1. Make a list of all your Credit Cards, Accounts, Investments, Insurance and Loans

2. Document every insurance, investment and loan in your portfolio. Make an inventory on your computer to access everything in a single place.

3. Try and Consolidate your Multiple Bank Accounts/ Credit Cards/ Mutual Fund Investments/ Insurance policies. Keep it simple!

4. Consolidate Bank Accounts/ Credit cards – Close the ones you don’t use/or don’t need

5. Review Investments Portfolio - Discard non-performing investments, consolidate Mutual funds portfolio – Aim to invest in 5-6 schemes.

6. Review Insurance – Aim for enough coverage for Health & Life cover both

7. Review Loans, Credit card out-standings – Aim to pay off debts starting from high interest rate loans.

8. Treat Investments as Expenses out of your Salary.

9. Consider investing in Mutual funds in addition to conventional saving products

10. Start investing for long term & not just for short term goals

11. Do Financial Detox post Diwali.

12. Involve family members to keep a tab on each other

13. Take help of professional financial planning services this Diwali to align your portfolio to your needs. This would reap benefits lifelong!

CONGRATULATIONS! YOU HAVE DEEP-CLEANED YOUR PORTFOLIO

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.