Input Sheet

Client Name Mr Santosh Desai

Age as on date (Yrs.) 34
Your Current Monthly Expense (INR): 40,000
You Wish to Retire at age (Yrs.) 55
Average Inflation rate assumed 7%
Child Planning (names if available) Anisha Amit
Age of your Child 10 8
Assumed Cost of Graduation Today (INR): 300000 300000
Assumed Cost of Post Graduation Today(INR): 600000 600000
Assumed age for the child to get Married (Yrs.) 25 25
Assumed corpus required for Marriage Today 2000000 1000000

FILL VARIABLES FROM Questionaire (as applicable)

Assumptions made based on client's socio economic profil

Financial Planning Proposal for Mr Santosh Desai

Need 1 : Insurance Cover Requirement

Your Current Annual Expense: INR 480,000

Your Current Minimum Life Insurance Cover Should be : INR 6,857,143

This is the Corpus Required in case of your absence to generate sufficient

income @ 7% return p.a. to cover your family's living expense.

Need 2 : Retirement Planning

Period remaining for planning Retirement (Yrs.) 21

Your Current Monthly Expense : INR 40,000
Your Current Annual Expense : INR 480,000

Your Monthly Expense at the retirement Age INR 165,622

assuming an inflation p.a. of - 7%

Your Annual Expense at the retirement Age INR 1,987,470

assuming an inflation p.a. of - 7%

Corpus Required INR 24,843,374

(to generate sufficient income at 8% return on this corpus covers so
as to cover your annual expenditure)

Thus, the retirement corpus that you would require will be: INR 24,843,374

Need 3 : Planning for Children's Education

Anisha Amit
Age of your Child 10 8
No. of years left for Graduation 7 9
No. of years left for Post Graduation 11 13

Assuming Current Cost of Graduation Today as: 300000 300000

Actual cost of Graduation for your Child at an inflation rate of - 7% INR 481,734 INR 551,538

Assuming Current Cost of Post Graduation Today as: 600000 600000

Actual cost of Post Graduation for your Child at inflation rate of - 7% INR 1,262,911 INR 1,445,907

Total Corpus required for Child's Education INR 1,744,646 INR 1,997,445

Thus, the net Corpus Required for Children's Education will be: INR 3,742,090

Need 4 : Planning for Children's Marriage

Anisha Amit
Assumed Age at which one would expect the child to get Married (Yrs.) 25 25
No. of years left for Marriage 15 17

Assumed corpus required for Marriage Today 2000000 1000000

Actual Corpus required for your child's marriage at inflation rate of - 7% INR 5,518,063 INR 3,158,815

Thus, the net corpus required for Children's marriage will be : INR 8,676,878

Total Corpus Required for Children's Future Expense Planning will be : INR 12,418,969