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We Offer U One-To-One Session Wherein We Understand Ur Challenges & Future Aspirations. We Also Determine How We Can Be Of Help To U For Managing Ur Financial Lives Efficiently.

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After Assessing Your Current Situation, We Draw Up A Customized Plan To Suit Your Specific Requirements With A Specific Time Bound Action Plan.

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Once We Have The Client Buy-In To The Proposed Plan & Recommendations, We Oversee Hand-In-Hand The Implementation Process From Start To Finish.

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We Monitor The Action Plan And Other Key Indicators At Periodic Regular Intervals, Thus Adjusting Recommended Strategies As Needed. It Is The Core Of Our Philosophy​

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Financial Planning - Definition, Objectives and Importance


Definition of Financial Planning

Financial Planning is the process of estimating the capital required and determining it’s competition. It is the process of framing financial policies in relation to procurement, investment and administration of funds of an enterprise.

Objectives of Financial Planning


Financial Planning has got many objectives to look forward to:

  • Determining capital requirements- This will depend upon factors like cost of current and fixed assets, promotional expenses and long- range planning. Capital requirements have to be looked with both aspects: short- term and long- term requirements.
  • Determining capital structure- The capital structure is the composition of capital, i.e., the relative kind and proportion of capital required in the business. This includes decisions of debt- equity ratio- both short-term and long- term.
  • Framing financial policies with regards to cash control, lending, borrowings, etc.
  • A finance manager ensures that the scarce financial resources are maximally utilized in the best possible manner at least cost in order to get maximum returns on investment.

Importance of Financial Planning

Financial Planning is process of framing objectives, policies, procedures, programmes and budgets regarding the financial activities of a concern. This ensures effective and adequate financial and investment policies. The importance can be outlined as-

Adequate funds have to be ensured.
  • Financial Planning helps in ensuring a reasonable balance between outflow and inflow of funds so that stability is maintained.
  • Financial Planning ensures that the suppliers of funds are easily investing in companies which exercise financial planning.
  • Financial Planning helps in making growth and expansion programmes which helps in long-run survival of the company.
  • Financial Planning reduces uncertainties with regards to changing market trends which can be faced easily through enough funds.
  • Financial Planning helps in reducing the uncertainties which can be a hindrance to growth of the company. This helps in ensuring stability an d profitability in concern.
Testimonies

Happy Clients & Feedbacks

I am absolutely delighted with your service. It is really refreshing to work with a financial adviser who is truly interested in their client’s needs, circumstances and preferences.

Salil Pendse

Really Surprised By The Way Everything Was Explained To Me, Its Unmatchable. I Will Recommend At Least Discuss Your Requirement With Him One Before Finalizing.

Nitesh Rane

My wife and I met Sandeep Pathak. We knew how to earn money and knew how to spend money but when it came to financial planning we were novices. After meeting with Pathak, we took on their recommendations and here we are 7 years on extremely pleased with the decision we made.

Vaibhav Swami

It Was Great Service By Team FinWorld. I Will Recommend It To Every One.

Nagraj Shinde

Passion, knowledge and a genuine interest in achieving the best for clients is what makes a truly professional Financial Adviser.

Nisha Mistry

This is what financial advisors should do! I have never had this kind of experience in the past with financial advisers and this is the kind of service I have been looking for. It’s nice to have one place to come to, without being too large or institutional.

Taniya Bhagwat

FAQs

Frequently Asks Questions

Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts.

  1. Identify the problem. ...
  2. Make a budget to help you resolve your financial problems.
  3. Lower your expenses.
  4. Stop taking on debt to avoid aggravating your financial problems.
  5. Meet with your advisor to discuss your financial problems.
  1. Making a Mature Financial and Business Plan.
  2. Paying Attention to the Ratio of Advances to Income.
  3. Recording Cash Flows Regularly.
  4. Separate Business and Personal Funds.
  5. Pay Attention to the Assets, Debts, and Receivables You Have.
  1. Start Investing Early. First things first, you must start saving and investing early in your life.
  2. Say No to Unnecessary Debt.
  3. Don't Put All Your Eggs in One Basket: Diversify Your Portfolio.
  4. Recurring Deposits (RD) and Fixed Deposits (FD).
  5. Mutual Funds.
  1. Key objectives and identification of a problem.
  2. Benefits of the proposed solution.
  3. Project scope.
  4. Rules, regulations, and policies.
  5. Key features of the project.
News & Blog

Latest news from our blog

Bank Of Baroda Offers "Advantage" Home Mortgage Overdraft Facility Like SBI MAXGAIN Where You Can Save Lot Of Interest Just By Using It As Your Saving Account.

SBI Offers MAXGAIN Facility Where You Can Save Lot Of Interest Just By Using It As Your Saving Account.

All Existing Home Mortgage Customers And All Those Who Are Looking For Home Mortgage In Near Future.

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