I am a salaried person My take home earning is 39.5K I have two daughter out of which elder one has completed teenage and second is teenager now. I am living on rent Please Suggest Some SIP funds name along with amount suggestion so that I can make my own home in next 10 years along with family liabilities. MY savings would be about 10 L - 11 L within six months.
Ans: You earn Rs. 39,500 per month. You have two daughters, one in her teens and the other has completed her teenage years. You live on rent and aim to buy a home in the next 10 years. Your savings will be about Rs. 10-11 lakhs within six months.
Investment Strategy
Monthly SIP Allocation
Given your goal of buying a home in 10 years, consider the following SIP allocations:
Large-Cap Funds: Allocate Rs. 5,000 monthly. These funds provide stability and steady returns.
Multi-Cap Funds: Allocate Rs. 5,000 monthly. These funds balance investments across different market capitalizations.
Hybrid Funds: Allocate Rs. 5,000 monthly. These funds mix equity and debt, balancing risk and return.
Mid-Cap Funds: Allocate Rs. 2,000 monthly. These funds offer higher growth potential with moderate risk.
Small-Cap Funds: Allocate Rs. 2,000 monthly. These funds can yield high returns but are riskier.
Lump Sum Investment
When your savings reach Rs. 10-11 lakhs, invest a portion in mutual funds and keep some as an emergency fund.
Emergency Fund: Keep Rs. 2-3 lakhs in a high-interest savings account or liquid fund.
Equity Mutual Funds: Invest Rs. 5 lakhs in a combination of large-cap, multi-cap, and mid-cap funds.
Debt Funds: Invest Rs. 2-3 lakhs in short-term debt funds for stability and moderate returns.
Diversification and Risk Management
Diversify Investments: Ensure your investments are spread across different asset classes to reduce risk.
Regular Monitoring: Review your investments periodically to ensure they are aligned with your goals.
Professional Advice
Consider consulting a Certified Financial Planner. They can help tailor a plan to your specific needs and risk tolerance.
Final Insights
Start monthly SIPs in a diversified portfolio.
Allocate lump sum savings wisely.
Diversify investments to manage risk.
Regularly monitor your investments.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
