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Can I build a house costing 50 lakhs by the age of 28 or 29, with a potential increase to 60-70 lakhs?

Milind Vadjikar | Answer |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Oct 02, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more

Asked by Anonymous - Oct 02, 2024Hindi

Money

I am 24 now and I have completed my masters right now. Will I be able to build a new home around a budget of atleast 50 lakhs when I turn 28 or 29? Will I be able to increase my budget even higher to 60-70 lakhs?

Ans: If you start a monthly sip for 50 K now in a pure equity fund then you expect to accumulate a corpus of around 70 L in 7 years time frame.

If you do it for 5 years you may still have corpus of around 42 L while balance could be funded through a home loan.

A modest return of 13% considered.

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.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Question by Sham - Apr 05, 2023Hindi

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Hi sir, Can you guide me for the buying of the new house and what budget i should buy and my age is 37 yrs and 10 lakh package per year. Thank you

Ans: Usually people buy a house in which the loan amound is between 6 to 10 times of one's annual income, depending on the comfort level. Keep this criteria in mind and also what savings your have and other investments.

Ramalingam Kalirajan |10879 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

Question by Deepak - May 04, 2024Hindi

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Hi I'm 29 yrs old man with salary of 60k month, I wish to built a house by 2-3yrs from now and create a wealth for my retirement by 40 yrs of age, plz help me through it how should I be able to do that?

Ans: It's fantastic that you're thinking ahead and planning for your future. Building a house and creating wealth for retirement are significant goals, and with careful planning, you can achieve them. Here's some guidance to help you along the way:

Firstly, consider starting by creating a detailed financial plan outlining your current financial situation, your goals, and a roadmap to achieve them. This will help you stay organized and focused on your objectives.

To save up for your house in 2-3 years, you'll need to start setting aside a portion of your monthly income. Calculate how much you'll need for the down payment and closing costs, and then work out how much you need to save each month to reach that goal.

Consider investing your savings in low-risk, liquid instruments like fixed deposits or short-term debt funds to ensure that your money is easily accessible when you're ready to buy your house.

For your retirement goal, starting early is key. Since you're aiming to retire by 40, you'll need to prioritize saving and investing aggressively. Maximize contributions to retirement accounts like the Employee Provident Fund (EPF) or the National Pension System (NPS) to take advantage of tax benefits and long-term growth potential.

Additionally, consider investing in a diversified portfolio of equity mutual funds or stocks to build wealth over the long term. While the stock market can be volatile, historically, it has provided higher returns compared to other asset classes over extended periods.

Regularly review and adjust your financial plan as needed to stay on track towards your goals. Remember, consistency and discipline are crucial when it comes to achieving financial success.

Keep up the great work, and don't hesitate to seek advice from a Certified Financial Planner if you need assistance in fine-tuning your financial strategy.

Best of luck on your journey to homeownership and retirement!

Ramalingam Kalirajan |10879 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Apr 07, 2025

Question by Arun - Apr 07, 2025Hindi

Money

If I start my career @ 30 age earning monthly 60k at what age I can afford to buy a house in semi urban

Ans: Planning your first house purchase early shows strong financial awareness. Let’s explore this in a full, 360-degree way — keeping everything simple, realistic, and structured for Indian context.

Your Starting Point
You are 30 years old now.

You are earning Rs. 60,000 per month.

You are interested in buying a house in a semi-urban area.

We will consider affordability, down payment, EMI, lifestyle, and savings—all combined.

Step 1: Understand Realistic Budget for a Semi-Urban House
In most semi-urban towns, a decent house costs between Rs. 25L to Rs. 45L.

Let us take Rs. 35L as a middle number for this estimate.

You should ideally make a down payment of at least 20%.

That is around Rs. 7L down payment, and the rest by home loan.

Step 2: Estimate Comfortable EMI Based on Your Income
Banks allow 40% of salary as EMI. That is Rs. 24,000 per month.

You can get a loan of around Rs. 25L to Rs. 28L, depending on tenure and interest rate.

This is only possible if you have no other loans, like personal or car loan.

So, house cost around Rs. 30L to Rs. 35L is within your reach, if you plan well.

Step 3: Monthly Budget Planning Is the Key
Let’s divide your current Rs. 60,000 salary in a smart way.

Essentials (rent, food, transport): Rs. 25,000

SIP and emergency savings: Rs. 10,000

Lifestyle (mobile, clothes, outings): Rs. 5,000

Savings for house down payment: Rs. 15,000

Balance for unexpected needs: Rs. 5,000

This way, in 4 years, you can save Rs. 7L to Rs. 8L for the down payment.

