Network FP Thinktank

Network FP Thinktank is an Online Professional Journal by Network FP wherein we share the articles written by top-class financial advisors and industry thought leaders from across India and world.

Making way through unforseen and unprecedented times

Amit Trivedi
Owner, Karmayog Knowledge Academy
July 7, 2020

“This is an unprecedented event. We haven’t seen anything like this before. Nobody saw it coming.” Well, these are some of the most common reactions to the current state of the pandemic and the response of the governments of various countries. How should one react in such situations? How does an advisor handle the clients […]

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Are you really simplifying your client’s life?

Ashish Modani
Founder, SLA Financial Solutions
June 30, 2020

Recently one of my family member got into some medical trouble. We rushed him to a Doctor and after examining him, the doctor said, “He is suffering from Acute MI.”  I was like – WHAT?? The Doctor said – he is suffering from Acute Myocardial Infarction. I stood there, confused. The Doctor then said – […]

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Giving a purpose to goal-less investments

Nitesh Buddhadev
Nimit Wealth Management
June 23, 2020

Sometimes, life’s best lessons are learned through stories. A foreman, who was given the charge of a gang of extremely lazy labourers, asked them to dig ten feet deep holes near a large steel mill. The lazy workers were further agitated when they were told to dig the holes here and there. As time went […]

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Ensuring a Financially Fit Next Generation

Kunjal Shah
Director, Getting you rich
June 16, 2020

This lockdown due to Covid-19 has given us many life-changing lessons. We understood the importance of immunity for our physical fitness and the importance of emergency corpus for our financial fitness. Every parent wishes to make their son or daughter very successful in their life. They try to give them the best academic and overall […]

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Rebuilding Small Businesses post Covid-19

Viral Bhatt
Founder, Money Mantra
June 9, 2020

Normalcy seems a long-lost reality of our lives. It is lost since a virus has wreaked havoc globally. Everything is affected by the pandemic – your small business as well as your dreams. Are you wondering if this nightmare will end soon and if you will ever be able to get your business back to […]

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And Ratnakar became Maharishi Valmiki…

Amit Trivedi
Owner, Karmayog Knowledge Academy
June 4, 2020

Once upon a time, there was a very skilful hunter named Ratnakar. He was not just a hunter; he was a cruel and fearless thief. He was living in the forests and whoever passed by that forest would be stopped and Ratnakar would rob them off all their possessions. He would feed his family through […]

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How to talk to clients about new developments in the Franklin Templeton scheme winding up issue?

Network FP Taskforce
Taskforce

There have been a lot of updates and circulars doing the rounds with reference to the 6 wound up debt mutual fund schemes of Franklin Templeton(referred to as the said 6 schemes henceforth). While each of these communications are self-explanatory and comprehensive, they are often ridden with language warranted by disclosures, legal stands as well […]

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“Was winding up the best option for the 6 Franklin Debt schemes?” and other questions answered

Sanjay Sapre
President, Franklin Templeton
May 19, 2020

Interactions are better than intimations. This holds true especially in times of immense confusion, fear, uncertainty and adversity. It is with this intention that Network FP reached out to Franklin Templeton after the episode of winding up of 6 of their Debt Mutual Fund schemes. Following the UpSkill session with Mr. Sanjay Sapre, President, Franklin Templeton Asset Management (India) Ltd., for the Network FP Pro Members, we reached out to him again with some of the pertinent concerns posted by our own Network FP Pro-members during that day’s session. The response from Franklin Templeton India captured in today’s blog post includes important notices and detailed explanation of their views relating to their decision and the way forward as a Mutual Fund house. Read on to get your queries addressed

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Retirement Planning in Practice for the younger generation

Kiran Telang
May 12, 2020

Retirement is a definite destination in life- your client will retire, so will you. Our lifestyles, priorities, needs and income will all change. While for some, retirement is a dream destination, for others it can cause nightmares. The past two months in quarantine have showed some of us a glimpse of how retired life could look. Not just in terms of lifestyle but also the possibility of low or no income.
“You should start investing for your retirement from your first paycheck” is what we are up-skilled to tell our clients. This is a good stage to connect with younger clients and shift the conversation gears towards retirement. Get them to plan about something which is practically decades away. “How?”, you may ask.

Today, Ms. Kiran Telang shares with us a few thoughts on approaching retirement planning for the younger demographic and guides us through having some of these conversations. Whether they wish to spend their retirement in forced “quarantine” or have enough resources to live freely..the answers will be clearer to them.

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How to help individuals choose between the Old and New Tax Regime for FY 20-21

Arvind Rao
Founder, Arvind Rao & Associates
May 5, 2020

I remember my friend Abhishek (the last one from my college group who got married just last year) and his happiness when he announced (in May 2019) that he was going to get married in December 2019. Initially, for him, it was like he just couldn’t wait for these months to get over and be […]

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