The advice given is based on the performance of the fund, risk profile of the investor as well as his financial goals.
I. Ankit Pratap Singh is investing for several goals. Here’s what the doctor advised her:
aim
portfolio
portfolio check-up
- invested in share Fund since 2017. Funds are good but should book profits for near term target.
- A loan of Rs 8-10 lakh would also be required for the plot.
- Factor in inflation correctly. The cost of education is increasing by 10% annually, the cost of living is increasing by 7%.
note from doctor
- 74 years old is short. Plan for 20-25 years in retirement.
- The goals did not include the marriage of a second child.
- Review investments and rebalancing at least once a year.
II: Change of credit for short term target
Rajneesh Dubey is saving for marriage, his child’s college and retirement. Here’s the doctor’s advice:
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portfolio
portfolio check-up
- Investing in stock and equity funds for several years but book profits in between.
- Funds are good, but investment needs to be increased.
- The near term marriage goal should be to redeem the shares and move into debt.
- Provident fund balance is low. Don’t hold back before retirement.
- Select the option of maximum equity exposure in the NPS account.
- Review investments and rebalancing at least once a year.
Assumptions Used in Calculations
inflation
Education expenses: 10%
For all other targets: 7%
Return
Equity Fund: 12%
Loan Option: 8%
MyMoneyMantra Managing Director and Founder Raj Khosla analyzes the portfolio
write us for help
If you would like your portfolio to be examined, write to etwealth@timesgroup.com with the subject “Portfolio Doctor”. Mention the following information:
Names of funds held by you.
Present value of investment.
If your SIP is running in any of these.
Financial goals for which you have invested.
How much do you need for each financial goal?
How far is each target?