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Reetika

Reetika Sharma  |626 Answers  |Ask -

Financial Planner, MF and Insurance Expert - Answered on Sep 16, 2025

Reetika Sharma is a certified financial planner and CEO of F-Secure Solutions.
She advises clients about investments, insurance, tax and estate planning and manages high net-worth individual’s portfolios.
Reetika has an MBA in finance from the Institute of Chartered Financial Analysts of India (ICFAI) and an engineer degree from NIT, Jalandhar.
She also holds certifications from the Financial Planning Standards Board India (FPSB), Association of Mutual Funds in India (AMFI) and Insurance Regulatory and Development Authority of India (IRDAI).... more
Asked by Anonymous - Sep 08, 2025Hindi
Money

I am 41 year old person currently unemployed but having monthly rental income of Rs 1,30,000 from owned commercial property in Delhi.As per my financials Commercial Property worth Rs 7 crores,Fixed Deposit Rs 23 lakhs and PPF Rs 4.5 lakhs.I am planning to buy a residential property in Noida budget Rs 1 crore out of which parents fund me 40 lakhs rest Loan Against Property.After I get a job how much invest in SIP and shares to get a corpus of Rs 3 crores when I turn 55, my expected salary should be around 70k per month plus rental income Rs 117000(130000-10%TDS).I have a ongoing personal loan Rs 16599 EMI per month 20 EMI gone current outstanding loan Rs 5,67,000.Please advise on financial planning my current monthly expenses are Rs 70,000 includes EMI.

Ans: Hi,

I would like to congratulate you for a very good passive income that is more than your expenses at such age. Commendable!

However, you still want to generate a corpus of 3 crores in 14 years and buy a residential property.

Let us look at some calculations:
60 lakhs loan for new residential property : Monthly EMI Rs. 60k for 14 years

3 crore corpus in 14 years: 60k per month SIP (assuming CAGR of 14%)
or you can do a steup SIP starting from 40,000 for 14 years.
Both will give you 3 crore when you turn 55.

Your monthly income = 70k + 117k = 187k
Your monthly expenses = 70k + 60k + 40k + 17k = 177k

It is almost equal. But before following all of it, make sure to have an emergency fund of 3-6 months expenses. Your current FD of Rs 23 lakhs can be reserved for the same.

Make sure you have ample life and health insurance coverage for yourself and family. It will healp your savings in difficult times.

For your monthly SIP of 40k, consider a mix of equity and hybrid funds so that you can get the assumed CAGR.

I would suggest you to consult a Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your goals and risk profile.

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

Reetika Sharma  |626 Answers  |Ask -

Financial Planner, MF and Insurance Expert - Answered on Oct 04, 2025

Asked by Anonymous - Sep 30, 2025Hindi
Money
I'm 39 years old. I've two kids(Elder son & younger daughter), 11yrs and 8yrs. My yearly take home salary is 24lacs. I've a home loan of 26k EMI and still 24.5lacs pending. Current property value is 70lacs. I'm getting rent of 12k from it. I have another property loan (Commercial building loan), EMI of 44lacs pending with EMI of 52.5k. I'm getting rental income of Rs 60k from this. Apart from this I have 10lacs local loan, for which I'm paying 27k everymonth. This local 10lac loan will be over in another 2yrs. I've just started a SIP few months ago for 16k (8k in ICICI thematic FOF & 8k in ICICI multi asset). I'm planning to start another SIP for 19k every month. I plan to afford 20lacs max for each kid for thier education. Also I guess I may need 75lacs for my daughters wedding and 25lacs for my son's wedding. I wish to retire at the age of 50. I also have Term insurance for 1.5crores. Can you please tell whether the SIP of 35k is enough or do I need to invest more every month?. Also can you please suggest category of fund which I have to invest based upon my need and time of requirement.
Ans: Hi,

You should have an emergency fund of 3-6 months worth expenses along with a health insurance as well.

SIP of 35k for 11 years will only give you 1 crore when you turn 50.

You need to invest to your full capacity to achieve an early retirement. Try to invest 50k per month with a step up of 10% to retire at 50.

For kid's marriage, start another SIP of 25000 for next 20 years. You will get 3 crores for marriage goal.

