Financial Planning Demo Report

Demo Financial Planning For Shukla Family
Prepared for Mr R K Shukla & Mrs R R Shukla Advisor: Manoj Vaidya

Doyen Wealth Management Pvt. Ltd. info@doyenwealth.com
The content of this report is for illustrative purposes only. Copywrite Doyen Wealth Management Pvt. Ltd.
Demo Financial Planning For Shukla Family | 6 August 2012
INTRODUCTION ................................................................................................................. 4 INTRODUCTION : W EALTH MANAGEMENT / FINANCIAL PLANNING .......................................... 5 PERSONAL DETAILS .......................................................................................................... 6 YOUR NET W ORTH ........................................................................................................... 7 NET W ORTH ANALSYS ................................................................................................... 7 ASSET AND LIABILITY BREAKDOWN CHARTS .................................................................... 8 CASH FLOW MANAGEMENT ............................................................................................. 10 INCOME AND EXPENDITURE STATEMENT FOR CURRENT YEAR ........................................ 10 CASH FLOW PROJECTIONS .......................................................................................... 13 ANNUAL CASH FLOW STATEMENT ................................................................................ 13 CASH FLOW SURPLUS ................................................................................................. 15 VALUE OF INVESTED SURPLUS ..................................................................................... 16 RETIREMENT CASH FLOW EXPENSES ............................................................................... 17 RETIREMENT CASH FLOW - FIRST YEAR OF RETIREMENT .............................................. 17 RETIREMENT CASH FLOW PROJECTIONS ...................................................................... 19 RETIREMENT CASH FLOW STATEMENT ......................................................................... 19 ANKITA -COLLEGE EDUCATION FUND ............................................................................... 21 CURRENT GOAL ASSUMPTIONS .................................................................................... 21 ADVICE ....................................................................................................................... 22 ACTION PLAN .............................................................................................................. 22 ANAND- COLLEGE EDUCATION FUND ............................................................................... 23 CURRENT GOAL ASSUMPTIONS .................................................................................... 23 ADVICE ....................................................................................................................... 24 ACTION PLAN .............................................................................................................. 24 EMERGENCY FUND ......................................................................................................... 25 CURRENT GOAL ASSUMPTIONS .................................................................................... 25 ADVICE ....................................................................................................................... 26 ACTION PLAN .............................................................................................................. 26 SECOND HOME- OWN CONTRIBUTION .............................................................................. 27 CURRENT GOAL ASSUMPTIONS .................................................................................... 27 ADVICE ....................................................................................................................... 28 ACTION PLAN .............................................................................................................. 28 ANKITA'S MARRIAGE FUND .............................................................................................. 29 CURRENT GOAL ASSUMPTIONS .................................................................................... 29 ADVICE ....................................................................................................................... 30 ACTION PLAN .............................................................................................................. 30 ANAND'S MARRIAGE FUND ............................................................................................... 31 CURRENT GOAL ASSUMPTIONS .................................................................................... 31 ADVICE ....................................................................................................................... 32 ACTION PLAN .............................................................................................................. 32 VACATION ...................................................................................................................... 33 CURRENT GOAL ASSUMPTIONS .................................................................................... 33 ADVICE ....................................................................................................................... 34 ACTION PLAN .............................................................................................................. 34 RETIREMENT - LIVING EXPENSES ..................................................................................... 35 CURRENT GOAL ASSUMPTIONS .................................................................................... 35 ADVICE ....................................................................................................................... 37
ACTION PLAN .............................................................................................................. 37 INVESTMENT ASSET ALLOCATION .................................................................................... 38 ASSET ALLOCATION - GROWTH .................................................................................... 39 INSURANCE .................................................................................................................... 42 LIFE INSURANCE ANALYSIS SUMMARY .......................................................................... 42 LIFE INSURANCE ANALYSIS FOR RAMESH SHUKLA ............................................................ 43 CURRENT LIFE INSURANCE SITUATION.......................................................................... 43 ADVICE ....................................................................................................................... 44 ACTION PLAN .............................................................................................................. 44 LIFE INSURANCE ANALYSIS FOR RAMEE SHUKLA .............................................................. 45 CURRENT LIFE INSURANCE SITUATION.......................................................................... 45 ADVICE ....................................................................................................................... 46 ACTION PLAN .............................................................................................................. 46 APPENDIX 1: GLOSSARY OF TERMS USED IN FINANCIAL PLANNING ..................................... 47 APPENDIX 2: DISCLAIMER / DISCLOSURE STATEMENT ....................................................... 49
Introduction
Dear Ramesh Shukla & Ramee Shukla, We are pleased to submit this financial plan for your records . We urge you to keep this safely and privately to avoid any leakage of your confidential financial information. A full financial plan would cover Cash Management, Risk Management, Retirement Planning, Investment Planning and Estate & Tax Planning. The sections covered in this plan are outlined on the contents page. The following plan will document your Goals and Resources and make recommendations in line with your Goals based on the information you have provided. The solutions adopted in this plan need to be regularly reviewed. The projected outcomes are provisional and should be treated as indicative rather than as guaranteed. It is vital that the plan is reviewed regularly and the assumptions tested against actual outcomes. Life is dynamic and your financial plan must reflect changes in your personal situation! We urge you to study these recommendations carefully and we will respond to any questions you may have. You may need to make important decisions on the urgency and timing of the issues dealt within this plan. The effort you have taken to reach this point is well worth the effort to secure your financial future. Please see the Appendices for details of the underlying assumptions related to your financial future used in building your plan, our Disclosures / Disclaimers and a Glossary to assist you with the terminology used herein. We trust the experience will be rewarding for a sound financial future and help you reach your goals. We endeavour to respect your privacy and maintain client confidentiality. Manoj Vaidya Doyen Wealth Management Pvt. Ltd
Introduction : Wealth Management / Financial Planning

