WEALTH MANAGEMENT

PROJECT

SUBMITTED BY- BATCH 1

GROUP

Akansha Mittal 17PGDM128

Shivani Pandey 17PGDM051
Shantam Kandpal 17PGDM105
K V Vivaswath 17PGDM122
Parth Aggarwal 17PGDM087
Jasneet Singh 17PGDM075

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Contents
Personal Financial Planning ............................................................................................................ 4
ASSUMPTIONS ............................................................................................................................. 4
Client Profile 1 ................................................................................................................................ 4
Income Statement & Balance Sheet of Client ............................................................................. 6
Policies & investment already taken by Client ........................................................................... 7
Financial Goals ............................................................................................................................ 7
Investment Planning .................................................................................................................... 8
Recommendations ....................................................................................................................... 8
Client Profile 2 ................................................................................................................................ 9
Income Statement & Balance Sheet of Client ............................................................................. 9
Policies & investment already taken by Client ......................................................................... 11
Financial Goals .......................................................................................................................... 11
Investment Planning .................................................................................................................. 11
Recommendations ..................................................................................................................... 12
Client Profile 3 .............................................................................................................................. 12
ASSUMPTIONS ........................................................................................................................... 12
Income Statement & Balance Sheet of Client ........................................................................... 13
Goals and Priority...................................................................................................................... 15
Savings& Investment ................................................................................................................ 15
Goals.......................................................................................................................................... 16
INVESTMENTS ....................................................................................................................... 17
Client Profile 4 .............................................................................................................................. 17
ASSUMPTIONS ........................................................................................................................... 17
PROFILE ...................................................................................................................................... 17
INCOME AND TAX CALCULATION ...................................................................................... 18
EXPENSES ................................................................................................................................... 18
NET WORTH ............................................................................................................................... 19
RETIREMENT ............................................................................................................................. 20
FINANCIAL GOALS ................................................................................................................... 22
RECOMMENDATIONS .............................................................................................................. 24
Client Profile 5 .............................................................................................................................. 25
Financial Goals .......................................................................................................................... 27
Recommendations ..................................................................................................................... 27

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Client Profile 6 .............................................................................................................................. 28
Income and Investment ............................................................................................................. 29
Expenses and Investments ......................................................................................................... 30
Goals.......................................................................................................................................... 31
Reccomendation ........................................................................................................................ 32

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 Personal Financial Planning
Personal financial planning is different from Investment management. Wealth creation is
a mind set and it requires discipline in consumption, savings and investment behavior

There are various financial concerns in life of any individual which needs to be planned
for achieving the goals of life:

Certain financial concerns are:

• Uncertain future
• Limited time
• Lack of financial goals
• Conflict regarding financial goals
• Insufficient assets
• Volatile financial markets
• Inadequate knowledge about financial products
• Too many advices and financial products
• Poor and Free Advice
Personal Financial planning is a process of
• setting goals(short, medium or long term)
• developing a plan
• putting the plan into action,
• achieving goals
In this project, we have developed a financial plan for various clients from different age
groups and profession based on their individual goals and with what investments options they
can meet their goal

ASSUMPTIONS
• Inflation 5%

• EPF Return-8.55%

• PPF Return-7.8%

• NPS Return 12%

Client Profile 1

Personal Details

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 Name Kapil Gupta
Age 31
Occupation Salaried Professional
Designation Design Engineer
Smoking(Y/N) N
Alcohol(Y/N) N
Education PGDBM
Accommodation (Self/Rented) Rented
Expected Retirement Age 60
No. of Houses Owned 0
No. of dependents 2
No of Children and their age 0

Risk Tolerance High

Risk Capacity Medium

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Income Statement & Balance Sheet of Client

Assets
Bank Savings ₹ 39,000
Fixed Deposits ₹ 4,00,000
Mutual Funds ₹ 82,000
Gold ₹ 15,63,000
EPF ₹ 5,20,000
Health Insurance ₹ 4,00,000
Equity ₹ 60,000
Life Insurance ₹ 100,00,000
Real Estate ₹ 140,00,000
Total ₹ 270,64,000

