How to reach child education and marriage goal of my daughter

You have 3 goals to reach and for which you want to plan investments. Here you go with our suggestions -

1. Child education goal - Rs 90 Lakhs after say 15 years - to get this amount after 15 years you need to invest Rs 18,000 per month through monthly SIPs

2. Child Marriage goal - Rs 50 Lakhs after say 18 years - to get this amount after 18 years you need to invest Rs 6,700 per month through monthly SIPs

3. Your Retirement goal - Rs 1.50 Crores after say 25 years - to get this amount after 25 years you need to invest Rs 8,400 per month through monthly SIPs

As you have not mentioned the number of years after which you want the above goal amounts, we have guessed the same based on your age and your daughters age. The above returns have been calculated using this tool https://www.advisorkhoj.com/tools-and-calculators... with assumption of 12% annual returns.

As you can see that your total monthly SIP amount to chase all the above goals is Rs 33,100 per month which is around 60% of your monthly income. Therefore, this look bit stretched.

Therefore, for you, the alternate way is to increase your SIPs annually presuming your annual income will also increase. Now see the monthly SIP amount with which you can make the start and keep increasing by 10% -

Goal 1 - Start with Rs 12,070 and increase by 10% on the base value, i.e. Rs 12,070 in the 1st year, Rs 13,277 in the 2nd year and Rs 14,604 in the 3rd year and so on.

Goal 2 - Start with Rs 4,300 and increase by 10% on the base value, i.e. Rs 4,300 in the 1st year, Rs 4,730 in the 2nd year and Rs 5,203 in the 3rd year and so on.

Goal 3 - Start with Rs 4,900 and increase by 10% on the base value, i.e. Rs 4,900 in the 1st year, Rs 5,390 in the 2nd year and Rs 5,929 in the 3rd year and so on.

We have used this calculator https://www.advisorkhoj.com/tools-and-calculators... to arrive at the above figures assuming 12% annual return.

Hope you find the above useful. Thanks for writing to Advisorkhoj.