Financial Planning puts Wealth Management into the wider context of your life journey. It looks at the what if issues that could affect your live situation and compromise your goals. In essence it is more holistic than wealth management on its own. It seeks to have a detailed understanding of your situation and, after analysis the various aspects of your financial assets and liabilities, seeks to recommend strategies that reflect your personal aspirations and needs. It provides the provisional plan for your personal journey and helps you execute it in the most efficient way. You will need to keep your plan in focus and relevant through regular Reviews with your advisor and journey together. Wealth Management is really about managing your wealth and getting you the best returns from the markets. It is about investments and returns and not financial goals and resources. Wealth Management is the next step after proper financial planning has been completed in tune with a clients needs. Why have a Plan Goal Based Plan? It is said that those who fail to plan, plan to fail! Taking responsibility and having a clear vision of where you are heading is very challenging. Addressing the risks in life and having a realistic view of both the opportunities and challenges of life can give you confidence in your life journey. Getting the balance between the needs of today and of the future, capturing the power of compounding returns and protecting those who depend on you are the major benefits of a Plan. The process itself will increase you understanding and assist with good decision making. It will sensitise you to the trade offs and parameters in financial decision making taking into account, your family situation and financial assets and liabilities. It will clarify your priorities. In summary, a Goal Based plan captures your heart and aspirations. It helps you to work through your financial assets and achieve your goals in the future. It is a targeted approach to achieving results step by step with planning and precision.
Personal Details
Client Details:
Client Name: Client Type: Address: Ramesh Shulka Couple B 104 Garden City Link Road Pune 411001 Ph(hm) Ph(wk) Email
Address:
Ph(hm) Ph(wk) Email Ph(hm) Ph(wk) Email Ph(hm) Ph(wk) Email
Address:
Address:
Holder Details:
Name: PAN: Name: PAN: Mr Ramesh Kumar Shukla DOB Tax Rate: DOB Tax Rate: 01/01/1975 20% 01/03/1977 0% - No Tax Rate
Mrs Ramee Ramesh Shukla
Associated Party Details: Demo Financial Planning For Shukla Family | 6 August 2012
Contact Type Name: Address: Son Anand Ramesh Shukla
DOB Ph(hm) Ph(wk) Email
30/08/2009
Contact Type Name: Address:
Daughter Miss Ankita Ramesh Shulka
DOB Ph(hm) Ph(wk) Email
01/05/2005
Please confirm that the above details have been shown correctly .
Your Net Worth

A Net Worth statement defines what you have after your liabilities have been defined. It is your personal economic position based on the value of all assets (long term assets) minus the value of all liabilities. This analysis is often used by third parties to assess your credit worthiness. Used over time it is a valuable measure of how successful you are in securing your financial health, and increasing wealth overtime.
Net Worth Anals ys

Investments Current Valuation Rs. 2,25,000 Rs. 1,75,000 Rs. 3,10,025 Rs. 1,15,000 Rs. 1,85,000 Rs. 1,00,000 Rs. 4,50,000 Rs. 1,25,000 Total Investments: Other Assets Rs. 16,85,025 Current Valuation Rs. 45,00,000 Rs. 2,50,000 Rs. 2,25,000 Total Other Assets: Liabilities Rs. 49,75,000 Current Valuation Rs. 12,00,000 Rs. 1,80,000 Total Liabilities: Total Assets: Net Worth: Rs. 13,80,000 Rs. 66,60,025 Rs. 52,80,025
SBI A/c Employee Provident Fund Mutual Fund Savings/SIP Ramee's PPF A/C Equity PMS Fixed Deposit Insurance Premium Mutual Fund Savings/SIP
2 BHK property
Ornaments I10
Housing Loan Car Loan
Asset and Liability Breakdow n Charts
Cash Flow Management

Monitoring your Cash Flow is a dynamic way of taking your financial pulse. Getting your cash to work efficiently for you, over a lifetime, can have huge positive consequences. Often affluent individuals are the ones who have difficulty in following a savings plan and the surplus cash disappears before it can be aligned to objectives. Those who have limited income generally know they have to manage their cash and align to their savings targets. For most people the ability to earn is their greatest asset and its careful management should be a high priority. Your income is divided between Non-discretionary costs and Discretionary costs. From this we can determine what is surplus and guide you on how to maximize the opportunity. The analysis below tracks your income from all sources on a net of tax basis and will help you begin this journey of cash-flow management. Eventually, you will gain better control over cash flows and realize that you have greater control over discretionary costs and a huge potential which could help you save regularly.
Income and Expenditure Statement for Current Year

Incomes
Net Salary Income Ramesh Business Income

Total Income: Fixed Expenses Grocery, Veg and fruits Milk and Milk Products LPG Phone Cable Internet Electricity School Fees School Bus Servant Salary Fuel Expenses General Insurance 2/4 wheeler Society Maintenance Medicines Misc. Expenses Total Fixed Expenses: Discretionary Expenses Recreation Expenses Festival Expenses Shopping Books/Toys
Rs. 9,00,000 p.a. Rs. 2,50,000 p.a. Rs. 11,50,000 p.a.
Rs. 60,000 p.a. Rs. 25,000 p.a. Rs. 10,500 p.a. Rs. 9,600 p.a. Rs. 6,000 p.a.
Rs. 8,400 p.a. Rs. 52,000 p.a. Rs. 10,000 p.a. Rs. 13,500 p.a. Rs. 36,000 p.a. Rs. 5,750 p.a. Rs. 8,400 p.a. Rs. 15,000 p.a. Rs. 24,000 p.a. Rs. 2,96,150 p.a.
Rs. 25,000 p.a. Rs. 35,000 p.a. Rs. 30,000 p.a. Rs. 12,000 p.a.
10
Rs. 12,000 p.a.
NGO donation Total Discretionary Expenses:
Rs. 3,000 p.a. Rs. 1,05,000 p.a.
Committed Savings
EPF Contribution By Ramesh

into Employee Provident Fund
Rs. 39,000 p.a. Rs. 60,000 p.a. Rs. 1,85,000 p.a. Total Committed Savings: Rs. 2,84,000 p.a.
Regular Savings
into Mutual Fund Savings/SIP
Regular Savings
into Insurance Premium
Repayments
Regular Repayment
into Housing Loan
Rs. 1,90,297 p.a. Rs. 72,260 p.a. Total Repayments: Rs. 2,62,557 p.a.
Regular Repayment
into Car Loan
Total Income: Total Expenses: Net Cash Flow:
Rs. 11,50,000 p.a. Rs. 9,47,707 p.a. Rs. 2,02,293 p.a.
Recommendations
11
12
Cash Flow Projections
Incomes
Rs. 9,00,000 p.a.

