Complete Financial Planning

Mr. / Mrs. / Ms. Mr Amit Kumar (Sample Financial Plan) & Family

Planning For All Stages Of Life

Financial Planning Presented By : Fortunelife Wealth Management Solutions Private Limited

Financial Planner Mr. / Mrs : Sanjay Sharma

Mobile Number: 98112 82212

Email ID: [email protected], [email protected]

Website: www.fortunelife.co.in, www.sanjay-sharma.com

Address: C 42 East of Kailash

New Delhi - 110065 . ( INDIA )

Achievements : 21 years of rich experience in Personal Finance Management

Spl. Qualities. : Personal CFO Services & Goal Based Financial Planning
Customer Base. : Managing Combined Financial Risk Portfolio of 417 Crores
Business Spread. : Serving Clients In USA, UK ,Middle East , Australia & more
Experience : Expert in Claim Handling & Big Risk Cover Plans of 25 crores & more
 Wednesday, September 16, 2020

Today's Date
Yourself

Name Mr Amit Kumar (Sample Financial Plan)

Date of Birth (dd/mm/yyyy) 26/04/1985 AGE 35

Marital Status Married

Residential Address 765, Model Town

gurgaon Sector - 67 , Harayan - 201301. INDIA

Preferred Contact Number 9876543210 Other Contact Number 0

Personal Email ID [email protected]

Occupation Enterpreneur Annual Income Range Rs. 40 to 50 lakhs

What % of your combined (household) income are you currently setting aside to meet
15%
your financial Goals?

In addition to above What % of your combined (household) income are you prepared to
10%
set aside to meet your financial Goals?
Date of Birth
Relationship Name of Dependants Age
(dd/mm/yyyy)
Father Shri M M Kumar 15/02/1955 66

Mother Smt Santosh Kumar 22/10/1958 62

Spouse Mrs Jyoti Kumar 31/12/1988 32

Child 1st Mst Swastik Kumar 26/07/2015 5

Child 2nd Baby Riddhi Kumar 03/09/2018 2

Child 3rd 0 00/01/1900 121

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

Rank
1 Income Replacement Priority
Maintaining your family’s standard of living even if you are no longer around 1

2 Health Planning Priority

Protecting you and your family against the financial consequences of serious illnesses 2

3 Retirement Funding Priority

Enjoying the standard of living that you want, when you decide to retire 3

4 Wealth Enhancement Priority

Planning and achieving the most the appropriate investment choice for existing capital 4

5 Long & Medium Term Goals Priority

Having a planned and systematic method of accumulating wealth over the medium to long term 5

6 Education Funding Priority

Ensuring sufficent funds are available to meet increasing costs of educating your children 6

7 Marriage Funding Priority

Accumulating Sufficient funds to celebrate dream marriage of Children 7

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

Investment Risk Profile

Kindly tick the answer to the following questions

1. RISK TOLERANCE
How would you describe your risk profile?

a) I prefer less risky investments so that my principal capital can be safe & Secure. 1
b) I prefer a balanced portfolio of high- and low-risk investments. 2
c) I am comfortable with a part of my assets in higher risk investments for potentially higher returns. 3
d) I am comfortable with high-risk investments to maximize potential returns. 4

2. VOLATILITY CAPACITY
How would you react to a 30% drop in your wealth in a year?
a) I would immediately change to a more conservative approach. 1
b) I would hold for 3 months before making change in my portfolio. 2
c) I would hold for 1 year before making a change in my portfolio. 3
d) I would hold on / Add investment into my portfolio. 4

3. INVESTMENT TIME HORIZON

Based on your investment objectives, how long do you intend to stay invested?

a) Less than 3 years. 1

b) 3 to 5 years. 2
c) 6 to 10 years. 3
d) Longer than 10 years. 4

4. EXPECTED RATE OF RETURN

What is your expected rate of return on investment? (Higher the potential return, Higher the potential risk)
a) 5% - 7% (Safe & Secure) 1
b) 8% - 10% (Balanced) 2
c) 11% - 13% (Moderate Risk) 3
d) more than 13% (High Risk) 4

5. INVESTMENT EXPERIENCE
How familiar & experienced are you with investments?
a) Not familiar - with little knowledge & experience in investments. 1
b) Quite familiar - with some knowledge & experience in investments. 2
c) Familiar - knowledge acquired from years of experience in investments. 3
d) Very familiar - knowledgeable and experienced in investments. 4

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

11-14
8-10 15-17
Moderate
Low High
5-7 18-20
Lower Higher

LOW HIGH

You are a growth style investor who understands the movement of investment markets. You are most
interested in maximising long term capital growth, although you do not wish to make unbalanced
investment decisions. You are happy to sacrifice short term safety in order to maximise long term
capital growth.

