मैं 43 साल का हूं और 58 साल की उम्र में रिटायर होने तक निवेश करना चाहता हूं और कम से कम 12% के अच्छे रिटर्न की उम्मीद करता हूं।</p> <p>कृपया मेरी एमएफ बास्केट के नीचे खोजें, और सलाह दें कि बास्केट में मौजूद फंड अच्छे हैं या नहीं।</p> <ul> <li>एक्सिस लॉन्ग टर्म इक्विटी फंड (टैक्स सेविंग) डायरेक्ट प्लान ग्रोथ - 500/M</li> <li>आदित्य बिड़ला सन लाइफ टैक्स राहत 96 डायरेक्ट प्लान ग्रोथ - 500/M</li> <li>पीजीआईएम मिडकैप अपॉर्चुनिटीज फंड प्रत्यक्ष वृद्धि - 1000/M</li> <li>एक्सिस स्मॉल कैप फंड डायरेक्ट ग्रोथ - 500/M</li> <li>पराग पारिख फ्लेक्सी कैप डायरेक्ट ग्रोथ - 1000/M</li> <li>क्वांट एक्टिव फंड ग्रोथ ऑप्शन डायरेक्ट फंड - 1000/M</li> <li>ICICI प्रूडेंशियल कमोडिटीज़ फंड प्रत्यक्ष वृद्धि - 300/M</li> <li>कोटक ब्लूचिप डायरेक्ट ग्रोथ - 1000/M</li> <li>नवी निफ्टी नेक्स्ट 50 इंडेक्स फंड डायरेक्ट ग्रोथ - 500/M</li> <li>टाटा डिजिटल इंडिया फंड डायरेक्ट ग्रोथ - 1000/M</li> </ul>

Ans: You are in a good position. Your income, assets and upcoming loan closure all show stability. You are supporting a family with three daughters and one son. Planning ahead now will make your future more peaceful.

Let’s break your plan under major heads. We will keep the language simple and to the point.

Family & Responsibilities Ahead
You have 15 years of service remaining. That gives a good earning window.

Your daughters are 17, 15, and 8. Educational goals will come soon.

The son’s age is not mentioned. But he will also need financial support later.

You have four children. Their needs will grow. Structured planning is key.

2. Present Earnings and Cash Flow
Monthly income is Rs. 1.5 lakh. That gives strong monthly cash flow.

Your EMI on Rs. 7 lakh loan will end in 12 months. That gives Rs. 30,000–40,000 free each month soon.

You should plan how to invest that EMI amount after loan closure.

Don’t let that amount get absorbed into unplanned expenses.

3. Assets and Investments – Review & Assessment
You have gold worth Rs. 20 lakh. Please don’t increase gold further.

Gold is not income generating. It is only a backup for emergencies.

PPF and Sukanya Samriddhi Yojana (SSY) together are Rs. 35 lakh. That’s a good base.

You also own house and land worth Rs. 125 lakh. That gives asset strength.

These are good for family security. But they won’t give monthly income.

You need liquid, income-generating investments for future years.

4. Immediate Actions Post Loan Closure
Once the loan closes, divert that EMI into monthly investments.

Use mutual funds for this. They give inflation-beating returns.

Choose actively managed regular mutual funds through a Certified Financial Planner.

Avoid direct funds. They lack professional monitoring and behavioural support.

Regular funds through a CFP help with discipline and guidance.

This is more important with a large family and many future goals.

5. Educational Goals – Urgent Planning Needed
Your eldest daughter is 17. Higher education may come in 1–2 years.

Second daughter is 15. Education cost may come in 3–4 years.

You need to build separate goal funds for them starting now.

Don’t use SSY or PPF for immediate needs. They are long term.

Begin mutual fund SIPs in conservative hybrid or multi-asset funds.

These give better return than FDs or gold. They also have lower risk than pure equity.

6. Marriage Goals – Start Early Planning
You have 3 daughters. Marriage funding is a major responsibility.

Begin allocating for this now. Even Rs. 10,000 per month helps a lot over 10–12 years.

Use balanced advantage or flexi-cap mutual funds. They manage risk better.

Avoid traditional insurance plans for this. They give poor returns and low liquidity.

7. Retirement Planning – Don’t Delay This
You have 15 years left in service. That’s a short horizon for retirement corpus.

At present, you have house, land, and some savings. But that won’t be enough for retirement.

Start SIPs focused only on retirement. Don’t mix this with education or marriage planning.

Use equity-oriented hybrid or flexi-cap mutual funds for retirement building.

