Vin o d ra o an d An u rad h a Rao F in an cia l An aly s i s

Financial Analysis

PREPARED FOR Vinod rao and Anuradha Rao borivali 400076 MH

PREPARED BY Chief Financial Planner Max Sec Financial Planners Navi Mumbai Maharashtra

August 12, 2010

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Table of Contents
Introduction........................................................................................................................ Goal Summary..................................................................................................................... Investment Analysis ............................................................................................................. Financial Statements ............................................................................................................ Emergency Fund .................................................................................................................. Retirement Accumulation ..................................................................................................... Education Goal - Surya ......................................................................................................... Education Goal - Aditya ........................................................................................................ Accumulation Goal - Marrige Of Surya ................................................................................... Accumulation Goal - Marriage Of Aditya ................................................................................ Accumulation Goal - Accumulation Goal................................................................................. Life Insurance for Vinod ....................................................................................................... Life Insurance for Anuradha .................................................................................................. Estate Plan - Current Analysis ................................................................................................ Action Plan ......................................................................................................................... Delivery Acknowledgement - Advisor ..................................................................................... Delivery Acknowledgement - Client .......................................................................................

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Introduction
Vinod rao and Anuradha Rao,
I am pleased to present you with your personalized comprehensive financial report. The purpose of this report is to help lay out a roadmap for achieving your goals and objectives. Based on the information that you have provided, I have analyzed your current situation and outlined an action plan that will help you achieve your goals and objectives. As your financial situation may change over time, this report should not be considered final or definitive, but as part of an ongoing, long-term planning process. As changes occur in your financial situation, it is important to update your personal information in order to re-evaluate whether you are on track to meeting your goals. This report is meant to be educational, interactive and easy to understand. At any point, during or after our meeting, please feel free to engage me with questions.

Your Trusted Advisor,

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Goal Summary
The following table lists the goals that you have indicated are important to you. Along with your financial goals, you specified the associated Goal Year, Goal Amount and Amount Saved for each. Percent Complete is the percentage of the Goal Amount achieved. Goal Amount 6,17,508 Current Additional Surplus/ Assets Annual (Shortage) Allocated Savings 6,17,508 0 N/A

Goal/Objective

Percent Complete

Emergency Fund Retirement Goal in 2028. Education Plan for Surya Rao in 2015 Education Plan for Aditya Rao in 2018 Marrige Of Surya in 2022 Marriage Of Aditya in 2027

1,63,82,162 13,50,000

6,88,245

17,86,781

6,82,492 (12,50,644)

1,18,773

17,81,059

0 (21,94,525)

98,862

11,18,098

0 (11,70,345)

81,518

11,71,331

0 (12,26,066)

58,399

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Investment Analysis
Overview
Over time, one of the most important factors in determining the return on your portfolio is the asset allocation that represents the mix of stocks, bonds and cash that you own. The appropriate asset allocation can help provide diversification of your portfolio, enhance return potential, lower overall portfolio fluctuation and position your portfolio to take advantage of developing investment opportunities.

Combined Portfolio: Moderate Risk Profile

The graph and table below display the current, suggested and recommended changes for the assets allocated only to the combined portfolio. Based on the responses to the Risk Assessment Questionnaire, your risk profile is: Moderate Your Risk Profile has been overridden to: Moderate

Portfolio Risk 2.37% Portfolio Return 5.81%

Portfolio Risk 36.42% Portfolio Return 14.62% Current/Suggested Portfolio Current Current Suggested Suggested Amount Percentage Amount Percentage 0 0.0% 4,55,000 35.0% 0 0.0% 2,60,000 20.0% 0 0.0% 1,30,000 10.0% 0 0.0% 1,30,000 10.0% 30,000 2.3% 0 0.0% 0 0.0% 65,000 5.0% 70,000 5.4% 0 0.0% 12,00,000 92.3% 1,30,000 10.0% Change Amount 4,55,000 2,60,000 1,30,000 1,30,000 (30,000) 65,000 (70,000) (10,70,000)

Asset Class Large Cap Mid Cap Small Cap Sector Funds Unclassified Stocks Government Bonds Unclassified Bonds Liquid/Floating Rate Funds

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Commodities - Gold 0 0.0% 1,30,000 10.0% 1,30,000 Total 13,00,000 100.00% 13,00,000 100.00% The risk tolerance questionnaire and the asset allocation models are provided solely as guidelines. They are not intended to provide any personalized or fiduciary investment advice. The Capital Market Assumptions are presented for illustrative purposes only.

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Financial Statements
Financial Summary
Your net worth illustrates your assets or what you own and your liabilities which are what you owe. The difference between the two is your net worth. This is one of the major indicators of your financial situation.

