28 February 2021
Queries
Zyed Khan, Mumbai, zyedkhan11@gmail.com
I am 40, and the sole earning member of my family with a monthly income of Rs 2 lakh. Please recommend a few investment options with a mix of equity, debt, and fixed income. My estimated withdrawals are for the following: 2028 - Rs 30 lakh for my elder daughter’s graduation 2031 - Rs 60 lakh for elder daughter’s post-graduation 2030 - Rs 1 crore for buying a home 2035- Rs 60 lakh for my younger daughter’s graduation 2038 - Rs 1 crore for my younger daughter’s post-graduation 2036 - Rs 50 lakh for my elder daughter’s wedding 2044 - Rs 70 lakh for my younger daughter’s wedding Retirement- Rs 1.5 crore for non-provident fund, and Rs 2 crore for provident fund
For your first requirement, you will have to invest Rs 25,000 in a Systematic Investment Plan...