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Ramalingam Kalirajan5092 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 25, 2024

Asked on - Apr 25, 2024Hindi

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I am 36 years old, married. I am investing 45k per month on SIP ( 22k Nifty 50 UTI, 10K parag parekh, 8k SBI small cap, 5k Mid cap) , 10k in PPF, 7k NPS, 5k on stocks as investment. I have EPF as well 16k per month. I am planning to buy a house and I also I pay rent of 16k currently. I have a small flat of home loan 14k. Sir plz do let me know if my investment choice is fine or not. Also I want to have a pension of 70k-1 lac when I retire in my home town.
Ans: It's commendable to see your commitment towards saving and investing at such a young age. Let's delve into your current investment strategy and future goals.

Your SIP investments across different categories indicate a diversified approach, which is good. However, it's essential to review the performance of these funds periodically and ensure they align with your risk tolerance and financial goals.

The allocation towards PPF and NPS reflects a mix of long-term savings and retirement planning, which is a prudent move.

Considering your plan to buy a house and current home loan, it's crucial to balance your investments with your liabilities. Also, with rent and EPF contributions, ensuring sufficient liquidity for short-term needs and emergencies is vital.

For your retirement goal of having a pension of 70k-1 lac, you might want to consider increasing your NPS contributions or exploring other pension-oriented investment avenues.

A Certified Financial Planner can provide personalized advice tailored to your financial situation, goals, and risk tolerance. They can help you optimize your investment portfolio, guide you on balancing investments with your future home purchase, and align your retirement savings with your desired pension.

Remember, financial planning is a dynamic process, and it's essential to review and adjust periodically to stay on track towards your goals. Best wishes for your financial journey ahead!
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