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Chat Transcript
06 Sep 2012 - 16:00hrs hrs
Harshvardhan Roongta | CFP
Financial planning and asset allocation
Chat Transcript
| ajai_mp: Hi Harshvardhan, I m 30 yr old married male. * I have once Term plan from LIC; planning to take another online term plan from Religare * Since last 3 months i have started SIP on below MFs: - DSP BR Top 100 Reg (G) [3k Monthly] - HDFC Top 200 (G) [3k Monthly] My goals: 1. Retirement after 30 yrs : 1 cr 2. Kids education after 20 yrs: 30 lakh 3. Flat in Bangalore 5-6 yrs: 45 lakh Please let me know which more fund to include and how much to invest in order to achieve the goals easily. TIA, A |
| Harshvardhan Roongta: Term Plan: You may compare premium rates with other Insurers also such as ICICI, HDFC, Kotak etc. Aegon Religare has a very poor claim settlement ratio. 2) Retirement: Rs. 6K per month for 30 yrs will become about Rs. 3.20 Crs @ 14% CAGR. Map these two schemes for retirement purpose only as 1 Cr may be too little after 30 yrs considering inflation. 3) Kids Education - Invest about Rs. 2500 p.m in Franklin India Index Fund - BSE Sensex Plan. Continue SIP into this fund till the end of 20 yrs as this is a passively managed fund 4) House: Assuming you will avail of a housing loan, you need to accumalate a corpus for down payment (20%), so any surplus (including PLI/bonuses etc )start investing in Debt products. |
| harshadsharma19: hello, i m looking for long term investment. so please help me |
| Harshvardhan Roongta: Equities are considered to be the best investment option over the long term. If you are comfortable investing directly in equities, buy fundamantly sound companies and hold, or use the Mutual Fund route. Invest only that portion of your total money in equities which you will not need to withdraw even in case of an emergency. Do a proper Asset Allocation before investing. |
| shaahul21: Hi Sir, I am Shaahul, 29 and I investing in equities for my long term goals(Retirement/Child education). However I am not investing in Debt based investments at this time and planning to do at a later point of time(at the age of 35). Is it ok to have this type of approach? |
| Harshvardhan Roongta: Maintain a spread in both Equity & Debt. Equities for long term and Debt for any emergency or for short term needs. The ratio in which you allocate in each asset class depends on specifics of your case. To begin with try an maintain about 25% of your investments in Debt. |
| scorpion.rka: Good Evening, I am 42 yrs. of age and earning 40000 p.m. i dont have cash in hand or savings. what should i do for wealth creation and planning for retirement in next 5 yrs. please help. |
| Harshvardhan Roongta: Take a deeper look into your expenses. Classify them into Mandatory, non mandatory etc. Cut down on your non-mandatory expenses and try to invest that amount. 5 yrs is very little time to accumalate the entire corpus as may be required for retirement. What seems more appropriate at this stage is to work beyond 47 yrs age and extend that for another 10 yrs - till your age 57-58 yrs |
