Yes i got your point , but you are looking totally differently , you are talking about tax-planing , I am talking about full financial planning , it costs anywhere around 10k to 25k , depending on the planner you are hiring .

Manish

For tax saving investors 2 – 3k would be fine for 1 fiscal. Again it depends on how much you invest, hence I suggested percentage would be fairer. A compulsive investor just need to invest only 30k under 80C then he might think 2-3k would be very high then he starts calculating his returns minus the fees. Manish, this is purely my opinion and dont mistake me.

First you have to understand the importance of planner .. He is not an agent who just facilitates you in transactions ,also he is not a advisor who will just recommend you products ..

FP is actually an architect of your financial life .. he shapes your financial life and molds it to be fit keeping in mind your financial goals of future.. note that he is a long term thing , and not a short term jugaad ! .

Coming to fee , fee is a barrier most of the times when people want to hire a financial planner and that happens when they are not too much committed towards their own financial life ..

They concertrate more on what they do not get from a planner than what they get from it .. Imagine a number which you might want to pay someone , who can make sure your children education , marriage , your retirement and your other financial goals are planned properly and the chances of you reaching to these goals increases substantially.. in a way it can change your entire life , as financial life is the epicentre ! and that has connections to other areas !

Note that I am talking about people who are really rare and can actually coach you in your financial life , not traditional planners who take your data and spit out a lengthy plan in PDF format and insist you to implement it through them , they are not the planners they are just sellers with a different face .

I am still looking for a number from your side ..

Manish

Absolutely I have no idea about the fee of a Financial Planner. I may sound funny to you if i reveal the numer in my mind because i have no clue about this fee. But I feel a percentage on the invested sum would be reasonable.

Do not invest just for tax saving .. How much charges do you expect from a planner for your situation ?

Manish

Being a compulsive investor i explore financial market only for the sake of tax saving. But I feel one should take a greater care even for tax saving investments and opt an experts advice. As the saying a rupee saved is a rupee earned.

Financial Planners should offer a affordable package to investors like me who are seasonal. In my opinion majority of investors belong to my tribe

Nice to hear that . You cant get a low locking period with low risk , Bank FD for 5 yrs or NSC is low risk option , but that would mean 5+ yrs of lockin and low return

You can look at ELSS in that case .

Regarding the planner , you should definately think about hiring one but only if you can see real value in it . We have started financial coaching services at jagoinvestor from last 1 yr and many clients loved it . May be you might want to hear about it

Manish

Your article “Why you need a financial planner” is indeed an eye opener. I am the victim of not having one. Definitely i will opt one for the next fiscal.

I need to invest 60k this year under 80C. Already burnt my hands with ULIP. Can you suggest some other investment options other than PPF? my risk-appetite is low.