Allocate at least Rs. 20,000–25,000 monthly for retirement corpus.

Increase this amount every year. Even 5% increase helps a lot over time.

8. Emergency Fund – Needed Immediately
You need to keep Rs. 5–6 lakh in an emergency fund.

Use liquid mutual funds or sweep-in FD for this.

Emergency funds give mental peace. They also avoid sudden loans.

Don’t use gold or real estate during emergencies. They are illiquid.

9. Insurance Review – Must Be Strong
You are the only earning member. Risk protection is very important.

You must have term insurance of minimum Rs. 1 crore.

Check if you already have it. If not, take it immediately.

Avoid ULIPs or endowment plans. They are poor on returns and costly.

Also, take family health insurance. Cover your wife and all children.

Hospital costs are rising fast. You must be ready.

10. Review of PPF and SSY – Maintain Discipline
PPF is a good long-term saving tool. You may continue yearly contribution.

SSY for daughters is excellent. Keep contributing till 15 years are over.

Don’t withdraw from them early. Let compounding work for 15 years.

11. Use of Gold – Passive Holding Only
You have Rs. 20 lakh in gold. That’s enough.

Don’t add more to gold. It doesn’t give regular income or growth.

It is better to shift some gold into mutual funds gradually.

This will make your portfolio more productive.

12. Tax Planning – Do with Purpose
Continue SSY and PPF for 80C benefits. Add ELSS funds if needed.

Don’t invest only for saving tax. Invest for long term growth.

Use equity funds to benefit from lower tax on long-term gains.

New capital gains rule applies:
LTCG above Rs. 1.25 lakh is taxed at 12.5%.
STCG is taxed at 20%.

For debt mutual funds, gains are taxed as per income slab.

Keep proper records of your investments for future tax use.

13. Avoid These Mistakes
Don’t keep all money in savings or FDs.

Don’t buy policies with insurance and investment combined.

Don’t postpone retirement planning. It needs time to grow.

Don’t depend on gold or land for retirement income.

Don’t invest directly in mutual funds without support. Mistakes are costly.

14. Children’s Financial Education – Very Important
Start educating your elder daughters about money.

Teach them budgeting, saving, and basics of investing.

They should grow into responsible money managers.

Involve them in simple discussions about goals and plans.

15. Wills and Nomination – Prepare in Advance
You have assets across gold, land, PPF, SSY, and bank.

Make sure all have nominations in place.

Prepare a simple will. It avoids family confusion later.

It also helps your children handle wealth better in future.

16. Portfolio Monitoring – Do It Monthly
Monitor your SIPs and goals each month.

Use help of a Certified Financial Planner for review.

Adjust investments based on market and personal changes.

Financial planning is not one-time. It needs regular checking.

17. Planning for Son – Keep Separate Allocation
You haven’t mentioned son’s age. But he needs future support too.

Allocate a separate fund for his education and other needs.

Keep it apart from your daughters’ goals.

18. Future Liquidity – Must Be Prepared
House and land are assets. But they are not easily sold.

Mutual funds and liquid savings give faster access.

Keep 30–40% of future savings in flexible instruments.

19. Mental Peace – Comes from Clarity
You already have strong base of assets and income.

Just bring more structure and purpose into savings.

With 15 years of service left, this is the best time to plan.

Finally
You are in a very positive position already. Your income and asset base is strong.

Just shift focus from passive assets to active financial planning.

Keep separate investments for each goal.

Track and review your plan every year.

Work with a Certified Financial Planner regularly. It will improve results.

Avoid shortcuts or high-risk products. Consistency is the key.

Keep your family involved. Their support will make the plan stronger.

Best Regards,
K. Ramalingam, MBA, CFP
Chief Financial Planner
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: 01. To get Exemption u/s 54 from LTCG, your mother can invest in a Residential House, with in time limits.
02. Maximum 2 houses can be purchased/constructed, if LTCG is up to Rs.200.00 (L). This opportunity is available only once in a life time.
03. She may purchase the houses in her name or in the name of her spouse or her children (My opinion is based on the decisions of the ITAT).
04. Please also note that only your mother can purchase the residential property & get exemption. The property may be registered in the name of her spouse/children, BUT payment should be made directly by her.
However, if she transfer the amount to all three of you & you purchase the property, exemption will not be available.
You can review your tax planning in light of above details.
Most welcome for any further clarifications. Thanks.

Ans: You are earning Rs.1.5 lakh per month.



You have a loan of Rs.6 lakh, closing in 12 months.



You have 15 years of service remaining.



You have three children. Daughters aged 17, 15, and 8.



