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Sanjeev Govila442 Answers  |Ask -

Financial Planner - Answered on Dec 06, 2023

Asked on - Nov 30, 2023Translate

I am 35, govt employee with having inhand salary of 1 lakh /month. I have a term plan of 1 cr and the medical facility is provided by the office covers both OPD and IPD. I have a home loan EMI of Rs 20000, 15 lakh are still to be paid, and Investing about Rs 9000 in mutual funds Quant tax saver-2500, Quant small cap-2000, Nippon small cap-2000, Mirae Asset emerging bluechip funds-2500 corpus of 2.5 lakh is generated. 10% of basic is been deducted in NPS. Please review my portfolio and suggest to me which funds and stocks, to have a balanced and diversified portfolio for maximum gain. I should repay my home loan have an interest rate of 9.55% or invest. Please help me to fix the amount I should repay in the loan and the amount I should invest to generate a corpus of 2cr in 20 years by means of stocks, SGB, mutual funds, and other instruments & average monthly expenses amount. I have realized that I am investing after spending so expenses are higher, it should be investing first and the remaining amount to be spent. Help me to have balanced diversified portfolio of multiple instruments to achieve the goal of 2 CR. Long-term Goal (20 years) Amount Retirement (other than NPS) 1cr Child education (2) 40 lakhs Child Marriage (2) 60lakhs Pankaj
Ans: Your current portfolio is well-diversified across different asset classes, including mutual funds, NPS, and an Insurance.

However, there is a significant high allocation to small-cap funds, which tend to be more volatile. By replacing Quant Small Cap Fund, you can add Parag Parikh Flexi Cap Fund (Returns variation can be seen but the risk exposure reduced drastically)

We do not have your home loan details. So, in brief if you have paid EMIs for more than half of the loan tenure then it is not advisable for prepayment considering financial mathematics. But it is good from a psychological aspect.

To achieve a corpus of 2 Cr. In 20 Years, you have to do monthly investment of Rs. 20,000 @ 12% p.a. It is achievable by selecting Equity and Hybrid Mutual Funds with right risk to reward ratio.
For achievement of other goals, complete details are not mentioned.

I would advice you to take the help of a good financial advisor and plan for the future properly.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.


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