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Financial Plan Date: June 01, 2011

Strictly Private & Confidential

Comprehensive Financial Plan of Philip Naronha & Family

Prepared By

Sadique Neelgund
CFP Practitioner & Founder, Network FP Ground Floor, Yugaramb, Next to Marathon Nextgen, Lower Parel - 400 013 Mobile: 9867209208, Email: sadique@networkfp.com, Website: www.networkfp.com

Financial Plan of Philip Naronha and Family

01 June 2011
Philip Naronha 401, Vinayak CHS Sector 18 Vashi Navi Mumbai

Dear Mr. Philip Naronha

Thank you for giving us an opportunity to prepare your financial flan. We appreciate your proactive approach in achieving financial goals, fulfilling family commitments and also take control of your personal finance matters. The enclosed comprehensive financial plan of your family analysis your current financial situation & future financial goals and provides financial planning recommendations and an action plan to bridge the gap between two by address them on a timely basis. The plan is prepared based on the information provided by you of your current circumstances and future objectives. Please read the plan carefully to check for accuracy of the information provided. However, it needs to be monitored on an ongoing basis and updated in response to changes in your own circumstances and other factors such as government regulations, market movements and macro economy. We shall be glad to provide you with our ongoing services to implement & monitor your financial plan to ensure you meet your financial goals. Kindly read our disclaimer & disclosure on the last page. Please feel free to contact us if you need any clarifications or information.

Thanking you once again Yours Sincerely

____________________ Sadique Neelgund CFP Practitioner & Founder, Network FP

Prepared by Sadique Neelgund, CFP CM

Page 2 of 36

Financial Plan of Philip Naronha and Family

Table of Contents
S. No. Section Page No.

Executive Summary
1 2 3 4 5 6 Family Details Client Goals & Objectives Goal Funding Map Key Figures in Graphical Representation One Year Action Plan Product Recommendations

4
5 6 7 8-9-10 11 12

Current Financials
1 2 3 4 5 6 7 Income Expenditure Statement (Cashflows) Assets & Liabilities Statement (Networth) General Insurance Policies Life Insurance Policies Fixed Deposits & Debt Instruments Mutual Funds Equity Shares

13
14-15 16-17 18 19 20 21 22

Future Goals
1 2 3 4 5 6 7 8 9 10 Financial Plan Assumptions Life Insurance Needs General Insurance Needs Contingency Funding Child 1 Future - Veljon Child 2 Future - Vanessa Retirement Planning House Purchase Car Purchase International Vacation

23
24 25 26 27 28 29 30 31 32 33

5 Year Cashflows
1 2 Disclaimer & Discloser Acknowledgement & Feedback

34
35 36

Prepared by Sadique Neelgund, CFP CM

Page 3 of 36

Financial Plan of Philip Naronha and Family

Executive Summary

Contents
S. No. 1 2 3 4 5 6 Family Details Client Goals & Objectives Goal Funding Map Key Figures in Graphical Representation One Year Action Plan Product Recommendations Section Page No. 5 6 7 8-9-10 11 12

Prepared by Sadique Neelgund, CFP CM

Page 4 of 36

Financial Plan of Philip Naronha and Family

Family Details & Goals


Particulars Name Husband Philip Naronha 02-Nov-65 Wife Lina Naronha 08-Oct-70 Child-1 Veljon Child-2 Vanessa Father 0 Mother 0

Date of Birth

06-Jan-97

10-Aug-99

00-Jan-00

00-Jan-00

Current Age

46

41

14

12

111

111

Family Goals
Graduation

Post Graduation

Marriage

Retirement

House

Car

Vacations

Contingency Funds

Life Insurance

Health Insurance

Estate Planning

Prepared by Sadique Neelgund, CFP CM

Page 5 of 36

Financial Plan of Philip Naronha and Family

Family Goals & Planner Comments


Family Goals Planner Comment

Veljon's Future
You would like to arrange 10 Lakhs All the goals related to Child 1 can be achieved with monthly for Graduation at 18 and 10 lakhs for investments of Rs. 10,000. We have utilized your existing insurance his PG at 22 and 5 lakhs for Marriage policies & shares for these goals at 26 in today's value.

Vanessa's Future
You would like to arrange 10 Lakhs All the goals related to Child 2 can be achieved with monthly for Graduation at 18 and 10 lakhs for investments of Rs. 8,500. We have utilized your existing insurance his PG at 22 and 5 lakhs for Marriage policies & shares for these goals at 26 in today's value.

Retirement Corpus
You would like to accumulate an investment corpus to fund your retirement expenses from age 60 to 80. You need to start investing Rs. 12,000 pm in equity portfolio. We have utilized your employment benefits i.e. EPF & Superannuation towards this goal.

