- financial planning means :
- Starting early
- Investing regularly
- Investing with a long term horizon
- Keeping long term goals/requirements in mind
- Obstacles to financial planning
- Lack of time for diligent planning and implementation
- Irregular investment patterns
- Delayed start, leading to loss of investment opportunities
Typical financial needs to be provided for
Hypothetical example of a person aged 35 years who will need funds for...
- Higher Education of his child after approximately
11 yrs
- Equivalent of Rs. 10 lakhs required today
- Marriage of his child after approximately
16 years
- Equivalent of Rs. 20 lakhs required today
- His Retirement after approximately 21 years
- Equivalent of Rs. 30000 p.m. today for house- hold expenses and other commitments
like medical expenses for rest of his post retirement life. Required corpus Rs.1.4
crs after 21 years.
Using systematic investments to achieve your financial goals
|
CAGR* as on 30th June, 2006
|
1 Year
|
3 Year
|
5 Year
|
Since Inception
8/10/1995
|
|
Total Amount Invested at Rs. 1000 p.m.
|
12000
|
36000
|
60000
|
129000
|
CAGR* under Reliance Growth Fund
Systematic Investment Plan
|
Present value
|
12620
|
73390
|
262911
|
1181956
|
|
Yield
|
10.21%
|
53.41%
|
63.55%
|
38.38%
|
CAGR* under Reliance Vision Fund
Systematic Investment Plan
|
Present value
|
13144
|
64397
|
225149
|
945665
|
|
Yield
|
19.07%
|
42.42%
|
56.29%
|
34.54%
|
|
Benchmark Return - BSE Index
|
Present Value
|
13334
|
52858
|
140069
|
356954
|
|
Yield
|
22.33%
|
34.51%
|
35.05%
|
17.95%
|
* Compounded Annualised Growth Rate
Past Performance may or may not be sustained in the future..
|