Why Chandigarh Needs the Best Financial Advisor to Achieve Financial Goals

Chandigarh, located at the foothills of the Shivalik hills, is renowned as the best-planned city in India. With world-famous architecture and unparalleled quality of life, it offers a thriving ecosystem for entrepreneurs. Chandigarh ranks first in India for the Human Development Index and quality of life. At the heart of the city is the beautiful Zakir Hussain Rose Garden, adding to its natural charm. 

Chandigarh is home to operations of leading IT companies like Infosys and offers a thriving entrepreneurial space. This dynamic environment not only enhances the city’s modern outlook but also makes securing the future essential for its ambitious residents. As professionals and entrepreneurs work towards building successful ventures, having a robust investment plan becomes critical to securing their future. The residents of the “best-planned city” deserve an investment plan just as good. 

Why is FinEdge the Top Choice for the residents of Chandigarh

Why FinEdge | Customised Investment Plan | Best Financial Advisor

Personalized Investment Plan for the Residents of Chandigarh

Chandigarh, being the capital of two states, Haryana and Punjab as well as a union territory holds a very unique position. Chandigarh’s residents need investment plans as unique as their city. Each individual’s financial journey is distinct, and a one-size-fits-all approach simply won’t work. 

For instance, you may want to plan a vacation for next year. However, your friend might be planning for her child's education 15 years from now. In such a case, she would benefit from a SIP (Systematic Investment Plan) in an equity mutual fund, as it has historically beaten inflation and allows compounding to work in the long run. However, since equity is susceptible to short-term fluctuations, a more conservative approach, would be suitable for you, given that your goal is just one year away. Many people tend to overlook this and base their investments on what is popular or what gives someone else high returns.

This is where a financial advisor in Chandigarh can help. They collaborate with you to create a personalized investment plan that takes into account your life goals, risk appetite, and financial situation. It’s about creating an investment plan catered to you, whether you are a budding entrepreneur, an IT professional, or someone looking to secure their retirement. 

Benefits of a Financial Advisor in Chandigarh

Hyper-Customization

The best financial advisor in Chandigarh will provide investment plans customized to your unique financial goals and aspirations. Any investment decision will not be on an ad-hoc basis but completely aligned with your goals, from your child’s higher education to purchasing your dream home. Any tool or approach used will also be personalized, whether it is a Systematic Withdrawal Plan (SWP) for your retirement, a Systematic Investment Plan (SIP) in a mutual fund for wealth creation or a Systematic Transfer Plan (STP) to approach your windfall earnings in a disciplined manner.

Goal-Based Journey

The best financial advisor will ensure you define your goals before choosing any investment products. Whether it is your short-term goals like a vacation or long-term goals like retirement, every decision will be made according to that. 

Behavioural Coaching

Controlling greed and fear-led decisions is crucial for achieving goals. Your financial advisor will help you stay disciplined during market fluctuations, ensuring that impulsive decisions don’t derail your long-term plans.

Choosing the Best Financial Advisor in Chandigarh

When selecting the best financial advisor, it is important to consider the following points: 

• Investing Process: The best financial advisor will always encourage you to follow a disciplined investment process that focuses on long-term goals. This process will include an assessment of cash flows, defining goals, taking informed risk and being resilient.

• Client Centricity: A client-centric approach ensures that your interests always come first. The best financial advisor in Chandigarh builds long-term relationships based on trust and transparency rather than sales targets. 

• Communication: Transparent and regular communication helps you stay informed about your investments, set clear expectations and remain disciplined even during volatility.

Tech-Enabled Investing for Chandigarh

FinEdge’s Dreams into Action (DiA) platform is designed to meet the financial needs of investors who have aspirations. Whether you’re a young professional eager to buy your dream home or someone seeking income through your retirement years, DiA provides a personalized, goal-focused investment experience.

The platform also ensures seamless communication, bridging geographical gaps. Even if you’re traveling or managing a busy schedule, DiA allows you to stay in touch with your investment manager, ensuring your investment journey is never neglected. With DiA, critical factors such as inflation, your investment time horizon, income, and expenses will be considered, making sure you are taking informed risk and following the best process for your goals. 

The platform is more than just a financial tool—it is a personalized investment journey. A tech platform backed by expertise, DiA helps clients define their life goals and creates a personalized investment plan to turn those dreams into reality. By focusing on systematic, long-term investment planning, DiA helps navigate the complexities of investing and building wealth.

FAQS

Should I invest my bonus as a lump sum or SIP?

Lump sum investments of big amounts can tempt you to time the market, which is not ideal. While SIPs (Systematic Investment Plan) are generally a good choice, leaving a large sum of money in a bank account while investing parts of it can lead to spending on instant gratification.

The ideal approach in such scenarios is a Systematic Transfer Plan (STP). An STP allows you to convert your lump sum investment into a staggered plan. For example, you can start with a lump sum investment in a low-risk fund such as an arbitrage or debt fund. At regular intervals (monthly, quarterly, etc.) you transfer a fixed amount to an equity fund. This is a convenient and disciplined approach to investing.

Is an SIP in mutual funds a good investment for my child’s college education which is in 10 years?

Systematic Investment Plans or SIPs in mutual funds are generally a good choice for long-term goals like this as they allow you to benefit from compounding. They also have inflation-beating ability, which is especially important in this case as education inflation averages at 11–12%. For example, today, an undergraduate degree costs ₹5,00,000; given the inflation rates, this will be around ₹14 lakhs in 10 years. An SIP of ₹10,000 in a mutual fund at a 13%* rate of return can help you accumulate more than ₹24 lakhs in this time frame. This makes SIPs a practical and efficient approach to securing your child’s educational future. 

*13% assumed rate of return, not guaranteed

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