4
Risk Profile Categorisation

Score Risk Type Suggested Asset Allocation

5-7 Conservative Low Risk Investor Equity 20%, Bond 60%, Cash & Bank 20%
8-10 Low to Moderate Risk Investor Equity 40%, Bond 50%, Cash & Bank 10%
11-14 Moderate Risk Investor Equity 55%, Bond 40%, Cash & Bank 5%
15-17 Moderate to High Risk Investor Equity 70%, Bond 25%, Cash & Bank 5%
18-20 High Risk Investor Equity 90%, Bond 5%, Cash & Bank 5%

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

.
Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

Income (post-tax) (for next 12 months)

Yearly Source of Income
Sr. Write Name of Total Income from
Bonus / Business/
No. Family Member Salary / Pension Property Rent Interest Other Income all Sources (in Rs.)
Incentive Profession
1 Mr Amit Kumar (Sample
Rs. Financial Plan) 0 Rs. 0 Rs. 5,000,000 Rs. 1,200,000 Rs. 0 Rs. 600,000 Rs. 6,800,000
2 Mrs Jyoti Kumar Rs. 600,000 Rs. 200,000 Rs. 0 Rs. 600,000 Rs. 0 Rs. 0 Rs. 1,400,000
3 Mst Swastik Kumar Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0
4 Baby Riddhi Kumar Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0 Rs. 0
TOTAL Rs. 600,000 Rs. 200,000 Rs. 5,000,000 Rs. 1,800,000 Rs. 0 Rs. 600,000 Rs. 8,200,000

Mr Amit Kumar (Sample Financial Plan) Mrs Jyoti Kumar

5,000,000 600,000 600,000
5,000,000 600,000
4,500,000
4,000,000 500,000
3,500,000
400,000
3,000,000
2,500,000 300,000
200,000
2,000,000
1,200,000 200,000
1,500,000
1,000,000 600,000
100,000
500,000 0 0 0 0 0 0
0 0
Salary / Bonus / Business/ Property Interest Other Salary / Bonus / Business/ Property Interest Other
Pension Incentive Profession Rent Income Pension Incentive Profession Rent Income

Mst Swastik Kumar Baby Riddhi Kumar

1 1
1 1
1 1
1 1
1 1
1 1
0 0
0 0
0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0
Salary / Bonus / Business/ Property Interest Other Salary / Bonus / Business/ Property Interest Other
Pension Incentive Profession Rent Income Pension Incentive Profession Rent Income

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

1. Why is Education Funding important to you?

2. This funding plan is for the Education of Mst Swastik Kumar who will attend
Name of child
university in 13 year, to study to become a Software Professional
Dream Profession
3. Where will you want Mst Swastik Kumar to study?
Name of child
India / Abroad
Private/Govermment : Private
Name of Institute : -
Annual Cost - Fee (Current Costs) : Rs. 1,000,000
University Programme Duration : 4 years
Total
4. Total course Fee 4 Years x Rs. 1,000,000 Cost per year Rs. 4,000,000

5. Accommodation Costs 4 Years x Rs. 200,000 Cost per year Rs. 800,000

6. Home Trips 8 Trips x Rs. 40,000 Cost per trip Rs. 320,000

7. Parental Visits 4 Trips x Rs. 60,000 Cost per trip Rs. 240,000

8. Graduation Visit 1 Trip x Rs. 0 Cost per trip Rs. 0

9. Other Living Expenses 4 Years x Rs. 0 Cost per year Rs. 0

10. Grand Total Rs. 5,360,000

11. Projected inflation rate @ 6% x 13 no. of years to University. 2.13

12. Total Funds requried for higher education. A Rs. 11,432,495

13. Existing funds available Rs. 100,000

14. Projected rate of return @ 9% x 13 no. of years to University. 3.07

15. Future value of existing funds B Rs. 306,580

16. Future Value of Any Fund to be Received for Funding the Education Rs. 500,000

17. Addtional amount required for Education Funding of Mst Swastik Kumar A-B Rs. 10,625,915
(Name of Child)

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

1. Why is Education Funding important to you? for a better future

2. This funding plan is for the Education of Baby Riddhi Kumar who will attend
Name of child
university in 17 year, to study to become a MBA
Dream Profession
3. Where will you want Baby Riddhi Kumar to study?
Name of child
India / Abroad
Private/Govermment : Seni Government
Name of Institute : IIM / Similar
Annual Cost - Fee (Current Costs) : Rs. 1,000,000
University Programme Duration : 3 years
Total
4. Total course Fee 3 Years x Rs. 1,000,000 Cost per year Rs. 3,000,000

5. Accommodation Costs 3 Years x Rs. 150,000 Cost per year Rs. 450,000

6. Home Trips 6 Trips x Rs. 40,000 Cost per trip Rs. 240,000

7. Parental Visits 3 Trips x Rs. 50,000 Cost per trip Rs. 150,000

8. Graduation Visit 1 Trip x Rs. 0 Cost per trip Rs. 0

9. Other Living Expenses 3 Years x Rs. 0 Cost per year Rs. 0

10. Grand Total Rs. 3,840,000

11. Projected inflation rate @ 7% x 17 no. of years to University. 3.16

12. Total Funds requried for higher education. A Rs. 12,129,850

13. Existing funds available Rs. 200,000

14. Projected rate of return @ 9% x 17 no. of years to University. 4.33

15. Future value of existing funds B Rs. 865,527

16. Future Value of Any Fund to be Received for Funding the Education Rs. 0

17. Addtional amount required for Education Funding of Baby Riddhi Kumar A-B Rs. 11,264,324
(Name of Child)

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

1. Why is Education Funding important to you?

2. This funding plan is for the Education of 0 who will attend

Name of child
university in 0 year, to study to become a 0
Dream Profession
3. Where will you want 0 to study?
Name of child
India / Abroad
Private/Govermment :
Name of Institute : -
Annual Cost - Fee (Current Costs) : Rs. 0
University Programme Duration : 0 years
Total
4. Total course Fee 0 Years x Rs. 0 Cost per year Rs. 0

