• 91. Mutual Funds investing is ideal as a building block for personal finance ( strategic) planning .'' In this context, explain the key objectives of financial planning.

    Ans:  Investment planning or financial planning is a process that determine effective investment strategies to generate and pool financial resources by investing in current assets and future savings for achieving financial goals . The most prominent financial planning objectives are:

    •  Higher current income
    • Save money for major purchases
    • Planning for the retirement
    • Shelter from taxes