Financial Planning & Wealth Management

Topic: Prepare Different types of Insurance

portfolios for 5 types of persons with different age
groups and different incomes

Prof: Ms.Tanvi Joshi

Date of Submission: 3rd March 2022

Buddy Group 3
Naitik Boricha F026
Nikhil Purohit F027
Preet Adani F030
Riya Relhan F036
Rohit Mohta F038
 Income Distribution
Type Monthly
Income of Rakesh 250000
Income of Sneha 110000
Total 360000

Expense Distribution
Expense Type Monthly
Household 55000
Education 10000
Entertainment 4500
Traveling Expense 3000
Vacation and Holiday 12000
Misc. Expenses 1500
House Maintenance 12000
House Loan 37870
Total 135870

Insurance and Investments

Type Monthly
Medical Insurance 1888
EPF 12% of Salary

Policy
Policy Annualy
SBI Life Smart Money Back Gold 1024440
HDFC Young Star Udaan 1084499

Retirement Calculation
Extra Medical Expenses 30000
Current Expenses (Except loan) 1176000
Inflated till age 59 of rakesh ₹ 4,345,866.12
75% of expenses ₹ 3,259,399.59
PV of Retirement Corpus at 59 age of Rakesh neede ₹ 53,643,506.20
Expenses at the age 75 ₹ 8,280,021.25

70 % of expenses calculated above ₹ 5,796,014.87

Pv at 74 of Sneha fo Corpus needed till her age 8 ₹ 35,181,547.87
Pv of the corpus at age 58 of Sneha/ 59 of Rakesh ₹ 14,601,683.17
Total Corpus at age 59 of rakesh will be ₹ 68,245,189.38

EPF Calculation
Salary Increment till age 45 8%
Salary Increment after age 45 5%
EPF Interest Rate 8.65%
Employer Contribution 12%
Employee Contribution 3.67%
Total Employee Provident Fund Contribution 81,129,510
DATA Section

Debt Funds (Government Securities)

Name Edelweiss
Fund Size 113.74
Min Amount 5000
Fund Return 5Y 8.40%
Fund Return All 9.40%

Liquid Funds
Name Nippon
Fund Size 22489
Min Amount 100
Fund Return 5Y 5.65%
Fund Return All 6.98%
Expense Ratio 0.18%
Liquid Cash 23.66%

Medical Insurance
STAR Health Optima
Claim Settlement Ratio 0.9
Room Rent Limit Single A/c Private Room
Covid-19 Coverage Covered
Restoration 10 L three times in a year
Pre hospitalization coverage 60
Post hospitalization coverage 90
Day Care Treatements All Day Care
Cashless Hospitals 11000+ (215)
Existing Illness After 4 years
Premium 2489
Worldwide coverage No
 Annually Goal
3000000 Education Fund - Gradu
1320000 Education Fund - Gradua
4320000 Education Fund - Maste
Marriage Cost - Rahul
Education Fund - Master
Yearly Marriage Cost - Jinal
660000
120000
54000
36000
144000 Year
18000 1
144000 2
454440 (18 years left) 3
1630440 4
5
ts 6
Yearly 7
22656 8
12% of Salary 9
10
11
SA 12
12000000 13
11000000 14
15
16
17
18
19
20
21

Age (Start)

28
29
30
31
32
33
34
35
36
 37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58

t Funds (Government Securities)

IDFC LIC UTI
1447.82 71.66 606.76
5000 10000 5000
8.60% 7.50% 7.10%
9.60% 8% 8.80%

Liquid Funds
Kotak DSP Aditya Birla
29966 8548 30652
500 500 500
5.52% 5.57% 5.65%
6..88% 7% 7.00%
0.20% 0.15% 0.21%
13.79% 0.63% 12.67%

Medical Insurance
Niva Health companion Manipal Cigna Pro Health
0.96 0.95
Single A/c Private Room Any category except suite
Covered Covered
3 lakhs once in a year 10 lakhs unlimited in a year
30 60
60 90
All Day Care 546 listed care
8000+ (259) 7000+ (230)
After 3 years After 4 years
1521 1888.00
No Yes
 Financial Goals
Yearls Left Current Cost FV of the cost
8 300000 pa ₹ 1,806,549.21
13 300000 pa ₹ 3,712,966.83
13 1200000 pa ₹ 4,303,016.69
16 1800000 ₹ 8,270,951.38
17 1200000 pa ₹ 5,230,343.68
21 1800000 ₹ 13,320,449.90

Opening Balance Amount Received Total

₹ - ₹ - ₹ -
₹ - ₹ - ₹ -
₹ - ₹ -
₹ - ₹ 1,800,000 ₹ 1,800,000
₹ 1,954,800 ₹ - ₹ 1,954,800
₹ 2,122,913 ₹ - ₹ 2,122,913
₹ 2,305,483 ₹ 1,800,000 ₹ 4,105,483
₹ 4,458,555 ₹ - ₹ 4,458,555
₹ 2,880,078 ₹ - ₹ 2,880,078
₹ 3,127,765 ₹ 1,800,000 ₹ 4,927,765
₹ 5,351,553 ₹ - ₹ 5,351,553
₹ 5,811,786 ₹ - ₹ 5,811,786
₹ 6,311,600 ₹ 1,800,000 ₹ 8,111,600
₹ 103,839 ₹ - ₹ 103,839
₹ 112,769 ₹ - ₹ 112,769
₹ 122,468 ₹ 12,612,000 ₹ 12,734,468
₹ 4,847,379 ₹ 1,650,000 ₹ 6,497,379
₹ 1,376,000 ₹ 1,650,000 ₹ 3,026,000
₹ 3,286,236 ₹ 1,650,000 ₹ 4,936,236
₹ 5,360,752 ₹ 1,650,000 ₹ 7,010,752
₹ 7,613,677 ₹ 6,600,000 ₹ 14,213,677

