Inside Pg No.

Indices 1st 28th Change

March March in (%)

2018 2018

The Stock MarketPerformanceDuring March 2018.

Sensex 34,046.94 32,968.68 -3.17

MIDCAP 16,461.27 15,962.59 -3.03

SMLCAP 18,084.94 16,994.36 -6.03

BSE-100 10,821.14 10,502.61 -2.94

BSE-200 4,572.00 4,432.62 -3.05

BSE-500 14,611.24 14,125.53 -3.32

Registered - R.N.I. No.: MAHENG/2007/19802 • Postal Regd. No.: MCN/72/2016-2018 • Posted at Mumbai Patrika Channel Sorting Office, GPO, Mumbai on 9th & 10th of every month.

Volume 12, Issue 4

April, 2018

A Month ly Publ icat ion f rom Wiseinvest Advisors Private Limited

Price ` 2

Inside Pg No.

“Wealthwise” is a monthly publication brought to you by Wiseinvest Advisors, which is a quality investment advisory firm that specializes in mutual funds. Our CEO, Hemant Rustagi, is a well known personal finance expert. He brings with him an experience of around 30 years in this field. He regularly writes articles for major national dailies and business magazines as well as appears as a personal finance expert on many investments related TV shows. Besides, our team of advisors has professionals who have spent years in the mutual fund industry. In the last thirteen years, thousands of our clients have benefitted from our quality advice and have made mutual funds as the mainstay of their portfolio. You can benefit too from our expertise for your existing as well as new investments. All you need to do is to just call up any of the offices or email your requirements at [email protected] and our professional advisors will do the rest.

Wealthwise

Address to be affixed here

2Don't Allow Short Term SIPReturns To Dampen Your Spirits

4Performance Of Select Funds

3It's Time For Debt FundInvestors To Act

Dear Investor,

The volatility in the stock market continued through the month of March 2018. While the benchmark Sensex logged a decline of 3.07 percent, the mid-cap and small cap indices were down by 3.03 and 6.03 percent respectively. The decline in the market continued as trade war fears roiled the sentiments across global markets. On the domestic front, political uncertainty had risen after the BJP's defeat in recent by polls in UP and Bihar.

The bond markets witnessed a rally as the government announced a surprise cut in its borrowing programme. Investors also cheered the government's decision to issue securities uniformly spread across different maturities in contrast to the previous format where a large part of the issuances were concentrated in the 10-14 year tenure. The 10 year bond yield dropped to 7.39 percent from 7.77 percent recorded during the month. Considering that liquidity is set to rise due to maturity of some papers and increase in government spending in the first month of the new fiscal year, the yields are likely to remain under check.

As for the stock market, the domestic volatility could normalise as declining yield and inflation may provide room for the Reserve Bank of India to extend their neutral stance, against rate hike expectation. The results season is likely to be the next major trigger as earnings growth remains in the initial stage of recovery.

India's CPI inflation softened to 4.4% year-on-year (YoY) in Feb'18, from more than 5% YoY growth in Jan '18. The inflation was lower than the market expectations of a slowdown to 4.8% YoY. The softening of headline inflation was on account of a decline in food inflation and a favourable base effect at work. The food inflation (as indicated by Consumer Food Price Index (CFPI)), fell to 3.3% YoY in Feb'18, lowest since Oct '17.

The start of a new financial year can be a good time for you to review your portfolio and plan your investments. Therefore, take a close look at your existing asset allocation. If it is too aggressive, it's time to rebalance it. On the other hand, if your asset allocation is too conservative, it's time to either start investing in an asset class like equity or increase exposure to give your portfolio a chance to earn positive real rate of return. It will be a good idea to make tax savings an integral part of your overall investment plan and begin investing at the start of a new financial year.

Warm regards,

Hemant RustagiEditor

5Why Adopting BalancedApproach For Your PortfolioIs A Must?