House Purchase
You would like to purchase a 2-3 BHK You can achieve this goal by making a downpayment from resale flat in the next 4 years costing around value of existing house & plot and taking a fresh 10 year tenure 60 lakhs in today's value in Navi home loan Mumbai

Life Insurance
You would like to protect your You are considerably under-insured for current family lifestyle, family's lifestyle, fulfil current commitments and liabilities. Buy 60 Lakhs of insurance coverage on liabilities and commitments in case of an immediate basis pre-mature death.

Health/General Insurance
You would like to get insured for Though you have cover from your employer as benefit, it is ideal to medical & other emergencies so have your own comprehensive health cover for all family members thats the situation doesnt drain out and Critical Illness policy. your assets/savings

Car Purchase
You would like to purchase a car in the next 6 years costing around 8 lakhs in today's value You would like to go on an international vacation in the next 4 years costing around 3 lakhs in today's value You can allocate Rs. 2 lakhs from your existing savings account for this goal. And also start fresh investments of 6000 pm

International Vacation
You can allocate your Fixed Deposits & KVP for this goal and invest around Rs. 2000 in Recurring Fixed Deposits

Prepared by Sadique Neelgund, CFP CM

Page 6 of 36

Financial Plan of Philip Naronha and Family

Goal Funding Map


S No. Particulars Present Value No of Yrs Future Value Current Assets Amount Future Assets Amount

Veljon's Future
1 2 3 Veljon - Graduation Veljon - Post Grad Veljon - Marriage Total 10,00,000 10,00,000 5,00,000 25,00,000 4 8 12 12,75,088 Policies 16,71,380 Policies, Shares 10,95,419 40,41,887 10,37,100 Monthly SIP 12,68,032 Monthly SIP 23,05,132 Monthly SIP 4,578 2,722 3,414 10,713

Vanessa's Future
4 5 6 Vanessa - Graduation Vanessa - Post Grad Vanessa - Marriage Total 10,00,000 10,00,000 5,00,000 75,00,000 6 10 14 15,19,485 MFs 19,91,735 Policies 13,05,379 Policies, Gold 1,29,00,373 13,38,035 Monthly SIP 4,13,659 9,58,382 73,20,340 Monthly SIP Monthly SIP 1,655 6,259 715 30,056

Retirement Corpus
Retirement Corpus NA 14 1,71,39,449 EPF,SA,Gratuity 1,11,02,119 Monthly SIP 12,047

House Purchase
7 8 Downpayment Loan Funding Total 66,00,000 66,00,000 4 10 57,97,836 38,65,224 96,63,060 Resale, Plot NA 57,83,195 NA 57,83,195 Monthly SIP EMI 247 53,243

Car Purchase
9 10 Downpayment Loan Funding Total 8,00,000 8,00,000 6 5 12,00,584 0 12,00,584 Resale, SB A/C NA 5,62,113 NA 5,62,113 Monthly SIP EMI 6,424 0

International Vacation
11 Int Vacation 3,00,000 4 3,93,239 FD & KVPs 2,86,751 Monthly SIP 1,798

Prepared by Sadique Neelgund, CFP CM

Page 7 of 36

Financial Plan of Philip Naronha and Family

Key Figures in Graphs


Current Asset Allocation
Liquid Debt Gold Equity Real Estate 8.2%

Real Estate 55.3% 10%


22.6%

4.3%

Liquid 8%

9.7%

Equity 23%

Gold 4%

Debt 55%

Your Networth
Networth Total Liabilities Personal Assets Total Assets Investment Assets Investment Assets Personal Assets Total Assets 87,42,292 4,60,000 92,02,292 46,52,292 45,50,000
92,02,292 45,50,000 46,52,292

Total Liabilities

4,60,000

Networth

87,42,292

Prepared by Sadique Neelgund, CFP CM

Page 8 of 36

Financial Plan of Philip Naronha and Family

Key Figures in Graphs


Income Expenditure Statement
Income Household Expenses Lifestyle Expenses 1 2,52,000 1,38,000 2,57,280 1,03,532 15,276 6,27,444 5,23,912

Dependents Expenses 60,000 2,52,000 Pure Insurance 15,276 1,38,000 Premiums Loan Servicing 2,57,280 60,000 1 Savings 6,27,444 Regular Investments Surplus (Potential Invest.) 1,03,532 5,23,912

Risk Return Assumption


Liquid16.00% Debt Gold
14.00% 12.00% 10.00% 8.00% 6.00% Liquid, 5.00% 4.00% 2.00% 0.00% 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5

