Geojit Financial Services has unveiled an online financial planning tool to suggest comprehensive investment options based on life goals.
The new platform — Geojit Online Financial Planning — will allow a person in financial planning, including retirement planning, without engaging the services of an advisor.
A way to reach financial goals“It is a wholistically planned approach that will greatly guide an investor to reach his varying investment goals,” said Kurian, Chairman of Geojit.
“This is aimed at cultivating the habit of financial planning in the age group between 28 years and 45 years. Now financial planning is done only after the age of 40 years,” said Satish Menon, Executive Director, Geojit. The subscription-based platform launched by Milind Barve, Managing Director of HDFC Asset Management Company on Thursday, starts with understanding of the personal profile and risk tolerance level of the person. It will then capture investment, income, expense, assets and liabilities details and analyse them to generate a detailed investment plan.
The enrolment fee is set at ₹1,999, with subsequent renewal at ₹999.
However, under an introductory offer, the company is now giving 50 per cent discount for enrolment during the first three months.
Barve said that Geojit’s financial planning tool comes at a time when a number of investors are moving from bank deposits to mutual funds.