals. Let’s schedule a time to discuss your specific concerns and refine your plan. By working together, we can navigate this market correction and ensure your portfolio remains aligned with your long-term goals. Please
A medical emergency requiring hospitalisation brings significant anxiety. During such times, the security of a health insurance plan is paramount. We invest in these plans expecting our medical bills to be covered, allowing us to focus on recovery. However, the distress of a rejected claim, forcing out-of-pocket payments, can be devastating. According to the Insurance Regulatory and Development Authority of India’s (Irdai’s) annual report for 2023-24, health and general insurers paid 82% of claims by volume and 71.3% by value (Rs 1.17 crore). However, of the remaining 28.7% by value, nearly 13% were rejected, and over 9% were repudiated. Understanding the difference between rejection and repudiation is essential. “Rejection” typically occurs before a detailed review, often due to incomplete information and is reversible. “Repudiation” results from a thorough review, where the insurer determines the claim is not covered under the policy’s terms. Incorrect or Incomplete Information: Errors in claim forms, such as incorrect policy numbers, misspelled names, or inaccurate medical details, are a primary cause of claim denials. These errors lead to significant rework, prolonged communication, and considerable anxiety for policyholders. To minimise these issues, it is strongly recommended that you personally complete all application and claim forms. Relying on agents or other individuals can increase the risk of inaccuracies, as they may lack complete or up-to-date information. Solution: Thoroughly verify all information before submitting a claim, ensuring it aligns precisely with your policy documents and medical records. Furthermore, utilizing cashless claim facilities at network hospitals can significantly reduce the potential for errors and streamline the claim process. Discrepancies in Diagnosis, Treatment, and Pre-Authorization: Inconsistencies between the diagnosis or treatment listed on the claim form and the corresponding medical records, or treatments falling outside the policy’s coverage, can lead insurers to view claims as potentially fraudulent, resulting in denial. Furthermore, many treatments or procedures necessitate prior approval, or pre-authorization, from the Best insurance company Delhi. Proceeding with such treatments without obtaining the required approval will likely result in claim rejection. Solution: To prevent denials due to discrepancies or lack of pre-authorization, it is crucial to seek pre-authorization from your insurer for any non-routine or costly treatments before commencing them. Treatments undertaken without the insurer’s prior approval may not be eligible for reimbursement. Non-Disclosure of Pre-Existing Conditions: Failure to disclose pre-existing medical conditions during policy purchase can lead to claim rejection. While some individuals may conceal this information to avoid higher premiums or policy denial, this practice is strongly discouraged. It’s important to note that, regrettably, some advisors may suggest concealing information to facilitate a sale. However, this is unethical and ultimately detrimental to the policyholder. Solution: Honesty and transparency regarding your medical history are paramount when applying for insurance. It is crucial to declare all pre-existing conditions and relevant family medical history. This ensures accurate policy issuance and prevents future claim denials. Claims During the Waiting Period: Most health insurance policies include waiting periods for specific conditions or treatments. Claims submitted within these periods will be denied. It is essential to understand these waiting periods when purchasing a policy. Typically, there are three main types: Initial 30-Day Waiting Period: This is a standard period at the beginning of the policy. Waiting Period for Specified Illnesses: This period applies to specific conditions listed in the policy. Waiting Period for Pre-Existing Diseases: This period