Net Worth

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Cash Flow
The cash flow below is a projection over the current year, illustrating what incomes you are expected to receive such as your salary, investment income, etc. and what cash outflows you should expect such as expenses, liability payments, insurance premiums and savings. The difference is your net cash flow, which can either be a surplus, meaning that you have additional funds to allocate or a deficit, meaning that you are spending more than you are receiving in income. Cash flow is an essential factor to achieving your financial goals. Throughout this report, your savings recommendations are made based on your expected disposable income or income surplus from now until your goals are met.

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Asset Types
The main categories of your assets are shown below. It is important to see the proportion of each of these main categories to see where the bulk of your assets lie. The major categories of financial assets include investment assets, retirement assets and cash. These assets can be easily allocated to one or more of your financial goals. However, personal assets, real estate and business assets may need to be sold or you may have to borrow against these assets to fund your goals

Asset Type Real Estate Assets Retirement Cash Investment Total

Amount 1,94,50,000 13,50,000 10,00,000 3,00,000 2,21,00,000

Percentage 88.0% 6.1% 4.5% 1.4% 100.0%

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Portfolio Accounts
Portfolio accounts are the main categories that contain all your investment assets. This illustration excludes personal, real estate and business assets. Examples of portfolio accounts include brokerage accounts, retirement accounts, education accounts or other financial basket that holds a number of investments such as stocks, bonds and mutual funds.

Account

Type Amount Percentage Retirement 10,00,000 60.6% Retirement 3,50,000 21.2% Investment 3,00,000 18.2% Total 16,50,000 100.0%

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Current Net Worth

Net Worth is the difference between assets and liabilities. It is an excellent starting place for conducting a personal financial analysis because it provides an understanding of your overall financial circumstances, a sense of whether goals may be realistic and achievable and a benchmark for evaluating your progress.

Total Assets Investment Retirement Cash Real Estate Assets Total Liabilities Mortgage Loan Net Worth

2,21,00,000 3,00,000 13,50,000 10,00,000 1,94,50,000 85,00,000 85,00,000 1,36,00,000

100.00% 1.36% 6.11% 4.52% 88.01% 100.00% 100.00%

Your net worth illustrates that of your assets can be used to fund your financial objectives. These assets include your investment assets, retirement assets, education assets and annuities. Your net worth is based on information that you have provided. Please confirm the accuracy of this information.

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Current Cash Flow

The first part of your cash flow illustrates your current incomes which include employment income, investment income and income from other sources. The second part of the table illustrates your estimate of expenses and other cash outflows including debt payments, savings, insurance premiums, etc. The final item in the table is your net cash flow which is the difference between your incomes and expenses. This is what you should have left over at the end of the year. If this value looks too high or too low, please review your expense and income items to ensure you have properly estimated your expenses and included all incomes.

Total Income Salary Income Rental Income Total Expenses Housing Life Insurance Savings Income Taxes Cash Surplus/(Shortfall)

48,04,000 46,00,000 2,04,000 32,37,892 11,04,000 1,31,012 3,70,000 16,32,880 15,66,108

100.00% 95.75% 4.25% 100.00% 34.10% 4.05% 11.43% 50.43%

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Emergency Fund
It is important to establish an emergency fund to have sufficient liquidity (available cash) in case of a loss of job, unexpected medical expenses or other unforeseen events. Emergency funds should be invested in short-term investments such as savings, liquid funds or Bank FlexiDeposits.

Objective
Maintain an emergency fund in the range of 3,08,754 to 6,17,508 to cover 3 to 6 months worth of living expenses. An emergency fund is important in the event of an unexpected job loss, reduction in income or to cover unexpected expenses.

Current Situation
Analysis of Funding: You have 6,17,508 allocated to cover any unexpected expenses. This should cover your needs for most employment disruptions of 6 months or more or most unexpected expenses. Suitability of Investments: You have your entire emergency fund comprised of short term investments which are the most suitable to cover expenses that could occur at any time.

Advice
No changes are required. You have exactly the funds required to meet this goal. The amount you require for your emergency fund depends on your personal circumstances. Your job stability, additions to your family, change in relationship status and other near term financial goals will impact your decisions on the amount you should
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save. Review your needs for emergency funds from time to time when your situation changes.

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Retirement Accumulation
Objective
Vinod: Retire in 18 years at age 58. Anuradha: Retire in 20 years at age 58. Accumulate sufficient assets to sustain your desired retirement lifestyle. Margin of Safety: Plan for an amount of 1,00,00,0001 to increase the likelihood of meeting your retirement goal.

