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Nitin Narkhede
MF, PF Expert
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Nitin Narkhede, founder of the Prosperity Lifestyle Hub, is a certified financial advisor with eight years of experience in helping clients design and implement comprehensive financial life plans.
As a mentor, Nitin has trained over 1,000 individuals, many of whom have seen remarkable financial transformations.
Nitin holds various certifications including the Association Of Mutual Funds in India (AMFI), the Insurance Regulatory and Development Authority and accreditations from several insurance and mutual fund aggregators.
He is a mechanical engineer from the J T Mahajan College, Jalgaon, with 34 years of experience of working with MNCs like Skoda Auto India, Volkswagen India and ThyssenKrupp Electrical Steel India.... more
As a mentor, Nitin has trained over 1,000 individuals, many of whom have seen remarkable financial transformations.
Nitin holds various certifications including the Association Of Mutual Funds in India (AMFI), the Insurance Regulatory and Development Authority and accreditations from several insurance and mutual fund aggregators.
He is a mechanical engineer from the J T Mahajan College, Jalgaon, with 34 years of experience of working with MNCs like Skoda Auto India, Volkswagen India and ThyssenKrupp Electrical Steel India.... more
Answered on Dec 01, 2025
i am a 65 year old person at present working in a company as advisor with Rs.2,00,000/-month remuneration.My son is studying 1st year B.Tech.My wife is a home maker.I am having 2 apartments on my name worth approx.2 crores.MY wife is a single child to my in laws and i stay in my mother in law's house as my wife has to take care of her. I am having a plot which costs about 75 lakhs rupees.I am having PPF amount Rs,25 lakhs in my account and still account is not closed.I may be having a cash of Rs.20 lakhs approx.in various forms.I am havinga stocks porfolio worth Rs30 lakhs.I am giving you my MF sips in various forms.The MFs amount is to the tune of Rs.80 lakhs. Fund Name Category SIP Amount % of Portfolio Motilal Oswal Large Cap Fund Large Cap ₹15,000 10.3% Nippon India Large Cap Fund Large Cap ₹13,000 8.9% Total Large Cap ₹28,000 19.2% HDFC Midcap Fund Mid Cap ₹7,500 5.1% Edelweiss Mid Cap Fund Mid Cap ₹31,000 21.2% Total Mid Cap ₹38,500 26.3% SBI Small Cap Fund Small Cap ₹3,500 2.4% Nippon India Small Cap Fund Small Cap ₹2,000 1.4% Total Small Cap ₹5,500 3.8% Parag Parikh Flexicap Fund Flexi Cap ₹38,500 26.3% HDFC Focused Fund Focused ₹7,000 4.8% Mirae Asset Large & Midcap Fund Large & Mid Cap ₹2,500 1.7% Total Diversified Equity ₹48,000 32.8% Canara Robeco Multi Asset Multi Asset ₹1,500 1.0% HDFC Balanced Advantage Fund BAF ₹10,000 6.8% Total Hybrid / Debt-Oriented ₹11,500 7.9% Tata Nifty Capital Markets Index Sectoral (Financial Services) ₹2,000 1.4% Nippon India Banking & Financial Services Sectoral (Financial Services) ₹1,500 1.0% Total Sectoral ₹3,500 2.4% Total SIP amount is approx.Rs.1.5 lakhs / month . I am having monthly sips for SBI small cap,nippon india small cap, dsp small cap rs.5000/-each in addition to above SIPs.My total MFs amount is approx.rs.75 lakhs. Though i am not sure how many months my assignment continue, immediately there is no threat.at present my health only is the criteria to continue and i may continue for maximum of one year.MY wife also may be having cash in various forms to the tune of Rs.50 lakhs. This is my financial status. Kindly guide me for a better and remunerative planning.aLSO PLEASE ADVISE MEWHETHER I CAN INVEST IN REIT AND SIF ALSO.PLEASE GUIDE ME.Best Regards.
Ans: Dear Nandakunduru,
Here is the analysis and recommendations for your Retirement planning. At 65, you are in a strong financial position with no liabilities, a ?2 lakh monthly income, your wife as a homemaker, and a son pursuing B.Tech. You own two apartments worth ~?2 crore, a plot worth ?75 lakh, ?25 lakh in PPF, ~?20 lakh in cash, ?30 lakh in stocks, and mutual funds worth ~?75–80 lakh. Your wife has an additional ~?50 lakh in liquid assets. You also invest ?1.5 lakh per month in 20+ mutual funds, heavily tilted towards mid- and small-cap schemes, making your portfolio overly aggressive for your age.
The most important steps now are to reduce risk, secure predictable income, and simplify your investments. Consolidate your mutual funds into 6–7 core schemes focusing on large-cap, flexi-cap, and limited mid-cap exposure, while reducing duplicate and high-volatility funds. Shift a large part of free cash—60 to 70 lakh—into safe income sources such as SCSS, FDs, RBI bonds, and debt funds to ensure stable monthly income. REITs and InvITs can be added (5–8%) for passive quarterly income.
Overall, with proper restructuring, you can comfortably generate ?1.1–1.4 lakh monthly post-retirement while preserving capital, supporting your son’s education, and ensuring long-term stability for your wife. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Here is the analysis and recommendations for your Retirement planning. At 65, you are in a strong financial position with no liabilities, a ?2 lakh monthly income, your wife as a homemaker, and a son pursuing B.Tech. You own two apartments worth ~?2 crore, a plot worth ?75 lakh, ?25 lakh in PPF, ~?20 lakh in cash, ?30 lakh in stocks, and mutual funds worth ~?75–80 lakh. Your wife has an additional ~?50 lakh in liquid assets. You also invest ?1.5 lakh per month in 20+ mutual funds, heavily tilted towards mid- and small-cap schemes, making your portfolio overly aggressive for your age.
The most important steps now are to reduce risk, secure predictable income, and simplify your investments. Consolidate your mutual funds into 6–7 core schemes focusing on large-cap, flexi-cap, and limited mid-cap exposure, while reducing duplicate and high-volatility funds. Shift a large part of free cash—60 to 70 lakh—into safe income sources such as SCSS, FDs, RBI bonds, and debt funds to ensure stable monthly income. REITs and InvITs can be added (5–8%) for passive quarterly income.
Overall, with proper restructuring, you can comfortably generate ?1.1–1.4 lakh monthly post-retirement while preserving capital, supporting your son’s education, and ensuring long-term stability for your wife. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Answered on Nov 22, 2025
Asked by Anonymous - Nov 20, 2025Hindi
Sir Need Financial advise ----
Dear sir I am 65 yrs of age ,with following basics ----
1) I do not have any loan to pay ( Never taken loan ) , own floor in gurgaon,O2 daughter,(no son ) & got married , both are in job. Both Son in law .in job, Both are doing well. & in gurgaon .
2) Me & my wife ( 59yrs) are staying at gurgaon ,visiting native place in MP occasionally.
3) Monthly expenses around 70 to 75k
4 ) want to discontinue job from Jan 2026, ( Currently getting 75k PM )
5 ) Invested 70L in SSSC schemes ,getting 1.4 L quaterly
6) Further want to invest 30/35L in Suitable fund. where can get 1..0L quaterly
with funds to grow & safe ,
My wife also have some corpus about 10.0L excluding above 30/35L
7) will it be possible to achieve it ? Pls advise.
.
Ans: Dear Sir,
At age 65, with no loans and a home in Gurgaon, you are well-positioned for a secure retirement. Your monthly expenses are around 70–75k, and your SCSS investment of 70 lakh already provides about 46,666 per month. You plan to stop working in January 2026 and wish to invest an additional. 30–35 lakh to generate a steady quarterly income with safety and some growth. A balanced approach can meet this goal. Placing about 20 lakh in high-quality corporate FDs or small finance bank FDs can offer around 8–8.5% returns, giving stable quarterly income. Investing? 10–12 lakh in conservative mutual fund categories such as Balanced Advantage or Equity Saving Funds through SWP can add moderate growth and controlled risk. Your wife’s 10 lakh corpus can be kept as an emergency fund split between liquid funds and fixed deposits. Together, these investments can generate around 69,000 per month, supporting your lifestyle comfortably without relying on children.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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At age 65, with no loans and a home in Gurgaon, you are well-positioned for a secure retirement. Your monthly expenses are around 70–75k, and your SCSS investment of 70 lakh already provides about 46,666 per month. You plan to stop working in January 2026 and wish to invest an additional. 30–35 lakh to generate a steady quarterly income with safety and some growth. A balanced approach can meet this goal. Placing about 20 lakh in high-quality corporate FDs or small finance bank FDs can offer around 8–8.5% returns, giving stable quarterly income. Investing? 10–12 lakh in conservative mutual fund categories such as Balanced Advantage or Equity Saving Funds through SWP can add moderate growth and controlled risk. Your wife’s 10 lakh corpus can be kept as an emergency fund split between liquid funds and fixed deposits. Together, these investments can generate around 69,000 per month, supporting your lifestyle comfortably without relying on children.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
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Answered on Nov 22, 2025
Hello gurus. Currently I am 36 years old. I have just started investing in mutual funds. (a) parag parekh flexi cap - 7500/- per month (B) GROWW nifty midcap 150 index fund -2500/- per month (C) mirae asset ELLS tax saver -5000/- (D) pGIM india mid cap opp. Fund -5000/- (E) quant infrastructure fund-3500/- (F) quant small cap fund -4000/- (G) qyant active fund -3500/- (H) quant absolute fund-5000/- Total i am investing 36000/- per month. I want to get 2 crore till 2035. Additionally i want to invest 1 lakh per annum So my questions is ARE THESE MUTUAL FUNDS ARE OK or I should change any fund and in case of change, which fund I should exit And where should I invest this additional 1 lkh rupee per annum. These all funds are direct growth funds.
