Girilal and Roshini are from Pune, aged around 45. They wanted to plan for their daughters’ education and their personal wealth for the next 15 years.
Girilal is working in the automobiles industry as a senior manager. He had switched his job twice in the last 20 years and is likely to continue with the current employer for the next 10-15 years. He continues to be excited about the current prospects and the growth potential of the industry and his current role. Roshini is a college professor in Pune and is also likely to continue her employment. They bought an apartment in Pune seven years ago, partially funded through a housing loan. They have a housing loan outstanding of ₹37 lakh and a car loan outstanding of ₹4.5 lakh. They are regularly paying the EMI but wanted to understand the merits, if any, of closing the loans. Girilal inherited a property that fetches a rental income. The family’s total income post tax is ₹3.6 lakh per month and they spend ₹2.6 lakh per month towards all the expenses, including housing loan and car loan repayments.
Both Girilal and Roshini have very little understanding of investment products and were afraid of losing money which prompted them to seek professional guidance. It was suggested to limit the exposure to equity-oriented investments up to 40 per cent, considering their long-term goals. They both were not keen on retirement planning and wanted to accumulate wealth in the next 15 years and wanted to live with the accumulated savings for the rest of their life. They were happy with the current lifestyle and wanted to ensure the same lifestyle as long as they worked. Providing good and quality education to both daughters was also a priority.
Review and Recommendations
* They did not have adequate life insurance and health insurance cover. With an additional term insurance cover for a sum assured of ₹1.7 crore for Girilal and ₹1.25 crore for Roshini, the family is well protected. It was also suggested to have a health insurance cover for ₹25 lakh in addition to the health cover provided by their respective employers.
* Both of them have a stable career and the fixed deposit part of their financial assets is enough for any short-term needs or emergencies. They also have enough liquidity in their overall financial assets.
* Since their first daughter is planning to do her undergraduate in Science stream next year in India, the expenses could be around ₹16 lakh at the higher end. They should allocate this amount from their ULIP maturity and Sukanya Samriddhi accounts. As she is planning for her post graduation (PG) in Singapore/Australia, they should allocate ₹25 lakh towards her expenses. Rest of the requirements for PG funding will be covered through expected scholarships/ educational loan.
* Similar amount needs to be allocated for their second daughter though she is not clear about her studies at this point of time. As they have four-seven years’ time-frame for this goal, it was advised to start a monthly investment of ₹40,000 in suitable instruments. Along with the expected growth of this investment, they need to fund the goal by way of Sukanya Samriddhi contributions in her name and partial allocation out of mutual fund investments mapped to this goal.
* After understanding the need to have a freehold property to get educational loan for their daughters, if needed for their post-graduation, they agreed to preclose the loan with the combination of two actions, one by liquidating a portion of RSU (restricted stock units) and the second by increasing the EMI by ₹20,000 per month. This will help them to close the housing loan in the next two years.
* With the above steps, they will be investing ₹40,000 per month towards their wealth accumulation goal from this year. This will increase to ₹1 lakh in the next two years when they close the housing loan. This amount will further increase to ₹1.4 lakh when the second daughter completes her graduation. The car loan EMI may continue as they may change their cars in future.
* With the annual contribution of ₹3.7 lakh into two EPF accounts, they stand a fair chance of accumulating ₹3.98 crore in the next 15 years in their PF kitty. They will also be accumulating around ₹90 lakh in their PPF account.
* They also stand a good chance of accumulating ₹7.86 crore with their disciplined savings and investment strategy in mutual funds in the next 15 years. These calculations do not include any additional investments with the expected income growth. If they are disciplined enough and manage their lifestyle expenses, they will be wealthy by ₹12-20 crore in the next 15 years.
While the plan may appear straightforward on paper, the true challenge lies in its execution. Implementing any investment strategy requires discipline and emotional control—qualities that are often tested in real-world market conditions.
Published on November 17, 2025