Liabilities
Loan ₹0
Total 0

Net Worth

Assets – Liabilities 270,64,000.00

Income
Pre Tax Income (Self) ₹ 18,57,520
Pre Tax Income (Spouse) ₹0
Total Pre Tax Income ₹ 18,57,520
Annual Tax Paid ₹ 2,61,451
Post Tax Annual Income ₹ 15,96,069

Expenses
Rent ₹ 2,40,000
Medical Expense ₹ 18,000
Entertainment ₹ 30,000
PF ₹ 1,22,400
SBI Premium ₹ 24,000
Household ₹ 3,36,000
Health Insurance ₹ 12,000
Utility
Transport ₹ 36,000
Vacations ₹ 24,000

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 Life Insurance ₹ 24,000
Medical Insurance ₹ 12,000
NPS ₹ 50,000
Others ₹ 36,000
Total Expenses ₹ 9,64,400

Savings ₹ 6,31,669

Policies & investment already taken by Client

Financial Goals

Years to
Goals Goal Present Cost Inflation Future Value
Child Birth
₹ 4,00,000
(Health) 3 5% ₹ 4,63,050
Child Graduation 15 ₹ 5,00,000 5% ₹ 10,39,464
Child Marriage 25 ₹ 15,00,000 5% ₹ 50,79,532
Retirement
-
Corpus 29 5% ₹ 1023,25,860

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Investment Planning

Age By
which
Year Gap (FV of
Current goal is PV of
Goal s to FV of Goal FV of Asset Goal- FV of
Investment to be Asset
Goal Asset)
achieve
d
Child Birth ₹
Bank Savings, FD 34 3 ₹ 4,63,050 ₹ 4,93,815 ₹ -30,765
(Health) 4,39,000
Mutual Fund Child Education 46 15 ₹ 10,39,464 ₹ 82,000 ₹ 5,79,521 ₹ 4,59,943

Equity Child Marriage 56 25 ₹ 50,79,532 ₹ 60,000 ₹ 3,67,824 ₹ 47,11,709

Retirement ₹ ₹ ₹ ₹-
EPF 60 29
Corpus 1023,25,860 5,20,000 1207,23,125 183,97,265

Goal Suggested Investment Annual Investment Return %

Child Education HDFC Top 100 Fund (G) ₹ 9,588 15.10%

Reliance Large Cap
Child Marriage ₹ 16,389 16.90%
Fund- Retail Plan (G)

Recommendations

 Kapil should buy a Term Life Insurance for himself

 Should invest maximum Rs 100,000 in Fixed Deposits
 Invest in NPS to avail 80CCD benefit
 Can plan to buy a house in future

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Client Profile 2

Personal Details
Name Krishna Chaudhary
Age 32
Occupation Salaried Professional
Designation Construction Engineer
Smoking(Y/N) N
Alcohol(Y/N) N
Education Btech
Accommodation (Self/Rented) Self
Expected Retirement Age 60
No. of Houses Owned 1
No. of dependents 2
No of Children and their age 0

Risk Tolerance High

Risk Capacity Medium

Income Statement & Balance Sheet of Client

Assets
Bank Savings ₹ 54,000
Fixed Deposits ₹ 5,00,000
Mutual Funds ₹ 90,000
Gold ₹ 17,56,000
EPF ₹ 5,20,000
Health Insurance ₹ 4,50,000
Equity ₹ 75,000

Life Insurance ₹ 1,00,00,000

Real Estate ₹ 1,40,00,000

Total ₹ 2,74,45,000

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 Liabilities
Loan ₹0
Total 0

Net Worth

Assets - Liabilities 2,74,45,000.00

Income
Pre Tax Income (Self) ₹ 19,78,048
Pre Tax Income (Spouse) ₹0
Total Pre Tax Income ₹ 19,78,048
Annual Tax Paid ₹ 3,12,352
Post Tax Annual Income ₹ 16,65,696

Expenses
Rent ₹0
Medical Expense ₹ 24,000
Entertainment ₹ 18,000

₹ 1,22,400
PF
SBI Premium ₹ 3,36,000
Household ₹ 12,000
Health Insurance ₹ 36,000

Utility
Transport ₹ 24,000
Vacations ₹0
Life Insurance ₹ 24,000
Medical Insurance ₹ 25,000
Others ₹0
Total Expenses ₹ 6,21,400