6It's Time To EmbraceFinancial Planning

April 2018 | Page No. 2

Don't Allow Short Term SIP Returns To Dampen Your Spirits

The stock market has been having a rough time over the couple of months.

The Sensex and Nifty are down around 10 percent from their peaks. In fact,

the correction in mid and small-cap stocks has been much deeper.

A combination of domestic and global factors like rising bond yields, re-

introduction of long-term capital gains tax on equities in the Union Budget

2018, a large-scale fraud at Punjab National Bank, emerging political

uncertainty in the country after BJP's defeat in the recent by-polls in UP and

Bihar, US President Donald Trump's trade tariff and tightening of rates by the

US Federal Reserve have contributed to this volatility in the market. On the

positive side, India's Q3 GDP data grew at 7.2 per cent, up from 6.5 per cent

and 5.7 per cent in the previous two quarters respectively. The Q3 GDP data is

the best growth rate recorded in a year.

While the current volatility doesn't really indicate reversal of the bull market

trend, investors will do well to brace themselves for a period of volatility in

the near term. However, they must also remember that volatility in the stock

market is a natural phenomenon and hence the key would be to keep focus on

their asset allocation. Although the current fall in the stock market has

negatively impacted the portfolios of equity investors, the impact is felt more

by those who started investing during the last one year or so. In fact, even

those investors who began investing through SIP during this period are

witnessing either very low or in some cases negative returns. No doubt, a

situation like this can be un-nerving for investors who have not yet become

familiar with the vagaries of the stock market. Some may have even started

wondering whether they did the right thing by investing in equity and equity-

oriented funds.

It is important for these investors not to panic and tackle the current situation

in the right way. First, they must remember that one year is too short a period

to analyze the performance of equity and equity-oriented funds. Second, the

basic objective of investing through SIP is to accumulate a corpus by

following a disciplined approach over a committed time horizon without

having to worry about the market levels. Third, investments made during

volatile periods help in bringing the average cost down. In other words, when

one invests through the volatile periods, the benefit comes in the form of

getting more units allotted. Last but not the least, the disciplined investors are

usually the first ones to benefit when the market starts recovering from a

rough patch.

While investing through SIP doesn't protect investors completely from the

volatility, the discipline of investing a fixed amount at a fixed interval ensures

that impact is much less on the performance of the funds. Simply put, it

always pays to invest for long term as well as stay committed to one's defined

time horizon to realize the true potential of equity as an asset class. Any

haphazard changes in asset allocation based on short-term trends in the

market may result in a huge shortfall in what one may be able to accumulate to

fulfil long-term investment goals like children's education and retirement

planning.

The right way to not feel compelled to act impulsively during such volatile

periods is to follow a goal-based investment approach. Since this process

involves assigning a time horizon to each of the goals, only long-term monies

get directed to equity and equity-oriented funds. This goes a long way in

allowing investors to stay calm during the turbulent periods and as a result

investment process continues un-interruptedly.

If you are one of those investors who may be facing the dilemma of what to do

now, you will take a major step towards building your financial future by not

panicking and avoiding to make a mistake of disrupting a carefully planned

investment process. In fact, if you began investing without having a well-

established time horizon, it's time to do so now. Remember, equity

investments require a time commitment and hence you must have one.

A Note To Our Esteemed ReadersWealthwise is being sent to some of you on a Complimentary basis as a part

of our humble effort to ensure that more and more investors get the best from

their investments. We sincerely hope that you would like the contents of

Wealthwise and in some way benefit from it. However, if you do not wish to

receive “Wealthwise” on a regular basis, please let us know either by

sending us a mail on [email protected] or by calling us

on (022) 65281507. You can also write to us at our Corporate Office address

mentioned on page 6.

Page No. 3 | April 2018

It's Time For Debt Fund Investors To Act

Debt funds can play an important role in the portfolios of investors looking to

earn higher returns than traditional options like fixed deposits and small

savings schemes. There are variety of debt funds that allow investors to invest

according to their varied time horizons. These are liquid, ultra-short term,

short-term, debt funds following different strategies like duration and accrual

as well as dynamic funds. The major differentiator between different types of

debt funds is maturity duration of their portfolios.