Current Situation
Retirement Funding: You are expected to meet your retirement goal based on a current rate of return of 7.00% and your portfolio is expected to last until the year 2061. Retirement Goal Probability: In dynamic market conditions, you are expected to have a 95%2, 3 probability of meeting your retirement goal. Investment Suitability: Your retirement portfolio may not offer sufficient returns for your risk tolerance. Your risk assessment suggests that you select more growth oriented investments that may provide a higher rates of return.

1 2

Expressed in today's value. The chance of meeting your goal is assessed using an analysis called Monte Carlo, which simulates various outcomes over your investment time horizon and arrives at a statistical probability of meeting your goal successfully. 3 IMPORTANT: The projections or other information generated by Monte Carlo analysis regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results.

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Advice
Rebalance your portfolio to the Moderate portfolio mix, which has an expected initial return of 14.62% and is more in line with your risk tolerance.

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Education Goal - Surya

Objective
Send Surya to college for 4 years starting 2015 and cover 100% of the expected annual cost of 4,00,000.

Current Situation
Education Funding: You are not expected to meet Surya's education goal. Based on a 6.18% current rate of return your portfolio is expected to have a shortage of about 12,50,6001. Education Goal Probability: You are expected to have less than a 5%2, 3 probability of meeting Surya's education goal based on changing market conditions. Investment Suitability: Surya's education portfolio may not offer sufficient returns for your risk tolerance. Your risk assessment suggests that you select more growth-oriented investments that may provide higher rates of return.

Advice
Rebalance your portfolio to the Moderate portfolio, which has an expected return of 14.62%4, 5 and is more in line with your risk tolerance.

1 2

Expressed in today's value. The chance of meeting your goal is assessed using an analysis called Monte Carlo, which simulates various outcomes over your investment time horizon and arrives at a statistical probability of meeting your goal successfully. 3 IMPORTANT: The projections or other information generated by Monte Carlo analysis regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. 4 Risk is defined by your education portfolio's standard deviation, which is a statistical measure of the range of returns over a historical period and not a guarantee of future stability.

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Alternatives: To help you meet this goal you may do any one of the following: Save an additional 1,18,800 annually to a taxable investment account, growing by 10% each year. Allocate an additional 12,09,600 this year in taxable investment assets to cover the goal shortage plus taxes on the asset growth. Reduce your planned coverage amount to 1,44,300.

Suggested Plan
The suggested plan illustrates your expected results if you implement the advice shown above. Investment Suitability: The suggested plan reflects a diversified portfolio in line with your risk tolerance. Accumulating Assets: By 2015, the education assets are expected to grow to 19,20,639. At the college end year, you are expected to have a surplus of 2,60,332. Market and Inflation Risk: You are expected to have a 38% probability of meeting Surya's education goal based on changing market conditions.

More Information
Given Surya's age, prepare to move your college investments to less volatile investments over the next few years. At age 13, encourage special academic, athletic and artistic abilities as your child prepares for high school.

Expected Rates of Return are a historical measure of past performance and are not a guarantee of future performance.

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Education Analysis - Surya: Current

The graph and table illustrate the growth and depletion of the assets that are allocated to Suryas education goal from now until the end of the goal. Education assets may include accounts such as Section 529 Plans, Coverdell Education Savings Accounts, UTMA/UGMA and taxable investment accounts. The asset growth is based on the current investment allocation.

Year 2010 2011 2012 2013 2014 2015 2016 2017 2018
1 2

Dependent Age 13 14 15 16 17 18 19 20 21

Beginning Assets 6,82,492 7,18,366 7,56,125 7,95,870 8,37,703 8,81,735 3,09,458 (3,64,327) (11,75,839)

Asset Growth 42,205 44,423 46,758 49,216 51,803 18,181 (39,035) (1,25,983) (2,29,945)

Education Expenses 0 0 0 0 0 5,87,731 6,34,750 6,85,530 7,40,372

Taxes 6,331 6,663 7,014 7,382 7,770 2,727 0 0 0

Ending Assets 7,18,366 7,56,125 7,95,870 8,37,703 8,81,735 3,09,458 (3,64,327) (11,75,839) (21,46,157)

Taxes include Growth taxes. Ending Assets = Beginning assets + Additions to Assets + Education Savings + Additional Savings + Additional Sources + Asset Growth - Education Expenses - Taxes. The cash flow table projects how client assets may grow based on certain assumptions about rate of return, resources allocated, systematic savings, growth rate of savings and average tax rates. Given that the investment rates of return and other economic factors are dynamic and vary constantly, the actual results may be substantially different from these projections.

