विशेषज्ञ की सलाह चाहिए?हमारे गुरु मदद कर सकते हैं

Ans: Your Current Financial Snapshot
Your age: 46 years

Your monthly income: Rs 1.30 L

Wife's monthly income: Rs 1.00 L

Combined monthly income: Rs 2.30 L

No liabilities: except monthly credit card dues

Assets:

Provident Fund: Rs 69 L (inactive now)

Fixed Deposits: Rs 30 L

PPF: Rs 11 L

Mutual Funds: Rs 8 L (SIP of Rs 4.5K since 2018)

Cash in hand: Rs 7.5 L

Stocks: Rs 1 L (illiquid)

Wife’s FDs: Rs 56 L

Insurance:

LIC Jeevan Saral – Rs 24K premium since 2011

ICICI Suraksha Plus – Rs 30K premium since 2017

LIC Policy maturing in Feb 2026 – Sum assured Rs 2 L

Goal 1: Buying a Rs 1 Cr House
Ideal Loan Amount
Do not fund the full cost from own savings.
Avoid large EMI burden as retirement is near.
Limit EMI to 30-35% of combined income.

You can consider a loan of around Rs 40–50 L.
Use Rs 50–60 L from your savings to make the down payment.
Maintain at least Rs 15–20 L as emergency/reserve post purchase.

Why not fund entirely from own savings?

Drains liquidity

FD interest drops due to lower balance

You lose flexibility for other goals like retirement

Home loan gives tax benefits under Section 80C and Section 24

If you fund more from savings,
keep Rs 20 L untouched as future cushion.
Don’t use wife’s entire FD corpus.

Ideal Allocation Plan After House Purchase
Assuming Rs 50 L used from your side for house.
Remaining from your combined assets: around Rs 135–140 L

Here’s how to deploy the remaining amount wisely.

Emergency Reserve & Liquidity
Keep about Rs 10–15 L in liquid form

Rs 5 L in savings + sweep-in FD

Rs 5 L in Arbitrage or Liquid Mutual Funds

Rs 5 L in wife’s FD for short-term use

This ensures comfort during medical or job-related needs.

Review Existing Insurance Policies
LIC Jeevan Saral & ICICI Suraksha Plus
These are investment-cum-insurance products.
Very low returns (often below FD rate).
Surrender them if surrender value is acceptable.
Reinvest that amount into mutual funds.
Your age and earning power support equity now.

LIC policy maturing in 2026
Hold till maturity. Use maturity for investment.

Insurance Coverage: Key Gaps
You didn’t mention term insurance.
Buy pure term insurance of Rs 1–1.5 Cr till age 60.
Choose low-cost, online term plan.

Health cover for self and family must be minimum Rs 10 L each.
Top-up plans are also good and affordable.

Mutual Funds – Scaling Up Smartly
Current MF corpus is just Rs 8 L
SIP is only Rs 4.5K since 2018 – very low

You can now scale this up to Rs 40–50K monthly

Start with:

40% in flexi cap and large-mid cap funds

30% in mid and small cap funds (gradually increasing)

20% in hybrid aggressive funds

10% in sectoral or thematic (with caution)

Invest through Regular Plan via MFD + CFP
You’ll get handholding, rebalancing and emotional discipline

Avoid Direct plans as:

No personal guidance

No periodic review

No help in STP/SWP or goal tracking

CFP support ensures goal-linked investments

Asset Allocation Post House Purchase
Distribute Rs 135–140 L (your and wife’s balance corpus) as below:

Rs 15 L – Emergency & short-term needs

Rs 50 L – Mutual Funds (goal-based SIP + STP from FD)

Rs 30 L – Keep in FDs (senior citizen safety & laddering)

Rs 10 L – PPF (keep topping up for long-term debt safety)

Rs 10 L – Equity hybrid fund (for stable returns)

Rs 10–15 L – STP from FD into equity over next 12–18 months

This mix gives you:

Liquidity

Long-term growth

Moderate safety

Tax-efficiency

Retirement Planning Insights
You have about 12–13 years till age 60
Estimate monthly expenses post retirement: say Rs 70K today
Inflation-adjusted future value: around Rs 1.4 L per month

To generate that, corpus of Rs 2.5–3 Cr is required
You already have Rs 69 L in PF and Rs 11 L in PPF
Balance Rs 1.5 Cr can come from:

SIP investments

ICICI/Life policy surrender reinvestment

Wife’s FD maturity proceeds

Equity growth till retirement

You need at least Rs 50K SIP per month for next 12 years
Invest through actively managed equity MFs with CFP review

Avoid index funds due to:

No downside protection

No fund manager judgment

Just mirror performance – no alpha

Can't switch strategies when market falls

Actively managed funds:

Beat benchmark returns in long term

Professional fund management

Good for volatility handling

Wife’s FD Corpus – Growth Strategy
Wife holds Rs 56 L in FD – too conservative
Can split it for better returns:

Rs 10 L – Keep in FD for short-term needs

Rs 20 L – Use STP into Balanced Advantage or Hybrid funds

Rs 10 L – SIP in equity funds

Rs 5 L – Invest in PPF (if not maxed already)

Rs 5 L – Keep in liquid fund

Rs 6 L – Senior Citizen Saving Scheme or Monthly Income Plan (after age 60)

Tax Efficiency Points
Redeem equity MFs after 1 year for LTCG benefits

New LTCG rule: Tax at 12.5% above Rs 1.25 L gain

STCG from equity taxed at 20%

FD interest fully taxable – reinvest smartly

PPF and EPF are tax-free

Use goal-wise investment buckets to reduce tax burden
Avoid sudden bulk redemptions

Credit Card Usage & Discipline
Always repay full dues every month

Don’t convert to EMI

Avoid multiple cards

Track rewards but avoid overuse

Use auto-debit to avoid late fee

Final Insights
You are well placed financially

Avoid over-allocation to FDs and insurance

Use MFs for long-term goals like retirement

Use STP to shift from FD to equity safely

Keep emergency buffer always

Involve wife in financial decisions

Review insurance adequacy and invest in pure protection

Take help from CFP for long-term plan

This approach will bring peace and clarity
You’ll build a corpus that supports all future goals

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