5. Accommodation Costs 0 Years x Rs. 0 Cost per year Rs. 0

6. Home Trips 0 Trips x Rs. 0 Cost per trip Rs. 0

7. Parental Visits 0 Trips x Rs. 0 Cost per trip Rs. 0

8. Graduation Visit 1 Trip x Rs. 0 Cost per trip Rs. 0

9. Other Living Expenses 0 Years x Rs. 0 Cost per year Rs. 0

10. Grand Total Rs. 0

11. Projected inflation rate @ 0% x 0 no. of years to University. 1.00

12. Total Funds requried for higher education A Rs. 0

13. Existing funds available Rs. 0

14. Projected rate of return @ 0% x 0 no. of years to University. 1.00

15. Future value of existing funds B Rs. 0

16. Future Value of Any Fund to be Received for Funding the Education Rs. 0

17. Addtional amount required for Education Funding of 0 A-B Rs. 0

(Name of Child)

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

1. Why is Wealth Accumulation important to you?

life style

2. Most people have dreams and aspirations for themselves and their families. What do you want to achieve with
Wealth Accumulation?
Present Value of Goals
Goals / Aspirations Years
Medium Term (5 - 10 years) Long Term ( 10 - 25 Years )
a) Dream home Rs. 0 0

b) The New car Rs. 1,500,000 3

c) Start a business Rs. 0 0

d) Other world tour Rs. 2,000,000 5

Home Car Business world tour

Inflation % of Goals 0% 7% 0% 7%

Investment Returns % 0% 9% 0% 9%

Total of Financial needs @

Rs. 0 Rs. 1,837,565 Rs. 0 Rs. 2,805,103
future value

Existing funds available Rs. 0 Rs. 100,000 Rs. 0 Rs. 0

Future value of existing funds Rs. 0 Rs. 129,503 Rs. 0 Rs. 0

Additional amount required Rs. 0 Rs. 1,708,062 Rs. 0 Rs. 2,805,103

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

1. Why is protecting against the financial consequences of serious illness or Disability important to you?
health is wealth

Income

2. Impaired health might result in the total loss of income, how much income do you & your family need
Rs. 1,800,000
each year?

3. For how many years would you want this income to be available? 5

4. What Yearly income is available to you from any source if you were to suffer from serious illness? Rs. 1,000,000

5. The shortfall / excess in income per year Rs. 800,000

6. What investment rate would you expect on average to receive in the future? 9.00%

7. Expected inflation rate 7.00%

8. Capital required to replace your income. A Rs. 3,846,183

9. Additional Buffer Fund in Medical Emergency. B Rs. 1,000,000

10. Total funds required in the event of impaired health A+B Rs. 4,846,183

11. Existing funds available? (including existing Mediclaim plans or arrangements) Rs. 1,500,000

12. Amount required in the event of Impaired Health Rs. 3,346,183

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

1. Why Income Replacement is most important to you?

Income
2. How much yearly income family need in absence of bread winner? Rs. 2,400,000

3. For how many years family need above income? 20 years

4. What yearly income you generate without your own efforts. i.e. rent, interest, dividend, royalty, Rs. 500,000

5. The shortfall / excess in income per year Rs. 1,900,000

6. What investment rate would you expect on average to receive in the future? 9%

7. Expected inflation rate 7%

8. Capital required to replace your income. A Rs. 31,689,078

Capital
9. Are there any additional capital requirements to consider?
a) Final expenses Rs. 300,000
b) Adjustment Funds (eg. to hire a tutor and/or domestic helper to allow non working spouse to re-enter workforce etc) Rs. 0
c) Personal debts Rs. 2,500,000

d) Home loan to be taken care by Insurance? Rs. 1,500,000

e) Children’s Education Fund Rs. 4,000,000

f) Lump Sum Children's Marriage Fund. Rs. 0
g) Others (eg. legacy, business loan, car loan etc.) Rs. 0

10. Total Capital Needs B Rs. 8,300,000

11. Total funds required to replace your income C = (A + B) Rs. 39,989,078

12. Existing available funds to be used for Income replacement.
a) Any existing funds available for family safety. Rs. 1,000,000
D Rs. 18,500,000
b) Liquid assets to dispose of in emergency. Rs. 0
c) Existing Life Insurance - Self Rs. 17,500,000
d) Existing Life Insurance - Spouse Rs. 2,000,000
13. Amount required for Income Replacement C - D Rs. 21,489,078
* Are your other funds / Assets Can easily be liquidated?
* will market value of house be intact?