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Education Analysis - Surya: Suggested

Year 2010 2011 2012 2013 2014 2015 2016 2017 2018
1 2

Dependent Age 13 14 15 16 17 18 19 20 21

Beginning Assets 6,82,492 8,61,243 10,69,735 13,11,949 15,92,363 19,20,639 16,37,884 12,76,388 8,22,450

Additional Savings 93,967 1,01,502 1,09,323 1,17,434 1,30,460 1,39,393 1,48,636 1,58,191 1,68,058

Asset Growth 99,746 1,25,871 1,56,342 1,91,741 2,32,724 1,94,804 1,46,608 86,354 11,996

Education Expenses 0 0 0 0 0 5,87,731 6,34,750 6,85,530 7,40,372

Taxes

14,962 18,881 23,451 28,761 34,909 29,221 21,991 12,953 1,799

Ending 2 Assets 8,61,243 10,69,735 13,11,949 15,92,363 19,20,639 16,37,884 12,76,388 8,22,450 2,60,332

Taxes include Growth taxes. Ending Assets = Beginning assets + Additions to Assets + Education Savings + Additional Savings + Additional Sources + Asset Growth - Education Expenses - Taxes. The cash flow table projects how client assets may grow based on certain assumptions about rate of return, resources allocated, systematic savings, growth rate of savings and average tax rates. Given that the investment rates of return and other economic factors are dynamic and vary constantly, the actual results may be substantially different from these projections.

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Education Goal - Aditya

Objective
Send Aditya to college for 8 years starting 2018 and cover 100% of the expected annual cost of 2,00,000.

Current Situation
Education Funding: You are not expected to meet Aditya's education goal. Based on a 7.00% current rate of return your portfolio is expected to have a shortage of about 21,94,5001. Education Goal Probability: You are expected to have less than a 5%2, 3 probability of meeting Aditya's education goal based on changing market conditions. Investment Suitability: You do not currently have any assets allocated to Aditya's education goal.

Advice
Rebalance your portfolio to the Moderate portfolio, which has an expected return of 14.62%4, 5 and is more in line with your risk tolerance.

1 2

Expressed in today's value. The chance of meeting your goal is assessed using an analysis called Monte Carlo, which simulates various outcomes over your investment time horizon and arrives at a statistical probability of meeting your goal successfully. 3 IMPORTANT: The projections or other information generated by Monte Carlo analysis regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. 4 Risk is defined by your education portfolio's standard deviation, which is a statistical measure of the range of returns over a historical period and not a guarantee of future stability.

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Alternatives: To help you meet this goal you may do any one of the following: Save an additional 98,900 annually to a taxable investment account, growing by 10% each year. Allocate an additional 19,96,400 this year in taxable investment assets to cover the goal shortage plus taxes on the asset growth.

Suggested Plan
The suggested plan illustrates your expected results if you implement the advice shown above. Investment Suitability: The suggested plan reflects a diversified portfolio in line with your risk tolerance. Accumulating Assets: By 2018, the education assets are expected to grow to 14,88,967. At the college end year, you are expected to have a surplus of 6,94,191. Market and Inflation Risk: You are expected to have a 45% probability of meeting Aditya's education goal based on changing market conditions.

More Information
Since Aditya's is just 8 years old, you still have some time to save and your investments can still afford to be bit more aggressive, within your risk tolerance.

Expected Rates of Return are a historical measure of past performance and are not a guarantee of future performance.

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Education Analysis - Aditya: Current

The graph and table illustrate the growth and depletion of the assets that are allocated to Adityas education goal from now until the end of the goal. Education assets may include accounts such as Section 529 Plans, Coverdell Education Savings Accounts, UTMA/UGMA and taxable investment accounts. The asset growth is based on the current investment allocation.

Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
1

Dependent Age 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23

Beginning Assets 0 0 0 0 0 0 0 0 0 (4,14,608) (9,12,138) (15,05,194) (22,08,105) (30,37,147) (40,10,801) (51,50,028)

Asset Growth 0 0 0 0 0 0 0 0 (44,422) (97,729) (1,61,271) (2,36,583) (3,25,409) (4,29,729) (5,51,789) (6,94,135)

Education Expenses 0 0 0 0 0 0 0 0 3,70,186 3,99,801 4,31,785 4,66,328 5,03,634 5,43,925 5,87,439 6,34,434

Ending Assets 0 0 0 0 0 0 0 0 (4,14,608) (9,12,138) (15,05,194) (22,08,105) (30,37,147) (40,10,801) (51,50,028) (64,78,597)

Ending Assets = Beginning assets + Additions to Assets + Education Savings + Additional Savings + Additional Sources + Asset Growth - Education Expenses - Taxes. The cash flow table projects how client assets may grow based on certain assumptions about rate of return, resources allocated, systematic savings, growth rate of savings and average tax rates. Given that

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the investment rates of return and other economic factors are dynamic and vary constantly, the actual results may be substantially different from these projections.

