{"id":21791,"date":"2021-09-03T12:46:59","date_gmt":"2021-09-03T12:46:59","guid":{"rendered":"https:\/\/www.tatacapital.com\/blog\/?p=21791"},"modified":"2025-09-01T11:22:36","modified_gmt":"2025-09-01T11:22:36","slug":"how-to-plan-your-investments-via-goal-based-investing-with-moneyfy","status":"publish","type":"post","link":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/investment-guide\/how-to-plan-your-investments-via-goal-based-investing-with-moneyfy\/","title":{"rendered":"Goal-Based Investing: How to Plan Your Investments with Tata Moneyfy"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Not sure whether to adopt a conservative investment strategy or an aggressive one? Wondering if a moderately high degree of risk is safe or if lower-risk mutual funds (MF) suit your needs better? Worry not, Tata Capital Moneyfy app helps you plan your investments strategically with goal-based investing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Before you Start with Goal-Based Investments<\/strong><\/h2>\n\n\n\n<ul>\n<li>Determine why you are investing \u2013 education, wedding, post-retirement corpus, etc.<\/li>\n\n\n\n<li>Next, figure out the time frame within which you wish to achieve the goal<\/li>\n\n\n\n<li>Work out the present cost of achieving this goal. For instance, the present-day cost of overseas education could come to Rs. 30 lakhs<\/li>\n\n\n\n<li>Finally, apply the rate of inflation to the current cost to arrive at the future cost of meeting this goal<\/li>\n<\/ul>\n\n\n\n<p>It is this future value that you need to invest for. Set this goal amount to plan your investment further.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Benefits of Goal-Based Investments<\/strong><\/h2>\n\n\n\n<ul>\n<li><strong>Identify the Amount Required To Reach Your Financial Goal:<\/strong> Goal-based investing allows investors to plan out how much money they will require, accounting for the current costs of living and inflation in the future.&nbsp;<\/li>\n\n\n\n<li><strong>Rebalance Your Portfolio<\/strong>: <a href=\"https:\/\/www.tatacapitalmoneyfy.com\/blog\/investment-guide\/portfolio-rebalancing\/\">Rebalancing your portfolio<\/a> means buying and selling different assets to adjust the weight of the various asset classes in it. This allows you to ensure your portfolio is aligned with your financial goals and risk tolerance.&nbsp;<\/li>\n\n\n\n<li><strong>Maintain Financial Discipline<\/strong>: Investors without precise financial planning often stop investing for different reasons. Having predefined goals allows you to stay on track to achieving your goals.&nbsp;<\/li>\n\n\n\n<li><strong>Observe Tangible Outcomes<\/strong>: Goal-based investing allows investors to witness tangible progress and outcomes.&nbsp;<\/li>\n\n\n\n<li><strong>Less Impulsive Decisions<\/strong>: Goal-based investing prevents investors from making impulsive decisions or overreacting in reaction to fluctuations in the market.&nbsp;<\/li>\n\n\n\n<li><strong>Avoid Debt<\/strong>: Goal-based investing requires investors to set pre-determined goals. This means you will need to save for them in a disciplined manner, making it less likely that you will spend on unnecessary expenses and impulsive purchases. This prevents the cycle of debt.&nbsp;<\/li>\n\n\n\n<li><strong>Spend Without Worry<\/strong>: Spending on hobbies, outings, or other \u201cunnecessary\u201d purchases can cause stress. However, goal-based spending allows investors to enjoy it without worry since they know they are working towards their long-term goals and have enough funds saved.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Different Options Available for Moneyfy Goal-Based Investing<\/strong><\/h2>\n\n\n\n<p>Once you have created an account on Tata Capital Moneyfy or logged in to your existing account, navigate to the \u2018My Goals\u2019 section through the \u2018Menu\u2019 icon top left of the page.<\/p>\n\n\n\n<p>You will find the following goal options \u2013<\/p>\n\n\n\n<ul>\n<li>Education<\/li>\n\n\n\n<li>Home<\/li>\n\n\n\n<li>Cars<\/li>\n\n\n\n<li>Wedding<\/li>\n\n\n\n<li>Build Wealth<\/li>\n\n\n\n<li>Vacation<\/li>\n\n\n\n<li>Retirement<\/li>\n\n\n\n<li>Custom Goal<\/li>\n<\/ul>\n\n\n\n<p>Once you fill in the required goal name, goal value, and the expected time period in which you wish to achieve the goal, the app will recommend the top funds &#8211; equity, debt, hybrid, and ELSS.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How to Make Moneyfy Goal-Based Investing Work for You<\/strong><\/h2>\n\n\n\n<p>To understand how Tata Capital\u2019s Moneyfy app can help you with goal-based investing, let\u2019s use some examples. Say, you choose your investment goal as \u2018Vacation\u2019 and want to save Rs. 5 lakhs for a trip to Singapore over the next 3 years and 6 months. Once you have entered the three values in their respective slots and clicked on \u2018Proceed,\u2019 the app will instantaneously calculate and display the SIP amount, the lumpsum amount, as well as the degree of risk involved if you were to take the recommendation. In this case, the answers are Rs. 12,729, Rs. 4,59,626, and moderate, respectively. You can also click on &#8216;Show Suggestions&#8217; to see recommended funds (both equity and debt) you should have in your portfolio.