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

1. What is it about Retirement Funding that is most important to you?

most important

* How much Mly Pension will you get after your retirement? 0

2. Your current age? Mr Amit Kumar (Sample Financial Plan) 35 years

3. At what age do you want to retire? 60 years

4. You need to work towards your retirement plan. 25 years

5. Life Expectancy Age? 85 Years

6. If you retire today, what MONTHLY income would you want to have? ( For Survival of self & Spouse Only ) Rs. 100,000

7. Your unearned, regular yearly Income Rs. 600000

8. Expected growth of your yearly Unearned Income 5%

9. Your required annual income if you retire today. ( For Survival of self & Spouse Only ) Rs. 1,200,000

10. What is a reasonable rate of inflation you would expect from now until your retirement? 7%

11. At your retirement age, your annual retirement income will need to be Rs. 6,343,788

12. From your target retirement age, for how long do you want the annual retirement income to be 25 years
available? (eg. 20 or 25 or 30 years)

13. Amount of Gift to family Members Or society on final Departure Rs. 2,500,000

14.What investment rate would you be comfortable to use ? 800%

15.The capital fund required to achieve your desired annual income at retirement would be A Rs. 4,898,734

16. Existing funds available Only for Retirement Purpose

- Existing PF Fund /PPF Rs. 1,400,000 in 25 years @ 7% Rs. 7,401,086

- Yearly PF Contribution /PPF Rs. 848,000 in 25 years @ 7% Rs. 55,562,708

- Existing Pension fund Rs. 0 in 25 years @ 0% Rs. 0

- Yearly Pension Fund Contribution Rs. 0 in 25 years @ 0% Rs. 0

- Any other Yearly Investment for Retirement Rs. 0 in 25 years @ 0% Rs. 0

- Other Investment Fund kept for Retirement

Rs. 0 in 25 years @ 0% Rs. 0
purpose

17.Total of Existing funds would be available for retirement ( at Future Value ) B Rs. 62,963,795

18.Future Value of Any Fund to be Received at Retirement (Policy Money, Or Any Other) C Rs. 2,500,000

19.Additional amount required for Planned Retirement. A-B-C Rs. -60,565,061

Your Current monthly contribution for Retirement i.e Mly PF, Mly Pension Fund Contribution etc. Rs. 0

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

1. What is it about Retirement Funding that is most important to you?

* How much Mly Pension will you get after your retirement? 25000
2. Current age of Spouse? Mrs Jyoti Kumar 32 years

3. At what age do you want to retire? 60 years

4. You need to work towards your retirement plan. 28 years

5. Life Expectancy Age? 85 Years

6. If you retire today, what MONTHLY income would you want to have? ( For Survival of self & Spouse Only ) Rs. 100,000

7. Your unearned, regular yearly Income Rs. 600000

8. Expected growth of your yearly Unearned Income 5%

9. Your required annual income if you retire today. ( For Survival of self & Spouse Only ) Rs. 1,200,000

10. What is a reasonable rate of inflation you would expect from now until your retirement? 7.00%

11. At your retirement age, your annual retirement income will need to be. Rs. 8,136,089

12. From your target retirement age, for how long do you want the annual retirement income to be 25 years
available? (eg. 20 or 25 or 30 years)

13. Amount of Gift to family Members Or society on final Departure Rs. 0

14.What investment rate would you be comfortable to use. 9.00%

15.The capital fund required to achieve your desired annual income at retirement would be A Rs. 114,517,498

16. Existing funds available Only for Retirement Purpose.

- Existing PF Fund /PPF Rs. 600,000 in 28 years @ 7% Rs. 4,068,044

- Yearly PF Contribution /PPF Rs. 0 in 28 years @ 0% Rs. 0

- Existing Pension fund Rs. 0 in 28 years @ 0% Rs. 0

- Yearly Pension Fund Contribution Rs. 0 in 28 years @ 0% Rs. 0

- Any other Yearly Investment for

Rs. 0 28 years @ 0% Rs. 0
Retirement in

- Other Investment Fund kept for

Rs. 500,000 in 28 years @ 800% Rs. ################
Retirement purpose

17.Total of Existing funds would be available for retirement ( at future Value ) B Rs. ################

15.Future Value of Any Fund to be Received at Retirement (Policy Money, Or Any Other) C Rs. 0

16.Additional amount required for Retirement Fund A-B-C Rs. ################

Spouse's Current monthly contribution for Retirement i.e Mly PF, Mly Pension Fund Contribution etc. Rs. 10,000

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

1. Why is Marriage Funding important to you?

2. This funding plan is for the Marriage of Mst Swastik Kumar

Name of child
Marriage Celebration after 20 Years.

Present Marriage Budget ( Approximate estimation )

❶ House Renovation Rs. 2,500,000

❷ GOLD & Ornaments Rs. 2,000,000

❸ Banquet & Decoration Rs. 1,000,000

❹ Honeymoon Trip Rs. 0

❺ Social Gifting Rs. 0

❻ Card Printing, Video & Photography Rs. 0

❼ Garments Rs. 0

❽ Other Expenses Rs. 1,000,000

❾ Any Extra Other than above Rs. 0

Total Present Approximate Cost of Marriage Rs. 6,500,000

3. Projected inflation rate @ 7%

4. Total Funds requried for Marriage after 20 Years A Rs. 25,152,949

5. Existing funds available + Existing Value of Gold & Ornaments kept for Marriage purpose only. Rs. 500,000

6. Projected rate of return on

7%
Investment @

7. Future value of existing funds & Ornaments kept for Marriage purpose only B Rs. 1,934,842

8. Addtional amount required for Marriage Funding of Mst Swastik Kumar A-B Rs. 23,218,107
(Name of Child)

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

1. Why is Marriage Funding important to you?

2. This funding plan is for the Marriage of Baby Riddhi Kumar

Name of child
Marriage Celebration after 24 Years.

