Hello Investment/ Money Guru, I'm 46 years old, planning for one time investment ~8 LAK in NPS/ Mutual/ your suggestion. My objective to use this fund to add into my corpus during my retirement at 60 years, so ~15 years I will not use this amount. Can you please advise right investment options. Thank You!

Ans: It's great that you've started investing in NPS for your retirement. To achieve your goal of investing ?20,000 for both your future and your child's education, consider the following suggestions:

SIP in Mutual Funds:
Allocate a portion of ?20,000 towards SIPs in mutual funds. Opt for diversified equity funds for long-term growth potential.
Choose funds based on your risk tolerance and investment horizon.
Child Education Fund:
Create a separate fund or invest in child education-specific mutual funds or SIPs for your child's education.
Start a recurring deposit or systematic investment plan (SIP) to accumulate the desired amount by the time your child starts higher education.
Emergency Fund:
Set aside a portion of your monthly income for an emergency fund, aiming to accumulate 3-6 months' worth of expenses.
Consider a liquid or short-term debt fund for this purpose.
Insurance:
Ensure you have adequate life and health insurance coverage for yourself and your family to protect against unforeseen events.
Review & Adjust:
Periodically review your investments to track performance and make necessary adjustments.
Increase your investments gradually as your income grows.
Remember to maintain a balanced approach between equity and debt investments based on your risk tolerance. Consult a financial advisor to create a personalized investment plan tailored to your financial goals and situation.

Ans: As you wish to re-invest some amount received from your NPS. This is a responsible decision that can ensure a comfortable post-retirement life. We suggest you to invest the amount in different asset class such as mutual funds, bonds, FD etc in different allocation. It will help you to maintain the liquidity and stability at your portfolio in different market scenario and help you to grow your amount over the years.

You can also consult with a financial advisor for the personalized holistic financial planning as they will analyze your current financials, risk appetite, other assets & your goals and give you a clear idea about the investment.

Ans: Increase your SIP in mutual funds as with current investment of SIP you will be able to make 2.25 to 2.5 crore

Ans: Hello;

6-7 year time horizon for NPS may not be optimal.

Also after 60, you may withdraw maximum of 60% of your investment value while the rest 40% has to compulsorily be utilised to buy an annuity.

Happy Investing;