Sir, between Mechanical Engineering in Shiv Nadar, Noida and CSE in Mahindra École Centrale, which should I opt for?

Ans: First off, I commend your diligent saving habits and foresight in planning for your future. Balancing household expenses, future goals, and your parents' health needs is no small feat. Your current savings and investment strategies show a proactive approach towards securing financial stability.

Given your age and responsibilities, it’s crucial to create a structured financial plan. You have specific goals: retirement at 58, funds for marriage in 2-3 years, and a safety net for parents' health. Let's delve into how you can allocate your resources effectively to achieve these goals.

Analyzing Current Savings and Investments
You have a solid foundation with savings across different instruments. Here’s a quick overview of your current assets:

EPF: Rs. 2.5 lakhs
PPF: Rs. 1.5 lakhs
Mutual Funds (ELSS): Rs. 3 lakhs
Fixed Deposit (FD): Rs. 4 lakhs
Health Insurance: Rs. 5 lakhs (self) and Rs. 6 lakhs (parents)
Your existing investments in PPF, mutual funds, and gold are thoughtful choices. Each serves a unique purpose and balances growth with security.

Monthly Income and Expense Analysis
With a monthly in-hand salary of Rs. 1 lakh and expenses of Rs. 50,000, you have a surplus of Rs. 50,000 to allocate towards savings and investments. This provides a good cushion for building your future financial goals.

Goal-Specific Investment Strategies
1. Marriage Fund (Rs. 10 lakhs in 2-3 years)

To accumulate Rs. 10 lakhs for your marriage in the next 2-3 years, focus on low-risk, short-term investment options. Here’s how you can allocate:

Fixed Deposits: Continue or increase your FD contributions as they provide guaranteed returns. Allocate a portion of your surplus to FDs. This ensures liquidity and safety.

Recurring Deposits: These are ideal for building funds over a short period. You could start a recurring deposit with monthly contributions from your surplus.

Debt Mutual Funds: These funds are relatively safer than equity funds and offer better returns than FDs. Investing in short-term debt funds can provide the growth needed for your marriage fund.

Since you already invest Rs. 30,000 yearly in gold, consider increasing this amount slightly if gold aligns with your wedding plans.

2. Retirement Planning (Retire at 58 years)

You have 24 years until retirement, giving you a significant time horizon for compounding. Here's how you can structure your retirement savings:

EPF and PPF: Continue your contributions to EPF and PPF. They offer tax benefits and guaranteed returns. Consider increasing your PPF contributions if possible, as it’s a long-term, secure investment.

Equity Mutual Funds: Given your long-term horizon, equity mutual funds are excellent for growth. Consider diversifying into large-cap and multi-cap funds. These funds balance risk and growth potential.

Systematic Investment Plan (SIP): Increase your monthly SIPs in equity mutual funds. SIPs average out market volatility and provide disciplined investing. Aim to allocate a portion of your surplus to SIPs for consistent growth.

Voluntary Provident Fund (VPF): If your employer offers VPF, it’s a great way to boost retirement savings with tax benefits and higher interest rates compared to FDs.

3. Parents’ Medical Fund

Healthcare costs can be unpredictable and high. Here's how you can ensure you have a robust medical fund:

Health Insurance: You already have a substantial health insurance cover for yourself and your parents. Consider reviewing the coverage annually to ensure it meets your needs as medical costs rise.

Medical Emergency Fund: Set aside a dedicated fund for any immediate medical expenses. Allocate a portion of your FD or savings to this fund. This ensures quick access to funds without disrupting your other savings.

Invest in Balanced Funds: Balanced or hybrid mutual funds offer a mix of equity and debt. They provide moderate growth with lower risk. This can be a good option for building a fund for unforeseen medical expenses.

Reviewing and Adjusting Current Investments
Public Provident Fund (PPF)

Your annual investment of Rs. 50,000 in PPF is beneficial for long-term growth and tax savings. Given its 15-year lock-in period, it aligns well with your retirement planning. However, if possible, consider increasing your contributions up to the maximum limit of Rs. 1.5 lakhs for better compounding and tax efficiency.

Mutual Funds (ELSS)

Equity Linked Savings Schemes (ELSS) are great for tax savings and long-term growth. Your Rs. 50,000 annual contribution is a solid step. You might want to explore other equity funds beyond ELSS for more diversification and potentially higher returns.

Gold Investments

Investing in gold for future use, such as your marriage, is wise. It acts as a hedge against inflation. However, gold should not form a large part of your portfolio. Maintain your current allocation but avoid over-investing in it due to its lower growth potential compared to equities.

Fixed Deposits (FD)

Your Rs. 4 lakh in FDs provide stability and liquidity. Consider diversifying into other short-term instruments that might offer higher returns, such as debt funds or recurring deposits.

Structuring Your Monthly Savings and Investments
With a Rs. 50,000 monthly surplus, here’s a suggested allocation:

Marriage Fund: Allocate Rs. 15,000 towards FDs, recurring deposits, or short-term debt funds. This helps build your marriage fund efficiently.

Retirement Savings: Increase your SIPs to Rs. 20,000 monthly in a mix of equity mutual funds. This ensures your retirement fund grows steadily over the years.

Parents’ Medical Fund: Allocate Rs. 10,000 monthly towards a dedicated medical emergency fund or balanced funds. This creates a safety net for any unforeseen medical expenses.

PPF Contribution: If possible, increase your PPF contributions to Rs. 12,500 monthly (Rs. 1.5 lakhs annually). This maximizes your long-term, tax-efficient savings.

Importance of Regular Monitoring and Review
Financial planning is not a one-time task but a continuous process. Regularly review and adjust your investments to stay aligned with your goals.

Annual Review: Assess your portfolio at least once a year. Check if your investments are performing as expected and adjust based on changes in your life or goals.

Adjust for Inflation: Factor in inflation for long-term goals like retirement. Ensure your investment returns are outpacing inflation to maintain your purchasing power.

Rebalance Portfolio: Rebalancing ensures your asset allocation stays aligned with your risk tolerance and goals. Shift funds from over-performing to under-performing assets as needed.

Role of a Certified Financial Planner (CFP)
A CFP can provide tailored advice based on your unique situation. They can help in:

Goal-Based Planning: Creating a detailed plan for each financial goal, considering your risk appetite and time horizon.

