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Why should I get a Financial Advisor instead of doing investments online?

Before understanding if you really need a financial advisor or you can do it by yourself, ask yourself following questions:
Are you proficient in Finance?
Do you understand that there are multiple requirements which you might have throughout the year like taking statements, analysis of your portfolio, dividend options?
Do you have enough time to track 100 mutual funds to find mutual funds which matches your risk appetite, growth aspiration?
In case the financial market starts sinking, will you have enough discipline to retain?
Have you planned properly how much money you need after 5 / 10 / 15 / 20 and post retirement after factoring in the current income and possible incomes?

A financial planner or financial advisor is your personal guide who handles dozens or hundreds of clients like you, who tracks different investment opportunities for your benefit. She tells you to save taxes, grow your money to fullest in shortest possible time, matching risky investments according to your risk taking appetite.
They also continuously follow-up with you to tell you about what's the current state of portfolio and how you need to switch from one poor performing investment to another better one.

Switching is part of active investments and to grow your wealth you need someone who regularly monitors your investments.

Financial planning involves sketching a road map of how much money you will need at different stages of life and how you can save for that. This wisdom is achieved by managing portfolios of hundreds over the years. Financial Advisors eventually master this act of making road maps for their clients so that even clients can understand their road map to achieve financial goals.

"A lot of technicalities are involved in preparing a plan-inflation, expected returns, suitability of product, asset allocation. It requires a blend of experience and technical knowhow," says Mathur of ICICI Securities.

We at SK Financials builds a holistic model of your situation and plans for your long-term objectives to assist you in achieving your financial goals.

PM Modi announces new housing schemes, rebate to people seeking home loan

Prime Minister Narendra Modi on 31st December during the address to the nation announced that the government would give rebates of 3-4% on interest rates to the people who would seek loans to build their houses in 2017.

"To help the middle class and the poor buy or build their homes, the government has brought two schemes under the Pradhan Mantri Awas Yojana," Modi said in his address to the nation on New Year's Eve.

He said a concession of 4% will be given to those taking a loan of up to Rs 9 lakh and three per cent on Rs 12 lakh.

The Prime Minister also said that the government would build 33 per cent more houses in villages under the Pradhan Mantri Grameen Awas Yojana.

Modi also said those who wanted to modify their building or houses, would get three per cent concession on loan of up to Rs 2 lakh.

This is indeed a great opportunity for Indians to get a dream Home for themselves. We at SK Financials make the Home Loan process easier which has benefited hundreds of our competitors in the past and in case you require any support in getting Home Loan from major Banks like State Bank of India, ICICI Bank, HDFC Bank, LIC Housing Finance, Indiabulls, we are just a call away.

News Source:

Don't stop your SIPs ( Systematic Investment Plan )

Don't stop your SIPs ( Systematic Investment Plan )


State Bank of India Home Loans starts at 9.30% for Women

This is indeed a great news for people who are looking for Home Loan for their Dream Home. The Bank has reduced the Interest Rates of Home Loans which will help everyone save Lacs of rupees ( depending upon the Home Loan Amount and tenure ). State Bank of India Home Loans starts at 9.30% for Women and 9.35% for Men.

People who have taken Home Loan from other Banks like ICICI Bank, HDFC Bank, etc. can switch to State Bank of India and save money !

Why should you get a Mediclaim cover today ?

Healthcare Costs have costs at more than 15% annually and it puts real strain on finances of the family. It hurts even more when the family has not much contengency planning done already.

Too much optimism in healthcare can lead to major financial losses. It may not happen immediately but over the course of let’s say 5 years, even 1 major health issue can put big dent on finances.

Following are a few ways to prevent Health led financial losses:
1. Have a healthy lifestyle
    1. Eat Healthy, Do regular exercises,, go out for walk with your loved ones.
    2. Get a Mediclaim
        1. It costs minuscule amount when you are 20 something and the premium for same amount increases with age.
        2. Secure yourself with Mediclaim along with your family members to stay tension free because in case of any eventuality, your mediclaim card will save you lacs of rupees and you will be miraculously saved, financially.

If you are 40 something already ?

Get a Mediclaim now. You are not growing any older. Old age brings more diseases and you never know when disease may pop up in coming days. Secure yourself with Mediclaim which will ensure that whenever you get into some health trouble, you will get the best treatment available from the best hospitals without worrying about the bills.

Middle class often gets into debt for unplanned living and ignoring financial contingency fund. Be a smart and aware citizen and plan ahead. Get a Mediclaim which will secure you for lacs of financial bills for a few thousands.

FATCA Additional KYC - Karvy & CAMS

If you are a Mutual Funds investor then it's important to fill the FATCA Additional KYC Form.

Since major Mutual Funds AMCs are managed by Karvy & CAMS, as an investor, you have to fill both forms or else you won't be able to make any investments from 1st January 2016.

Following are the links to FATCA Additional KYC ( For Individuals ) :


2. Karvy-

3. Franklin Templeton has it's own FATCA Form which can be accessed through :

When you will visit the link, you will have to enter your PAN No. for generating OTP which will be sent to your registered mobile no.

Fill the mandatory fields and there is no need to fill the Net Worth.

Important fields are: Tax Residency in other Country / Political Exposure so fill them carefully.

In case you have any query, leave a comment below and our experts will try to solve your queries.

SBI cuts home loan interest rates; offers special discounted interest rates for women

Recently State Bank of India ( SBI ), the country’s largest public bank & largest lender slashed down the interest rates of Home Loans for women.

In 2013, the Interest Rates of Home Loan for Women Customers were 10.10 % p.a. ( Upto Rs. 75 lacs ) & 10.25% p.a. ( Above 75 Lacs ). 

Now, the Rate of Interest of State Bank of India’s Home Loans exclusively for Women is 9.70% p.a.

This is great opportunity for every property owners who is a woman or the first property holder’s name is of the Woman. 

To apply for Home Loan from State Bank of India, Click here now !