FoolProof Financial Plan Podcast: For New Financial Year - ABSLMF

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Aditya Birla Sun Life AMC Limited

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Podcast 14

Enter the new financial year with a foolproof financial plan

This podcast sheds light on why financial planning and analysis is significant. We focus on planning all other things, but somehow, we lack in creating a financial plan.

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Identify the financial goal that you want to achieve in a particular year or in the next 3 to 5 years.

Every individual looks forward to saving taxes. Most of us tend to make investments at the last minute without realizing that it needs to be aligned with a goal.

There are several tax-benefit investment options such as equity-linked saving scheme (ELSS), life insurance, health insurance, retirement plan, mutual funds, etc.

When it comes to choosing the best scheme for financial goals, you need to ensure that such schemes provide liquidity easily and help you accumulate enough wealth. You need to select a mutual fund plan once you have identified the length and the type of investment objective.

These some of the steps you can take for personal financial planning. For more info, listen to this podcast.

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