Tax Efficiency: Maximizing tax benefits and minimizing tax liabilities through smart investment choices.

Risk Management: Ensuring adequate insurance coverage and building emergency funds to mitigate financial risks.

Investment Selection: Choosing the right mix of investments that align with your goals and financial situation.

Final Insights
Your disciplined saving and investment approach is commendable. Balancing immediate needs with long-term goals requires careful planning and consistent effort. Here’s a summary of the steps you can take:

Continue and Enhance Current Investments: Maintain and increase contributions to EPF, PPF, and SIPs in equity mutual funds. These form the backbone of your long-term savings.

Focus on Short-Term Goals: Allocate funds towards low-risk, short-term investments for your marriage fund. Use FDs, recurring deposits, and debt mutual funds to ensure safety and liquidity.

Build a Medical Fund: Establish a dedicated fund for parents' medical expenses. Use balanced funds and FDs to ensure availability when needed.

Monitor and Review: Regularly assess your portfolio and adjust based on performance and changing goals. Rebalance to maintain optimal asset allocation.

Seek Professional Guidance: Consult a CFP for personalized advice. They can provide insights and strategies tailored to your financial landscape and goals.

With these strategies, you can confidently navigate towards a secure financial future, balancing both your immediate and long-term objectives.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: First off, let’s appreciate the thought and effort you’ve put into planning your financial journey. It’s impressive how you've maintained investments and managed your finances despite a challenging period. Your proactive approach towards learning about the stock market and finance, along with your sustained investment in mutual funds, is commendable. Now, let’s break down your situation and explore the best path forward for achieving your career and financial goals.

Financial Analysis and Investments
You've been diligent in your savings and investments. Your current investment strategy, focusing on small-cap and flexi mutual funds, is a good start. Small-cap funds have the potential for high growth, though they come with higher risk. Flexi funds offer the flexibility to shift between different market capitalizations based on market conditions, which balances risk and reward. With Rs. 5 lakhs in mutual funds and a systematic investment plan (SIP) of Rs. 17.25k monthly, you're building a solid financial base.

Keeping Rs. 4 lakhs in liquid cash for trading and emergencies is a smart move. It ensures you have liquidity for unforeseen expenses and trading opportunities. Your yearly contributions to LIC and health insurance reflect a prudent approach to risk management.

However, while your LIC policy provides a safety net, it's worth reviewing if the returns align with your financial goals. Traditional LIC policies often have lower returns compared to mutual funds. You might consider redirecting these funds into high-performing mutual funds for better growth. Consulting with a Certified Financial Planner (CFP) could help assess the benefits of retaining or surrendering the LIC policy.

Career and Education Choices
Your interest in fintech and entrepreneurship is exciting and promising. The fintech sector is booming, with ample opportunities for innovation and growth. Whether you choose to start a business or pursue an MBA, aligning your career path with your passion for fintech could lead to fulfilling and financially rewarding opportunities.

Pursuing an MBA in India:

An MBA can provide valuable skills and networks, particularly if you aim to climb the corporate ladder or start a business. MBA programs offer insights into management, finance, and strategy, which are crucial for any entrepreneurial venture. Additionally, Indian B-schools are becoming increasingly recognized globally, providing a solid foundation for leadership roles.

Your father’s suggestion to pursue an MBA in India is worth considering. It can open doors to various career paths and provide a safety net if entrepreneurship doesn't pan out immediately. An MBA could also enhance your credibility in the fintech space, making it easier to attract investors and partners for your venture.

Focusing on Fintech and Entrepreneurship:

On the other hand, directly diving into fintech or starting your own business can be exhilarating. Given your background in electronics and communication engineering (ECE), you already have a technical edge. Combining this with your self-taught knowledge in finance, you could position yourself uniquely in the fintech domain.

Starting a venture now allows you to leverage your current knowledge and passion. It's not too late to start a business; many successful entrepreneurs begin their journeys later in life. The key is to research thoroughly, understand the market, and build a robust business plan. If you’re inclined towards this path, seeking mentorship from experienced fintech entrepreneurs and networking in the industry can provide invaluable insights.

Balancing Personal and Financial Goals
Your aim to get married by 32 and retire by 45 are significant life goals that need careful financial planning. Balancing these with your career aspirations requires a strategic approach.

Marriage by 32:

Marriage involves both emotional and financial readiness. Setting aside savings for wedding expenses and future family needs is essential. Continue building your emergency fund and investments to ensure you have a cushion for any life events.

Retirement by 45:

Early retirement requires substantial financial resources. Given your goal to accumulate Rs. 25 crores by 45, you’ll need to focus on high-growth investment options. Your current SIPs in mutual funds are a good start, but diversifying into sectors with high growth potential is crucial. Consulting a CFP can help tailor an investment plan that aligns with your retirement goals.

To achieve these objectives, consider increasing your investment contributions as your income grows. Balancing aggressive investments in your early career with more conservative options as you near retirement can provide a steady growth trajectory.

Evaluating Your Path Forward
1. MBA Before Entrepreneurship:

An MBA could provide a strong foundation and networks essential for a successful startup. Many MBA programs offer entrepreneurship tracks and incubators that support budding entrepreneurs. This route offers the advantage of structured learning and a buffer period to refine your business idea.

2. Direct Entrepreneurship:

If you’re passionate and ready, starting your business now allows you to capitalize on your current momentum. The fintech industry thrives on innovation and agility, and entering the market early can position you ahead of competitors. However, this path requires thorough market research and risk management.

Crafting a Fintech Strategy
If you decide to dive into fintech, here’s a roadmap to guide your venture:

1. Market Research:

Understand the current trends and gaps in the fintech market. Look into areas like digital payments, blockchain, robo-advisory, and insurtech. Identifying a niche can provide a competitive edge.

2. Build a Network:

Connect with professionals and mentors in the fintech space. Joining industry groups and attending fintech events can provide valuable contacts and insights.

3. Develop a Business Plan:

Create a detailed business plan outlining your vision, target market, financial projections, and growth strategy. This plan will be crucial for attracting investors and guiding your business.

4. Secure Funding:

Explore various funding options, from bootstrapping and angel investors to venture capital. Understanding the pros and cons of each can help you choose the best fit for your startup.