applies to conditions present before the policy’s inception. These waiting periods are detailed in policy brochures and policy wordings. Solution: Thoroughly understand your policy’s waiting periods and plan treatments accordingly. Reputable advisors should clearly explain these periods. At Wealthinn, we prioritize transparency by providing comprehensive information about waiting periods to our customers from the outset. Policy Lapses Due to Non-Payment of Premiums: Failure to pay premiums on time results in policy lapse, suspending coverage and leading to claim rejections. Once a policy expires due to non-renewal, the insurer is not obligated to cover medical expenses. Every policy has a defined validity period, requiring renewal through premium payment before the due date. While a grace period is typically provided, its duration varies between insurers. Exceeding both the due date and the grace period renders the policy null and void. Solution: Maintain continuous coverage by ensuring timely premium payments. Consider setting up automatic payments to avoid missed deadlines. Here’s a refined version of that section, focusing on clarity, professionalism, and a more effective presentation of your video resource: Treatments Not Covered by the Policy (Exclusions): Health insurance policies contain a comprehensive list of exclusions, detailing treatments and procedures that are not covered. Claims for excluded treatments will be denied. Common exclusions often include: Dental treatments Mental health conditions Outpatient department (OPD) expenses Maternity-related claims For a more detailed explanation of common exclusions, please refer to our video : Click here to check the video Solution: Thoroughly review your policy documents to understand the specific list of exclusions. While our video provides a general overview, it is essential to consult your individual policy documents for precise details. Policy documents are the only source of truth for your specific policy coverage. Check here the video. Delay in Claim Intimation or Filing: Insurance companies establish strict deadlines for claim notification. Each policy has a specific timeframe within which the insurer must be informed of a claim. Failure to notify the insurer within this stipulated period can result in claim denial. Delays in claim intimation significantly jeopardize the chances of a successful claim. Solution: Familiarize yourself thoroughly with your insurer’s claim notification deadlines and adhere to them strictly. These deadlines are typically outlined in your policy documents. Utilizing your insurer’s mobile application can provide convenient access to these deadlines and streamline the notification process. Exhaustion of Sum Insured: When medical expenses surpass the policy’s sum insured, the excess amount is not covered. If the sum insured has been fully utilized in previous claims within the same policy year, no further claims can be filed. Similarly, if a single claim exceeds the sum insured, the insurer will only reimburse up to the limit of
Fund Name Year Of inception Fund rating ( Crisil rated ) Portfolio Size ( In Cr ) Expense ratio Exit Load JM flexi cap fund 2008 5 star 5,012 1.81% <30 days 1% ; >30 days 0% HDFC Flexi cap 1995 4 star 66,344 1.42% <1 year 1% ; >1 year 0% Franklin India flexi cap fund 1994 4 star 17,947 1.70% 1.00% – 0-1 years 0.00% – >1 years Motilal Oswal Flexi Cap fund 2014 5 Star 13,162 1.72% 1.00% – 0-1 years 0.00% – >1 years Parag Parikh flexi cap fund 2013 4 Star 87,539 1.33% 2.00% – 0-365 days 1.00% – 365-730 days 0.00% – >730 days Kotak Flexi Cap 2009 2 star 50,426 1.47% 1.00% – 0-1 years 0.00% – >1 years DSP Flexi Cap 2007 3 Star 11,569 1.72% 1.00% – 0-12 months 0.00% – >12 months ABSL Flexi Cap fund 1998 3 Star 22,174 1.68% 1.00% – 0-90 days 0.00% – >90 days PGIM India flexi cap fund 2015 1 star 6,354 1.78% 0.50% – 0-90 days 0.00% – >90 days Quant Flexi cap fund 2008 – 7,185 1.80% 1.00% – 0-15 days 0.00% – >15 days Invesco India Flexi Cap 2022 – 2,576 1.96% 1.00% – 0-1 years 0.00% – >1 years JM flexi cap fund : The fund was launched in the year 2008, Currently CRISIL rated 5 , The