2012 to 2034
Rs. 2,50,000 p.a.

2012 to 2034
Expenses
Current Living Expenses
Rs. 4,01,150 p.a.

2012 to 2034
Committed Savings

Rs. 39,000 p.a.

2012 to 2034
Regular Savings
into Mutual Fund Savings/SIP
Rs. 60,000 p.a.

2012 to 2016
Regular Savings
into Insurance Premium Repayments
Rs. 1,85,000 p.a.

2012 to 2025
Regular Repayment
into Housing Loan
Rs. 1,90,297 p.a.

2012 to 2021
Regular Repayment
into Car Loan
Rs. 72,260 p.a.

2012 to 2014
Annual Cash Flow Statement
13
Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034
Incomes Rs. 11,50,000 Rs. 12,07,500 Rs. 12,67,875 Rs. 13,31,268 Rs. 13,97,833 Rs. 14,67,723 Rs. 15,41,110 Rs. 16,18,165 Rs. 16,99,074 Rs. 17,84,027 Rs. 18,73,229 Rs. 19,66,890 Rs. 20,65,235 Rs. 21,68,496 Rs. 22,76,921 Rs. 23,90,767 Rs. 25,10,306 Rs. 26,35,821 Rs. 27,67,612 Rs. 29,05,993 Rs. 30,51,292 Rs. 32,03,857 Rs. 33,64,050
Expenses Rs. 4,01,150 Rs. 4,33,242 Rs. 4,67,901 Rs. 5,05,335 Rs. 5,45,760 Rs. 5,89,421 Rs. 6,36,574 Rs. 6,87,501 Rs. 7,42,501 Rs. 8,01,900 Rs. 8,66,052 Rs. 9,35,337 Rs. 10,10,164 Rs. 10,90,976 Rs. 11,78,256 Rs. 12,72,516 Rs. 13,74,317 Rs. 14,84,260 Rs. 16,03,002 Rs. 17,31,244 Rs. 18,69,743 Rs. 20,19,323 Rs. 21,80,867
Committed Savings Rs. 2,84,000 Rs. 2,84,000 Rs. 2,84,000 Rs. 2,84,000 Rs. 2,84,000 Rs. 2,24,000 Rs. 2,24,000 Rs. 2,24,000 Rs. 2,24,000 Rs. 2,24,000 Rs. 2,24,000 Rs. 2,24,000 Rs. 2,24,000 Rs. 2,24,000 Rs. 39,000 Rs. 39,000 Rs. 39,000 Rs. 39,000 Rs. 39,000 Rs. 39,000 Rs. 39,000 Rs. 39,000 Rs. 39,000
Repayments Rs. 2,62,557 Rs. 2,62,557 Rs. 2,62,557 Rs. 1,90,297 Rs. 1,90,297 Rs. 1,90,297 Rs. 1,90,297 Rs. 1,90,297 Rs. 1,90,297 Rs. 1,90,297 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0
Net Cash Flow Rs. 2,02,293 Rs. 2,27,701 Rs. 2,53,417 Rs. 3,51,636 Rs. 3,77,776 Rs. 4,64,005 Rs. 4,90,239 Rs. 5,16,367 Rs. 5,42,276 Rs. 5,67,830 Rs. 7,83,177 Rs. 8,07,553 Rs. 8,31,071 Rs. 8,53,520 Rs. 10,59,665 Rs. 10,79,251 Rs. 10,96,989 Rs. 11,12,561 Rs. 11,25,610 Rs. 11,35,749 Rs. 11,42,549 Rs. 11,45,534
Recommendations
14
Rs. 11,44,183
Cash Flow Surplus
You have not specified what you want to do with your Cash Flow surplus.
15
Value of Invested Surplus

Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Annual Surplus Saved Rs. 2,02,293 Rs. 2,27,701 Rs. 2,53,417 Rs. 3,51,636 Rs. 3,77,776 Rs. 4,64,005 Rs. 4,90,239 Rs. 5,16,367 Rs. 5,42,276 Rs. 5,67,830 Rs. 7,83,177 Rs. 8,07,553 Rs. 8,31,071 Rs. 8,53,520 Rs. 10,59,665 Rs. 10,79,251 Rs. 10,96,989 Rs. 11,12,561 Rs. 11,25,610 Rs. 11,35,749 Rs. 11,42,549 Rs. 11,45,534 Rs. 11,44,183 Withdrawals Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Total Surplus Growth Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Value of Invested Surplus Rs. 2,02,293 Rs. 4,29,994 Rs. 6,83,411 Rs. 10,35,047 Rs. 14,12,823 Rs. 18,76,828 Rs. 23,67,067 Rs. 28,83,434 Rs. 34,25,710 Rs. 39,93,540 Rs. 47,76,717 Rs. 55,84,270 Rs. 64,15,341 Rs. 72,68,861 Rs. 83,28,526 Rs. 94,07,777 Rs. 1,05,04,766 Rs. 1,16,17,327 Rs. 1,27,42,937 Rs. 1,38,78,686
Rs. 1,61,66,769 Rs. 1,73,10,952
Recommendations
16
Rs. 1,50,21,235
Retirement Cash Flow Expenses

When you retire, your Cash Flow needs can change quite dramatically. Some expenses will increase, others will decrease. Some expenses will cease while new expenses will start to occur. Estimating these changes is essential to ensuring that you are planning for the correct level of expenditure during retirement, so that you can allocate enough resources to fund your life!
Retirement Cash Flow - First Year Of Retirement