<\/p>\n\n\n\n<p>Similarly, if you set a goal of a dream home purchase for which you plan to save Rs. 20 lakhs within a period of 7 years 6 months, the app will recommend you to save Rs. 14,735 in SIP or Rs. 9,51,371 as a lumpsum with a moderately high degree of risk. Notice how the risk involved differs for both the goals since the former is a short-term goal while the latter is a long-term goal. You will also find that for the long-term goal, a greater portion of your portfolio will be allocated towards equity funds as compared to the short-term goal, where debt funds will dominate the portfolio.<\/p>\n\n\n\n<p>Also, the recommended investment amount and fund types will be based on certain assumptions such as the inflation rate, expected returns (%), down-payment, etc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Final Thoughts<\/strong><\/h3>\n\n\n\n<p>Use Tata Capital Moneyfy to understand just how much you need to set aside each month towards <a href=\"https:\/\/www.tatacapitalmoneyfy.com\/mutual-funds\">mutual funds investing<\/a>. Once the investments mature, you can easily redeem them through the mutual fund app. So, what are you waiting for? Start your goal-based investing journey today!<\/p>\n\n\n\n<div class=\"wp-block-group alignwide is-layout-flow wp-block-group-is-layout-flow\"><div class=\"wp-block-group__inner-container\">\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-5 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.tatacapital.moneyfy&amp;hl=en\">Download Moneyfy App<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>Not sure whether to adopt a conservative investment strategy or an aggressive one? <\/p>\n<p><a href=\"https:\/\/www.tatacapital.com\/blog\/investments\/how-to-plan-your-investments-via-goal-based-investing-with-moneyfy\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":21792,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[68],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Goal Based Investing: How to Plan Your Investments - Tata Capital Moneyfy<\/title>\n<meta name=\"description\" content=\"Goal-based investing is a structured approach to achieve specific financial goals through planned investments. Explore its benefits and start your financial journey today with Tata Moneyfy!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Goal Based Investing: How to Plan Your Investments - Tata Capital Moneyfy\" \/>\n<meta property=\"og:description\" content=\"Goal-based investing is a structured approach to achieve specific financial goals through planned investments. Explore its benefits and start your financial journey today with Tata Moneyfy!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tatacapitalmoneyfy.com\/blog\/investment-guide\/how-to-plan-your-investments-via-goal-based-investing-with-moneyfy\/\" \/>\n<meta property=\"og:site_name\" content=\"Moneyfy Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-03T12:46:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-01T11:22:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tatacapitalmoneyfy.com\/blog\/wp-content\/uploads\/2021\/09\/01-goal-based-investing-with-moneyfy.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tatacapitalmoneyfy.com\/blog\/investment-guide\/how-to-plan-your-investments-via-goal-based-investing-with-moneyfy\/\",\"url\":\"https:\/\/www.tatacapitalmoneyfy.com\/blog\/investment-guide\/how-to-plan-your-investments-via-goal-based-investing-with-moneyfy\/\",\"name\":\"Goal Based Investing: How to Plan Your Investments - Tata Capital Moneyfy\",\"isPartOf\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\"},\"datePublished\":\"2021-09-03T12:46:59+00:00\",\"dateModified\":\"2025-09-01T11:22:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/d82891f59a900962b0e93fee2be1099b\"},\"description\":\"Goal-based investing is a structured approach to achieve specific financial goals through planned investments. Explore its benefits and start your financial journey today with Tata Moneyfy!\",\"breadcrumb\":{\"@id\":\"https:\/\/www.tatacapitalmoneyfy.com\/blog\/investment-guide\/how-to-plan-your-investments-via-goal-based-investing-with-moneyfy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tatacapitalmoneyfy.com\/blog\/investment-guide\/how-to-plan-your-investments-via-goal-based-investing-with-moneyfy\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tatacapitalmoneyfy.com\/blog\/investment-guide\/how-to-plan-your-investments-via-goal-based-investing-with-moneyfy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tatacapitalmoneyfy.