Namaskar Vivek Sir, I am Sanjay Kumar and of 46 years old. I am a salaried person and working in private sector with 1.75 lacs salary/month. I have a corpus of 1.5 cr in various instruments like MF, NPS , PPF, Corporate bonds and banks FD
I have started my journey in mutual funds for the last 3 years and wanted to continue up to 8/10 years. I am inviting in Bonds approx 600000/year. I wanted to retire in 2030 and desired a pension of 75000/month
Sir please suggest me is it possible.
My MF details
1. Axis small cap 5800/month
2. ICICI Prudential pure equity retirement 5400/month
3. HDFC retirement pure equity fund 5400/month
4. SBI Contra 5300/month
5. Quant Mid Cap 5000/month
6. Nippon India large cap 5000/month
7. Mahindra Manulife Small cap 5000/month
Ans: Namaste Sanjay Kumar ji,
Firstly, commendations on diligently planning for your retirement and making strides in your investment journey over the past few years. Your dedication to securing your financial future is truly admirable.
Considering your current corpus and ongoing investments, achieving a pension of 75,000 per month by 2030 seems feasible. However, it's crucial to review and possibly optimize your investment strategy to align with your retirement goals effectively.
Here are some suggestions to help you stay on track:
• Diversification: Continue diversifying your portfolio across different asset classes to mitigate risk and enhance potential returns. Explore options beyond mutual funds, such as debt instruments, to maintain a balanced portfolio.
• Review and Rebalance: Regularly review your investment portfolio to ensure it remains aligned with your risk tolerance, investment horizon, and financial goals. Rebalance your portfolio as needed to address any changes in market conditions or personal circumstances.
• Focus on Retirement-oriented Funds: Consider reallocating some of your investments towards retirement-oriented funds specifically designed to generate stable income post-retirement. These funds typically prioritize capital preservation and income generation, which aligns with your goal of securing a monthly pension.
• Professional Guidance: Consult with a Certified Financial Planner (CFP) to fine-tune your retirement plan and optimize your investment strategy. A CFP can provide personalized advice tailored to your unique financial situation and aspirations.
Remember, achieving your retirement goal requires discipline, patience, and periodic reassessment of your financial plan. Stay committed to your investment journey, and you'll be well-positioned to enjoy a financially secure retirement.
