Welcome to Financial Report Card This comprehensive test aims to assess an individual's financial knowledge and preparedness across various aspects of personal finance. Do you have a Term Insurance? Yes No None Is the sum assured amount 10X or more of your current annual income? Yes No None Do you have a comprehensive health insurance policy? Yes No None If you are employed, do you have a separate individual cover other than what your company provides? Yes No None Do your family members (Spouse, Children, Parents, Siblings, etc.) have adequate health insurance? Yes No None Are you currently invested in any traditional insurance policies such as Money Back, Endowment, Whole Life Insurance, etc., offered by major insurance companies like LIC, HDFC Life, or others? Yes No None Are you aware that the returns from such policies typically do not exceed 6% in 95% of cases, resulting in nearly negative real returns as they often fail to outpace the inflation rate in our country? Yes No None Do you have a surplus fund to cover your expenses in case of an Emergency, including all EMIs? No Up to 3 months of monthly expenses Up to 3 - 6 months of monthly expenses Up to 6-12 months of monthly expenses None Do you engage in budgeting, effectively managing your finances by meticulously planning both income and expenses? Yes No None Do you invest at least 25% of your income? Yes No None If age 30 and above, have you started planning for your retirement? If under 30, have you started investing? Yes No None If age 30 and above: Are you aware of the inflation-adjusted amount required for your retirement ? OR If under 30: Have you started saving systematically in Equity markets using a Systematic Investment Plan? Yes No None Are you aware of tools like Step-Up SIP’s, Portfolio rebalancing, Debt Management, Recession Investing etc., which can increase your investment returns? Yes No None Are you aware of the difference between Trading and Investing in the Equity Markets (Stock Market)? Yes No None Are you aware that approximately 95% of individuals trading in capital markets using any broker application incur losses over the long term? Yes No None Do you trade in equity / capital / commodity markets? Yes No None Has your trading activity in the past one year resulted in losses? Yes No None Have you analyzed to determine whether the New Tax Regime or the Old Tax Regime is more advantageous for you? Yes No None Have you ever engaged in salary restructuring aimed at optimizing your tax structure and potentially saving you money? Yes No None Name Phone Email Time's up Get In Touch C 204, Sylvan Heights, Aundh. Pune - 411007 [email protected] +91 99700 43350 ARN-274883AMFI Registered Mutual Fund Distributor NISM Certified Portfolio Management Services Distributor Facebook Youtube Linkedin Instagram Made with ♥ By THE TECH HUB