5.00% 8.00% 10.00% 10.00% 14.00%


Debt, 8.00% Gold, 10.00%

Real Estate, 14.00%

Equity Return Real Estate

Equity, 10.00%

Risk

Prepared by Sadique Neelgund, CFP CM

Page 9 of 36

Financial Plan of Philip Naronha and Family

Key Figures in Graphs


Life Insurance Requirement
Current Life Insurance Cover Current Assets providing cover Present Value of Future Income of Spouse Additional Life Insurance Requirement Additional Life Insurance Requirement 53% Current Assets providing cover 36% Present Value of Future Income of Spouse 0% 12,45,500 41,88,754 0 61,04,518 Current Life Insurance Cover 11%

Retirement Corpus Utilization


2,50,00,000

Age
2,00,00,000
61 62 63

Corpus
1,71,39,449 1,75,88,634 1,80,00,209 1,83,65,189 1,86,73,373 1,89,13,212 1,90,71,648 1,91,33,949 1,90,83,522 1,89,01,704

Annual Expenses
-10,32,641 -11,04,926 -11,82,271 -12,65,030 -13,53,582 -14,48,333 -15,49,716 -16,58,196 -17,74,270 -18,98,469

Balance
1,61,06,808 1,64,83,708 1,68,17,938 1,71,00,159 1,73,19,791 1,74,64,879 1,75,21,932 1,74,75,753 1,73,09,252 1,70,03,235

1,75,88,634 1,80,00,209 1,83,65,189 1,86,73,373 1,89,13,212 1,90,71,648 1,91,33,949 1,90,83,522 1,89,01,704 1,85,67,532

Balance Growth

1,50,00,000
64 65

1,00,00,000

66 67

50,00,000 68
69

0 70
1
71

10

11

12

13

14

15

16

17

18

19

20

1,85,67,532 1,80,57,498

-20,31,362

1,65,36,171 1,58,83,941

1,80,57,498

-50,00,000 72

Series2
-21,73,557

Series3
1,73,45,264

Prepared by Sadique Neelgund, CFP CM

Page 10 of 36

Financial Plan of Philip Naronha and Family

One Year Action Plan


S No What Invest Insurance Surrender Amounts in Equity Mutual Funds Switch Reliance & HDFC MFs as recommended Liquidate Equity Shares & buy ETFs or MF / Seek expert advice Invest 2 lakhs from Savings account into Equity MFs Start Rs. 20,000 SIP in Mutual Funds / ETFs after company bonus Start Rs. 12,000 SIP in Mutual Funds / ETFs Start Rs. 3,000 SIP in Mutual Funds / ETFs Start Rs. 5,000 RD in Fixed Deposits Why When How Through MF Distributor/ Network FP Through MF Distributor/ Network FP Through Stock Broker/ Network FP Through MF Distributor/ Network FP Through MF Distributor/ Network FP Through MF Distributor/ Network FP Through MF Distributor/ Network FP Through Bank / Network FP Through Self / Network FP Through Insurance Agent / Network FP Through Insurance Agent / Network FP Through Insurance Agent / Network FP

Investments
1 2 3 4 5 6 7 8 Daughter's PG & Marriage Corrective Action Corrective Action Car Purchase Children's Future Retirement Planning Car Purchase Vacation / Car 6-12 months 0-3 months 0-3 months 6-12 months 0-3 months 0-3 months 0-3 months 0-3 months

Insurance
1 2 3 4 Surrender Komal Jeevan & Jeevan Bharti Policies Buy Term Life Insurance Cover of Rs. 60 Lakhs for self Buy Health Insurance of Rs. 3 Lakhs covering all family members Buy Critical Illness of Rs. 10 Lakhs each for self & spouse Corrective Action Life Cover Health Cover Critical Cover Within 3 months Within 3 months Within 3 months Within 3 months Within 3 Months

Others
1 2 3 4 5 6 7 Maintain 1.5-2 Lakhs in Savings account Contingency & covert into flexi a/c Planning Organize and Consolidate all your financial documents (preferably online) Ensure proper nomination of all Estate Planning investment & physical assets Make a Will Estate Planning Through Self Through Self / Network FP Through Self / Network FP Through Self / Network FP Call / Mail Call / Meet Meeting after 1 Year

Within 3 months Within 3 months NA Every 3 months After 1 Year

Take second opinion before making any Preventive investment/insurance decision Action Quarterly Reviews of Progress on Action General Plan Annual Review of Financial Plan General

Prepared by Sadique Neelgund, CFP CM

Page 11 of 36

Financial Plan of Philip Naronha and Family

Product Recommendations
S No Products Amount Type Source Goal

Diversified Equity Mutual Funds


1 2 3 4 5 6 7 8 9 DSP Blackrock Top 100 Fund (G) Franklin India Bluechip Fund (G) HDFC Equity Fund (G) HDFC Top 200 Fund (G) ICICI Pru Discovery (G) Kotak Opportunities Fund (G) Reliance Growth Fund (G) Reliance Regular Savings Equity (G) SBI Magnum Contra (G) 5,000 5,000 50,000 5,000 5,000 50,000 5,000 50,000 5,000 5,000 SIP SIP Lumpsum SIP SIP Lumpsum SIP Lumpsum SIP SIP
Monthly Savings Monthly Savings Insurance Surrender Monthly Savings Monthly Savings Insurance Surrender Monthly Savings Insurance Surrender Monthly Savings Monthly Savings