You have gold worth Rs.20 lakh.



You have Rs.35 lakh in PPF and SSY.



You have other assets like house and land worth Rs.1.25 crore.



Appreciating Your Financial Discipline

You are earning a good monthly income.



You are almost debt-free within a year.



You are saving in long-term and tax-saving instruments like PPF and SSY.



You have no mention of any risky liabilities or investments.



You are caring for three children’s future. That is truly responsible.



Short-Term Priorities (Next 1-3 Years)

Ensure your Rs.6 lakh loan is closed in 12 months as planned.



Start a proper emergency fund. Keep at least 6 months’ income.



Create term life insurance. Choose minimum 15-20 times your annual income.



Ensure you and family have sufficient health insurance. Minimum Rs.10 lakh per member.



Do not use gold for daily expenses. Keep it as an emergency backup.



Review SSY investments. Maximise benefit till each daughter turns 18.



Medium-Term Planning (3-8 Years)

First daughter will need higher education soon. Plan for this in advance.



Second daughter also will need education funds soon.



Start SIPs in equity mutual funds. They give better returns over long periods.



You can start SIPs through a certified mutual fund distributor.



Use regular plans through MFDs with CFP guidance. Avoid direct funds.



Direct funds require more time, tracking, and understanding. Regular funds give advisor help.



Plan each child’s higher education separately. Fix budget and timeline.



Do not depend on gold or property for this.



Long-Term Planning (10-15 Years)

Retirement planning is important from now.



You have 15 years of service left. Use this time wisely.



Try to build a corpus that replaces your current income after retirement.



Invest in actively managed equity mutual funds for long-term goals.



Avoid index funds. They do not protect downside well in falling markets.



Actively managed funds give better flexibility and better sector selection.



Plan for daughters’ marriages. Set aside separate investments for each goal.



Use long-term mutual funds. Avoid FDs for long goals. FD returns may not beat inflation.



Consider laddering your FD maturity for liquidity management.



Children’s Future Planning

Keep SSY till maximum allowed age. It gives fixed returns and tax benefit.



Use mutual funds for education, not marriage.



Marriage expenses can be met from gold. But do not depend fully on it.



Begin education goal SIPs immediately. Choose different SIPs for each child.



Let SIPs run for minimum 5-8 years.



Use STP from lump sum, if required. Avoid investing lump sum directly in equity.



Retirement Readiness

You should create a retirement corpus from now.



Do not plan to sell property for retirement. Keep retirement income independent.



Build a mutual fund portfolio. You have 15 years to build.



Monthly SIPs are useful. Increase SIP amount every year.



Review your investments every 6 months with a Certified Financial Planner.



Do not stop SIPs even during market falls. That gives good long-term benefit.



Estate and Will Planning

You have three children. Create a will soon.



Divide your assets equally. This avoids future conflicts.



Include gold, land, PPF, SSY and investments in your will.



Appoint executor and keep one nominee in each account.



Tax Efficiency

You have PPF and SSY. They give good tax saving.



You can save more tax by investing in ELSS mutual funds.



ELSS gives Section 80C benefit and better returns than FD.



For retirement, equity funds are tax efficient. LTCG is taxed only above Rs.1.25 lakh at 12.5%.



Debt funds are taxed as per your slab. So use equity for long term.



Insurance Planning

Life insurance is missing. Create term plan immediately.



Choose term cover till your retirement age.



Do not invest in ULIP or traditional plans.



They mix insurance with investment. Returns are low. Surrender if you already hold them.



Use pure term plan. Rest of your money should go to mutual funds.



Finally

You are doing well in terms of income and assets.



You have short, medium and long-term goals.



Start SIPs. Create separate SIPs for each goal.



Protect family with term insurance and health insurance.



Avoid direct equity. Use mutual funds through certified distributors.



Avoid traditional life insurance plans, index funds, and annuities.



Make will. Keep financial documents safe and accessible to spouse.



Take advice from a Certified Financial Planner for review every 6 months.



Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: Focus on trying to improve your reading skills. Everyday read for 1 hour atleast. Also over a period of time start reading philosophy or abstract articles.

Ans: Focus on trying to build your resume during your MBA course. Take part in intercollege case study competitions. Do some relevant online courses that can help you get a job in your domain. Do internships.

Ans: if you are confident enough that the company in which you work will not grow in terms of revenue and the stock price would not rise enough of the rate of interest that you are paying then sell it and close the home loan, else let the home loan be because as an investor psychology you would not be disciplined enough to do SIP of the EMI amount.
I would suggest you book 50% of the stock and clear the home loan and reduce the EMI. Invest the EMI difference in a Bluechip Mutual fund through SIP. Gold i would suggest to hold.

