OUR SERVICES
MUTUAL FUND
Mutual fund is a type of fund that consists of stocks, bonds, money markets and other securities. Each fund is made up of around 100 different securities. This diversified investment helps to overcome the ups and downs of the market, thus making it a safer way of investment.
A lot of different mutual funds are available in the market; each serves a different purpose and are suited for different types of investors.
Types of Mutual Funds:
- Equity Funds
- Fixed-Income Funds
- Index Funds
- Balanced Funds
- Money Market Funds
- Income Funds
- International/Global Funds
- Speciality Funds
- Exchange Traded Funds (ETF)
Every individual is different and has a different goal, based on the goal of the individual and the timeframe a variety of funds are available in the market. Unlike any traditional investment techniques like Bank FD’s or Investing in Stocks, Mutual Funds are more healthy investment option with higher returns.
INSURANCE
HEALTH INSURANCE
“To keep the body in good health is a duty…otherwise we shall not be able to keep the mind strong and clear.” – Buddha
But with variety of different lifestyle choices and the rise of new infections and diseases, it has become very challenging to be fit and healthy at all times. With the ever rising healthcare costs it has become extremely important for every individual to get themselves insured for the surprise hospital visits so that it doesn’t impact much on their pocket.
There are a lot of different Health Insurance schemes available in the market and choosing a suitable plan that fits one’s requirement is very important.
LIFE INSURANCE
We should always be prepared for the inevitable. Life Insurance helps an individual to secure their or their loved one’s future in case things don’t go as planned.
There are different Life Insurance plans available in the market which are designed for different type of individuals. One can get a plan that suits their requirements such as serving a long term goal such as their Kids education or marriage or provide a shield to the dependents when they aren’t around.
even future security like pension after retirement are also covered in some Life Insurance Policies. Our experts help our clients get the best type of Life Insurance plan based on their circumstances.
Different type of Life Insurance Plan’s:
- Term Plan
- Unit linked insurance plan (ULIP)
- Endowment Plan
- Money Back
- Whole Life Insurance
- Child’s Plan
- Retirement Plan
MOTOR INSURANCE
Like most countries, Motor Insurance is legally required in India. Owning quality motor insurance gives protection to the driver, the passengers and their vehicle. If a driver is caught driving without proper motor insurance they have a high risk of their vehicles being impounded on the spot. The driver could also be charged with heavy penalty by the courts if caught driving without proper insurance policy. In addition to all these issues, the driver may also get their license suspended or revoked for a certain amount of time.
A Comprehensive Motor Insurance Policy provides with a lot of benefits such as :
- Protection against Theft of vehicle
- Offers coverage for damage to property
- Provides coverage for hospitalization costs
- Reduces liability of the Insurer
- Compensates the family in case of death
- Offers coverage for natural and man-made calamities
With all these factors coming into play, it becomes extremely important to get a good Motor insurance that will cover every important factors while being easy on the pocket. Which we make sure for our clients.
TAX PLANNING
Tax Planning is done with a detailed understanding of an individual or company’s financial situation. A detailed research is done on the income amount, regularity of the income, expenses etc. before coming up with a proper plan. Tax planning is very important and should be considered essential by every individual and firm as it reduces tax liability and ensures maximum tax efficiency.
One can plan their taxes at the start or end of the Financial year or can plan their taxes with the help of the Taxation laws or can plan with specific purpose. Based on these different classifications, there are different categories of tax planning.
Which are:
- Short-range Tax Planning
- Long-range Tax Planning
- Permissive Tax Planning
- Purposive Tax Planning
In order to save the most and avoid any shady practices, tax planning is very important.
FINANCIAL PLANNING
Planning your finances is extremely important. It is one important factor that sets apart a person from their counterparts in terms of standard of living, ownership of luxuries etc. Every individual should plan their finances.
Financial Planning helps a person to do a lot of things more effectively, like managing income, Increasing cash flow, family’s financial security, objectives & risk tolerance, preparedness for emergency financial needs etc. An experienced and expert financial planning team can come handy while planning your finances.
At SL Wealth, we enable wealth creation for our client’s and become a part of their growth journey by increasing their wealth multifold.
Retirement Planning
However beautiful Retirement sounds to a working individual, it is also true that the monthly salary just vanishes when a person retires. It becomes extremely important to plan your retirement beforehand.
Retirement Planning is important for these major reasons:
- Lack of a social retirement benefit
- Rising Inflation
- Medical emergencies
- Financial independence
In order to support one’s lifestyle and cope up with the emergencies, it is necessary to start planning retirement early on in life.
Retirement planning can also be useful for those who are planning on living their dream life after they retire. Some might have a dream of travelling around the world or owning some luxury or living with their hobbies, everything is possible if the person plans well in advance.
FIXED INCOME
Fixed Income schemes helps the investors get a steady interest against their investment amount without the risk of market volatilities. These kind of investments are suitable for those who doesn’t want to take any risks. There are variety of schemes available which falls under the Fixed Income schemes like Bank FD’s, PPF, Listed PSU Bonds etc. These schemes are designed so that the investor earns more than their Bank’s Savings Account.
Our goal is to help our clients get maximum gains with the use of various schemes that are available under the Fixed Income Schemes. Generally these schemes come with a lock-in period.
Our experienced and professional team are regularly updated with the various schemes that are available and are newly introduced to the market so that we can provide a better solution to our clients which lead them to be wealthy and happy.
LOAN SERVICES
Expenses are inevitable in life, some planned while some unplanned. Whenever there is a need for money, people usually tend to get a loan in order to fulfil their needs. Loans are basically an amount that we borrow from a lender with a promise of returning the total amount with an additional interest amount agreed with the lender. Loans are generally provided by Banks, NBFC’s, private lenders etc.
There are different types of Loans available generally based on the requirements of the people. These loans are also categorised based on their nature.
Secured Loan
Secured loans are basically those types of loans in which a borrower has to provide security/collateral against the borrowed amount, which is returned when the total loans amount is paid off. There are different types of Secured Loans
Home Loan, Loan Against Property, Gold Loan, Loan Against Mutual Funds & Shares, Loan Against Fixed Deposit, Loan Against Insurance Policies.
Unsecured Loans:
Unsecured Loans are those where security isn’t involved against the loan amount. These loans generally have higher interest rates and require a good credit score to obtain them. Some of the Unsecured Loans are
Personal Loan, Short-Term Business Loan.
There are also other loan options which are available. At SL Wealth, we understand the requirements of our clients and based on their requirements we provide them with the best possible solution.
BALANCE TRANSFER SERVICES
Taking too long to repay a loan? Stuck with multiple loans? Credit card repayments causing hole in your pocket? We’ve got the right kind of solution for you.
At SL services, we understand our client’s money habits along with their goals and provide a solution unique to every individual where they can manage their money properly using our balance transfer services. We also help the one’s who are unable to manage their taxes well with the help of various balance transfer services.
In many instances, we are approached by clients who pay higher interest rates for various loans, Transferring the balance for these existing loans is something that we provide as a solution to our clients. Being experts, we are aware where our clients can get loans in lesser interest rates.