Considering that an inverse relationship exists between interest rates and

bond prices, funds with different maturity duration react differently to

changes in interest rates. For example, in a falling interest rate scenario, funds

that have longer maturity duration perform very well. However, in a rising

interest rate scenario, these funds perform poorly. A case in point is

performance of these funds over the last one year or so.

In January 2017 when 10 year g-sec yield was 6.40, one year return for

duration funds was in the range of 12-17 percent. Currently, when the yield is

around 7.78 percent i.e. a rise of 1.38 percent, one year return is in the range of

2-6 percent. During the same period, the impact of reversing rate cycle on

short term income funds as well as funds following accrual strategy has been

more subdued. That's because accrual funds aim to take advantage of

investment opportunities at the shorter end of the yield curve.

While this explains how different debt funds in your portfolio may have

behaved in the last one year, it's time for you to have a close look at your

portfolio and realign it, if required. At times, one can get swayed by short term

performance of a particular category of funds due to favourable market

conditions and invest aggressively in them. For example, many investors

either began investing in duration funds or increased their exposure to these

funds around a year ago expecting interest rates to remain low. However, the

reversal in the rate cycle has left them disappointed as the returns have fallen

substantially. No wonder, they are facing the dilemma of what to do with these

funds.

In fact, the recent hike in FD interest rates by some of the banks like SBI, PNB

and ICICI bank has made the situation even more tricky for them. If you are

one of those investors facing the dilemma of how to tackle the current

situation, you will do well to remember that debt funds remain a better bet

than traditional options both in terms of potential as well as tax efficiency of

returns. Of course, the key would to realign the portfolio in line with emerging

interest rate scenario. Short term income and accrual funds can be a good bet

for a time horizon of 2-3 years.

If you are willing to take some amount of risk to enhance your returns and

have the time horizon to allow the impact of volatility in the market to get

evened out, hybrid funds like equity savings and balanced advantage funds

investing in a mix of equity, arbitrage and debt instruments can a great option.

These funds also score over debt funds in terms of tax efficiency of returns.

To put tax efficiency of returns into a proper perspective, short-term capital

gains in debt funds i.e. gains realized on sale of units within 3 years are taxed

at one's nominal tax rate and long-term capital gains i.e. gains realized after

three years are taxed at 20 percent after claiming indexation.

For equity savings and balanced advantage funds, short-term capital gains i.e.

any gains realized within 12 months are taxed at a flat rate of 15 percent, and

long-term capital gains i.e. any gains realized after 12 months will be taxed at

10 percent w.e.f. April 1, 2018 without any indexation benefit. On dividend

distribution front, debt funds are required to pay Dividend Distribution Tax

(DDT) @ 28.33 percent, whereas hybrid funds as defined above, would be

required to pay DDT of 10 percent.

As is evident, a careful analysis of debt funds in your portfolio and realigning

it by including hybrid funds can enhance your returns as well as allow you to

stay ahead of inflation over the longer term.

(This article written by our CEO, Hemant Rustagi, was published in

Dalal Street Investment Journal dated March 19 - April 1, 2018).


Performance Of Select FundsData as on March 23, 2018

Mutual funds, like securities investments, are subject to market and other risks. As with any investments in securities, the NAV of units can go up or down depending on the factors and forces affecting capital markets.

Please check whether you have received dividend for the fund/s that you may have in your portfolio out of this list. In case, you do not maintain any portfolio statement, Wiseinvest Advisors can do that for you free of charge. Once we have the details, we would send your updated statement every month. You can contact our corporate office or our branch to avail of this free service.