Step 4: Create Emergency Reserve First
Before home purchase, keep Rs. 1.5L to Rs. 2L in bank or liquid fund.

This gives you strength if job or income changes.

Do not empty all savings for house down payment.

Your emergency fund must be separate from house funds.

Step 5: Build Down Payment Through SIP
Start monthly SIP of Rs. 10,000 to Rs. 15,000 in a conservative hybrid or balanced mutual fund.

Invest through MFD guided by a Certified Financial Planner.

Avoid direct plans or random apps. You need handholding.

In 4 years, SIP can grow your money slowly and safely.

Avoid investing in risky stocks for this purpose.

Step 6: Timing for House Purchase
Now let’s match savings with property goal.

By age 34 or 35, you can save enough for Rs. 7L to Rs. 8L down payment.

If you maintain job stability, your loan eligibility will also rise by that time.

Bank will ask for salary slips, Form-16, IT returns, and account statements.

You will also need to pay stamp duty, registration and interiors.

So add another Rs. 1.5L to Rs. 2L buffer for extra costs.

Step 7: Understand Costs After Buying House
EMI around Rs. 20,000 to Rs. 24,000 per month is manageable with Rs. 60K salary.

Avoid stretching EMI to more than 40% of salary.

After EMI starts, reduce other spending like gadgets or travel.

Remember to continue SIP for long term wealth building even after house purchase.

Home loan also gives you tax benefits under 80C and 24B.

Step 8: Factors That Can Delay or Accelerate Your Goal
If your salary increases fast, you can buy before age 34.

If you lose job or take a break, house goal may get delayed.

If you get bonus or parental support, you can advance your plan.

If you start freelancing without fixed income, banks may not give you a home loan easily.

Step 9: Other Non-Financial Factors to Consider
Buy only if you plan to stay in same city or town for 5+ years.

Don’t buy if job transfers are frequent or you may move abroad.

Buy only when you feel mentally and financially confident.

Also check legal title and local market trends before booking.

Don’t fall for high-rise dreams or peer pressure.

What You Should Avoid
Don’t take home loan before having emergency fund and job stability.

Don’t buy house just to save tax.

Don’t touch retirement savings or PPF for down payment.

Don’t skip insurance protection — buy term insurance and health cover.

Don’t expect house value to double in 5 years. Growth is slow in semi-urban.

Final Insights
If you start saving now, you can afford to buy your first house in 4 to 5 years. That means you can comfortably own a house by age 34 or 35.

But don’t rush. First, build habits of monthly SIP, emergency savings, and debt-free living.

Your income, savings discipline, and life goals must all align before you take the house step. Buy only when you are truly ready emotionally and financially.

You are on the right path by asking this now. Stay consistent and guided by a Certified Financial Planner.

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

Ramalingam Kalirajan |10879 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 29, 2025

Asked by Anonymous - May 25, 2025

Money

Hi Sir, I'm 34 unmarried female with partial responsibility for parents (they have pension) but full responsibility for another adult forever who is 36 years old at this time due to certain medical issues. My goal is to be able to buy a house in metro like Pune/Bengaluru where current prices have skyrocketed to 1.2 cr, in the next 2-3 years. My current savings and income is 13 L in FD, 7L in PPF, and 4L in MF. Current salary is 1.5L per month where my expenses are 20k monthly rent, 10-15k in total for other expenses like food/living etc. Monthly MF investment is 35k and 12.5k for ppf and i save as and when possible for FD. At this time slightly worried if I'll be able to purchase a home at all. Also I do not have any other loans, please help.

Ans: You are doing a good job managing your income, savings, and responsibilities.

Your goal to buy a house in a metro is clear.

But we need to go step-by-step to see if it fits into your bigger financial life.

We also need to check the long-term impact of such a decision.

Let’s analyse everything in a simple, structured, and detailed way.

Let’s look at your money from a 360-degree view.

Let us begin.

Income and Expense Control

Monthly salary of Rs. 1.5 lakhs is a strong base.

Your rent is Rs. 20,000 and other expenses are Rs. 15,000 max.

Total expenses are around Rs. 35,000 per month only.

This gives you a very good surplus of Rs. 1.15 lakhs monthly.

That level of saving shows strong discipline and financial maturity.

This is very positive especially as you have responsibilities too.

