Goals-based investing is a framework to translate financial goals into forecast future expenditures and allocate money to separate portfolios designed to meet those specific goals. The process of goals-based investing follows a cycle. Adam McCullough, senior manager research analyst for Morningstar, tells you how to go about it with a very specific example. Specify well-defined […]
THE CASE: My investments through SIPs are in 4 large-cap funds and 1 multi-cap fund. Total SIP investment currently is Rs 40,000. I need about Rs. 50 lakhs in another 13 years – 2033 for my child’s marriage and Rs. 2.30 Cr for my retirement in 13 years – 2033. Inflation is factored. Am […]
THE CASE: I want to build Rs. 1 Cr in the next 25 years. Currently invested in mutual funds to achieve the same goal are: HDFC Sensex (Rs 10,000), Mirae Asset Emerging Fund (Rs 5,000), Parag Parikh Long Term Equity (Rs 5,000), Axis Mid Cap (Rs 3,000), SBI Small Cap (Rs 2,000), HDFC Gold […]
Understand your Risk Capacity and employ risk assessment tools to comprehend your reaction to different market conditions. Financial goals play an important role in deciding your ability to take risk. An individual in his 20s, who wants to retire at 60, has ample time to save for retirement. The dynamic changes if you are in […]