Varsha Das is only 26 years old and works in the IT sector in Kolkata, earning Rs 59,000 per month. His portfolio of Rs 27.08 lakh includes a house of Rs 20 lakh, cash of Rs 1.7 lakh, equity fund Loans in the form of Rs 2.38 lakhs, and Rs 2.2 lakhs to EPF and Rs 80,000 to debt funds. She has a gold loan of Rs 70,000 for which she is paying an EMI of Rs 3,000. Her goals include building an emergency corpus, buying a house, saving for her marriage and retirement, and building a retirement corpus for her mother.

According to Fincart, Das should first repay the gold loan of Rs 70,000 along with his cash holdings. This will free up Rs 3,000 for investment. Thereafter, he should create an emergency corpus of Rs 2 lakh, which is equal to his six months’ expenses. For this, she can allocate Rs 1 lakh in cash and debt funds. To make up for the shortfall, she can either save the surplus before starting Investment Or build a corpus as and when he has enough money. This amount should be invested in short duration funds.

Das wants to get married in three years and needs Rs 9.5 lakh. She can allocate her equity fund corpus for this and start an SIP of Rs 16,074 in debt funds. For his mother’s retirement in eight years, Das would need Rs 32.1 lakh and invest Rs 21,342 in equity funds.

However, due to lack of surplus, she can start with a SIP of Rs 5,000 and increase the amount after the increase revenue And fulfilling your marriage goal. Das also wants to buy a house in four years, but due to lack of surplus, he must increase the target to 10 years. For a house worth Rs 71.6 lakh, she can allot her assets, which will fund 50% of the amount. For the balance amount, she can take a loan and the EMI can be funded from the increase in income.

Das wants to retire at the age of 50, but he has to push it back due to lack of surplus. In view of his current expenses and inflation, he will need Rs 4.4 crore and for this he should allocate his PF fund. In addition, he will have to start an SIP of Rs 11,907 in an equity fund after the increase in income.

for life Insurance, she has a term plan of Rs 50 lakh for which she is paying a monthly premium of Rs 512. According to the need-based principle, it does not need any further wrappers. For health insurance, he has a cover of Rs 5 lakh provided by his employer. Fincart suggests that he buy the Rs 10 lakh plan and Rs 90 lakh top-up plan for which he will have to pay a premium of Rs 878 per month.

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