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I earn 1 Lakh/month, pay 30,000rs for a home loan. How much to invest for a 5cr corpus in 25-30 years?

Milind Vadjikar |237 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 28, 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 - Sep 25, 2024Hindi

Money

I am earning 1 lakh per month, I pay 30000rs per month for home loans how much money should I invest in mutual funds so that I can get a corpus of around 5cr in 25-30 years

Ans: You may do a sip of 22 K for 25 years or a sip of 12 K for 30 years to reach your corpus of 5 Cr, as desired. Modest return of 13% assumed from a pure equity fund.

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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I want to build corpus of 10 crores by the time I turn 60 now my age 39. How much should I invest monthly in Mutual Funds. Anitha

Ans: Hi Anitha, thanks for writing to me. You will need to invest Rs.90,000 every month to create a corpus of Rs.10 Crore in 21 years.

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Hi I am 35yrs old. I have 10L savings as Cash and 5L as Mutual Funds & Shares. If I need a corpus of 1cr at age 50 and monthly income of 75k, how much should I invest, my income in 2L per month?

Ans: Based on your cash flows and assets, we have the following observations and recommendations:

Emergency Fund: It is generally recommended to maintain a cash reserve of 3-6 months of living expenses to cover unexpected financial needs.

Investments: Any excess funds beyond your emergency fund should be invested in financial instruments that are appropriate for your risk tolerance and financial goals. Your financial advisor can help you develop a diversified investment portfolio that meets your individual needs.

Investment Amount: As per the objective, you will require an amount of Rs. 2.46 crores at the age of 50 to meet both of your requirements. You can invest with a combination of both bulk & SIP. You can go ahead with putting Rs. 7 lakhs as bulk (keeping aside Rs. 3 lakhs as a contingency) and the rest amount can be catered to with a SIP of Rs. 51,000 p.m. Through this, you can have a corpus of Rs. 1 crore as bulk and a monthly income of Rs. 75,000 till the age of 75.

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Asked by Anonymous - Aug 28, 2024Hindi

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I purchased an under-construction residential apartment in February 2024 and sold my other residential apartment in August 2024. Thus both the transactions have happened in different financial years and purchase of property has happened not only before the sale of another property but also in previous financial year. Will the capital gains made out of the property sold are tax-free considering the fact that property purchased was of significantly more value than the sale price of the other property?

Ans: Yes. You are entitled to claim exemption for the apartment purchased in February-2024, against Sale of your other apartment in August-2024. This is within time limit of one year, in which you are supposed to purchase a new residential property to be eligible for exemption u/s 54.
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Asked by Anonymous - Aug 30, 2024Hindi

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If I sell shares of my public limited company which I bought at 10 Rs in 1995 sold at 300 rs in 2024 How much is capital gain tax in percentage I have to pay ? Secondly if I buy a Pvt limited Company shares from same amount Will u have to still pay tax as I don’t want to buy a residential property

Ans: 01. LTCG on Sale of securities shall be taxable @ 12.50%, if the sale is effected after July-2024. However, you would be entitled to a basic exemption of Rs.1.25 lakhs, from LTCG.
02. LTCG on Sale of securities, shall not be exempted, if you buy shares of Private limited company, with the same amount of capital gain.
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What are the STCG tax saving instruments available for Sale of property within 1 Yr....

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What are the STCG tax saving instruments available for Sale of property within 1 Yr.

Ans: 01. Unlike LTCGs, there is no specific Tax Saving Instruments, in case of STCGs.
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I become a senior citizen this year. My annual income is as follows. I got 3 lacs ltcg from mutual fund and 2 lac from other source.I want to know 1.25lacs ltcg is exempt from tax . Will I have to pay tax for remaining 1.75 lacs.

Ans: 01 You have correctly assessed that you will have to pay LTCG tax on remaining Rs.1.75 lakhs.
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Hi Hi am 68 years old retired government employee in 2002 I had purchase a flat at 3.5 lack. Recently on May 2024 I have sell that flt on 21.50 .all the money I have given to my son who had purchased a new flat.can I pay capital gain tax.if yes then how much.

Ans: 01. Since you have sold the flat in May-2024, applicable LTCG tax would be @20%, with indexation.
02. You are liable to declare LTCG in your ITR & pay tax accordingly.
03. Exact tax amount payable by you can't be calculated in absence of detailed info about your Income from all sources & Tax Savings etc.
04. you can gift your son this sale amount, who may utilize the same in a way he likes.
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Asked by Anonymous - Sep 26, 2024Hindi

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Hi Sir, I have been investing in Mirae Asset Emerging Fund - Dir since 4 years, recently this has changed to Mirae Asset Large & Midcap fund, post this I see the fund is not doing good in its category, now I want to move this fund to Mirae Asset Equity Saving Fund-Dir, so what should be my way to do it, I have earned over 8L interest in this fund, so there will be Capital gain associated with this. please suggest the way do it, should I do STP and withdraw some amount to pay for Capital gain, please suggest.

Ans: If your horizon is 5+ years from here onwards then I feel you should stay invested in the current fund(Mirae Asset Large and Midcap fund).

You may think about migration if your targeted time horizon is close. If this is so then you may consider transfer as proposed.

You may use partial profit to clear the LTCG liability incurred due to this transfer.

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hi... i have a flat in thane and its been on rent fro 6-7 years ...we are executing the contact every 11 months ..is it ok to keep the tenant fro so long or i need to change the tenant... or he may claim the property if there any law like that

Ans: 01. It is fine that you keep on executing new contract after every 11 months. This system seems to be safe. However, you may give a gap of one or two months, while renewing the contract. This is just to ensure that lease period is not continuous for a long period. You need not change the tenant as he has no right to claim your property, merely because, he has been your tenant for few years.
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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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