5. Focus on Innovation:

In the rapidly evolving fintech landscape, staying ahead requires continuous innovation. Invest in technology and stay updated with industry advancements to keep your business competitive.

Financial Planning for Entrepreneurship
Starting a business requires careful financial planning. Here’s how you can prepare:

1. Emergency Fund:

Ensure you have a robust emergency fund to cover personal and business expenses for at least 6-12 months. This provides a safety net while your business stabilizes.

2. Diversify Investments:

While focusing on your venture, continue diversifying your personal investments. This provides financial security and mitigates risks associated with entrepreneurship.

3. Manage Debt:

Keep personal and business debts under control. High debt can strain your finances and hinder business growth. Prioritize paying off any high-interest loans before diving into your startup.

4. Consult a CFP:

A CFP can help create a financial plan that aligns with your entrepreneurial goals. They can provide insights into balancing personal and business finances effectively.

Final Insights
Your aspirations to venture into fintech and achieve significant financial goals by 45 are ambitious and achievable with the right approach. Balancing your career and personal goals requires strategic planning and flexibility. Whether you choose to pursue an MBA or dive directly into entrepreneurship, aligning your actions with your long-term objectives is crucial.

If you decide to pursue an MBA, select a program that offers robust support for entrepreneurship. If you lean towards starting a business now, ensure you have a solid plan and financial cushion. In either case, continuous learning and adapting to market changes will be key to your success.

Your journey is a marathon, not a sprint. Take one step at a time, and remember that persistence and resilience are as important as your strategic decisions.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: let's talk about investing for your daughters' future. Mutual funds can be a great way to grow your savings over time. Here's a detailed guide to help you understand and start investing in mutual funds.

Understanding Mutual Funds
What Are Mutual Funds?
Mutual funds pool money from many investors to invest in various securities like stocks, bonds, and other assets. Professional fund managers manage these funds, aiming to grow the investment while managing risk.

Types of Mutual Funds
There are different types of mutual funds:

Equity Funds: These invest in stocks and have the potential for high returns but come with higher risk.

Debt Funds: These invest in bonds and are generally safer with lower returns.

Hybrid Funds: These invest in both stocks and bonds, balancing risk and return.

Benefits of Mutual Funds
Professional Management
Investing through mutual funds means you get the benefit of professional fund managers making investment decisions on your behalf. This expertise can be especially valuable if you're not familiar with the stock market.

Diversification
Mutual funds invest in a variety of assets, which helps spread risk. If one asset underperforms, others might do well, balancing the overall performance.

Liquidity
Mutual funds are relatively liquid investments, meaning you can easily buy or sell your investments. This makes it easier to access your money when needed.

Starting Your Investment Journey
Setting Goals
Before investing, it's crucial to set clear financial goals. For instance, you want to save for your daughters' education and marriages. Estimate the amount you will need and the time frame.

Risk Assessment
Understand your risk tolerance. Since you're saving for long-term goals, you might be able to take on more risk for potentially higher returns. However, ensure you are comfortable with the level of risk.

Investment Amount
Decide how much you can invest regularly. Even small amounts can grow significantly over time due to the power of compounding.

Choosing the Right Funds
Equity Funds for Growth
Since you have long-term goals, consider investing in equity funds. They have the potential for higher returns, which can help you reach your financial goals faster.

Hybrid Funds for Balance
If you prefer a balance between risk and return, hybrid funds can be a good choice. They invest in both equities and debt instruments, offering a mix of growth and stability.

Debt Funds for Stability
If you have a low-risk tolerance, debt funds can provide stability. Though the returns are lower compared to equity funds, they are less volatile.

How to Invest
Systematic Investment Plan (SIP)
A SIP allows you to invest a fixed amount regularly, say monthly. This approach helps inculcate a disciplined saving habit and averages out the cost of investment over time.

Lump Sum Investment
If you have a significant amount to invest initially, you can consider a lump sum investment. This method might be suitable if you receive a windfall or bonus.

Regular Funds vs. Direct Funds
Investing through a Certified Financial Planner (CFP) using regular funds can provide you with professional guidance and support. Although direct funds have lower expense ratios, they require more knowledge and effort to manage.

Creating a Diversified Portfolio
Mix of Funds
A well-diversified portfolio should include a mix of equity, hybrid, and debt funds. This combination can help balance risk and return while working towards your financial goals.

Reviewing and Rebalancing
Regularly review your portfolio to ensure it aligns with your goals. Rebalancing helps maintain the desired asset allocation, adjusting for changes in market conditions.

Practical Steps to Start Investing
Selecting a Certified Financial Planner (CFP)
A CFP can provide personalized advice, helping you choose the right mutual funds based on your financial goals, risk tolerance, and investment horizon.

KYC Compliance
Complete the Know Your Customer (KYC) process, which is mandatory for investing in mutual funds. This involves submitting identity and address proofs.

Investing Through MFD
You can invest in mutual funds through a Mutual Fund Distributor (MFD). They can guide you through the process, provide valuable insights, and help you choose the best funds for your needs. This method is convenient and ensures you have professional support.

Monitoring Your Investments
Keep track of your investments regularly. Many platforms offer tools and reports to help you monitor the performance of your mutual funds.

Addressing Concerns
Market Volatility
It's natural to be concerned about market volatility. Remember, mutual funds are long-term investments. Short-term fluctuations are normal, and staying invested can help you ride out the volatility.

Understanding Fees
Mutual funds come with certain fees, such as expense ratios and exit loads. While these fees might seem small, they can impact your returns over time. Ensure you understand the fee structure before investing.

Avoiding Common Mistakes
Avoid trying to time the market or chasing past performance. Instead, focus on your financial goals and stick to your investment plan.

Educating Yourself
Continuous Learning
Investing in mutual funds requires some knowledge. Take time to educate yourself about different types of funds, market trends, and investment strategies.

Resources
Utilize resources like financial news, online courses, and advice from your CFP to stay informed and make educated decisions.

Final Insights
Investing in mutual funds can be a powerful tool to secure your daughters' future. By understanding your goals, assessing your risk tolerance, and choosing the right funds, you can create a solid investment plan.

Start with small, regular investments through a SIP, and gradually build your portfolio. Seek guidance from a Certified Financial Planner to ensure you're on the right track.