Savings ₹ 10,44,296

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Policies & investment already taken by Client

Name of Policies/Mutual Funds

Name Amount Tenure
Cigna TTK Health insurance ₹ 4,50,000 20 years

Religare Small Cap Fund ₹ 40,000 8 years

SBI Life - Insurance ₹ 54,000 34 years

Fixed Deposits ₹ 5,00,000 3

Financial Goals

Goals Years to Goal Present Cost Inflation Future Value

₹
Child Birth (Health) 3 4,00,000 5% ₹ 4,63,050
₹
Child Graduation 15 5,00,000 5% ₹ 10,39,464
₹
Child Marriage 25 15,00,000 5% ₹ 50,79,532
Retirement Corpus 28 - 5% ₹ 2,22,59,380

Investment Planning

Current Goal Age By Years FV of PV of Asset FV of

Gap (FV
Investment which goal to Goal Asset
of Goal-
is to be Goal FV of
achieved Asset)
Bank Child 34 3 ₹ ₹ 5,54,000 ₹ ₹-
Savings, FD Birth 4,63,050 6,23,175 1,60,125
(Health)

Mutual Child 46 15 ₹ ₹ 90,000 ₹ ₹

Fund Education 10,39,464 6,36,059 4,03,405
Equity Child 56 25 ₹ ₹ 75,000 ₹ ₹
Marriage 50,79,532 4,59,780 46,19,753
EPF Retireme 60 29 ₹ ₹ ₹ ₹-
nt Corpus 50,79,532 7,35,00,019 7,35,00, 6,84,20,4
019 87

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 ₹ ₹-
7,52,19, 6,35,57,4
032 54

Goal Suggested Investment Annual Investment Return %

Child
₹ 8,409 15.10%
Education HDFC Top 200 Fund (G)
Child
₹ 16,069 16.90%
Marriage Reliance Top 200 fund- Retail Plan
₹ 24,478

Recommendations

 Mr Krishna should buy a Direct Plan for himself to give him annual returns
 He can also buy a children’s health or children’s education policy
 Rather than only investing in fixed deposits he can also invest some amount of money in
liquid funds which would give him greater returns.
 He can also invest in NPS to avail certain tax plan benefits.

Client Profile 3

ASSUMPTIONS
 The financial plan and various requirements are based on the present financial conditions
of the person

 The average inflation rate is assumed as 7% for the lifetime

 The salary growth rate is taken as 7% per year

 The life expectancy is expected to be 80

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Personal Details

Age 30
Profession Private Service
City Delhi
Smoking No
Drinking No
Risk Tolerance Moderate
Retirement Age 65
Life Expentancy 80
Marital status Married
Children 1
Members

Wife 28yrs and working

Mother 58yrs and Homemaker

Child 3 yrs

Income Statement & Balance Sheet of Client

Annual Earnings
Gross Salary 840000

Annual Deductions
Section 80C 150000
Home loan 0
Standard deduction 40000
Net Taxable Income 650000

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Tax Deducted 42500

Post Tax Income 797500

Post Tax Income(Spouse) 592000
Total Income 1389500

Wife Income
Gross Salary 600000

Annual Deductions
Section 80C 150000
Standard deduction 40000
Net Taxable Income 410000
Tax Deducted 8000

Post Tax Income 592000

Annual Expenses
House
Rent 0
Furnishing 15000
30000
Entertainment
Movies and Dining Out 60000
Internet, Television and Mobile 18000
Personal
Food 120000
Clothing 60000
Transport 90000
Medical 20000
Education 84000
Utility 80000
Vacations 80000
Miscellaneous 150000
Loan Repayment
Home Loan 0
Car loan 0
Insurance Premium
Term Plan 12000
LIC policy 50000
Investments
SIP 36000
EPF 144000

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PPF 70000
Total 1119000
Savings 270500

Assets

Gold 1000000

Bank Savings A/C (250000+200000)

