Financial planning is not something that is limited to high net worth individuals or corporates; it is something we all must practice from an early age to build financial discipline and to manage one’s income vs expenditure in order to have enough savings and investments for future consumption. First Capital AGM – Asset Management Kavin Karunamoorthy reveals points to consider both for those already in the know and those hoping to cautiously test the investment waters.
Time and Goal setting
Investors should consider four main points:
- Firstly, identify the short-term and long-term financial goals, i.e., how, and when do you need the money.
- Secondly, plan the funding capacity, i.e., understanding your ability to allocate funds for investment purposes either as a lump sum or on a monthly basis.
- Thirdly, identify the investment time horizon that you have earmarked for the investments i.e., anticipate when you will require the funds. For example, you may require a monthly income after retirement, as well as a lump sum to use for different needs such as your children’s university education or to buy a second house etc.
- Finally, evaluate your risk appetite and acceptable risk level. As mentioned above there are different asset classes available to suit your individual risk appetite. It is important to identify your risk tolerance before you invest.
What the experts bring to the table
Investment banks and professional wealth managers can provide investment strategies across all asset classes for individuals and corporates, while keeping track of market opportunities, recognising trends, and matching them to your interest, with a focus on performance, liquidity, risk management and other relevant factors.
The First Capital approach
We understand that not everyone’s requirements are the same; that is why our vision is to disrupt and revolutionise the financial services industry with a range of alternative financial products and services for corporate and retail customers alike, which will give better yields and redirect financial resources to the most needed in the economy.
With over 35 years’ of delivering ‘Performance First’, having insights into investment trends and markets access, First Capital is on a unique footing with a 360-degree view of the financial market. Backed by the strength of the Janashakthi Group, our team comprises of experts from the banking and finance industry, capital markets, insurance, and the real estate industry, enabling us to service clients’ needs.
As attractive as a fixed deposit with the flexibility of a savings account!
First Capital offers a range of short-term to long-term fixed income and equity Unit Trust Funds, which provide newer investors with a cost-efficient and a practical way to start investing in several types of assets under professional guidance.
For example, our flagship First Capital Money Market Fund enables an individual without a large base of savings to invest in a diversified portfolio of over Rs. 20 billion, managed by a professional wealth manager. Currently, the fund yields 7.22% p.a.
The fund accumulates funds from both individuals and corporates and channel them to different investments in corporate debt and government securities which mature within one year, while striking a balance between the risk and return.
Customers can open an account via our digital account opening facility and self-register on our online customer portal for flexibility, convenience, and peace of mind.
The Bank of Ceylon, is appointed as trustee and maintains custody of the Fund’s assets, representing the interest of the investors and monitors transactions carried out by the Fund. The Securities and Exchange Commission of Sri Lanka licenses and regulates unit trust funds, conducts periodic on-site audits, and rigorously examines the qualifications of fund managers.
Unit Trust Sri Lanka, Asset Management Sri Lanka, Wealth Management Sri Lanka, Mutual Funds Sri Lanka, Investing In Sri Lanka, Bill Auction Sri Lanka, Bond Auction Sri Lanka, Bills And Bonds Sri Lanka, Bills And Bonds Rates Sri Lanka, Central Bank Of Sri Lanka, First Capital Investment Bank, Investment Bank Sri Lanka, Investment Banking In Sri Lanka, First Capital Financial Solutions Sri Lanka, First Capital Financial Services Sri Lanka, Performance First Sri Lanka, Fixed Income Investments In Sri Lanka, Fixed Income Solutions Sri Lanka, Government Securities Investments In Sri Lanka, Government Securities Sri Lanka, Primary Dealer In Sri Lanka, T Bills Sri Lanka, T Bonds Sri Lanka, Treasury Bills Sri Lanka, Treasury Bonds Sri Lanka, Fixed Deposit Sri Lanka, Fixed Deposit Rate Sri Lanka, Best Investment Sri Lanka, Stock Brokers In Sri Lanka, Stock Trading Sri Lanka, Stock Market Sri Lanka, Corporate Finance Sri Lanka, Debt Raising Sri Lanka, Repo Investment Sri Lanka, Investment Options in Sri Lanka