This article is about the merits of creating a financial plan. Understanding the limitations of a financial plan, the reasons why actual results may be different from what was originally planned and why investors need to keep planning despite not meeting projections.

You can build your own Mutual Fund Portfolio and backtest against Nifty 100 and Nifty 500 on parameters of XIRR for SIP and Point to Point, Rolling Returns and drawdowns.

Many prospective health insurance buyers feel disheartened when they see headlines like: “He paid health insurance premiums for 10 years, and in the 11th year when his mother was hospitalized, the claim got rejected” or “He didn’t build a Medical corpus because he bought a health insurance policy but had to liquidate a part of his corpus because the insurer did not come through”. Stories like these create doubt and fear among potential buyers. Add to that, a relative or frien