Sir ji. I am 45,with no savings till now., can u advice how, what way to invest to have approx 3cr by 60 and what shall the amount to be invested. I am earning 35lpa

Ans: You are 45 years old with no savings and aim to have Rs. 3 crores by age 60.

You earn Rs. 35 lakhs per annum.

It's great you are starting your financial planning now.

This goal is achievable with disciplined saving and smart investing.

Setting Clear Financial Goals
Having a clear financial goal is crucial.

You aim to accumulate Rs. 3 crores in 15 years.

Setting a clear target helps in creating a focused investment plan.

Calculating the Required Investment
To reach Rs. 3 crores in 15 years, let's calculate the required monthly investment.

Assuming an average annual return of 10% from a balanced portfolio, we can use the SIP (Systematic Investment Plan) calculator.

Systematic Investment Plan (SIP) Approach
Investing through SIPs in mutual funds is a disciplined approach.

SIPs allow you to invest a fixed amount regularly.

This approach benefits from rupee cost averaging and compounding.

Mutual Funds: A Key Investment Vehicle
Mutual funds are ideal for long-term wealth creation.

Equity mutual funds have the potential for higher returns but come with higher risk.

Debt mutual funds are less risky but offer lower returns.

A balanced or hybrid mutual fund invests in both, balancing risk and return.

Diversifying Your Investments
Diversification reduces risk by spreading investments across different asset classes.

A balanced portfolio might include equity mutual funds, debt mutual funds, and fixed deposits.

Diversification helps protect against market volatility.

Emergency Fund and Insurance
Before investing, establish an emergency fund.

Aim to save at least six months of expenses.

This fund covers unexpected expenses like medical emergencies or job loss.

Health insurance and life insurance are also crucial.

Health insurance covers medical costs, while life insurance secures your family's future.

Starting Your Investment Journey
Begin with assessing your monthly savings potential.

Create a budget to control expenses and increase savings.

Invest the surplus amount systematically in mutual funds through SIPs.

Creating a Balanced Portfolio
A balanced portfolio might include:

Equity Mutual Funds: For long-term growth potential. They have higher risk but can offer higher returns.

Debt Mutual Funds: For stability and lower risk. They offer moderate returns and reduce overall portfolio risk.

Fixed Deposits: For guaranteed returns and safety. Suitable for conservative investments.

Evaluating Risk Tolerance
Assess your risk tolerance before investing.

Equity investments come with higher risk but potential for higher returns.

Debt investments are safer but offer lower returns.

Understanding your risk tolerance helps in choosing the right investment mix.

Importance of Regular Review
Regularly review and adjust your investment portfolio.

Market conditions and personal financial situations change over time.

Periodic reviews ensure your investments remain aligned with your goals.

Tax Planning
Effective tax planning helps in saving money.

Invest in tax-saving instruments like Public Provident Fund (PPF) or National Pension System (NPS).

These not only provide returns but also offer tax benefits.

Consulting a Certified Financial Planner
Consider consulting a Certified Financial Planner (CFP).

A CFP can provide personalized advice based on your financial situation and goals.

They help in creating a comprehensive and tax-efficient investment strategy.

Calculating Monthly SIP for Rs. 3 Crores Goal
Assuming a 10% annual return, you need to invest a significant amount monthly.

Using a SIP calculator, the required monthly investment is approximately Rs. 67,000.

This figure might vary based on actual returns.

Adjusting Lifestyle and Increasing Savings
To meet the investment goal, you might need to adjust your lifestyle.

Identify areas where you can cut expenses and increase savings.

Prioritize your financial goal to ensure regular investments.

Benefits of Starting Early
Starting your financial planning at 45 still gives you a good runway.

The power of compounding can significantly grow your investments over 15 years.

Early and disciplined investing reduces financial stress and helps achieve your goals.

Conclusion
At 45, starting with no savings is challenging but achievable.

Set clear financial goals, create a balanced investment portfolio, and invest systematically through SIPs.

Regularly review your investments and seek guidance from a Certified Financial Planner.

Disciplined saving and smart investing can help you reach Rs. 3 crores by age 60.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: You are 63 years old now.
You have no loans or debts left.
Your current salary is Rs. 1.05 lakhs per month.
You are also receiving Rs. 44,000 per month as defence pension.
Additionally, your spouse gets Rs. 15,000 rent.
That rental and pension are used for regular household expenses.

You want to start investing Rs. 90,000 per month.
You want to invest this for the next 3 years.
This is a good and wise decision.
Though you started late, your savings power is strong now.
We can still build a meaningful retirement corpus.

