Hello, I am 57 and retired last month. I need a safe heaven to invest my EPF money ( Rs 85 Lacs) and have Rs 15 Lacs in Stocks. I live in my own house and have a Rs 20 Lacs education loan to clear. The interest + capital will start from Apr 2025. I have a Rs 10 Lacs + Top.up of Rs 25 Lacs Health Insurance for me and my wife ( paying Rs 60 Lacs as Premium). I have a Term Insurance of Rs 1 Cr ( paying Rs 36000/ yearly premium. Kindly advise , as to how do i go about my retired life upto 80 yrs

Ans: Hello, you can make a balanced portfolio of mutual funds of Rs.1cr
Assuming a ROI of 12% , you will get a swp of rs.50000 a month at 6%, maximum you should withdraw 7% as swp in emergency scenarios.
If loan is in the picture, your monthly expenses will not be covered adequately if you stay in a city like mumbai so I would suggest you to pay off the loan and have 80L in assets and enjoy 6% of it yearly.
You can select the following funds for your mutual fund portfolio
Small cap - 20%
Mid cap - 20%
Large and mid cap - 20%
Multicap - 20%
Equity hybrid - 20%

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

Ans: Given your financial goals and current situation, here's a suggested investment strategy:

Home Construction Fund (2028): Since you aim to build a home by 2028, you'll need to save aggressively for this goal. Consider investing in a mix of equity mutual funds and debt instruments to accumulate the required Rs. 80 lakhs by diversifying your investments.

Education Fund for Daughters (2028 & 2031): Allocate a portion of your savings towards education funds for your daughters. Start separate SIPs or investments earmarked for these goals to accumulate the required Rs. 25 lakhs for each daughter's education by the specified years.

Retirement Corpus: To retire comfortably with a good corpus in hand, you need to estimate your post-retirement expenses. Since your current monthly expenditure is Rs. 50,000, factor in inflation and other lifestyle changes to determine your future expenses. Consider consulting a financial advisor to assess your retirement needs accurately.

Investment Options:

Equity Mutual Funds: Given your long-term investment horizon, continue SIPs in equity mutual funds for wealth accumulation. Choose a mix of large-cap, mid-cap, and multi-cap funds based on your risk tolerance and investment objectives.

Debt Instruments: Since retirement planning involves preserving capital and generating regular income, allocate a portion of your investments towards debt instruments like PPF, debt mutual funds, and fixed deposits to provide stability to your portfolio.

NPS: Continue contributing to NPS to build a significant retirement corpus. Monitor your NPS investments regularly and adjust asset allocation based on market conditions and your risk appetite.


Term Insurance and Health Cover: Ensure adequate coverage for your family's financial security. Consider enhancing your health coverage post-retirement to mitigate medical expenses.

Regular Review: Regularly review your investment portfolio and adjust your asset allocation as needed to stay on track with your financial goals.

It's essential to periodically reassess your financial plan and make adjustments based on changing circumstances, market conditions, and personal priorities. Consider consulting a certified financial planner to create a comprehensive financial plan tailored to your specific needs and goals.