Fixed Deposit 300000

EPF 400000

PPF 200000

Own House 12000000

Goals and Priority

Goals Years Left Present Inflation Future Value Priority

Value/annum

Child's 17 2000000 7% ₹ 6,317,630.42 1

Education

Child's 25 2500000 7% ₹ 2
Marriage 13,568,581.60

Retirement 30 600000 7% ₹ 5,986,868.12 3

Corpus

Vacation 1 10 500000 7% ₹ 983,575.68 4

Vacation 2 20 500000 7% ₹ 1,934,842.23 5

Savings& Investment

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 Value per month Value per annum

Total Savings 22541 270500

Total Investment 16000 192000

38541

Goals

Child’s Education
 Time - 17 Years

 The current investment at 12 percent return will amount to 69,75,516

 The balance will be achieved by investing in a medium risk debt mutual fund like HDFC
Balance Advantage Fund Growth.

Child’s Marriage Goals

 Time: 25 years

 The current investment at 12 percent return will amount to 1,55,53,617

 The balance will be achieved by investing in a medium risk debt mutual fund like HDFC
Balance Advantage Fund Growth.

Retirement Planning
 Time - 35 Years

 The current investment at 8.5 percent return will amount to 20930699

 This will be achieved by investing in SBI Magnum Constant Maturity Fund.

Vacations
Vacation Time Return Amount

1 10 15% 1075575

2 20 15% 2155707

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  The required corpus will be achieved by investing in SIP Blue Chip Fund.

INVESTMENTS

Mutual Fund Return Future

estimated
For retirement SBI Magnum Constant Maturity Fund 9.80% 8.50%
SIP
For Vacation SIP blue chip 18% 15%
For education HDFC Balanced Advantage Fund Growth 17.00% 12%

Client Profile 4

ASSUMPTIONS
 The financial plan and various requirements are based on the present financial conditions
of the person

 The average inflation rate is assumed as 6% for the lifetime

 The salary growth rate is taken as 8% per year

 The life expectancy is expected to be 80

PROFILE

Profile Details
Name Vishruth
Age 33
Profession Senior Engineer(Rolls Royce Aero Engine)
Marital Status Married (Spouse is a homemaker)
Children 0
Residential Status Resident(ROR)
Location Bangalore
Residence Own House
Risk Appetite Moderate

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 Smoking Yes
Drinking Yes
Retirement Age 60 years
Life Expectancy 80 years

INCOME AND TAX CALCULATION

Earnings/Inflows Monthly Annual

Salary ₹ 108,333.33 ₹ 1,300,000.00
Farming Income(Non-
Taxable) ₹ 20,833.33 ₹ 250,000.00
Average annual bonus ₹ 4,166.67 ₹ 50,000.00
Income from capital gains ₹ 5,708.33 ₹ 68,500.00
Income from other sources ₹ 0.00 ₹ 0.00
Total Earnings ₹ 139,041.67 ₹ 1,418,500.00

Deductions and Allowances Monthly Annual

Section 80C ₹ 12,500.00 ₹ 150,000.00
Standard Deductions ₹ 4,166.67 ₹ 50,000.00
80D ₹ 1,791.67 ₹ 21,500.00
Net Taxable Income ₹ 99,750.00 ₹ 1,197,000.00
Tax Deducted ₹ 14,300.00 ₹ 171,600.00
Cess ₹ 572.00 ₹ 6,864.00
Post Tax Income ₹ 103,336.33 ₹ 1,240,036.00
Post Tax Income(Spouse) ₹ 0.00 ₹ 0.00
Total Income ₹ 103,336.33 ₹ 1,490,036.00

EXPENSES

Annual
Expenses/Outflows Monthly Annual Expenses
Groceries ₹ 5,000.00 ₹ 60,000.00 8.22%
Transportation ₹ 7,000.00 ₹ 84,000.00 11.51%
Entertainment ₹ 3,000.00 ₹ 36,000.00 4.93%
Wages for Household
Help ₹ 4,000.00 ₹ 48,000.00 6.58%
Food and Clothing ₹ 15,000.00 ₹ 180,000.00 24.67%

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 Monthly Utilities Bills ₹ 10,000.00 ₹ 120,000.00 16.45%
Health Insurance ₹ 1,791.67 ₹ 21,500.00 2.95%
Miscellaneous ₹ 15,000.00 ₹ 180,000.00 24.67%
Total Expenses ₹ 60,791.67 ₹ 729,500.00 100.00%

