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40-Year-Old Professional Seeking Advice on Investment Strategy

Milind

Milind Vadjikar  |1182 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 11, 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
Vicky Question by Vicky on Oct 10, 2024Hindi
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I am 40 years old working professional, working in private firm getting in hand salary of Rs. 2.25 lacs/month. I am invested Rs. 50k via SIP in large/mid/small cap in 40:30:30 ratio from 2023 and one HDFC ULIP plan (premium is Rs. 1.5 lacs per year from 2018) . I had an home loan of Rs. 30 lacs o/s as on today for which I am paying around Rs 58k EMI. I had 2 sons of 8 years and 3 years and I have 2 financial goals, 1st is their higher education and 2nd is our comfortable retirement (if possible early retirement by age of 50). Pl guide, if I am on right path or need to amend the approach?

Ans: Hello;

You MF monthly sip(2023 onset)will grow into a sum of 1.47 Cr by the time you will be 50.

Add this to your estimated corpus expected from ULIP plan and you will get a better clarity for coverage on both the goals, kid's education and retirement corpus.

Leaving the ulip part aside, I feel you should double your monthly sip, or enhance it by 50% atleast, if you are planning for early retirement.

After 5-6 years reduce allocation to mid and small caps and increase allocation to large caps, debt and gold for balance and stability.

Happy Investing!!

*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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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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