Jan Nivesh guiding newlyweds on meeting their financial go

Jan Nivesh guiding newlyweds on meeting their financial go

Jan Nivesh, the pan-India investor education initiative, is on a mission to identify the financial aspirations of people from different walks of life and to provide them financial empowerment.

Finding that one person with whom you want to spend the rest of your life is indeed one of the most joyous occasions. And while the couple talks about a lot of things before marriage, discussions on financial goals and aspirations is not given enough importance, at least in India. However, couples need to understand that in today’s world, staying by each other’s side through thick and thin can be done better with a proper financial plan, which not only covers them against financial challenges but also boosts financial growth and prosperity.

Jan Nivesh, the pan-India investor education initiative, jointly conducted by the Association of Mutual Funds In India(AMFI) and Times Network is on a mission to identify the financial aspirations of people from different walks of life and to provide them financial empowerment. Jan Nivesh engaged in a conversation with a group of newlyweds in order to understand their financial aspirations and to guide them towards the right path so that they can turn their aspirations into reality.

Industry experts such as Nitin Vyakaranam - Founder & CEO, ArthYantra and Nikhil Naik - Chief Growth Officer, Naik Wealth Planners heard out a bunch of newlyweds and guided them towards achieving their financial objectives. While newly-weds Leon and Bhavika have immediate and short-term goals of laying tracks for their careers, Mihir and Stacy are planning towards an early retirement. Dhiren and Megha are beginning their lives as a married couple and they too, are interested in taking their first steps towards achieving financial independence.

According to Nitin Vyakaranam, the most important thing before one starts investing is to set up a goal and then analyze by what time do they want to achieve that goal. These two steps are the stepping stones towards defining the complete portfolio of one’s investment. His advice to Mihir and Stacy is that since they want an early retirement, they need to set up a target as to how much will be enough to sustain them and they can start investing in mutual funds, accordingly.

Nikhil Naik opined that the first thing that needs to be done for a newlywed couple is to cover themselves against risks like health problems, accidents, etc. The first and foremost step is to invest in a decent health and life insurance plan so that an unfortunate event does not burn out their financial plans. Secondly, the newlyweds must move on from savings to investments so that their money can start working for them. He also suggested that Bhavika and Leon must invest in liquid funds for their short-term goals, whereas, Dhiren and Megha must develop their portfolio in a way that both short-term plans like annual vacations and long-term savings for the future can be covered.

The experts also provided the couples with a roadmap for achieving their financial aspirations and ensure financial security. The awareness around mutual funds is rapidly growing, thanks to initiatives like Jan Nivesh. With the message of ‘Aaj ki kamai, bhavishya mein kaam aayi’, Jan Nivesh is encouraging people across age groups and social strata to take a pledge and invest at least a day’s income in mutual funds every month.

You can also take part in this nationwide movement by giving a missed call on 1800-8333-666