How a Mutual Fund Planner Can Help You Reach Your Financial Goals

Regardless of whether you have short-term or long-term, all financial goals require careful planning and organised execution. The majority of us used to base our goal-based savings on conventional investment plans like FDs not too long ago. But in recent years, more and more wise investors are looking to sip mutual fund planners to assist them in achieving their objectives. The total value of the industry’s assets is currently getting close to 40 lakh crore. Here are a few ways a mutual fund investment planner can be helpful if you’re thinking about using mutual funds to plan for your future financial goals.

Starting with a Comprehensive Financial Plan

● Importance of planning for goal-based savings
You may have some desires and dreams, and that is perfectly normal. Goal-based investing is a method in which you make investments after establishing goals for what you hope to accomplish in the future. Goal-based investing is significant because it not only provides you with a sound investment strategy but also points you in the right direction for realising your aspirations and, as a result, relieves your future of stress. With the help of an online mutual fund investment plan you can start planning for your long term goals.

● Analysing cash flows and reducing unnecessary expenditures
For people and businesses to manage their finances efficiently, cash flow planning is crucial. In order to ensure overall financial health, factors including income and expenses, fixed and variable costs, cash inflows, and outflows must be evaluated. A thorough cash flow plan can be produced by seeking the advice of a financial advisor.

● Annual review with Mutual Fund Investment Planner
A yearly review of your plan with your sip mutual fund investment planner will also ensure that your savings are always in line with your ever-changing life circumstances.

Fund Selection Based on Time Remaining to Goal

● Ignoring personal risk appetite for fund selection
No matter what level of risk you are comfortable with, you should only choose the best sip to invest based on how much time is left until your goal. Choosing low-risk debt funds for, say, a retirement goal that is 30 years away wouldn’t be justified by the fact that you are a risk-averse investor, for example. Conservatism may cost thousands or even millions of dollars in this situation.

● Choosing funds based on the time remaining to goal
Additionally, a large portion of the risk of capital loss would be absorbed by the long-term nature of your goal. In contrast, when making plans for short-term goals, even flamboyant risk-takers must adopt a more subdued attitude.

● Choosing equity-oriented funds for long-term goals
When you make investments in equity-oriented funds for a goal that is only two or three years away, you run the risk of having to take capital out when your goal date comes around and book losses in the process. The best systematic investment plan for your goals can be selected with the aid of your sip planner.

Inculcating Discipline through Monthly SIPs

● Importance of monthly SIPs for goal-based savings
Instead of deciding to invest money in your goals as and when surpluses become available, establish discipline in your goal-based savings through regular SIPs (Systematic Investment Plans).

● Advantages of putting goal-based savings on auto-pilot
If you don’t put your goal-based savings on auto-pilot with SIPs, you’ll undoubtedly notice that they get put on hold each month in the face of one significant “unplanned” expense after another. Automated investing offers regular investors the advantages of managed investment funds without fees. It reduces risk while increasing the possible returns on investment.

● Avoiding large unplanned expenses that can hinder goal-based savings

Because debts can prevent savings and accumulate interest over time, reducing the amount that can be saved, effective debt management is crucial for achieving financial stability. However, you can get started by prioritising payment of the most expensive debt and making long-term repayment plans for the others. When debt is eliminated, there is more money available for saving and investing in the best sip to invest with a high return.

Stepping Up Goal-Based Savings at Regular Intervals

● Starting with a comfortable amount and increasing savings over time
Start with an amount that feels comfortable, but make sure to gradually increase your goal-based savings over time. Many Mutual Fund SIPs have built-in “step up” features that automatically increase your outlay by a predetermined percentage on a periodic basis.

● Advantages of Mutual Fund SIPs with inbuilt “step up” features
Increasing your monthly systematic investment plan contributions can have a significant impact on your long-term wealth creation and significantly increase your chances of reaching your financial objectives.

● Customised step-up plans that align with your pocket
Your mutual fund planner can create a personalised step-up plan that will be easy on your budget while keeping you on track to achieve your objectives.

The Importance of Tracking Your Progress

● The significance of tracking goal achievement to date
Unfortunate as it may be, many well-intentioned goal-based investments end up failing soon after they begin. Financial planners advise investors to set goals and invest to meet them using mutual fund products rather than randomly placing money into any mutual fund or new fund offer that comes their way.

Financial planners advise investors to set goals and invest to meet them using mutual fund products rather than randomly placing money into any mutual fund or new fund offer that comes their way.

● Using tech tools to keep score and stay aligned to end objectives
Using technology to “keep score” and keep you focused on your goals is something your mutual fund planner should do. A tracking tool that calculates the remaining time until you reach your goal as well as other crucial metrics can help you succeed more than you might expect!


Investors who use mutual funds can select from a variety of plans based on their various financial objectives, level of risk tolerance, investment horizon, and investment amount.
Start with a thorough Financial Plan instead of just randomly investing in mutual funds or haphazardly charting your goals on an Excel sheet.

By assisting you in better cash flow analysis, removing or reducing unnecessary recurring expenses, and freeing up more surpluses for your goal-based investments, doing so will give your goal-based savings a lot more perspective. A yearly review of your plan with your mutual fund investment advisor will also help to keep your savings consistently matched to your ever-changing life circumstances.

CA Mukesh Gupta
CA Mukesh Gupta
Mukesh Gupta is the founder and director of Wealthcare. He is Fellow chartered accountant, Certified Financial Planner and Certified Public Financial advisor. He is in financial services industry since 1994. He conducts free money management sessions for corporates and associations on topics related to Personal finance. His previous engagement was with Birla Sunlife group. He regularly writes on topics related to Personal finance and occasionally appear on electronic media.

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