Group Members:

Akanksha Mittal
Harshleen Kaur
Hina Singhal
Manit Sethi
Nidhi Kaintura
Ishita Aggarwal

Ashwin Kumar
48 years
20 lakhs (15 lakhs net of tax)
Government Officer
60 years
Spouse, 2 kids and Mother
Wife: Home-maker
Daughters: 22 years and 17 years resp.
Non-smoker or drinker
11.90
28.57
23.81
11.90
23.81
Expenditure %
Groceries
Schooling
Conveyance
Entertainment
Miscellaneous
39.87
32.68
27.45
Income break-up
Saving Account
Investments
Expenses
Total Monthly Salary= Rs. 1,25,000
MF= Rs. 20,000
Post office, MIS, ULIP, PPF= Rs. 30,000
Owns a house in NCR
Has to plan for Daughters Higher Education
Has to create a retirement corpus
Very conservative individual
Has surplus investible funds which could
be employed productively
Has no retirement planning except PF and
Pension from the Govt
ULIP historically low returns

Invest in LICs Jeewan Anand scheme, with
Yearly Premium of around 93 per 1000
(2,79,000 for Rs.30,00,000 sum assured)
Invest maturity proceeds (Rs. 48,00,000) in
MIS at post office for monthly pension for 5
years (Monthly interest 48,000)
Divert Funds from Savings Bank and ULIP to
SWPs and STPs
Invest in FMPs to get returns
Go for education loan in future to finance
higher education and get tax benefit