SAVINGS ₹ 63,378.00 ₹ 760,536.00

20 Lakh Life insurance Cover from Apollo Munich

Annual Expenses

Groceries
8.22%
Transportation
24.67% 11.51% Entertainment

4.93% Wages for Household Help

2.95% 6.58% Food and Clothing

16.45% Monthly Utilities Bills

24.67% Health Insurance
Miscellaneous

NET WORTH

ASSETS
Gold ₹ 1,000,000.00
₹
House 20,000,000.00
Car ₹ 1,500,000.00
Bank Savings
A/C ₹ 600,000.00
Fixed Deposit ₹ 1,000,000.00
EPF ₹ 1,000,000.00
₹
Real Estate 30,000,000.00
₹
TOTAL ASSETS
55,100,000.00

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 LIABILITIES
₹ 0.00

₹
NET WORTH 55,100,000.00

RETIREMENT

Return on EPF 8.55% Depending on average of 2017-18

Current
Corpus 1000000

EPF Schedule
Age Investment Interest Total
₹ 1,000,000.00 ₹ 85,500.00 ₹ 1,085,500.00
33 ₹ 150,000.00 ₹ 1,235,500.00 ₹ 105,635.25 ₹ 1,341,135.25
34 ₹ 162,000.00 ₹ 1,503,135.25 ₹ 128,518.06 ₹ 1,631,653.31
35 ₹ 174,960.00 ₹ 1,806,613.31 ₹ 154,465.44 ₹ 1,961,078.75
36 ₹ 188,956.80 ₹ 2,150,035.55 ₹ 183,828.04 ₹ 2,333,863.59
37 ₹ 204,073.34 ₹ 2,537,936.94 ₹ 216,993.61 ₹ 2,754,930.54
38 ₹ 220,399.21 ₹ 2,975,329.76 ₹ 254,390.69 ₹ 3,229,720.45
39 ₹ 238,031.15 ₹ 3,467,751.60 ₹ 296,492.76 ₹ 3,764,244.36
40 ₹ 257,073.64 ₹ 4,021,318.00 ₹ 343,822.69 ₹ 4,365,140.69
41 ₹ 277,639.53 ₹ 4,642,780.22 ₹ 396,957.71 ₹ 5,039,737.93
42 ₹ 299,850.69 ₹ 5,339,588.62 ₹ 456,534.83 ₹ 5,796,123.45
43 ₹ 323,838.75 ₹ 6,119,962.20 ₹ 523,256.77 ₹ 6,643,218.97
44 ₹ 349,745.85 ₹ 6,992,964.82 ₹ 597,898.49 ₹ 7,590,863.31
45 ₹ 377,725.52 ₹ 7,968,588.83 ₹ 681,314.34 ₹ 8,649,903.17
46 ₹ 407,943.56 ₹ 9,057,846.73 ₹ 774,445.90 ₹ 9,832,292.63
47 ₹ 440,579.04 ₹ 10,272,871.67 ₹ 878,330.53 ₹ 11,151,202.20
48 ₹ 475,825.37 ₹ 11,627,027.57 ₹ 994,110.86 ₹ 12,621,138.42
49 ₹ 513,891.40 ₹ 13,135,029.82 ₹ 1,123,045.05 ₹ 14,258,074.87
50 ₹ 555,002.71 ₹ 14,813,077.58 ₹ 1,266,518.13 ₹ 16,079,595.71
51 ₹ 599,402.92 ₹ 16,678,998.63 ₹ 1,426,054.38 ₹ 18,105,053.02
52 ₹ 647,355.16 ₹ 18,752,408.18 ₹ 1,603,330.90 ₹ 20,355,739.07
53 ₹ 699,143.57 ₹ 21,054,882.65 ₹ 1,800,192.47 ₹ 22,855,075.11
54 ₹ 755,075.06 ₹ 23,610,150.17 ₹ 2,018,667.84 ₹ 25,628,818.01

