Hi, Good Day, I'm 29 and working in IT industry. I have been investing recently,small amounts in Mutual funds and equity (long term) and have a total of 1.5 lakhs invested. I also have a PPF since 3 years which has 1.8 lakhs invested, I have a term insurance plan where i invest 3.5 k a month. I live in a rented house and making small investments. I want to develop a corpus of 10 crores in the next 15 years. I'm looking to up the game of investing in the coming days. I have a salary of 60 k/ month, please advise. Thank you

Ans: Evaluating Your Investment Goals
It's great to see your proactive approach towards investment at a young age. Let's assess your current financial situation and outline a plan to achieve your ambitious goal.

Current Investment Portfolio Review
Your investments in Mutual Funds and Equity demonstrate a willingness to explore growth-oriented avenues.
PPF investment showcases a balanced approach with a focus on long-term wealth accumulation.
Having a term insurance plan reflects your commitment towards financial protection.
Understanding Your Objectives
Your goal of building a corpus of 10 crores in 15 years is ambitious but achievable with the right strategy.
As an IT professional with a decent salary, you have the potential to enhance your investment game.
Crafting an Investment Strategy
To reach your target corpus, consider the following strategies:

Asset Allocation
Given your age and long-term horizon, emphasize Equity investments for higher returns.
Gradually shift your portfolio towards Equity Mutual Funds and Direct Stocks for wealth creation.
Systematic Investing
Continue investing systematically in Mutual Funds and Equity on a regular basis to benefit from rupee-cost averaging.
Maximize your PPF contributions to avail tax benefits and secure fixed returns over the long term.
Risk Management
Review your term insurance coverage periodically to ensure it aligns with your current financial needs and future goals.
Consider diversifying your insurance portfolio with additional products like health insurance for comprehensive coverage.
Increasing Investment Contributions
With a monthly salary of 60k, aim to increase your investment contributions gradually.
Allocate a significant portion of your disposable income towards your investment portfolio to accelerate wealth accumulation.
Continuous Learning and Adaptation
Stay updated with market trends and investment opportunities through regular research and learning.
Remain open to adjusting your investment strategy based on changing market conditions and personal circumstances.
Conclusion
Your proactive approach towards investment and clear goal-setting are commendable. By implementing a disciplined investment strategy focused on asset allocation, systematic investing, and risk management, you can work towards achieving your target corpus of 10 crores in 15 years.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in