Zyed Khan, Mumbai, zyedkhan11@gmail.com

I am 40, and the sole earning member of my family with a monthly income of Rs 2 lakh. Please recommend a few investment options with a mix of equity, debt, and fixed income. My estimated withdrawals are for the following: 2028 - Rs 30 lakh for my elder daughter’s graduation 2031 - Rs 60 lakh for elder daughter’s post-graduation 2030 - Rs 1 crore for buying a home 2035- Rs 60 lakh for my younger daughter’s graduation 2038 - Rs 1 crore for my younger daughter’s post-graduation 2036 - Rs 50 lakh for my elder daughter’s wedding 2044 - Rs 70 lakh for my younger daughter’s wedding Retirement- Rs 1.5 crore for non-provident fund, and Rs 2 crore for provident fund

For your first requirement, you will have to invest Rs 25,000 in a Systematic Investment Plan (SIP) every month. Expect a return of 8-9 per cent for an investment of 8 years, with a 7 per cent inflation. Here the amount - Rs 30 lakh required - is assumed to be in future value.

For the second requirement, you will have to invest Rs 22,750 in SIP every month for 11 years, with an expected return of 12 per cent, at an inflation of 7 per cent.

For the fourth requirement, invest Rs 13,000 in SIP every month for 11 years, with an expected return of 12 per cent and inflation of 7 per cent.

The remaining goals can be calculated similarly. One needs to consider many aspects while investing - like having an asset allocation, based on the number of years required to achieve the goals. A yearly review is vital, as depending on the annual review, some funds might require changes.

Here we have considered 7 per cent education inflation.

Debt funds and a mix of equity, hybrid funds could be chosen for a 5-8 year, with an expected return of 8-9 per cent. And for over 10 years, diversified and aggressive allocation funds could be chosen.

For better clarification and customised planning, please contact a financial planner.

Hina Shah, Certified Financial PlannerCM, LUHEM Financial Planner, and Coach