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 55 ₹ 815,481.06 ₹ 26,444,299.07 ₹ 2,260,987.57 ₹ 28,705,286.64
56 ₹ 880,719.55 ₹ 29,586,006.19 ₹ 2,529,603.53 ₹ 32,115,609.72
57 ₹ 951,177.11 ₹ 33,066,786.83 ₹ 2,827,210.27 ₹ 35,893,997.10
58 ₹ 1,027,271.28 ₹ 36,921,268.38 ₹ 3,156,768.45 ₹ 40,078,036.83
59 ₹ 1,109,452.98 ₹ 41,187,489.81 ₹ 3,521,530.38 ₹ 44,709,020.19
60 ₹ 1,198,209.22 ₹ 45,907,229.41 ₹ 3,925,068.11 ₹ 49,832,297.52

₹
PF Contribution
49,832,297.52

₹
Total Retirement Corpus
49,832,297.52

Retirement Corpus
Year Living Expenses
₹
2018 800,000.00
₹
2046 (Annually) 3,639,506.37
₹
2046 (Monthly) 303,292.20

₹ 41,744,851.34

Corpus Needed For next 20 Years

after retirement

Inflation
6%

Life Expectancy After 20 Years

Retirement

Surplus ₹ 8,087,446.18

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FINANCIAL GOALS
1st Goal

2nd House Construction

After 7
Inflation 6%
Current value ₹ 8,000,000.00
Future Value ₹ 12,029,042.07

Corpus Building
Axis Bluechip
Mutual Fund Fund
Rate of Return 16.6%
Investment per Month ₹ 30,000.00
Invesment per Annum ₹ 360,000.00
Time Period for Investment 7
Money at Hand ₹ 4,185,867.47
Amount Difference ₹ 7,843,175

Loan From Bank after 8 years

Loan Type Housing Loan
Interest Rate 9.0%
Principal Amount ₹ 3,000,000.00
EMI ₹ 27,000.00
Time Period for Investment 20 Years
₹
Amount Difference 4,843,174.61

This Difference amount

would be adjusted from
selling of real estate or
receiving rental income

2nd Goal

Business Venture
After 5
Inflation 6%

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 Current value ₹ 1,868,145.43
Future Value ₹ 2,500,000.00

Scheme Used: Mirae Emerging Bluechip

Fund

Investment Horizon 5
Investment Instrument Mutual Fund
Type Large & Midcap
Annual Rate of Return 26.50%
Corpus Required ₹ 2,500,000
Yearly Investment ₹ 295,850
Monthly Investment ₹20,385

3rd goal

Road Trips
Period 1
Inflation 6%
₹
Future Value 100,000.00

Scheme Used: Kotak Liquid Scheme

Investment Horizon 1

Investment Instrument Mutual Fund

Type Liquid Fund
Annual Rate of Return 8.00%
Corpus Required ₹ 100,000
Yearly Investment ₹ 100,000
Monthly Investment ₹8,032

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RECOMMENDATIONS

Monthly Savings ₹ 63,378

Monthly Investment in
MF ₹ 58,417
Surplus (Monthly) ₹ 4,961
Surplus (Annual) ₹ 59,534

To invest in a Life insurance term policy of Rs. 2.25 Cr from ICICI Prudential I-protect
Until the age of 60. The approximate price of the term policy would be Rs. 33000 pa.

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Client Profile 5

Income Statement & Balance Sheet of Client

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Financial Goals

Investment Planning

Recommendations

 Mr. Vishal Can opt for Housing Loan and avail tax benefits

 Invest in NPS to avail 80CCD benefit

 Rather than investing in gold he can instead opt for gold bonds.

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Client Profile 6

Personal Details

Name of the client Mr. Savneet Singh

Age (years) 30

Sex Male

Company Aon

Position Acturial Analyst

Location Noida
Family Details
Earnings (per
Name Relationship Age Occupation
month)
Mrs. Jasmeet Kaur Wife 29 Housewife Nil