EQUITY FUNDSDiversified Fund Launch 6 Mth* 1 Year* 2 Year** 3 Year** 5 Year** 7 Year** 10 Year** 15 Year**ABSL Frontline Equity Fund Aug-02 -2.26 8.32 15.48 7.96 16.99 13.49 13.45 22.15ABSL Sun Life Equity Fund Aug-98 -2.31 9.70 21.16 11.77 22.01 15.54 12.90 24.43Franklin India Prima Plus Fund Sep-94 0.00 8.18 13.79 7.94 18.70 14.66 13.90 23.58HDFC Equity Fund Jan-95 -0.99 9.34 18.35 7.68 16.70 11.62 13.90 24.03HDFC Top 200 Fund Sep-96 -2.11 7.24 17.24 7.30 15.15 10.98 12.87 23.79HSBC Large Cap Equity Fund Dec-02 -1.55 9.30 16.60 8.06 13.92 9.72 8.43 21.47ICICI Prudential Focused May-08 1.03 12.21 18.13 8.83 16.77 13.34 — —IDFC Classic Equity Fund - Regular Aug-05 0.89 13.64 20.85 10.26 15.68 11.89 9.18 —Kotak 50 Regular Plan Dec-98 -0.17 8.85 13.44 6.91 14.86 11.57 9.90 21.05Kotak Select Focus Fund Regular Plan Sep-09 -1.49 10.35 19.36 11.13 20.80 15.82 — —L&T Equity Fund May-05 1.60 11.97 16.85 7.45 17.48 12.37 13.08 —Motilal Oswal Multicap 35 Fund Apr-14 -1.68 13.61 24.47 14.46 — — — —Reliance Top 200 Fund - Retail Plan Aug-07 -0.01 12.26 17.58 7.96 17.81 13.64 12.09 —Invesco India Contra Fund Apr-07 6.40 18.90 23.04 12.22 22.80 16.27 15.99 —SBI Bluechip Fund Feb-06 -0.20 10.10 14.62 8.80 17.80 14.81 11.93 —

Sector, Specialty & Tax SavingCanara Robeco FORCE Fund Sep-09 0.23 13.88 22.60 11.16 18.80 15.18 — —HSBC Tax Saver Equity Fund Jan-07 -0.53 11.18 19.27 10.05 18.46 14.74 13.42 —ICICI Prudential Infrastructure Fund Aug-05 2.23 11.65 19.55 6.77 15.80 8.81 7.07 —Kotak Infrastructure and Economic Feb-08 -0.36 12.31 19.01 10.47 21.38 13.20 10.03 —Reliance Banking Fund May-03 -4.71 13.86 25.91 11.54 18.69 13.49 17.44 —Reliance Pharma Fund Jun-04 -0.11 -2.85 -0.43 -0.98 15.38 14.30 20.59 —Axis Long Term Equity Fund Dec-09 0.23 15.36 16.34 7.93 22.93 18.78 — —HDFC Taxsaver Fund Mar-96 -1.14 8.47 18.67 7.63 17.18 12.05 13.16 24.15IDFC Tax Advantage (ELSS) Fund Dec-08 4.00 24.08 24.02 11.38 21.70 16.60 — —Reliance Tax Saver (ELSS) Fund Sep-05 -6.08 7.16 16.29 6.04 21.84 16.24 15.69 —

Midcap & SmallcapDSP BlackRock Midcap Fund Nov-06 2.28 13.25 24.55 14.74 25.77 18.41 17.87 —Franklin India Smaller Companies Fund Jan-06 2.83 16.49 23.84 14.76 29.89 23.00 18.81 —HDFC Mid-Cap Opportunities Fund Jun-07 1.97 13.39 23.53 14.18 26.33 21.08 19.81 —HSBC Small Cap Equity Fund May-05 5.04 18.63 25.17 15.38 27.46 17.17 11.34 —Kotak Emerging Equity Scheme Mar-07 2.13 12.71 24.12 14.38 26.37 20.09 14.26 —L&T India Value Fund Jan-10 -0.34 13.44 22.34 14.83 25.46 18.77 — —Reliance Equity Opportunities Fund Mar-05 0.85 13.57 15.29 5.35 16.64 14.78 15.41 —SBI Magnum Global Fund Sep-94 4.19 16.99 14.80 7.31 20.96 18.22 14.50 27.24