Remember, investing is a journey. Stay patient, stay informed, and keep your long-term goals in sight.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: First off, it's great that you're taking charge of your financial planning early on. At 26, you have a fantastic head start. Here's a detailed guide on how you can allocate your savings into mutual funds effectively for long-term growth, considering your current financial situation.

Understanding Your Financial Position
You’re earning Rs 1.2 lakhs per month, which is a strong starting point. With a term life insurance of Rs 1 crore, an NPS contribution of Rs 4,500 per month, a PPF of Rs 5,000 per month, and health insurance for yourself and your parents, you’ve laid a solid foundation. Let’s now focus on SIPs in mutual funds to further secure your future.

Determining Savings Allocation
Since you’re young and have time on your side, it’s wise to invest a higher percentage in equity funds, which have the potential for higher returns over the long term. Considering your age, a 70-30 split (70% in equity and 30% in debt) is recommended for your mutual fund investments.

Benefits of SIP in Mutual Funds
SIP (Systematic Investment Plan) allows you to invest a fixed amount regularly, irrespective of market conditions. This helps in averaging out the cost of purchase over time and benefits from the power of compounding.

Equity Mutual Funds
Equity funds invest in stocks and have the potential to offer high returns. Here’s why they should form the major part of your portfolio:

High Growth Potential: Over the long term, equity funds can significantly outperform other types of investments.

Diversification: These funds invest in a variety of companies across sectors, reducing risk.

Liquidity: They offer easy entry and exit, unlike some other investment options.

Given your age, allocate 70% of your mutual fund investment to equity funds.

Debt Mutual Funds
Debt funds invest in fixed-income securities like bonds and treasury bills. They are safer but provide lower returns compared to equity funds. Here’s why they’re important:

Stability: They provide a cushion against market volatility.

Regular Income: They offer regular returns, which can be useful for meeting short-term financial goals.

Liquidity: Debt funds are more liquid than fixed deposits and other traditional savings instruments.

Allocate the remaining 30% of your mutual fund investment to debt funds.

How Much to Invest?
To determine how much to invest, consider your disposable income. After accounting for all your essential expenses and existing investments (NPS, PPF), decide on an amount you can comfortably invest monthly.

Diversifying Within Equity Funds
Equity mutual funds can be further categorized into large-cap, mid-cap, and small-cap funds. Here's a suggested allocation:

Large-Cap Funds: These funds invest in well-established companies with a strong track record. They offer stable returns with lower risk. Allocate about 50% of your equity investment here.

Mid-Cap Funds: These funds invest in medium-sized companies with high growth potential. They carry moderate risk and can offer higher returns than large-cap funds. Allocate about 30% of your equity investment here.

Small-Cap Funds: These funds invest in smaller companies. They are high-risk but can offer very high returns. Allocate about 20% of your equity investment here.

Selecting Debt Funds
For debt funds, consider a mix of short-term and long-term debt funds:

Short-Term Debt Funds: These are suitable for meeting your short-term goals and provide liquidity. Allocate 60% of your debt investment here.

Long-Term Debt Funds: These are more stable and offer better returns over the long term. Allocate 40% of your debt investment here.

Monitoring Your Investments
Regularly monitor your investments to ensure they align with your financial goals. It's essential to review your portfolio at least once a year and make adjustments based on market conditions and changes in your financial situation.

Tax Implications
Keep in mind the tax implications of your investments. Long-term capital gains (LTCG) on equity funds are taxed at 10% for gains exceeding Rs 1 lakh. Short-term capital gains (STCG) are taxed at 15%. For Hybrid debt funds, LTCG is taxed at 20% with indexation benefits, and STCG is added to your income and taxed as per your tax slab.


You're already doing a fantastic job by starting your financial planning early. Your disciplined approach to saving and investing will pay off in the long run. Keep up the good work!


We understand that navigating investments can be overwhelming, but remember, every step you take towards securing your financial future is a step in the right direction. It's okay to seek help when needed, and we're here to support you.

Long-Term Planning
Consider your long-term financial goals, such as buying a home, traveling, or starting a family. Align your investments to these goals to ensure you have the funds when you need them.

Working with a Certified Financial Planner
A Certified Financial Planner can provide personalized advice tailored to your financial situation and goals. They can help you optimize your investment strategy and ensure you're on track to meet your objectives.

Final Insights
Investing in mutual funds through SIPs is a smart and disciplined approach to building wealth over time. By allocating 70% of your savings to equity funds and 30% to debt funds, you can strike a balance between growth and stability. Regularly monitor and adjust your investments to stay aligned with your financial goals. You're on the right path, and with continued diligence and planning, you'll achieve your financial dreams.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: Risk is perceived differently by everyone. For short term in equity market risk is the Volatility, but if you increase the duration of your investment ( ideally 7 years plus ), the risk can be downsized or even mitigated as per the historical data. What people don't see is the *Inflation Risk* where the investment made is yielding lesser than inflation rate which in turn depreciates the money. Also Inflation rate mention by government records is the basic Inflation , whereas a middle class person consumes much more goods not mentioned in the inflation basket which inflate at a higher rate that the government mentioned Inflation Rate
Hence your investment portfolio should have a mix of debt and equity
For a person your age, if your time horizon is 7 years plus , you can have a 50/50 split between debt and equity MF

Ans: Please go through the options online for tax saving deductions.
According to my opinion, if you don't have any Home Loan or Rent payable , then you should go for New Regime

Ans: You've shown great diligence in investing Rs 1 lakh annually in a Reliance Nippon Life Insurance Fund over the past seven years. However, it's understandable that you're now considering whether switching to mutual funds might provide better returns. This guide aims to help you make an informed decision by discussing the advantages and disadvantages of both investment types and providing a detailed, empathetic analysis of your financial situation.

Understanding Your Current Investment

You’ve been consistently investing Rs 1 lakh per year in a life insurance fund for the past seven years. While these investments offer the dual benefit of insurance coverage and investment growth, they may not always deliver the best returns. Let’s explore some of the key aspects of insurance-linked investments to understand their limitations.

Disadvantages of Insurance-Linked Investments
1. High Charges and Fees

Insurance funds often come with a variety of charges, including premium allocation charges, policy administration charges, mortality charges, and fund management charges. These costs can significantly reduce your overall returns, as a considerable portion of your premium goes towards covering these expenses rather than being invested.

