Financial planning

[Rohan Jadhav]

Hello to everyone

I'm new on this site...recently i visited this siTe and i am happy to read the important articals ... Thanx a Lot.. keep it up

Myself Rohan From- Thane (Maharashtra)
Age- 31 yrs
A.I.- Upto 3 Lac
Son- 2 Yrs

I want to Invest Rs 7000 PM in mutual fund through SIP for long term

Goals
1- Child Education- 30 to 40 Lac ( 15 to 18 yrs)
2- New Home Down Paymnt - 10 to 12 Lac ( 5 yrs )
3- Retirement Planning - Yet not decided (Confused)

Invested Amt -
1-Term Plan - 60 lac Prem.6K (Aviva-i-life) Since 2012
2-Mediclaim Floater -2Lac Pem.5K ( ApolloMunich) Since2010
3-Jeevan Saral - SA- 2.5Lac Prem. 12 K ( LIC ) Since 2012
4-ULIP-Group Unit Link Plan- Prem.12 K (Bajaj Allainze) Since 2011
5-New Bima Kiran- SA-1 Lac Prem. 1 K ( LIC ) Since 2002
6- RD - IN Co-Oprative Bank- Prem - 2 K ( FOR 2 YRS ) - 2012

## HDFC TOP 200 - 1000 PM Sonce 2011
## ICICI FOCUSED BLUECHIP- 1000 PM Since 2011.

Regards,
ROHAN
(M)- 09819xxxxxx

[Madhura]

Goals
1- Child Education- 30 to 40 Lac ( 15 to 18 yrs)
2- New Home Down Paymnt - 10 to 12 Lac ( 5 yrs )
3- Retirement Planning - Yet not decided (Confused)

Child Education -
If you invest 6,940 per month for a period of 18 years then you will get 40 Lakhs in 18 year @ 10% return (I feel that's only possible).
Use this calculator - http://www.policywala.com/reincalculator.php

New Home Down Payment -
If you invest 15,550 per month for a period of 5 years then you will get 12 Lakhs in 5 year @ 10% return (I feel that's only possible).
Use this calculator - http://www.policywala.com/reincalculator.php

Retirement Planning -
Check this calculator - http://www.policywala.com/reincalculator.php

Do also consider inflation in your calculation.

You can check short and long term investment options -
Short term investment options
FDs, PPF, RD

Long term -
- Both HDFC Top200 and ICICI Focused Blue-chip Equity are large cap funds
- IDFC Premier Equity Fund plan-A(G) is mid and small cap so good for long term.

[Madhura]

Also add Gold in your investment portfolio.