Financial Planning is the process of estimating the capital required and determining it's competition. It is the process of financial policies in relation to procurement, investment of an enterprise.

Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve those goals.

Goals-based planning is the process of helping clients prioritize their financial goals and determine the optimal plan to fund them.

Mutual funds are basically investment vehicles that comprise the capital of different investors who share a mutual financial goal.

A fixed deposit is a financial instrument provided by banks or NBFCs which provides investors a higher rate of interest than a regular savings account, until the given maturity date.

General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event.