10 Sundaram-BNPP Select Midcap (G)

Exchange Traded Funds (ETFs)


1 2 Nifty Bees Nifty Junior Bees 1,00,000 1,00,000 Lumpsum Lumpsum
Bank Balance Bank Balance

Deposits (Corporate / Bank)


1 2 S No HDFC State Bank of India Products Cover Premium Source Goal 5,000 RD
Monthly Savings

Term Life Insurance


1 3 LIC Amulya Jeevan HDFC Standard Life Term 30,00,000 30,00,000
Insurance Surrender Insurance 15,000 Surrender

15,000

Health Insurance
1 2 Apollo Munich Family Floater National Insurance 3,00,000 10,000
Insurance Surrender

Personal Accident
1 Apollo Munich

Critical Illness
1 Bajaj Allianz 10,00,000 15,000
Insurance Surrender Page 12 of 36

Prepared by Sadique Neelgund, CFP CM

Financial Plan of Philip Naronha and Family

Current Financials

Contents
S. No. 1 2 3 4 5 6 7 Section Income Expenditure Statement (Cashflows) Assets & Liabilities Statement (Networth) General Insurance Policies Life Insurance Policies Fixed Deposits & Debt Instruments Mutual Funds Equity Shares Page No. 14-15 16-17 18 19 20 21 22

Prepared by Sadique Neelgund, CFP CM

Page 13 of 36

Financial Plan of Philip Naronha and Family

Income Expenditure Statement


Income (Net of Taxes)
S.No. 1 2 3 4 5 Annual Incomes Salary Income Performance Bonus Business Income Rental Income Investment Income Total Income Monthly 87,500 25,000 0 0 0 1,12,500 Annual 10,50,000 3,00,000 0 0 0 13,50,000 100% % of Income

Regular Investments
S.No. 1 2 3 4 5 Particulars Insurance Premiums (Investments) Mutual Fund SIPs Recurring Deposits (RDs) PPF/EPF Others Regular Monthly Investments Potential for Additional Reg Investments Monthly 8,628 0 0 0 0 8,628 43,659 Annual 1,03,532 0 0 0 0 1,03,532 5,23,912 8% 39% % of Income

Prepared by Sadique Neelgund, CFP CM

Page 14 of 36

Financial Plan of Philip Naronha and Family

Expenditures
S.No. Particulars Monthly Annual % of Income

Household Expenses
1 2 3 4 5 6 Grocery & Toiletries House - Rent, Maintenance, Repair Conveyance, Fuel & Maintenance Medicines / Doctor / Healthcare Electricity / Water / Labour / AMCs Mobile / Telephone / Internet Sub-total of Household Expenses 7,000 2,000 7,000 1,000 3,000 1,000 21,000 84,000 24,000 84,000 12,000 36,000 12,000 2,52,000 19%

Lifestyle Expenses
1 2 3 4 5 5 Clothes & Accessories Shopping, Gifts, Whitegoods, Gadgets Dining / Movies / Sports Personal Care / Others Coach - Financial, Fitness, Personal Travel & Annual Vacations Lifestyle Expenses 3,000 1,500 1,000 500 1,500 4,000 11,500 36,000 18,000 12,000 6,000 18,000 48,000 1,38,000 10%

Dependent Expenses
1 2 Children's Schooling/College Contribution to Parents, Siblings etc Dependent Expenses 5,000 0 5,000 60,000 0 60,000 10%

Insurance Premiums
1 2 Life Insurance (Term) General Insurance Insurance Premiums 0 1,273 1,273 0 15,276 15,276 1%

Loan Servicing
1 2 3 Home Loan EMIs Vehicle Loan EMIs Personal Loan EMIs Loan Servicing 21,440 0 0 21,440 2,57,280 0 0 2,57,280 19%

Net Outflows

60,213

7,22,556

54%

Savings (Inflows-Outflows)

52,287

6,27,444

46%

Prepared by Sadique Neelgund, CFP CM

Page 15 of 36

Financial Plan of Philip Naronha and Family

Investment Assets
S No Particulars Total Goals Mapped Remarks

Liquid
1 2 Savings Bank/Cash in Hand Receivables Total Liquid Assets 3,80,000 0 3,80,000 8% Contingency, Car

