Winning lotteries, unexpected inheritance of wealth, unusually high capital gains earned – all these are instances of sudden wealth. However, given the human nature of frittering away such sudden wealth, the financial planner can channelize the wealth into investments, for the long term benefit of the investor’s family.

The AMC arranges for the requisite offices and infrastructure, engages employees, provides for the requisite software, handles advertising and sales promotion, and interacts with regulators and various service providers.

Re Purchase (Redemption) Price = Applicable NAV less Exit load (if any)

                =  40 less 1%

                =  40 - 0.40

                =  39.60

Investor needs to pay wealth tax every year, on his physical gold holding.

However, investment in mutual fund schemes is exempt from wealth tax.

Research studies have proved that the equity returns have outperformed the returns of most other forms of investments in the long term.

As per SEBI guidelines, NFOs [other than ELSS and RGESS]  can remain open for a maximum of 15 days.

Allotment of units or refund of moneys, should be done within 5 business days of closure of the scheme and Open-Ended schemes have to re-open for sale / re-purchase within 5 business days of the allotment.

KYC requirements have to be complied with, by both, investor and PoA holder.

A Financial plan has to be reviewed at regular intervals to accomadate the clients current financial situation and his needs.