fund has an expense ratio of 1.81% as the current fund size is very low. The exit load of the fund is 1% for less 30 days. HDFC Flexi cap : This is one of the oldest funds in the category launched in 1995, So a long history for the fund. Currently CRISIL is rated 4 Star. The fund enjoy’s one of the highest portfolio size of 66,344 cr , with a low expense ratio of 1.42%. Exit load is 1% for redemption less than 1 year. Franklin India flexi cap fund : This is the oldest fund in the category launched in 1994, Crisil rated 4 star. Due lack of distribution and loss of reputation during the debt crisis the fund size is low 17,947 cr , expense ratio is 1.70%. Exit load is 1% for redemption less than 1 year. Motilal Oswal Flexi Cap fund : The fund was launched in 2014, it is rated by Crisil as 5 star. The fund has a fund size of 13,162 cr with expense ratio of 1.72%. Exit load of the fund is 1% for less than 1 year. Parag Parikh flexi cap fund The fund was launched in 2013, Currently CRISIL rated as 4 star, has the highest AUM in the category of 87,539 cr, the lowest expense ratio of 1.33%. The fund has exit load 2% for redemption before 1 year and 1% for redemption before 365-730 days. Kotak Flexi Cap The fund was launched in the year 2009, currently CRISIL rated as 2 star. It has AUM of 50,426 Cr, 3rd largest AUM in the category. Low expense ratio of 1.47% . 1% for redemption before 1 year. DSP Flexi Cap The fund was launched in the year 2007, Currently CRISIL rated 3 star. The current AUM is 11,569 Cr, with expense ratio of 1.72%. 1% for redemption before 1 year. ABSL Flexi Cap fund Another fund with a long history launched in 1998, Currently rated 3 star. The portfolio size of 22,174 cr, expense ratio is 1.68% . Exit load of the fund is 1% for 90 days. PGIM India flexi cap fund The fund was launched in 2015, currently rated as 1 star. The fund has a small fund size of 6,354 cr. Expense ratio of 1.78%.Exit load 0.5% for the 90 days. Quant Flexi cap fund The fund was launched in 2008 , currently not rated by CRISIL. The fund has AUM Of 7,185 Cr. Expense ratio of 1.80%. Exit load for the fund is 1% before 15 days of investment. Invesco India Flexi Cap The fund is a recent addition to the category, launched in the year 2022. Currently not rated by CRISIL . The fund size is small of 1,985 cr. Expense ratio of 1.96%. Exit load for the fund is 1% before 1 year of redemption. Trailing Returns : Scheme 1 Year 2 Year 3 Year 5 Year 7 Year 10 Year 15 Year JM Flexi Cap Fund (G) 18.21 34.2 23.28 22.28 18.09 16.14 13.99 HDFC Flexi Cap Fund Reg (G) 18.52 26.74 21.59 22.61 16.12 14.45 15.26 Franklin India Flexi Cap Fund (G) 14.92 25.2 16.36 20.78 14.77 13.48 15.29 Motilal Oswal Flexi Cap Fund Reg (G) 27.66 34.12 19.31 16.06 11.74 13.59 – Parag Parikh Flexi Cap Fund Reg (G) 18.18 26.84 17.58 23.73 19.36 17.55 – Kotak Flexi Cap Fund Reg (G) 13.43 19.55 13.36 15.12 13 12.74 14.71 DSP Flexi Cap Fund Reg (G) 15.02 23.46 13.59 16.55 14.47 13.13 13.94 Aditya Birla SL Flexi Cap Fund Reg (G) 13.65 21.33 12.94 16.02 12.68 13.03 13.91 PGIM India Flexi Cap Fund (G) 13.49 17.84 8.58 18.85 14.43 – – Quant Flexi Cap Fund (G) -1.29 24.25 15.68 30.19 19.32 18.05 12.28 Invesco India Flexi Cap Fund Reg (G) 21.62 29.83 – – – – – 1 year trailing 1st quartile : 21-28% : Motilal Oswal Flexi Cap Fund Reg (G), Invesco India Flexi Cap Fund Reg (G) 2rd quartile : 14-21% : JM Flexi Cap Fund (G), HDFC Flexi Cap Fund Reg (G), Franklin India Flexi Cap Fund (G), Parag Parikh Flexi Cap Fund Reg (G), DSP Flexi Cap Fund Reg (G) 3rd quartile : 7- 14% : Kotak Flexi Cap Fund Reg (G), Aditya Birla SL Flexi Cap Fund Reg (G), PGIM India Flexi Cap Fund (G) 4th quartile : <0-7 % : Quant Flexi Cap Fund (G) 3 years trailing return 1st quartile : 19.75-24% : JM Flexi Cap Fund (G), HDFC Flexi Cap Fund Reg (G) 2rd quartile : 15.5- 19.75% : Franklin India Flexi Cap Fund (G), Motilal Oswal Flexi Cap Fund Reg