Present Marriage Budget ( Approximate estimation )

❶ House Renovation Rs. 0

❷ GOLD & Ornaments Rs. 2,000,000

❸ Banquet & Decoration Rs. 1,500,000

❹ Honeymoon Trip Rs. 0

❺ Social Gifting Rs. 0

❻ Card Printing, Video & Photography Rs. 0

❼ Garments Rs. 0

❽ Other Expenses Rs. 2,000,000

❾ Any Extra Other than above Rs. 0

Total Present Approximate Cost of Marriage Rs. 5,500,000

3. Projected inflation rate @ 7%

4. Total Funds requried for Marriage after 24 Years A Rs. 27,898,018

5. Existing funds available + Existing Value of Gold & Ornaments kept for Marriage purpose only. Rs. 1,000,000

6. Projected rate of return on

7%
Investment @

7. Future value of existing funds & Ornaments kept for Marriage purpose only B Rs. 5,072,367

8. Addtional amount required for Marriage Funding of Baby Riddhi Kumar A-B Rs. 22,825,651
(Name of Child)

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

1. Why is Marriage Funding important to you?

2. This funding plan is for the Marriage of 0

Name of child
Marriage Celebration after 0 Years.

Present Marriage Budget ( Approximate estimation )

❶ House Renovation Rs. 0

❷ GOLD & Ornaments Rs. 0

❸ Banquet & Decoration Rs. 0

❹ Honeymoon Trip Rs. 0

❺ Social Gifting Rs. 0

❻ Card Printing, Video & Photography Rs. 0

❼ Garments Rs. 0

❽ Other Expenses Rs. 0

❾ Any Extra Other than above Rs. 0

Total Present Approximate Cost of Marriage Rs. 0

3. Projected inflation rate @ 0.00%

4. Total Funds requried for Marriage after 0 Years A Rs. 0

5. Existing funds available + Existing Value of Gold & Ornaments kept for Marriage purpose only. Rs. 0

6. Projected rate of return on

0.00%
Investment @

7. Future value of existing funds & Ornaments kept for Marriage purpose only B Rs. 0

8. Addtional amount required for Marriage Funding of 0 A-B Rs. 0

(Name of Child)

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

Sr. No. Household Expenses Monthly Yearly

1 Electricity charges Rs. 7,000 Rs. 84,000
2 Gas Rs. 2,500 Rs. 30,000
3 Servant Salary Rs. 18,000 Rs. 216,000
4 Mobile + Internet Rs. 4,000 Rs. 48,000
5 Child care Rs. 0 Rs. 0
6 Laundry/dry cleaning Rs. 0 Rs. 0
7 School / College Fees Rs. 7,000 Rs. 84,000
8 Public transportation (Travelling) Rs. 0 Rs. 0
9 Groceries and household items Rs. 15,000 Rs. 180,000
10 Toiletries Rs. 0 Rs. 0
11 Basic clothing Rs. 10,000 Rs. 120,000
12 Hair cut & Beauty Parlour Rs. 0 Rs. 0
13 Health care/prescriptions (Medical) Rs. 0 Rs. 0
14 Home repair/upkeep/basic appliances Rs. 10,000 Rs. 120,000
15 Car repair maintenance & running Rs. 15,000 Rs. 180,000
16 Stationery supplies and postage Rs. 0 Rs. 0
17 Tuition/course fees Rs. 0 Rs. 0
18 School books and supplies Rs. 0 Rs. 0
19 Legal expenses Rs. 0 Rs. 0
20 Vehicle Insurance Rs. 10,000 Rs. 120,000
21 Life Insurance ( Only Term Plan ) Rs. 5,000 Rs. 60,000
22 Home Insurance Premium Rs. 0 Rs. 0
23 Building Insurance Premium Rs. 0 Rs. 0
24 Mediclaim Insurance Premium Rs. 4,000 Rs. 48,000
25 Pocket Money to children Rs. 0 Rs. 0
26 House/ Office Rent Rs. 0 Rs. 0
27 Other Expenses if any Rs. 0 Rs. 0
28 Parents Expenses Rs. 10,000 Rs. 120,000
29 0 Rs. 0 Rs. 0
30 0 Rs. 0 Rs. 0
31 0 Rs. 0 Rs. 0
32 0 Rs. 0 Rs. 0
33 0 Rs. 0 Rs. 0
34 0 Rs. 0 Rs. 0
35 0 Rs. 0 Rs. 0
Total Basic expenses Rs. 117,500 Rs. 1,410,000

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

Sr. No. Life Style Expenses Monthly Yearly

1 Additional payments on loans/credit cards Rs. 25,000 Rs. 300,000
2 Additional clothing Rs. 0 Rs. 0
3 Pet food and care Rs. 0 Rs. 0
4 Eating out (meals) Rs. 10,000 Rs. 120,000
5 Outside entertainment (clubs, tickets,etc.) Rs. 0 Rs. 0
6 Special personal care items & services Rs. 0 Rs. 0
7 Cable TV, Movie & Entertainment Rs. 0 Rs. 0
8 Internet - Amazo Prime / Netflix etc. Rs. 0 Rs. 0
9 Donations Rs. 0 Rs. 0
10 Hobbies (photos, Games, etc.) Rs. 0 Rs. 0
11 Club expenses Rs. 0 Rs. 0
12 Habit expenses/ Any other Rs. 20,000 Rs. 240,000
Total Life Style expenses Rs. 55,000 Rs. 660,000

