5 Steps to Smarter Financial Planning in FY 2025–26
03 Apr 2025
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Start Your Financial Year with Smart Planning
The beginning of the financial year is the perfect time to reassess your financial goals, review your investments, and optimize your tax strategy. With Budget 2025 introducing major tax changes and market conditions shifting, here’s what you need to focus on:
Five Steps For A Successful 2025-26
1. Investment Strategy Amid Market Volatility
Equity markets have been volatile in early 2025, with initial declines followed by a recovery. Investors should stay committed to long-term investments via SIPs.
2. Tax Planning – Old vs. New Regime
Budget 2025 has further sweetened the new tax regime, offering significant savings. This is a good time to draw up a tax-savings plan in line with the recent provisions and your financial goals.
3. Falling Interest Rates – A Boon for Homebuyers
With RBI cutting repo rates and more reductions expected, home loan rates are quite attractive for interested property buyers.
4. Insurance Review & Upgrades
Evaluate your health and life insurance needs, ensuring adequate coverage for dependents. With rising premiums, assess policy costs and consider upgrading coverage as your family grows.
5. Smart Spending & Financial Discipline
Maintain a balanced approach to spending and saving. Monitor expenses, manage credit wisely, and take advantage of reward points and budgeting apps for better financial health.
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. The information provided is generic in nature and is for informational purpose only. Please consult your financial advisor before taking any decision.
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The contents of this article/infographic/picture/video are meant solely for information purposes and do not necessarily reflect the views of Bank of Baroda. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Bank of Baroda and/ or its Affiliates and its subsidiaries make no representation as to the accuracy; completeness or reliability of any information contained herein or otherwise provided and hereby disclaim any liability with regard to the same. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Bank of Baroda or its affiliates to any licensing or registration requirements. Bank of Baroda shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