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Education Analysis - Aditya: Suggested

Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
1 2

Dependent Age 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23

Beginning Assets 0 93,967 2,07,142 3,42,198 5,02,142 6,94,982 9,20,711 11,83,725 14,88,967 14,25,823 16,90,599 16,16,152 15,28,807 14,04,150 12,30,073 9,97,080

Addition To 1 Assets 0 0 0 0 0 0 0 0 0 3,19,087 0 0 0 0 0 0

Additional Savings 93,967 1,01,502 1,09,323 1,17,434 1,30,460 1,39,393 1,48,636 1,58,191 1,68,058 1,78,391 2,00,959 2,36,142 2,51,623 2,62,984 2,74,613 2,86,494

Asset Growth 0 13,733 30,274 50,012 73,388 1,01,572 1,34,562 1,73,001 1,63,510 1,96,588 1,83,976 1,68,047 1,49,829 1,25,722 93,921 53,001

Education Expenses 0 0 0 0 0 0 0 0 3,70,186 3,99,801 4,31,785 4,66,328 5,03,634 5,43,925 5,87,439 6,34,434

Taxes

0 2,060 4,541 7,502 11,008 15,236 20,184 25,950 24,526 29,488 27,596 25,207 22,474 18,858 14,088 7,950

Ending 3 Assets 93,967 2,07,142 3,42,198 5,02,142 6,94,982 9,20,711 11,83,725 14,88,967 14,25,823 16,90,599 16,16,152 15,28,807 14,04,150 12,30,073 9,97,080 6,94,191

Addition to assets include proceeds from the sale of non-portfolio assets. Taxes include Growth taxes. 3 Ending Assets = Beginning assets + Additions to Assets + Education Savings + Additional Savings + Additional Sources + Asset Growth - Education Expenses - Taxes. The cash flow table projects how client assets may grow based on certain assumptions about rate of return, resources allocated, systematic savings, growth rate of savings and average tax rates. Given that the investment rates of return and other economic factors are dynamic and vary constantly, the actual results may be substantially different from these projections.

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Accumulation Goal - Marrige Of Surya

Objectives
Plan for 'Marrige Of Surya' costing 10,00,0001 in 2022.

Current Situation
Accumulation Funding: You are not expected to meet your 'Marrige Of Surya' goal. Based on a 7.00% current rate of return, your portfolio is expected to have a shortage of about 11,70,3001 and is expected to last until the year 2022. Accumulation Goal Probability: You are expected to have less than a 5% probability of meeting your 'Marrige Of Surya' goal based on changing market conditions.2, 3 Investment Suitability: You do not currently have any assets allocated to your 'Marrige Of Surya' goal.

Advice
Recommended Action: Rebalance your portfolio to the Aggressive portfolio, which has an expected initial return of 14.05%4, 5 and is more in line with your risk tolerance.
1 1

Expressed in today's value. Expressed in today's value. 2 IMPORTANT: The projections or other information generated by Monte Carlo analysis regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. 3 The chance of meeting your goal is assessed using an analysis called Monte Carlo, which simulates various outcomes over your investment time horizon and arrives at a statistical probability of meeting your goal successfully. 4 Risk is defined by your accumulation goal portfolio's standard deviation, which is a statistical measure of the range of returns over a historical period and not a guarantee of future stability.

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To improve the chances of meeting your 'Marrige Of Surya' goal, consider making higher contributions or allocating more assets. Setting aside additional funds and making higher contributions will provide a better margin of safety in meeting unexpected expenses, higher than expected inflation and uncertain market returns.

Alternatives: To help you meet this goal you may do any one of the following: Save an additional 81,500 annually, growing by 10%. Allocate an additional 12,58,600 this year in taxable investment assets to cover your shortage plus taxes on the asset growth.

Suggested Plan
The suggested plan illustrates your expected results if you implement all the advice shown above. Fund with Savings: You are expected to cover 100% of your 'Marrige Of Surya' goal with Savings. Market and Inflation Risk: You are expected to have a 38% probability of meeting your 'Marrige Of Surya' goal based on changing market conditions. Investment Suitability: The suggested plan reflects a diversified portfolio in line with your risk tolerance. Accumulating Assets: By 2022, the assets are expected to grow to 25,18,170. However at the goal end year, you are expected to have neither a surplus nor deficit for the 'Marrige Of Surya' goal.

Expected Rates of Return are a historical measure of past performance and are not a guarantee of future performance.

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Accumulation Goal - Marriage Of Aditya

Objectives
Plan for 'Marriage Of Aditya' costing 10,00,0001 in 2027.

