Your Financial Plan

Suresh Parthasarathy | Updated on January 12, 2018 Published on January 22, 2017

I am 31. I am with a software company in Coimbatore. My wife is a home-maker. Our first child is expected by July. I need to provide support for my in-laws as my wife is their only daughter. Since I settled down in my career in my late 20s, my total investments are ₹2 lakh. My salary will grow by 10 per cent. Now I have a good surplus. Please suggest suitable investment options for me.


I don’t think it is too late, your keenness for goal-based investing will help bridge the gap. Since yours is a growing family, new goals will keep cropping up and you will need to monitor your progress.

With your current surplus all your goals can be reached.

Children’s education: It may be too early to predict the education expenses but it is good to start early to avoid a big shortfall in later years.

House: If your salary continues to grow at 10 per cent, then, once the accumulation phase is over, you can afford to take a home loan for up to ₹35 lakh. Your surplus will help to meet the home loan EMI.

Retirement: Since your career’s looking up, lifestyle expenses are likely to increase. So, it is good to assume monthly expenses as ₹25,000 for a retirement corpus. With EPF accumulation and future investments you can build a good retirement corpus which will help you meet the monthly expenses on your earnings alone till you reach 85.

To protect all your goals, buy term insurance for ₹1 crore.

The writer is a SEBI-registered investment advisor and founder,

Send your queries to

Read further by subscribing to

The Hindu Businessline

What You'll Get

  • Web + Mobile

    Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device.

  • Exclusive portfolio stories and investment advice

    Gain exclusive market insights from the Hindu Businessline's research desk.

  • Ad free experience

    Experience cleaner site with zero ads and faster load times.

  • Personalised dashboard

    Customize your preference and get a personalized recommendation of stories based on your intrest.

This article is closed for comments.
Please Email the Editor