Jan Nivesh: Guiding singles for a financially empowered married life

Jan Nivesh: Guiding singles for a financially empowered married life

Jan Nivesh - the pan-India investor education programme engaged with singles who are soon to tie the knot and financial experts guided them on how best they can plan their financial future.

Getting married is one of the biggest commitments one can make. The bond of marriage ties two individuals and their families in a holy bond of love and commitment. Marriage also brings together two different financial setups. This is why the couple needs to plan out their expenses; short, mid and long-term financial goals and investment options. Managing the finances for a happy and financially strong married life is crucial so that the couple’s financial goals are adequately covered.
Jan Nivesh - The pan-India investor education programme, jointly conducted by the Association of Mutual Funds in India (AMFI) and Times Network is on a mission to discover the financial aspirations of people from different walks of life and its main objective is to financially empower them. Jan Nivesh engaged with singles who are soon to tie the knot and financial experts guided them on how best they can plan their financial future.
Mr Nikunj Sharma - Managing Partner, Moneyogi’s suggestion to the young singles was to set up their financial goals backed by a timeline and to take into account the inflation aspect. He added that it is very important to have a financial goal sheet ready which can help in balancing out the expenses that are expected to arise in the different phases of married life.
Ms Masarrat Fakih – Founder, Allegiance Advisors added that it is important to plan the finances in a structured way. One needs to first see that the basics like insurance, are covered so that one is protected against any financial risks or contingencies. “Getting yourself and your dependents covered is the first step towards financial planning,” she said.
She went on to suggest that the next step is to address the aspirations. For a short-term goal with a 1-year timeframe, its best to park the savings in liquid funds and if this period is 3 years, then debt funds are a good bet. However, for a financial goal with a 5-year timeframe (long-term), one should consider equity funds where the returns can be higher. She added that one of the best ways to invest is through Systematic Investment Planning (SIP) which is a non-cumbersome format of investing in mutual funds.
The experts opened up new avenues for the singles by guiding them on getting financially equipped before taking one of the biggest decisions of their lives. 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.