HYBRIDEquity, Debt Oriented & Multi Asset ClassABSL Sun Life Balanced '95 Fund Feb-95 -1.60 7.94 14.73 8.89 17.02 13.30 13.74 19.95Canara Robeco Balance Fund Feb-93 0.53 10.74 15.29 8.67 16.24 13.55 13.23 19.24DSP BlackRock Equity & Bond Fund May-99 -0.50 8.53 15.41 9.50 16.07 11.91 11.94 19.05HDFC Balanced Fund Sep-00 1.47 11.71 16.78 10.21 19.02 15.38 15.91 19.02HDFC Prudence Fund Feb-94 -0.82 7.06 16.60 8.67 16.76 12.88 14.62 21.91ICICI Prudential Balanced Advantage Dec-06 2.60 9.26 13.30 9.03 14.62 13.65 12.51 —ICICI Prudential Balanced Fund Nov-99 2.56 9.83 17.74 10.64 18.04 15.78 13.05 18.65Kotak Balance Regular Plan Nov-99 1.44 6.96 14.30 8.05 12.77 11.00 9.79 17.30L&T India Prudence Fund Jan-11 -0.50 11.23 14.83 9.45 18.60 14.26 — —Reliance Regular Savings Fund - Bal. Jun-05 -0.06 12.07 16.04 10.53 17.48 14.11 14.71 —SBI Magnum Balanced Fund Dec-95 1.68 13.05 13.58 8.68 17.36 13.95 11.88 20.70Tata Balanced Fund - Regular Plan Oct-95 -1.25 4.82 10.43 5.02 16.31 14.02 13.40 20.08Axis Triple Advantage Fund Aug-10 1.68 9.09 9.47 6.06 8.20 8.71 — —HDFC Equity Savings Fund Sep-04 1.24 6.94 14.29 10.01 10.57 10.02 9.94 —Kotak Equity Savings Fund - Regular Oct-14 1.52 8.25 9.61 7.42 — — — —Reliance Equity Savings Fund May-15 0.66 8.72 10.69 — — — — —

Arbitrage Funds Funds Launch 3 Mth* 6 Mth* 1 Year* 2 year** 3 Year** 5 Year** 7 Year** 10 Year**ICICI Prudential Equity Arbitrage Fund Dec-06 1.49 2.85 5.85 6.20 6.38 7.43 7.88 7.33IDFC Arbitrage Plus Fund Jun-08 1.38 2.51 5.42 6.02 5.97 6.93 7.24 —Invesco India Arbitrage Fund Apr-07 1.66 3.10 6.02 6.11 6.38 7.04 7.49 6.95Kotak Equity Arbitrage Fund Sep-05 1.62 3.04 6.26 6.27 6.50 7.49 7.87 7.36

Dividends declared by equity and equity-oriented funds duringthe month of March 2018 Scheme name Date Dividend declared in ̀ Per unitFranklin (I) Flexi Cap (D) 01/03/2018 2.00