Debt
1 2 3 4 5 6 7 Fixed Deposits PPF (Public Provident Fund) EPF + SA + Gratuity NSC / POMIS / KVP / RDs etc Debt Mutual Funds Traditional Insurance Policies SV Bonds/Debentures/CDs Total Debt Assets 1,39,025 0 17,00,422 74,443 0 6,57,856 0 25,71,746 55% Children's Future Retirement Int. Vacation Int. Vacation

Equity
1 2 3 Direct Equity Equity Mutual Funds Unit-linked Insurance SV Total Equity Assets 3,24,832 7,25,714 0 10,50,546 23% Children's Future Children's Future

Gold
1 2 ETFs/ Mutual Funds Gold Bars / Coins etc Total Gold 0 2,00,000 2,00,000 4%

Real Estate
1 2 3 Apartment / House Plot / Land / Holiday Home Real Estate Funds / REITs Real Estate 0 4,50,000 0 4,50,000 10%

Investment Assets

46,52,292

100%

Prepared by Sadique Neelgund, CFP CM

Page 16 of 36

Financial Plan of Philip Naronha and Family

Networth Statement
S No Particulars Total Goals Mapped Remarks

Investment Assets
1 2 3 4 5 Liquid Debt Equity Gold Real Estate Total Investment Assets 3,80,000 25,71,746 10,50,546 2,00,000 4,50,000 46,52,292

Personal Assets
1 2 3 Residential Property Vehicles Jewellery Total Personal Assets 35,00,000 4,50,000 6,00,000 45,50,000 House Car Unassigned

Personal Liabilities
1 2 3 4 5 6 Home Loan Vehicle Loan Personal Loan Education Loan Gold Loan Credit Card Total Liabilities 4,60,000 NA NA NA NA NA 4,60,000

Networth Statement
A B C Total Investment Assets Total Personal Assets Total Personal Liabilities 46,52,292 45,50,000 4,60,000

Your Networth (A+B-C)

87,42,292

Prepared by Sadique Neelgund, CFP CM

Page 17 of 36

Financial Plan of Philip Naronha and Family

Current General Insurance Policies


S No. 1 2 3 4 5 6 7 8 Type Health Insurance Critical Illness Personal Accident Householders Policy Home Loan Assurance Motor Insurance Group Mediclaim Bajaj Allianz NA 3,00,000 10,00,000 15,276 NA NA Car Self & Spouse Self 15 Sep 2012 Continue Policy Name Sum Insured Annual Premium Insured End / Renewal Date Recommendation

Company Sponsored Company Group Personal Accident Sponsored

Total Premium

15,276

Prepared by Sadique Neelgund, CFP CM

Page 18 of 36

Financial Plan of Philip Naronha and Family

Current Life Insurance Policies


S No Policy Name Type Premium (pa) PPT Start Date Maturity Date Life Cover Surrender Value Maturity Value Yield Recomme ndation Goals Mapped Years Reinve Returns Goal Amount

Philip Naronha
1 2 3 4 Total 46,106 12,45,500 4,63,538 13,39,400 Endowment Policy With Profits Jeevan Mitra with Profits New Moneyback Plan 93 Endowme nt Endowme nt Moneybac k 36,404 4,464 5,238 15 25 25 Nov-00 Apr-95 Nov-91 Nov-15 Apr-20 Nov-16 7,45,500 3,00,000 2,00,000 3,22,922 64,474 76,142 8,41,500 3,02,300 1,95,600 5.24% 7.00% 6.73% Continue Continue Continue Child 1 Grad Child 1 PG Child 1 Grad 0 0 0 0.00% 0.00% 0.00% 8,41,500 3,02,300 1,95,600

Lina Naronha
1 2 Moneybac k Money-Back with Moneybac Profit + AB k Jeevan Bharti Total 15,110 6,409 21,519 20 20 Aug-03 Jul-00 Aug-23 Jul-20 2,66,000 1,46,100 4,12,100 32,768 32,285 65,053 3,70,000 1,92,600 5,62,600 2.81% Surrender 5.61% Continue Child 2 Marriage Child 1 PG 14 0 13.00% 0.00% 1,85,478 1,92,600

Veljon
1 2 Total 0 0 0 0 0 0

Vanessa
1 2 Total Prepared by Sadique Neelgund, CFP CM 35,907 5,00,000 1,29,265 14,85,000 Page 19 of 36 Komal Jeevan Children's 35,907 18 Sep-05 Sep-31 5,00,000 1,29,265 14,85,000 5.81% Surrender Child 2 PG 10 12.10% 4,13,659 0

Financial Plan of Philip Naronha and Family

Current Debt Instruments


S No. Instrument Investment Investment Interest % Date Value 19-Dec-09 4-May-10 50,000 75,000 8.50% 9.00% Current Value Maturity Date Maturity Value 64,350 97,953 Recommen dation Continue Continue Goals Mapped Years Reinvest 2.00 1.50 Returns Goal Amount 75,894 1,10,857

Bank Deposits
1 2 3 4 ICICI FD ICICI FD 56,482 19-Dec-12 82,543 4-May-13 Int Vacation 8.60% 8.60%

Post Office Deposits


1 2 3 KVP 6-May-06 50,000 8.00% 74,443 6-Dec-14 1,00,000 Continue Int Vac. 0.00 0.00% 1,00,000

Company Deposits
1 2 3

Total

2,13,468

2,86,751

Prepared by Sadique Neelgund, CFP CM

Page 20 of 36

Financial Plan of Philip Naronha and Family

Current Mutual Funds


S No Fund Name Ongoing Investment Investment SIP Date Value Current Value Returns Recommendati (CAGR) on Goals Mapped Years Returns Reinvest Goal Amount

Equity Mutual Funds


1 2 3 4 5 6 7 8 9 10
Fidelity Tax Advantage Fund Dividend Kotak 30 Equity - Growth DSP BR Top 100 - Growth Reliance Infrastructure Fund Principal Personal Tax Saver Dividend Payout UTI Wealth Builder Fund Sundaram BNP Paribas Tax Saver Growth HDFC Premium Multicap Fund

22-Apr-09 22-Apr-09 22-Apr-09 22-Apr-09 22-Apr-09 22-Apr-09 22-Apr-09 22-Apr-09

60,000 60,000 60,000 15,000 10,000 10,000 15,000 3,00,000

67,210 65,000 61,700 17,177 12,347 15,310 15,926 4,71,044

5.5% 3.9% 1.3% 6.6% 10.5% 22.4% 2.9% 23.8%

Continue Continue Continue Switch to Reliance Growth Continue Continue Continue Split into HDFC Top 200 & HDFC equity

6 6 6 Child 2 Graduation 6 6 6 6 6

10.40% 10.40% 10.40% 10.40% 10.40% 10.40% 10.40% 10.40%

1,23,918 1,19,844 1,13,759 31,670 22,765 28,228 29,364 8,68,487

Total Equity Funds

5,30,000

7,25,714

13,38,035

Debt-Oriented Mutual Funds


1

Total Debt Funds

Prepared by Sadique Neelgund, CFP CM

Page 21 of 36

Financial Plan of Philip Naronha and Family

Current Equity Portfolio


Sr. No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Script Name Adani Power Areva T&D AXIS Bank Bajaj Hind Bharti Airtel Hind Zinc Hindalco ICICI Bank Infosys Larsen Mahindra Satyam NHPC Reliance SBI Suzlon Energy No of Shares 200 100 35 100 50 25 130 20 10 20 250 500 20 10 200 Investment Value 20,000 29,600 32,075 20,163 16,090 24,185 17,375 17,000 25,325 28,080 25,250 18,000 20,940 22,000 16,375 Current Value 21,520 27,015 36,010 17,200 14,280 26,431 18,311 16,347 24,987 28,661 24,275 16,075 20,200 18,950 14,570 Returns (Absolute) 7.60% -8.73% 12.27% -14.70% -11.25% 9.29% 5.39% -3.84% -1.33% 2.07% -3.86% -10.69% -3.53% -13.86% -11.02% Recommendation Goals Mapped Years Reinvest 8 8 8 8 8 8 Returns Goal Amount 12.10% 12.10% 12.10% 12.10% 12.10% 12.10% 12.10% 12.10% 12.10% 12.10% 12.10% 12.10% 12.10% 12.10% 12.10% 51,220 64,298 85,707 40,938 33,988 62,908 43,582 38,907 59,472 68,216 57,777 38,260 48,078 45,103 34,678

Invest in ETFs to consolidate or take expert advice

Child 1 PG

8 8 8 8 8 8 8 8

Total

3,32,458

3,24,832

-2.29%

7,73,132

Prepared by Sadique Neelgund, CFP CM

Page 22 of 36

Financial Plan of Philip Naronha and Family

Future Goals

S. No. 1 2 3 4 5 6 7 8 9 10 Financial Plan Assumptions Life Insurance Needs General Insurance Needs Contingency Funding Child 1 Future - Veljon Child 2 Future - Vanessa Retirement Planning House Purchase Car Purchase International Vacation

Section

Page No. 24 25 26 27 28 29 30 31 32 33

Prepared by Sadique Neelgund, CFP CM

Page 23 of 36

Financial Plan of Philip Naronha and Family

Financial Plan Assumptions


S.No. Assumption 1 2 3 3 4 5 6 Inflation Income Growth Current Age Retirement Age Life Expectancy Tax Bracket Loan Rates Sub-category General Inflation Philip Naronha Philip Naronha Philip Naronha Philip Naronha Philip Naronha Home Loan Liquid 7 Asset Returns Debt Gold Figure 7% 10% 46 60 80 30% 11% 5% 8% 10% Sub-category Education Costs Lina Naronha Lina Naronha Lina Naronha Lina Naronha Lina Naronha Vehicle Loan Real Estate Equity 80 NA 13% 10% 14% Figure 7% 10% 41