Current Situation
Accumulation Funding: You are not expected to meet your 'Marriage Of Aditya' goal. Based on a 7.00% current rate of return, your portfolio is expected to have a shortage of about 12,26,1001 and is expected to last until the year 2027. Accumulation Goal Probability: You are expected to have less than a 5% probability of meeting your 'Marriage Of Aditya' goal based on changing market conditions.2, 3 Investment Suitability: You do not currently have any assets allocated to your 'Marriage Of Aditya' goal.

Advice
Recommended Action: Rebalance your portfolio to the Aggressive portfolio, which has an expected initial return of 14.05%5, 6 and is more in line with your risk tolerance.
1 1

Expressed in today's value. Expressed in today's value. 2 IMPORTANT: The projections or other information generated by Monte Carlo analysis regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. 3 The chance of meeting your goal is assessed using an analysis called Monte Carlo, which simulates various outcomes over your investment time horizon and arrives at a statistical probability of meeting your goal successfully. 5 Risk is defined by your accumulation goal portfolio's standard deviation, which is a statistical measure of the range of returns over a historical period and not a guarantee of future stability.

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After covering expenses, contributions and taxes, you are expected to have 15,66,1004 remaining this year for additional savings. Based on your projected cash flow, you should save a minimum of 3% of this income surplus each year and apply this surplus to your 'Marriage Of Aditya' portfolio. You should plan on contributing an additional 47,000 this year.4 To improve the chances of meeting your 'Marriage Of Aditya' goal, consider making even higher contributions. Setting aside additional funds and making higher contributions will provide a better margin of safety in meeting unexpected expenses, higher than expected inflation and uncertain market returns.

Alternatives: To help you meet this goal you may do any one of the following: Save an additional 58,400 annually, growing by 10%. Allocate an additional 13,85,100 this year in taxable investment assets to cover your shortage plus taxes on the asset growth.

Suggested Plan
The suggested plan illustrates your expected results if you implement all the advice shown above. Fund with Savings: You are expected to cover 100% of your 'Marriage Of Aditya' goal with Savings. Market and Inflation Risk: You are expected to have a 31% probability of meeting your 'Marriage Of Aditya' goal based on changing market conditions. Investment Suitability: The suggested plan reflects a diversified portfolio in line with your risk tolerance. Accumulating Assets: No assets are allocated to this goal. However, at the goal end year, you are expected to have a surplus of 1,48,830.

Expected Rates of Return are a historical measure of past performance and are not a guarantee of future performance. 4 Income surplus is the amount of funds remaining after meeting expenses. Refer to Action Plan for future recommended saving amounts.

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Accumulation Goal - Accumulation Goal

Objectives
Accumulation Goal (Accumulation Goal)-Cost of the Goal is not entered

Current Situation
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Advice
Accumulation Goal (Accumulation Goal)-Cost of the Goal is not entered

Suggested Plan
Accumulation Goal (Accumulation Goal)-Cost of the Goal is not entered

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Debt Management
Objective
Eliminate your total debt of 85,00,0001 to minimize the interest you pay while effectively managing your cash flow to meet savings and other expense needs.

Current Situation
Monthly Cost: Your current total monthly payments are 01.

1 1

Excludes Home loans and Business loans. Excludes Home loans and Business loans.

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Advice
Increase Payments: Based on the information you provided, your income is expected to exceed your expenses by 1,61,342 per month. Consider paying off your debt more quickly by increasing your monthly payments. Home Equity Financing: Your current loan to value ratio (LVR) is 43.7%. This is your mortgage total compared to the market value of all your real estate. You are eligible for financing up to 80.0% LVR. This means the maximum additional home equity financing available is 70,60,000. Your debt safety ratio is 34.8% which is above our recommended level of 20%. This value represents your loan and credit card payments (excluding business loans) divided by income after taxes (take home pay). This indicates a large amount of your income is allocated towards the payment of debt.

More Information
Match your payment date to your payday: Ensure your mortgage payments coincide with your household payment frequency. In other words, if you are paid every two weeks, make sure your mortgage payment frequency is the same. If not, speak to your mortgage lender. More frequent payments will reduce your interest and also reduce the amount of time you need to pay off your mortgage Put your plan in writing to establish an action plan outlining the steps you need to take to reduce and manage your debt.

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Life Insurance for Vinod

In reviewing your financial situation, it is important to consider the ability of your family and/or dependents to maintain their standard of living if something were to happen to you. The objective of this life insurance analysis is to determine whether there is a gap in survivor protection and, if so, how wide that gap is.

Objective
Determine the additional capital required to meet Anuradha's expenses in the event of Vinod's premature demise.

Current Situation
Insurance: Vinod has 1,20,00,000 life insurance coverage. Resources: In the event of Vinods premature demise 78,90,188 is available for Anuradha. Of these resources, 10,00,000 is available in your cash accounts to cover immediate needs.1 Assessment: There is expected to be sufficient capital to meet the income needs for Anuradha in the event of Vinod's premature demise.