Ans: Dear Rajesh,
At 36, you are investing ?36,000 per month across eight mutual funds, but your portfolio is cluttered and heavily tilted toward high-risk Quant schemes and mid/small caps. This reduces stability and creates unnecessary overlap. A cleaner, balanced structure will help you reach your ?2 crore target by 2035. Retain strong core funds like Parag Parikh Flexicap, Mirae Tax Saver, PGIM Midcap, and Nifty Midcap 150 Index. Exit Quant Infrastructure, Quant Active, and Quant Absolute, and reduce exposure to Quant Small Cap. Add stability through ICICI Balanced Advantage and a large-cap or flexicap fund such as ICICI Bluechip or Kotak Flexicap. Continue your SIP of ?36,000 but increase it by 10% annually to boost long-term compounding. The additional ?1 lakh per year can be invested in ICICI Balanced Advantage or Parag Parikh Flexicap to balance risk and growth. With disciplined allocation, controlled exposure to mid- and small-cap stocks, and systematic yearly SIP increases, achieving a ?2 crore corpus within the next 12 years is realistic and achievable. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
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At 36, you are investing ?36,000 per month across eight mutual funds, but your portfolio is cluttered and heavily tilted toward high-risk Quant schemes and mid/small caps. This reduces stability and creates unnecessary overlap. A cleaner, balanced structure will help you reach your ?2 crore target by 2035. Retain strong core funds like Parag Parikh Flexicap, Mirae Tax Saver, PGIM Midcap, and Nifty Midcap 150 Index. Exit Quant Infrastructure, Quant Active, and Quant Absolute, and reduce exposure to Quant Small Cap. Add stability through ICICI Balanced Advantage and a large-cap or flexicap fund such as ICICI Bluechip or Kotak Flexicap. Continue your SIP of ?36,000 but increase it by 10% annually to boost long-term compounding. The additional ?1 lakh per year can be invested in ICICI Balanced Advantage or Parag Parikh Flexicap to balance risk and growth. With disciplined allocation, controlled exposure to mid- and small-cap stocks, and systematic yearly SIP increases, achieving a ?2 crore corpus within the next 12 years is realistic and achievable. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on Sep 11, 2025
By investing in FD in small finance bank good
Ans: Investing in Fixed Deposits (FDs) with small finance banks can be a good option, but it depends on your goals and risk appetite. Use small finance bank FDs for short to medium-term goals or as part of a diversified portfolio, ensuring amounts per bank stay within ?5 lakh for deposit insurance safety. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Answered on Sep 03, 2025
Subject: Request for Financial Planning Guidance
Hi Sir,
I am 43 years old, working in the IT sector along with my wife. We have a 1.5-year-old daughter. Below is our current financial profile:
Income
My monthly salary: ₹1.78 lakhs
My wife’s monthly salary: ₹75,000
Investments & Savings
NPS: ₹4 lakhs corpus (₹50,000 annual contribution)
Equity: Invested ₹28 lakhs, current value ₹20 lakhs (₹8 lakhs loss)
Mutual Funds: SIPs of ₹36,000/month (₹18,000 each), current value ₹2 lakhs
PF: My PF ₹15 lakhs, wife’s PF ₹1 lakh
Assets
Residential property in a non-metro city worth ~₹1.2 crore
Agricultural land in my village worth ~₹1 crore (no regular income generated)
Loans
Home Loan: ₹75 lakhs, outstanding ₹55 lakhs; EMI ₹68,000/month @ 7.6%
Principal: ~₹30,000/month
Interest: ~₹38,000/month
Car Loan: ₹9 lakhs; EMI ₹22,000/month @ 7.8%
Expenses & Savings
Monthly household expenses (rent, groceries, etc.): ~₹30,000
Net savings after all commitments: ₹75,000–₹80,000/month
Upcoming Commitments
Daughter’s schooling expenses will begin in ~1.5 years
My Queries
I am considering selling the agricultural land (worth ~₹1 crore) and constructing a house for rental income (construction cost ~₹1 crore). Is this a wise decision?
How can I repay my home loan faster and reduce interest burden?
Given the current uncertainty in the IT sector, what would be a better strategy to build long-term wealth and secure my family’s future?
Kindly suggest the best course of action.
Ans: Dear Vishwanath,At 43, you and your wife together earn ?2.53 lakh monthly, with a home loan EMI of ?68,000, car loan EMI of ?22,000, and household expenses of ?30,000. Net savings are about ?75,000–?80,000 monthly. Investments include EPF/NPS of ?20 lakh, mutual funds with ?36,000 SIPs, equity of ?20 lakh, and other savings. Assets include a residential property worth ?1.2 crore and agricultural land of ?1 crore. The key focus should be clearing the car loan quickly, building a ?10–12 lakh emergency corpus, and prepaying the home loan whenever possible. Avoid constructing a rental house as yields are low. Consolidate mutual funds into a focused portfolio, increase NPS gradually, secure adequate term and health cover, and start a dedicated education fund for your daughter.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on Sep 03, 2025
Asked by Anonymous - Aug 31, 2025Hindi
Hi Team
Need your advise on my current investment portfolio where I invest upto 6400
0 monthly. Currently I am 43 years old and targeting my investment to 2 cr. Are my investment in the right track. Please advise.
Scheme Name distributed across and current value at 12lakhs. Have I chosen the right investments
Axis Midcap Fund Growth
Kotak Multicap Fund Growth
Tata Digital India Fund Growth
Kotak Large Cap Fund Direct Growth
Kotak Small Cap Fund Growth
Tata Balanced Advantage Fund Growth
ICICI Prudential Equity Savings Fund Growth
UTI Multi Asset Allocation Fund Plan Growth
Axis Midcap Direct Plan Growth
Kotak Arbitrage Fund Growth
Axis Large & Mid Cap Fund Direct Growth
UTI Large & Mid Cap Fund Plan Growth
Tata Digital India Fund Direct Growth
Motilal Oswal Midcap Fund Direct Growth
ICICI Prudential Equity & Debt Fund Growth
Invesco India Largecap Fund Growth
Nippon India Gold Savings Fund Direct Growth
Kotak Manufacture in India Fund Growth
Kotak Small Cap Fund Direct Growth
Kotak Large Cap Fund Growth
Axis Large & Mid Cap Fund Growth
Nippon India Flexi Cap Fund Growth
Ans: Dear Friend,
At 43, you have built a corpus of ?12 lakh and are investing ?64,000 monthly with a target of ?2 crore. Your portfolio is spread across 20+ funds, with heavy overlap in midcap, smallcap, and largecap categories, along with sectoral and hybrid exposure. While diversification is good, excess duplication dilutes returns and adds complexity. You are overexposed to volatile mid/small caps and sectoral funds, while debt and hybrids are relatively underweighted. Simplifying into 6–7 quality funds—mixing large/flexicap, midcap, smallcap, balanced advantage, gold, and limited sectoral allocation—will provide better balance. With current investments, you are on track to cross ?3 crore in 15 years. Gradually shift part of equity into hybrid/debt after 50 and maintain an emergency buffer.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
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At 43, you have built a corpus of ?12 lakh and are investing ?64,000 monthly with a target of ?2 crore. Your portfolio is spread across 20+ funds, with heavy overlap in midcap, smallcap, and largecap categories, along with sectoral and hybrid exposure. While diversification is good, excess duplication dilutes returns and adds complexity. You are overexposed to volatile mid/small caps and sectoral funds, while debt and hybrids are relatively underweighted. Simplifying into 6–7 quality funds—mixing large/flexicap, midcap, smallcap, balanced advantage, gold, and limited sectoral allocation—will provide better balance. With current investments, you are on track to cross ?3 crore in 15 years. Gradually shift part of equity into hybrid/debt after 50 and maintain an emergency buffer.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on Sep 03, 2025
Sir - Kindly let me know which is safe for holding my MFs - in physical or demat form. Thanks and regards
Ans: The Dmat form is easy to liquidate and manage, allowing for the use of instruments such as systematic transfers to more efficient funds or systematic withdrawals if required regularly, without hassle.
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Answered on Sep 03, 2025
Asked by Anonymous - Sep 02, 2025Hindi
Sir, I am 45. Have 75 Lacs in pure equity mutual funds. No loan or other liability. Monthly expense is 50000. I have a house which I will sell and get 45 Lacs. Job is not certain...I may work for 5 years maximum. 1) How should I allocate my 45 lacs among mutual funds. I am planning to put 35 lacs in debt funds (short and medium term) and 10 lacs in Gold ETF. Please suggest right approach
Ans: Dear Friend, At 45, with ?75 lakh in equity mutual funds and ?45 lakh expected from a property sale, financial stability and diversification are crucial given job uncertainty in the next five years. A balanced allocation strategy would be to keep ?25–30 lakh in short-duration or dynamic bond funds for stability, ?5–7 lakh in gold ETFs for inflation hedge, and ?8–10 lakh in balanced advantage or equity hybrid funds for growth with reduced volatility. Maintain 6–12 months’ expenses in liquid funds. This approach ensures safety, growth, and liquidity while gradually reducing equity exposure to around 60% as retirement nears.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
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Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on Sep 03, 2025
Asked by Anonymous - Sep 02, 2025Hindi
I am 40 years old with wife and one daughter. I have 2cr in Bank FD, 1.5 cr in Postoffice schemes, 50L cash and 30L in MF, with monthly 20k SIP. What is the best way to retire in 6 months ? No liabilities, and flat in Bangalore and 3 plots of land in my native. What is the maximum that can be earned with this distribution ?
Ans: Dear cFriend,
With a strong debt-heavy portfolio of FDs, post office schemes, cash, mutual funds, and property, you are financially well-placed to retire early. Current assets can comfortably yield around ?1.6–1.8 lakh monthly through interest, sufficient for expenses now, but inflation will erode purchasing power over decades. To sustain long-term retirement, diversification is essential. Allocate 25–30% of funds into equity mutual funds for growth while retaining 3–5 years of expenses in safe debt or liquid funds. Use systematic withdrawal plans alongside interest income for stability. Property holdings act as an inflation hedge, though selling one to rebalance can strengthen your portfolio further.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
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With a strong debt-heavy portfolio of FDs, post office schemes, cash, mutual funds, and property, you are financially well-placed to retire early. Current assets can comfortably yield around ?1.6–1.8 lakh monthly through interest, sufficient for expenses now, but inflation will erode purchasing power over decades. To sustain long-term retirement, diversification is essential. Allocate 25–30% of funds into equity mutual funds for growth while retaining 3–5 years of expenses in safe debt or liquid funds. Use systematic withdrawal plans alongside interest income for stability. Property holdings act as an inflation hedge, though selling one to rebalance can strengthen your portfolio further.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on Sep 03, 2025
Asked by Anonymous - Sep 02, 2025Hindi
Sir I had a deposit of 6700+ with Axis direct. An IPO of Bluestone jewellary came and group admin advised me to bid for it. I never imagined that a large chunk of the sahres i.e. 4739 will be allotted to me, at a bid price of 206/- thru QIB Axis direct. Now I am not having a single penny to fulfill the obligation of the issue.
