Savings Investments Corpus Fund
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Transcript of Savings Investments Corpus Fund
Transparent to Every Family Member
Investments and Corpus Fund Building forIndian Salaried Persons
Dr.N.Asokan Ph.D
9445191369Transparent to Every Family Member
Object ives• To invest for Tax Free Returns – Short & Long Term
• To build Corpus Fund (7 times of current monthly expenses required after retirement)
• To lead Retied life for 20 years without salary
• To achieve specific financial goal like House , Car, Children Higher Education, Children Marriage
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NOTCompromising Quality of Life
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SavingsInvestments
First Expense of your Monthly Salary Should be a Savings / an Investment
SaveBeforeSpend
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Level I : Recurr ing Deposit
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Do not Stop. Do it Continually
Short TermEvery One Year
Level I : F ixed Deposits : L iquid Cash• Only available “Liquid Cash” for
any Emergency
• Average : 3/5/ 7 lakhs per Family
Member
• Top-up continually
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Transparent to Every Family Member
Leve l I I : L i fe Insurance P l . C h e c k t h e d i ff e r e n t s c h e m e s w i t h L I C
• Any time life, (top up continually)
Insured Value = Annual Salary
For every Family Member
Premiummonthlyhalf yearlyYearlyonly for 3/4/5 yearsOne time –Bulk amount
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Connect Recurring Deposit
Monthly Income Scheme
15 – 20years
Coverage for 15 – 20years
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Level II : Medical Insurance for Every Family Members• Cashless hospitalised
• Work place coverage
• Private
• 3 -5 lakhs each family member
• Top-up value Continually –getting Older
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Transparent to Every Family Member
L e v e l I I I : M o n t h l y I n c o m e / P e n s i o n R D , E M I , S I P• 6 years period
• Maximum INR 4.5 Lakhs deposited
• Monthly INR 3000 Income (as on March 2017) pl. check with Post Office for Update
• INR3000 for EMI/Premium/RD of New Investment
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Re-Invest ContinuallyDo not use till you retire
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Level I I I : Monthly Income / Pension RD,EMI,SIP• INR 10 lakhs investment• INR 5500 monthly income for life
time• INR 10 lakhs will be returned OR
• INR 5500 monthly income for life time for Nominee till their life time• After that INR 10 lakhs will be
returned to nominee
Transparent to Every Family MemberAs on March 2017, Pl. Check with LIC for Update
Transparent to Every Family Member
Level IV: PPF • 15 years period• Every 5 years can be added
• Maximum of INR 1.5 lakhs deposited any time between April 2017 and March 2018
• Better to deposit in April to avail Maximum Interest
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Invest ContinuallyDo not use till you retire
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Level IV: PPF Working Sheet
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Transparent to Every Family Member
Level IV: Mutual Funds SIP• Equity Linked Savings Scheme
ELSS• Tax Free• Log Term Growth• Monthly EMI• One Time Bulk Amount
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Transparent to Every Family Member
http://www.moneycontrol.com/mutualfundindia/R i s k V s R e t u r n
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If you had started an SIP of 5000 per month three years ago in Birla Sun Life Equity Fund (G) then it would have accumulated to 233,581.09 on 28/02/2017.
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http://www.idfcmf.com/mutual-funds-basics.aspx
• For Further clarifications on FAQ of Mutual Funds
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Documents Required• Bank a/c details• Cheques • Copy of PAN Card• Copy of Address Proof: Passport, Driving License, Aadhar• Photo Identity: Passport, Driving License, Aadhar• Passport size photos• Proof for DOB: 10th/12th Mark Sheet
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Transparent to Every Family Member
Working for Money
Money should work for us
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Transparent to Every Family Member
One t ime Investments Spread across the
Calendar- inc lude EMIJan Feb March April
Pongal Wedding Day LIC Premium PPFMay June July Aug
Medical Insurance
School/College Fees Car/Bike Insurance GOLD
Sep Oct Nov Dec
Birthday Deepawali
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Prior ity Gett ing Changed Over the period of T ime
Do not over spend• Buying Second House• Children Higher Education• Children Marriage
Parallel Investment• Real Estate• Gold
• Scheme Matures and Re-Investment
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First expense of
every month salary
should be an
Investment/
Savings
• RD
• EMI
• SIP
• Premium
SaveBeforeSpend
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