EPF Corpus Calculations

Year of EPF EPF Acct. Opening Balance Monthly Salary (Basic + DA)

1 ₹ - ₹ 126,063
2 ₹ 257,553 ₹ 136,148
3 ₹ 557,989 ₹ 147,040
4 ₹ 906,665 ₹ 158,803
5 ₹ 1,309,534 ₹ 171,507
6 ₹ 1,773,206 ₹ 185,228
7 ₹ 2,305,019 ₹ 200,046
8 ₹ 2,913,107 ₹ 216,049
9 ₹ 3,606,492 ₹ 233,333
10 ₹ 4,395,166 ₹ 252,000
11 ₹ 5,290,197 ₹ 272,160
12 ₹ 6,303,837 ₹ 293,933
13 ₹ 7,449,640 ₹ 317,447
14 ₹ 8,742,596 ₹ 342,843
15 ₹ 10,199,278 ₹ 370,271
16 ₹ 11,837,999 ₹ 399,892
17 ₹ 13,678,988 ₹ 431,884
18 ₹ 15,744,582 ₹ 453,478
19 ₹ 18,032,968 ₹ 476,152
20 ₹ 20,565,624 ₹ 499,959
21 ₹ 23,365,995 ₹ 524,957
22 ₹ 26,459,670 ₹ 551,205
23 ₹ 29,874,574 ₹ 578,765
24 ₹ 33,641,174 ₹ 607,704
25 ₹ 37,792,707 ₹ 638,089
26 ₹ 42,365,427 ₹ 669,993
27 ₹ 47,398,869 ₹ 703,493
28 ₹ 52,936,146 ₹ 738,668
29 ₹ 59,024,261 ₹ 775,601
30 ₹ 65,714,455 ₹ 814,381
31 ₹ 73,062,581 ₹ 855,100
 Rate
9%
9%
5%
10%
5%
10%

Amount Paid Closing Balance Interest

₹ - ₹ -
₹ - ₹ -
₹ - ₹ - ₹ -
₹ - ₹ 1,800,000 ₹ 154,800
₹ - ₹ 1,954,800 ₹ 168,113
₹ - ₹ 2,122,913 ₹ 182,571
₹ - ₹ 4,105,483 ₹ 353,072
₹ 1,806,549 ₹ 2,652,006 ₹ 228,072
₹ - ₹ 2,880,078 ₹ 247,687
₹ - ₹ 4,927,765 ₹ 423,788
₹ - ₹ 5,351,553 ₹ 460,234
₹ 5,811,786 ₹ 499,814
₹ 8,015,984 ₹ 95,616 ₹ 8,223
₹ - ₹ 103,839 ₹ 8,930
₹ - ₹ 112,769 ₹ 9,698
₹ 8,270,951 ₹ 4,463,516 ₹ 383,862
₹ 5,230,344 ₹ 1,267,035 ₹ 108,965
₹ - ₹ 3,026,000 ₹ 260,236
₹ - ₹ 4,936,236 ₹ 424,516
₹ - ₹ 7,010,752 ₹ 602,925
₹ 13,320,450 ₹ 893,227

PF Corpus Calculations
Employer's Yearly Rate of
Employee Yearly Contribution Total Contribution
Contribution Interest

₹ 181,530 ₹ 55,518 ₹ 237,048 8.65%

₹ 196,053 ₹ 59,959 ₹ 256,012 8.65%
₹ 211,737 ₹ 64,756 ₹ 276,493 8.65%
₹ 228,676 ₹ 69,937 ₹ 298,613 8.65%
₹ 246,970 ₹ 75,532 ₹ 322,502 8.65%
₹ 266,728 ₹ 81,574 ₹ 348,302 8.65%
₹ 288,066 ₹ 88,100 ₹ 376,166 8.65%
₹ 311,111 ₹ 95,148 ₹ 406,259 8.65%
₹ 336,000 ₹ 102,760 ₹ 438,760 8.65%
₹ 362,880 ₹ 110,981 ₹ 473,861 8.65%
₹ 391,910 ₹ 119,859 ₹ 511,770 8.65%
₹ 423,263 ₹ 129,448 ₹ 552,711 8.65%
₹ 457,124 ₹ 139,804 ₹ 596,928 8.65%
₹ 493,694 ₹ 150,988 ₹ 644,682 8.65%
₹ 533,190 ₹ 163,067 ₹ 696,257 8.65%
₹ 575,845 ₹ 176,113 ₹ 751,958 8.65%
₹ 621,913 ₹ 190,202 ₹ 812,114 8.65%
₹ 653,008 ₹ 199,712 ₹ 852,720 8.65%
₹ 685,659 ₹ 209,697 ₹ 895,356 8.65%
₹ 719,941 ₹ 220,182 ₹ 940,124 8.65%
₹ 755,939 ₹ 231,191 ₹ 987,130 8.65%
₹ 793,735 ₹ 242,751 ₹ 1,036,486 8.65%
₹ 833,422 ₹ 254,888 ₹ 1,088,311 8.65%
₹ 875,093 ₹ 267,633 ₹ 1,142,726 8.65%
₹ 918,848 ₹ 281,014 ₹ 1,199,862 8.65%
₹ 964,790 ₹ 295,065 ₹ 1,259,856 8.65%
₹ 1,013,030 ₹ 309,818 ₹ 1,322,848 8.65%
₹ 1,063,681 ₹ 325,309 ₹ 1,388,991 8.65%
₹ 1,116,866 ₹ 341,575 ₹ 1,458,440 8.65%
₹ 1,172,709 ₹ 358,653 ₹ 1,531,362 8.65%
₹ 1,231,344 ₹ 376,586 ₹ 1,607,930 8.65%
EPF Acct. Closing Balance Age (End)

