Goal Based Planning

sub_s01You have been planning and managing your investments for long now, but at times you get a thought, whether the same will cater to all your goals and aspirations in full. You may be worried, and would know for sure that certain critical goals of yours, like children’s education or marriage cannot be compromised with. You want to be doubly sure that your efforts towards meeting these critical goals are in the right direction. Or, probably you fear that the funds actually meant for these critical goals will succumb to your volatile business requirements. Deontic’s simple goal based financial planning service offers a solution for you Under this offering we first start with defining the specific goals that need to be addressed.

We scale these goals in terms of time and value in present terms and interpolate the same to the required fulfillment date(s). We then work backwards to address a savings pattern that leads towards achievement of these goals. We then approach these savings with proper asset allocation strategy to ensure achievement of risk optimized returns.
sub_s02Understanding your risk appetite and devising an asset allocation strategy to suit your individual risk appetite is a prime activity undertaken before suggesting any investment alternatives. We constantly monitor the portfolio of investments for effects from micro and macro economic changes.

Children’s Future Planning

Like every parent, you too must be overjoyed to watch your child grow. All parents want to give the best possible upbringing to their children. This includes good education and security. Soon, your little bundle ofjoy will grow up, and it will be time to provide for his or her higher education and wedding.

The purpose of Children’s Future Planning is to create a corpus for foreseeable expenditures such as those on higher education and wedding, and to provide for an adequate security cover during their growing years.

sub_s03Children’s Future Planning acquires added importance because children’s education and wedding are high priority life goals, which can neither be postponed nor can there be a compromise on the amount.

Good education has always been the passport to a secure future. Today, career opportunities have grown manifold, and there are many professional course that your child can aspire for. However, costs of higher education have also increased exponentially.

Like most parents, you might be saving regularly to ensure a safe tomorrow for your child.

However, savings alone is no longer enough. For ensuring adequate funding of your child’s education, you as a parent, need to do two things:

1. Invest appropriate amount systematically and at regular intervals

2. Provide for a financial security blanket to cover any eventuality

It is never too early to start saving and investing for your child’s future. Especially in today’s context. For example, the cost of a professional degree today is approximately Rs 2.5 lakhs. If your child is one-year-old today, after 17 years when he/she goes to college, you may require a sum of Rs 6.3 lakhs, assuming an annual rate of inflation of 6%.

There are many products which we at Deontic can use to achieve the above objectives. For example, we could suggest a Children’s Future Plan offered by any good insurance company, to build a corpus for your child’s higher education, and provide for a security cover in the event of the parent’s unfortunate demise. Or we could simply offer investments into high class equity investments as the relevant case may be.

Children’s plans are also available under unit-linked option. Being unit-linked, they offer access to investments in all kinds of asset classes – equity, debt and cash.

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