Current Investments and Asset Mix

Rs. 13 lakhs in fixed deposits is a safety cushion.

Rs. 7 lakhs in PPF is useful for long-term stability.

Rs. 4 lakhs in mutual funds is a good start for wealth creation.

Monthly SIP of Rs. 35,000 is aggressive and well placed.

PPF investment of Rs. 12,500 monthly is also consistent.

You are spreading risk and ensuring short and long term goals.

However, fixed deposits will not beat inflation in the long run.

Understanding the Housing Goal

Your target home budget is Rs. 1.2 crore in a metro.

This is a huge goal considering your current savings.

With 13L FD + 7L PPF + 4L MF = Rs. 24 lakhs total now.

It is hard to buy a home of Rs. 1.2 crore fully from this.

You may need to take a home loan of Rs. 80 lakhs or more.

Loan EMI on this amount will be around Rs. 65,000 to Rs. 70,000 monthly.

This can affect your MF SIP and other savings.

You also need to pay 10% to 20% down payment upfront.

That is around Rs. 24 lakhs minimum, which is what you already have.

But if you pay it all, there will be no emergency fund left.

Home Loan and EMI Risk Assessment

Taking such a large loan will bring financial pressure.

Your current surplus will drop quickly with EMI payments.

You may have to stop or reduce your SIP and PPF.

That will impact your long-term financial independence.

You are also responsible for one adult dependent lifelong.

So you need a strong safety net for medical and lifestyle costs.

A home loan will reduce your flexibility for that.

Your job is in the private sector, which can have income uncertainty.

Why Owning Property May Not Be Best Now

Buying a house looks attractive, but comes with hidden costs.

Stamp duty, registration, maintenance, repairs, interiors, property tax, etc.

These can total up to 10%-12% of home value over time.

Buying locks up your capital and reduces liquidity.

Rent is only Rs. 20,000 now, which is manageable.

You also have freedom to move for job opportunities.

Home ownership can tie you down, especially early in life.

Better to delay this until other goals are secure.

Investment Strategy Review

Mutual funds help you beat inflation and grow wealth.

Continue with your Rs. 35,000 SIP as long as possible.

Don’t reduce SIP to save for property down payment now.

PPF will build your tax-free corpus, so continue with Rs. 12,500 monthly.

Your fixed deposits can be slowly reduced.

Shift them into short duration mutual funds for better returns.

But keep Rs. 3 to 5 lakhs aside as emergency fund always.

Don’t go fully into equity without having a buffer.

Real Estate as Investment? No.

Property as investment has low liquidity.

Difficult to sell quickly if needed.

High cost of buying and selling.

Price appreciation not guaranteed.

Better to build wealth using mutual funds with Certified Financial Planner.

Action Plan for Next 2 to 3 Years

Delay home buying decision for now.

Focus on building Rs. 40-50 lakhs liquid net worth.

Keep SIP + PPF going without stopping.

Shift part of FD to balanced or hybrid mutual funds.

Review SIP portfolio yearly with Certified Financial Planner.

Build emergency fund for 6 months expenses minimum.

Create term insurance of Rs. 1 crore if not yet done.

Take health insurance for yourself and dependent.

Avoid ULIPs or investment insurance products.

Avoid index funds as they don’t beat market always.

Regular mutual funds via Certified Financial Planner give better support.

Avoid direct plans as they give no guidance or help.

When Should You Buy A House Then?

When you have minimum Rs. 35 to 40 lakhs corpus ready.

When EMI is less than 35% of your salary.

When you have 6 to 12 months emergency fund set aside.

When your SIP and PPF can continue without stopping.

When job and income feel stable for long term.

Till then, stay in rent and grow your investments.

You can invest even with property in mind.

Create a “home goal fund” in short to medium mutual funds.

Add lumpsum to this if salary rises or bonuses come.

Review property market every year with your Certified Financial Planner.

If property prices fall or income increases, reassess.

Extra Steps You Can Take

Avoid lifestyle inflation. Keep expenses simple.

Don’t buy car or other EMI-based assets now.

Keep salary hike savings 100% for investments.

Increase SIP every year as income grows.

Protect your dependent with medical cover and estate plan.

Consider creating a Will for your assets.

Keep updating your plan every year or with life changes.

Finally

You are doing very well at this stage of life.

Your savings rate is excellent.

Your investment approach is balanced and smart.

Buying a home now is not right timing.

It may reduce your long-term growth and flexibility.