2. Lower Returns

The investment component of insurance-linked funds typically generates lower returns compared to mutual funds. This is because a portion of your premium is allocated to provide insurance coverage, leaving a smaller amount for investment. Consequently, the returns from these investments might not be sufficient to meet your long-term financial goals.

3. Lack of Flexibility

Insurance-linked funds often have a lock-in period during which you cannot access your funds without incurring penalties. This lack of flexibility can be a drawback if you need to access your money for emergencies or wish to reallocate your investments to take advantage of better opportunities.

4. Complexity

Combining insurance with investment makes these products more complex and harder to understand. It can be challenging to track how your money is being allocated and how much is going towards charges versus actual investment. This complexity can make it difficult to assess the true performance of your investment.

Benefits of Mutual Funds
Switching to mutual funds could offer several advantages over insurance-linked investments. Let's explore these benefits in detail.

1. Higher Returns Potential

Mutual funds, especially actively managed ones, have the potential to deliver higher returns over the long term. Fund managers actively manage the portfolio, selecting stocks and bonds to maximize returns. This active management can result in better performance compared to the more conservative investment strategies typically employed by insurance-linked funds.

2. Transparency

Mutual funds provide a high level of transparency, with regular updates on fund performance, fees, and portfolio holdings. This transparency helps you make informed decisions and understand exactly where your money is being invested. You can track the performance of your mutual fund investments and make adjustments as needed to align with your financial goals.

3. Flexibility

Mutual funds offer significant flexibility. You can easily switch between different funds, redeem your investments partially or fully, and change your investment strategy based on market conditions or changes in your financial situation. This flexibility allows you to adapt your investment approach as needed to optimize returns and manage risk.

4. Cost-Effective

Compared to insurance-linked investments, mutual funds generally have lower expense ratios. This means that a greater portion of your money is actually being invested, leading to potentially higher returns. Additionally, mutual funds do not have the same high charges and fees associated with insurance-linked products, making them a more cost-effective investment option.

Evaluating Your Investment Goals
Before making any switch, it's crucial to evaluate your investment goals. Are you looking for higher returns, more flexibility, or lower costs? Understanding your goals will help you choose the right mutual fund options. Here are some key questions to consider:

What is your investment horizon? If you have a long-term investment horizon, you can consider equity mutual funds, which have the potential for higher returns but come with higher risk. For shorter-term goals, debt mutual funds might be more suitable.

What is your risk tolerance? Your risk tolerance will influence the type of mutual funds you should invest in. If you are comfortable with higher risk for the potential of higher returns, equity mutual funds are a good choice. If you prefer lower risk, debt mutual funds or balanced funds might be more appropriate.

What are your financial goals? Clearly define your financial goals, such as saving for retirement, funding your children's education, or buying a home. Your investment strategy should align with these goals to ensure you are on track to achieve them.

Types of Mutual Funds to Consider
Based on your investment goals and risk tolerance, you can choose from a variety of mutual fund options. Here are some types of mutual funds to consider:

1. Equity Mutual Funds

Equity mutual funds invest primarily in stocks and have the potential for high returns. These funds are suitable for long-term goals and investors with a higher risk tolerance. Equity funds can be further categorized into large-cap, mid-cap, and small-cap funds, depending on the size of the companies they invest in. Large-cap funds invest in established companies with a stable track record, while mid-cap and small-cap funds invest in smaller, potentially higher-growth companies.

2. Debt Mutual Funds

Debt mutual funds invest in bonds and other fixed-income securities. They offer lower returns compared to equity funds but come with lower risk, making them suitable for conservative investors. Debt funds can be categorized into various types based on the duration of the investments and the credit quality of the issuers, such as short-term, medium-term, and long-term debt funds, as well as corporate bond funds and government bond funds.

3. Hybrid Mutual Funds

Hybrid mutual funds invest in a mix of equity and debt, offering a balanced approach. They are ideal for investors looking for moderate risk and returns. Hybrid funds can be further categorized into balanced funds, which have a higher equity component, and conservative hybrid funds, which have a higher debt component. These funds provide diversification and reduce the overall risk of the portfolio.

Actively Managed Funds vs. Index Funds
When considering mutual funds, you might come across two main types: actively managed funds and index funds. It's important to understand the differences between these two types and their respective advantages and disadvantages.

Disadvantages of Index Funds

Index funds simply track a market index, such as the Nifty 50 or Sensex, and do not try to outperform it. While they offer low-cost exposure to a broad market, this passive investment strategy can limit their return potential. Index funds do not provide any defensive strategy during market downturns, which means you could experience significant losses during market declines.

Benefits of Actively Managed Funds

Actively managed funds aim to outperform the market through strategic stock selection and timing. Skilled fund managers analyze market trends, economic conditions, and company performance to make investment decisions that can potentially deliver higher returns. Actively managed funds can also provide a defensive strategy during market downturns, as fund managers can adjust the portfolio to mitigate losses. This active management can add significant value, especially in volatile or uncertain market conditions.

Regular Funds vs. Direct Funds
Another decision you'll need to make is whether to invest in regular funds or direct funds. Here’s a detailed look at both options:

Disadvantages of Direct Funds

Direct funds require you to manage your investments without any professional guidance. This can be challenging if you're not well-versed in market dynamics, as you might miss important opportunities or fail to manage risks effectively. Additionally, direct funds require you to handle all administrative tasks, such as tracking fund performance and making investment decisions, which can be time-consuming and complex.

Benefits of Regular Funds

Investing through a Certified Financial Planner (CFP) or a Mutual Fund Distributor (MFD) offers you professional advice, portfolio management, and regular updates. A CFP can help you choose the right funds based on your financial goals and risk tolerance, ensuring your investments are aligned with your long-term objectives. They can also provide valuable insights and strategies to optimize your returns and manage risks effectively. This professional guidance can make a significant difference in achieving your financial goals.

Steps to Switch from Insurance Fund to Mutual Fund
If you decide to switch from an insurance-linked investment to mutual funds, follow these steps to ensure a smooth transition:

1. Evaluate the Surrender Value

Check the surrender value of your insurance-linked investment. Understand any penalties or charges for early termination. The surrender value is the amount you will receive if you decide to exit the policy before the maturity date. Ensure that the benefits of switching to mutual funds outweigh any potential costs associated with surrendering your insurance fund.

