Financial Literacy in India is quite low and a lot of people are not aware of the intricacies of investing money.
All of us want to make more money and invest them in safe places which will provide good returns. While some of us do our research, most of us are at the mercy of banks, Mutual Fund / Insurance Agents or Family CA’s for financial advice.
The advice we receive is biased because of the nature and setup of the Financial Services Industry in India. Agents don’t charge clients any fees for advice. Instead they usually recommend products which they are selling and which earn them the maximum commission. ( This is one of the reasons why most Insurance agents will not even tell you about Term / Life Insurance Plans as they have very low premiums and commissions. Instead, they will egg you on to buy Endowment / ULIP plans which are more expensive and have significant commissions for them)
Banks are also similar in nature. They however use a slightly different ploy. They appoint ‘Relationship Advisors’ whose supposed role is to help you with any services you may require. In reality, most of them are just glorified salesmen whose main job is to push you to do more and more ‘Investments’ in the products they are selling.
Not all of them are bad though, and sometimes you may end up getting a good deal. However, nobody really gives you holistic advice with a proper plan.
This is where Finqa is different.
We have a guidance + execution based model, with a focus on educating clients on various options available them, and then helping them make a decision.
We Also Offer a Broader Picture.
The question we get asked most often is, “Where should I invest my money for the best returns with the lowest risk ?”
While we answer that question, we also answer a few other important ones first – Why, How and then Where should you invest.
Am I saving enough ? How much should I save to achieve my financial goals?
- What is inflation and how does it impact me?
- I have surplus funds in my savings account but I don’t know what to do with them?
- Do I have the right amount and type of insurance cover ?
- Is investing in a single asset class enough to meet my retirement goals?
- How do I know where I stand today financially?
- Can I take care of my financial matters myself and my family in the future?
- I have a car to buy in next six months and also plan for my child’s college education in six years . Am I prepared for it ?
- How do I get out of debt?
So yes, if you would like to invest your money confidently, and in a planned manner, get in touch with us below.