Incomes

Total Income: Fixed Expenses Grocery, Veg and fruits Milk and Milk Products LPG Phone Cable Internet Electricity Servant Salary Fuel Expenses General Insurance 2/4 wheeler Society Maintenance Medicines
Rs. 27,64,371 p.a. Rs. 7,67,881 p.a. Rs. 35,32,252 p.a.
Rs. 2,64,216 p.a. Rs. 1,10,090 p.a. Rs. 46,238 p.a. Rs. 42,275 p.a. Rs. 26,422 p.a. Rs. 52,843 p.a. Rs. 36,990 p.a. Rs. 59,449 p.a. Rs. 1,58,530 p.a. Rs. 25,318 p.a. Rs. 36,990 p.a. Rs. 66,054 p.a. Rs. 1,05,686 p.a. Total Fixed Expenses: Rs. 10,31,101 p.a.
Misc. Expenses
Discretionary Expenses Recreation Expenses Festival Expenses Shopping Books/Toys NGO donation Total Discretionary Expenses: Rs. 1,10,090 p.a. Rs. 1,54,126 p.a. Rs. 1,32,108 p.a. Rs. 52,843 p.a. Rs. 13,211 p.a. Rs. 4,62,378 p.a.
Committed Savings

into Employee Provident Fund Total Committed Savings:
Rs. 39,000 p.a. Rs. 39,000 p.a.
Total Income:
Rs. 35,32,252 p.a.
17
Total Expenses: Net Cash Flow: Recommendations
Rs. 15,32,479 p.a. Rs. 19,99,773 p.a.
18
Retirement Cash Flow Projections
Incomes
Rs. 9,00,000 p.a.

2035
Rs. 2,50,000 p.a.

2035 to 2037
Expenses
Retirement Living Expenses
Rs. 2,54,362 p.a.

2035 to 2057
Committed Savings

Rs. 39,000 p.a.

2035
Regular Savings
into Mutual Fund Savings/SIP Repayments
Rs. 60,000 p.a.
Regular Repayment
into Housing Loan
Rs. 1,90,297 p.a. Rs. 72,260 p.a.
Regular Repayment
into Car Loan
Retirement Cash Flow Statement

Year 2035 Incomes Rs. 35,32,252 Expenses Rs. 14,93,479 Committed Savings Rs. 39,000 Net Cash Flow Rs. 19,99,773
19
2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 2051 2052 2053 2054 2055 2056 2057
Rs. 8,06,275 Rs. 8,46,589 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0
Rs. 16,12,955 Rs. 17,41,991 Rs. 18,81,352 Rs. 20,31,861 Rs. 21,94,408 Rs. 23,69,959 Rs. 25,59,559 Rs. 27,64,321 Rs. 29,85,467 Rs. 32,24,304 Rs. 34,82,251 Rs. 37,60,828 Rs. 40,61,697 Rs. 43,86,631 Rs. 47,37,560 Rs. 51,16,566 Rs. 55,25,893 Rs. 59,67,966 Rs. 64,45,400 Rs. 69,61,035 Rs. 75,17,915 Rs. 81,19,349
Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0
Rs. 8,06,680Rs. 8,95,402Rs. 18,81,352Rs. 20,31,861Rs. 21,94,408Rs. 23,69,959Rs. 25,59,559Rs. 27,64,321Rs. 29,85,467Rs. 32,24,304Rs. 34,82,251Rs. 37,60,828Rs. 40,61,697Rs. 43,86,631Rs. 47,37,560Rs. 51,16,566Rs. 55,25,893Rs. 59,67,966Rs. 64,45,400Rs. 69,61,035Rs. 75,17,915Rs. 81,19,349-
Recommendations
20
Ankita -College Education Fund

You have indicated that the Ankita -College Education Fund goal is your number one priority. You currently have sufficient assets and savings available to fund your Education goal.
Current Goal Assumptions

The following table details the key assumptions used. Assumptions Goal Objective Number of years to reach goal Corpus Required (Today) Corpus Required (At start of goal) Amount required during goal period Inflation Rate Total Amount Funded Short fall % Goal funded Potential Funding Sources Rs. 2,00,000 every year from when Ankita Shukla is 17 (2022) for 4 years 10 Rs. 4,15,644 Rs. 15,39,360 Rs. 18,43,767 7.50 % Rs. 18,43,767 Rs. 0 100 %
Mutual Fund Savings/SIP. Amount used Rs. 13,31,685 Ramee's PPF A/C. Amount used Rs. 2,56,041 Insurance Premium. Amount used Rs. 2,56,041
21
Advice
You currently have sufficient assets and savings available to fund your Education goal. It is recommended that you: -
Review your Asset Allocation.
Action Plan
22
Anand- College Education Fund

You currently have sufficient assets and savings available to fund your Education goal.

The following table details the key assumptions used. Assumptions Goal Objective Number of years to reach goal Corpus Required (Today) Corpus Required (At start of goal) Amount required during goal period Inflation Rate Total Amount Funded Short fall % Goal funded Potential Funding Sources Rs. 2,00,000 every year from when Anand Shukla is 17 (2026) for 6 years 14 Rs. 4,94,516 Rs. 29,48,289 Rs. 39,87,752 7.50 % Rs. 39,87,753 Rs. 0 100 %
Ramee's PPF A/C. Amount used Rs. 88,274 Insurance Premium. Amount used Rs. 38,99,479
23
Advice
You currently have sufficient assets and savings available to fund your Education goal. It is recommended that you: -
Action Plan
24
Emergency Fund
You currently have sufficient assets and savings available to fund your Emergency Fund goal.

The following table details the key assumptions used. Assumptions Goal Objective Number of years to reach goal Corpus Required (Today) Corpus Required (At start of goal) Inflation Rate Total Amount Funded Short fall % Goal funded Potential Funding Sources Rs. 2,00,000 in 2012 0 Rs. 1,85,185 Rs. 2,00,000 3.00 % Rs. 2,00,000 Rs. 0 100 %
SBI A/c. Amount used Rs. 50,000 Mutual Fund Savings/SIP. Amount used Rs. 50,000 Equity PMS. Amount used Rs. 50,000 Fixed Deposit. Amount used Rs. 50,000
25
Advice
You currently have sufficient assets and savings available to fund your Emergency Fund goal. It is recommended that you: -
Action Plan
26
Second Home- Own Contribution

Your available savings and assets are not enough to fully fund the Asset Purchase goal with only 54.69% of the goal funded. This leave a shortfall of Rs. 7,12,988.

The following table details the key assumptions used. Assumptions Goal Objective Number of years to reach goal Corpus Required (Today) Corpus Required (At start of goal) Inflation Rate Total Amount Funded Short fall % Goal funded Potential Funding Sources Rs. 10,00,000 in 2016 4 Rs. 8,67,778 Rs. 15,73,519 12.00 % Rs. 8,60,531 Rs. 7,12,988 55 %
SBI A/c. Amount used Rs. 2,15,254 Mutual Fund Savings/SIP. Amount used Rs. 2,89,472 Equity PMS. Amount used Rs. 2,54,966 Fixed Deposit. Amount used Rs. 1,00,839
27
Advice
Your current gap in meeting your goal is Rs. 7,12,988. To fully fund your goal you will need to consider one of the following options: -
Option
Description
Option 1 Additional Lump Sum Investment: Set aside a lump sum of Rs. 4,42,906 this year. Option 2 Additional Regular Savings: Save an additional Rs. 1,22,416 per year starting this year. Option 3 Delay your goal. Delaying your goal by a few years gives you more time to save and take advantage of the effects of compounding interest. Option 4 Decrease the cost of your goal: If you cannot delay your goal you might then consider reducing the overall cost of your goal. Option 5 Review your Asset Allocation: You also might be able to review your asset allocation to a higher rate of return, however this will introduce more risk into your portfolio and should only be used for your long-term, no essential goals where you can afford to take the increased risk.
Action Plan
28
Ankita's Marriage Fund

Your available savings and assets are not enough to fully fund the Marriage goal with only 47.67% of the goal funded. This leave a shortfall of Rs. 13,41,955.

The following table details the key assumptions used. Assumptions Goal Objective Number of years to reach goal Corpus Required (Today) Corpus Required (At start of goal) Inflation Rate Total Amount Funded Short fall % Goal funded Potential Funding Sources Rs. 7,50,000 when Ankita Shukla is 24 (2029) 17 Rs. 3,71,434 Rs. 25,64,514 7.50 % Rs. 12,22,559 Rs. 13,41,955 48 %
Insurance Premium. Amount used Rs. 12,22,559
29
Advice
Option
Description
Option 1 Additional Lump Sum Investment: Set aside a lump sum of Rs. 2,09,913 this year. Option 2 Additional Regular Savings: Save an additional Rs. 29,611 per year starting this year. Option 3 Delay your goal. Delaying your goal by a few years gives you more time to save and take advantage of the effects of compounding interest. Option 4 Decrease the cost of your goal: If you cannot delay your goal you might then consider reducing the overall cost of your goal. Option 5 Review your Asset Allocation: You also might be able to review your asset allocation to a higher rate of return, however this will introduce more risk into your portfolio and should only be used for your long-term, no essential goals where you can afford to take the increased risk.
Action Plan
30
Anand's marriage Fund

Your available savings and assets are not enough to fully fund the Marriage goal with only 0.00% of the goal funded. This leave a shortfall of Rs. 24,54,460.

The following table details the key assumptions used. Assumptions Goal Objective Number of years to reach goal Corpus Required (Today) Corpus Required (At start of goal) Inflation Rate Total Amount Funded Short fall % Goal funded Potential Funding Sources Rs. 5,00,000 when Anand Shukla is 25 (2034) 22 Rs. 1,58,864 Rs. 24,54,461 7.50 % Rs. 1 Rs. 24,54,460 0%
Insurance Premium. Amount used Rs. 1
31
Advice
Option
Description
Option 1 Additional Lump Sum Investment: Set aside a lump sum of Rs. 1,78,944 this year. Option 2 Additional Regular Savings: Save an additional Rs. 24,158 per year starting this year. Option 3 Delay your goal. Delaying your goal by a few years gives you more time to save and take advantage of the effects of compounding interest. Option 4 Decrease the cost of your goal: If you cannot delay your goal you might then consider reducing the overall cost of your goal. Option 5 Review your Asset Allocation: You also might be able to review your asset allocation to a higher rate of return, however this will introduce more risk into your portfolio and should only be used for your long-term, no essential goals where you can afford to take the increased risk.
Action Plan
32
Vacation
Your savings and assets have been used up funding your higher priority goals.

The following table details the key assumptions used. Assumptions Goal Objective Number of years to reach goal Corpus Required (Today) Corpus Required (At start of goal) Amount required during goal period Inflation Rate Total Amount Funded Short fall % Goal funded Potential Funding Sources Rs. 1,50,000 every 3 years from 2013 until when Ramesh Shukla retires (2035) 1 Rs. 6,55,193 Rs. 8,31,294 Rs. 31,09,825 7.50 % Rs. 0 Rs. 31,09,824 0%
33
Advice
To achieve your goal you will need to consider one of the following options: -
Option
Description
Option 1 Additional Lump Sum Investment: Set aside a lump sum of Rs. 7,38,010 this year. Option 2 Additional Regular Savings: Save an additional Rs. 98,790 per year starting this year. Option 3 Delay your goal. Delaying your goal by a few years gives you more time to save and take advantage of the effects of compounding interest. Option 4 Decrease the cost of your goal: If you cannot delay your goal you might then consider reducing the overall cost of your goal.
Action Plan
34
Retirement - Living Expenses

Your available savings and assets are not enough to fully fund the Retirement - Living Expenses goal with only 18.29% of the goal funded. This leave a shortfall of Rs. 7,43,39,046.