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Income and Investment

Taxable
Salary Structure Monthly Yearly Exemption Salary
Rs.
Basic Salary Rs. 55,000.00 Rs. 6,60,000.00 Rs. 0.00 6,60,000.00
HRA Rs. 16,500.00 Rs. 1,98,000.00 Rs. 1,26,000.00 Rs. 72,000.00
LTA Allowance Rs. 3,750.00 Rs. 45,000.00 Rs. 15,000.00 Rs. 30,000.00
Rs.
Special Allowance Rs. 40,350.00 Rs. 4,84,200.00 Rs. 0.00 4,84,200.00
Bonus Rs. 1,800.00 Rs. 21,600.00 Rs. 0.00 Rs. 21,600.00
Rs. Rs.
Rs. 1,17,400.00 14,08,800.00 12,67,800.00
Gross Taxable Rs.
Salary 12,67,800.00
Income from
Other Sources 5874
Gross Annual
Income 12,73,674.00
Standard
Deduction -40,000.00
12,33,674.00

Deductions
24 B
Interest HL ₹ 0.00 0
80C
EPF Deduction Rs. 64,800.00
Public Provident Fund Rs. 10,000.00
ELSS 55,000
Life Insurance Premium 24,020
1,53,820.0 1,50,000.00
80D
Medical Insurance Premium 0 0
80CCD
NPS 50000 50000
80TTA
Saving Interest Received 4787 4787
Net Taxable Income 10,28,887.00

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Tax
0-250000 0
250000-500000 12500
500000-1000000 105777.4
Total Tax Liability Rs. 1,18,277.40
Cess @ 3 % Rs. 3,548.32
Net Tax Liability Rs. 1,21,825.72
Net Income (Annual) Rs. 11,51,848.28
Net Income (Monthly) Rs. 95,987.36

Expenses and Investments

INCOME/INFLOW MONTHLY ANNUAL

Salary + Other Income( Net of
tax) Rs. 95,987.36 Rs. 11,51,848.28
Total Rs. 95,987.4 Rs. 11,51,848.3
EXPENSES / OUTFLOW
Entertainment Rs. 1,000.00 Rs. 12,000.00
Medical Rs. 1,000.00 Rs. 12,000.00
Transport Rs. 3,000.00 Rs. 36,000.00
Food & Clothing Rs. 12,000.00 Rs. 1,44,000.00
Children's education fees Rs. 0.00 Rs. 0.00
Rent Rs. 16,000.00 Rs. 1,92,000.00
Vacations Rs. 4,166.67 Rs. 50,000.00
EXPENSES Rs. 37,166.67 Rs. 4,46,000.00

Investments and Insurance

Life Insurance Rs. 2,001.67 Rs. 24,020.00
Investment in NPS Rs. 4,583.33 Rs. 55,000.00
ICICI Prudential Bluechip Fund Rs. 29,166.67 Rs. 3,50,000.00
Total Investments Rs. 35,751.67 Rs. 4,29,020.00
Saving Rs. 23,069.02 Rs. 2,76,828.28

Current Net of Savings and

Rs. 58,820.69
Investments

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Goals

Present
Goals Inflation Future Value Priority
Target Date Value/annum
Rs.
7%
Child Education 2044 50,00,000 3,10,69,338.15 1
Rs.
7%
Child's Marriage 2049 50,00,000 3,80,61,275.21 2
Retirement Rs.
7% 3
planning 2049 548100 2,97,67,919.94
Ownership of Rs.
7% 4
House 2024 1,00,00,000 1,40,25,517.31
Rs.
7% 5
Dream Car 2034 30,00,000 82,77,094.62

Goals Suggestions

Rs 4800 in HDFC Top 100 Fund and Rs 4800 in ICICI

Child Education Prudential Bluechip Fund (15.10%)

Child's Marriage Rs 5500 in HDFC Top 100 Fund (15.5% return )

Retirement planning Rs5000 Monthly in HDFC Top 100 Fund

Ownership of House Rs 4700 monthly in HDFC Top 100 Fund (15.5% return 5yr)
Rs 4000 in HDFC mid cap opportunities Fund
Dream Car RS 4000 in L&T Mid Cap Fund

Total Consolidated Funds Required in SIP

Funds to Invest In Amount

HDFC Top 100 (G) 20,000.00

ICICI Prudential Bluechip Fund (G) 4800

HDFC Mid-Cap Opportunities Fund (G) 4000

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L&T Mid Cap Fund (G) 5500

34300

Reccomendation

1. He must open Liquid fund account as he does not have emergency fund and cash
2. He should have Mediclaim insurance policy which also have tax benefits under Sec 80 D
3. Change insurance policy from endowment to term plan

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