Jan Nivesh – Helping working professionals achieve their long-term financial goals

Jan Nivesh – Helping working professionals achieve their long-term financial goals

The salaried class makes up for a huge chunk of India’s earning population. They get a fixed income every month and are faced with the challenge of meeting their fixed living expenses, unforeseen expenses, and of course social spending. With a limited amount in hand, these working professionals need to plan their finances with extreme care. While in a secured job, they need to save for the ‘rainy days’. However, saving alone is not enough as it is not able to beat inflation, which leads to rise in expenses.One needs to invest in an asset class that endeavours to generate inflation beating returns over time..Jan Nivesh experts met up with some of the working professionals to understand their financial goals and to guide them on how best to plan their financial future and to educate them on the essentials of mutual fund investing.

Jan Nivesh – a pan-India investor education initiative, is currently on a journey to make the people of India aware about the power of financial planning and the benefits of long-term investments in mutual funds. Decoding the financial concerns of young working professionals, experts suggested that to make the aspirations come true, one needs a plan, timeframe and a budget. This further needs to be supported with disciplined saving and investment.

Mr Harshvardhan Roongta – CFP, Roongta Securities advised the professionals that while they are in a job and are getting a secured income, they should try to save at least 50 per cent of the income. This will help them in the later stages if they wish to start a venture of their own or do freelance work. Fortunately, there is a wide variety of investment products available in the market which can suit everybody’s requirements.
Mutual funds can cater to the investment needs of everyone given the fact that there are products where one can invest even for a day and then there are the long-term growth-oriented funds.

Ms Roopa Venkatkrishnan – Finance Consultant, shed light on the benefits of the Equity Linked Savings Scheme (ELSS) mutual funds for working people. ELSS is a tax saving instrument through which money is invested in equity funds with a 3-year lock in period, which means one needs to stay invested for this period. One can also invest in this fund on a regular basis through monthly SIP and get tax exemption.
Jan Nivesh is on a mission to urge people across age groups and social strata to take a pledge to invest at least a day’s income in mutual funds, every month. The message of ‘Aaj ki kamai, bhavishya mein kaam aai’, is fast gaining ground across the country, with more and more people joining the initiative. You can also join the nationwide movement by giving a missed call on 1800 8333 666.