My deposit of 6700+ is lying with Axis direct. They are chasing me for payment, but Nor I am having anything in bank, nor I could raise from family or friends. So what is the solution and repercusssions for me. I am 80 years old and on dialysis since last six years.
Ans: You mistakenly applied in the QIB category of an IPO, resulting in an allotment worth nearly ?9.8 lakh, far beyond your means. With only a small deposit in Axis Direct and no funds to pay, the obligation cannot be fulfilled. The likely consequences are cancellation of allotment, forfeiture of your deposit, possible blacklisting from IPOs, or suspension of your trading account. Immediate action is essential—write to Axis Direct’s grievance team, explain your age, health condition, and inability to pay, and request closure of the matter with deposit forfeiture. Ignoring communication may escalate matters unnecessarily. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Answered on Sep 03, 2025
Asked by Anonymous - Sep 02, 2025Hindi
I am 53 with a corpus of 1.2cr in MF, monthly sip of 60k. My take home salary is 1.5lac, I have 60lacs in Post office various schemes. PF 24lac, insurance investment 30lac, NPS 4lac , equity 10lacs. We are a family of 4 ,one son is still in school has 16yrs to be independent and one son is working in a private job. Want to retire by age 55 .
Monthly expenses 65k
Ans: Dear Friend, You have built a corpus of around ?2.5 crore spread across mutual funds, post office schemes, PF, insurance, and equities. With a monthly surplus after expenses, continuing systematic investments is key. To sustain a comfortable lifestyle beyond 55, factoring inflation, you’ll require at least ?4–5 crore. To achieve this, maintain current SIPs, shift some low-yield assets into higher-growth mutual funds, and aim for a balanced equity-debt mix (around 60:40). Create a bucket strategy with 2–3 years’ expenses in safe assets and the rest in growth instruments. With disciplined investing and prudent allocation, retirement goals can be comfortably met.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
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Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on Aug 23, 2025
Sir, Iam 71yrs and heart patient. Constructing a house or buy a property is bit tough for me. Instead i want to know alternative ways to invest the house sale proceeds, may be around 40+lakhs, like investments in deposits or any other avenues for income rax purpose. Kindly guide for a safer use and then I will go for the sale of my 35 yrs old property. Thank you.
Ans: At 71, with health concerns, your priority should be **safety, liquidity, and steady income** from your ?40+ lakh proceeds. You can allocate funds across secure options: **Senior Citizens’ Savings Scheme (SCSS)** up to ?30 lakh for \~8.2% quarterly interest, **Post Office MIS** up to ?9 lakh for \~7.4% monthly income, and **RBI Floating Rate Bonds** (\~8% half-yearly payout). The balance can go into **bank FDs** with senior citizen benefits. If facing capital gains tax, invest in **54EC Bonds** to save tax. This balanced allocation ensures predictable income, low risk, and tax efficiency for long-term financial stability.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
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Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Answered on Aug 23, 2025
Answered on Aug 10, 2025
Asked by Anonymous - Aug 09, 2025Hindi
At the age of 36,I have created a corpus of around 1.5 Crore INR by holding 46000 jsw infrastructure shares,mutual funds and PPF. I am Targeting 370-80rs per share for exit. My annual income is currently 12 LAKHS CTC and married with 1 kid.Also I want to create a housing property and plan to invest in the lumpsum for retirement. W
Please advise.
Ans: Dear Friend,
Your target exit price of ?370–?380 per share could provide significant liquidity. You aim to buy a house and invest the balance for retirement. With an annual income of ?12 lakh, a spouse, and one child, your priorities should be balancing growth, safety, and future needs. On selling JSW shares, allocate 50–60% of your total funds toward a home within your affordability, keeping EMIs or maintenance manageable. Invest the remaining amount in a diversified mix — 40–50% equity mutual funds for long-term growth, 30–40% debt instruments for stability, and 5–10% gold/SGB as a hedge. Maintain 6–12 months of expenses in liquid funds or FDs. Avoid overreliance on a single stock and book profits in phases. This approach secures housing, builds retirement wealth, and manages risks effectively. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
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Your target exit price of ?370–?380 per share could provide significant liquidity. You aim to buy a house and invest the balance for retirement. With an annual income of ?12 lakh, a spouse, and one child, your priorities should be balancing growth, safety, and future needs. On selling JSW shares, allocate 50–60% of your total funds toward a home within your affordability, keeping EMIs or maintenance manageable. Invest the remaining amount in a diversified mix — 40–50% equity mutual funds for long-term growth, 30–40% debt instruments for stability, and 5–10% gold/SGB as a hedge. Maintain 6–12 months of expenses in liquid funds or FDs. Avoid overreliance on a single stock and book profits in phases. This approach secures housing, builds retirement wealth, and manages risks effectively. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on Aug 10, 2025
Asked by Anonymous - Aug 09, 2025Hindi
At the age of 36,I have created a corpus of around 1.5 Crore INR by holding 46000 jsw infrastructure shares,mutual funds and PPF. I am Targeting 370-80rs per share for exit. My annual income is currently 12 LAKHS CTC and married with 1 kid.Also I want to create a housing property and plan to invest the balance in the lumpsum for retirement. Please advise.
Ans: Dear Friend,
Your target exit price of ?370–?380 per share could provide significant liquidity. You aim to buy a house and invest the balance for retirement. With an annual income of ?12 lakh, a spouse, and one child, your priorities should be balancing growth, safety, and future needs. On selling JSW shares, allocate 50–60% of your total funds toward a home within your affordability, keeping EMIs or maintenance manageable. Invest the remaining amount in a diversified mix — 40–50% equity mutual funds for long-term growth, 30–40% debt instruments for stability, and 5–10% gold/SGB as a hedge. Maintain 6–12 months of expenses in liquid funds or FDs. Avoid overreliance on a single stock and book profits in phases. This approach secures housing, builds retirement wealth, and manages risks effectively. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Your target exit price of ?370–?380 per share could provide significant liquidity. You aim to buy a house and invest the balance for retirement. With an annual income of ?12 lakh, a spouse, and one child, your priorities should be balancing growth, safety, and future needs. On selling JSW shares, allocate 50–60% of your total funds toward a home within your affordability, keeping EMIs or maintenance manageable. Invest the remaining amount in a diversified mix — 40–50% equity mutual funds for long-term growth, 30–40% debt instruments for stability, and 5–10% gold/SGB as a hedge. Maintain 6–12 months of expenses in liquid funds or FDs. Avoid overreliance on a single stock and book profits in phases. This approach secures housing, builds retirement wealth, and manages risks effectively. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Answered on Aug 10, 2025
I am 65 and have a corpus of 52 lakhs, I will need 25000 per month for house expense, I stay in my own loan free house, no liability, free medical facility and 4500 monthly pension
Ans: Dear Swara,
You are 65, with a ?52 lakh corpus, ?4,500 monthly pension, no liabilities, a loan-free home, and free medical coverage. Your household expense is ?25,000/month, leaving a net need of about ?20,500 after pension. Your corpus can comfortably sustain this if invested wisely. A conservative plan would be to place ?30 lakh in Senior Citizen Savings Scheme or Post Office MIS for stable, fixed income, ?15 lakh in short-duration debt mutual funds for liquidity and modest growth, and ?7 lakh in bank FDs for emergencies. At \~6–6.5% annual post-tax returns, you could generate about ?26,000/month interest, covering expenses without depleting principal much. With a gradual Systematic Withdrawal Plan (SWP), your corpus could last 25–28 years, even accounting for inflation. Avoid risky equities at this stage; focus on capital preservation, steady cash flow, and liquidity. Review annually to adjust for interest rate changes and rising costs.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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You are 65, with a ?52 lakh corpus, ?4,500 monthly pension, no liabilities, a loan-free home, and free medical coverage. Your household expense is ?25,000/month, leaving a net need of about ?20,500 after pension. Your corpus can comfortably sustain this if invested wisely. A conservative plan would be to place ?30 lakh in Senior Citizen Savings Scheme or Post Office MIS for stable, fixed income, ?15 lakh in short-duration debt mutual funds for liquidity and modest growth, and ?7 lakh in bank FDs for emergencies. At \~6–6.5% annual post-tax returns, you could generate about ?26,000/month interest, covering expenses without depleting principal much. With a gradual Systematic Withdrawal Plan (SWP), your corpus could last 25–28 years, even accounting for inflation. Avoid risky equities at this stage; focus on capital preservation, steady cash flow, and liquidity. Review annually to adjust for interest rate changes and rising costs.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Answered on Aug 10, 2025
Asked by Anonymous - Aug 10, 2025Hindi
Sir, I am a 33 year old IT professional with monthly income of Rs 1.9 lakh. I have a homemaker spouse, a 2 year old daughter, and parents aged 60. Since 2014, I have been investing about 60 percent of my income. My portfolio is EPF and VPF of Rs 14.6 lakh, PPF for self and spouse of Rs 18 lakh, NPS of Rs 7.7 lakh with Rs 10000 monthly SIP, direct shares of Rs 17 lakh with Rs 15000 SIP, ETF and SGB of Rs 10 lakh, mutual funds of Rs 24 lakh with Rs 15000 SIP in 3 schemes, gold chit with Rs 10000 per month in GRT. for parents income Annuity insurance in Aditya Birla for Rs 3 lakh per year giving Rs 25000 per quarter , and corporate bonds of Rs 14.3 lakh yielding 11 percent monthly. We live in a rented house in Chennai for Rs 14000 per month, same lifestyle for the past six years. My parents are in a village. There is a suggestion to buy a flat by selling some investments. Should I buy a house now or continue with these investments. Please guide on the best asset allocation for child future and retirement considering possible risks in IT sector.