₹ 257,553 29
₹ 557,989 30
₹ 906,665 31
₹ 1,309,534 32
₹ 1,773,206 33
₹ 2,305,019 34
₹ 2,913,107 35
₹ 3,606,492 36
₹ 4,395,166 37
₹ 5,290,197 38
₹ 6,303,837 39
₹ 7,449,640 40
₹ 8,742,596 41
₹ 10,199,278 42
₹ 11,837,999 43
₹ 13,678,988 44
₹ 15,744,582 45
₹ 18,032,968 46
₹ 20,565,624 47
₹ 23,365,995 48
₹ 26,459,670 49
₹ 29,874,574 50
₹ 33,641,174 51
₹ 37,792,707 52
₹ 42,365,427 53
₹ 47,398,869 54
₹ 52,936,146 55
₹ 59,024,261 56
₹ 65,714,455 57
₹ 73,062,581 58
₹ 81,129,510 59
 Income Distribution
Type Monthly
Income of Rajesh ₹ 175,000
Income of Seema ₹ 30,000
Total ₹ 205,000

Expense Distribution
Expense Type Monthly
Household ₹ 35,000
Entertainment ₹ 4,000
Traveling Expense ₹ 3,000
Vacation and Holiday ₹ 8,000
Misc. Expenses ₹ 6,000
House Maintenance ₹ 5,000
Total ₹ 61,000

Medical Insurance

Type Monthly

New India Assurance - Mediclaim ₹ 2,500

Policy
Policy Annualy
Term Plan ₹ 48,000
Jeevan Umang for Mr. Rajesh ₹ 200,000
Jeevan Umang for Mrs. Seema ₹ 200,000

Jeevan Labh ₹ 440,000

Endowment Limited Premium ₹ 250,000

Total ₹ 1,138,000

Retirement Calculation
Extra Medical Expenses (yearly) ₹ 10,000
Current Expenses ₹ 732,000
Inflated till age 60 of Rajesh ₹ 1,884,941
60% of expenses ₹ 1,130,965
Expenses at age 75 for Seema ₹ 2,873,048
50 % of those expenses ₹ 1,436,524
 EPF Calculation

Salary Increment till age 45 8.00%

Salary Increment after age 45 5.00%
EPF Interest Rate 8.65%
Employer Contribution 3.67%
Employee Contribution 12.00%
Total EPFContribution 22,769,719

Reference:
Policy Details:
Policy Annualy
Term Plan ₹ 48,000

Jeevan Umang for Mr. Rajesh ₹ 200,000

Jeevan Umang for Mrs. Seema ₹ 200,000

Jeevan Labh ₹ 440,000

Endowment Limited Premium ₹ 250,000

Total ₹ 1,138,000

Residual income: ₹ 560,000

Surplus Caclulation
Income ₹ 2,460,000
Expense ₹ 810,000
EPF contribution ₹ 176,400
Gold ₹ 442,080
Surplus ₹ 1,031,520
 F
Annually Buying a farmhouse at retirement:
₹ 2,100,000 Years Left 16
₹ 360,000 Current cost ₹ 5,000,000
₹ 2,460,000 Cost at retireme ₹ 12,701,758

n
Yearly
₹ 420,000 EPF Corpus usa
₹ 48,000 EPF at age of 58
₹ 36,000 EPF at age of 60
₹ 96,000 Less:
₹ 72,000
₹ 60,000 Less:
₹ 732,000

Post- Reti
Yearly Year Post retirement
expenses
₹ 30,000 0 ₹ 1,130,965
1 ₹ 1,198,822
2 ₹ 1,270,752
SA 3 ₹ 1,346,997
₹ 10,000,000 4 ₹ 1,427,817
₹ 2,500,000 5 ₹ 1,513,486
₹ 2,500,000 6 ₹ 1,604,295
7 ₹ 1,700,553
₹ 5,000,000 8 ₹ 1,802,586
₹ 1,000,000 9 ₹ 1,910,741
10 ₹ 2,025,385
₹ 11,000,000 11 ₹ 2,146,908
12 ₹ 2,275,723
13 ₹ 2,412,266
14 ₹ 2,557,002
15 ₹ 2,710,422
16 ₹ 1,436,524
17 ₹ 1,522,715
18 ₹ 1,614,078
19 ₹ 1,710,923
20 ₹ 1,813,578
Age (Start) Year of EPF
28 1
29 2
30 3
31 4
32 5
33 6
34 7
35 8
36 9
37 10
38 11
39 12
40 13
41 14
42 15
43 16
44 17
45 18
46 19
47 20
48 21
49 22
50 23
51 24
52 25
53 26
54 27
55 28
56 29
57 30
58 31
SA Maturity benefit Premium term Maturity after
₹ 10,000,000 ₹ 10,000,000 Till death Death
Rs. 2lakhs every year after
₹ 2,500,000 maturity till death and Rs.25 15yrs 15yrs
lakhs at death
Rs. 2lakhs every year after
₹ 2,500,000 maturity till death and Rs.25 15yrs 15yrs
lakhs at death

₹ 5,000,000 ₹ 8,000,000 10yrs 16 yrs

₹ 1,000,000 ₹ 1,000,000 One time 25yrs

₹ 11,000,000

Surplus Calculation

Income Expense EPF contribution

Gold Surplus
 Financial Goal planning at retirement
t retirement: Inheritence for Harsh:
(corpus collection at retirement)
Years Left 20
Corpus value at inheretence ₹ 5,000,000
Value at retirement ₹ 1,559,024

EPF Corpus usage after maturity

₹ 22,769,719
₹ 22,769,719
₹ 12,701,758 (for farmhouse)
₹ 10,067,960
₹ 1,559,024 (for inheretence)
₹ 8,508,936 (balance amt at age 60 to be used for retirement expenses)

