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21.9%First documentFinancial Planning vs Wealth Management: What’s the Difference?Open original ↗
Second documentWealth Management: A Guide to Build and Protect Your AssetsOpen original ↗
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Build a Financial Plan that Protects and Grows Your Wealth
Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
Glossary:
Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
Save, Dream, Plan. Live Peacefully
5 Plan options Option to choose PPT Get Tax benefits
Save, Dream, Plan. Live Peacefully
5 Plan options Option to choose PPT Get Tax benefits
Popular Searches
What is Goal Based Investing? What is Inflation? Personal Finance What is Recurring Deposit Financial Instrument
Popular Searches
What is Goal Based Investing? What is Inflation? Personal Finance What is Recurring Deposit Financial Instrument
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Popular Searches
Investment Calculator Retirement Financial Planning Money Saving Tips Best Investment Options ULIP Investment Plans What is Investment? Value of 1 Cr After 20 Years What Is IRR?
Popular Searches
Investment Calculator Retirement Financial Planning Money Saving Tips Best Investment Options ULIP Investment Plans What is Investment? Value of 1 Cr After 20 Years What Is IRR?
Financial Planning - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Financial Planning - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Financial Instruments for Wealth Management
Unit Linked Insurance Plan (ULIP): ULIPs invest in equity and come with several advantages. ULIPs have an insurance cover that comes along with the investment. Moreover, both the investment and the maturity amounts have tax benefits which means you save money on taxes as well. Invest in a diversified portfolio Invest for 5 years to up to 99 years of age Tax-free partial withdrawals after five years Bonus additions for long-term investors Automated portfolio management for equity investors Systematic withdrawal option
Investment Options in India for Wealth Management
Accumulation Strategy: The focus is clearly on achieving above-average returns and building a strong base so that compounding delivers better returns in the medium/long run. Mutual Funds/ELSS: Mutual funds invest in equities and offer funds focused on specific industries and/or stock indices. You can choose the type of fund depending on your risk appetite and targeted return. Unit Linked Insurance Plan (ULIP): ULIPs also invest in both equity and debt, just like mutual funds. But ULIPs come with additional advantages. ULIPs offer insurance coverage along with the investment. Moreover, both the investment and the maturity amounts have tax benefits, which means you save money on taxes as well. National Pension Scheme (NPS): NPS helps you invest in a diversified and dynamic portfolio of equity, debt, and alternative assets. This automated portfolio investment reduces your portfolio risk as you age and will ensure safe investments by the time of maturity. You can withdraw up to 60% of the corpus as a lump sum and must invest the rest to receive an annuity. Recommended Reading - NPS Withdrawal Rules In addition to diversified portfolios, you can also consider buying stocks directly. Stocks can offer significant value accretion over time, as well as the possibility of dividend income. Investing in Gold ETFs and REITs (Real Estate Investment Trusts) will also fall under this strategy. However, these investment options may not allow tax savings.
Financial Instruments for Wealth Management
Each of the strategies described above requires investment in an appropriate asset class or financial instrument. Some examples of popular instruments are listed below:
Investment Options in India for Wealth Management
Each of the strategies described above has corresponding investment options that can help you achieve the goals for that stage. Some examples of popular instruments for each stage are listed below: