Wealth Management

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Wealth Management:

Wealth Management Wealth accumulation Wealth preservation Wealth transfer Tax minimization

Financial Planning process:

Financial Planning process Establishing and defining the client planner relationship Gathering client data including goals Analyzing and evaluating your financial status Developing and presenting financial planning recommendations Monitoring the financial planning recommendations


conditions Set measurable financial goals Understand the effect of each financial decision Re-evaluate your financial situation periodically Start planning at early age Be realistic in your expectations

Public Provident Fund:

Public Provident Fund Scheme introduced by central Govt in 1968 It enables to make contribution to the fund and make obtain income tax rebate under relevant provisions of the income tax act Eligibility: Individuals Individuals on behalf of minor


PPF Minimum/Maximum investment w.e.f 01.12.2011: Minimum Rs 500 per annum in multiples of Rs 5 Maximum Rs 1 lac per annum Duration 15 years Can be extended for one more block of 5 years

PowerPoint Presentation:

Account can be discontinued but repayment of subscriptions along with interest only after 15 years Loan upto 25% of balance at the end of first financial year from third to sixth year. Second loan can be taken on full payment of first loan. Only one withdrawal allowed during any one year from sixth year. Withdrawal limited to 50% of the balance at the credit

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The account extended beyond 15 years; partial withdrawal allowed up to 60% of the balance to the credit at the commencement of the extended period. Benefit available u/s 88 of the I.T. Act. Interest totally exempt from Income Tax. Amount standing to the credit is fully exempted from Wealth Tax.

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Subscription in one or more  maximum 12 instalments Nomination available in the name of one or more persons. Nominee can not continue account of the deceased subscriber in his/ her own name. Premature closure of a PPF account on grounds of genuine hardship could be considered only after the expiry of five years from the end of the year in which the account was  opened.


PPF Discontinued account can be revived on payment of Rs.50/- per year along with arrears of subscription of Rs.500/- per The subscriber may discontinue his account anytime after joining the fund.  The repayment of the subscription with interest will be made only after 15 years form the end of the financial year in which the account was opened.

Mutual Fund:

Mutual Fund A mutual fund is a company that pools money from many investors and invests the money in stocks, bonds, money market instruments and other securities The combined holding the mutual fund owns are known as its portfolio Each share represents an investor’s proportionate ownership of the fund’s holding


Advantages UTI was the first mutual fund established in the year 1964 Professional management Diversification Affordability Liquidity Security


Disadvantages Various costs like sales charges, annual fees, and other expenses even if there is negative return Lack of control of investors Price uncertainty

Different types of mutual funds:

Different types of mutual funds Open ended schemes: these schemes are available for subscription all the year around. They may not have a specified redemption period Closed ended schemes: these are open for subscription only during a specified period. Normally, the redemption is also specified

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Income funds Growth funds Balanced funds Sector funds

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Income fund is established to maximise the current income, i.e interest and dividend to the investors Growth funds focus on stocks that may not pay a regular dividend, but have the potential for large capital gains over a period of time Balanced funds: where assets are a judicious mixture of stocks and bonds

Important features:

Important features Expense ratio: the fund’s total annual operating expenses including management fees, distribution fees, expressed as a percentage of average net asset Front end load: an upfront sales charge investors pay, when they purchase fund shares Back end load: a sales charge, investors pay when they redeem mutual fund shares

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