HDFC Large Cap Fund (D) 01/03/2018 2.25

HDFC MidCap Opportunities (D) 01/03/2018 3.00

HDFC Top 200 Fund (D) 06/03/2018 6.00

Axis Focused 25 Fund (D) 08/03/2018 2.00

DSP BR Equity Fund - Regular (D) 08/03/2018 16.00

DSP BR Natural Resources - Regular (D) 08/03/2018 2.20

Franklin India Prima Fund (D) 09/03/2018 6.50

ICICI Pru Exp&Other Services-RP (D) 09/03/2018 2.80

ICICI Pru RIGHT Fund (D) 09/03/2018 5.00

ICICI Pru Top 100 Fund (D) 09/03/2018 2.00

Invesco India AGILE Fund (D) 09/03/2018 1.81

SBI Contra Fund (D) 09/03/2018 2.30

SBI Emerging Busi (D) 09/03/2018 2.70

SBI Magnum Multicap Fund (D) 09/03/2018 1.90

SBI Magnum Multiplier Fund (D) 09/03/2018 11.00

SBI Magnum Tax Gain (D) 09/03/2018 4.00

SBI Small & Midcap Fund (D) 09/03/2018 9.10

IDFC Classic Equity - Regular (D) 12/03/2018 1.01

Mirae (I) Opportunities-RP (D) 12/03/2018 2.00

Mirae Asset Tax Saver Fund - RP (D) 12/03/2018 1.25

Tata Equity Opp. Fund - Regular (D) 13/03/2018 1.40

UTI Master Equity Plan (US) 13/03/2018 1.00

Axis Equity Fund (D) 15/03/2018 2.00

HDFC Infrastructure Fund (D) 15/03/2018 1.75

HDFC Long Term Advantage (D) 15/03/2018 4.50

HDFC Tax Saver (D) 15/03/2018 7.00

IDFC Infrastructure - Plan A (D) 15/03/2018 1.09

ABSL Infrastructure (D) 16/03/2018 2.11

ICICI Pru MidCap Fund (D) 16/03/2018 1.35

ICICI Pru Value Discovery Fund (D) 16/03/2018 4.15

ICICI Prudential Multicap Fund (D) 16/03/2018 1.20

L&T Tax Advantage (D) 16/03/2018 1.20

Reliance Growth Fund - RP (D) 16/03/2018 9.00

SBI Banking & Financial Services -RP (D) 16/03/2018 1.50

SBI FMCG Fund (D) 16/03/2018 12.70

SBI IT Fund (D) 16/03/2018 5.90

SBI Magnum Comma Fund (D) 16/03/2018 4.20

SBI Magnum Equity Fund (D) 16/03/2018 3.40

SBI Magnum Midcap Fund (D) 16/03/2018 1.80

SBI Pharma Fund (D) 16/03/2018 14.10

IDBI Diversified Equity Fund-RP (D) 19/03/2018 1.40

IDBI India Top 100 Equity Fund (D) 19/03/2018 1.50

JM Equity Fund (QD) 20/03/2018 3.75

Motilal Oswal Focused 25 - (D) 20/03/2018 1.80

Motilal Oswal Midcap 30 - (D) 20/03/2018 2.00

Motilal Oswal Multicap 35 - (D) 20/03/2018 1.75

Tata India Tax Savings Fund - Reg (D) 21/03/2018 10.00

UTI Top 100 Fund (D) 21/03/2018 2.70

Axis Long Term Equity Fund (D) 22/03/2018 2.50

Essel Equity Fund (YD) 22/03/2018 3.48

HDFC Equity Fund (D) 22/03/2018 5.50

HDFC Small Cap Fund (D) 22/03/2018 2.75

IDFC Premier Equity - Regular (D) 22/03/2018 2.17

ABSL (I) Opportunities (D) 23/03/2018 3.35

ABSL Bal. 95 Fund (D) 23/03/2018 5.10

ABSL Top 100 (D) 23/03/2018 2.10

Can Robeco FORCE - RP (D) 23/03/2018 2.50

DHFL Pramerica Tax Plan (D) 23/03/2018 3.20

Invesco India Contra (D) 23/03/2018 3.25

Kotak 50 - Regular Plan (D) 23/03/2018 3.60

Kotak Classic Equity - Regular (D) 23/03/2018 4.78

Kotak Emerging Equity - Regular (D) 23/03/2018 2.67

Reliance Equity Oppor - RP (D) 23/03/2018 4.75

Invesco India Mid Cap (D) 28/03/2018 3.25

Page No. 5 | April 2018

The ever expanding investment universe provides numerous investment

opportunities to investors for investing their money based on their investment

objectives, risk profile and time horizon. However, having too many options

also makes it tricky for investors to have the right combination of investment

options in their portfolios.