Delay home purchase for 2 to 3 years minimum.

Use this time to strengthen your investment base.

Let your SIPs and PPF grow your net worth.

Use Certified Financial Planner for regular reviews and guidance.

Stay focused on what matters – stability, growth, peace.

House can wait. Financial freedom cannot.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Ramalingam Kalirajan |10879 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Aug 16, 2025

Question by Atul - Aug 16, 2025Hindi

Money

I am , Atul. My age is 27 now. My salary is 28500rs P.M . Iam paying EMIs of 11,500rs P.M will closed Till December 2025. And my home expenses is 10000rs. I am planning to buy a new home upto 30 Lakh. How can I manage it and when to buy ?

Ans: You are thinking about your home in a very early stage, Atul. That is really good and responsible. At 27, you are looking at big goals. That is a strong step. Let us now carefully see how you can handle it.

» Current Financial Position
– Your salary is Rs 28,500 per month.
– EMI is Rs 11,500 per month till Dec 2025.
– Household expenses are Rs 10,000 per month.
– After EMI and expenses, you save Rs 7,000.
– This is a positive sign. You are not in deficit.

» EMI Commitment Assessment
– Present EMI takes a major share of income.
– Till Dec 2025, savings will stay limited.
– After EMI ends, you will free Rs 11,500 monthly.
– That will increase savings to Rs 18,500 monthly.
– This is when your cash flow improves greatly.

» House Purchase Timing
– Buying a home before Dec 2025 is not wise.
– Your EMI burden is already high.
– Adding a new home loan will stress finances.
– From 2026, you can look at a loan safely.
– Then you will have better repayment capacity.

» Budget for New Home
– Home cost target is Rs 30 lakh.
– Banks usually ask 20% as down payment.
– That means about Rs 6 lakh minimum upfront.
– Presently, you cannot build this in one year.
– With higher savings from 2026, it is possible.

» Stepwise Plan for Home Purchase
– Save aggressively from Jan 2026 onwards.
– Keep Rs 15,000 or more monthly for down payment.
– Within 3 years, you can reach close to Rs 6 lakh.
– Then apply for a loan confidently.
– Loan EMI will also need careful check with income.

» Income and Career Growth Factor
– You are still 27 and career will grow.
– Your salary can increase in coming years.
– Promotions, job change or skill upgrades will help.
– Higher income will make home loan easier.
– Keep investing in your career as much as money.

» Managing Lifestyle Expenses
– Presently you spend Rs 10,000 on home needs.
– This looks moderate and controlled.
– Continue this discipline even after EMI ends.
– Avoid unnecessary loans or gadgets.
– Each rupee saved will take you closer to the home.

» Emergency Reserve Importance
– Before saving for a house, build emergency fund.
– At least 6 months of expenses should be ready.
– That means around Rs 60,000 set aside.
– Keep this in liquid and safe instrument.
– Never use this fund for down payment.

» Loan Burden Evaluation
– A Rs 30 lakh home may need Rs 24 lakh loan.
– EMI for that may cross Rs 20,000 monthly.
– You must check if income can support that.
– Banks usually look at 40-50% EMI to income ratio.
– You must keep EMI within safe limits.

» Alternate Property Strategy
– Instead of 30 lakh, you may start smaller.
– A 20-25 lakh property can also work.
– That will reduce down payment and EMI.
– Later you can upgrade as income grows.
– It will keep your financial life balanced.

» Saving Instruments for Down Payment
– Use recurring deposits or short-term funds.
– Keep money in safe, accessible options.
– Avoid risky bets that can erode capital.
– Goal here is stability, not high returns.
– Regular discipline matters more than product type.

» Insurance Protection
– If you plan a large loan, insurance is must.
– Life cover should match the loan liability.
– Health insurance is equally important for you.
– Without insurance, one event can derail plan.
– Get this protection before applying for home loan.

» Tax Planning Angle
– Home loan gives tax benefits under IT Act.
– You can save on interest and principal.
– These savings will support your cash flow.
– But don’t take loan only for tax purpose.
– Primary focus should be repayment ability.

» Lifestyle and Family Goals Balance
– Home should not compromise other goals.
– Marriage, children, retirement will also need money.
– Avoid putting all focus only on house.
– Parallel savings must continue for long-term goals.
– Balance is key to financial well-being.

» Emotional Side of Buying Home
– Buying early may give excitement.
– But stress will kill that excitement.
– Waiting till 2026 gives confidence.
– You will buy with freedom, not fear.
– This patience will bring joy, not burden.

