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Ramalingam Kalirajan5281 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 23, 2024

Asked on - Jan 24, 2024Hindi

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Hi Sir . I am a 41-year-old woman with a monthly income of 1.4 Lakh. I have a 14-year-old son. I haven't invested in mutual fund investments before and seek your guidance on how much to invest and in which mutual funds. My financial goals are as follows: Accumulate 6 crores before retirement (in the next 17 years). Save 1 crore for my son's higher education in the next 7 years. Set aside 50 lakhs for my son's marriage in the next 12 years. My current investments include: PPF - 1.5 Lakhs per annum for the last 5 years. VPF - 1.6 Lakhs per annum for the last 2 years. NPS - 10,000 per month for the last 1 year. I would greatly appreciate your advice on how to structure my mutual fund investments to achieve these goals Thank you
Ans: You've set commendable financial goals, laying a strong foundation for your future and your son's. Given your monthly income and current investments, it's essential to strategize wisely for optimal growth.

Considering your long-term goals, a diversified approach is crucial. Start with an equity-heavy portfolio for the long-term goals, aiming for higher returns, while keeping a balanced approach for the medium-term goals like your son's education.

For your retirement corpus of 6 crores in 17 years, an equity-heavy allocation is advisable, as equities historically offer better returns over the long run. For your son's education and marriage, consider a balanced allocation between equity and debt to balance risk and return.

Remember, investing is a journey, not a destination. Regularly review and adjust your portfolio based on life changes, market conditions, and financial goals. A financial advisor can provide personalized guidance, ensuring you stay on the right path towards achieving your dreams. Happy investing!
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