The following table details the key assumptions used. Ramesh Shukla Retirement Age/Year Life Expectancy Goal Objective Number of years to reach goal Corpus Required (Today) Corpus Required (At start of goal) Amount required during goal period Total Amount Funded Short fall % Goal funded Potential Funding Sources 60 / 2035 80 / 2055 Ramee Shukla 60 / 2037 80 / 2057
Provide for living expenses during retirement 23 Rs. 12,93,823 Rs. 2,25,16,362 Rs. 9,09,81,747 Rs. 1,66,42,701 Rs. 7,43,39,046 18 %
Employee Provident Fund. Amount used Rs. 98,13,334 Mutual Fund Savings/SIP. Amount used Rs. 16,44,251 Net Salary Income Ramesh. Amount used Rs. 27,64,371 Business Income. Amount used Rs. 24,20,745
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36
Advice
Your current gap in meeting your goal is Rs. 7,43,39,046. To fully fund your goal you will need to consider one of the following options: -
Option
Description
Option 1 Additional Lump Sum Investment: Set aside a lump sum of Rs. 7,66,350 this year. Option 2 Additional Regular Savings: Save an additional Rs. 1,03,571 per year starting this year. Option 3 Delay your goal. Delaying your goal by a few years gives you more time to save and take advantage of the effects of compounding interest. Option 4 Decrease the cost of your goal: If you cannot delay your goal you might then consider reducing the overall cost of your goal. Option 5 Review your Asset Allocation: You also might be able to review your asset allocation to a higher rate of return, however this will introduce more risk into your portfolio and should only be used for your long-term, no essential goals where you can afford to take the increased risk.
Action Plan
37
Investment Asset Allocation

Do not put all your eggs into one basket Diversification over Asset Sectors. This maxim can be applied to both Asset Allocation and the underlying investments used in each of your Asset Sectors. It is beneficial to spread your investments over a range of assets. In different years often a different asset is the best-performing one. It is difficult to predict which Asset Sector will perform best in any given year. Trying to pick the best Assets Sector and knowing when to move to another is speculative. It is prudent to following a consistent plan which weights your exposure to a range of Asset Sectors in line with your Investor Profile. Historical analysis of each Asset Sectors behavior determines how much exposure you should have to each sector. Your Investor Profile has been aligned with a Strategic Asset Allocation (the long term view) and this can be modified by Tactical adjustments (what happening now). A mixture of Asset Sectors is more likely to maximize returns and minimize risk providing with you the best opportunity to reach your Goals. The past is not a guarantee of the future but it can be a guide. Diversification over / within Investments. Investment diversification within your Asset Sector compliments Asset Allocation. While a portfolio can be diversified over a range of Asset types it can also be diversified over the range of investments types. The intent is to reduce your exposure to the specific risk of one investment. The results from your risk profile assessment indicate that you are a Growth investor: Doyen Wealth Management Pvt. Ltd seeks to manage your portfolio within the criteria set and will seek to give you exposure to Funds that are performing in the top quartile and to adjust your assets allocation to meet current economic conditions whilst maintaining your Investment Profile. Most investments are medium to long-term. Fixed interest is medium to long-term. Fixed Interest Trusts 1-3 years; shares 5 years; property 5-7 years. Returns will always be dependent on current economic conditions and no absolute guarantee is possible. At each review you are confirming the strategy adopted as detailed above. If this is no longer appropriate you should notify your advisor.
Client Questionnaire
Cash Debt Gilt Property Equity International Equity Alternative Assets
Defensive Conservative Balanced Growth Aggressive

3.0% 52.0% 0.0% 25.0% 10.0% 0.0% 10.0% 3.0% 42.0% 0.0% 35.0% 15.0% 0.0% 5.0% 3.0% 32.0% 0.0% 30.0% 30.0% 0.0% 5.0% 3.0% 5.0% 0.0% 40.0% 50.0% 0.0% 2.0% 3.0% 5.0% 0.0% 50.0% 40.0% 0.0% 2.0%
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Asset Allocation - Grow th

Current Asset Allocation Recommended Growth Asset Allocation
Sector Cash Debt Gilt Property Equity
Current Percentage 3.6 % 13.7 % 0.0 % 70.5 % 8.3 % 0.0 % 4.0 %
Recommended Percentage 3.0 % 5.0 % 0.0 % 40.0 % 50.0 % 0.0 % 2.0 %
Difference -0.6 % -8.7 % 0.0 % -30.5 % 41.7 % 0.0 % -2.0 %
International Equity Alternative Assets
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The Risk vs Return Graph provides an indicative view of how your chosen Investor Profile relates to your current investments. Ideally, existing investments should be as close as possible to your Current Portfolio Assets marker in the above chart. There is no merit in taking more risk (Volatility) for no increased gain. In this way your assets allocation, as recommended by us, seeks to minimise risk and optimise returns. Notes on Risk: There are many forms of risk that have to be taken account of. For example:
Inflation Risk: If the inflation rate exceeds your after tax returns then you are going backwards! You are losing your buying power. This often happens to those who just remain in cash and / or fixed interest. Market Risk: An investment will participate in a particular investment sector e.g. Domestic Share Market and often, regardless of the actual holding, will experience the impact of market sentiment both positive and negative. This can be driven by either economic factors or human behavior and is often a combination of both. Some funds use technical investment tools to manage and this. Specific Risk: If funds are placed into an asset which is not diversified within itself then the outcome will be dependent on that one placements performance. Grouped Investment Funds / Mutual Funds seek to mitigate this by diversifying the risk. Currency Risk: If investments are held outside of the country in which you live and in which you intend to use these funds then differential in currencies can have significant impact on the purchasing power of your portfolio. Hedging strategies are a way of managing this. Default Risk: This occurs when the issuer of a security is unable to repay a loan. Research Houses / Rating Agencies seek to quantify the probability of this happening. Sector Risk: There are times when one sector is depressed while the others are buoyant. Diversification over different asset classes seeks to mitigate this. Duration Risk: Locking into a long term investment based on current economic assumptions when these assumptions can change. E.G Locking into a low interest rate Fixed Interest Security for 10 years means the value of the Bond, if tradable, will go down if not held to maturity if interest rates rise. In addition there is the missed opportunity of higher rates in the future. Few can see 10 years ahead!
A well designed portfolio will address all of these issues No Pilot tales off without a pre-flight check!
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Insurance
Insurance is the process of reimbursing or protecting you from contingent risk of losses through financial means, in return for relatively small, regular payments to an insurance company. The alternative is for you to have sufficient resources to cover the loss and self insure. If you have dependants that rely on your income then they are at risk if your income stops through either death or sickness. You may have a significant health event which requires a high medical cost to treat. Health Insurance may be able to mitigate the cost. If you do not have the substantial funds required to self insure you may fund your savings for future Goals robbed. Insurance compliments good cash flow management as a tool for preserving your wealth. Do remember: Insurance will only cover events that do not exist at the time of purchasing insurance. It covers the unknown only. You should never replace insurance unless you have the replacement in place. Life Insurance. If someone is dependent on you then you may need insurance. You may be the major income earner and in a business situation you may be a Key Person without whose contribution the income from the company would be diminish. Income Protection Insurance. For most people the ability to earn is their greatest asset. If you total your lifetime salary over it is not an insignificant amount. There are a variety of ways to protect your ability to earn with Insurance products. Some can provide a partial replacement of Income while others can provide a lump sum related to defined health events. Health Insurance. Health Insurance means that medical issues can be attended to quickly without a large expense or depletion your savings.
Life Insurance Analysis Summary

