What is the Biggest Challenge?
The financial landscape in India offers a wide array of options for consumers, ranging from mutual funds and life insurance policies to health insurance plans, bank investment products, post office schemes, and gold investments. With 44 AMFI registered fund houses collectively offering over 2,500 mutual fund schemes, 28 life insurance companies providing 1,333 products, and 7 health insurance companies offering 1,820 products, consumers are faced with a complex bouquet of choices.
In addition to these, banks offer various investment products, including savings accounts, fixed deposits, and investment funds. Post office schemes provide additional avenues for investment, catering to different risk appetites and financial goals. Moreover, investing in gold is also a popular option in India, with various methods such as physical gold, gold ETFs (Exchange Traded Funds), and gold savings schemes available to investors.
Navigating through this plethora of financial products can indeed be daunting for consumers. It underscores the importance of financial literacy and seeking professional guidance to make informed decisions aligned with individual financial objectives and risk profiles.
How Do We Help
While the sheer number of financial products available in the market can be overwhelming, not all of them are necessary or suitable for every individual. By focusing on essential financial products, promoting simplicity and transparency, and providing personalised guidance, we empower you to make informed decisions and achieve your financial goals effectively.