Advice
Life Insurance Needs: Vinod has sufficient assets and insurance, hence does not require any additional capital to meet the income needs of Anuradha. Liquidity Needs: You have sufficient cash from your cash accounts and insurance policies to cover the immediate needs of 10,000 and the current outstanding debt of 85,00,000. You should always plan to meet debt payments, funeral expenses, taxes and estate settlement costs with insurance, cash or cash equivalent assets. Similarly you may plan for potential medical expenses and bequests as part of your immediate needs.

Resources include life insurance sources,current assets, future assets and income available to the survivor.

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This analysis addresses your current needs. However, your capital needs will change and be affected by events in your life. You should periodically monitor and adjust your coverage needs over time.

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Life Insurance for Anuradha

In reviewing your financial situation, it is important to consider the ability of your family and/or dependents to maintain their standard of living if something were to happen to you. The objective of this life insurance analysis is to determine whether there is a gap in survivor protection and, if so, how wide that gap is.

Objective
Determine the additional capital required to meet Vinod's expenses in the event of Anuradha's premature demise.

Current Situation
Insurance: Anuradha has 8,35,256 life insurance coverage. Resources: In the event of Anuradhas premature demise 9,20,40,188 is available for Vinod. Of these resources, 10,00,000 is available in your cash accounts to cover immediate needs.1 Assessment: There is expected to be sufficient capital to meet the income needs for Vinod in the event of Anuradha's premature demise.

Advice
Life Insurance Needs: Anuradha has sufficient assets and insurance, hence does not require any additional capital to meet the income needs of Vinod. Liquidity Needs: In the event of your premature demise, you have sufficient cash from your insurance policies to cover the estimated immediate needs of 10,000. You should plan to meet funeral expenses, taxes and estate settlement costs with cash or cash

Resources include life insurance sources,current assets, future assets and income available to the survivor.

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equivalent assets. You may also want to plan for potential medical expenses and bequests as part of your immediate needs.2 This analysis addresses your current needs. However, your capital needs will change and be affected by events in your life. You should periodically monitor and adjust your coverage needs over time.

This assumes meeting your immediate needs today and does not include your ability to meet projected future immediate needs.

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Estate Plan - Current Analysis

Overview
In simple terms, estate planning involves the transfer of all your assets during your lifetime and at death to your beneficiaries. Estate planning has two primary objectives: Meeting your personal objectives of who gets what and when Minimizing the taxes and payable upon the transfers If you choose not to establish an estate plan, the assets you have will be transferred at death. The problem is that they may not go to the people you want and much of your estate may incur significant fees and taxes. At the very minimum, your beneficiaries may experience lengthy delays before they receive any funds. By creating an estate plan, you can ensure that your beneficiaries and charities will receive what you intend and that the transfer will occur in an orderly and timely manner. Planning for your estate may involve a number of different documents including a will, trusts, power of attorney, etc. Estate planning is the arranging for the transfer of your property to your heirs and to other beneficiaries, in a way that will, as much as possible, achieve your objectives and minimize the associated costs and taxes. It is also important that you have estate planning professionals prepare the necessary legal documents to ensure your wishes will be carried out properly.

Objective
Accumulation Goal (Accumulation Goal)-Cost of the Goal is not entered

Current Situation
Accumulation Goal (Accumulation Goal)-Cost of the Goal is not entered

Advice
Accumulation Goal (Accumulation Goal)-Cost of the Goal is not entered

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Action Plan
Current Year Action Plan Retirement Savings Plan
The savings plan provided is based on your financial ability to save and reflects your expected income growth and your ability to meet other expenses. Retirement Savings Contributor1 Vinod Vinod
1

Account Type Annual Savings EPF PPF 3,00,000 70,000

Monthly Contribution 25,000 5,833

Growth Rate 10.00% 10.00%

Joint contributors assume total annual contributions are divided between both clients.

Rebalance Portfolio
Rebalancing your portfolio should be a key strategy in your plan. Proper diversification will allow you to maximize your return while minimizing your risks. You should begin by implementing the below portfolio strategy and periodically adjust your investment mix over time. Portfolio Profile Moderate Risk 36.42% Return 14.62%

Refer to the Asset Allocation section for the suggested allocation details.

Education For Surya Allocate Assets

You should set aside the following to be used exclusively towards education goal. Owner Account Description Vinod Vinod Savings Account Type Investment Account Savings Account
Amount 3,00,000 3,82,492

Savings Plan
The savings plan provided is based on your financial ability to save and reflects your expected income growth and your ability to meet other expenses. Investment Savings Contributor1 Joint Account Type Annual Savings Income Surplus* 93,967 Monthly Contribution 7,831 Growth Rate Varies
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Surplus is the amount of disposable income you have after meeting expenses and taxes. Joint contributors assume total annual contributions are divided between both clients.