Cover Required Current Cover Rs. 35,00,000 % Covered Difference
Life Insurance Ramesh Shukla Life Insurance Ramee Shukla
Rs. 85,81,828
41% Shortfall of Rs. 50,81,828
Rs. 24,00,609
Rs. 2,00,000
8% Shortfall of Rs. 22,00,609
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Life Insurance Analysis for Ramesh Shukla

Current Life Insurance Situation
The following table details the key assumptions used. Immediate Cash Needs Total Immediate Cash Needs: Replacement Income Rs. 0
Income of Rs. 7,50,000 for 15 years

Total Replacement Income: Debt Repayment
Rs. 72,01,828 Rs. 72,01,828
Housing Loan Car Loan

Total Liabilities: Surplus Assets Total Surplus Assets: Total Needs: Total estimated coverage required:
Rs. 12,00,000 Rs. 1,80,000 Rs. 13,80,000
Rs. 0 Rs. 85,81,828 Rs. 85,81,828
Existing Life Insurance Policies
Life Insurance
Rs. 35,00,000 Total Existing Life Insurance Cover: Rs. 35,00,000
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Advice
You currently do not have enough existing life insurance cover for Ramesh Shukla with only 41% of the life insurance needs funded. This leaves a shortfall of Rs. 50,81,828 worth of cover.
Action Plan
44
Life Insurance Analysis for Ramee Shukla

Current Life Insurance Situation
The following table details the key assumptions used. Immediate Cash Needs Total Immediate Cash Needs: Replacement Income Rs. 0
Income of Rs. 2,50,000 for 15 years

Total Replacement Income: Debt Repayment Total Liabilities: Surplus Assets Total Surplus Assets: Total Needs: Total estimated coverage required:
Rs. 24,00,609 Rs. 24,00,609
Rs. 0
Rs. 0 Rs. 24,00,609 Rs. 24,00,609
Existing Life Insurance Policies
Life Insurance
Total Existing Life Insurance Cover:
Rs. 2,00,000 Rs. 2,00,000
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Advice
You currently do not have enough existing life insurance cover for Ramee Shukla with only 8% of the life insurance needs funded. This leaves a shortfall of Rs. 22,00,609 worth of cover.
Action Plan
46
Appendix 1: Glossary of Terms used in Financial Plannin g

Asset Allocation Asset Allocation is the process of selecting amongst asset classes such as equity debt gilt property and gold. A large part of financial planning consists of finding an asset allocation that is appropriate for a given person in terms of their appetite for and ability to shoulder risk Compounding The effect of compounding depends on the frequency with which interest is compounded and the periodic interest rate which is applied. Therefore, in order to define accurately the amount to be paid under a legal contract with interest, the frequency of compounding (yearly, half-yearly, quarterly, monthly, daily, etc.) and the interest rate must be specified Goals There are many types of financial goals. Here are some of more common goals for everyday parlance 1. 2. 3. 4. 5. Get out of debt I will completely eliminate my debt in 3 years. Saving for retirement I will save for my retirement years. Saving for college education I will save for college education for my son Saving for a House Purchase I will save for down payment on my first home. Saving for a down payment for your car I will save for down payment on my new car.
After you set your goals, the next step is to prioritize them. Although its nice to be able to accomplish them all, sometimes that is simply not possible. You may have to make some changes and accept some compromise. After your goals are prioritized, the next step is to review them and identify actions you should take to accomplish each goal. Diversification Portfolio diversification is the means by which investors minimize or eliminate their exposure to company-specific risk, minimize or reduce systematic risk and moderate the short-term effects of individual asset class performance on portfolio value.
Well-conceived portfolio diversification will result in the construction a well-diversified portfolio that will serve you well in achieving your long-term investment goals. And defining an investment universe that is sufficiently broad to ensure that the highest level of diversification consistent with your risk tolerance can be achieved is the single most important step in constructing your portfolio. Inflation Inflation, a universal concept, is an economy-wide sustained trend of increasing prices from one year to the next. The rate of inflation is important as it represents the rate at which the real value of an investment is eroded and the loss in spending power over time. Inflation also tells investors exactly how much of a return (%) their investments need to make for them to maintain their standard of living. Insurance Traditionally, Life insurance has always been a way to protect your survivors and dependents against financial hardship. Simply put, Life insurance offers financial protection to you and your loved ones when you retire, die or are unable to continue providing financially due to unforeseen incidents. While nothing can substitute your loss, insurance at least takes care of the financial gap created by your absence or the absence of an active income source. It thus tries to eliminate risk by substituting certainty for uncertainty However Life Insurance has evolved over time. Today it is a smart savings and investment option and can offer market linked returns. With the right life insurance policy you can be assured of maintaining your standard of living and even improve it. You can plan for your aspirations and time your policies to get you a lump sum amount just when you need it or you can simply make your money grow for the rainy day. It can help you meet your
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childs educational needs, their marriage expenses or for purchasing that dream home that youve always wanted. Monte Carlo Risk is part of all investments. Monte Carlo simulation allows for better decision making under uncertainty. Monte Carlo simulation performs risk analysis by building models of possible results by substituting a range of valuesa probability distributionfor any factor that has inherent uncertainty. It then calculates results over and over, each time using a different set of random values from the probability functions. Depending upon the number of uncertainties and the ranges specified for them, a Monte Carlo simulation could involve thousands or tens of thousands of recalculations before it is complete. Monte Carlo simulation produces distributions of possible outcome values. By using probability distributions, variables can have different probabilities of different outcomes occurring. Probability distributions are a much more realistic way of describing uncertainty in variables of a risk analysis Risk Profiler Risk profiling can help you make decisions that are suitable to you, as it is a method of measuring personal tolerance to investment risk. In simple terms, how much risk an individual is willing to make, or not make. Risk tolerance can be seen as the sum of all the fear/greed trade-offs available. Once we have obtained your investor profile, we then examine the most suitable strategy. Once we have decided on the strategy we then look at the investment options available to you. This process results in your funds being invested across many investment sectors so that they are fully diversified as to your wishes and also your tolerance levels. Net Worth The Net Worth Statement tells you what you're worth financially. Use it to list all your assets and liabilities (your debts and expenses) and then subtract the sum of your liabilities from your total assets. When completing your net worth information, use a specific date -- perhaps the end of a calendar quarter or the end of the year -- so you can use the same date to recalculate it annually. Remember, the higher your net worth, the better. A low or negative net worth tells you that you'll need to work on your Cash Flow statement to find ways of increasing your savings. The goal is to have a greater net worth each year. (As you build your assets, carefully evaluate the appropriateness of protecting them with life insurance.)
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Appendix 2: Disclaimer / Disclosure Statement

