Hello sir ,
I want to.make corpus of 2Crores my salary is 1lakh and have a all emi of rs 45000 per month, I request you to kindly give me plan for for the best investment for next 10 to 15 years
Ans: Given your salary and current financial commitments, we can create a structured and balanced investment strategy.
Current Financial Snapshot
Monthly Salary: Rs. 1 lakh.
EMI Commitments: Rs. 45,000 per month.
Available for Investment: Rs. 55,000 per month.
Your goal is to build a corpus of Rs. 2 crores in 10 to 15 years. Let's break this down into actionable steps.
Savings and Budgeting
First, ensure a disciplined approach to saving and investing:
Emergency Fund: Set aside 6 months of expenses in a savings account or liquid fund.
Monthly Savings Goal: Allocate Rs. 55,000 for investments consistently.
Investment Strategy
To achieve your target, a diversified and balanced investment portfolio is essential:
Equity Mutual Funds
High Returns Potential: Equity mutual funds can offer high returns over the long term.
Actively Managed Funds: Opt for actively managed funds to potentially outperform the market.
Systematic Investment Plan (SIP): Start SIPs with a significant portion of your monthly savings.
Debt Funds
Stability and Low Risk: Debt funds provide stability and lower risk compared to equity.
Balanced Approach: Allocate a portion of your savings to debt funds for a balanced portfolio.
Systematic Investment Plan (SIP): Consider SIPs in debt funds to maintain consistent investments.
Hybrid Funds
Mix of Equity and Debt: Hybrid funds offer a balance of growth and stability.
Medium Risk: Suitable for moderate risk appetite.
Systematic Investment Plan (SIP): Start SIPs in hybrid funds to diversify your investments.
Tax Planning
Optimize your investments to minimize tax liabilities:
Tax-Saving Instruments: Use instruments like ELSS for tax benefits under Section 80C.
Diversify Investments: Spread investments across different instruments for tax efficiency.
Regular Portfolio Review
Monitoring and adjusting your portfolio is crucial:
Periodic Review: Review your portfolio with a Certified Financial Planner every 6 months.
Rebalancing: Adjust asset allocation based on market performance and financial goals.
Risk Management
Ensure adequate risk management for financial security:
Health Insurance: Maintain comprehensive health insurance coverage.
Life Insurance: If you have dependents, secure life insurance for their financial protection.
Investment Discipline
Maintaining discipline is key to reaching your goal:
Consistent Investments: Stick to your investment plan without interruption.
Avoid Timing the Market: Focus on long-term growth rather than short-term gains.
Stay Informed: Keep yourself updated on market trends and investment options.
Final Insights
To achieve a corpus of Rs. 2 crores in 10 to 15 years, follow a disciplined investment strategy. Save and invest Rs. 55,000 monthly in a mix of equity, debt, and hybrid funds. Optimize your investments for tax efficiency. Regularly review and rebalance your portfolio. Ensure adequate risk management through insurance.
You are on the right track with a clear goal. Stay focused, disciplined, and regularly consult with a Certified Financial Planner to adjust your strategy as needed.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
