Sir . I m Retired person ,I wanted to Invest 60 L in monthly income plan Rs 70000/ Apporx Pl suggest for Returns

Ans: Hello Value Investor. You can consider frequent dividend paying schemes in Balanced Advantag category

Ans: Given your age and requirement for monthly income post 52 years, investing ?10 lakhs in retirement-focused funds like HDFC and SBI Retirement Savings Funds for 10 years is a good start. Ensure to choose growth or dividend options based on your preference for reinvestment or regular income. Additionally, consider diversifying with debt funds or fixed deposits for stability and regular income. Consulting a financial planner can provide personalized advice tailored to your retirement goals.

Ans: Your consistent monthly investments since 2017 reflect admirable financial discipline. Let's review your current investments and suggest potential adjustments to align with your future goals.

Review of Current Investments
1. SBI MF Monthly Investment:

Allocation: ?5,000 monthly.
Assessment: SBI Bluechip Fund may offer stability and consistent returns, suitable for long-term wealth creation.
2. Kotak Small Cap Fund:

Allocation: ?2,500 monthly.
Assessment: Small cap funds offer high growth potential but come with higher risk due to volatility.
3. Mirae Asset ELSS:

Allocation: ?2,500 monthly.
Assessment: ELSS funds provide tax benefits with potential for equity market growth. Suitable for long-term goals.
4. ICICI Pru Fund:

Allocation: ?2,500 monthly.
Assessment: Depending on the specific fund, ICICI Pru offers a range of options catering to different risk profiles.
5. SBI Blue Chip Fund:

Allocation: ?1,500 monthly.
Assessment: Provides exposure to bluechip companies, offering stability and steady returns.
6. PPF and NPS Investments:

Allocation: ?10,000 in PPF and ?5,000 in NPS monthly.
Assessment: PPF and NPS offer tax benefits and retirement savings, contributing to long-term financial security.
Potential Adjustments and Suggestions
1. Review of Existing Funds:

Performance Check: Evaluate the performance of your current funds against benchmarks and peers.
Risk Assessment: Consider your risk tolerance and investment horizon when assessing the suitability of each fund.
2. Optimal Allocation:

Strategic Rebalancing: Consider rebalancing your portfolio to align with your financial goals and risk tolerance.
Diversification: Aim for a well-diversified portfolio across asset classes and investment styles.
3. Additional Investments:

Increase Monthly Contributions: Since you aim to increase your monthly investment to ?1.50 lakh, consider allocating the additional funds strategically.
Asset Allocation: Ensure a balanced allocation across equity, debt, and other asset classes based on your risk profile and financial goals.
4. Professional Guidance:

Engage a Certified Financial Planner (CFP): Seek personalized advice from a CFP to optimize your portfolio and ensure it aligns with your long-term objectives.
Financial Planning: A CFP can help create a comprehensive financial plan considering your income, expenses, goals, and risk tolerance.
Final Thoughts
Your current investment strategy demonstrates a commitment to long-term wealth creation and financial security. To optimize your portfolio for your future goal of increasing your monthly investment to ?1.50 lakh, consider reviewing the performance of your existing funds and making strategic adjustments. Seeking professional guidance from a Certified Financial Planner can provide valuable insights and ensure your investments are on track to meet your goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: Hello Rupali and thanks for writing to me. I am assuming that you are investing for the long term.

You can consider starting SIP's in equity funds as follows:

Rs.2000 SIP in Multi Cap Funds
Rs.2000 SIP in a Flexi Cap Fund
Rs.2000 SIP in a Small Cap Fund.

Annual step ups will help you create a large corpus.