We are proud to share that our esteemed clients, The Mahajan Family from Pune, were featured in a comprehensive article in Economic Times Wealth
(January 20-26, 2014).
The article highlighted the Mahajan family’s financial journey and how their proactive approach, guided by NS Wealth, helped them work towards achieving their long-term financial goals.
Article Overview: “Early Start, High Saving Rate to Help Reach Goals”
Key Highlights of the Feature:
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Client: Sandeep Mahajan, a 36-year-old IT professional, along with his wife Shweta and daughter Nupur.
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Financial Planning: The Mahajans approached NS Wealth to secure their financial future. The article emphasizes how Sandeep, initially wary of the stock market, decided to take the help of a professional financial planner to overcome his fear of equities and shift towards a more balanced investment approach.
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Focus on Debt Reduction: The Mahajans were holding 67% of their portfolio in debt, which was not conducive to achieving their long-term goals. NS Wealth recommended a more diversified asset allocation, including a strategic shift towards equity investments to ensure higher growth potential over time.
NS Wealth’s Contributions:
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Personalized Financial Plan: NS Wealth helped the Mahajans define and prioritize their financial goals, including Nupur’s education, marriage, retirement planning, and setting up a contingency fund.
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Risk Management: The article highlights how NS Wealth addressed the Mahajans’ concerns by guiding them through their insurance needs, ensuring their family was adequately covered in case of emergencies or unforeseen events.
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Asset Reallocation: To achieve their financial goals, such as accumulating ₹2.6 crores for retirement, NS Wealth recommended a shift from a high debt allocation to a more growth-oriented portfolio. This included setting up SIPs (Systematic Investment Plans), equity mutual funds, and other investment vehicles.
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Financial Security: With NS Wealth’s guidance, the Mahajans were able to create a structured savings plan, ensuring that they could comfortably meet future financial milestones like their daughter’s education and marriage without compromising on their lifestyle or financial security.
A Testament to NS Wealth’s Approach:
Sandeep Mahajan’s story is a testament to how professional financial planning
can make a significant impact. Starting early, coupled with a high savings rate and proper asset allocation, enabled the Mahajans to work towards their financial goals in a systematic and informed manner. At NS Wealth, we believe in empowering families like the Mahajans by providing personalized, fee-based financial planning services that help them achieve financial freedom. We are honored to have been part of their journey and to have this recognized in Economic Times Wealth.
