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Last Updated : Apr 04, 2012 12:53 PM IST | Source: Moneycontrol.com

Money Matters with Lovaii Navlakhi

Lovaii Navlakhi, from International Money Matters advises investing after calculating 200 times of the monthly expenses of an individual who in this specific case is the sole earning member of his family.


Lovaii Navlakhi, from International Money Matters advises investing after calculating 200 times of the monthly expenses of an individual who in this specific case is the sole earning member of his family. She helps him understand how to arrive at the insured amount he wishes to achieve.


Q: I can invest Rs. 5,000 per month. I have two LIC policies. In the long term in 10 years, I would like to earn around Rs. 8-10 lakh. How should I allocate the money?

A: As per his query, if I do a simple calculation of something like 9.5% per annum will help him meet the goal of 10 lakhs in 10 years. But what I also notice is that he is the sole earning member. He mentioned that he has some investment in LIC and it

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First Published on Feb 14, 2012 09:10 pm
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