Investment Returns Assumptions


S.No. Particulars
Average Post Tax Returns 0-1 Year Allocation 0-1 Year Returns 2-3 Year Allocation 2-3 Year Returns 4-6 Year Allocation 4-6 Year Returns 7-10 Year Allocation 7-10 Year Returns 11+ Year Allocation 11+ Year Returns Retirement Allocation Income Retirement Returns Generati on Insurance Allocation Insurance Returns

Liquid
5.00% 100.00% 5.00% 10.00% 0.50% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 10.00% 0.50% 10.00% 0.50%

Debt
8.00% 0.00% 0.00% 75.00% 6.00% 60.00% 4.80% 25.00% 2.00% 10.00% 0.80% 65.00% 5.20% 50.00% 4.00%

Gold
10.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 10.00% 1.00% 10.00% 1.00% 0.00% 0.00% 10.00% 1.00%

Real Est.
10.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Equity
14.00% 0.00% 0.00% 15.00% 2.10% 40.00% 5.60% 65.00% 9.10% 80.00% 11.20% 25.00% 3.50% 30.00% 4.20%

Total
NA 100.00%

Short Term

5.00%
100.00%

8.60%
100.00%

Medium Term

10.40%
100.00%

Long Term

12.10%
100.00%

13.00%
100.00%

9.20%
100.00%

9.70%
Page 24 of 36

Prepared by Sadique Neelgund, CFP CM

Financial Plan of Philip Naronha and Family

Life Insurance Needs


Client Goal / Requirement
You would like to protect your family's lifestyle, fulfil current liabilities and commitments in case of premature death.
Picture

Calculations
Sr. No. Particulars Amount Remarks/Notes

Outstanding Liability
1 Home Loan Total Outstanding Liability (A) 4,60,000 4,60,000

Family Goals & Commitments


1 2 3 4 Children's Education & Marriage Children's Primary Education Contribution to Dependents House Purchase (First House only) Total Family Goals & Commitments (B) 36,54,751 34,15,770 2,38,981

Corpus for Regular Expenses


1 2 3 4 5 6 7 10 11 Household Expenses Lifestyle Expenses Total Expenses Discounting Factor Current Annual Expenses Remaining Life of Spouse Inflation Rate Tax Adjusted Returns Net Returns (Real Rate of Return) Corpus for Regular Expenses in Future (C) 2,52,000 1,38,000 3,90,000 25% 2,92,500 39 7.00% 9.70% 2.52% 74,24,021

A+B+C
1 2 3

Total Life Insurance Required (D) 1,15,38,772 Current Resources Available


Life Insurance Sum Assured (on Husband) Current Investment Assets (Less SV of Client) Present Value of Future Earnings by Spouse Total Resources Available (E) 12,45,500 41,88,754 0 54,34,254

D-E

Additional Cover Required


Approximate Premium for Cover Required

61,04,518
30,000

Planner Comments /Observations


You are considerably under-insured for current family lifestyle, commitments and liabilities. Buy 60 Lakhs of insurance coverage on an immediate basis
Prepared by Sadique Neelgund, CFP CM Page 25 of 36

Financial Plan of Philip Naronha and Family

General Insurance Needs


Client Goal / Requirement
You would like to get insured for medical & other emergencies so thats the situation doesnt drain out your assets/savings
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Details
Sr. No. 1 2 3 4 5 6 Type Health Insurance Critical Illness Personal Accident Motor Insurance Householders Policy Home Loan Assurance Total Premium 25,000 Cover 3 Lakhs 10 Lakhs For All 4 Self+Spouse Approx. Annual Premium 10,000 15,000 Remarks

Planner Comments/Observations
Though you have cover from your employer as benefit, it is ideal to have your own comprehensive health cover for all family members and Critical Illness policy.

Prepared by Sadique Neelgund, CFP CM

Page 26 of 36

Financial Plan of Philip Naronha and Family

Contingency Funding
Client Goal / Requirement
You would like to have contingency funds in case of emergencies like job loss, medical issues or monetary help to relatives
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Calculations
Steps Particulars Amount Remarks/Notes

Current Monthly Expenses


1 2 3 4 5 Household Expenses Lifestyle Expenses Dependent Expenses Insurance Premiums Loan Servicing Total Monthly Expenses 21,000 11,500 5,000 1,273 21,440 60,213

Contingency Fund Requirement


Contingency Period (No. of Months) Total Contingency Funds Required In Savings Bank (For Regular Expenses) As Fixed Deposits (For Emergencies) 3 1,80,639 60,213 1,20,426 1-2 Months 2-4 Months 3-6 Months

Utilization of Current Assets


1 Savings Bank Balance Total Current Assets Utilized 1,80,639 1,80,639

Fresh Savings Required


1 2 Deficit (Funds Required-Assets Utilized) No. of Months in Savings Period 0 12

Monthly Savings Required Planner Comments / Observations

We have assigned the current bank balance and some fixed deposits towards having a contingency fund in place to meet emergencies.