Post- Retirement Expense Computation

Jeevan Umang Amt. Balance exp Jeevan Labh fund corpus

₹ 400,000 ₹ 730,965 ₹ 8,000,000

₹ 400,000 ₹ 798,822 ₹ 16,724,650
₹ 400,000 ₹ 870,752 ₹ 16,881,377
₹ 400,000 ₹ 946,997 ₹ 16,971,263
₹ 400,000 ₹ 1,027,817 ₹ 16,985,722
₹ 400,000 ₹ 1,113,486 ₹ 16,915,380
₹ 400,000 ₹ 1,204,295 ₹ 16,750,008
₹ 400,000 ₹ 1,300,553 ₹ 16,478,456
₹ 400,000 ₹ 1,402,586 ₹ 16,088,577
₹ 400,000 ₹ 1,510,741 ₹ 15,567,151
₹ 400,000 ₹ 1,625,385 ₹ 15,959,795
₹ 400,000 ₹ 1,746,908 ₹ 15,194,474
₹ 400,000 ₹ 1,875,723 ₹ 14,254,420
₹ 400,000 ₹ 2,012,266 ₹ 13,121,419
₹ 400,000 ₹ 2,157,002 ₹ 11,775,702
₹ 400,000 ₹ 2,310,422 ₹ 10,195,821
₹ 200,000 ₹ 1,236,524 ₹ 21,608,523
₹ 200,000 ₹ 1,322,715 ₹ 21,594,319
₹ 200,000 ₹ 1,414,078 ₹ 21,487,900
₹ 200,000 ₹ 1,510,923 ₹ 21,278,251
₹ 200,000 ₹ 1,613,578 ₹ 20,953,368
 EPF Corpus Calculations
EPF Acct. Opening Employer's Yearly
Monthly Salary (Basic + DA)
Balance Contribution
₹ - ₹ 25,030 ₹ 11,023
₹ 51,137 ₹ 38,617 ₹ 17,007
₹ 134,457 ₹ 41,706 ₹ 18,368
₹ 231,296 ₹ 45,043 ₹ 19,837
₹ 343,329 ₹ 48,646 ₹ 21,424
₹ 472,414 ₹ 52,538 ₹ 23,138
₹ 620,616 ₹ 56,741 ₹ 24,989
₹ 790,225 ₹ 61,280 ₹ 26,988
₹ 983,778 ₹ 66,183 ₹ 29,147
₹ 1,204,091 ₹ 71,478 ₹ 31,479
₹ 1,454,277 ₹ 77,196 ₹ 33,997
₹ 1,737,787 ₹ 83,371 ₹ 36,717
₹ 2,058,438 ₹ 90,041 ₹ 39,654
₹ 2,420,452 ₹ 97,244 ₹ 42,826
₹ 2,828,497 ₹ 105,024 ₹ 46,253
₹ 3,287,732 ₹ 113,426 ₹ 49,953
₹ 3,803,856 ₹ 122,500 ₹ 53,949
₹ 4,383,164 ₹ 132,300 ₹ 58,265
₹ 5,032,603 ₹ 135,056 ₹ 59,479
₹ 5,743,851 ₹ 141,809 ₹ 62,453
₹ 6,530,418 ₹ 148,900 ₹ 65,575
₹ 7,399,509 ₹ 156,344 ₹ 68,854
₹ 8,358,986 ₹ 164,162 ₹ 72,297
₹ 9,417,430 ₹ 172,370 ₹ 75,912
₹ 10,584,199 ₹ 180,988 ₹ 79,707
₹ 11,869,501 ₹ 190,038 ₹ 83,693
₹ 13,284,470 ₹ 199,540 ₹ 87,877
₹ 14,841,247 ₹ 209,517 ₹ 92,271
₹ 16,553,069 ₹ 219,992 ₹ 96,885
₹ 18,434,366 ₹ 230,992 ₹ 101,729
₹ 20,500,868 ₹ 242,542 ₹ 106,815
ment Charts:

Balance corpus collected Total Corpus for Inheretence

- Expense
₹ 19,339,789 ₹ 24,339,789
-

Remaining corpus

₹ 15,777,972
Household Entertainment
₹ 15,925,828 Misc. Expenses House Maintenance
₹ 16,010,626
₹ 16,024,266
₹ 15,957,906
₹ 15,801,894
₹ 15,545,713
₹ 15,177,903
₹ 14,685,992
₹ 15,056,410
₹ 14,334,410
₹ 13,447,566
₹ 12,378,697
₹ 11,109,152
₹ 9,618,699
₹ 20,385,399
₹ 20,371,999
₹ 20,271,604
₹ 20,073,821
₹ 19,767,328
₹ 19,339,789
Corpus Calculations
Employer's Yearly
Total Contribution Rate of Interest
Contribution
₹ 36,043 ₹ 47,066 8.65%
₹ 55,609 ₹ 72,616 8.65%
₹ 60,057 ₹ 78,425 8.65%
₹ 64,862 ₹ 84,699 8.65%
₹ 70,051 ₹ 91,475 8.65%
₹ 75,655 ₹ 98,793 8.65%
₹ 81,707 ₹ 106,696 8.65%
₹ 88,244 ₹ 115,232 8.65%
₹ 95,303 ₹ 124,450 8.65%
₹ 102,928 ₹ 134,406 8.65%
₹ 111,162 ₹ 145,159 8.65%
₹ 120,055 ₹ 156,772 8.65%
₹ 129,659 ₹ 169,313 8.65%
₹ 140,032 ₹ 182,858 8.65%
₹ 151,235 ₹ 197,487 8.65%
₹ 163,333 ₹ 213,286 8.65%
₹ 176,400 ₹ 230,349 8.65%
₹ 190,512 ₹ 248,777 8.65%
₹ 194,481 ₹ 253,960 8.65%
₹ 204,205 ₹ 266,658 8.65%
₹ 214,415 ₹ 279,991 8.65%
₹ 225,136 ₹ 293,990 8.65%
₹ 236,393 ₹ 308,690 8.65%
₹ 248,213 ₹ 324,124 8.65%
₹ 260,623 ₹ 340,330 8.65%
₹ 273,654 ₹ 357,347 8.65%
₹ 287,337 ₹ 375,214 8.65%
₹ 301,704 ₹ 393,975 8.65%
₹ 316,789 ₹ 413,674 8.65%
₹ 332,629 ₹ 434,357 8.65%
₹ 349,260 ₹ 456,075 8.65%
EPF Acct. Closing Balance
₹ 51,137
₹ 134,457
₹ 231,296
₹ 343,329
₹ 472,414
₹ 620,616
₹ 790,225
₹ 983,778
₹ 1,204,091
₹ 1,454,277
₹ 1,737,787
₹ 2,058,438
₹ 2,420,452
₹ 2,828,497
₹ 3,287,732
₹ 3,803,856
₹ 4,383,164
₹ 5,032,603
₹ 5,743,851
₹ 6,530,418
₹ 7,399,509
₹ 8,358,986
₹ 9,417,430
₹ 10,584,199
₹ 11,869,501
₹ 13,284,470
₹ 14,841,247
₹ 16,553,069
₹ 18,434,366
₹ 20,500,868
₹ 22,769,719
 Expense Distribution

