Take care of these 10 things to improve your financial portfolio.

As soon as you start your career, various consultants, insurance agents, post office agents, brokers and financial planners will open you for various types of investment products, plans, insurance policies, open PPF accounts, open an NPS account or open a demat account. Start giving suggestions.
Portfolio management
National Portfolio Day

As soon as you start your career, various consultants, insurance agents, post office agents, brokers and financial planners will open you for various types of investment products, plans, insurance policies, open PPF accounts, open an NPS account or open a demat account. Start giving suggestions. Among them you choose who influences you with your good conversation or presentation. Apart from this, your boss, sister or father advises you to invest in various schemes or start saving. By changing between 2 to 3 jobs in 10 to 15 years and by then you are 35 or 40 years old, you find yourself investing, insurance, passbook, Portfolio assessment report etc. If you are not good at keeping records or keeping papers secure then the problem increases. There is a great need here that you are a good organizer and you can control your investment / insurance. This is possible only when you are aware of the importance of "how to simplify your portfolio" by some rules.



What is Portfolio ?

  1. List of financial assets held by a person, bank or other institution
  2. Various types of securities are collected and their management and business are called portfolio. The risk of market is less than this system.

For a good coordinator build, follow the tips below.

1. Always choose the services of qualified / certified financial planners who will ensure that you invest in those schemes and buy the same insurance plans that meet your needs and goals.



2. Your qualified Financial Planners will keep an eye on your investments / insights in easy-to-use methods and will review you at regular intervals. It will also be in this situation that you can easily understand your entire portfolio in words so that you can understand it well.

3. If you can not afford a Certified Financial Planner or if you are going from city to city, then you need to invest some time in your laptop, iPod, iPad or smartphone and from your investment / insurance Specify all the information related to it so that you can know through its convenience if you need it without any files or papers. If you are proficient in Excel then you can keep all the information in Excel format and make sure that you keep a copy of your always kept, it can be in your mobile or other device near your spouse.

4. When a mutual fund portfolio is created, please ensure that if your total investment is less than 50 lakh then your Folios should not exceed 10 and if the investment is more than 50 lakh then Folios can not exceed 15 Should be there. If your folios are more then it will move above the rule of law, then you should get some folios together in order to bring it down to the right level.

5. If you have inherited some shares from your parents or if you have taken the company's IPO, you should keep all your stocks / stocks in demat format, not having more than 10 shares in your portfolio. needed. If you have, you can sell them or make changes in the form of income of the Mutual fund schemes.



6. All timely investments, insurance plans, bank deposits, post office plans, PPF etc. should be kept in mind for their renewal / maturity through either electronic or physical diaries. You should start taking necessary action about them from 2 to 3 weeks in advance so that you make sure that you do not forget their last date.

7. When it comes to insurance plans, you should not have more than 4-5 policies. One of them should be for your car, the other for your health, the third for your home, the fourth for your term plan and the last ULIP (ULIP) or a cross or whole life plan, to ensure that You are completely safe.

8. The details of all your investments and insurance plans should be mentioned in the same page so that they can easily understand your children or spouse at the time of need. It has been seen that a lot of people carry various types of investment papers with their whole life, for some of them they have to be nominated and not for some, in such a way that their family members at the time of their untimely demise Many types of documents have to be collected and from different sources they have to face many bad procedures to collect funds.

9. If you keep your investment plans around 10 to 15 and around the insurance policy 4 to 5 then you will be able to keep your eyes quietly at all your portfolio.



10. Regular review is its key and it is best to do it four times or three times a year. By making such a decision, you will not only save yourself from wasting time but also keep an eye on uninterrupted investment or terminated policies and this will also help you increase your returns.