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Chat Transcript from Vatsal Shah. Question bikasbaba: Myself a NPS holder Central Govt. Civilian 36yr. employee with wife (29yr), a Daughter (5yr), a Son (1yr) & D / W / Mother (69yr). None of us has major diseases, so far. Covered under CGHS (pay 1st & submit bill to claim). No major liability right now. My gross salary is around RS.5,Lakh PA.I`ve 02 LIC policies: Money Back Rs.573 PM., SA Rs. 105000 Start in 2008, last premium & Maturity 2028. Jeevan Sri-1 Rs.2162 PM., SA Rs.5 Lakh Start in 2008, last prm. 2024, Maturity 2033. Jeevan Saral Rs.2042 PM., SA Rs. 5 Lakh, paid 5yr. prm and Paidup in Jan., 2015 & can withdraw money after 2020. In lieu of, I plan to take an accidental life insurance from SBI of S A of Rs. 10,00,000/- & start a SIP in Reliance Tax sever (ELSS) from march,2015. Besides I’ve: Term Insurance of Rs 50 Lakh from AEGON Religare. NPS Tier 1 Rs. 3700 PM now from my salary. (3700x2), SIP with Rs. 1400 pm. In HDFC Top 200-Direct (G) from May 2011, SIP with Rs. 2500 pm. In IDFC Premier Equity Fund Direct (G) form AUG, 2013, SIP with Rs. 1300 pm. In ICICI Value Discovery fund Direct (G) form Nov., 2013, Started PPF last year & have 60,000/- in A/c, but further invest in ELSS only. Every year I’ll increase SIP amt by 5-10% No plan for retirement, as NPS may be sufficient.Considering 3 pay hikes form 7th (2016), 8th (2026) & 9th (2036) pay Commission’s recommendations, Suggest: • for children Education, marriage, how is my portfolio? I need:Rs.25, 00,000 in yr. 2025, Rs. 25, 00,000 in yr. 2030,Rs.30, 00,000 in yr.2032 Rs. 25, 00,000 in yr. 2037, Please suggest. Answer: Dear Concerned your portfolio looks good but considering your needs of Rs. 1 Cr in next 10-15 years, current allocation to SIP is not enough you need to double this amount to safely reach your target. 
5.30 PM Jan 22nd
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