usehold Entertainment Traveling Expense Vacation and Holiday

c. Expenses House Maintenance Total
Age (End)
29
30
31 16
32 15
33 14
34 13
35 12
36 11
37 10
38 9
39 8
40 7
41 6
42 5
43 4
44 3
45 2
46 1
47
48 1
49 2
50 3
51 4
52 5
53 6
54 7
55 8
56 9
57 10
58 11
59 12
13
14
 Time & Age
Current Age 32
Retirement Age 55
Investment Horizon 23
Life Expectancy 75
Post Retirement Period 20

Retirement Fund Goals

Medical Insurance ₹ 463,466.98
Living Expenses ₹ 23,641,914.34
Staycation in Vienna ₹ 971,215.81
Retirement Corpus Required ₹ 25,076,597.13
approx Rs. 2.5 cr

Investments

ULIP ICICI Pru Signature ULIP Plan

Mutual Fund Canara Robeco Conservative Hybrid Fun
ELSS DPS Tax Saver Fund

Vacation Abroad Costs & FV Calculations

Euros
Flights 720
AirBnb 850
Food 500
Tourism (Entertainment ,Transport) 1500
Visa & Misc 150
Total 3720

FV of trip at 55 (escalted at 5% p.a.)

ELSS- DBS Tax Saver Fund

Monthly SIP ₹ 3,000.00
Rate of Return 18%
Value of Investment 23 years from ₹ 9,505,962.44
now (Age 55)

Medical Premium
 per annum
32-35 ₹ 14,000.00
35-40 ₹ 15,120.00
40-45 ₹ 16,329.60
45-50 ₹ 17,635.97
50-55 ₹ 19,046.85
55-60 ₹ 20,570.59
60-65 ₹ 22,216.24
65-70 ₹ 23,993.54
70-75 ₹ 25,913.02
Accumulated Retirement Amount

Year Age
1 32
2 33
3 34
4 35
5 36
6 37
7 38
8 39
9 40
10 41
11 42
12 43
13 44
14 45
15 46
16 47
17 48
18 49
19 50
20 51
21 52
22 53
23 54
 Salary
Age p.a
22 ₹ 600,000.00
32 ₹ 1,295,355.00
40 ₹ 2,353,211.48
54 ₹ 5,320,385.15

ls Insurance
Accumulated Premium p.a.
PV of LE for post retirement Medical Insurance ₹ 14,000.00
FV of trip at age 55 Increments shown in working note
at age 55 (ICICI Lombard’s Complete Health Insurance- iHealth)

Investments
Maturity Amount @ 55
₹ 20,000.00 p.m. ₹ 12,800,000.00
₹ 7,000.00 p.m. ₹ 6,379,078.55
₹ 3,000.00 p.m. ₹ 9,505,962.44
Total ₹ 28,685,041.00

alculations Living Expense

Rupees per month
₹ 61,200.00 Household ₹ 30,000.00
₹ 72,250.00 Personal (clothing, etc) ₹ 8,000.00
₹ 42,500.00 Entertainment ₹ 13,000.00
₹ 127,500.00 Smoking ₹ 1,000.00
₹ 12,750.00 Total ₹ 52,000.00
₹ 316,200.00
₹ 624,000.00
₹ 971,215.81

Mutual Fund- Canara Robeco Conservative Hybrid Fund

Monthly SIP
Rate of Return
Value of Investment 23 years from now (Age 55)
 time period
₹ 42,000.00
₹ 75,600.00
₹ 81,648.00
₹ 88,179.84
₹ 95,234.23
₹ 102,852.97
₹ 111,081.20
₹ 119,967.70
₹ 129,565.11
₹ 463,466.98

Salary Living Expenses Investments Medical Insurance

₹ 1,295,355.00 ₹ 624,000.00 ₹ 360,000.00 ₹ 14,000.00
₹ 1,398,983.40 ₹ 624,000.00 ₹ 360,000.00 ₹ 14,000.00
₹ 1,510,902.07 ₹ 624,000.00 ₹ 360,000.00 ₹ 14,000.00
₹ 1,631,774.24 ₹ 624,000.00 ₹ 360,000.00 ₹ 15,120.00
₹ 1,762,316.17 ₹ 624,000.00 ₹ 360,000.00 ₹ 15,120.00
₹ 1,903,301.47 ₹ 624,000.00 ₹ 360,000.00 ₹ 15,120.00
₹ 2,055,565.59 ₹ 624,000.00 ₹ 360,000.00 ₹ 15,120.00
₹ 2,220,010.83 ₹ 624,000.00 ₹ 360,000.00 ₹ 15,120.00
₹ 2,353,211.48 ₹ 624,000.00 ₹ 360,000.00 ₹ 16,329.60
₹ 2,494,404.17 ₹ 624,000.00 ₹ 360,000.00 ₹ 16,329.60
₹ 2,644,068.42 ₹ 624,000.00 ₹ 360,000.00 ₹ 16,329.60
₹ 2,802,712.53 ₹ 624,000.00 ₹ 360,000.00 ₹ 16,329.60
₹ 2,970,875.28 ₹ 624,000.00 ₹ 360,000.00 ₹ 16,329.60
₹ 3,149,127.80 ₹ 624,000.00 ₹ 360,000.00 ₹ 17,635.97
₹ 3,338,075.46 ₹ 624,000.00 ₹ 360,000.00 ₹ 17,635.97
₹ 3,538,359.99 ₹ 624,000.00 ₹ 360,000.00 ₹ 17,635.97
₹ 3,750,661.59 ₹ 624,000.00 ₹ 360,000.00 ₹ 17,635.97
₹ 3,975,701.29 ₹ 624,000.00 ₹ 360,000.00 ₹ 17,635.97
₹ 4,214,243.36 ₹ 624,000.00 ₹ 360,000.00 ₹ 19,046.85
₹ 4,467,097.97 ₹ 624,000.00 ₹ 360,000.00 ₹ 19,046.85
₹ 4,735,123.84 ₹ 624,000.00 ₹ 360,000.00 ₹ 19,046.85
₹ 5,019,231.27 ₹ 624,000.00 ₹ 360,000.00 ₹ 19,046.85
₹ 5,320,385.15 ₹ 624,000.00 ₹ 360,000.00 ₹ 19,046.85
 Important Rates
p.m Salary increment 8% p.a. till age 40, thereafter 6% p.a.
₹ 50,000.00 Inflation 6%
₹ 107,946.25 Rates of Return on: ELSS 18%
₹ 196,100.96 Mutual Fund 9.35%
₹ 443,365.43 Medical Premium increment of 8% for every 5 years post age 35

Tax Benefits
Sum Assured
₹ 5,000,000.00 Sec 80 C ELSS, ULIP
n in working note Sec 80 D Medical Insurance Premium
Insurance- iHealth) Sec 10 (10) D Maturity Amt of ULIP- tax free

Excess Corpus
₹ 3,608,443.86

Living Expenses & Post-Retirement Effects

CA 32
RA 55
LE 75
Inv Horizon 23

60% of current exp for ₹ 374,400.00

Post-retirement 8.00%
p.a. Real rate of return 1.89%

Inflation-adjusted exp ₹ 1,430,114.27

PV of LE for post retirement ₹23,641,914.34

ervative Hybrid Fund

₹ 7,000.00
9.35%
₹ 6,379,078.55
 Surplus Investments p.m.
₹ 297,355.00
₹ 400,983.40 ULIP ₹ 20,000.00
₹ 512,902.07 Mutual Fund ₹ 7,000.00
₹ 632,654.24 ELSS ₹ 3,000.00
₹ 763,196.17 Total
₹ 904,181.47
₹ 1,056,445.59
₹ 1,220,890.83
₹ 1,352,881.88
₹ 1,494,074.57
₹ 1,643,738.82
₹ 1,802,382.93
₹ 1,970,545.68
₹ 2,147,491.83
₹ 2,336,439.50
₹ 2,536,724.02
₹ 2,749,025.62
₹ 2,974,065.32
₹ 3,211,196.52
₹ 3,464,051.12
₹ 3,732,077.00
₹ 4,016,184.43
₹ 4,317,338.30
40, thereafter 6% p.a.
p.a.

p.a.
ry 5 years post age 35

Maximum Amt
₹ 150,000.00
₹ 25,000.00
p.a.

₹ 240,000.00
₹ 84,000.00
₹ 36,000.00
₹ 360,000.00
 Income Distribution
Type Monthly Annually
Income of Neema 112500 1350000

Total 112500 1350000

Expense Distribution
Expense Type Monthly Yearly
Household 25000 300000
Entertainment 4500 54000
Traveling Expense 4500 54000
Vacation and Holiday 6000 72000
Misc. Expenses 5000 60000
Total 45000 540000

Insurance and Investments

Type Monthly Yearly
Term Insurance 1786 21432
EPF 9562.5 114750
Health Insurance 1144 13728
Mutual Funds - ₹ 500,000.00

Total 649910

Trust for Kunal (Will)

Name 1Y Returns 3Y Returns
Kotak Debt Hybrid Fund Direct Growth 10.74% 13.43%
Aditya Birla Sun Life Asset Allocator FoF Direct Growth 13.14% 15.74%

Years
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
Since 26 - at 36 new insurance taken
Since 36
Since 36
Taking higher value than ₹ 494,560.29

Below 30
Below 35

Salary Expense EPF

₹ 1,350,000 ₹ 550,000 ₹ 114,750
₹ 1,458,000 ₹ 583,000 ₹ 123,930
₹ 1,574,640 ₹ 617,980 ₹ 133,844
₹ 1,700,611 ₹ 655,059 ₹ 144,552
₹ 1,836,660 ₹ 694,362 ₹ 156,116
₹ 1,983,593 ₹ 736,024 ₹ 168,605
₹ 2,142,280 ₹ 780,186 ₹ 182,094
₹ 2,313,663 ₹ 826,997 ₹ 196,661
₹ 2,498,756 ₹ 876,616 ₹ 212,394
₹ 2,698,656 ₹ 929,213 ₹ 229,386
₹ 2,860,576 ₹ 984,966 ₹ 243,149
₹ 3,032,210 ₹ 1,044,064 ₹ 257,738
₹ 3,214,143 ₹ 1,106,708 ₹ 273,202
₹ 3,406,991 ₹ 1,173,111 ₹ 289,594
₹ 3,611,411 ₹ 1,243,497 ₹ 306,970
 Financial Goals
Goal
Education Fund - Graduation Kunal
Capital for Kunal at 25 years of age

