Ans: Hi Value Investor. Thanks for discussing your requirements and future goals. For the goal of 7-8 Lakh., you can easily start sip in mf of around Rs.15000 in categories like large & midcap, Multicap , Mid cap and Balanced Advantage Funds etc. Starting with Rs.15000 on a monthly basis can help you achieve the Child Education goal.

Ans: Overall health is determined by lean mass and not fat. You have an ectomorph body type - lean, with little body fat, and little muscle. You can be skinny but you must build muscle mass. This can be done by regular weight training exercises and a high protein diet. Being a vegetarian, you can have good protein sources from dairy products, pulses and legumes, nuts, soya, whole grains, etc. Fast and junk foods will only help you gain fat and elevate your blood lipid levels.

Ans: It's not sufficient to achieve your goal of 30 Lakh in 2-3 years with SIP of 30000

Ans: How one partner views the financial status of the other and how the couple handles it is very personal. If financial status is a cause of concern in the relationship, then both partners need to take a hard look at the equation to determine if they are happy in the relationship, is the relationship meeting their expectations as individuals or partners.

Ans: Hi Mahipal
This action will get covered under the clubbing of income provisions and your wife's income from the investment will get added to your income

Ans: Assuming that you have 13 years to retire, it would be good for you to invest in equity products and then use 4-bucket strategy for generating the required regular income for your retirement needs. You can read here about the bucket strategy: https://www.moneycontrol.com/news/business/personal-finance/bucket-strategies-to-plan-income-from-retirement-corpus-9541101.html

You will need to invest about Rs 21,000 per month to reach your target of Rs 1 Crore in 13 years if you invest in a good portfolio of equity mutual funds. I would recommend you to stay away from direct equity if you do not have a prior knowledge and experience of stock market investing. And you would have a much bigger corpus at your disposal, if you increase this monthly investment by about 10% per year as your salary increase.

But please remember that:-
1. You should be comfortable with investing in stock markets and its regular gyrations.
2. Do not attempt to time the market by trying to get out or get it at any supposedly ‘opportune’ moments – it doesn’t work so.
3. Inflation at about 6% per year will continuously deplete the value of your money. SO be very sure that your calculation of Rs 1 Crore is sufficient to give you the required monthly income month-after-month. Eg, if you require Rs 50,000 today for your monthly expenses, 13 years later, you will require you will require about Rs 1.07 Lakhs for the same standard of living.

Ans: Usually ready to move in properties are priced on the higher side compared to the under construction properties. If you have liquidity that you expect in the construction period, it would reduce your loan requirement.
However, one needs to be very careful about going with a builder who has a good track record of on-time completion.