Ans: Dear Friend,
You have a strong savings habit (60% of income) and a well-diversified portfolio across EPF/VPF, PPF, NPS, equities, MFs, ETFs, gold, annuity, and bonds, plus low living costs (?14k rent). Your emergency and retirement foundation is strong. Buying a house now in Chennai would reduce liquidity and potentially disrupt your compounding, especially since real estate returns in metro flats often lag equities over the long term. Unless you foresee rent rising sharply or plan to settle permanently, continuing to rent while investing can grow wealth faster. For asset allocation: keep ~50–55% in equity (MF + shares + ETFs), 25–30% in fixed income (EPF, PPF, bonds), 10% in gold/SGB, and the rest in NPS. For your child’s future, start a dedicated equity index fund SIP; for retirement, maintain high equity allocation until 50, then gradually shift to debt. Continue reviewing allocation yearly and diversify against IT sector job risks. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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You have a strong savings habit (60% of income) and a well-diversified portfolio across EPF/VPF, PPF, NPS, equities, MFs, ETFs, gold, annuity, and bonds, plus low living costs (?14k rent). Your emergency and retirement foundation is strong. Buying a house now in Chennai would reduce liquidity and potentially disrupt your compounding, especially since real estate returns in metro flats often lag equities over the long term. Unless you foresee rent rising sharply or plan to settle permanently, continuing to rent while investing can grow wealth faster. For asset allocation: keep ~50–55% in equity (MF + shares + ETFs), 25–30% in fixed income (EPF, PPF, bonds), 10% in gold/SGB, and the rest in NPS. For your child’s future, start a dedicated equity index fund SIP; for retirement, maintain high equity allocation until 50, then gradually shift to debt. Continue reviewing allocation yearly and diversify against IT sector job risks. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Answered on Aug 10, 2025
Asked by Anonymous - Aug 10, 2025Hindi
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Hello, I am 37 , drawing a yearly package of 18L, no loans against anything.
Live in my own house.
Savings mostly in RD &FD.
Please advice on whether gold or SIP or land which would be a better idea to save Thank you
Ans: Dear Friend,
you’re in a strong position to focus on long-term wealth creation. Since your savings are mostly in RD and FD (low-return, inflation-lagging instruments), you should shift towards higher-growth assets. Equity mutual fund SIPs should be your primary investment vehicle, offering 10–12% average annual returns over 15–20 years. Diversify across large-cap index funds and flexi-cap funds for stability and growth. Keep gold to 5–10% of your portfolio, preferably through Sovereign Gold Bonds, which provide extra interest and tax benefits. Consider land or real estate only in locations with strong appreciation potential and if you can hold for 10+ years, as it’s less liquid. A balanced allocation could be 70% equity MFs, 20% land, and 10% gold. This mix balances growth, stability, and diversification, helping you beat inflation and secure your financial future while maintaining flexibility for opportunities. make a ?50k/month investment plan tailored for you through a Financial Advisor Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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you’re in a strong position to focus on long-term wealth creation. Since your savings are mostly in RD and FD (low-return, inflation-lagging instruments), you should shift towards higher-growth assets. Equity mutual fund SIPs should be your primary investment vehicle, offering 10–12% average annual returns over 15–20 years. Diversify across large-cap index funds and flexi-cap funds for stability and growth. Keep gold to 5–10% of your portfolio, preferably through Sovereign Gold Bonds, which provide extra interest and tax benefits. Consider land or real estate only in locations with strong appreciation potential and if you can hold for 10+ years, as it’s less liquid. A balanced allocation could be 70% equity MFs, 20% land, and 10% gold. This mix balances growth, stability, and diversification, helping you beat inflation and secure your financial future while maintaining flexibility for opportunities. make a ?50k/month investment plan tailored for you through a Financial Advisor Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Answered on Jul 13, 2025
I m 45 yrs old retired Army person getting pension 33k per month and doing my new job in state government getting salary 87k my retirement is on 2041 wants pension 1.5L per month after retirement
Investment details are 30L FD, 29L IN EQUITY, 20L in NPS.Doing SIP 24500 PM, 12k RD per month in post office, 5K permonth in ssy for girl child, 2k per month in PPF, 3K per month in gold etf and 2k pm in silver etf. Please clarify my investment is sufficient to get 1.5L pm pension after 15 yrs.
Ans: Dear Shivendra,
Considering your above information, aiming for ?1.5L monthly post-retirement income from 2041, you'll require a corpus of ?3.5–4 crore. With continued contributions and expected returns, your current plan aligns with this goal. Consider shifting some FD funds to higher-yield options gradually and increasing equity investments as income grows. Monitor and rebalance yearly. You're well-placed to achieve financial independence with sustained effort.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Considering your above information, aiming for ?1.5L monthly post-retirement income from 2041, you'll require a corpus of ?3.5–4 crore. With continued contributions and expected returns, your current plan aligns with this goal. Consider shifting some FD funds to higher-yield options gradually and increasing equity investments as income grows. Monitor and rebalance yearly. You're well-placed to achieve financial independence with sustained effort.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Answered on Jul 13, 2025
Asked by Anonymous - Jul 13, 2025Hindi
I'm 51 yrs old, would like to attain FIRE by 56 yrs. I've personal loan EMI of 55k per month for next 4 yrs. My savings are as follows - LIC - 50L, PPF- 14L, Pf - 20L, MF - 7.5L, ongoing MF - 25k per month. I own a house, Medical health insurance coverage of 50L.
I'm looking at building a corpus of 3Cr with monthly income of 1.5L per month. My monthly take home salary is 2.2 L.
Your review on my current financials and suggestions on investments will help.
Ans: Dear Friend,
At 51, you plan to achieve financial freedom by 56 with a goal of ?3 crore corpus and ?1.5 lakh monthly income. Your current assets include LIC ?50L, PPF ?14L, PF ?20L, and mutual funds ?7.5L with ?25K monthly SIPs. You own a home, have ?50L health insurance, and pay ?55K in EMIs for four more years. With a monthly salary of ?2.2L, focus on increasing investments post-EMI completion. Rebalance your portfolio toward equity and debt for better growth and stability. Review LIC for returns, build an emergency fund, and consider options like NPS to strengthen retirement readiness.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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At 51, you plan to achieve financial freedom by 56 with a goal of ?3 crore corpus and ?1.5 lakh monthly income. Your current assets include LIC ?50L, PPF ?14L, PF ?20L, and mutual funds ?7.5L with ?25K monthly SIPs. You own a home, have ?50L health insurance, and pay ?55K in EMIs for four more years. With a monthly salary of ?2.2L, focus on increasing investments post-EMI completion. Rebalance your portfolio toward equity and debt for better growth and stability. Review LIC for returns, build an emergency fund, and consider options like NPS to strengthen retirement readiness.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Answered on Jul 13, 2025
Asked by Anonymous - Jul 13, 2025Hindi
I am a retired Govt employee getting pension of Rs 70k per month with time to time increase due to DA and pay commissions reviews I am 62 years old. I have FD of 25 lakhs,Post office MIS of 9 lakhs, Govt bond of 15 lakhs, Insurance pension scheme of 20 lakhs My only son is also employed and I have no other liabilities. I am expecting 15 lakhs from a Insurance maturity next month. Please advice how to invest wisely for a safe return
Ans: Dear Friend,
Given your low-risk profile and goal of safe returns, allocate the ?15 lakhs as follows: ?7.5 lakhs in the Senior Citizen Savings Scheme (SCSS) for secure 8.2% returns, ?5 lakhs in RBI Floating Rate Bonds for inflation-linked interest, and ?2.5 lakhs in liquid or arbitrage mutual funds for tax-efficient liquidity. Maintain an emergency corpus of 6–12 months' expenses in savings or sweep-in FDs. Ensure your health insurance is comprehensive beyond your government coverage. Consider writing a Will and updating nominations. This mix ensures safety, liquidity, and steady income in your retirement years.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Given your low-risk profile and goal of safe returns, allocate the ?15 lakhs as follows: ?7.5 lakhs in the Senior Citizen Savings Scheme (SCSS) for secure 8.2% returns, ?5 lakhs in RBI Floating Rate Bonds for inflation-linked interest, and ?2.5 lakhs in liquid or arbitrage mutual funds for tax-efficient liquidity. Maintain an emergency corpus of 6–12 months' expenses in savings or sweep-in FDs. Ensure your health insurance is comprehensive beyond your government coverage. Consider writing a Will and updating nominations. This mix ensures safety, liquidity, and steady income in your retirement years.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Answered on Jul 13, 2025
Asked by Anonymous - Jul 13, 2025Hindi
I am 50 years old and i have 3.5 cr. In equity mutual fund and 50 lac in debt fund and 50 lac in savings account for ipo ,my monthly expenses 50K. I have 2 children.
I want to retire in 1 year
What should I do..?!?
What
Ans: Dear Friend,
At age 50, with ?3.5 crore in equity mutual funds, ?50 lakh in debt funds, and ?50 lakh in savings (total ?4.5 crore), and monthly expenses of ?50,000, you are well-positioned to retire in a year. Your retirement plan should aim to protect capital while ensuring growth and stable income. Start by allocating your corpus into 60% equity (?2.5–2.7 crore) for long-term growth and 40% debt/liquid (?1.8–2 crore) for short- to medium-term income stability. Park two years’ expenses (\~?12 lakh) in liquid/ultra-short-term funds. Initiate a Systematic Withdrawal Plan (SWP) from debt funds to draw ?60,000 monthly. Keep ?50–75 lakh in safer options like FDs or short-duration debt funds for children’s education. Ensure comprehensive health insurance for both spouses. Review and rebalance asset allocation every 3–5 years. Prepare a will and maintain a 6-month emergency fund. This approach will provide a sustainable, inflation-adjusted income and peace of mind throughout retirement.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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At age 50, with ?3.5 crore in equity mutual funds, ?50 lakh in debt funds, and ?50 lakh in savings (total ?4.5 crore), and monthly expenses of ?50,000, you are well-positioned to retire in a year. Your retirement plan should aim to protect capital while ensuring growth and stable income. Start by allocating your corpus into 60% equity (?2.5–2.7 crore) for long-term growth and 40% debt/liquid (?1.8–2 crore) for short- to medium-term income stability. Park two years’ expenses (\~?12 lakh) in liquid/ultra-short-term funds. Initiate a Systematic Withdrawal Plan (SWP) from debt funds to draw ?60,000 monthly. Keep ?50–75 lakh in safer options like FDs or short-duration debt funds for children’s education. Ensure comprehensive health insurance for both spouses. Review and rebalance asset allocation every 3–5 years. Prepare a will and maintain a 6-month emergency fund. This approach will provide a sustainable, inflation-adjusted income and peace of mind throughout retirement.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Answered on Jul 13, 2025
Equity mf or nps tier 2 equity. Which one will get better returns.
Ans: Dear Karnati,
For higher returns and flexibility, Equity Mutual Funds are better.
For low-cost passive investing with some discipline, NPS Tier 2 is okay.
If your goal is wealth creation with flexibility, go with Equity MFs. If you are looking for long-term and Higher net worth investment products managed by the professional fund managers.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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For higher returns and flexibility, Equity Mutual Funds are better.
For low-cost passive investing with some discipline, NPS Tier 2 is okay.
If your goal is wealth creation with flexibility, go with Equity MFs. If you are looking for long-term and Higher net worth investment products managed by the professional fund managers.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on Jul 13, 2025
need personal loan, which bank gives minimum interest loan
Ans: Dear Naveen,
Although your question is not detailed, could you please specify the amount of loan you are looking for and your profession? Here is a generic answer for you
To get a personal loan at the lowest interest rate, maintain a credit score above 750 and apply with banks where you hold a salary account. Top banks offering competitive rates include SBI (11.15–13.45%), HDFC Bank (10.5–14.5%), ICICI Bank (10.5–15.75%), and Axis Bank (10.75–21%). Government banks like Bank of Baroda (10.5–15.6%) also offer good options for salaried individuals. Private lenders provide quick disbursals but at slightly higher rates. Compare offers on platforms and check for pre-approved offers to save on interest and processing time.
My recommendation is to create your own MF portfolio, especially to use money required in need, there are Loans available on the MF which can be between 9.5 to 10.5% that too without any processing charges and also will help you use only for the no of days you want to use, this is not case for personal Loans.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Although your question is not detailed, could you please specify the amount of loan you are looking for and your profession? Here is a generic answer for you
To get a personal loan at the lowest interest rate, maintain a credit score above 750 and apply with banks where you hold a salary account. Top banks offering competitive rates include SBI (11.15–13.45%), HDFC Bank (10.5–14.5%), ICICI Bank (10.5–15.75%), and Axis Bank (10.75–21%). Government banks like Bank of Baroda (10.5–15.6%) also offer good options for salaried individuals. Private lenders provide quick disbursals but at slightly higher rates. Compare offers on platforms and check for pre-approved offers to save on interest and processing time.
My recommendation is to create your own MF portfolio, especially to use money required in need, there are Loans available on the MF which can be between 9.5 to 10.5% that too without any processing charges and also will help you use only for the no of days you want to use, this is not case for personal Loans.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on Jul 02, 2025
Hi
I am 44 years old now and working in a software company and I am getting take home salary around 2 lacpa. I am maintaining 2 ppfs account in which one is with my name and other one is with my wife name. After 2 to 3 years those will be going to comple and the total amount I will get is around 50 lac. I have one personal loan of 10 lac in that current outstanding amount is 9 lac and also I have 2 topup home loans which around 42 lac and also I am investing 9100 monthly to my nps account right the outstanding balace in that nps is 9.5 lac. I have 2 sons, in that one is studying inter first year other one is studying 9th class. Could you please suggest me on how can I plan my retirement efffecient
Ans: Laxman, at 44, you're at a pivotal point in your financial journey. With a take-home salary of ?2 lakhs, you're doing well, but streamlining your finances now will ensure a peaceful retirement. First, use a portion of your upcoming ?50 lakh PPF maturity to clear the ?9 lakh personal loan—freeing you from high-interest debt. Then, prioritize building a retirement corpus of ?2.5–3 crore by age 60. Continue and, if possible, increase your NPS contributions and start SIPs in balanced and flexi-cap mutual funds. For your sons’ education, allocate ?15–20 lakh into conservative funds and start a ?10–15K monthly SIP. Also, plan to prepay the ?42 lakh home loans over the next 7–8 years using any surpluses. Keep ?5–7 lakh liquid for emergencies, and ensure adequate life and health insurance. With discipline and consistent investing, you can achieve both your family and retirement goals smoothly. Stay focused—you’re on the right track.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on Jul 02, 2025
Hello sir, i am 41 years old. Currently drawing inhamd salary of 1.8 lacs per month. Currently i am possessing two properties with EMI of 80000 per month. Currently i am having monthly sip of 6000/- per month in MF . Also i having 28 lacs corpos in EPF and 23 lacs in NPS. I have 7 lacs in liquid cash and around 7 lacs in shares and MF. I have two sons (8 and 13 yrs) Kindly provide me financial plan for futire education of kids and loan repayment at the earliest
Ans: Hi Pankaj, you're on a solid financial foundation with ?1.8L monthly income, ?28L in EPF, ?23L in NPS, and some investments in mutual funds and stocks. However, with ?80K EMI and limited SIPs, it's time to refocus. First, allocate ?4L from your ?7L cash as an emergency fund and use ?3L toward home loan prepayment if no penalties apply. Start goal-based SIPs of ?15K/month for your sons' education (ages 13 and 8) in diversified equity funds like PPFAS Flexicap or HDFC Hybrid Equity. Gradually increase SIPs each year. Review and optimise your NPS allocation towards equity to benefit from long-term growth. Ensure that you and your family are adequately insured beyond your employer's health plans. Avoid pausing investments to repay loans unless necessary. With consistent investing and smart cash flow management, you can achieve debt freedom and fund your children’s education without financial stress. You’re in control—now just stay disciplined.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on Jul 02, 2025
I am 41 year old, 14 year working exp in store manager and purchase department industry in hospital construction and automobile, from 2022 started own interior exterior houses work and ready to move house service ,but unfortunately git loss and closed all from last 3 month , no income source companies not considering fir jobs , what to do ,kindly guide ,loan emi is huge and income source zero, what to do, kindly guide confidence also lower
Ans: Dear Abhishek, you’ve had 14 years of solid experience in store management and purchasing across industries like hospital construction and automobiles—that’s a strong foundation. Starting your own interior and housing business in 2022 was a bold move, and although it didn’t go as planned, it shows your entrepreneurial spirit. Currently, with no income and mounting loan EMIs, I know things can feel overwhelming. First, approach your bank to restructure or defer EMIs—many offer relief in tough times. Next, cut non-essential expenses and focus on finding immediate income. With your background, you can explore short-term contract roles or freelance work on platforms like UrbanClap, Apna, or even reach out to contacts from your old network.
Update your resume to highlight your strengths—vendor management, cost control, and procurement. Don’t hesitate to take a step back to re-enter the job market; stability now is more important than pride. Also, don’t let this period affect your self-worth. Set small, achievable goals each day, lean on family and friends for emotional support, and remember: this is a temporary phase. You’ve bounced back before, and with determination, you will again. Your experience is valuable—channel it wisely, and keep moving forward.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
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Update your resume to highlight your strengths—vendor management, cost control, and procurement. Don’t hesitate to take a step back to re-enter the job market; stability now is more important than pride. Also, don’t let this period affect your self-worth. Set small, achievable goals each day, lean on family and friends for emotional support, and remember: this is a temporary phase. You’ve bounced back before, and with determination, you will again. Your experience is valuable—channel it wisely, and keep moving forward.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on Jul 02, 2025
I am 46 year old with monthly joint salary (incl. Wife) of 3.03L per month take home with 10% annual increment.
I have investments in MF 33.76L (LC 15.56 + MC 8.9L + SC 2.9L + Silver +& Gold 2.19L + Debt 1.7L + orhers 2.46).
I have invested in ETF 2.13L (LC 58K + MC 27K + SC 27K + Debt 21K + Gold 80K).
Further Invested directly in Stocks through Demats 15.69L (LC 6L + MC 4.64L + SC 4.63L).
I have FDs 18.44L & Kalyan fold scheme 1.8L maturing in 2025 end, 2026, 2027.
I have ICICI PMS ( LC 26.18L + Contra 25.91 L) since 12 June 2024.
I make monthly SIPs of 248200 (MF 98K + ETF 30K + Kalyan Gold deposit scheme of 20K + Stocks 50K + FD 50K).
MY monthly EMIs are 51523 (Home Loan 21523 balance 33 EMI + 2 Car Loans 30000 Balance 35 EMI).
My son is in Class 10th seeking Architecture career till Masters i.e. further education of 9 years).
I have flat rented with monthly 14K rent from Indirapuram Ghaziabad 2BHK flat purchased in 2011 and 2.8K monthly Metlife payout balance for 15 years.
My wife runs Eurokids Preschool Franchise and takes care of home expenses with her business turnovwr presently about 20L per annum.
I want to take gap of 2 years for my sons +2 studies from Kota to prepare for Architectural exams (JEE paper 2, Advance, NATA and CAA), focus on my health (I am diabetic for last 15 years) and enhance my skills in BIM in civil engineering.
I have family health insurance of 15L annually and Life Insurance of 10L from Aviva & LIC maturing in 3 years with additional payout of 12.75L.
My monthly house Expenditure is only 20-30K incl. Payout to my mother, grocery and others as we have settled in Dhanbad with another 3BHK loan free house and preschool small business.
Shall I return back to salaried work after 2 years gap to increase my current investment corpus of 1.32 Cr targeted for 1.5Cr. By March 2026 as I have been wolkaholic for past 22 years career?.
Can plan my retirement with 1.5 cr corpus with SWP for living and carryover with Quantity & Contracts Consultant through work from home for pleasureas empty mind is devil'shome?
Your expert advice shall be highly advisable in my future decision making.
Ans: With minimal expenses, good insurance coverage, and disciplined investing, reaching a ?1.5 Cr corpus by March 2026 is achievable. Post-gap, part-time consulting is advised to maintain income and engagement. Retirement with a ?1.5 Cr corpus is feasible if supplemented with SWP, rental income, and occasional consulting. Regular review, strategic reallocation, and a separate education fund will ensure financial stability and peace of mind. The current strategy is sound and sustainable.
You’ve built a solid foundation — taking a 2-year purposeful pause is not only justified, it’s well-earned. With minimal liabilities, diversified income, and ongoing SIPs, your target corpus and long-term retirement needs are well within reach. Returning to work as a contract consultant after 2 years is a great way to ease into semi-retirement with dignity, fulfillment, and financial security.
You're on the right path, Amit — just continue to review and rebalance every 6 months.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
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You’ve built a solid foundation — taking a 2-year purposeful pause is not only justified, it’s well-earned. With minimal liabilities, diversified income, and ongoing SIPs, your target corpus and long-term retirement needs are well within reach. Returning to work as a contract consultant after 2 years is a great way to ease into semi-retirement with dignity, fulfillment, and financial security.
You're on the right path, Amit — just continue to review and rebalance every 6 months.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on Jul 02, 2025
Asked by Anonymous - Jun 30, 2025Hindi
Age 53
Bought a house at 1.7cr
Term plan 1cr
Health insurance for family of 3
Expected income in next 6 months sure
2cr after tax
Plan a retirement plan at 65
Swp lumsum
Market linked midcap
And large cap
Also some sip
Ans: Dear Friend,
At 53, you have a strong financial base with a ?1.7 crore house, ?1 crore term plan, family health insurance, and a confirmed ?2 crore post-tax income expected soon. To retire comfortably at 65, begin by setting aside ?10–15 lakhs as an emergency fund and maintain adequate health cover. Invest ?1.5–1.6 crore in a diversified mix: 30% in midcap funds, 30% in large-cap funds, 20% in flexi-cap or dynamic funds, and 20% in high-quality debt funds. Continue monthly SIPs of ?30,000–?50,000 to build long-term wealth. By retirement, aim for a corpus of ?4–5 crore. You can then initiate a Systematic Withdrawal Plan (SWP) of ?1–1.25 lakh per month to meet living expenses, while the remaining corpus continues to grow. Regularly review and rebalance your portfolio and increase SIPs over time. This disciplined approach can help ensure a stress-free and financially independent retirement.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
(more)
At 53, you have a strong financial base with a ?1.7 crore house, ?1 crore term plan, family health insurance, and a confirmed ?2 crore post-tax income expected soon. To retire comfortably at 65, begin by setting aside ?10–15 lakhs as an emergency fund and maintain adequate health cover. Invest ?1.5–1.6 crore in a diversified mix: 30% in midcap funds, 30% in large-cap funds, 20% in flexi-cap or dynamic funds, and 20% in high-quality debt funds. Continue monthly SIPs of ?30,000–?50,000 to build long-term wealth. By retirement, aim for a corpus of ?4–5 crore. You can then initiate a Systematic Withdrawal Plan (SWP) of ?1–1.25 lakh per month to meet living expenses, while the remaining corpus continues to grow. Regularly review and rebalance your portfolio and increase SIPs over time. This disciplined approach can help ensure a stress-free and financially independent retirement.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on Jul 02, 2025
Asked by Anonymous - Jun 29, 2025Hindi
Hello sir,
This is in connection to your previous insightful guidence.
1.I have stopped my investment in postal life insurance.
2. Started term insurance.
Thereafter, i need little more from u. Before that i would like to reframe my financials as under-
In hand salary - 48k
Home loan emi- 21k
Term insurance- 1.3k
Domestic expences- 15k (roughly)
Reserves monthly- 4/5k
Amt available for investment- 6k approx.
Kindly suggest over the info given with goal of 1.5cr. @ when i am 50.
At present my age is 33 yrs. Along with that i will be incresing investment 10% annually.
Ans: Dear Friend,
At 33, with a take-home salary of ?48,000 and a home loan EMI of ?21,000, you’ve made commendable financial choices—starting a term insurance plan and stopping postal life insurance. You have around ?6,000 monthly available for investment and aim to build a corpus of ?1.5 crore by age 50 (in 17 years). By starting a SIP of ?6,000/month and increasing it by 10% annually, while targeting an average return of 12% via diversified equity mutual funds (like Parag Parikh Flexi Cap, Mirae Asset Large Cap, or HDFC Nifty 50 Index Fund), you can realistically reach your target. Additionally, allocate ?4–5K/month to build a ?50,000 emergency fund to handle unexpected expenses. Continue your disciplined approach and review your investments yearly to adjust for inflation and income growth. This simple yet consistent strategy can help you achieve financial freedom by age 50. Stay invested and stay disciplined.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
(more)
At 33, with a take-home salary of ?48,000 and a home loan EMI of ?21,000, you’ve made commendable financial choices—starting a term insurance plan and stopping postal life insurance. You have around ?6,000 monthly available for investment and aim to build a corpus of ?1.5 crore by age 50 (in 17 years). By starting a SIP of ?6,000/month and increasing it by 10% annually, while targeting an average return of 12% via diversified equity mutual funds (like Parag Parikh Flexi Cap, Mirae Asset Large Cap, or HDFC Nifty 50 Index Fund), you can realistically reach your target. Additionally, allocate ?4–5K/month to build a ?50,000 emergency fund to handle unexpected expenses. Continue your disciplined approach and review your investments yearly to adjust for inflation and income growth. This simple yet consistent strategy can help you achieve financial freedom by age 50. Stay invested and stay disciplined.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on Jul 02, 2025
Hello sir,
Follow up to my previous question.. I have 2 plots in my town which may value nearly 20 lk each. Planning build rented 2 floor house (two 1bhk & one 2bhk) in another plot by selling one and using my current saving in different places like FD, chit funds and few small hand loans amount and in my town 2bhk rent is 10-11 thousand.. I'm not going for loan I can manage with my other savings and next year earnings.. currently 30k SIP is on going in mutual funds.. is this is a good idea to generate fixed/low risk rented income.. ? Or should I hold both plots without rented house.. please suggest..
Ans: Dear Pradeep, Building a rental house on one of your plots is a smart, low-risk way to generate passive income, especially if your town has steady rental demand. With potential monthly earnings of ?20–22k, it can provide financial stability without relying on loans. Ensure you keep part of your savings liquid for emergencies and future needs, and account for maintenance costs. If rental demand is uncertain, you may consider holding both plots for capital appreciation. Overall, your plan is sound—just maintain a balance between real estate and your ongoing SIP investments for long-term financial health and income diversification. If your town has good rental demand and you’re not relying on loans, go ahead with constructing one house — it’s a solid, low-risk plan for passive income. Just keep an emergency fund aside, continue your ?30k SIPs, and stay diversified, estimating construction vs rental ROI. For flats, it is different, and for commercial properties, it is different. if your property is on a main road, you can create some shops or godown that can generate more ROI compared to flats. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Answered on Jun 04, 2025
Asked by Anonymous - Jun 03, 2025Hindi
My 5-Fund SIP + Top-Up: Good for 3 More Years?
Ans: Dear Friend,
Yes, continue investing for the next 3 years, but rebalance slightly as above for diversification and efficiency. Ensure your portfolio suits your risk appetite and financial goals. Review annually. You’ve been investing ?20,000 monthly via SIP and adding ?2 lakhs yearly across five funds, mainly from ICICI, HDFC, and Aditya Birla. Your portfolio shows strong discipline and diversification, but it’s slightly tilted with overlapping focused funds and a high allocation to ICICI AMC. It's advisable to retain one focused fund (prefer the better performer), reduce allocation to the thematic fund unless you track it actively, and consider adding a Flexi-cap or Nifty 500 index fund for broader exposure. A mid-cap or hybrid fund can help balance risk. Continue your investments for the next three years if your goals are long-term, but review and rebalance your portfolio annually to align with your financial objectives and risk profile.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
(more)
Yes, continue investing for the next 3 years, but rebalance slightly as above for diversification and efficiency. Ensure your portfolio suits your risk appetite and financial goals. Review annually. You’ve been investing ?20,000 monthly via SIP and adding ?2 lakhs yearly across five funds, mainly from ICICI, HDFC, and Aditya Birla. Your portfolio shows strong discipline and diversification, but it’s slightly tilted with overlapping focused funds and a high allocation to ICICI AMC. It's advisable to retain one focused fund (prefer the better performer), reduce allocation to the thematic fund unless you track it actively, and consider adding a Flexi-cap or Nifty 500 index fund for broader exposure. A mid-cap or hybrid fund can help balance risk. Continue your investments for the next three years if your goals are long-term, but review and rebalance your portfolio annually to align with your financial objectives and risk profile.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on Jun 01, 2025
Asked by Anonymous - May 31, 2025
I want to retire at 55 my age is 45 life expectancy 80 current monthly expenses is 20000 how much need amount for retirement
Ans: Dear Friend, your question is incomplete; you need to share many points, like what your liabilities are, what earnings you are going to work for, and we can create a hypothesis depending on what you have shared. which can be partially correct. You need to accumulate around ?1 to 1.1 crore by age 55 to retire comfortably with ?20,000/month in today’s value for 25 years. Review annually and invest consistently in equity mutual funds, PPF, or NPS depending on your risk profile. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
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Answered on Jun 01, 2025
I am 38 years old divorced men and I loss 18 lakh in option trading now a days I have no capital and not any income source mentality fully harassed can any body help me ,7 loan EMI Defaulter and 2 credit card defaulter please help
Ans: At 38, after a divorce and losing ?18 lakhs in options trading, with no income and multiple loan and credit card defaults, it’s understandable to feel overwhelmed. But this isn’t the end. First, speak to a credit counselor or financial advisor—many offer free services. Consider a one-time loan settlement with banks or restructuring. Focus on finding any stable income—gig work, freelancing, or part-time jobs—to begin rebuilding. Mental health support is just as important; talk to someone. You’re not alone, and this phase, while hard, can be turned around one step at a time. Keep hope alive. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
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Answered on May 25, 2025
Asked by Anonymous - May 22, 2025
My age 34 i have no job since last 10 yrs and have health problems from childhood. My mother has invested whatever money i earned 5 lacs in post office. She has invested 21 lacs mutual fund hers and mine name,8 lacs in lic single plans 20 lacs lic regular policies and 8 lacs sriram and ban deposits.i am covered under her lic medical since she retired from lic.what other way can she invest for me
Ans: Dear Friend,
Given your health and unemployment, your mother’s diversified investments in mutual funds, LIC policies, post office schemes, and fixed deposits provide a good safety net. To further secure your future, focus on low-risk options like senior citizen savings schemes, government bonds, and fixed deposits for steady returns. Consider health or critical illness insurance to cover medical expenses. Systematic Withdrawal Plans (SWPs) from mutual funds can provide regular income. Gold ETFs can add inflation protection. Prioritize safety and liquidity to ensure financial stability. Consulting a financial advisor for a tailored plan will help manage your needs better.
(more)
Given your health and unemployment, your mother’s diversified investments in mutual funds, LIC policies, post office schemes, and fixed deposits provide a good safety net. To further secure your future, focus on low-risk options like senior citizen savings schemes, government bonds, and fixed deposits for steady returns. Consider health or critical illness insurance to cover medical expenses. Systematic Withdrawal Plans (SWPs) from mutual funds can provide regular income. Gold ETFs can add inflation protection. Prioritize safety and liquidity to ensure financial stability. Consulting a financial advisor for a tailored plan will help manage your needs better.
Answered on May 25, 2025
Asked by Anonymous - May 23, 2025
I am 42 years and My husband is 45, We both are running a Sofa manufacturing factory.We have 2 kids 1 is in grade 6 and another is 3.5 years old.
We don't have any EMI,I have saved money to both of my children 6 lakhs each in FD.
Myself and my husband have saved around 30 lakhs which we have kept in FD, we have health insurance and 5 lakhs I have invested in ICICI mutual funds.
We have our own house, car which are EMI free.
Since too much competition in Sofa industry gradually business has gone down .
If we decide to close our factory how much money should I have in my account to lead happy and tension free retirement life or what should we do know to have a good life.
Ans: Dear Friend,
You're in a strong financial position—no EMIs, own home, and decent savings. At 42 and 45, with two young children, you still have 10–15 years to earn and build wealth for a peaceful retirement actively.
You're financially stable with ?30L in FDs, ?12L saved for kids, and ?5L in mutual funds. But if you plan to close your factory, assess alternate income sources or part-time work. To retire comfortably, aim to build a corpus of ?3–4 crore over the next 15 years through a mix of equity mutual funds (SIP ?50–70k/month), PPF, and targeted investments for your kids' higher education. Keep 1–2 years of expenses in liquid funds. Since you’re debt-free, focus on maximising savings and generating passive income to ensure a tension-free retired life.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
(more)
You're in a strong financial position—no EMIs, own home, and decent savings. At 42 and 45, with two young children, you still have 10–15 years to earn and build wealth for a peaceful retirement actively.
You're financially stable with ?30L in FDs, ?12L saved for kids, and ?5L in mutual funds. But if you plan to close your factory, assess alternate income sources or part-time work. To retire comfortably, aim to build a corpus of ?3–4 crore over the next 15 years through a mix of equity mutual funds (SIP ?50–70k/month), PPF, and targeted investments for your kids' higher education. Keep 1–2 years of expenses in liquid funds. Since you’re debt-free, focus on maximising savings and generating passive income to ensure a tension-free retired life.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on May 25, 2025
Asked by Anonymous - May 23, 2025
Hi Financial Guru's
I am 32 and my wife 30 years old (no kids) earning 4L/mnth and also we have 1.3L/mnth of rental income , total 5.3L/mnth post taxation
We have a home loan of 2.2 cr currently for 29 years old at 7.5% intrest
Our goal is to close the home loan and create enough savings to retire at the age of 45 without worrying about the study of a kid.
We are expecting to spend 1L/mnth once we reach age of 45, Based on our current spends trend ( also adding the inflation and educational expenses of a kid)
Please Advise us the mode and the amount required to save to achieve this target of ours before we reach 45.
Currently we don't have any savings of our own in any form.
Ans: Dear Friend,
You have a strong foundation with a combined monthly income of ? 5.3 L and a clear goal to retire by 45. Prioritise building an emergency fund of ?10–15 L first. Then, the monthly surplus (after expenses and EMIs) will be split between aggressive investments (70% in equity mutual funds/SIPs) and moderate options like PPF or NPS (30%). Target building a retirement corpus of ?6–7 crore by 45, which can support ?1L/month inflation-adjusted expenses. Simultaneously, prepay your home loan aggressively—aim to close it in 10–12 years by channeling bonuses/rent. Use term/life insurance and plan for your child’s education via dedicated SIPs. Disciplined investing is key to achieving your goals. Advice is to meet a Financial Advisor and create your life and goal plan.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
(more)
You have a strong foundation with a combined monthly income of ? 5.3 L and a clear goal to retire by 45. Prioritise building an emergency fund of ?10–15 L first. Then, the monthly surplus (after expenses and EMIs) will be split between aggressive investments (70% in equity mutual funds/SIPs) and moderate options like PPF or NPS (30%). Target building a retirement corpus of ?6–7 crore by 45, which can support ?1L/month inflation-adjusted expenses. Simultaneously, prepay your home loan aggressively—aim to close it in 10–12 years by channeling bonuses/rent. Use term/life insurance and plan for your child’s education via dedicated SIPs. Disciplined investing is key to achieving your goals. Advice is to meet a Financial Advisor and create your life and goal plan.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on May 25, 2025
Asked by Anonymous - May 23, 2025
I recently got married.
I have a corpus of 25 lacs in MF, 2 lacs in equity, 1 lac in gold and 1.5 in fd.
Expenditure -
26k rent, 15k send to parents, 26k Emi for a 17.6 lacs loan,
Investment-
18k per month in MF
My take home is 1.65 lacs .
I want to a buy a flat and a want to take a car around 10 -13 lacs..
Please suggest me how to plan it.
Sson i want to plan baby as well
Ans: Dear Friend,
Congratulations on your recent marriage! You have a strong financial foundation and a healthy income.
You're financially stable with a solid income and existing investments. Before buying a flat and car, prioritize building a 3–6 month emergency fund. Limit total EMIs (existing + new) to under 45% of your take-home pay. Consider a flat within ?70L, using ?20L from your corpus and a ?50L loan. Buy the car only after finalizing your home purchase—opt for a 50% down payment and a short loan term. Start a small SIP for future baby-related expenses. You're on the right path—ensure you don't stretch your finances too thin by taking on too much debt at once.
A financial advisor is like a doctor of finance who suggests the required actions and helps you achieve your financial goals. So do not hesitate to consult a Financial Advisor.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
(more)
Congratulations on your recent marriage! You have a strong financial foundation and a healthy income.
You're financially stable with a solid income and existing investments. Before buying a flat and car, prioritize building a 3–6 month emergency fund. Limit total EMIs (existing + new) to under 45% of your take-home pay. Consider a flat within ?70L, using ?20L from your corpus and a ?50L loan. Buy the car only after finalizing your home purchase—opt for a 50% down payment and a short loan term. Start a small SIP for future baby-related expenses. You're on the right path—ensure you don't stretch your finances too thin by taking on too much debt at once.
A financial advisor is like a doctor of finance who suggests the required actions and helps you achieve your financial goals. So do not hesitate to consult a Financial Advisor.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on May 25, 2025
Asked by Anonymous - May 24, 2025
I m 37yrs old i have 67 thousand per month salary i want to build a house and want to take home loan of 40 lakh I m confused it is my bad decision or good after all i have to pay a huge amount for 20yrs long time ..plz help
Ans: Dear Friend,
Taking a ?40 lakh home loan at age 37 on a ?67,000 monthly salary is a major financial decision that requires careful planning. Ideally, your EMI should not exceed 40% of your monthly income—around ?27,000 in your case. A ?40 lakh loan for 20 years at 8.5% interest would mean an EMI of approx ?34,700, which is over 50% of your income—this can be risky, especially if you have other expenses or no emergency fund.
Suggestion:
Reduce loan amount by saving more or choosing a smaller house.
Try for a co-applicant (like a working spouse) to improve eligibility.
Ensure you have a 6-month emergency fund before taking a loan.
Reconsider the timing or loan size if it strains your finances.
It’s not a bad goal—but proceed only if it fits your budget safely.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
(more)
Taking a ?40 lakh home loan at age 37 on a ?67,000 monthly salary is a major financial decision that requires careful planning. Ideally, your EMI should not exceed 40% of your monthly income—around ?27,000 in your case. A ?40 lakh loan for 20 years at 8.5% interest would mean an EMI of approx ?34,700, which is over 50% of your income—this can be risky, especially if you have other expenses or no emergency fund.
Suggestion:
Reduce loan amount by saving more or choosing a smaller house.
Try for a co-applicant (like a working spouse) to improve eligibility.
Ensure you have a 6-month emergency fund before taking a loan.
Reconsider the timing or loan size if it strains your finances.
It’s not a bad goal—but proceed only if it fits your budget safely.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on May 25, 2025
Asked by Anonymous - May 24, 2025
Answered on May 25, 2025
Asked by Anonymous - May 24, 2025
I am a 24 year old medical intern receiving Rs 43,000 per month stipend for a 12 month period.What would be the best way to invest this money? My monthly expenses are around 18-19k.
Ans: Dear Friend,
I really want to congratulate you for thinking about your investments and financial planning, you are in elite 10% people in the world who at least think of working on your finances.
At 24, with a ?43,000 monthly stipend and ?18–19k expenses, you can begin solid financial planning. Start by building an emergency fund of ?50,000 in a high-interest savings account or liquid mutual fund. With the surplus, invest ?15–20k monthly through SIPs: split between an index fund (Nifty 50), a flexi-cap fund, and a mid-cap fund for long-term growth. Get a basic health insurance plan and avoid unnecessary debt. These habits will help you create wealth, build financial security, and stay prepared for future goals. Starting early gives you the power of compounding—stay consistent and review your plan yearly.
Financial advisor is like a doctor of finance who suggest the required and helps you achieve your financial goals. so do not hesitate to take the consultation of Financial Advisor.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
(more)
I really want to congratulate you for thinking about your investments and financial planning, you are in elite 10% people in the world who at least think of working on your finances.
At 24, with a ?43,000 monthly stipend and ?18–19k expenses, you can begin solid financial planning. Start by building an emergency fund of ?50,000 in a high-interest savings account or liquid mutual fund. With the surplus, invest ?15–20k monthly through SIPs: split between an index fund (Nifty 50), a flexi-cap fund, and a mid-cap fund for long-term growth. Get a basic health insurance plan and avoid unnecessary debt. These habits will help you create wealth, build financial security, and stay prepared for future goals. Starting early gives you the power of compounding—stay consistent and review your plan yearly.
Financial advisor is like a doctor of finance who suggest the required and helps you achieve your financial goals. so do not hesitate to take the consultation of Financial Advisor.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on May 25, 2025
Asked by Anonymous - May 24, 2025
Dear Sir, I am 37 years old with two kids aged 8 and 3. My income is 1.5 lakhs per month. I have 4.5 lakhs in NPS corporate with monthly contribution of 8.5K and paying 2K monthly in PPF for both my kids, which got accumulated to 2.5 Lakhs for elder one and 1.25 lakhs for younger one respectively. I have a house worth 60 lakh, recently completed the home loan. I have ancestral property worth 4 cr in metro. I want to start planning for my both child's higher education and for retirement life. Please provide an investment plan that would help me to
Ans: Dear Friend, At 37 with a stable income, debt-free home, and valuable ancestral property, you’re well-placed to plan for your children’s education and retirement. Start SIPs of ?10K and ?7K for your 8- and 3-year-old in diversified equity funds to build ?30–50L over 10–15 years. Continue PPF for safe growth. For retirement, increase NPS contribution and start ?15K SIP in equity mutual funds to build ?3–4 crore by age 60. Keep ?3–5L as emergency fund. Ensure adequate life and health insurance. Review investments yearly and scale contributions with income. You're on track—just streamline and stay consistent.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
(more)
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on May 25, 2025
Asked by Anonymous - May 25, 2025
Hello Sir,
I have 72 lakhs in cash and i am 33 years old. I just got married. I do not have any experience in mutual fund. However, i do invest in stocks. Kindly guide me or advise me how to
Ans: Dear Friend,
You need to elaborate on your Goals and responsibilities in life. Depending on the Responsibilities and Goals, and what you have done in these areas till now, it won't be easy to comment. However, you have two options: one is Do-it-Yourself by learning the Mutual Funds in detail, and the Second is to join a Financial Advisor who can help you plot your Life & investment plan. You are at the age of 33, and if you plan and implement effectively, you can plan your retirement at the age of 40, i.e. within the next 7 years, and enjoy the things you love most. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
(more)
You need to elaborate on your Goals and responsibilities in life. Depending on the Responsibilities and Goals, and what you have done in these areas till now, it won't be easy to comment. However, you have two options: one is Do-it-Yourself by learning the Mutual Funds in detail, and the Second is to join a Financial Advisor who can help you plot your Life & investment plan. You are at the age of 33, and if you plan and implement effectively, you can plan your retirement at the age of 40, i.e. within the next 7 years, and enjoy the things you love most. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on May 19, 2025
Asked by Anonymous - May 18, 2025
I am 34 years old, my in hand salary comes to be around 1.4lakhs. I invest 30k month in RD, 10k in another RD, 30k towards MF(Small cap, flexi and contra). Currently 8 lakhs in MF and 34 lakhs in RD, 3 lakhs in equity, one LIC policy Jeevan Anand ( 1 lakh annual premium). No liability. No loans. Office accommodation provided. I have a 2 year daughter and wife is a house wife. Office covers my health, wife and daughter covered by health insurance. I want to know do I need to change my financial planning. My goal is to leave my job around when I am 58 years old and stay peaceful.
Ans: You're off to a disciplined start with strong RD and MF contributions. However, a ?34 lakh RD-heavy portfolio may underperform in the long term. Consider gradually shifting a portion into diversified equity mutual funds for better growth, given your long horizon. Maintain an emergency fund (6–12 months' expenses) and review the LIC policy's returns versus term insurance + mutual fund combo. Ensure your wife and daughter's health insurance is adequate independently of your employer's. To retire peacefully at 58, aim for a retirement corpus of ?4–5 crore (inflation-adjusted), and continue SIPs with step-up options as income grows. Review goals annually.
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
(more)
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on May 19, 2025
Asked by Anonymous - May 18, 2025
I am 47 years old, have saved approx 2.3 crs through mutual funds, nps, epf, etc. I save around Rs1.25 lacs pm. I wish to work for 5-8 more years. My son is in 12th and wants to pursue engineering. I live in office provided lease accommodation and dont own any house. Is purchasing a house in my name necessary or can I just continue to save for retirement and stay on rent? Will the corpus be enough when i retire after 5-8 years?
Ans: At 47, with a solid corpus of ?2.3 crore and monthly savings of ?1.25 lakh, you're on a strong financial path. If you continue saving for 5–8 years, assuming modest growth (10% annually), your corpus could grow to around ?4.5–5.5 crore—potentially sufficient for a comfortable retirement, especially if expenses are kept in check.
Buying a house isn’t strictly necessary unless emotional security or future housing stability is a priority. Renting can remain viable if you're disciplined with investments and ensure rising rents don’t strain your retirement income. You may also consider buying a smaller house closer to retirement, funded partially by your corpus, without compromising long-term returns.
Also factor in your son’s engineering expenses in the next few years, which could temporarily reduce your savings rate. Ensure you’re adequately insured (life and health) and have an emergency fund. A financial plan aligning your retirement income needs with inflation-adjusted expenses will help fine-tune your decisions.
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
(more)
Buying a house isn’t strictly necessary unless emotional security or future housing stability is a priority. Renting can remain viable if you're disciplined with investments and ensure rising rents don’t strain your retirement income. You may also consider buying a smaller house closer to retirement, funded partially by your corpus, without compromising long-term returns.
Also factor in your son’s engineering expenses in the next few years, which could temporarily reduce your savings rate. Ensure you’re adequately insured (life and health) and have an emergency fund. A financial plan aligning your retirement income needs with inflation-adjusted expenses will help fine-tune your decisions.
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on May 19, 2025
Asked by Anonymous - May 18, 2025
Hello Sir, Me and my wife are aged at 32 years. We both have an income of 2.76 lakhs. Also i am getting rent 24k per month. We are having a home loan of 67 lakhs with emi of 70k ( i am paying more as tenure is 30 years ). We both are investing 50k in sip per month. We have 1 lakh in account and no emergency fund and apart from sip only company pf is our investments. My question is should i sell my rental property and prepay the homeloan ? I am paying car loan worth 14lakhs from the rental income as of now as i dont want to pressurise my salary for car loan emi. Let me know if any other suggestions for our finances.
Note - we are planning for a baby too.
Ans: Dear Friend,
With a combined monthly income of ?2.76 lakh and ?24,000 rental income, you’re managing a ?70,000 home loan EMI and a ?14 lakh car loan. While investing ?50,000/month in SIPs is commendable, the lack of an emergency fund and only ?1 lakh in savings poses a risk—especially with a baby on the way. Prioritize creating a 6–9 month emergency corpus. Consider selling the rental property if its returns are modest, as it can ease loan pressure and improve liquidity. Also, reassess SIP amounts temporarily, ensure adequate life and health insurance, and avoid straining future cash flow with multiple EMIs.
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
(more)
With a combined monthly income of ?2.76 lakh and ?24,000 rental income, you’re managing a ?70,000 home loan EMI and a ?14 lakh car loan. While investing ?50,000/month in SIPs is commendable, the lack of an emergency fund and only ?1 lakh in savings poses a risk—especially with a baby on the way. Prioritize creating a 6–9 month emergency corpus. Consider selling the rental property if its returns are modest, as it can ease loan pressure and improve liquidity. Also, reassess SIP amounts temporarily, ensure adequate life and health insurance, and avoid straining future cash flow with multiple EMIs.
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on May 19, 2025
I am Dipesh phadatare. I am from Maharashtra. Belong to a farmer's family. I want to do b.tech in robotics and automation. I scored 82 in 12th boards. My financial condition is poor. So can I get some help.
Ans: Dipesh, your ambition to pursue B.Tech in Robotics and Automation is inspiring. With your 82% in 12th, you can apply for scholarships like the Central Sector Scholarship (CSSS), state government schemes in Maharashtra, and private scholarships like the Tata Trusts or Reliance Foundation. Also explore fee waivers and education loans with subsidized interest through government schemes. Apply for admission to government colleges or universities like COEP or MIT-WPU where fees are relatively lower. Stay focused and persistent—your background should not limit your dreams, and support is available if you reach out early and apply diligently.
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
(more)
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on May 19, 2025
Dear Sir, Me and my wife are 39 years old, our total in hand income from salary is 1.3 lakhs. I have a car loan EMI of 28100, 4 yrs left in tenure. We have personal loan EMI of total of 25k monthly and 4 yrs remaining. We have invested in 3k monthly in PPF and 6k monthly SIP in MF (both of us incuded). We pay rent of 26k per month. Our kid is 2.5 yrs old and we have put him in daycare as we have to go office. Daycare expenses are 9k per month, including his 3 times meal. Petrol expenses are 7k per month (have to take our own car as using public/shared/office transport takes additional 1 hr to an fro from office). Broadband and moble connection together costs us 2.2k per month and Electricity is 1.8k per month. Remaing amount is spent in Groceries+Misc. We dont have any gold/own house/land/parents house or any savings left nor do we have any cash left. We dnt have any insurance for neither of us. Our child is growing and we need money for his education and futue, we need to buy a home for ourself. How to plan for our child's education and future and our retirement and our income and our future.
Ans: Dear Deepankar,
At 39, with a child and heavy EMIs, focus first on stability. Get term insurance (?1 crore each) and family health insurance (?10–15 lakh). Build a 3-month emergency fund by cutting discretionary spends. Consider refinancing loans to reduce monthly EMIs. Pause SIPs temporarily; restart once debts ease. Shift to a more affordable rental if possible. Delay home buying until finances improve. Track every expense and optimize where possible. Later, restart SIPs for your child’s education and your retirement. Discipline and clear priorities now will secure your family's financial future. Consult a financial planner to structure goals and investment strategy effectively.
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
(more)
At 39, with a child and heavy EMIs, focus first on stability. Get term insurance (?1 crore each) and family health insurance (?10–15 lakh). Build a 3-month emergency fund by cutting discretionary spends. Consider refinancing loans to reduce monthly EMIs. Pause SIPs temporarily; restart once debts ease. Shift to a more affordable rental if possible. Delay home buying until finances improve. Track every expense and optimize where possible. Later, restart SIPs for your child’s education and your retirement. Discipline and clear priorities now will secure your family's financial future. Consult a financial planner to structure goals and investment strategy effectively.
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on Apr 02, 2025
Asked by Anonymous - Mar 30, 2025Hindi
Proprietor Buying a Car: Should it be in the Capital Account?
Ans: Can you elaborate your question more, by the above mentioned information Yes, as a proprietor, you can purchase a car in your personal name and bring it into your business books by crediting it to your capital account. Since the business and proprietor are not separate legal entities, this is allowed. following can be used to save your taxes 1. Record the Car as an Asset 2. Depreciation Claim 3. Fuel and Maintenance Expenses 4. GST Input Tax Credit (ITC)
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
(more)
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
Answered on Apr 02, 2025
26-Year-Old With 2 Crore Portfolio: Seeking Advice and Guidance
Ans: Dear Shubham, Your portfolio is heavily skewed towards IT and Tech (40%), making it highly vulnerable to sector-specific downturns. Reducing IT to 25-30% and reallocating to defensive sectors like FMCG, Pharma, or diversified financials can improve stability. Also, Infra (15%) and Metals (10%) are cyclical—consider trimming them slightly in favor of consumption-driven sectors. For deploying cash in a bull market, park it in liquid funds, arbitrage funds, or debt instruments while waiting for corrections. Alternatively, use a SIP approach in quality stocks or ETFs to avoid bad timing risks. Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar
(more)
Free webinar https://bit.ly/PLH-Webinar
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