The level of success that investors can achieve depends on how they tackle the

dilemmas that often cloud their investment decisions as well as how they face

the challenges of making proper selection and monitoring the progress of their

portfolios.

While on one hand, the challenge could be to decide where to invest money,

on the other hand it is equally important to follow the right investment

strategy. Only those investors, who keep their focus on investment goals and

continue their investment process un-interruptedly, achieve investment

success on a consistent basis.

It has often been observed that even those investors, who initiate their

investment process through a well designed investment plan, make irrational

decisions when faced with difficult market conditions. One of the reasons

responsible for this kind of reaction from investors is the gap between the

perceived risk and unrealistic expectations in terms of rewards.

Most investors aim to get the highest possible returns. Although there is

nothing wrong with it, the lack of understanding about the potential return as

well as the attendant risks often creates a gap between what their portfolios are

designed to achieve and what they wish to achieve. The resultant desperation

often compels them to make abrupt investment decisions. The truth is that if

you do not take enough risk on your portfolio, higher returns would remain a

distant dream for you. At the same time, taking too much risk may turn your

dreams into your worst nightmares.

Therefore, if you are looking to plan for your financial security, you must find

a balancing point that can help you achieve your investment goals in line with

your risk taking capacity. This is where an asset allocation strategy has a role

to play. Asset allocation is the process of combining various asset classes such

as equity, debt, real estate and commodities into a portfolio. It helps because if

one asset class is losing money, the other asset class may be earning for you.

Remember, investing pre-dominantly in one asset classes has its pros and

cons. For example, if a substantial part of your portfolio consists of securities

belonging to a risky asset class like equity, the end result can deviate

substantially from your expectations over the short to medium term.

Considering that asset allocation is the most important factor in determining

the kind of returns you can get on your investments over time, it must be the

mainstay of your portfolio.

There is a myth surrounding asset allocation that it makes investors

compromise on returns. In reality, asset allocation is a form of diversification

that reduces your portfolio risk more than it compromises returns. Remember,

when you invest in two different asset classes that tend to go in opposite

directions in different market conditions, the combination is likely to have a

stabilizing effect on your portfolio.

For example, the stock market does well during an economic boom, and loses

ground during recessionary times. Bond market, however, goes in the

opposite direction. While the recessionary conditions are good for the bond

markets, a booming economy is not so good for it.

It is important to know that your portfolio must have adequate diversification

both in terms of asset classes as well as within an asset class. A well diversified

portfolio reduces the chances of your portfolio suffering from risks that are

usually associated with having concentrated holdings. Remember,

diversification helps in minimizing the impact of any negative performance

either in a sector/ industry or an investing style.

Having flexibility in your asset allocation strategy allows you to

accommodate the changes in your financial circumstances as well as the

changes in the economic cycle. Considering that economic environment has a

direct impact on the behavior of the financial markets, the level of flexibility

in your portfolio holds the key to how you can handle both positive and

negative impacts, especially during short and medium term.

It is vital to keep certain key points in mind while deciding your asset

allocation and practicing it over a period of time. The key ingredients should

be your time horizon, investment goals as well as your risk tolerance. As

different asset classes behave differently over different time periods, a

carefully designed portfolio can help in managing the market risk efficiently.

As your investment time frame and goals change, so should your asset

allocation.

It is equally important to select the most appropriate investment options. The

key considerations while selecting the instruments should be suitability,

flexibility, transparency, tax efficiency and liquidity.

If you do not take enough risk on your portfolio, higher returns would remain a distant dream for you.

At the same time, taking too much risk may turn your dreams into your worst nightmares.

Why Adopting Balanced Approach For Your Portfolio Is A Must?


