I am 35 with a salary of rs 64400/month.I put rs 33382/month in uti nifty 50 index fund direct plan growth option &rs 3500 in general provident fund.The current valuation of equity is rs 3288905 & debt is rs 433714.Can I achieve goals like retirement in 2048 & child higher education in 2036? Regards, Santu Mondal
Ans: It's commendable that you're planning for your future! With your current savings rate and investment allocation, achieving your goals is feasible. However, to ensure success, consider the following:
Goal-specific Investments: Allocate your investments towards retirement and your child's education separately. Consider diversified equity funds for long-term growth and debt funds for stability closer to your goal timelines.
Regular Review: Periodically review your portfolio's performance and adjust allocations as needed to stay on track towards your goals.
Professional Advice: Consulting a Certified Financial Planner can provide personalized guidance tailored to your financial aspirations and help optimize your investment strategy.
With prudent planning and disciplined investing, you're well-positioned to achieve your retirement and education goals. Keep up the good work!