Hi I am 47 year old male, need to plan for my retirement and savings for my children 2, aged 8 and 10. Can invest 1.5 l per month. please guide me on where and how much to nvest with time lines

Ans: Hello Priyanka Agrawal. With multiple goals in the vision, it would be best to set goals first along with risk appetites for each and also quantify them to start with the investments. Start investing accordingly.

My recommendation would be to invest in categories such as midcap, small cap, and flexi cap funds when you have such a long time horizon. Additionally 25-30% CAGR is unrealistic over such a long horizon.

Ans: Hi Ravi, I understand your vision is for retirement and child education. With a lump sum amount of 15 lakh, you can invest in categories like large cap, Flexi cap, large & mid cap, mid cap fund, etc.

STP would be a better alternative to lump sum if you want to take advantage of markets. Also, to achieve the goal of Rs 5 crore, you may start investing 50k monthly in sip mode for the next 15 years.

Ans: 1. Please term insurance to cover your life.
2. Take a separate mediclaim policy in addition to the one provided by your employer.
3. Start SIP in mutual funds. 70% in equity funds, 25% in debt funds, and 5% in Gold Funds. ( this will help you build corpus for Kids education and retirement)
4. Review your portfolio with a professional financial planner periodically.

Ans: Please do SIP in 2-3 good equity mutual funds.

Ans: Given your investment horizon for retirement and your sons' education, you have a long-term horizon which allows you to consider equity-oriented mutual funds for potentially higher returns. Here are some suggestions tailored to your needs:

For Retirement (Long-Term):
Large Cap Funds: These funds invest in well-established companies, offering stability and growth potential. Given your longer investment horizon, consider allocating a portion to large-cap funds to provide stability to your portfolio.
Multi-Cap Funds: These funds offer diversification across market capitalizations and are suitable for long-term wealth creation. They can adapt to different market conditions, providing flexibility to the fund manager.
For Sons' Education (Medium to Long-Term):
Balanced Funds or Hybrid Funds: These funds invest in both equities and debt, offering a balance between growth and stability. They can be suitable for medium to long-term goals like your sons' education.
Children's Gift Funds or Children's Education Funds: Some mutual funds offer specific funds designed for children's future needs, providing a tailored solution for education expenses.
Considering your investment amount and goals, you can consider investing in a combination of the above-mentioned funds to achieve diversification and align with your financial goals. Here's a potential allocation:

Large Cap Funds: 40%
Multi-Cap Funds: 40%
Balanced or Hybrid Funds: 20%
Remember, it's essential to review your investments periodically and adjust your portfolio as needed based on performance, changing financial goals, and market conditions. Consult with a financial advisor to ensure your investment strategy aligns with your financial goals, risk tolerance, and investment horizon.