New Delhi, Oct. 29 -- Investing in mutual funds is only one part of managing personal finances. A portfolio may be performing well while an investor carries expensive debt, has gaps in insurance cover, holds idle cash or lacks a clear plan to fund major expenses. Reviewing investments alone may not reveal these weaknesses.

A 2026 report by 1 Finance, What Personalised Financial Advice Is Actually Worth, identifies six areas that investors should review as part of their financial planning: estate planning, liabilities, investments, income and expenses, insurance, and tax. The report argues that financial advice should address a household's overall financial position, rather than focus only on investment returns.

An annual review of these...