Your Financial Health Score

Planning is bringing the future into the present so that you can do something about it now.

Savings rate

EXCELLENT

POOR

You still have time for your long term financial goals, bringing discipline in investing can still reap you benefits in the future.

As your age is increasing day by day, your time horizon for your financial goals is decreasing so you need to be careful with your investments.

In next few years you might stop working and retire, so you need to be extra cautious about your investments.

Your savings are very less and it will have a big impact on your financial goals, a financial plan will help you to cut down some of your avoidable expenses and invest in the right financial products.

Your Are doing Great job on Saving Parts. But, need to keep it mind that every year increase age with responsibility so when increase income then Increase saving ratio.

EMI

EXCELLENT

POOR

Loan Amount :

If 1-15% Your EMI is well within your control, you just need to take care that it doesn’t include any credit card EMI.

If 16-30 % Your EMI is still within control but you should not take more loans.

IF 30-45% Your EMI is high and might become unmanageable if interest rate on loan increases, so don’t take any further loans. Need To Immediately work on Debt Management reducing debt as early as possible with proper planning and Because of this may be you are not saving or less saving for your long term need

If more than 45% Your EMI is very high and you might be already facing some cash crunch, you may need to refinance your loans at lower interest rate.

Life Insurance

EXCELLENT

POOR

You should get a term insurance immediately with 15X of your annual salary as the cover. This should be on your priority list.

Well done! You have adequate insurance cover.

Health Insurance

EXCELLENT

FAIR

POOR

Medical expenses grow at a rate beyond inflation and can be quite hefty. A health insurance plan protects you and your family from emergencies, without depleting your savings.
This covers you during medical emergencies and hospitalisations, and we can’t emphasise how important that is.

Your employer health insurance might not be enough.
It is important to have a personal health cover, which covers you beyond your employment. That way, you don’t have to worry about pre-existing conditions, waiting period and other variables that change when your employer changes.

You and your family are well-covered for health emergencies. Great job!

It’s great that you already have your health insured. It’s equally important to get your family’s health insured, so that they’re covered for such scenarios too.
A family floater covers your dependants. If you want to insure your parents, buy them a separate insurance on their name so that the premium burden is less.

Well done!

Invested in any

EXCELLENT

FAIR

POOR

Need To Work on Asset allocation of the for Long term

What you did well?

Great job! Your investments in fixed deposits are adequate.
Great job! Your investments in gold are adequate.
Well done! It’s a smart move to have a good portion of your investments in mutual funds.

We will help you to monitor your investment time to time and help to grow systematically allocation of Fund and time Change investment based on current situation

Emergency Funds

EXCELLENT

FAIR

GOOD

POOR

You should immediately start saving some amount every month to take care of at least 6 months of your regular expenses to provide for situations such as job loss or medical and other emergency.

Your contingency amount is less, you should increase it to at least 6 month of your regular expenses.

You have sufficient amount of contingency reserve to take care of your regular expenses for few months in case of emergencies, you can consider increasing it to 12 months over a period of time.

You have a sufficient amount to take care of your regular expenses and emergencies.

Have Purpose

EXCELLENT

FAIR

GOOD

POOR

Since you do not have any current investments, you should make sure that all your future investments are done keeping in mind your financial goals.

Your purpose of investments should not be, just to save tax but also to earn adequate returns.

Adhoc investments leads to improper asset allocation, you should make sure all your future investments are done keeping in mind your financial goals.

Your investments are in line with your financial goals, you will most likely achieve your goals as long as you continue to invest the required amount in the same manner.

Performance of investment

EXCELLENT

FAIR

GOOD

POOR

VERY POOR

“You may delay, but time will not.”
You need work on start investing. We will help how you can start

Since performance of your investments is not upto the mark, you immediately need to review your investments.

Investment is continuous cycle, you need to identify where you have to modify investment option based on performance, time periods and age.
“We will help you to monitor your investment time to time and help to grow systematically allocation of Fund and time Change investment based on current situation”

Since performance of your investments is not upto the mark, you immediately need to review your investments

Your Financial Health Score

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