Published Jul 11, 2025 4 Min Read

Wealth management goes beyond investing—it’s a 360-degree approach to handling your money. From financial planning and asset allocation to tax optimisation and legacy transfer, wealth management helps you make smarter decisions about how to grow, preserve, and eventually pass on your wealth.

Whether you're planning early retirement, funding your child's education, or ensuring smooth inheritance for your heirs, a strategic wealth management plan gives you clarity and control over your financial journey.

1. Financial planning: Your wealth roadmap

Financial planning forms the foundation of wealth management. It’s about aligning your current resources with future goals—whether it’s buying a house, planning retirement, or creating an emergency fund.

It covers:

  • Income and expense tracking
  • Risk and insurance planning
  • Retirement savings and goal-setting

When done right, financial planning turns ambition into actionable steps.

Planning for life after work?
Start a non-cumulative FD that gives you interest payouts regularly—perfect for managing regular post-retirement expenses. Check latest FD rates and start today!

2. Asset allocation: Balance risk and reward

Asset allocation is how you spread your investments across different categories like equity, debt, fixed deposits, and real estate. The goal? Reduce risk while growing your wealth.

Your ideal allocation depends on:

  • Age and risk tolerance
  • Investment horizon
  • Income stability

Equity grows wealth, debt cushions volatility, and fixed deposits ensure steady income.

3. Estate Planning: Pass it on, the smart way

What happens to your wealth after you're gone? Estate planning ensures your money and assets reach the right people, the right way—without legal chaos.

This includes:

  • Drafting a will
  • Setting up trusts
  • Assigning nominees
  • Planning for inheritance taxes

Good estate planning protects both your legacy and your family’s future.

 

Want balance in your portfolio?
Add a fixed deposit for low-risk, high-security income. Choose any tenure between 12 to 60 months based on your goals. Invest now!

4. Tax accounting: Keep more of what you earn

Tax accounting isn’t just for filing returns—it’s a crucial part of keeping more money in your pocket. Effective tax management helps you:

  • Claim eligible deductions
  • Time your capital gains
  • Choose the right investment vehicles for tax relief

For instance, Bank FDs under 5-year lock-ins qualify for Section 80C benefits.

Please note: Bajaj Finance does not provide Tax-saving FDs. 

5. Asset management: Let the pros handle it

Asset management involves professional oversight of your investments. Experts monitor market trends, optimise returns, and rebalance your portfolio as needed.

This is ideal for:

  • Busy professionals
  • High-net-worth individuals
  • People looking for consistent growth without micromanagement

From mutual funds to real estate, asset managers help ensure your money works harder and smarter.

Prefer hands-free investing with returns you can count on?
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Why wealth management is non-negotiable

You don’t need crores in the bank to need wealth management. It helps:

  • Minimise taxes legally
  • Preserve and grow wealth
  • Plan smooth succession
  • Align finances with life goals

A holistic plan covers everything from your next holiday to your legacy for the next generation. And it helps you sleep better knowing your future is sorted.

 

Also Read: What is Wealth Management?

Conclusion

Wealth management is about taking control—not just of your money, but your life goals, legacy, and peace of mind. From financial planning to tax savings and inheritance, each pillar adds structure and strategy to your financial journey. Start today with small, smart steps like a secure FD, and build towards a future where your wealth works harder than you do.

 

Calculate your expected investment returns with the help of our investment calculators

 

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Frequently Asked Questions

What are the 5 types of wealth management?

The five main types of wealth management are financial planning, asset allocation, estate planning, tax accounting, and asset management. Each serves a specific purpose—setting financial goals, managing investment risk, planning inheritance, reducing tax liabilities, and growing wealth. Together, they form a complete strategy to preserve, grow, and transfer wealth effectively across generations.

Who needs wealth management?

Wealth management is ideal for individuals with high income, growing assets, or complex financial goals. Business owners, professionals, NRIs, retirees, and high-net-worth individuals benefit most. It helps them manage investments, plan taxes, secure retirement, and protect family wealth. Anyone seeking long-term financial clarity, stability, and expert advice can consider wealth management services.

How can Fixed Deposits help with wealth management?

FDs offer guaranteed returns, making them a key component of a diversified portfolio. They balance out the risk of equity and provide liquidity with flexible tenures. 

Get up to 7.30% p.a. returns with Bajaj Finance FD and start an FD account today. 

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Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals. 

You can use the Bajaj Finserv App to: 

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Explore and apply for co-branded credit cards online.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Disclaimer

As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer https://www.bajajfinserv.in/fixed-deposit-archives
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

For the FD calculator the actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.