Q. Dear Sir. My 40th birthday is approaching soon. My current salary package is around Rs.40 lakhs. However, in the name of investments, I only have accumulated some amount in my provident fund. Besides, I have acquired an apartment for which I am paying an EMI for last 7 years and still have to pay for eight more years. I have two young daughters and my wife is a house maker. Please suggest how can I secure my future. -Arun Singh, Mumbai
A. Dear Arun, “Better late than never”. First you need to ensure that you save at least 30% of your annual salary i.e. Rs. 12 lakhs in the whole year or Rs. 1 lakh per month. This amount of Rs. 12 lakhs should be prudently invested in a variety of schemes to ensure that your future is well secured and you are able to achieve all your important financial goals as well as take care of your retirement planning also.
We are suggesting you to split your savings of Rs. 12 lakhs in following investment/insurance schemes.
Please note that as you are approaching your 40th birthday, you must allocate 60% of your total savings in equity schemes by following the fundamental principle of financial planning that is 100 minus your age into equity. You should start five Sips of Rs 12000 each in different fund categories like large cap, mid cap, flexi cap and thematic fund etc. 10% of your total savings should be invested in Gold and that is why we are recommending you to invest Rs. 1.20 lakhs in Sovereign Gold bonds. We are confident that by taking these simple steps you will be able to secure a golden future for yourself. For more details, please contact the nearest Bajaj Capital branch and get your financial plan prepared.
Bu hikaye Investors India dergisinin December 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Investors India dergisinin December 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
Are You Drinking Too Much Coffee? If Yes, Then You Are Taking A Big Risk!
Coffee contains caffeine in maximum percentage:
LIC MUTUAL FUND
According to World Bank data, women represent 49.7% of the world population. In India, women represent 48.4% of the population but they contribute only around 18% of the GDP compared to 41% in China.
Maintain 15-20% exposure to US funds in your equity portfolio
2022 was a difficult year for stocks in the United States (US), particularly for the large tech companies known as FANG. Concerns about the Russia-Ukraine conflict, inflation, etc led to a significant drop in their values.
Systematic Investment Plan (Sip): Meaning, Benefits, How It Works
We all dream of buying a car, dream house, gadgets, etc. This all can come to reality if we have strong financial planning. One of the best options is to start investing in mutual funds through a SIP (Systematic Investment Plan).
How to repair your credit score
Fintechs have seen their personal loan portfolios rise at a humongous pace between 2017-18 and 2022-23. However, loans below Rs. 50,000 are showing signs of strain, according to a white paper brought out by Experian and the Digital Lenders' Association of India. If you have defaulted on a loan recently, here are steps you can take to repair your credit score.
Abhaya Here For Her Smile -
Ever wondered why brushing and flossing is so important? Well, it's not just about sparkling white teeth!
The Pathway to Building Wealth: Unlocking Prosperity through Strategic Knowledge and Investment Habits
Mr. Sanjiv Bajaj is the Jt. Chairman & MD, Bajaj Capital, building the platform for the Business leaders of the Financial Services and Advisory sector to exchange their vision, experience, and views on making the right financial decisions.
India's Economic Rise and the $10 Trillion Opportunity
In the last two years, India has been the fastest-growing major economy in the world.
"Consumption is one of the most attractive investment opportunities in India"
Q 1: Your take on the recent Household Consumption Expenditure Survey? Have you observed any great change in urban or rural consumption pattern?
Learn the Magic of Self-Talk There is perpetual self-talk taking place inside all of us
We listen when our self-talk happens in our minds; we listen to whatever is imprinted in our memories and our past conditioning. Many a time we do not hear exactly what the other person is saying, and we form an opinion.
