A guide to financial well-being for 2024 with Aditya Birla Capital

Build a prosperous financial future with Aditya Birla Capital's innovative solutions, from retirement planning to diversified investments and comprehensive insurance coverage

One of the running myths of the stock markets is the January Effect. In a nutshell, the January effect is the supposed seasonal tendency for stocks and markets to rise in the first month of the year.

Investment banker, Sidney B. Wachtel, was the first to coin the term in 1942. Using data going back to 1925, he noted that small-cap companies tended to outperform large-cap companies in the first half of January. However, experts continue to thwart the theory calling it ‘unsubstantiated’.

Why are we discussing it? Because financial independence and well-being features in most of the proposed lists of new year resolutions. Whether January effect is true or not is a topic of discussion for another day, but the start of a new year is a great time to look at one’s financial well-being and explore avenues to build a secure and prosperous future. In fact, any time is a good time to start.

This is the time to set goals for the year ahead and set aside funds for important occasions and unforeseen circumstances. A little bit of planning allows for greater control of income, expenses, and investments and a better handle on the year ahead.

Aditya Birla Capital (ABCL), the financial services arm of Aditya Birla Group has a range of innovative products designed to assist individuals in managing and growing their wealth effectively. These products aid consumers in their financial security and well-being and are conceptualised with the needs of the modern Indian family in mind.

A strong retirement plan

Aditya Birla Sun Life’s (ABSLI) Nischit Pension Plan by Aditya Birla Capital is a strategic offering designed to secure a person’s financial future during their retirement years. This plan combines the benefits of insurance and investment and focuses on providing a steady income stream during their golden years. The Nischit Pension plan allows policyholders to accumulate a corpus through premium payments and offers much-needed flexibility to choose between various annuity options. Planning ahead ensures a stress-free and peaceful retirement in the future.

A secure plan for the whole family

ABSLI’s Nischit Ayush Plan is crafted to provide financial security and protection to individuals and their families by offering a unique combination of life insurance coverage and guaranteed income thereby creating a comprehensive financial plan. The plan guarantees policyholders the assurance of a fixed income for a specified time and a life cover to protect the family’s financial future by allowing holders to tailor the policy to suit their needs and preferences. This new-age savings solution allows for regular income from the end of the first policy month itself.

The power of three

ABSLI’s Multi Asset Allocation Fund is a dynamic investment option that aims to provide investors with a well-diversified portfolio across multiple asset classes. This fund is designed to capitalise on the potential growth opportunities offered by equities, generate stable income through fixed-income instruments, and enhance overall portfolio resilience through exposure to gold and other assets. Through this fund, individuals will have a balanced approach to wealth creation with minimised volatility.

Explore investing in global bond markets safely

The US Treasury 1-3 & 3-10 Year Bond ETFs Fund of Funds by ABSLI represents a strategic investment avenue within the fixed-income domain, allowing investors to access the stability and reliability of US Treasury Bonds through Exchange Traded Funds (ETFs). These funds provide an easy and safe way for investors to tap into the stability and reliability of US Treasury bonds. For risk-averse investors, this fund offers a straightforward way to include globally diversified fixed-income assets in their investment portfolio.

Protection through life insurance for the whole family

Every family needs a strong life insurance plan and ABSLI’s Salaried Term Plan has multiple benefits which make it highly sought after. This tailored life insurance solution is designed for salaried individuals. The plan provides financial protection and security to the policyholder’s family by ensuring that the family’s financial needs, education expenses, and daily living costs are met even in the absence of the primary breadwinner and policyholder. The plan offers a lump sum benefit to the nominee and also the freedom to design plans according to their family’s needs.

A healthy start for a healthy year ahead

Aditya Birla Health Insurance’s Activ One plan is a comprehensive plan designed to provide customers and their families with holistic healthcare coverage and complete financial protection during health emergencies. The plan is designed for the modern, health-conscious family as it offers a wide range of features like wellness benefits and personalised health coaching services. Families can also speak to a dedicated health coach for nutrition, fitness, and mental health consultations. With Activ One, Aditya Birla Health Insurance innovates with a product that emphasises long-term health and wellness for the 21st century family.

While these are some of the ways to manage your wealth, you should always do a thorough research and seek independent financial advice before investing.

Planning your financial future helps you step into the new year with confidence and a renewed zest for life. Remember, a small step today can lead to significant financial achievements tomorrow.