{"id":528,"date":"2016-07-04T10:49:21","date_gmt":"2016-07-04T10:49:21","guid":{"rendered":"http:\/\/www.myassetsconsolidation.com\/investment-advisory\/?p=528"},"modified":"2016-07-04T10:49:21","modified_gmt":"2016-07-04T10:49:21","slug":"for-post-graduation-avail-education-loan","status":"publish","type":"post","link":"https:\/\/myassetsconsolidation.com\/blog\/for-post-graduation-avail-education-loan\/","title":{"rendered":"For Post Graduation avail education loan"},"content":{"rendered":"<p><a href=\"http:\/\/myassetsconsolidation.com\/investment-advisory\/wp-content\/uploads\/2016\/07\/cash_flow_2918824f.jpg\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-529\" alt=\"cash_flow_2918824f\" src=\"http:\/\/myassetsconsolidation.com\/investment-advisory\/wp-content\/uploads\/2016\/07\/cash_flow_2918824f.jpg\" width=\"379\" height=\"296\" \/><\/a><\/p>\n<p><b>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 I am 43 and am employed with an MNC. My wife (40) is a home-maker. We have a three-year-old son. I have a group health cover for ?6 lakh. I invest only in equity mutual funds, my fund balance is ?6 lakh. Can I reach my goal with this?<\/b><\/p>\n<p><i>Ram<\/i><\/p>\n<p>&nbsp;<\/p>\n<p>To meet all your goals you must invest ?56,000 per month or ?44,200 if your salary increases by 5 per cent every year. But rising schooling expenses can reduce your surplus. So, if you are unable to save for your son\u2019s post-graduation, take an education loan. If you have the risk appetite, continue with the current asset allocation.<\/p>\n<p>&nbsp;<\/p>\n<p><b>Education (Specialised course)<\/b>: The present value of ?10 lakh will be ?19.6 lakh after 10 years. Invest ?8,500 or ?6,600 a month and increase it by 5 per cent till the goal is reached. For all goals, portfolio return assumed is 12 per cent.<\/p>\n<p>Graduation: It will come to ?25.7 lakh in 14 years at 7 per cent inflation. Save ?4,600 a month, step up by 5 per cent.<\/p>\n<p>PG: The present cost of ?10 lakh will be ?33.8 lakh after 18 years. Invest ?3,400 per month, increase it by 5 per cent every year.<\/p>\n<p>&nbsp;<\/p>\n<p><b>Construction<\/b>: The present value of ?30 lakh will be ?59 lakh after 10 years. Invest ?20,800 and step it up. Your surplus will be ?2,500. If your salary increases beyond 5 per cent contribute more or avail home loan for the shortfall and repay before you retire.<\/p>\n<p>&nbsp;<\/p>\n<p><b>Retirement:<\/b>\u00a0The present monthly expenses of ?20,000 will be ?55,180. You need a corpus of ?1.56 crore to meet the expenses at retirement. Your EPF will account for ?66.6 lakh. If your current mutual fund units earn a 12 per cent return, it will account for ?32.8 lakh. To meet the shortfall of ?56.5 lakh save ?8,750 a month and increase the saving by 5 per cent.<\/p>\n<p>&nbsp;<\/p>\n<p><i>The writer is a SEBI-registered investment advisor and founder, Myassetsconsolidation.com<\/i><\/p>\n<p><i>Send your queries to blinefp@gmail.com<\/i><\/p>\n<div>(This article was published on July 3, 2016)<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 I am 43 and am employed with an MNC. My wife (40) is<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"yst_prominent_words":[],"_links":{"self":[{"href":"https:\/\/myassetsconsolidation.com\/blog\/wp-json\/wp\/v2\/posts\/528"}],"collection":[{"href":"https:\/\/myassetsconsolidation.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myassetsconsolidation.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myassetsconsolidation.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myassetsconsolidation.com\/blog\/wp-json\/wp\/v2\/comments?post=528"}],"version-history":[{"count":0,"href":"https:\/\/myassetsconsolidation.com\/blog\/wp-json\/wp\/v2\/posts\/528\/revisions"}],"wp:attachment":[{"href":"https:\/\/myassetsconsolidation.com\/blog\/wp-json\/wp\/v2\/media?parent=528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myassetsconsolidation.com\/blog\/wp-json\/wp\/v2\/categories?post=528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myassetsconsolidation.com\/blog\/wp-json\/wp\/v2\/tags?post=528"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/myassetsconsolidation.com\/blog\/wp-json\/wp\/v2\/yst_prominent_words?post=528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}