2. Consult a Certified Financial Planner

Discuss your decision with a Certified Financial Planner to ensure it aligns with your long-term financial goals. A CFP can help you evaluate the potential benefits and drawbacks of switching to mutual funds and recommend the best course of action based on your individual circumstances.

3. Choose the Right Mutual Funds

Based on your risk tolerance, investment horizon, and financial goals, select mutual funds that suit your needs. Your CFP can help you identify suitable funds and create a diversified portfolio that balances risk and returns. Consider setting up systematic investment plans (SIPs) for disciplined investing and to take advantage of rupee cost averaging.

4. Reinvest the Surrendered Amount

Once you surrender your insurance fund, reinvest the proceeds into the chosen mutual funds. Ensure that you spread your investments across different types of funds to diversify your portfolio and manage risk effectively. Regularly review and adjust your portfolio to stay aligned with your financial goals and market conditions.

Your commitment to investing Rs 1 lakh annually for the last seven years is commendable. It shows your dedication to securing a financially stable future for yourself and your family. Switching to mutual funds can be a smart move to enhance your returns and achieve your financial goals more efficiently. I understand that making such a decision can be daunting, but with the right guidance and strategy, you can make the most of your investments.

Final Insights
Switching from an insurance-linked investment to mutual funds can significantly enhance your returns, provide greater flexibility, and reduce costs. Mutual funds offer a wide range of options tailored to your risk tolerance and financial goals. Consulting a Certified Financial Planner will ensure your decision aligns with your long-term objectives, helping you build a robust investment portfolio.

Feel free to reach out if you have any more questions or need further assistance with your investments.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in

Ans: Himanshu, I’m excited to discuss your investment journey. You’ve chosen a well-rounded set of funds, which is commendable. Investing Rs. 15,000 monthly in SBI Small Cap Fund Direct Growth, Mirae Large Cap Fund Direct Growth, and Emergency Blue Chip Funds Direct Growth shows your commitment to building a robust financial future.

These funds have historically performed well, offering good returns over the long term. It’s wise to periodically review these investments to ensure they align with your long-term financial goals. Let's delve deeper into each aspect of your investment strategy and potential growth over 20 years.

Potential Growth Over 20 Years
Investing Rs. 15,000 monthly in each of the three funds amounts to Rs. 45,000 per month. Over 20 years, consistent investments, combined with the power of compounding, can result in substantial wealth accumulation. Historically, mutual funds in India have provided returns ranging from 10% to 15% annually.

For instance, if your investments grow at an average annual rate of 12%, your portfolio could grow significantly. While exact future returns can't be guaranteed, historical performance suggests that mutual funds can be a reliable vehicle for wealth creation.

Analyzing Fund Choices
Small Cap Funds
Small Cap funds, like your SBI Small Cap, invest in companies with smaller market capitalizations. These companies have the potential for high growth, making Small Cap funds high-risk, high-reward investments. They tend to outperform during bullish market phases but can be quite volatile during downturns. Staying invested for the long term can help mitigate this volatility and yield substantial returns.

Your choice to invest in a Small Cap fund indicates a willingness to take on higher risk for potentially higher returns. It’s crucial to monitor the performance of these funds regularly to ensure they continue to meet your investment goals.

Large Cap and Mid Cap Funds
Mirae Large Cap and Mid Cap funds offer a balance of stability and growth. Large Cap funds invest in established companies with stable returns, providing a solid foundation to your portfolio. These companies have a history of consistent performance and are less volatile compared to Small Cap stocks.

Mid Cap funds, on the other hand, invest in companies with medium market capitalizations. They offer higher growth potential than Large Cap funds but come with increased risk. Mid Cap funds can be a good addition to your portfolio, providing a blend of stability and growth.

Blue Chip Funds
Blue Chip funds invest in well-established companies with a history of strong performance. These companies are leaders in their respective industries and offer moderate returns with lower risk. Your investment in Emergency Blue Chip Funds Direct Growth adds a layer of stability to your portfolio.

Benefits of Diversification
Your portfolio is well-diversified across different market capitalizations – Small Cap, Mid Cap, and Large Cap. Diversification helps in spreading risk and optimizing returns. It ensures that your portfolio isn’t overly dependent on any single segment of the market.

Diversification across different types of funds can help in achieving a balanced risk-reward ratio. It’s essential to maintain this diversification and periodically review your portfolio to ensure it aligns with your changing financial goals and market conditions.

Regular Fund vs. Direct Fund
Investing through direct funds often has lower expense ratios compared to regular funds. This means that more of your money is invested in the market rather than being used to pay for fund management fees. Lower expense ratios can lead to slightly higher returns over the long term.

However, regular funds offer the benefit of professional advice from a Certified Financial Planner (CFP). A CFP can provide valuable insights and help you make informed decisions. They can also assist in adjusting your portfolio based on market conditions and personal financial goals. While direct funds may save you some money on fees, the value of professional advice can be substantial, especially for long-term wealth building.

Recommendations for Better Wealth Building
Equity Funds
Consider adding more equity-oriented funds to your portfolio. Equity funds generally have higher returns compared to debt funds. Look for funds with a consistent track record and good fund management. Equity funds can help in achieving higher growth, especially over long investment horizons like 20 years.

International Funds
As an NRI, you might benefit from diversifying into international funds. These funds invest in global markets, reducing dependency on the Indian market and providing exposure to global growth opportunities. International funds can add a new dimension to your portfolio, offering growth potential from different parts of the world.

Sectoral and Thematic Funds
Sectoral and thematic funds focus on specific sectors like technology, healthcare, or infrastructure. These can offer high returns if the sector performs well but come with higher risk due to concentration in a single sector. Adding sectoral funds can provide targeted exposure to high-growth areas, but it’s essential to balance them with other diversified funds to manage risk.

Regular Monitoring and Rebalancing
Regularly reviewing your portfolio is crucial. Market conditions change, and so do your financial goals. Periodic reviews with a CFP can help in rebalancing your portfolio, ensuring it remains aligned with your risk tolerance and financial objectives. Rebalancing involves adjusting your investments to maintain your desired asset allocation. This process helps in managing risk and optimizing returns.

Emergency Fund
Having an emergency fund is crucial. It ensures liquidity during unforeseen circumstances without disrupting your investment strategy. Typically, an emergency fund should cover 6-12 months of living expenses. This fund acts as a financial safety net, allowing you to handle emergencies without having to liquidate your long-term investments.

