Q. I am 56 year old and due for retirement in 2025. My assets include: PPF (Rs 35 lakh); PF (Rs 60 lakh); savings of Rs 16 lakh; Gratuity (Rs 8 lakh); shares (Rs 5 lakh); Mutual funds (Rs 45 lakh); Second home (Rs 40 lakh); Third home (Rs 16 lakh). I live in my own house worth Rs 95 lakh. I will need a monthly expense of...
I am 42 years old earning Rs. 2.20 lakh per month, with monthly expenses of Rs. 1.2 lakh. My monthly investment: Rs. 9,000 in NPS, Rs. 5,000 in VPF, Rs 22,000 in EPF, and Rs. 65,000 in equity MFs. My savings: NPS: Rs. 11 lakh in tier 1; PPF: Rs. 18 lakh; EPF: Rs. 19 lakh; MFs: Rs. 36 lakh...
Naveen Kukreja, Co-Founder & CEO, shares his valuable insights in Financial Express (May 27, 2024) on how to start early to build an education corpus for your child.
I am 38 years old and aspiring to build a corpus of Rs 50 Cr by the time I reach 60. Currently, my assets include: A rental property valued at Rs 3.70 Cr, generating an annual income of Rs 25 Lakhs. A bank balance of Rs 3.68Cr, to be inherited soon, earmarked for investments and securing a home for my...
Q. I am now 50 and have decided to retire within a few months due to health reasons. Currently, I have accumulated a corpus of Rs 2.8 crore. I have Rs 1.53 Cr in PPF, Rs 18 Lakh in PF, Rs 56 lakh in equity mutual funds (45% in quant small-cap fund, 35% in quant active fund, 15% in quant...
Q. I am 29 and earn a monthly salary of Rs 75,000. I don't have any investments right now. I aspire to retire within 20 years. What should be my investment strategy if I want to retire with a corpus of Rs 6 crore? Response: As you have not shared the figures for your current living expenses, I am assuming...
I am 32 years old and earn Rs 55,000 per month. My monthly expenses are about Rs 20,000, and I have loan instalments of Rs 20,000 per month. Additionally, I hold a LIC policy with a sum assured of Rs 15 lakh, maturing in 2050. My monthly NPS contribution is Rs 6,000. I seek advice on how to effectively save...
I have just turned 40 and live with my wife and daughter in a metro city. Our combined monthly income is about Rs 3.5 lakh and we have saved close to Rs 2.4 cr in equities and around Rs 50 lakh in PF. I would like to know how much savings would help us create a corpus of Rs 10 Cr within...