The recommended products and strategies in this Goal Based Plan have prepared especially for you. These recommendations given here flow out of an analysis of your Investor Profile and your Goals and Objectives as presented to us. In addition, it is important to be aware of the following:
All market linked investment returns will reflect the performance of the underlying assets of the products you have chosen and will go up and down with the value of the products assets. With all international investments you are exposed to the added risk of currency fluctuations. Most Investments are medium to long term and the minimum investment term must be considered before making an investment (Fixed Interest Trusts 1-3 years; Shares 5 years; Property 5-7 years. Any report product information goods services or advice ("advice") given to you has been prepared from the information supplied to us from you. Any decisions made by you in reliance upon or in relation to such advice are to be made by you and not by us. You are therefore exclusively responsible for all acts and decisions in making any decisions in reliance on any advice or materials supplied to us by you. Any calculated projections or any predictions given by us to you are not guaranteed and are merely an expression of opinion only and are not intended for other than illustration purposes only.
Whilst every care has been exercised and the advice and the statements made are based on information believed to be accurate that no liability is accepted by us or our employees or officers or outside suppliers of information for any error or omission contained herein. It is strongly recommended that this qualification be borne in mind when making any decisions in reliance upon any of the advice contained herein. You are exclusively responsible for all such decisions. Further, our responsibility in connection with any materials or advice given by us to you is supplied to you alone and neither we nor our employees either directly or indirectly accept any responsibility howsoever arising on any grounds whatsoever to any other party.
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Financial Planning Demo Report

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Demo Financial Planning For Shukla Family

Prepared for Mr R K Shukla & Mrs R R Shukla Advisor: Manoj Vaidya

Demo Financial Planning For Shukla Family | 6 August 2012

Demo Financial Planning For Shukla Family | 6 August 2012

Demo Financial Planning For Shukla Family | 6 August 2012

Demo Financial Planning For Shukla Family | 6 August 2012

Introduction : Wealth Management / Financial Planning

Demo Financial Planning For Shukla Family | 6 August 2012

Ph(hm) Ph(wk) Email Ph(hm) Ph(wk) Email Ph(hm) Ph(wk) Email

Mrs Ramee Ramesh Shukla

DOB Ph(hm) Ph(wk) Email

Contact Type Name: Address:

Daughter Miss Ankita Ramesh Shulka

DOB Ph(hm) Ph(wk) Email

Your Net Worth

Net Worth Anals ys

Demo Financial Planning For Shukla Family | 6 August 2012

Housing Loan Car Loan

Asset and Liability Breakdow n Charts

Demo Financial Planning For Shukla Family | 6 August 2012

Demo Financial Planning For Shukla Family | 6 August 2012

Cash Flow Management

Income and Expenditure Statement for Current Year

Net Salary Income Ramesh Business Income

Rs. 9,00,000 p.a. Rs. 2,50,000 p.a. Rs. 11,50,000 p.a.

Demo Financial Planning For Shukla Family | 6 August 2012

Rs. 12,000 p.a.

NGO donation Total Discretionary Expenses:

Rs. 3,000 p.a. Rs. 1,05,000 p.a.

EPF Contribution By Ramesh

Total Income: Total Expenses: Net Cash Flow:

Rs. 11,50,000 p.a. Rs. 9,47,707 p.a. Rs. 2,02,293 p.a.

Demo Financial Planning For Shukla Family | 6 August 2012

Demo Financial Planning For Shukla Family | 6 August 2012

Cash Flow Projections

Net Salary Income Ramesh Business Income

Rs. 9,00,000 p.a.

Rs. 2,50,000 p.a.

Demo Financial Planning For Shukla Family | 6 August 2012

Current Living Expenses

Rs. 4,01,150 p.a.

EPF Contribution By Ramesh

Rs. 39,000 p.a.

Rs. 60,000 p.a.

Rs. 1,85,000 p.a.

Rs. 1,90,297 p.a.

Rs. 72,260 p.a.

Annual Cash Flow Statement

Demo Financial Planning For Shukla Family | 6 August 2012

Cash Flow Surplus

Demo Financial Planning For Shukla Family | 6 August 2012

Value of Invested Surplus

Rs. 1,61,66,769 Rs. 1,73,10,952

Demo Financial Planning For Shukla Family | 6 August 2012

Retirement Cash Flow Expenses

Retirement Cash Flow - First Year Of Retirement

Net Salary Income Ramesh Business Income

Rs. 27,64,371 p.a. Rs. 7,67,881 p.a. Rs. 35,32,252 p.a.

Demo Financial Planning For Shukla Family | 6 August 2012

EPF Contribution By Ramesh

Rs. 39,000 p.a. Rs. 39,000 p.a.

Rs. 35,32,252 p.a.

Total Expenses: Net Cash Flow: Recommendations

Rs. 15,32,479 p.a. Rs. 19,99,773 p.a.