Mutual Funds
Name
HDFC Corporate Bond Fund Direct Plan Growth

Current Expenses
Additional Medical Exp
Total Living Expenses Anually

Sum to be invested yearly for achieving Education Fund

Sum to be invested yearly to accumalate inflation adjusted Capital for Kunal

Income - Expenses
Value of Insurance and Investments
Final Surplus at the end of 1st year

Household (Rent + Television services + OTT+ Maid + Electricity Charges + Cook)

Entertainment (Theme park + Movies)
Traveling Expense ( Self + School Bus)
Vacation and Holiday
Misc. Expenses (Ordering Food + Gifts for birthday + Gym Membership + Medical Expenses)

Health Insurance
Name
Cover
Premium

Term Insurance
Name
Cover
Premium

Term+Mutual Funds
₹ 521,432
₹ 521,432
₹ 521,432
₹ 521,432
₹ 521,432
₹ 521,432
₹ 521,432
₹ 521,432
₹ 521,432
₹ 521,432
₹ 521,432
₹ 521,432
₹ 521,432
₹ 521,432
₹ 521,432
Yearls Left Current Cost FV of the cost Rate
6 200000 pa ₹ 1,053,448.43 9%
14 2500000 ₹ 5,652,259.89 6%

1Y Return
5.64%

540000
10000
550000

₹ 188,226.15
₹ 306,334.14

800000
₹ 649,910.00
₹ 150,090.00

ManipalSigna Aditya Birla Care

50L 1 CR. 50L
₹1144/month ₹958/month ₹3091/month

Max Life Insurance ICICI Pru HDFC Life

1 CR. 1 CR. 1 CR.
₹1786/month ₹1599/month ₹2120/month

Medical Insurance Closing Balance

₹ 13,728 ₹ 150,090
₹ 13,728 ₹ 215,910
₹ 13,728 ₹ 287,656
₹ 13,728 ₹ 365,840
₹ 13,728 ₹ 451,022
₹ 14,826 ₹ 542,705
₹ 14,826 ₹ 643,743
₹ 14,826 ₹ 753,747
₹ 14,826 ₹ 873,487
₹ 14,826 ₹ 1,003,799
₹ 16,012 ₹ 1,095,016
₹ 16,012 ₹ 1,192,964
₹ 16,012 ₹ 1,296,788
₹ 16,012 ₹ 1,406,842
₹ 16,012 ₹ 1,523,499
Sources of income

Sources of Income
Rental income(from 2 flats)
National Pension Scheme Payments
Totals

Expenses
Household Expenses
Entertainment
Eating out
Watch collection maintenance
Watch for his collection
Flat Maintenance
Travelling
Gifts for grandsons
Totals

Expenses Brea

Household Expenses Entertainment Eating out Watch collectio

Travelling Gifts for grandsons

Compulsory Investments/Premiums
Activ Assurance Health insurance Premium
Max life Insurance Premium
Mutual fund SIP
Totals

Amount left for investing each month

Year
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
 Monthly Yearly
150000 1800000
40000 480000
₹190,000.00 ₹2,280,000.00

Monthly Yearly
₹35,000.00 ₹420,000.00
₹5,000.00 ₹60,000.00
₹15,000.00 ₹180,000.00
₹10,000.00 ₹120,000.00
₹25,000.00 ₹300,000.00
₹10,000.00 ₹120,000.00
₹8,000.00 ₹96,000.00
₹6,000.00 ₹72,000.00
₹114,000.00 ₹1,368,000.00

Expenses Breakup

Eating out Watch collection maintenance Watch for his collection Flat Maintenance

ons

Monthly Yearly
₹3,600.00 ₹43,200.00
₹30,000.00 ₹360,000.00
₹25,000.00 ₹300,000.00
₹58,600.00 ₹703,200.00

₹17,400.00
 Investment in HDFC Banking & PSU Debt Fund SIP
Current Investment amount 2700000
SIP Monthly 25000
Return 7.70%
Value of Investment 21 years from now(at age 80) ₹27,932,048.40

Real Estate Appreciation

Current Holding in real estate(3 flats) ₹68,000,000.00
Appreciation Rate of Real Estate 6.50%
Value of real estate 21 years from now ₹255,182,375.50

Savings Account Balance

Current Balance 700000
Savings Account Interest 3%
Balance 21 years from now ₹1,302,206.20

Investment in Aditya Birla Sun Life Money Manager Fund.

Current Investment amount 2700000
Return 6.53%
Value of Investment 21 years from now(at age 80) ₹10,192,347.72

Edleweiss Tokio Premier Guaranteed Income endowment policy

Monthly Premium ₹17,000.00
Payment Period 10 years
 Life cover ₹2,040,000.00
Lump Sum Payment after 20 years ₹4,450,000.00

