Hello Sir, I want to invest 25k monthly in SIP with retirement and child education as investment goal . I am also planning to step up the SIP amount every year after I get the increment. Could you please tell me in which MF fund should I invest and how much should I increase the SIP amount very year. Target corpus ( investment horizon - 15 years) Retirement (least amount ) - 4-5 Cr Child Education - 4-5 Cr My wife is also working and can invest 15k more in addition to above amount.

Ans: It's great to see your proactive approach towards planning for your financial future. Your dedication to investing is commendable.
Starting an SIP with 5k per month is a wise decision to create a retirement corpus of 1 crore. Additionally, generating 30 lakhs in 10 years to close your housing loan is a smart goal.
Considering your existing SIPs in Quant Active Fund, Quant ELSS Tax Saver Fund, and ICICI Prudential Corporate Bond Fund, you have a good foundation. However, to diversify your portfolio and align it with your goals, you may want to consider the following suggestions:
1. Equity-oriented funds with higher growth potential can help you achieve your long-term goals. Look into diversified equity funds or multi-cap funds for exposure to various segments of the market.
2. Since your investment horizon is long-term, you can afford to take slightly higher risks for potentially higher returns. Adding more equity-oriented funds can help you achieve this.
3. To generate the required amount for your housing loan closure in 10 years, you may need to increase your SIP amounts gradually. Consider reviewing your financial situation periodically and increasing your SIP contributions accordingly.
4. As a Certified Financial Planner, I recommend staying disciplined with your investments and adhering to your financial plan. Regularly review your portfolio's performance and make adjustments as needed to stay on track towards your goals.
By diversifying your portfolio and gradually increasing your SIP amounts, you can work towards achieving your financial objectives effectively.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

Ans: I cannot suggest you any particular product, as i dont know your risk profile or your networth or cashflows.

Ans: Building Your Retirement Corpus and Closing Your Home Loan: A Two-Pronged Approach
Starting an SIP at 32 is a great decision! Let's analyze your current situation and suggest ways to achieve your goals:

Current SIPs:

Diversification: Your existing SIPs cover some diversification with a large-cap fund (Quant Active), tax-saving (Quant ELSS), and a debt fund (ICICI Prudential Corporate Bond).

Goal Alignment: Review if your existing SIP allocations are aligned with your goals. Consider increasing the debt fund SIP for your short-term goal (closing home loan).

Reaching Your Goals:

Retirement Corpus: Creating a ?1 crore corpus in a specific timeframe requires considering factors like investment horizon, risk tolerance, and expected returns. A CFP can help with calculations based on realistic assumptions.

Home Loan Closure: Generating ?30 lacs in 10 years is achievable with a focused approach. Debt funds and balanced funds can be suitable options, offering stability and some growth potential.

SIP Allocation and Increase:

Debt SIP Increase: Consider increasing your SIP in ICICI Prudential Corporate Bond Fund (or a similar debt fund) to accelerate your home loan closure.

New SIP for Retirement: Start a new SIP for retirement, focusing on equity funds with a longer investment horizon. Actively managed equity funds involve experienced fund managers who try to pick stocks to outperform the market. Actively managed funds come with higher fees compared to passively managed funds.

Risk Tolerance: Choose a mix of equity funds (large-cap, mid-cap) based on your risk tolerance. A CFP can help you determine the ideal asset allocation.

Professional Guidance:

Personalized Plan: A Certified Financial Planner (CFP) can create a detailed SIP plan considering your risk tolerance, financial goals, and existing investments. They can recommend specific debt and equity funds based on your needs and suggest appropriate SIP amounts for each goal.
Remember:

Regular Review: Review your SIPs (at least annually) to ensure they remain aligned with your evolving goals and risk tolerance.

Market Fluctuations: Equity markets are volatile. Stay invested for the long term to ride out market ups and downs.

By taking action now, diversifying your SIPs, and potentially seeking professional guidance, you can work towards achieving your financial goals!

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in