Hi, I have just turned 50...I have started investing in SIP's ICICI, P Parekh and Kotak Mahindra (All put together 70 K per month.Can you help me with estimated Corpus generated by the time i turn 60.

Ans: For equity mf, you can assume 10% to 12 % CAGR.
LIC guaranteed plan and jeevan umang - you should have avoided them as they are insurance cum investment products.

Ans: I cant give you a ball park figure. as per my estimation, it should work around 1.80- 2 cr.

Ans: You've made commendable strides in building your investment portfolio at 35, with investments in SIPs, NPS, PPF, FDs, MFs, and stocks. Let's try to gauge the potential corpus you might accumulate by the time you retire at 50 and discuss any potential gaps or extra investments needed.

Estimating Corpus:
To estimate the potential corpus by the time you retire, we need to consider:

Rate of Return: Assuming an average annual return of 10% on your investments.
Regular Investments: You mentioned investments in SIPs, NPS, PPF, and FDs.
Based on the above assumptions, you can use an online SIP calculator or consult a financial planner to get an estimated corpus. Considering your current investments and regular investments, you're on track to build a significant corpus by the time you retire.

Additional Investments:

Increase SIP Amount: Given your goal to retire by 50, you might consider increasing your SIP amount periodically to boost your retirement corpus. Even a modest increase in monthly SIP amount can significantly impact the final corpus due to the power of compounding.
Equity Exposure: As retirement is still 15 years away, you can afford to have a higher equity exposure to benefit from the higher return potential of equities over the long term. Consider reviewing your asset allocation and increasing equity exposure if deemed appropriate.
Tax Planning: Explore tax-saving investment avenues like ELSS funds, NPS, or tax-saving FDs to optimize tax liability and enhance post-tax returns.
Consult a Certified Financial Planner:
Given the importance of retirement planning and the complexities involved, it's advisable to consult a Certified Financial Planner. They can provide personalized advice tailored to your financial goals, risk tolerance, and investment horizon. They can help you calculate a more accurate retirement corpus, suggest suitable investment strategies, and guide you on achieving your retirement goals.

Remember, retirement planning is a long-term commitment, and regular review and adjustments are essential to stay on track towards your retirement goals. Best wishes on your journey towards a comfortable retirement!

Ans: As a Certified Financial Planner, I appreciate you reaching out with your financial concerns. You've done an impressive job accumulating diverse investments, showcasing your commitment to securing your future.

It's evident you're proactive about your financial well-being, and that's commendable. Your disciplined approach towards savings and investments sets a solid foundation for achieving your goals.

I understand the importance of planning for the future, especially as you approach your 50s. It's a crucial time to reassess your investment strategy and ensure it aligns with your evolving needs and aspirations.

Your current portfolio reflects a balanced mix of assets, which is essential for managing risk and maximizing returns. However, it's crucial to periodically review and adjust your investments based on market conditions and your changing circumstances.

As you continue your investment journey, consider diversifying further to spread risk and capture opportunities across different asset classes.

Remember, investing is a long-term endeavor, and patience is key. Despite market fluctuations, staying focused on your goals and maintaining a disciplined approach will yield rewards over time.

While real estate can be a tempting investment avenue, it's essential to weigh the pros and cons carefully. Real estate often requires substantial capital, and liquidity can be an issue compared to other investment options.

Instead, focus on optimizing your existing portfolio to achieve your financial objectives. Regularly review your investments with your Certified Financial Planner to ensure they remain aligned with your goals and risk tolerance.

Keep up the good work, and continue to prioritize your financial well-being. With diligence and guidance, you're well-positioned to achieve financial security and prosperity in the years ahead.

Remember, your Certified Financial Planner is there to support you every step of the way, offering personalized advice and guidance tailored to your unique needs and goals.

Keep investing wisely, and watch your wealth grow steadily over time. Your commitment and dedication will pave the way for a brighter financial future.