Trust Your Financial Plans, Keep Your Fear at Bay

Periodic review of your portfolio, a healthy financial plan and faith in your advisor can help you reap fruits of financial prosperity

- Zian Khan

Dr Nitin Vaidya, 47 years and his wife Dr Vidya Vaidya, are senior dental surgeons practicing independently in Durg, Chhattisgarh, for 18 years.

Vaidya came across Omega Financial, a financial advisory, in 2010 when his aim was to secure a corpus for the higher education and marriage of his children, Rishabh and Ishan, and attaining financial independence with prudent retirement planning for him.

Zain Khan, Managing Partner, Omega Financial, recalls his first interaction with Vaidya, “Vaidya proved himself to be an informed investor by commencing with financial planning as prima facie in 2010. In the first 30 minutes, we could easily discern that the investor is aware of the basic financial concepts like compounding, inflationary cost, and how risk-adjusted returns should be mandatorily balanced and a perfect allocation to be created to achieve the financial goals in his life.” Vaidya shared his concerns and aspirations with Omega over a series of interactions before a clear financial plan was chalked out. Being an informed investor, he posed sufficient trust and confidence in his advisors. While a conservative financial plan required around ₹33,000 of regular investments through Systematic Investment Plans (SIP) in equity funds, the plan was to start immediately even if the current income supports lower investments. Vaidya shares, “the investing journey was initiated with ₹10,000 monthly SIP in equity funds with a commitment to increase the investments with SIP top-up as and when possible.”