At your age, capital protection is more important than high returns.
We must aim for moderate growth and regular income later.
You may not have very high risk capacity.
But your income power gives you a good base.

Let’s divide this investment goal into multiple parts.
Each part will serve a specific purpose.
This ensures balance and safety.

Start With Emergency Reserve
This is the first step.
You must create a proper emergency fund.
Life can throw surprises.
Hospitalisation, medical bills, or family needs may arise.

Right now, you have no savings.
You should not begin investing before this reserve is in place.

Set aside the first 2 or 3 months of surplus.
This will give you Rs. 1.80 to 2.70 lakhs.
You should keep this in a combination of liquid assets.

You can keep around Rs. 1.5 lakhs in your savings account.
You can place the rest in a sweep-in fixed deposit.
You can also use liquid mutual funds for this.
Do not use this for investing or expenses.
Use it only in case of real emergencies.

Get a Health Insurance Plan Now
You have a defence pension.
That may give you some health benefits.
Still, it is not always enough.
As you grow older, health costs rise.

You must buy a personal health insurance plan now.
Do not wait any longer.
It may become expensive or denied later.

Choose a plan that covers at least Rs. 5 to 7 lakhs.
Check if it includes annual check-ups.
Also confirm pre-existing disease coverage.
Buy it from a good insurer with solid reputation.

You can pay the yearly premium from your salary.
Don’t break future investments to pay premiums.

If possible, buy a second plan with family floater coverage.
This will help cover your spouse as well.

Create Monthly Income for Your Retirement
You will stop working after three years.
At that time, you will need regular income.
Your pension and rental income may not be enough.
So you must create a separate income stream.

Start investing now in monthly income mutual funds.
These are low-risk and give regular income.
They can start paying monthly income after three years.

From next month, invest Rs. 20,000 every month in this plan.
Continue doing this for the next 36 months.
This will build a stable monthly payout system.
You can use this income for living costs after your job ends.

Avoid index mutual funds here.
Index funds blindly follow markets.
They do not give regular income.
They don’t protect capital either.
Instead, use actively managed hybrid or conservative funds.

Also, never use direct funds.
Direct funds do not give guidance.
There is no help during market drops.
Use regular funds through a Certified Financial Planner.
You will get proper support and monitoring.

Plan for Liquidity for the Next Three Years
You need money to remain accessible also.
You should not block everything long term.
Some portion must remain semi-liquid.

You should start a second monthly investment.
Put around Rs. 25,000 every month here.
Use conservative hybrid funds or short-duration debt funds.
These have lower risk and decent returns.
Better than fixed deposits.

This money is not for monthly income.
But it will grow slowly and steadily.
You can withdraw part of this after 3 years.

This gives you flexibility.
You can use this pool for gifts, travel, or medical needs.
Even a part of this can be transferred to income funds later.

FDs are not ideal for all this.
They give lower post-tax returns.
Also, they have penalty on premature withdrawals.
Debt mutual funds give better flexibility and tax management.

Create a Small Equity Corpus for Long-Term Legacy
You are 63.
Still, you can have some equity exposure.
But only for long-term wealth creation.
Not for income or short-term goals.

You can invest Rs. 15,000 every month into equity mutual funds.
Use only actively managed funds.
Do not choose index funds.
Index funds give no downside protection.
They mirror the market blindly.
They don’t suit senior citizens.

Instead, use quality mutual funds with active managers.
They make portfolio changes when markets change.
They reduce losses in falling markets.

Keep this investment going for next 3 years.
Let this money remain untouched for another 7 years.
It will become a good gift to your spouse or children.
It also builds legacy wealth quietly.

Add a Small Gold or Cash Component
You can also invest Rs. 2,000 monthly in digital gold.
Or you can keep it as cash buffer.
This is optional, but gives comfort.
Gold helps as hedge during crisis.

You can use Sovereign Gold Bonds also.
But they have longer lock-ins.
So better to keep this small portion flexible.

Use Some Amount for Cash Reserves
Keep Rs. 5,000 each month aside.
This can be used for special spends.
Like birthdays, gifting, temple trips, or insurance premiums.
This creates balance.
You won’t need to withdraw investments for such spends.

Total Monthly Plan Summary
In simple words, here’s how you can split Rs. 90,000:

Use first 3 months for emergency fund

Keep Rs. 20,000 monthly for income fund

Invest Rs. 25,000 monthly in short-term debt fund

Put Rs. 15,000 monthly in equity mutual fund

Keep Rs. 2,000 for gold or cash

Use Rs. 5,000 for flexible buffer

This way, you are covering all needs.
No goal is left out.
You have income security, liquidity, growth, and safety.