Ans: When filling out the application form, remember to be alert, careful, and confident. You're applying for your future, so there's no need to panic.

Additionally, there is no issue with the records; they pertain specifically to Kavya M.S. and not Kavya MS, so you can proceed.

Another important piece of advice: DOWNLOAD the UMANG app and retrieve all your mark sheets and certificates. This will be helpful in case any issues arise, so DONT DELAY!

BEST WISHES

POOCHO. LIFE CHANGE KARO.

Ans: Hello Anushka.
Yes, you are eligible to apply for NFSE without giving the entrance test. It's advisable to check the official NFSU admission portal or contact the university directly for detailed information
Follow me if you like the reply. Thanks
Radheshyam

Ans: You are asking a very important question. Appreciate your curiosity.

Let’s go step by step.

What is SIP?
SIP means Systematic Investment Plan.

It is a way to invest small amounts every month in a mutual fund.

You can start with as low as Rs.500 per month.

The money gets auto-debited from your bank account.

It helps you build wealth slowly and steadily over time.

Can I Start SIP at Age 55?
Yes, absolutely. You can start SIP even at 55.

There is no age limit to start a SIP.

Many people start SIPs even in their 60s.

What matters more is your investment goal and time horizon.

What Are The Benefits of SIP?
Helps in building corpus gradually.

Gives benefit of rupee cost averaging.

You don’t need to time the market.

Helps in financial discipline.

Can be linked to your retirement goal.

Is SIP Risky?
It depends on where you invest the SIP.

If it’s equity mutual funds, there will be market ups and downs.

But if held for long, they can give better returns than FD or gold.

Debt mutual fund SIPs are more stable but give lower returns.

How Long Should I Stay Invested?
Try to stay invested for at least 5 to 10 years.

Even at age 55, you can stay invested till age 65 or 70.

Retirement doesn't mean stopping SIPs. You can continue post-retirement too, if income allows.

Where Should I Start SIP?
Since you asked, let me also highlight something important.

If someone told you to invest in direct mutual funds, here’s what you need to know:

Why Regular Mutual Funds are Better than Direct Funds for You?
Direct plans look cheaper, but they don’t give personal guidance.

At age 55, wrong fund choice can cost you years of savings.

Regular mutual funds bought through a Certified Financial Planner (CFP) offer ongoing review, advice, and goal-based support.

CFPs help you align investments with your needs—like retirement, health, or your son’s wedding.

The small fee involved in regular funds is worth the peace of mind and expert care.

Should You Do Equity or Debt SIP?
This depends on your needs.

If you have more than 7 years, then equity mutual funds are better.

If you need money in 3 to 5 years, then hybrid or debt funds are better.

Do not put all money in one category. Balance it.

SIP is Not a Product – It is a Mode
This is often misunderstood.

SIP is not a fund or product.

It is a way to invest in a fund in small regular steps.

You can do SIP in equity fund, debt fund, or hybrid fund.

Can I Stop SIP Anytime?
Yes. You can pause or stop SIP anytime.

You are not locked in (except for tax-saving SIPs).

Flexibility is a major advantage of SIPs.

Should You Start SIP at 55?
Yes, and here’s why:

You still have more than 25 years of life ahead.

Life expectancy is increasing. You need money even after retirement.

SIP gives you an edge to build that retirement income.

Don't wait for perfect time. Start small, and scale up later.

How to Start?
First, consult a Certified Financial Planner (CFP).

They will assess your goals, risks, and duration.

Then they will recommend right mutual funds and SIP amount.

Make sure the SIP aligns with your retirement income needs.

What Mistakes to Avoid?
Don’t go only by past performance.

Don’t do SIP in random funds or based on friends’ advice.

Avoid direct funds unless you can manage everything yourself.

Don’t withdraw early unless necessary.

What If You Need Monthly Income Later?
After few years, SIP can be turned into SWP (Systematic Withdrawal Plan).

SIP builds the wealth, SWP gives you monthly income post-retirement.

This helps create regular cash flow, like pension.

Final Insights
SIP is simple, flexible and useful at any age.

55 is not too late. It is a perfect time to start.

Retirement may come soon. Start preparing today with small, consistent steps.

SIP is not magic. It needs patience, time, and guidance.

Let your money work even when you rest.

Take professional support from a Certified Financial Planner. That ensures peace of mind.

Best Regards,
 
K. Ramalingam, MBA, CFP,
 
Chief Financial Planner,
 
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment