I am 62 yrs old. Recently my tenure of working in District Consumer Commission has ended. I m MBA with 20 yrs experience of working in state PSUs and 10 yrs in District Consumer Disputes Rddressal Commission.Now I m looking for new job. Pl. guide me.

Ans: Hello;

What is the expected monthly income from the business?

Do you have any other sources of income?

What is the loan amount and EMI?

We request you to provide answers to these queries so as to respond to you suitably.

Best wishes;

Ans: Hello;

You may allocate your initial as well as top-up investments in the given funds with given allocation:

1. Flexicap type equity mutual fund: 20%
For eg PPFAS flexicap fund

2. Large and Midcap type equity mutual fund: 20%
For eg Kotak Emerging Opportunities Fund

3. Large Cap type equity mutual fund: 10%
For eg Canara Robeco Bluechip fund

4. Small Cap type equity mutual fund:10%
For eg. Nippon India Small cap fund

5. Multi Asset Allocation type hybrid mutual fund: 15%
ICICI Pru Multi asset allocation fund

6. Dynamic asset allocation type of hybrid mutual fund: 15%
For eg. HDFC balanced advantage fund

7. Nifty Next 50 based index fund:10%
UTI Nifty Next 50 Index Fund

Keep reviewing performance of the funds annually.

Debt is part of hybrid mutual funds recommended to you hence no separate allocation for debt funds is considered, however you may park your emergency funds in liquid type debt mutual funds (for eg ICICI liquid fund).

All funds recommended are with Growth option.

Happy Investing;

You may follow us on X at @mars_invest for updates.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

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Ans: Hello;

If we consider that PPF, SSY, SGB and other current investments are meant for other financial goals, then you should start a monthly sip of 1 L to reach a target of 10 Cr after the end of 20 years considering modest return of 12% from pure equity mutual funds.

If we consider the current investments also towards retirement such that each scheme gets reinvested in MFs after maturity then a monthly sip of 60 K would suffice to reach corpus of around 6 Cr after 20 years while balance sum of around 4 Cr is expected after current investments are reinvested in MFs for respective residual span.

Happy Investing;

You may follow us on X at @mars_invest for updates.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

Ans: I am not clear what is 132-112 mean. Are these systolic BP readings or one is systolic (upper one) and other diastolic (lower BP). If 112 is systolic BP, then it is okay.
If diastolic, then you need to consult physician to modify the medicines.
You seems to be doing okay. However, I can provide better advice if I have a detailed blood and vitals report.

Best
Dr Chandrakant Lahariya
Centre for Health: The Specialty Practice
Safdarjung Enclave, New Delhi

Ans: You have diabetes type 2 and need to be started on medication. Your weight is also high and need to reduce the weight urgently.
It is likely you may have deranged liver function tests and dyslipidemia.
Please adopt a healthy lifestyle. eat a lot of fruits and vegetables.
Get comprehensive blood tests done and then consult a physician, who would prescribe medications.

Dr Chandrakant Lahariya
Centre for Health: The Specialty Practice
Safdarjung Enclave, New Delhi

Ans: Please share your body weight and height and BMI.
Get comprehensive blood tests done specially thyroid and lipid profile.
Eat fruits and vegetables in diet. Maintain physically active lifestyle.

Best wishes,
Dr Chandrakant Lahariya

Ans: Hello;

You should have a minimum corpus of 5 Cr. in a moderate risk equity savings type mutual fund for eg Kotak equity savings fund.

Then you can begin SWP at the rate of 3% leading to monthly income of around 1.25 L(pre-tax).

Assuming 9% return from the scheme, despite the 3% SWP, the corpus will grow in line with inflation (6%) so as to protect against the same for a long tenure of 35 years. Of course the returns on an average are assumed to be 9% but in reality they could be 12% or even 5% some year.

Your kids will need funds for their higher education in 5 and 10 years timeframe from now which you need to account for, as well.

Get your parents enrolled for Aayushman Bharat scheme as it is now applicable to all senior citizens above 70.

Plus also ensure good term life cover for yourself and family health care policy for all family members including parents.

Ensure 6 months of expense coverage as emergency fund in liquid assets.

Happy Investing;

You may follow us on X at @mars_invest for updates.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.