» Long-Term Financial Discipline
– Avoid loans for cars or luxury items now.
– Focus only on essential spending.
– Increase savings rate step by step.
– Automatic transfers help build corpus steadily.
– Financial freedom needs steady habits.

» Risk Management
– Don’t depend only on salary.
– Think of side income options.
– Even a small freelance income helps.
– Diversified income means less pressure on job.
– It will also help in loan eligibility.

» Property Loan Readiness
– Before applying, check your credit score.
– Pay all EMIs and bills on time.
– This will boost loan approval chances.
– Good score also helps get better interest.
– Keep credit card usage under control.

» Finally
– Right now, focus on clearing EMI by 2025.
– Build emergency reserve before house savings.
– Start saving for down payment from 2026.
– Consider smaller property if cash flow is tight.
– Take insurance before loan for protection.
– Keep salary growth and side income in mind.
– Balance home with other life goals always.
– Buying a house is a big step.
– With patience and discipline, you will manage it.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Latest Questions

Reetika Sharma |423 Answers |Ask -Follow

Financial Planner, MF and Insurance Expert - Answered on Dec 12, 2025

Asked by Anonymous - Nov 23, 2025Hindi

Money

Sir, My age is 45 now. I want to shift my career into IT. what can be done. Also want to retire in 53 age. Salary gross 95500 INR . May I choose mutual fund sip but in whose sip? Sbi, ICICI ?

Ans: Hi,

Please consult a career counsellor to shift your career to IT field.
And yes you can invest in SIP. Please share the amount that you want to invest monthly, your goals and risk behaviour for me to analyse and guide you in a better way.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Reetika Sharma |423 Answers |Ask -Follow

Financial Planner, MF and Insurance Expert - Answered on Dec 12, 2025

Question by deepa - Nov 27, 2025Hindi

Money

Dear Sir, I am 60 yrs and just superannuated. I have no pension and the spread of corpus is as follows; - MF & Shares portfolio value is around 1 Cr. SWP of 40000/month initiated. But SIP of 20000/month is also on for next six months - FDs in bank is around 3. Cr and are in Quarterly pay-out interest - PPF of 20 Lac - RBI Bond of 16 lac half yearly interest pay out - PF 90 Lac not withdrawn so far as I can extend this with 1 yr. - Few SA pension 63000 per year Please do suggest if the above can give me expenses to meet 2.5 Lac/m for next 20 yrs Best regards,

Ans: Hi Deepa,

Overall your total networth is 5 crores (including PF, FD, MF, binds etc.) - we will break it into 4 crores (which can be used to fund your retirement) and 1 crore for emergencies.
If invested correctly, this 4 crores can fund you for 20 years and not more than that. You need to invest 4 crores so that they fetch you around 11-12% XIRR to fund your monthly expenses. Also withdraw your PF, liquidate 2 crores from FD and reinvest entirely.

Take the help of a professional who will design your portfolio keeping in mind your monthly requirements for the next 20 years.

Hence please consult a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile. A CFP periodically reviews your portfolio and suggest any amendments to be made, if required.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Reetika Sharma |423 Answers |Ask -Follow

Financial Planner, MF and Insurance Expert - Answered on Dec 12, 2025

Asked by Anonymous - Nov 08, 2025Hindi

Money

I am doing 2Lkh monthly SIP as following: 1. Parag Parikh flexi - 50K 2. Tata Small cap - 50K 3. Invesco India Small cap - 50K 4. Quant Mid cap - 20K 5. HDFC Index - 10K 6. Tata Nifty Midcap 150 momentum 50 index - 10K 7. Edelweiss US Tech FOF - 10K My wife is running 30K monthly SIP, 6K in each 1. Quant Small cap 2. Quant Flexi cap 3. Kotak Multi cap 4. JioBlackrock Nifty 50 index 5. JioBlackrock Flexi cap My dad also invest 30K in SIP monthly, 6K in each 1. Parag Parikh flexi 2. Axis small cap 3. Kotak flexi cap 4. Edelweiss mid cap 5. Tata nifty midcap 150 momentum 50 I am investing for retirement with 15 year horizon. Whereas my wife is investing for my daughter’s education and marriage - she is targeting to invest for 17 years (and keep invested till our daughter marriage). My father is 70 and has 15 year investment horizon - to pass on as a gift to his grandkids. Please evaluate the investment strategy.