Sr. No. EMIs Monthly Yearly

1 Home EMI Rs. 0 Rs. 0
2 Car EMI Rs. 17,000 Rs. 204,000
3 Consumer Durables EMI Rs. 0 Rs. 0
4 Personal Loan EMI Rs. 0 Rs. 0
5 Any other EMI Rs. 10,000 Rs. 120,000
Total EMI Rs. 27,000 Rs. 324,000

Sr. No Regular Investments Yearly

Life Insurance Premium
1 Rs. 200,000
( Traditional + ULIP Policies )
2 Mutual Fund SIP Rs. 800,000
3 Gold or other ETF Rs. 0
4 PPF/ EPF/ NPS Rs. 0
5 Other Regular Investments Rs. 20,000
6 Direct Equity Investments Rs. 0
7 Any Other Retirement Contributions Rs. 10,000
Total Regular Investments Rs. 1,030,000

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Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

Cash Flow & Surplus %

Total Famliy Income Rs. 8,200,000 100
Total Basic expenses (Yearly) Rs. 1,410,000 17
Total Life Style Expenses (Yearly) Rs. 660,000 8
Total of monthly EMI (Yearly) Rs. 324,000 4
Total Yly Regular Investments Rs. 1,030,000 13
Annual Investable Surplus Rs. 4,776,000 58

Cash flow Analysis

9,000,000
8,000,000
7,000,000
6,000,000
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
0
Total Famliy Total Basic Total Life Total of Total Yly Annual
Income expenses Style monthly EMI Regular Investable
(Yearly) Expenses (Yearly) Investments Surplus
(Yearly)
Series1 8,200,000 1,410,000 660,000 324,000 1,030,000 4,776,000

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Sanjay Sharma
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[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

Liquid Assets Amount (Rs.) Loan Amount (Rs.)

PF Rs. 2,500,000 Home Loan Rs. 7,500,000
PPF Rs. 1,100,000 Car Loan Rs. 0
MF Debt Fund (Total Value) Rs. 500,000 Consumer Loan Rs. 0
NSC Rs. 0 Credit Card O/s Bill Rs. 25,000
KVP Rs. 0 Personal Loan Rs. 0
Postal RD Rs. 0 LIC Policy Loan Rs. 700,000
Bank RD Rs. 0 Furniture Loan Rs. 0
Bank FD Rs. 0 Business Loan Rs. 0
Saving Bank Balance Rs. 500,000 Any other Loan Rs. 0
Bonds Rs. 0 Total Rs. 8,225,000
Shares Rs. 0
Gold Bar Rs. 0 Non Liquid Assets Amount (Rs.)
Any Other RD type Investment Rs. 0 Self Occupied Residential House Rs. 3,000,000
Debentures Rs. 0 4 Wheelers + 2 Wheelers Rs. 1,200,000
MF Equity Rs. 450,000 Diamonds Rs. 0
MF Balanced Fund (Total Value) Rs. 0 Land/Plot/Farm House Rs. 3,000,000
ULIP Rs. 0 Flat / Bungalow 2 Rs. 0
Cash Rs. 0 Holiday Homes Rs. 0
Other Liquid Asset Rs. 5,000,000 Jewellery Rs. 0
Total Liquid Assets Rs. 10,050,000 ART Rs. 0
LIC Policy Valuation Rs. 8,500,000
Net worth Amount (Rs.) Loan Given Rs. 0
Liquid Assets Rs. 10,050,000 Gratuity (Self) Rs. 0
Non Liquid Assets Rs. 25,700,000 Leave Encashment Rs. 0
Total Asset Rs. 35,750,000 Office/Shop Rs. 10,000,000
Total Liability Rs. 8,225,000 Other Fixed Asset Rs. 0
Net Worth Rs. 27,525,000 Total Rs. 25,700,000

Net Worth Chart

40,000,000
35,000,000
30,000,000
25,000,000
20,000,000
15,000,000
10,000,000
5,000,000
0
Liquid Assets Non Liquid Assets Total Asset Total Liability Net Worth
Series1 10,050,000 25,700,000 35,750,000 8,225,000 27,525,000

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

Important Financial
Ratios
1) Savings Ratios

Savings Ratios is the percentage of annual income that you are able to save.

Your Savings Ratios = 70.80% Ideal Ratios = 30%

The above Savings ratios has been calculated after taking into account the recommended reduction in your
expenses. The average savings of an Indian household is around 30% of the household income.

2) Debt Servicing Ratios

Debt Servicing Ratios measures the extent of pressure your existing liabilities can put on your finances. It is
calculated as Debt Servicing Commitment / Income.

Your Debt Savings Ratios Ideal Ratios

With Housing Loan 3.95% 40%
Without Housing Loan 3.95% 25%

Debt servicing requirements should ideally not more than 25% of your total income. If you have an existing
home loan, then debt servicing ratios should not be more than 40% of your total income. Higher debt servicing
ratio multiplies the overall risk during economic downturns specifically when the interest rates increase.