Tax Planning and Withdrawals
After 3 years, you will begin using these funds.
Plan your withdrawals properly.

If you withdraw equity mutual funds after 3 years:

Long-term capital gains above Rs. 1.25 lakhs are taxed at 12.5%

Short-term gains taxed at 20%

Debt fund gains will be added to your salary.
They will be taxed as per slab.
So hold them for at least 3 years.
This reduces tax outgo.

Also, don’t withdraw everything at once.
Withdraw small amounts.
Use Systematic Withdrawal Plan (SWP).
This reduces tax and keeps investment growing.

Things You Must Avoid
Don’t put full Rs. 90,000 in FDs

Don’t go for real estate or land buying

Don’t invest in index funds or ETFs

Don’t invest in direct mutual funds

Don’t choose annuity plans

Don’t buy endowment or ULIP insurance

Don’t invest in aggressive stocks now

Don’t lend money to relatives without planning

Don’t depend on corporate health plans alone

Focus fully on your own safety and retirement.

Documents and Legal Planning
Make sure to prepare these also:

Joint bank account with spouse

Nomination in all mutual funds and accounts

Create a simple Will

Update Aadhar and PAN linkage

Keep insurance documents accessible

These small steps reduce confusion later.

Finally
You are starting at 63.
But you have steady income.
You have no loans.
Your household expenses are handled.

You can build strong financial support in just 3 years.
Split your Rs. 90,000 monthly across different goals.
Don’t take high risk.
Don’t follow trends or hot tips.
Use only actively managed regular mutual funds.
Invest through a Certified Financial Planner.

Your actions today will secure next 20 years.
It’s never too late when discipline is strong.
Wishing you a happy, healthy and stress-free retirement.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: You already built a solid foundation. Many investors delay planning. But you started early at 36. That gives you a strong advantage. You have no liabilities. You have long term thinking. You also have diversified savings like PPF, NPS, Emergency funds and direct stocks. That shows clarity and discipline. This approach builds wealth with less stress over time.

You also started systematic investments in equity funds. That is a positive step. Your selection covers multiple categories like large cap, mid cap, small cap, flexi cap, hybrid and precious metals. So the intent is right. You are trying to create a broad portfolio. That gives balance.

» Your Portfolio Composition Understanding
Your current SIP list includes:

Small cap

Mid cap

Flexi cap

Large cap

Large and mid cap

Hybrid category

Gold and Silver FoF

Equity and Debt allocation fund

Dynamic hybrid fund

This shows you are trying to cover many segments. But too many categories can create overlap. When there is overlap, you get confusion during review. It also makes portfolio discipline difficult. You may think you are diversified. But the holdings inside may repeat. That reduces efficiency.

Your portfolio now looks like:

Equity dominant

Hybrid for stability

Metals for hedge

So the broad direction is fine. But simplifying helps in long-term habit building.

» Fund Category Duplication
You hold:

Two flexi cap funds

One large and mid cap fund

One pure large cap fund

One mid cap fund

One small cap fund

Flexi cap funds already invest across large, mid, small. Then large and mid also overlaps. So the large cap exposure gets repeated. That may not add extra benefit. But it increases monitoring complexity.

So I suggest rationalising. Keep one fund per category in core. Keep satellite space for only high conviction.

» Core and Satellite Strategy
A structured portfolio follows core and satellite method.

Core portfolio should be:

Simple

Long term

Stable

Satellite portfolio can be:

High growth

Concentrated

Based on your thinking level, you can structure like this:

Core funds:

One large cap

One flexi cap

One hybrid equity and debt fund

One balanced advantage type fund

Satellite funds:

One mid cap

One small cap

One metal allocation if needed

This division gives clarity. You can continue SIPs with review every year. No need to stop and restart often. That reduces behavioural mistakes.

» Your Current SIP List Review with Suggested Streamlining

You can consider continuing:

One flexi cap

One large cap

One mid cap

One small cap

One balanced advantage

One equity and debt hybrid

You may reconsider keeping both flexi caps and both gold silver funds. One of each category is enough. Because too many funds do not increase returns. It complicates tracking.

Precious metal funds should not be more than 5 to 7 percent in your portfolio. This is because metals are hedge assets. They do not create compounding like equity. They act as protection during cycles. So keep them small.

» How to Use the Rs 6 Lakh Lump Sum
You asked about lump sum investing. This is important. Lump sum should not go fully into equity at one time. Markets move in cycles. So use a staggered method. You can invest the lump sum through STP (Systematic Transfer Plan). You can keep the amount in a liquid fund and set STP toward your chosen growth funds over 6 to 12 months.

This reduces timing risk. It also creates discipline. So your Rs 6 lakh can be deployed gradually. You may use 50% towards core equity funds and 30% toward satellite growth category. The remaining 20% can go into hybrid category. This gives balance and comfort.

» Regular Funds Over Direct Funds
One important point many investors miss. Direct funds look cheaper. But they demand deep knowledge, discipline, and behaviour control. Most investors lose more through emotional selling and wrong timing than they save on expense ratio.

With regular funds through a Mutual Fund Distributor with Certified Financial Planner qualification, you get guidance, structure and correction. The advisory discipline protects you during market extremes. That is more valuable than a small saving in expense ratio.

A personalised planner also tracks portfolio drift, rebalancing need and category shifts. So regular fund investing gives long-term benefit and behaviour coaching.

» Actively Managed Funds over Index or ETF
Some investors choose index funds or ETF thinking they are simple and cheap. But they ignore drawbacks.

Index funds or ETF will not avoid weak companies in the index. They will invest whether the company grows or struggles. There is no fund manager decision making. So when markets are at peak, index funds continue aggressive exposure. In downturns also they fall fully. There is no cushion.

Actively managed funds work with research teams. They can avoid bad sectors. They can shift allocation based on market and economy. Over long term, this gives better alpha and stability. So continuing with actively managed funds creates better wealth compounding.

» SIP Continuation Strategy
Once the rationalisation is done, continue SIPs every month without interruption. Pause and restart behaviour damages compounding power. SIP works best when you go through all market cycles. You benefit more during corrections because cost averaging works.

So continue SIP amount. You can also review SIP increase every year based on income. Increasing SIP by 10 to 15 percent every year helps you reach large corpus faster.

» Asset Allocation Based Approach
One key point in wealth creation is having the right asset mix. Equity gives growth. Hybrid gives balance. Metals give hedge. Debt gives safety. Your asset allocation should stay aligned to your risk profile and time horizon.

Since you are young and have long term horizon, higher equity allocation is fine. But as time moves, rebalancing is important. Rebalancing protects gains and restores allocation.

So review your asset allocation every year or during major life events like child birth, home buying or retirement planning.

» Behaviour Management
Many portfolios fail not due to bad funds. They fail due to bad decisions. Selling during correction. Stopping SIP when market falls. Chasing past return performance. These mistakes reduce wealth.

Your discipline so far is good. Continue to stay patient during volatility. Equity rewards patience and time.

» Financial Goals Clarity
Since you have no children now, you can decide your long-term goals. Typical goals may include:

Retirement

Future child education

Dream lifestyle purchase

Health care reserves

When goals are clear, investment purpose becomes stronger. So you can map each fund category to goal horizon. Short-term goals should not use equity. Long-term goals should use equity with hybrid support.

» Role of Review and Monitoring
Review once in a year is enough. Frequent review can create anxiety. Annual review helps check:

Fund performance

Expense drift

Category relevance

Allocation balance

Then adjust only if needed. This progress helps you stay confident and aligned.

» Taxation Awareness
Equity mutual funds taxation rules are:

Short term (below one year holding) taxable at 20 percent

Long term (above one year holding) gains above Rs 1.25 lakh taxable at 12.5 percent

Debt mutual funds are taxed as per your income slab.

So always hold equity funds for long term. That reduces tax impact and gives better growth.

» SIP Increase Plan
You can create a simple plan to increase SIP over time. For example:

Increase SIP at every salary increment

Increase SIP during bonus time

Use rewards or extra income for investing

This habit accelerates wealth. So by the time you reach 45 to 50 years, your investments could reach a strong level.

» Insurance and Protection
Before investing large, ensure you have term insurance and health insurance. If not already done, it is important. Insurance protects wealth. Without insurance, even a small medical event can impact investment plan. So review this part also. Since you are married, cover both.

» Wealth Behaviour Mindset
You are already disciplined. Just keep these simple principles:

Invest without stopping

Review once a year

Avoid funds overlap

Follow asset allocation

Avoid reacting to media noise

This helps you reach long term milestones.

» Finally
You are on the right track. Only fine tuning and simplification is needed. Your discipline is visible. Your portfolio will grow well with structure, patience and periodic review. Use the Rs 6 lakh with STP approach. And continue SIP with rationalised categories.

With time and consistency, wealth creation becomes effortless and peaceful. You just need to stay committed and avoid overthinking during market movements.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.youtube.com/@HolisticInvestment