Ans: Hi,

It is a very good habit and strategy to align your investments with your goals. You, your wife and your father are on the right track. However the funds you described are not in alignment with your goals and highly overlapped one.
It is always better to take the help of a professional when it comes to money.
A single mistake can break your portfolio. Please do work with a dedicated professional to correct your strategy.

Do consult a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile. A CFP periodically reviews your portfolio and suggest any amendments to be made, if required.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Reetika Sharma |423 Answers |Ask -Follow

Financial Planner, MF and Insurance Expert - Answered on Dec 12, 2025

Question by shashikant - Nov 24, 2025Hindi

Money

Mujhe 40000 ki sip 5 year ke liye kis fund mai karu ghar lene kebliye

Ans: Hi Shashikant,

It is good that you want to start SIP. Please share other details such as your age, time frame, your risk profile for me to guide you better.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Reetika Sharma |423 Answers |Ask -Follow

Financial Planner, MF and Insurance Expert - Answered on Dec 12, 2025

Asked by Anonymous - Nov 20, 2025Hindi

Money

Dear Sir, I am 43 year old living in a metro city. I have accumulated MF corpus of 2.45 Cr (2 Cr Equity fund and 45 lakh Debt fund). My PF and Gratuity is around 40 lakh. I own a house and have no liability / loans. I also have a plot worth 30 Lakhs. My monthly expense is 60,000. I want to retire in next 2 years when I will have 3 Cr total corpus. Do I have sufficient retirement corpus? How do reclassify my investments ?

Ans: Hi,
Your current assets are parked correctly and you have saved good wrt your age.
If you retire after 2 years with 3 crore corpus, you can fund yourself forever with 60,000 per month expenses (inflation adjusted).
You need to consult a professional who wi;ll design your overall portfolio for your retirement. It is better to avoid doing the same yourself because any minor mistake can cost your lifestyle.
Hence get in touch with a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile. A CFP periodically reviews your portfolio and suggest any amendments to be made, if required.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Mayank Chandel |2572 Answers |Ask -Follow

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Dec 11, 2025

Question by Prince - Dec 10, 2025Hindi

Career

Sir mene class 12 board cbse se diya usme meri maths me compartment lag gayi fir compartment ka paper aaya usme bhi fail ho Gaya sir mere pass 6 subject the overall paas hogaya fir mene nios se maths pass kar liya , is wajah se meri do marksheet ho gayi hai to me Iit jee ke liye eligbl hoon

Ans: Hello Prince
you are eligible for IIT JEE

Mayank Chandel |2572 Answers |Ask -Follow

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Dec 11, 2025

Question by Archana - Dec 10, 2025Hindi

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Hi Sir, My daughter is studying in Grade 5 and following CBSE curriculum. She wishes to join Indian Navy after her schooling. Since we are getting transfer in every three years, it is difficult for her to continue her studies in the same school. So we are planning to take admission in a boarding school with ICSE curriculum. What is your opinion or advice on this?

Ans: Hello Archana ji,
As far as i understand, for defence exams (like NDA, Navy SSR/AA, CDS in future), CBSE has a slight practical advantage. The syllabus of NDA written exam aligns more closely with NCERT (CBSE) textbooks.
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Mutual Funds, Financial Planning Expert - Answered on Dec 11, 2025

Asked by Anonymous - Dec 11, 2025Hindi

Money

Hello Sir, I am 56 yrs old with two sons, both married and settled. They are living on their own and managing their finances. I have around 2.5 Cr. invested in Direct Equity and 50L in Equity Mutual Funds. I have Another 50L savings in Bank and other secured investments. I am living in Delhi NCR in my owned parental house. I have two properties of current market worth of 2 Cr, giving a monthly rental of around 40K. I wish to retire and travel the world now with my wife. My approximate yearly expenditure on house hold and travel will be around 24 L per year. I want to know, if this corpus is enough for me to retire now and continue to live a comfortable life.

Ans: You have built a strong base. You have raised your sons well. They live independently. You and your wife now want a peaceful and enjoyable retired life. You have created wealth with discipline. You have no home loan. You live in your own house. This gives strength to your cash flow. Your savings across equity, mutual funds, and bank deposits show good clarity. I appreciate your careful preparation. You deserve a happy retired life with travel and comfort.

