Financial Planning is the process that ensures that we get the Right Amount of Money Available at the Right Point in Time. It works as Financial Road Map and Financial Blueprint for Entier Life.
A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. These investors may be retail or institutional in nature.
Insurance provides protection from financial loss. It is one kind of risk management process primarily used to hedge against the risk of a contingent, uncertain loss.
Portfolio investments are investments in the form of a group (portfolio) of assets, including transactions in equity, securities, such as common stock, and debt securities, such as banknotes, bonds, and debentures.