3) Debt Coverage Ratios

This is a measure of the role of your short term debt that can be supported with liquid assets it is calculated as
Total Liquid assets / 24 months debt EMI

Debt Coverage Ratios = 10 Ideal Ratios More than 1 is edequate

More than one is edequate it shows the family's ability to support the debt EMI FOR 24 MONTHS in case of
change is financial stability.

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

Important Financial Ratios

4) Financial Assets Ratio

Your assets can broadly be categorised as financial assets (e.g. shares, debentures, bank depsits, Public Provident Fund
investments) and physical assets (e.g. gold, other precious metals, diamonds and real estate). In many ways, financial assets
are part of a more transparent and better regulated market. Physical assets suffer risks of loss by fire, theft etc. and also lack
transparency in pricing and transactions. Therefore, you should maximise your financial assets ratio viz. financial assets as a
percentage of total assets.

Your Financial Assets Ratios = 15.42% Ideal Ratios = > 50%

Assets like self-occupied house, home contents & vehicles, which are meant for your regular use, have note been included in
total assets for the purpose of calculation of this ratio. You should seek to increase this ratio over a period of time.

5) Emergency Liquidity Ratio

The role of liquid assets is to meet your near-term liquidity needs. It is normal to calculate the liquidity needs, as the expenses
you need to incur over the next 6 months (including loan repayments). Liquidity Ratio is calculated as Liquid Assets / All
Monthly Expenses (Including EMI)

Your Liquidity Ratio = 32.33 Ideal Ratios = Single Earner > 6, Both Earner > 3, Retired >9

Liquid assets include all assets which can be liquidated immediatley like shares, open-ended mutual funds, saving account
balance, fixed deposits, gold Etf etc. This ratio should be more than 1. The higher it is, the more is the comfort for you.

6) Basic Liquidity Ratio

Basic Liquidity Ratio = (Saving A/c + Bank FD + RD + Postal RD) / ((Living Expenses + EMI))

Your Basic Liquidity Ratio = 2.51 Ideal Ratio = 3 to 6 Months

Show capacity of the family to respond to short term financial crisis.

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Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

Important Financial Ratios

7) Networth Liquidity Ratio
Networth Ratio = Total Liquid Assets / Net Worth

Your Networth Ratio = 37% Ideal Ratio = 30% to 40%

Show ability of family to deal with severe situations requiring liquidity beyond emergency situations. 100% means the opportunity
cost is being lost on better investments. 0% shows that family will get trapped in serious financial problem in case of severe
situations. 30 - 40 % is a good sign & should be within the ratio.

8) Debt. To Asset Ratio

Debt. To Asset Ratio = Total Debt (Liabilities) / Total Assets (Liquid + Non Liquid)

Your Debt to Asset Ratio = 23% Ideal Ratio = 5% to 30%

Show the ability of the family to cope with debt servicing so that we can liquidate the assets to pay off loans. 100% not good &
shows families inability for debt servicing. 0% is also bad as it shows that the family does not take advantage of leveraging money.

9) Family Income Protection Ratio

Family Income Protection Ratio = Insurance / Annual Income ( without unearned income )

Self 3.13
Ideally Family should have protection of
15 to 25 Times of Bread winner's Annual Income
Spouse 2.50

Show the Support to the family for Survival after demise of Brand Winner

10) Retirement Safety Ratio

Monthly Retirement Contribution / Monthly Income.

Self Retirement Safety Ratio Ideal Retirement Contribution Starting Age.

17% 20% of Monthly Income 21 to 35
25% of Monthly Income 36 to 45
30% of Monthly Income 45 to 50
Spouse Retirement Safety Ratio 40% of Monthly Income 51 to 55
0% 50% of Monthly Income 56 to 60

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Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

Name : 0

❶ Income up to Age 60 Age Income Growth Family Expenses Personal Expenses

20 Rs. 406,102 Rs. 473,152 Rs. 59,144
❷ Expenses up to Age 90 25 Rs. 654,032 Rs. 663,620 Rs. 82,952
30 Rs. 1,053,325 Rs. 930,761 Rs. 116,345
❸ Current Age. 44 35 Rs. 1,696,390 Rs. 1,305,441 Rs. 163,180
40 Rs. 2,732,054 Rs. 1,830,949 Rs. 228,869
❹ Yearly Current Income Rs. 4,000,000 45 Rs. 4,400,000 Rs. 2,568,000 Rs. 321,000
50 Rs. 7,086,244 Rs. 3,601,753 Rs. 450,219
❺ Yearly Family Expenses Rs. 2,400,000 55 Rs. 11,412,467 Rs. 5,051,645 Rs. 631,456
60 Rs. 18,379,892 Rs. 7,085,193 Rs. 885,649
❻ Yearly Personal Expenses Rs. 300,000 65 Rs. 29,601,000 Rs. 9,937,350 Rs. 1,242,169
70 Rs. 0 Rs. 13,937,647 Rs. 1,742,206
❼ Income Growth Rate 10% 75 Rs. 0 Rs. 19,548,271 Rs. 2,443,534
80 Rs. 0 Rs. 27,417,461 Rs. 3,427,183
❽ Expected Inflation Rate 7% 85 Rs. 0 Rs. 38,454,408 Rs. 4,806,801
90 Rs. 0 Rs. 53,934,296 Rs. 6,741,787