Corporate OfficethAndheri : 602, 6 Floor, Sri Krishna Complex, Opposite Laxmi Industrial Estate, New Link Road, Andheri (W), Mumbai 400 053.

Tel : 65281507 / 26732676. Fax : 2673 2671. E-mail : [email protected] / [email protected]

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WISEINVEST ADVISORS PVT. LTD.

Date of Publication: 5th of every month.

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Registered - R.N.I. No.: MAHENG/2007/19802 • Postal Regd. No.: MCN/72/2016-2018 • Posted at Mumbai Patrika Channel Sorting Office, GPO, Mumbai on 9th & 10th of every month.

DISCLAIMER: All reasonable care has been taken to ensure that the information contained herein is neither misleading nor untrue at the time of publication, but we make no representation as to its accuracy or completeness. All information is provided without any liability whatsoever on the part of Wiseinvest Advisors Private Limited.

RISK FACTORS: Mutual funds, like securities investments, are subject to market and other risks and there can be no assurance that the scheme's objectives will be achieved. As with any investments in securities, the NAV of units can go up or down depending on the factors and forces affecting capital markets. Please read the offer document before investing.

Edited, Published and Printed by Mr. Hemant Kumar Rustagi, on behalf of Wiseinvest Advisors Pvt. Ltd. from 602, 6th Floor, Sri Krishna Complex, Opp. Laxmi Ind. Estate, New Link Road, Andheri West, Mumbai 400053 at AdvantEdge Offset Printers, K-7 Rizvi Park, S V Road , Santacruz (W), Mumbai 400 054. Design by Mosaic Design. Copyright reserved © 2007. All rights reserved in favour of Wiseinvest Advisors Pvt. Ltd.

Financial planning is the process of making informed money management decisions to secure your future. Financial planning helps to achieve financial goals and meet personal priorities, taking into consideration available resources, responsibilities, risk appetite and lifestyle. A financial plan lays down the allocation of savings across various asset classes to achieve an appropriate risk-reward balance.

Do you need a financial plan?All individuals and families regardless of age or income need a financial plan so that they know that they are saving enough for retirement, education funds or a new home. A financial plan gives you the discipline necessary to save money. A qualified and experienced financial planner can help you plan your investments so that you get the best returns for your risk level by spreading your investments into the different asset classes as well as investment options.

Wiseinvest Advisors is a SEBI registered Investment Adviser (Registration No. INA000000664). To maintain an arm's length distance between our Advisory and Execution services, we have set up a separate department named Investment Adviser Department (IAD).

We can help you achieve your goals by providing comprehensive fee based financial planning and making recommendations of financial products that suit your requirements the most. Our mission is to help you overcome uncertainty and take control of your finances and move confidently towards achieving your goals. The basis of fee calculation is the complexity of the engagement.

Remember, financial planning doesn't have to be an intimidating process. We have qualified and experienced advisers who can make financial planning a simple and fruitful process for you.

Our process:

Step 1: The first meeting provides an opportunity for you and us to get to know each other. You also get an opportunity to decide whether we have the capability to fulfill all your requirements.

Step 2: Establish a clear understanding of your goals and objectives as well as analyze your current situation. We have a discussion to determine what you want to achieve with your wealth.

Step 3: Determine your risk profile through discussion and a psychometric test. This enable us to find out how much risk you would like to and need to take to achieve your goals.

Step 4: Develop your unique financial plan. This will also include the recommended asset allocation and various investment options that suit your needs. While doing this, we also analyze your current investments. We present a final version of your customized financial plan so that you're positioned to move forward.

Step 5: Implement the investment plan. There would be no obligation on you to choose Wiseinvest Advisors to implement the recommendations made in the financial plan.

Step 6: We'll meet regularly to proactively address changes in your circumstances, as well as those in the markets, economy and taxes.

If you are keen to start the process of financial planning, you can get in touch with Investment Advisers at our Andheri office.

It's Time To Embrace Financial Planning

Inside Pg No.

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