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Mr. John Ford has an annual income of Rs. 700,000 an annum. He being an employee at Hindustan Petroleum should get an increment of 10% every year plus bonus. He will also be awarded his promotions as and when due. His growth chart in the Company from the past records has been phenomenal. Mrs. Rama Ford on the other hand has a franchisee of FAB India and has an annual income of Rs. 315,000. This additional income should give the much required cushioning to the family. Both of them combined have aggregate accumulated investments of Rs. 400,000. His needs can be categorized as follows :( in the order of priorities) • Mr. Naidu is critically ill. • Education of Children and Marriage. • Wealth Creation. • Protecting Family against Premature Death. • Retirement Planning. • Protect Income against disability/sickness/illness. Annual Investments to address priorities: Rs. 210,000 MR. NAIDU’S HEALTH: Mr. Naidu’s condition has been reported as critically ill and hence the current year savings of Rs. 140,000 and out of the total accumulated investments of Rs. 400,000, 50% would be transferred to a Growth Fund of Franklin Templeton with a growth rate of over 7% and no entry and exit loads.
Approximate Word count = 766
Approximate Pages = 3.1
(250 words per page double spaced)
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