Long-Term Commitment
Staying invested for the long term is key. Market fluctuations are normal, but long-term investments tend to smooth out these ups and downs, leveraging the power of compounding. Compounding works best when investments are left to grow over an extended period. Resist the urge to make frequent changes based on short-term market movements.

Professional Guidance
A Certified Financial Planner can provide personalized advice tailored to your specific situation. They can help in creating a comprehensive financial plan, ensuring all aspects of your financial health are covered. Professional guidance can be invaluable in navigating complex financial decisions and staying on track towards your goals.

Evaluating Fund Performance
Historical Returns
When evaluating your funds, look at their historical returns. Consistently high returns over the years indicate strong fund management and good investment strategies. Compare the performance of your funds with their respective benchmarks to assess their effectiveness.

Risk-Adjusted Returns
It’s also essential to consider risk-adjusted returns. This metric takes into account the risk taken by the fund to achieve its returns. Funds with high returns but also high volatility might not be suitable for all investors. Look for funds that provide good returns with manageable risk levels.

Fund Manager’s Track Record
The experience and track record of the fund manager play a significant role in a fund’s performance. A skilled fund manager can navigate market fluctuations and make strategic decisions that enhance the fund’s returns. Check the credentials and past performance of the fund managers handling your investments.

Disadvantages of Direct Funds
While direct funds have lower expense ratios, they require more hands-on management from the investor. Without professional guidance, you might miss out on strategic adjustments and insights that a CFP can provide. Direct funds are suitable for knowledgeable investors who can actively manage their portfolios.

Benefits of Regular Funds Through CFP
Regular funds, though having higher expense ratios, come with the benefit of professional advice. A CFP can help in selecting the right funds, optimizing asset allocation, and providing strategic insights based on market conditions. The value of this professional guidance often outweighs the additional cost of regular funds.

Enhancing Your Investment Strategy
Setting Clear Goals
Clearly defining your financial goals is the first step. Knowing your objectives helps in selecting the right investment strategies. Whether it’s retirement planning, purchasing a property, or funding education, having clear goals allows you to tailor your investments accordingly.

Risk Assessment
Understanding your risk tolerance is crucial. Your risk tolerance depends on factors like age, income, financial obligations, and investment horizon. A CFP can help in assessing your risk tolerance and aligning your portfolio accordingly.

Asset Allocation
Optimal asset allocation is vital for managing risk and maximizing returns. Diversify your investments across different asset classes like equities, debt, and international funds. Regular rebalancing ensures your portfolio stays aligned with your risk tolerance and financial goals.

Periodic Review and Adjustments
Market conditions and personal circumstances change over time. Regular reviews of your portfolio help in making necessary adjustments. A CFP can assist in monitoring your investments and making strategic changes to optimize returns.

Tax Efficiency
Consider the tax implications of your investments. Different funds have different tax treatments, and it’s essential to factor this into your investment strategy. A CFP can help in selecting tax-efficient investment options and strategies to minimize your tax liability.

Avoiding Common Pitfalls
Overreacting to Market Volatility
Market volatility is inevitable. Avoid making hasty decisions based on short-term market movements. Staying committed to your long-term investment strategy is crucial for achieving your financial goals.

Lack of Diversification
Investing in a single asset class or sector can be risky. Diversification helps in spreading risk and optimizing returns. Ensure your portfolio is well-diversified across different asset classes and market segments.

Ignoring Professional Advice
Professional guidance from a CFP can significantly enhance your investment strategy. Ignoring professional advice can lead to missed opportunities and suboptimal investment decisions. Leverage the expertise of a CFP to maximize your investment potential.

Building a Robust Financial Plan
Comprehensive Financial Planning
A comprehensive financial plan covers all aspects of your financial health. It includes investment planning, tax planning, retirement planning, and estate planning. A CFP can help in creating a holistic financial plan tailored to your specific needs and goals.

Contingency Planning
Prepare for contingencies by having adequate insurance coverage and an emergency fund. Contingency planning ensures financial stability during unforeseen circumstances and protects your long-term investments.

Retirement Planning
Retirement planning is a crucial aspect of financial planning. Ensure you have a clear retirement goal and a strategy to achieve it. Regular reviews and adjustments to your retirement plan can help in staying on track towards your retirement objectives.

Staying Informed and Educated
Stay informed about market trends and financial news. Continuous learning and staying updated with financial knowledge can help in making informed investment decisions. Leverage resources like financial publications, seminars, and professional advice to enhance your financial literacy.

Final Insights
Himanshu, your current investment strategy is solid with a good mix of funds. Regular monitoring, diversification, and staying committed to long-term goals will help in achieving substantial wealth. Consider professional guidance for optimizing your portfolio and aligning it with your financial aspirations. Keep up the excellent work and stay focused on your long-term objectives.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: I understand you’re looking for an elaborate and well-detailed investment strategy to reach Rs. 2 crores in the next 10 years. You've already done an impressive job with your savings and investments. Let's dive deeper into a comprehensive plan to achieve your financial goal.

Introduction: Where You Stand
At 30 years old, you have a solid foundation with the following:

Salary: Rs. 75,000 per month
Monthly expenses: Rs. 25,000
Stock market investment: Rs. 2 lakhs in 20 shares
PPF: Rs. 20 lakhs with a SIP of Rs. 12,500
Cash: Rs. 3 lakhs in your account
This leaves you with a healthy savings rate and a strong base to build on. Now, let's explore how to grow your wealth to Rs. 2 crores in 10 years.

Understanding Risk and Investment Horizon
Before we dive into the specifics, it's essential to understand your risk tolerance and investment horizon. Since you're looking to achieve a significant financial milestone in a decade, you'll need a mix of investments that balance growth potential and risk.

Investment Options: SIP vs. Lumpsum
Systematic Investment Plan (SIP)
SIPs are a disciplined way to invest regularly. They help mitigate market volatility by averaging the cost of investment over time. This approach is particularly effective in equity markets where prices fluctuate.