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Goal-Based Investing: How to Plan Your Investments with Tata Moneyfy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/\",\"name\":\"Moneyfy Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tatacapital.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/d82891f59a900962b0e93fee2be1099b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0e9e78de7f84add076f397dd13acc708?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0e9e78de7f84add076f397dd13acc708?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/www.tatacapitalmoneyfy.com\/blog\"],\"url\":\"https:\/\/www.tatacapitalmoneyfy.com\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Goal Based Investing: How to Plan Your Investments - Tata Capital Moneyfy","description":"Goal-based investing is a structured approach to achieve specific financial goals through planned investments. Explore its benefits and start your financial journey today with Tata Moneyfy!","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"Goal Based Investing: How to Plan Your Investments - Tata Capital Moneyfy","og_description":"Goal-based investing is a structured approach to achieve specific financial goals through planned investments. Explore its benefits and start your financial journey today with Tata Moneyfy!","og_url":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/investment-guide\/how-to-plan-your-investments-via-goal-based-investing-with-moneyfy\/","og_site_name":"Moneyfy Blog","article_published_time":"2021-09-03T12:46:59+00:00","article_modified_time":"2025-09-01T11:22:36+00:00","og_image":[{"width":770,"height":400,"url":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/wp-content\/uploads\/2021\/09\/01-goal-based-investing-with-moneyfy.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/investment-guide\/how-to-plan-your-investments-via-goal-based-investing-with-moneyfy\/","url":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/investment-guide\/how-to-plan-your-investments-via-goal-based-investing-with-moneyfy\/","name":"Goal Based Investing: How to Plan Your Investments - Tata Capital Moneyfy","isPartOf":{"@id":"https:\/\/www.tatacapital.com\/blog\/#website"},"datePublished":"2021-09-03T12:46:59+00:00","dateModified":"2025-09-01T11:22:36+00:00","author":{"@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/d82891f59a900962b0e93fee2be1099b"},"description":"Goal-based investing is a structured approach to achieve specific financial goals through planned investments. Explore its benefits and start your financial journey today with Tata Moneyfy!","breadcrumb":{"@id":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/investment-guide\/how-to-plan-your-investments-via-goal-based-investing-with-moneyfy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.tatacapitalmoneyfy.com\/blog\/investment-guide\/how-to-plan-your-investments-via-goal-based-investing-with-moneyfy\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/investment-guide\/how-to-plan-your-investments-via-goal-based-investing-with-moneyfy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Goal-Based Investing: How to Plan Your Investments with Tata Moneyfy"}]},{"@type":"WebSite","@id":"https:\/\/www.tatacapital.com\/blog\/#website","url":"https:\/\/www.tatacapital.com\/blog\/","name":"Moneyfy Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.tatacapital.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/d82891f59a900962b0e93fee2be1099b","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0e9e78de7f84add076f397dd13acc708?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0e9e78de7f84add076f397dd13acc708?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/www.tatacapitalmoneyfy.com\/blog"],"url":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/author\/admin\/"}]}},"featured_image_url":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/wp-content\/uploads\/2021\/09\/01-goal-based-investing-with-moneyfy.jpg","_links":{"self":[{"href":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/wp-json\/wp\/v2\/posts\/21791"}],"collection":[{"href":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/wp-json\/wp\/v2\/comments?post=21791"}],"version-history":[{"count":8,"href":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/wp-json\/wp\/v2\/posts\/21791\/revisions"}],"predecessor-version":[{"id":38785,"href":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/wp-json\/wp\/v2\/posts\/21791\/revisions\/38785"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/wp-json\/wp\/v2\/media\/21792"}],"wp:attachment":[{"href":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/wp-json\/wp\/v2\/media?parent=21791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/wp-json\/wp\/v2\/categories?post=21791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tatacapitalmoneyfy.com\/blog\/wp-json\/wp\/v2\/tags?post=21791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}