Hi, I earn a net salary of Rs. 40,000 per month. I can manage to invest Rs. 5,000 per month. Kindly suggest a strategy to make a good investment plan.

Ans: AS per my understanding you can have the following funds
Mid cap - 20%
Small cap - 20%
Large and mid cap - 15%
Consumption fund - 10%
Multi cap - 10%
SBI children's fund investment plan - 10%
Short term fund - 10%
Term and medical insurance - 5% - Since you have kids and a loan.

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

Ans: kindly take a good family health cover
then buy at least 2 crores worth pure insurance
and start sips for Rs 40000 in total in UTI nifty 50 and ppfas flexi cap fund

Ans: Investments should have their foundation in asset allocation with equity, bonds (fixed income), gold and real estate being the primary asset classes.

It may be a good idea to start with index funds and then as you learn more about mutual funds, diversify into ELSS, blue chips, hybrid, and debt funds depending on you risk appetite, investment horizon and financial goals.

In addition, you must set aside some amount in a debt mutual fund or a recurring deposit to cater to near-term expenses and create a contingency fund for yourself.

Ans: You can start SIP in Mutual Fund

Ans: I can't recommend chit funds as an investment avenue due to potential risks and lack of regulation. Here's a roadmap for a job-free life by 40-42, considering your increased investment potential of 20-30k monthly:

1. Calculate Your Corpus:

Estimate your desired monthly income after quitting your job at 40-42. Factor in inflation over the next 8-10 years. Let's assume you target a monthly income of Rs. 40,000 in today's value (adjustable based on your needs).
Multiply your desired monthly income by 12 (months) to get your annual income target (Rs. 40,000 x 12 = Rs. 4,80,000 per year).
Consider the number of years you want to live on this passive income (retirement age onwards). Let's assume 25 years (adjustable based on your life expectancy).
Multiply your annual income target by the number of years to estimate the total corpus needed (Rs. 4,80,000/year x 25 years = Rs. 1,20,00,000).
2. Analyze Your Current Savings:

You're already investing Rs. 5,000-10,000 monthly. With a planned increase to Rs. 20,000-30,000, this signifies a positive saving pattern.
3. Investment Strategy:

Given your long-term goal (8-10 years), a mix of equity and debt instruments is recommended for growth potential and stability. Here's a sample allocation:
Equity Mutual Funds (60%): Invest in a mix of large-cap and multi-cap equity funds for capital appreciation. You can invest through a Systematic Investment Plan (SIP) to rupee-cost average and reduce risk.
Debt Mutual Funds (40%): Invest in debt funds like short-term or income funds for stability and regular income. This can act as a buffer.
4. Investment Options:

Consider opening an investment account with a reputable broker or Robo-advisor. They can recommend suitable mutual funds based on your risk tolerance and goals.
Explore options like Equity Linked Savings Schemes (ELSS) for tax benefits alongside regular mutual funds. However, remember ELSS also comes with market risk.
5. Review and Rebalance:

Regularly review your portfolio performance (at least annually) and rebalance if needed to maintain your desired asset allocation (60% equity, 40% debt).
Important Note:

This is a general framework, and consulting a SEBI-registered Investment Advisor is recommended. They can consider your specific financial situation, risk tolerance, and goals to create a tailored investment plan.
Here's a quick recap:

Calculate your target corpus.
Analyze your current savings.
Develop an investment strategy with asset allocation.
Choose suitable investment options.
Review and rebalance your portfolio regularly.
By following these steps, increasing your investments, and seeking professional guidance, you can increase your chances of achieving your goal of a job-free life by 40-42.

Remember, this is a long-term plan, and discipline is key. Stay invested, be patient, and adapt your strategy as needed.