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Ramalingam Kalirajan5281 Answers  |Ask -

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

Asked on - Jan 24, 2024Hindi

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!
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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