OTHER FINANCIAL SERVICES
GOAL PLANNING
DREAM TOGETHER
Financial goal planning is setting up goals and making financial plans or spending targets you aim to achieve over a set period. For goal planning, you need to know a few things. Firstly, you have to set a goal, identify what you want to achieve, how much time it will take to reach that goal, and the steps to do so.
Financial goal-planning can be of different types:
Short-term goal planning
Mid-term goal planning
Long-term goal planning
To help you set up your financial goals, we have a team of experts who will guide you in making and achieving your goals.
CHILD MARRIAGE
LET’S STOP THIS SERIOUS MISTAKE
Every parent wants to make the day of their child’s marriage the most memorable for them. But, with a wedding comes the immense expenses. To make this happen smoothly, you need to plan your child’s marriage finances. It is very important to opt for a practical approach for all the wedding-related expenses to lead a stress-free life. Moreover, this process for planning to invest in your child’s marriage should start at the earliest.
Following are some benefits to start early for child marriage planning.
1. Invest smaller amounts regularly for long periods.
2. Take benefit from the power of compounding.
3. Allows taking higher risks and investing in mutual funds to gain long-term benefits.
At Growth Planners, we will help you choose the most appropriate investment plan for your child’s marriage.
CHILD EDUCATION
EDUCATE FOR BETTER FUTURE
To help you safeguard your child’s future and protect your savings, child education planning is very important. A child education plan is both the insurance and investment for your child’s future. Education cost for a child’s school, college costs a fortune. To provide your child with the best education facilities, you must start saving the day your child is born.
How to Plan for your Child’s Education?
1. Calculate the time horizon.
2. Estimate the overall cost.
3. Know the amounts to be saved and plan your investments.
We have a team of professionals to assist you with all these steps to plan for your child’s marriage.
MUTUAL FUNDS
MUTUAL FUNDS HI BEHTAR HAI.
A mutual fund is a professionally managed investment fund where money is pooled from various investors and is then invested in securities like stocks, short-term debt, bonds. Investors buy shares in mutual funds, and here each share represents the part of ownership and the income generated by the investors.
Following are the features of Mutual Funds because of which investors invest in them:
1. Diversification
2. Affordable
3. Liquidity
4. Managed professionally
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While investing in mutual funds, you should be aware of the risks and fraud. We are here to help you fill out your mutual fund application; make the best choices for your investments.
ELSS
SAVING FOR THE BEST
ELSS stands for Equity Linked Savings Scheme. It is the tax-saving scheme that offers the exemption of Rs 150,000 from your annual taxable income under the Sec 80C of Income Tax Act 1961. From the date of allotment, these ELSS schemes have a lock-in period of almost three years. Once this lock-in period is over, these units can be switched or redeemed.
Why are ELSS Funds a Good Option to Save?
1. It gives you a chance to incest small units of money every month.
2. You can get 2X returns from FD/PPF.
3. Here, the shortest lock-in duration is just three years.
LIQUID FUNDS
SECURE YOUR FUTURE
Liquid funds are a kind of mutual funds that invest in securities with a residual maturity of up to 91 days. Liquid funds do not have a lock-in period, so the invested assets will not be tied up for a long duration.
In liquid funds, the return is not guaranteed, and this is because the performance of a liquid fund depends upon how the market performs, unlike fixed deposits which are not dependent on the market. Liquid funds are preferred over fixed deposits by investors looking for better returns. Our team will help you invest in liquid funds according to your needs.
BONDS
ONLY WAY TO COME OUT.
A bond is known as a debt security, similar to an IOU. Here, the borrower's issue bonds to raise money from investors willing to lend them money for a certain period.
When you are purchasing a bond, you are lending to the issuer. This issuer may be a government, municipality, or corporation. In return, the issuer promises to give back to you a specified rate of interest during the life of the bond. When it "matures" or comes due after a set period, they repay the principal, also known as par value or the face value of the bond.
GOLD BONDS
DOUBLE YOUR PLEASURE DOUBLE YOUR GOLD
If you plan to buy gold coins and gold bars as an investment, you are wasting a chance to earn some great returns. There are gold bonds available in the market, which allow you to capture the price movement and also pay you a fixed interest just like bank FDs give. A gold bond is a simple but greater alternative to buying physical gold. Investing in gold bonds is very beneficial.
The interest rate on gold bonds-
The interest rate for gold bonds is 2.50% every year. This gold bond interest rate is over and above the gold price return. This interest amount is paid every six months or semi-annually on the actual nominal value.
DEBT FUNDS
SAVING YOU MONEY
Debt funds invest in fixed income securities like treasury bills. Some investment options in debt funds are the Gilt fund, monthly income plans, short-term plans, liquid funds, and fixed maturity plans.
Debt funds aim to create returns for investors by investing their money in avenues like bonds and other fixed-income securities. These debt funds buy the bonds and earn interest income on the money. The returns that mutual fund investors receive depend on this.
It is similar to how a Fixed Deposit (FD) works. When you deposit in your bank, you are technically lending money to the bank, and in return, the bank offers interest income on the money lent.
Advantages of investing in Debt Funds
Tax efficiency
Stability
Flexibility
High liquidity
LOANS
DREM IT. ACHIEVE IT.
A loan is a debt incurred where the lender advances a sum of money to the borrower. In return, the borrower agrees to a particular set of terms, including any finance charges, interest, repayment date, and other conditions.
Types of Loans
· Personal Loan.
· Business Loan.
· Home Loan.
· Gold Loan.
· Rental Deposit Loan.
· Loan Against Property.
· Two & Three Wheeler Loan.
· Personal Loan for Self-employed Individuals.
Our team has the experts to assist you with different loan plans as per your needs and ability.
FIXED DEPOSITS
ENABLING GROWTH
A fixed deposit, also known as an FD, is an investment instrument offered by banks and non-banking financial companies to their customers to help them save money. With an FD account, you can invest a sizeable amount of money at a predetermined interest rate for a fixed period.
You lock the amount for a specified period when you put your money to work in fixed deposits. You can earn interest on the principal sum throughout the tenure on a cumulative basis, and the interest earned gets added to the principal amount after every specific interval.
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Since the tenures are flexible, you have the option to manage multiple FD accounts spread across different terms, and you can earn more on your investments.
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We can assist you in opening the FD accounts and telling you how to gain the highest possible interest.