Choosing the right health insurance plan can feel like navigating a maze. With so many options available in India, it’s easy to get overwhelmed. But don’t worry! This guide will walk you through seven crucial tips to help you select the perfect health insurance plan for your needs and budget. A well-chosen plan can be your financial safety net during medical emergencies, so let’s get started! Consider the claim settlement ratio and Complaints per 10000 of policy claims Look for insurers with a high claim settlement ratio, which indicates their efficiency in processing claims. A high claim settlement ratio indicates the insurer’s reliability in paying out claims. Research the insurer’s claim settlement history and look for a good track record. But this also has pitfalls in which an insurer might pass small claims but do not clear the large amount claims. So, also look at how many complaints are being registered per 10000 of policy claims. This Would help give you a much better idea on if your insurer is fair in its settlement or people have to register complaints. Assess Your Healthcare Needs: Before diving into policies, take a moment to understand your individual and family’s health care requirements. Consider factors like age, pre-existing conditions, family medical history, and lifestyle. Are you looking for basic coverage or something more comprehensive? Do you need coverage for specific illnesses? Do you need maternity benefits? Do you need OPD benefits? Answering these questions will help you narrow down your options and avoid paying for unnecessary features. Understand the Coverage and Benefits: Don’t just focus on the premium; scrutinize the policy’s coverage and benefits. Look for details on: Inclusions: What treatments, surgeries, and hospital expenses are covered? Exclusions: What isn’t covered by the policy? Pay close attention to these to avoid surprises later. Waiting Period: How long do you have to wait after purchasing the policy before you can claim for certain treatments? Sub-limits: Are there any caps on coverage for specific treatments or procedures? Co-pay and Deductibles: Understand how much you’ll have to pay out of pocket. A lower premium might mean higher co-pay, so find the right balance. Compare Premiums and Policy Features: Don’t just settle for the first policy you see. Compare premiums and features from different insurers. We have done policy comparison feature by feature for your benefit , reach out to us for the same ( Book your free Consultation). Remember, the cheapest policy isn’t always the best. Balance affordability with adequate coverage. Opt for a plan with lifetime renewability: This will ensure continuous coverage even as you age and your healthcare needs increase. Many policies might not provide you cover beyond a certain age , which means when you require them at later stage of your life they might not provide you the cover needed. Check the network hospitals: Choose a plan with a wide network of hospitals in your area. This will ensure cashless hospitalization and reduce out-of-pocket expenses. A wider network means more choices and potentially cashless hospitalization, which can be a huge relief during a medical emergency. Prioritize insurers with hospitals convenient to your location. A cashless facility helps and saves a lot of time and effort , so choose a policy which has maximum network list of hospitals. Read the Policy Wordings Carefully and seek Expert Advice : Before signing on the dotted line, thoroughly read the policy wordings. This document contains all the details about the policy, including terms and conditions, coverage, exclusions, and claim procedures. Don’t hesitate to ask questions if you have any doubts. If you’re feeling overwhelmed, consider consulting a financial advisor or insurance agent. They can help you understand the different policy options and recommend a plan that aligns with your specific needs and budget. They can also clarify any complex terms and conditions. We have completely done that exercise for you . You can reach us to understand the policy terms and conditions ( Book your free consultation Today). Conclusion : Choosing health insurance is a big decision. Take your time, do your research, and don’t hesitate to ask questions. You can reach us with your queries and book free consultations. The right plan can give you invaluable peace of mind.