How can I, a 39-year-old unmarried man earning Rs 1.05 lakh monthly, reach a goal of Rs 1 crore within 5 years?
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A 39-year-old unmarried man earning Rs 1.05 lakh monthly wants to reach a goal of Rs 1 crore within 5 years. He currently has investments in mutual funds, NPS, and LIC Jeevan Saral. An investment expert advises him to stop contributions to NPS and LIC Jeevan Saral as they do not align with his goal. Instead, he should increase his monthly investments by Rs 50,000 and allocate 60% to a Large Cap Fund and the remaining amount to a flexi cap fund. He should also plan to boost his monthly investments by an additional Rs 10,000 each year. The expert emphasizes the importance of aligning investments with goals and regularly reviewing the portfolio.
#Investment #Goal #MutualFunds #Nps #LicJeevanSaral
https://www.businesstoday.in/personal-finance/investment/story/how-can-i-a-39-year-old-unmarried-man-earning-rs-105-lakh-monthly-reach-a-goal-of-rs-1-crore-within-5-years-417765-2024-02-16
Business Today /
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2024-02-16 04:53:36
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npub10krv5xyz57fwv0upm7fgx90w8m2xulqkzzxml2d9d433rwrlmwpsyffpj8Published at
2024-02-16 04:53:36Event JSON
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"content": "How can I, a 39-year-old unmarried man earning Rs 1.05 lakh monthly, reach a goal of Rs 1 crore within 5 years?\n==========\n\nA 39-year-old unmarried man earning Rs 1.05 lakh monthly wants to reach a goal of Rs 1 crore within 5 years. He currently has investments in mutual funds, NPS, and LIC Jeevan Saral. An investment expert advises him to stop contributions to NPS and LIC Jeevan Saral as they do not align with his goal. Instead, he should increase his monthly investments by Rs 50,000 and allocate 60% to a Large Cap Fund and the remaining amount to a flexi cap fund. He should also plan to boost his monthly investments by an additional Rs 10,000 each year. The expert emphasizes the importance of aligning investments with goals and regularly reviewing the portfolio.\n\n#Investment #Goal #MutualFunds #Nps #LicJeevanSaral\n\nhttps://www.businesstoday.in/personal-finance/investment/story/how-can-i-a-39-year-old-unmarried-man-earning-rs-105-lakh-monthly-reach-a-goal-of-rs-1-crore-within-5-years-417765-2024-02-16",
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