Hello i am a homeopathic doctor aged 27 still doing my MD( final year) I have a evening clinic started newly i earn about 45-50k per month and as get stipend i nearly get 40k per month i have a 6 months old daughter and i have 14 lakhs savings of own 10 lakhs in equity 60k gold bonds ,1.2lakhs in US equity and 50k in corporate bonds and 2.5lakhs in savings account apart from this i have 24 lakhs in hybrid mutual fund ( this i got after my fathers death)may be in couple of months i will be getting another 90 lakhs by selling a property my future biggest expense will be my daughters education as i have a desire to send her to abroad for her UG itself my biggest question how to manage 90 lakhs for my secured future

Ans: Strategic Financial Planning for a Secure Future
Congratulations on your career progress and the new addition to your family! At 27, with a good income and a mix of investments, you're in a strong position to plan for a secure financial future and your daughter's education. Let’s delve into how to manage the upcoming Rs. 90 lakhs from the property sale effectively.

Assessing Your Current Financial Position
Existing Investments and Savings
Equity Investments: Rs. 10 lakhs
Gold Bonds: Rs. 60,000
US Equity: Rs. 1.2 lakhs
Corporate Bonds: Rs. 50,000
Savings Account: Rs. 2.5 lakhs
Hybrid Mutual Fund: Rs. 24 lakhs
Monthly Income
Evening Clinic: Rs. 45-50k
Stipend: Rs. 40k
You have a diversified portfolio, which is a good start. Your biggest future expense is your daughter’s education, especially if she studies abroad.

Managing the Rs. 90 Lakhs Property Sale
Prioritizing Financial Goals
Daughter’s Education Fund
Emergency Fund
Retirement Planning
Wealth Growth and Diversification
Detailed Financial Strategy
1. Establish an Emergency Fund
An emergency fund is crucial for unforeseen circumstances. Aim to save 6-12 months of your living expenses in a liquid and safe account.

2. Education Fund for Your Daughter
Given your desire to send your daughter abroad for her UG, start a dedicated investment plan.

Child Education Mutual Funds: These funds are tailored for long-term educational goals. They offer potential for significant growth over time.
SIPs (Systematic Investment Plans): Invest monthly in mutual funds. This will average out market volatility and provide disciplined savings.
Debt Funds: For the portion of funds needed in the short term (next 5-8 years), consider debt funds for lower risk and stable returns.
3. Retirement Planning
It’s never too early to plan for retirement. Diversify your investments to ensure a comfortable retirement.

Equity Mutual Funds: Continue investing in equity mutual funds for long-term growth. Choose funds that suit your risk profile.
PPF (Public Provident Fund): PPF is a safe, tax-saving investment option with a decent interest rate.
NPS (National Pension System): Consider NPS for additional retirement savings with tax benefits.
4. Wealth Growth and Diversification
Diversified Portfolio: Maintain a diversified portfolio across different asset classes – equity, debt, gold, and international funds.
Avoid Over-reliance on One Asset: Avoid putting all your money into one type of investment. Diversification reduces risk.
Monitoring and Adjusting Your Investments
Regular Reviews
Annual Reviews: Review your portfolio annually to ensure it aligns with your goals.
Adjust Allocations: Rebalance your portfolio based on performance and changing goals.
Professional Guidance
Certified Financial Planner (CFP): A CFP can provide personalized advice and help you stay on track with your financial goals.
Regular Consultations: Meet with your CFP regularly to adjust your strategy as needed.
Avoid Common Pitfalls
Over-Reliance on High-Risk Investments
Avoid putting too much money into high-risk investments like stocks or volatile mutual funds. Balance risk with stable options.

Ignoring Inflation
Ensure your investments outpace inflation, especially for long-term goals like education and retirement.

Not Having a Clear Plan
Having a clear, well-structured financial plan is crucial. Stick to your plan and make adjustments as needed.

Conclusion
With a clear financial strategy and disciplined approach, you can secure a prosperous future for yourself and your daughter. Start by setting up an emergency fund, then focus on dedicated investments for education and retirement. Regularly review and adjust your portfolio with the help of a Certified Financial Planner to stay on track.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in