In both cases, choose equity mutual funds.
Your existing choice of 2 funds is not good. Choose large cap and multi cap fund to diversify and refrain from choosing any sectoral fund like thematic FOF. Take a professional guidance as doing it without professional's help can prove otherwise.

Hence 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.

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

..Read more

Purshotam

Purshotam Lal  |86 Answers  |Ask -

Financial Planner, MF and Insurance Expert - Answered on Oct 16, 2025

Asked by Anonymous - Sep 30, 2025Hindi
Money
I'm 39 years old. I've two kids(Elder son & younger daughter), 11yrs and 8yrs. My yearly take home salary is 24lacs. I've a home loan of 26k EMI and still 24.5lacs pending. Current property value is 70lacs. I'm getting rent of 12k from it. I have another property loan (Commercial building loan), EMI of 44lacs pending with EMI of 52.5k. I'm getting rental income of Rs 60k from this. Apart from this I have 10lacs local loan, for which I'm paying 27k everymonth. This local 10lac loan will be over in another 2yrs. I've just started a SIP few months ago for 16k (8k in ICICI thematic FOF & 8k in ICICI multi asset). I'm planning to start another SIP for 19k every month. I plan to afford 20lacs max for each kid for thier education. Also I guess I may need 75lacs for my daughters wedding and 25lacs for my son's wedding. I wish to retire at the age of 50. I also have Term insurance for 1.5crores. Can you please tell whether the SIP of 35k is enough or do I need to invest more every month?. Also can you please suggest category of fund which I have to invest based upon my need and time of requirement. I also have PF balance of around 16lacs and I contribute around 20k everymonth (EePF+ErPF). I have NPS for 5000/- pension.
Ans: As per the given information, per month available fund for investment is estimated to be Rs 42000 approx., considering household expenses of 40% (Rs 1.088 L) of your gross monthly earnings. Further the marriage cost may rise @ 8% inflation to Rs 277.50 L after 17 Years for daughter and Rs 73.43L for your son after 14 years. Since you wish to retire by age 50, your investments will stop at that age. To provide for that monthly Equity MF SIP of Rs 66K shall be required and 50K Equity MF SIP for Education is required for your daughter & son till your age 50. You currently has an MF SIP of 16K, which is much short of the target per month investment. Your PF balance is likely to accumulate at current interest rate of 8.25% pa with monthly contribution of 20K, to Rs 81 Lakh. Which is also too less for your comfortable retirement. Available options are to think of retirement age of 58 Years and also reduce your monthly household expenses, reduce provision for child marriages and also to increase monthly SIP every year by say 10% as your income rises. It is also suggested to take a good family floater health insurance policy. Good Luck.

Purshotam, CFP®, MBA, CAIIB, FIII
Certified Financial Planner
Insurance advisor
www.finphoenixinvest.com

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Career Counsellor - Answered on Apr 15, 2026

Asked by Anonymous - Apr 14, 2026Hindi
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Sir me bcs final year me hu aur mujhse mba Krna he to kaise kya tyari kre aur sir me up board ka student hu private college mil jye jiski fees normal ho aur me cover kr lunga iske liye me kis chej ki tyari kru
Ans: For affordable, decent private options in UP and nearby (Delhi-NCR), focus on institutes like Jaipuria (Lucknow/Noida), BIMTECH Greater Noida, IMS Ghaziabad, ABS Noida, and similar AICTE-approved private colleges that provide clear information on fees and placements. Many of these have total fees in the 6–14 lakh range with average packages around 5–8 LPA, which is “normal” compared to premium schools. Typical eligibility is a recognised bachelor’s degree (any stream, including BCS) with at least 50% marks (45% for reserved categories) and a valid score in at least one entrance test such as CAT, MAT, CMAT, XAT, or the state exam (like UPCET/its successor) or the institute’s own test; selection then adds Group Discussion/Personal Interview/Written Ability Test. As a UP Board student, your board does not limit your chances; what matters is your graduation percentage, entrance score, and performance in the interview. From now on, you should prepare for one low-to-moderate difficulty MBA entrance exams. Shortlist 10–12 private colleges in UP/Delhi-NCR with fees and average placements that match your budget, then track their application dates and processes through official college and state counseling sites. ALL the BEST for Your Prosperous Future!

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