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...
I am 59 years and will retire in March 2025. After my retirement, I will have a corpus of about ₹ 1.4 crore, of which 65% will be from SIP investments. From April 2025 onwards I wish to withdraw ₹55,000 per month via SWP and increase it by 6% every year for the next 23 years till I turn 83...
I am 44 years old and employed with an MNC. My current investments are in FD, PPF, MIS, NSC, VPF and NPS. I want to start a portfolio in mutual funds to fund the marriage of my two kids. One in 10 years and another in 15 years. I can spare up to Rs 30,000 per month for the same....
I am 34 years old and plan to retire by the age of 50-55. I have a six-month-old daughter. My take-home salary is Rs. 80,000 per month. I invest Rs. 7000 in the PPF, Rs. 4,000 in Kotka ELSS Tax Saver Fund, and also buy gold worth Rs. 10,000 every month. I have an HDFC term insurance for which I...
I am 40 years old and earn Rs. 50,000 per month after tax. I want to retire after five years and start a business. I have around Rs30 lakh in fixed deposits. I also invest Rs. 5,000 per month in mutual funds. I live in a self-owned house. How should I invest to earn Rs. 1 lakh per month to...
India today stands tall as one of the most dynamic markets globally with a strong economy, a young population, and a gold-standard digital infrastructure. The last few years have been an exciting time for India’s financial services space, with payments leading the way, building a case-study for the world to see. I strongly believe the next 5 to 7 years...
I am 48 years old and plan to retire by 2030. My yearly expenses are around Rs 20 lakh including education of my two kids. Major future expenses will include: Rs 1-crore corpus for higher education and around Rs 30 lakh for the medical needs of my mother. My current investments include MF portfolio of Rs 2.5 crore with 90%...
An efficient financial planning should always aim at generating optimum returns from an investment portfolio. However, making wrong investment choices or ignoring important investment fundamentals can create major gaps in your investment portfolio, which can adversely impact your portfolio returns over the long term. Here I will suggest some tips for fixing the gaps in your investment portfolio for generating optimum...
Given the volatile situation that we are in currently, it has become imperative for all to make wise investment decisions and not rush into things that are not priorities. This is that time of the year for which we all have waited eagerly for so long. Time for appraisals and bonus payouts! But it is also time to control your...
The rise of nuclear families, increasing life expectancy, rising healthcare cost, and absence of public-funded old age healthcare has increased the financial insecurity among retirees. Another growing concern for retirees or those approaching their retirement is the debt burden arising from education loans availed for their children’s higher education, at least in the initial years of their children’s professional lives....