» Your Present Position
Your current financial position looks very steady. You hold direct equity of around Rs 2.5 Cr. You hold equity mutual funds worth Rs 50 lakh. You also have Rs 50 lakh in bank deposits and other secured savings. Your two rental properties add more comfort. You earn around Rs 40,000 per month from rent. You also live in your owned house in Delhi NCR. So you have no rent expense.

Your total net worth crosses Rs 5.5 Cr easily. This gives you a strong base for your retired life. You plan to spend around Rs 24 lakh per year for all expenses, including travel. This is reasonable for your lifestyle. Your savings can support this if planned well. You have built more than the minimum needed for a comfortable retired life.

» Your Key Strengths
You already enjoy many strengths. These strengths hold your plan together.

You have zero housing loan.

You have stable rental income.

You have children living independently.

You have a balanced mix of assets.

You have built wealth with discipline.

You have clear goals for travel and lifestyle.

You have strong liquidity with Rs 50 lakh in bank and secured savings.

These strengths reduce risk. They support a smooth retired life with less stress. They also help you handle inflation and medical costs better.

» Your Cash Flow Needs
Your yearly expense is around Rs 24 lakh. This includes travel, which is your main dream for retired life. A couple at your stage can keep this lifestyle if the cash flow is planned well. You need cash flow clarity for the next 30 years. Retirement at 56 can extend for three decades. So your wealth must support you for a long period.

Your rental income gives you around Rs 4.8 lakh per year. This covers almost 20% of your yearly spending. This reduces pressure on your investments. The rest can come from a planned withdrawal strategy from your financial assets.

You also have Rs 50 lakh in bank deposits. This acts as liquidity buffer. You can use this buffer for short-term and medium-term needs. You also have equity exposure. This can support long-term growth.

» Risk Capacity and Risk Need
Your risk capacity is moderate to high. This is because:

You own your home.

You have rental income.

Your children are financially independent.

You have large accumulated assets.

You have enough liquidity in bank deposits.

Your risk need is also moderate. You need growth because inflation will rise. Travel costs will rise. Medical costs will increase. Your lifestyle will change with age. Your equity portion helps you beat inflation. But your equity exposure must be managed well. You should avoid sudden large withdrawals from equity at the wrong time.

Your stability allows you to keep some portion in equity even during retired life. But you should avoid excessive risk through direct equity. Direct equity carries concentration risk. A balanced mix of high-quality mutual funds is safer in retired life.

» Direct Equity Risk in Retired Life
You hold around Rs 2.5 Cr in direct equity. This brings some concerns. Direct equity needs frequent tracking. It needs research. It carries single-stock risk. One mistake may reduce your capital. In retired life, you need stability, clarity, and lower volatility.

Direct funds inside mutual funds also bring challenges. Direct funds lack personalised support. Regular plans through a Mutual Fund Distributor with a Certified Financial Planner bring guidance and strategy. Regular funds also support better tracking and behaviour management in volatile markets. In retired life, proper handholding improves long-term stability.

Many people think direct funds save cost. But the value of advisory support through a CFP gives higher net gains over long periods. Direct plans also create more confusion in asset allocation for retirees.

» Mutual Funds as a Core Support
Actively managed mutual funds remain a strong pillar. They bring professional management and risk controls. They handle market cycles better than index funds. Index funds follow the market blindly. They do not help in volatile phases. They also offer no risk protection. They cannot manage quality of stocks.

Actively managed funds deliver better selection and risk handling. A retiree benefits from such active strategy. You should avoid index funds for a long retirement plan. You should prefer strong active funds under a disciplined review with a CFP-led MFD support.

» Why Regular Plans Work Better for Retirees
Direct plans give no guidance. Retired investors often face emotional decisions. Some panic during market fall. Some withdraw heavily during market rise. This harms wealth. Regular plan under a CFP-led MFD gives a relationship. It offers disciplined rebalancing. It improves long-term returns. It protects wealth from poor behaviour.

For retirees, the difference is huge. So shifting to regular plans for the mutual fund portion will help long-term stability.

» Your Withdrawal Strategy
A planned withdrawal strategy is key for your case. You should create three layers.

Short-Term Bucket
This comes from your bank deposits. This should hold at least 18 to 24 months of expenses. You already have Rs 50 lakh. This is enough to hold your short-term cash needs. You can use this for household costs and some travel. This avoids panic selling of equity during market downturn.

Medium-Term Bucket
This bucket can stay partly in low-volatility debt funds and partly in hybrid options. This should cover your next 5 to 7 years. This helps smoothen withdrawals. It gives regular cash flow. It reduces market shocks.

