It Is Always Beneficial To Have A Plan In Place!

Amit Chawla, 38, is running his own IT services company in Mohali. His wife Shuchita Chawla works in the same company as director, human resources. They are blessed with a 10-year-old daughter Aanya. Like many traditional investors, Amit found comfort in investing in real estate instead of new-age financial products, including mutual funds. Although he had started investing in mutual funds a few years back through SIP (systematic investment plan) for a small amount, in the absence of any financial plan and proper guidance, he could not continue his investments for an extended period. When the markets became jittery in 2017, Amit also liquidated his existing mutual fund investments to avoid future capital losses. Apart from real estate investments, Amit was inclined towards insurance policies as investment. In fact, the first time Amit approached Sourabh Mahajan, founder and financial...