Prashant and Srividya Nair are a salaried couple staying in the central suburbs of Mumbai.

Prashant works as a programmer for an IT firm, while Srividya works in the administration department of an FMCG company. Thefamily comprises of 6 members, Prashant & Srividya, their 2 kids and Prashants parents. Name Prashant Nair Srividya Dinesh Nair Lakshmi Nair Asha Vineet Age 38 35 74 70 7 5 Relationship Self Wife Father Mother Daughter Son Health History Healthy Healthy High BP. High BP, Diabetes Healthy Healthy

Their inflows, outflows & Networth details are given below. Inflows Monthly Prashant Srividya 64500 21000 85500 Outflows Household expenses Life insurance Total Outflow Investments PPF Surplus Networth Self Occupied home Savings Account PPF (both accounts) EPF (both accounts) 4200000 550000 400000 445000 5833.33 70000 46833.3 562000 27500 330000 Yearly 774000 252000 1026000

5333.33 64000 32833.3 394000

Stocks & Mutual funds 200000 Loans Networth -0 5795000

Srividya has decided to discontinue working after 1 year to concentrate on her childrens education. Both the kids are going to school and grand parents take the responsibility of looking after them during the day, in the absence of Prashant & Srividya. Prashant would like to continue working in the IT industry and the familys financial goals are enumerated below. INSURANCE Inspite of paying an annual premium of Rs. 64000, Prashant is covered for a sum assured of Rs. 12 lakhs while Srividya is covered for Rs. 400000. Prashants Employer provides group floater mediclaim cover of Rs. 300000 for the family of 4, excluding the parents. Parents are not covered by any form of medical insurance. FINANCIAL GOALS The following are the financial goals as enumerated by Prashant and Srividya in present value terms. 1. Educational funding of Asha Rs. 1 lakh each year from age 17 to 20 and Rs. 3 lakhs at her age of 21 years 2. Educational funding of Vineet Rs. 1 lakh each year from age 17 to 20 and Rs. 3 lakhs at his age of 21 years 3. Marriage funding of Asha Rs. 4 lakhs at her age of 26 years 4. Marriage funding of Vineet at his age of 27 years 5. Retirement in the year 2031 when Prashant turns 58 years old. Sr. No. Financial Goal Category:- Responsibilities Rs. 1 1.2 1.3 1.4 1.5 1.6 Daughters Education Required at Age 17 Years Required at Age 18 years Required at Age 19 years Required at Age 20 years Required at Age 21 years Sons Education Required at Age 17 Years Rs.100,000.00 13 2024 Rs.345,227 Rs.100,000.00 Rs.100,000.00 Rs.100,000.00 Rs.100,000.00 Rs.300,000.00 Rs.700,000.00 2 2.2 10 11 12 13 14 2021 2022 2023 2024 2025 Rs.259,374 Rs.285,312 Rs.313,843 Rs.345,227 Rs.1,139,250 Rs.2,343,005 Todays cost Approximate Year No. of Years to Goal Inflation Adjusted Cost Rs.

2.3 2.4 2.5 2.6

Required at Age 18 years Required at Age 19 years Required at Age 20 years Required at Age 21 years

Rs.100,000.00 Rs.100,000.00 Rs.100,000.00 Rs.300,000.00 Rs.700,000.00

14 15 16 17

2025 2026 2027 2028

Rs.379,750 Rs.417,725 Rs.459,497 Rs.1,516,341 Rs.3,118,540

3 4 5

Marriage of Daughter Marriage of son Retirement at Age 58years Expenses considered Corpus required

Rs.400,000.00 Rs.400,000.00

19 22

2029 2032

Rs.2,446,364 Rs.3,256,110

Rs.252,000.00

20 20

2027

Rs.1,070,458 Rs.22,953,250