New Savings Account Calculation

Opening Surplus Closing
0 ₹4,800.00 ₹4,800.00
₹4,800.00 ₹48,720.00 ₹53,520.00
₹53,664.00 ₹96,535.20 ₹150,199.20
₹151,809.12 ₹148,567.51 ₹300,376.63
₹304,930.91 ₹205,164.34 ₹510,095.24
₹519,243.17 ₹263,244.53 ₹782,487.69
₹798,064.99 ₹330,124.49 ₹1,128,189.48
₹1,152,131.43 ₹402,784.46 ₹1,554,915.89
₹1,589,479.83 ₹481,694.96 ₹2,071,174.79
₹2,118,859.19 ₹567,363.37 ₹2,686,222.55
₹2,749,788.33 ₹656,604.31 ₹2,906,392.64
₹2,988,886.29 ₹757,472.61 ₹3,246,358.90
₹3,336,025.49 ₹866,871.61 ₹3,702,897.09
₹3,802,977.86 ₹985,486.66 ₹4,288,464.52
₹4,402,553.85 ₹1,114,056.38 ₹5,016,610.23
₹5,148,686.85 ₹1,249,345.61 ₹5,898,032.46
₹6,052,493.06 ₹1,400,274.08 ₹6,952,767.15
₹7,134,341.94 ₹1,563,734.65 ₹8,198,076.59
₹8,412,106.85 ₹1,740,722.58 ₹9,652,829.42
₹9,905,192.63 ₹1,932,309.89 ₹11,337,502.51
₹11,634,658.29 ₹2,135,297.58 ₹13,269,955.88
₹13,618,995.63
 Monthly Income
Monthly Expenses
Monthly Surplus

Surplus

Monthly Surplus ₹ 76,000.00

Monthly Expenses ₹114,000.00

Monthly Income

₹0.00 ₹20,000.00 ₹40,000.00 ₹60,000.00 ₹80,000.00 ₹100,000.00 ₹120,000.00 ₹140,000

Calculati
Year
1
2
3
4
5
6
 7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

New Savings Account Balance from Surplus

Yearly Donations after age 10
Surplus After 20 years

Max life ULIP Payout

Monthly Premium
Payment Period
Life cover
10 year Average Rate of Return
Amount paid on Maturity

Total liquid funds calculation

Sum of Total liquid funds at age 80
Amount of Funds Required for Donation to Indian Cancer Society
Amount leftover after donation
Additional donation to St Judy
Leftover liquid Cash with Mukesh at age 80
 Interest
0
144
1609.92
4554.2736
9147.92716800001
15577.29508464
23941.9496902752
34563.9428138433
47684.3949990884
63565.775581239
82493.6498418941
89666.5887646688
100080.764617714
114089.335755999
132076.615642457
154460.605478436
181574.791844606
214030.258130976
252363.205387145
297155.778850774
349039.748790449
 Amount of donation he wants to give at the age
₹ 30,000,000.00
80
PV of the donation at age 62(current) ₹ 7,245,392.60

₹190,000.00
₹114,000.00
₹ 76,000.00

0.0028

urplus

₹ 76,000.00

₹114,000.00

₹190,000.00

80,000.00 ₹100,000.00 ₹120,000.00 ₹140,000.00 ₹160,000.00 ₹180,000.00 ₹200,000.00

Calculation of Surplus over the years

Rental Income Pension Yearly Expenses
₹ 1,800,000 ₹ 480,000 ₹ 1,368,000
₹ 1,926,000 ₹ 480,000 ₹ 1,450,080
₹ 2,060,820 ₹ 480,000 ₹ 1,537,085
₹ 2,205,077 ₹ 480,000 ₹ 1,629,310
₹ 2,359,433 ₹ 480,000 ₹ 1,727,068
₹ 2,524,593 ₹ 480,000 ₹ 1,830,693
 ₹ 2,701,315 ₹ 480,000 ₹ 1,940,534
₹ 2,890,407 ₹ 480,000 ₹ 2,056,966
₹ 3,092,735 ₹ 480,000 ₹ 2,180,384
₹ 3,309,227 ₹ 480,000 ₹ 2,311,207
₹ 3,540,872 ₹ 480,000 ₹ 2,449,880
₹ 3,788,734 ₹ 480,000 ₹ 2,596,872
₹ 4,053,945 ₹ 480,000 ₹ 2,752,685
₹ 4,337,721 ₹ 480,000 ₹ 2,917,846
₹ 4,641,361 ₹ 480,000 ₹ 3,092,917
₹ 4,966,257 ₹ 480,000 ₹ 3,278,492
₹ 5,313,895 ₹ 480,000 ₹ 3,475,201
₹ 5,685,867 ₹ 480,000 ₹ 3,683,713
₹ 6,083,878 ₹ 480,000 ₹ 3,904,736
₹ 6,509,750 ₹ 480,000 ₹ 4,139,020
₹ 6,965,432 ₹ 480,000 ₹ 4,387,361

us
₹200,000.00
₹13,618,995.63

₹30,000.00
10
₹3,600,000.00
10.40%
₹17,059,225.00

₹74,554,822.94
₹30,000,000.00
₹44,554,822.94
₹20,000,000.00
₹24,554,822.94
 Premium Payments Medical Insurance Surplus
₹ 864,000 ₹ 43,200 ₹ 4,800
₹ 864,000 ₹ 43,200 ₹ 48,720
₹ 864,000 ₹ 43,200 ₹ 96,535
₹ 864,000 ₹ 43,200 ₹ 148,568
₹ 864,000 ₹ 43,200 ₹ 205,164
₹ 864,000 ₹ 46,656 ₹ 263,245
₹ 864,000 ₹ 46,656 ₹ 330,124
₹ 864,000 ₹ 46,656 ₹ 402,784
₹ 864,000 ₹ 46,656 ₹ 481,695
₹ 864,000 ₹ 46,656 ₹ 567,363
₹ 864,000 ₹ 50,388 ₹ 656,604
₹ 864,000 ₹ 50,388 ₹ 757,473
₹ 864,000 ₹ 50,388 ₹ 866,872
₹ 864,000 ₹ 50,388 ₹ 985,487
₹ 864,000 ₹ 50,388 ₹ 1,114,056
₹ 864,000 ₹ 54,420 ₹ 1,249,346
₹ 864,000 ₹ 54,420 ₹ 1,400,274
₹ 864,000 ₹ 54,420 ₹ 1,563,735
₹ 864,000 ₹ 54,420 ₹ 1,740,723
₹ 864,000 ₹ 54,420 ₹ 1,932,310
₹ 864,000 ₹ 58,773 ₹ 2,135,298