Saving For A Secure Future

Regular saving and investing for the long haul are critical for achieving a realistic goal of returns

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Vishal Khosla, 41, is married to Arti, 40. They have two daughters. The family lives in Noida while Khosla runs a successful consultancy business in Delhi. Due to the nature of his business, Khosla has not been able to predict his cash flow through the year. As a prudent measure, he pulls out profits from his business to pay for household expenses, and he parks the rest in bank fixed deposits (FD). He has never invested in stock markets and is not familiar with investment products other than FD and Public Provident Fund (PPF). Apart from owning the house where the family lives and his office, he has FD and PPF balance of ₹15 lakh. He does not own any other assets. He needs to save for his daughters’ education and marriage, now aged 7 and 11. He also needs to save for his retirement.

When Khosla approached us at Moneygain, the key challenges in front of us were:

Lack of subject knowledge

Non linear cash flows

Low asset base