Future Income Expenses Analysis Chart

60,000,000

50,000,000

40,000,000
Income & Expenses

30,000,000 Income Growth

Family Expenses
20,000,000 Personal Expenses

10,000,000

0
20 25 30 35 40 45 50 55 60 65 70 75 80 85 90
Age

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Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

Name : 0

Present Age : 0 Retirement Age 0

Years to Work for Retirement 0 Years

❶ Current ( Yearly ) Income After Tax. Rs. 0

❷ Personal Expenses. Rs. 0

❸ Yearly Contribution to Family Rs. 0

❹ Annual expected Income Growth. 0%

❺ Your Yearly Income at Retirement could be Rs. 0

❻ Your Yealy Personal Expenses at Retirement Could be Rs. 0

❼ Your Family Contribution at Retirement Could be Rs. 0

❽ Your Current Human Life Value is Rs. 0

Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

.
Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

1 Investment & Risk Appetite

You are a growth style investor who understands the movement of investment markets. You are most interested in maximising long term capital growth, although
you do not wish to make unbalanced investment decisions. You are happy to sacrifice short term safety in order to maximise long term capital growth.

Required Monthly Investment on various estimated returns

Fund Required Years 6% 8% 10% 12%

2 1st Child Education Mst Swastik Kumar Rs. 10,625,915 13 Rs. 46,896 Rs. 41,195 Rs. 36,109 Rs. 31,592

2nd Child Education Baby Riddhi Kumar Rs. 11,264,324 17 Rs. 33,272 Rs. 27,813 Rs. 23,152 Rs. 19,203

3rd Child Education 0 Rs. 0 0 Rs. Rs. Rs. Rs.

a) Dream home Rs. 0 Rs. Rs. Rs.

Wealth Accumulation

3 0 Rs.

b) The New car Rs. 1,708,062 3 Rs. 44,710 Rs. 43,845 Rs. 43,003 Rs. 42,182

c) Start a business Rs. 0 0 Rs. Rs. Rs. Rs.

d) world tour Rs. 2,805,103 5 Rs. 41,468 Rs. 39,846 Rs. 38,289 Rs. 36,796

4 Retirement Funding For Self Rs. -60,565,061 25 Rs. -94,760 Rs. -71,507 Rs. -53,462 Rs. -39,670

5 Retirement Funding For Spouse Rs. ############# 28 Rs. ############# Rs. ############ Rs. ########### Rs. ###########

6 1st Child Marriage Mst Swastik Kumar Rs. 23,218,107 20 Rs. 52,598 Rs. 42,281 Rs. 33,782 Rs. 26,853

7 2nd Child Marriage Baby Riddhi Kumar Rs. 22,825,651 24 Rs. 37,432 Rs. 28,490 Rs. 21,494 Rs. 16,099

8 3rd Child Marriage 0 Rs. 0 0 Rs. Rs. Rs. Rs.

9 0 Rs. 0 0 Rs. Rs. Rs. Rs.

10 0 Rs. 0 0 Rs. Rs. Rs. Rs.

11 0 Rs. 0 0 Rs. Rs. Rs. Rs.

Total Mly Investment Required for All Goals Rs. ############ Rs. ########### Rs. ########## Rs. ##########

12 Medical Protection & Critical illness Protection Rs. 3,346,183

13 Family Safety Net Required ( Life Insurance) Rs. 21,489,078

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Sanjay Sharma
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Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

PERIODIC REVIEWS
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Sanjay Sharma
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Financial Planning is based on information Provided & on Certain assumptions that may Change
 Wednesday, September 16, 2020

You Have a Doctor, Tax Consultant a Dentist, a Mechanic, and an Accountant.

Don’t You Also Need a Financial Planner? Test Yourself.
Yes No
1 Do You Know Your Net Worth?

2 Are your assets properly diversified to guard against market Volatility?

3 Are you planning optimally for your child or grandchild’s future?

4 Are you planning optimally for your own retirement?

5 Do you feel you have received the answers to all of your financial questions?

6 Are you saving optimally on Income taxes and Other Taxes?

7 Are you doing all you can to consolidate your debts?

8 Are you optimally covered for your Critical-care, Accidental & Mediclaim Insurance?

9 Are you confident that You are on the way to meet your financial goals and fulfill your
financial dreams?
10 Are Your all family Members Sufficiently Secured from Uncertainties ( Personal &
Business Risk Such as Accident, Critical illness, Death or Disability )

If your answer is “No” to Two or more of the above questions, You must Seriously think about detailed
Financial Planning
Just like Your Doctor, Dentist, Mechanic, and Accountant, You need a specialist when it comes to Your
finances – especially in today’s volatile markets.

P.S. Ulcers, root canals, tune-ups, and taxes require specialists. So does your financial Future.
Don’t wait! Let us meet & Create Plan to Systematise Your Financial Future.

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Fortunelife Wealth Management Solutions Private Limited

Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
Fortunelife Wealth Management Solutions Private Limited
Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
Fortunelife Wealth Management Solutions Private Limited
Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change
Fortunelife Wealth Management Solutions Private Limited
Sanjay Sharma
9811282212
[email protected], [email protected]

Financial Planning is based on information Provided & on Certain assumptions that may Change