Rebalance Portfolio
Rebalancing your portfolio should be a key strategy in your plan. Proper diversification will allow you to maximize your return while minimizing your risks. You should begin by implementing the below portfolio strategy and periodically adjust your investment mix over time. Portfolio Profile Moderate Risk 36.42% Return 14.62%

Refer to the Asset Allocation section for the suggested allocation details.

Education For Aditya Savings Plan

The savings plan provided is based on your financial ability to save and reflects your expected income growth and your ability to meet other expenses. Investment Savings Contributor1 Joint
*

Account Type Annual Savings Income Surplus* 93,967

Monthly Contribution 7,831

Growth Rate Varies

Surplus is the amount of disposable income you have after meeting expenses and taxes. 1 Joint contributors assume total annual contributions are divided between both clients.

Rebalance Portfolio
Rebalancing your portfolio should be a key strategy in your plan. Proper diversification will allow you to maximize your return while minimizing your risks. You should begin by implementing the below portfolio strategy and periodically adjust your investment mix over time. Portfolio Profile Moderate Risk 36.42% Return 14.62%

Refer to the Asset Allocation section for the suggested allocation details.

Accumulation For Marrige Of Surya Rebalance Portfolio

Rebalancing your portfolio should be a key strategy in your plan. Proper diversification will allow you to maximize your return while minimizing your risks. You should begin by implementing the below portfolio strategy and periodically adjust your investment mix over time. Portfolio Profile Aggressive Risk 36.77% Return 14.04%
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Refer to the Asset Allocation section for the suggested allocation details.

Accumulation For Marriage Of Aditya Savings Plan

The savings plan provided is based on your financial ability to save and reflects your expected income growth and your ability to meet other expenses. Investment Savings Contributor1 Joint
* 1

Account Type Annual Savings Income Surplus* 46,983

Monthly Contribution 3,915

Growth Rate Varies

Surplus is the amount of disposable income you have after meeting expenses and taxes. Joint contributors assume total annual contributions are divided between both clients.

Rebalance Portfolio
Rebalancing your portfolio should be a key strategy in your plan. Proper diversification will allow you to maximize your return while minimizing your risks. You should begin by implementing the below portfolio strategy and periodically adjust your investment mix over time. Portfolio Profile Aggressive Risk 36.77% Return 14.04%

Refer to the Asset Allocation section for the suggested allocation details.

Survivor Income
No additional capital is required at this time, however, you should review your needs from time to time.

Emergency Fund Allocated Assets

Emergency funds usually constitutes of highly liquid instruments, such as checking or savings accounts. Highly liquid instruments allow quick access to funds, which is vital in emergency situations. Asset Type* Description Fair Market Value Allocated Savings Account Savings 10,00,000 6,17,508
*

Liquidate non-cash assets allocated to meet your emergency goal.

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Delivery Acknowledgement - Advisor

We acknowledge that we have reviewed and understand the information and the assumptions contained within this financial analysis. We believe that all information provided by us is complete and accurate to the best of our knowledge. We recognize that performance is not guaranteed and that all future projections are included to help our decision-making process and may not be all encompassing. We also understand that our financial analysis should be reviewed periodically to ensure that decisions made continue to be appropriate, particularly if there are changes in family circumstances, such as material change in income, expenses or a change in our family status.

_______________ Vinod

________________ Anuradha

_______________ Date

_______________ Date

Disclaimer:
This plan has been prepared based on the information provided. We have not verified the accuracy or completeness of this information. As the future cannot be forecasted with certainty, actual results may vary to a significant degree from these projections. The degree of uncertainty typically increases with the length of the planning horizon.

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Delivery Acknowledgement - Client

We acknowledge that we have reviewed and understand the information and the assumptions contained within this financial analysis. We believe that all information provided by us is complete and accurate to the best of our knowledge. We recognize that performance is not guaranteed and that all future projections are included to help our decision-making process and may not be all encompassing. We also understand that our financial analysis should be reviewed periodically to ensure that decisions made continue to be appropriate, particularly if there are changes in family circumstances, such as material change in income, expenses or a change in our family status.

_______________ Vinod

________________ Anuradha

_______________ Date

_______________ Date

Disclaimer:
This plan has been prepared based on the information provided. We have not verified the accuracy or completeness of this information. As the future cannot be forecasted with certainty, actual results may vary to a significant degree from these projections. The degree of uncertainty typically increases with the length of the planning horizon.

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