Long-Term Bucket
This can stay in high-quality equity mutual funds. This bucket helps beat inflation. This bucket helps fund your travel dreams in later years. This bucket also builds buffer for medical needs.

This three-bucket strategy protects your lifestyle. It also keeps discipline and clarity.

» Handling Property and Rental Income
Your properties give Rs 40,000 monthly rental. This helps your cash flow. You should maintain the property well. You should keep some funds aside for repairs. Do not depend fully on rental growth. Rental yields remain low. But your rental income reduces pressure on your investments. So keep the rental income as a steady support, not a primary source.

You should not plan more real estate purchase. Real estate brings low returns and poor liquidity. You already own enough. Holding more can hurt flexibility in retired life.

» Planning for Medical Costs
Medical costs rise faster than inflation. You and your wife need strong health coverage. You should maintain a reliable health insurance. You should also keep a medical fund from your bank deposits. You may keep around 3 to 4 lakh per year as a buffer for medical needs. Your bank savings support this.

Health coverage reduces stress on your long-term wealth. It also avoids large withdrawals from your growth assets.

» Travel Planning
Travel is your main dream now. You can plan your travel using your short-term and medium-term buckets. You can take funds annually from your liquidity bucket. You can avoid touching long-term equity assets for travel. This approach keeps your wealth stable.

You should plan travel for the next five years with a budget. You should adjust your travel based on markets and health. Do not use entire gains of equity for travel. Keep travel budget fixed. Add small adjustments only when needed.

» Inflation and Lifestyle Stability
Inflation will impact lifestyle. At Rs 24 lakh per year today, the cost may double in 12 to 14 years. Your equity exposure helps you beat this. But you need careful rebalancing. You also need disciplined review with a CFP-led MFD. This will help you manage inflation and maintain comfort.

Your lifestyle is stable because your children live independently. So your cash flow demand stays predictable. This makes your plan sustainable.

» Longevity Risk
Retirement at 56 means you may live till 85 or 90. Your plan should cover long years. Your total net worth of around Rs 5.5 Cr to Rs 6 Cr can support this. But you need a proper drawdown strategy. Avoid high withdrawals in early years. Keep your travel budget steady.

Do not depend on one asset class. A mix of debt and equity gives comfort. Keep your bank deposits as cushion.

» Succession and Estate Planning
Since you have two sons who are settled, you can plan a clear will. Clear distribution avoids conflict. You can also assign nominees across accounts. You can also review your legal papers. This gives peace to you and your family.

» Summary of Your Retirement Readiness
Based on your assets and cash flow, you are ready to retire. You have enough wealth. You have enough liquidity. You have enough income support from rent. You also have good asset mix. With proper planning, your lifestyle is comfortable.

You can retire now. But maintain a disciplined withdrawal strategy. Shift more reliance from direct equity into professionally managed mutual funds under regular plans. Keep your liquidity strong. Review once every year with a CFP.

Your wealth can support your travel dreams for many years. You can enjoy retired life with confidence.

» Finally
Your preparation is strong. Your intentions are clear. Your lifestyle needs are reasonable. Your assets support your dreams. With a balanced plan, steady review, and mindful spending, you can enjoy a comfortable retired life with your wife. You can travel the world without fear of running out of money. You deserve this peace and joy.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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

Samraat Jadhav |2507 Answers |Ask -Follow

Stock Market Expert - Answered on Dec 11, 2025

Question by Saurav - Dec 11, 2025Hindi

Money

Kindly advice i have 1500 shares of NMDC @ 60 what should i do

Ans: Profit making Company with High ROCE and Low PE, 80 may be a good price to book profits. if you are a long term investor and can hold for 10yrs then dont sell.

Samraat Jadhav |2507 Answers |Ask -Follow

Stock Market Expert - Answered on Dec 11, 2025

Asked by Anonymous - Dec 11, 2025Hindi

Money

Regarding benefits and transfer of 1700 partly paid share I would like to inquiry about the 1700 shares of jindal vijay nagar steel that were subscribed/paid for earlier Am i eligible to receive any benefits, dividend or right associated with these partly paid shares..? Is there any rules, procedure,or provision through which these partly paid shares can be transferred and registered in my name Kindly provide guidance on the process and the required documents,if applicable I shall be grateful for your assistance Thankyou Warm regards Girish Bhatnagar

Ans: Girish ji, please connect with kfintech for the details. You would get the right information from them as they are the registrar for the issue.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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