Why Is Goal-Focused Investment Key To Long-Term Wealth?

Sudhir Kochhar, 49, runs a travel agency. His family comprises his wife, daughter Samiya (19), and son Shrihan (12). He counts himself as a happy and satisfied investor. His investments are goal-based, and he is also disciplined in his approach towards investing. Kochhar began investing in mutual funds about eight years ago. Since then, his portfolio has grown at a compounded annual growth rate (CAGR) of 13.8 per cent, with the debt-to-equity allocation being at a healthy 22:78 ratio. It was in July 2014 that Kochhar was introduced to Neeraj Chauhan, a mutual fund distributor and proprietor of The Financial Mall, a financial services firm. Says Chauhan: “One of our clients referred me to Kochhar. I was pleasantly surprised to see his desire to achieve certain goals, such as  children’s education, retirement, and financial freedom. He was quite sincere and clear-headed...