Dr. Mukesh
Renowned Gynaecologist
Financial Life
Extended working hours, intensive surgeries, consultations and emergencies - all these were part and parcel of my life as a doctor. As a result, I hardly had any time to think of other things, and somewhere personal finance always took a backseat. Fast forward to my 40s. Majority of my hard-earned money was invested in real estate assets, some in FDs and the rest was lying in my bank account. And I thought, I had done a good job of planning my finances so far despite the lack of time. But now I needed to diversify in different asset classes but did not know how and where to start, that's where I met Finnovate team at the right time!
Life Before Finnovate
- Risk Planning:
- Life Insurance policies
- Wealth Planning:
- Fixed deposits
- Properties
- PPF
The Finnovate Life
The reason why my portfolio majorly consisted of real estate assets was because I was familiar with dealings in property. I was also wary of the volatility of stock markets and did not have enough information to get started. But that is history! It has been four years since Team Finnovate has been handling my portfolio. Not only have my financial assets grown in this time but my knowledge of financial products too has expanded. Not only has Team Finnovate taken care of my portfolio beautifully, it has also encouraged me to learn and understand financial products better. My monthly meetings with Team Finnovate are a great learning experience - each time they come up with ingenious ideas to make my money work harder for me.
Life After Finnovate
- Risk Planning:
- Substantial life cover
- Professional risk cover
- Substantial health cover
- MWPA Trust
- Wealth and Retirement Planning:
- Mutual Funds
- SIPs
- Equity portfolio
- PMS
Mr. Sanket
CXO at an Electronics Company
Financial Life
Life's milestones come with new learnings and additional roles and responsibilities. I donned one such hat during my early 30s, that of a new parent. Being a senior executive, my work hours are pretty long. When the baby came along, my financial goals also changed and I felt that we had to invest accordingly. We had to take into account additional financial responsibilities, apart from the diaper changing and sleepless nights! That's when I knew it was time to call in the experts - Finnovate!
Life Before Finnovate
- Risk Planning:
- No life cover
- No health cover
- Wealth Planning:
- PPF
- LIC
The Finnovate Life
My financial life took a 360 degree turn after I consulted Team Finnovate. What is truly different about Finnovate is that they do not come to you with a predetermined plan. They sit down with you and plan your portfolio according to your current and future financial goals. And constantly map the performance of your investments against the goals. I am the sole breadwinner in the family and I had no life cover. Team Finnovate helped me realize how important it was to plan for untoward incidents and ensure income replacement for the family. Today, I have a financial portfolio that has helped me plan for my child's education, my retirement and several other financial goals.
Life After Finnovate
- Risk Planning:
- Substantial life cover
- Health cover for self and family
- Emergency Fund to cover job risk
- Child's Education Goals:
- MF
- SIP
- Wealth and Retirement Planning:
- MF
- SIP
- Equity Portfolio
Mr. Rohit
CXO at a Major Pharma Company
Financial Life
I am a senior executive in a pharmaceutical company. But when it comes to planning my finances, I wasn't very different from a majority of the population in the country. I am in my mid-forties, I have an intense work schedule and have to travel a lot. For a good amount of time, I have been putting in most of my earnings in EMIs. Like everyone else, I thought that I had planned well for retirement- with investments in EPF, PPF and the gratuity that I would get on retirement. I have been planning to retire early for some time now (around 55 years of age) and I decided to take stock of my investments. That is how I came across Finnovate. Before I met the team, I did believe that I had saved a decent sum of money and could retire early comfortably. Their Certified Financial Planner explained that after adjusting for inflation, my "savings" would only last me seven years after retirement and to think that I was saving for life...
Life Before Finnovate
- Risk Planning:
- Multiple LIC policies but negligible life cover
- Health cover by employer
- Wealth Planning:
- PPF
- EPF
- RDs
- Small amount in SIPs
- Property
The Finnovate Life
I was absolutely impressed with the professionalism that the Finnovate team demonstrated when it came to handling my financial portfolio. They did a thorough analysis of my current investments and drew up a comprehensive plan to help me meet my early retirement goals. I was suggested an asset allocation plan that would help meet my present requirements and also help me save for the future. Thanks to Team Finnovate, I will now have investments that will last me a good 20 years even after an early retirement! With Finnovate, I have been able to plan for my financial requirements today, strategize my post retirement needs and make my money work for me! Financial planning is much more than just tax planning!
Life After Finnovate
- Risk Planning:
- Substantial life cover
- Independent health cover for self and family apart from employer
- Substantial personal accident cover
- Wealth Planning and Retirement Plan:
- Mutual Funds
- SIPs
- NPS
- Gratuity
- EPF / PPF
- Direct Equity Portfolio
Dr. Rajesh
Renowned Gynaecologist
Financial Life
A doctor's life is full of long working hours and emergencies. I had spent most of my life doing that (and enjoying it, no doubt). But now, closer to retirement, I was clear that I wanted a relaxed post retirement life enjoying the fruits of my labour! Having invested over several years, I had a diverse asset portfolio but they were scattered across. The paperwork that I had to deal with was enormous! I even had shares that I had bought decades ago in a physical format. With my retirement looming closer, I had two clear objectives: consolidate all investments already made and make additional investments for a tax efficient passive income in my post retirement years. Finnovate was just what I needed!
Life Before Finnovate
- Risk Planning:
- Life insurance
- Mediclaim
- Wealth Planning:
- Mutual funds
- Shares mostly too scattered in physical form
- Properties
The Finnovate Life
The Finnovate team came in and took charge so seamlessly! First, my existing portfolio was consolidated - all the MF's and shares that I had in physical format were dematerialized. Now, with the entire portfolio in a single place, they reviewed all my investments and recommended the ones that I could do away with. We build a revised portfolio keeping in mind my new goal - tax efficient passive income. The tools recommended to me included India Post senior citizen deposits to hybrid mutual funds - most of them in demat form. Today, almost my entire investment portfolio is just a click away on Finnovate's tracking platform! I meet with Finnovate experts once every quarter and we review my portfolio to ensure we are working towards my goal - a peaceful retired life! We are definitely on track!
Life After Finnovate
- Risk Planning:
- Mediclaim with increased cover
- Wealth Planning:
- Mutual Funds: Hybrid Funds
- Equity: Dematerialised and consolidated in blue chip, dividend paying companies
- Investments in Post Office Senior Citizen Savings Scheme
- Immediate Annuity
- Corporate Deposits