Financial Planning

All your questions related to financial planning, goal based planning, asset allocation etc. are answered here.

What data is required to complete a financial plan?
The first step is to add your client’s complete data in the Profile section, which includes his Personal Profile, Goals, Risk Profile and his Financial Deta...
Tue, 29 Dec, 2015 at 1:30 PM
How is future value of goal calculated?
Future value of a goal is calculated using the inflation rate. Please note that some goals are single year goals while some are multi year goals. A couple o...
Wed, 30 Dec, 2015 at 12:40 PM
What is a Single Year goal and what is a Multi Year goal?
By nature, for some types of goals, you need money only once. I.e in the goal year. E.g. buying a car or a house or marriage etc. While some goals require m...
Tue, 29 Dec, 2015 at 7:02 PM
How are the monthly and lumpsum requirements for a goal calculated?
Monthly and Lumpsum requirements for a goal are calculated by taking into account the asset allocation that is assumed over the goal period. Let's un...
Thu, 8 Sep, 2016 at 12:08 PM
When an asset is allocated to a goal what happens? How are the various values recalculated?
As soon as an asset is allocated to a goal, the software recalculates the Current Savings, Additional Suggested and the Achieved %. It calculates the future...
Tue, 29 Dec, 2015 at 5:53 PM
Can I partially allocate an asset to a goal?
Yes you can.  By default the system will allocate 100% of the asset to the goal. If the future value of the asset is greater than the future value of your g...
Wed, 30 Dec, 2015 at 12:46 PM
What is the achieved %?
Achieved % is the amount that has so far been accumulated for the goal. As you start allocating assets to a goal, this amount gets updated with the current ...
Wed, 30 Dec, 2015 at 12:48 PM
What is Current Savings?
Current savings is the sum total of current value of all investments allocated to a goal. This amount is updated dynamically based on the assets allocated t...
Tue, 29 Dec, 2015 at 6:30 PM
What is Additional Suggested?
Additional Suggested is the additional savings required to fulfill your goal. This is the balance amount required after you allocate all the assets (that yo...
Tue, 29 Dec, 2015 at 6:37 PM
Can I modify asset allocation at a goal level?
Yes, you can. You can click on the gear icon on the bottom right side of the middle section of the financial planning page. *screenshot*
Wed, 30 Dec, 2015 at 12:50 PM