Hello Sir,
I am 37 yo and want to start Investing (Though i know it's bit late) approx 40k a month. Can u please suggest me a balanced approach by which I can create approx 15-20 crores in next 25 years (i.e. by the time I will be 62/63 yo).
P.S. i am already investing 15k pm in one of the retirement plan (Market linked) of Tata AIA sice last one year. I am planning to invest additional 40k now. (I have 2 daughters [one is 7 yr and other one is 1 year old]) need to keep there future i view also.
Request your guidance for better future please.
Ans: Given your age and investment horizon of 25 years, it's still possible to accumulate a substantial corpus. Here's a balanced approach:
Equity Mutual Funds: Allocate a significant portion to equity funds for growth potential. Diversify across large-cap, mid-cap, and multicap funds to balance risk and return.
Debt Mutual Funds: To balance the portfolio and reduce volatility, allocate a portion to debt funds or fixed income instruments.
Retirement Plans: Continue your current retirement plan and consider adding more market-linked plans or pension schemes for retirement income.
Children's Education and Future: Invest separately for your daughters' future needs, considering their education and other expenses.
Review and Rebalance: Regularly review and rebalance your portfolio to align with your goals and risk tolerance.
Given your existing investment and additional 40k/month, a disciplined approach and regular review can help you achieve your target. Consult a financial advisor for a personalized investment plan tailored to your needs.