Advantages of SIP:

Rupee Cost Averaging: By investing a fixed amount regularly, you buy more units when prices are low and fewer when prices are high, averaging out the cost.
Disciplined Approach: Regular investments encourage a disciplined savings habit.
Reduced Risk of Market Timing: Since you invest regularly, you avoid the risk of investing a large sum at an unfavorable time.
Lumpsum Investment
Investing a lumpsum amount can be beneficial if you invest in debt funds or hybrid funds during stable market conditions. However, timing the market perfectly is challenging and risky.

Advantages of Lumpsum:

Higher Potential Returns: If invested at the right time, lumpsum investments can yield higher returns.
Suitable for Stable Funds: Ideal for investing in debt or hybrid funds where market timing is less critical.
Diversifying Your Portfolio
Diversification is crucial to manage risk and optimize returns. Here’s a detailed look at various investment avenues:

Mutual Funds
Mutual funds offer diversification across different asset classes. They are managed by professional fund managers and provide exposure to a variety of sectors and companies.

Types of Mutual Funds:

Equity Mutual Funds
These funds invest primarily in stocks. They are suitable for long-term goals and offer higher returns compared to other mutual funds. Consider large-cap or diversified equity funds for stability and growth.

Recommended Allocation:

Large-Cap Funds: These funds invest in well-established companies with a strong track record. They provide stable returns and lower risk compared to mid-cap or small-cap funds.
Diversified Equity Funds: These funds invest across various sectors and market capitalizations, providing balanced exposure.
Debt Mutual Funds
Debt funds invest in fixed income securities like bonds, government securities, and corporate debt. They are less volatile than equity funds and provide steady returns.

Recommended Allocation:

Short-Term Debt Funds: Suitable for a 3-5 year horizon, these funds invest in debt securities with shorter maturities.
Income Funds: These funds invest in a mix of government and corporate bonds and are suitable for a medium-term horizon.
Hybrid Mutual Funds
Hybrid funds invest in both equity and debt, offering a balanced approach with moderate risk.

Recommended Allocation:

Aggressive Hybrid Funds: These funds have a higher allocation to equities and a smaller portion in debt. They are suitable for investors looking for growth with moderate risk.
Conservative Hybrid Funds: These funds have a higher allocation to debt and a smaller portion in equities, suitable for conservative investors.
Your Investment Strategy
Given your current financial status and goal, here’s a tailored investment strategy:

1. Continue Your PPF Contributions
Public Provident Fund (PPF) is a safe and tax-efficient investment. It offers guaranteed returns and should remain a core part of your portfolio. Continue your SIP of Rs. 12,500 per month in PPF.

2. Increase Equity Exposure via SIPs
Equity mutual funds should be the backbone of your growth strategy. Start SIPs in a mix of large-cap and diversified equity mutual funds. Aim to allocate around 40% of your monthly savings here.

Example Allocation:

Large-Cap Fund SIP: Rs. 10,000 per month
Diversified Equity Fund SIP: Rs. 10,000 per month
3. Debt Mutual Funds for Stability
To balance risk, invest in debt mutual funds. Allocate around 30% of your monthly savings to these funds. They provide steady returns and reduce overall portfolio volatility.

Example Allocation:

Short-Term Debt Fund SIP: Rs. 7,500 per month
Income Fund SIP: Rs. 7,500 per month
4. Hybrid Funds for Balance
Hybrid funds offer the best of both worlds, combining equity and debt. Allocate around 20% of your savings to hybrid funds. This provides a balanced risk-return profile.

Example Allocation:

Aggressive Hybrid Fund SIP: Rs. 5,000 per month
Conservative Hybrid Fund SIP: Rs. 5,000 per month
5. Emergency Fund
Maintaining an emergency fund is crucial. Your Rs. 3 lakhs in cash is a good start. Ensure it covers at least six months of expenses. This fund should remain liquid and easily accessible.

Evaluating and Rebalancing
Regularly reviewing and rebalancing your portfolio is essential to ensure it stays aligned with your goals. Aim to review your investments every six months.

Steps for Rebalancing:

Assess Performance: Review the performance of your mutual funds and overall portfolio.
Adjust Allocations: If any fund is underperforming or overperforming, adjust your allocations to maintain the desired balance.
Stay Disciplined: Stick to your investment plan and avoid impulsive changes based on market movements.
Avoiding Common Pitfalls
To ensure success, here are some pitfalls to avoid:

1. Don’t Time the Market
Attempting to time the market often leads to losses. Stick to your SIPs regardless of market conditions. Consistent investing will yield better long-term results.

2. Avoid High-Risk Investments
Given your risk concerns, avoid direct stock investments. Stick to mutual funds where professional managers handle the risk.

3. Avoid Over-Diversification
Investing in too many funds can dilute returns and complicate portfolio management. Stick to a few well-performing mutual funds for optimal results.

Benefits of Actively Managed Funds Over Index Funds
You might have heard about index funds. While they are low-cost, they simply mimic the market. In contrast, actively managed funds, guided by skilled managers, aim to outperform the market.

Disadvantages of Index Funds:

No Outperformance: They only track the market, so they can't outperform it.
Market Risk: They carry the same risk as the market.
Lack of Flexibility: Fund managers can't make strategic moves based on market conditions.
Benefits of Actively Managed Funds:

Potential Outperformance: Skilled managers can outperform the market.
Risk Management: Managers can adjust portfolios based on market conditions.
Strategic Allocation: Funds can be tailored to changing economic scenarios.
Benefits of Regular Funds Over Direct Funds
Direct mutual funds have lower expense ratios, but investing through a Certified Financial Planner (CFP) offers significant advantages.

Disadvantages of Direct Funds:

No Professional Guidance: You miss out on expert advice and strategy.
More Responsibility: You handle all the research and monitoring.
Potential Mistakes: Without guidance, mistakes can lead to losses.
Benefits of Regular Funds Through CFP:

Expert Advice: A CFP provides professional advice tailored to your goals.
Portfolio Management: Ongoing monitoring and adjustments to your portfolio.
Holistic Planning: Comprehensive financial planning, including tax and retirement planning.
Final Insights
Consistency, diversification, and professional guidance are key to achieving your Rs. 2 crore goal. Regular investments through SIPs in a balanced portfolio of equity, debt, and hybrid mutual funds will help you reach your target. Keep a disciplined approach, avoid common pitfalls, and regularly review your portfolio.

By following this strategy, you can confidently work towards your financial goal while managing risk and optimizing returns. Stay committed to your plan, and you’ll be well on your way to financial success.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in