Prepared by Sadique Neelgund, CFP CM

Page 27 of 36

Financial Plan of Philip Naronha and Family

Veljon's Future
Client Goal / Requirement
You would like to arrange 10 Lakhs for Graduation at 18 and 10 lakhs for his PG at 22 and 5 lakhs for Marriage at 26 in today's value.
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Calculations
Steps Present Value of Goal Goal Age Remaining Years for Goal Goal Year Expected Inflation of Expenses Future Value of Goal Endowment Policy + Moneyback Jeevan Mitra + Moneyback Equity Shares Current Assets Utilized Percentage of Goal on Track Shortfall to met by Fresh Investments Expected Investment Returns Lumpsum Investments 10,37,100 81% 2,37,988 10.40% 1,66,809 Details Graduation 10,00,000 18 4 2015 7.00% 12,75,088 PG 10,00,000 22 8 2019 7.00% 16,71,380 Marriage 5,00,000 26 12 2022 7.00% 10,95,419

Present Value of Goals

Utilization of Current Assets


10,37,100 4,94,900 7,73,132 12,68,032 76% 4,03,348 12.10% 1,69,467 0 0% 10,95,419 13.00% 2,65,648

Fresh Investments Required

Monthly Investments (Fixed) Planner Comments/Observations

4,578

2,722

3,414

All the goals related to Child 1 can be achieved with monthly investments of Rs. 10,000. We have utilized your existing insurance policies & shares for these goals

Prepared by Sadique Neelgund, CFP CM

Page 28 of 36

Financial Plan of Philip Naronha and Family

Vanessa's Future
Client Goal / Requirement
You would like to arrange 10 Lakhs for Graduation at 18 and 10 lakhs for his PG at 22 and 5 lakhs for Marriage at 26 in today's value.
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Calculations
Steps Present Value of Goal Goal Age Remaining Years for Goal Goal Year Expected Inflation of Expenses Future Value of Goal Komal Jeevan Jeevan Bharti Mutual Funds Gold Current Assets Utilized Percentage of Goal on Track Shortfall to met by Fresh Investments Expected Investment Returns Lumpsum Investments 13,38,035 88% 1,81,450 12.10% 89,540 4,13,659 21% 15,78,076 13.00% 4,54,569 13,38,035 7,72,904 9,58,382 73% 3,46,997 13.00% 61,303 Details Graduation 10,00,000 18 6 2017 7.00% 15,19,485 PG 10,00,000 22 10 2021 7.00% 19,91,735 4,13,659 1,85,478 Marriage 5,00,000 26 14 2025 7.00% 13,05,379

Future Value of Goals

Utilization of Current Assets

Fresh Investments Required

Monthly Investments (Fixed) Planner Comments/Observations

1,655

6,259

715

All the goals related to Child 2 can be achieved with monthly investments of Rs. 8,500. We have utilized your existing insurance policies & shares for these goals

Prepared by Sadique Neelgund, CFP CM

Page 29 of 36

Financial Plan of Philip Naronha and Family

Retirement Corpus
Client Goal / Requirement
You would like to accumulate an investment corpus to fund your retirement expenses from age 60 to 80.
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Calculations
Steps Particulars Amount Remarks/Notes

Current Annual Expenses


1 2 4 Household Expenses Lifestyle Expenses Total Monthly Expenses Total Annual Expenses 21,000 11,500 32,500 3,90,000

Future Annual Expenses @ Retirement Age


1 2 3 Inflation No. of Years for Retirement Retirement Year Expenses in the First Year of Retirement 7.00% 14 2025 10,32,641

Corpus Required to Fund Retirement Expenses


2 3 6 7 8 No. of Years in Retirement Inflation during Retirement Years Tax Adjusted Returns Net Returns Retirement Corpus 20 7.00% 9.20% 2.06% 1,71,39,449

Utilization of Employment Benefits


1 2 3 EPF Superannuation Gratuity Total Employment Benefits @ Retirement Percentage of Goal on Track 66,09,717 33,35,216 11,57,186 1,11,02,119 65%

Fresh Investments Required


1 4 5 Deficit (Corpus Required-Assets Utilized) Expected Investment Returns Lumpsum Funding Required (If Available) 60,37,331 13.00% 10,39,804

Monthly Investments (Fixed) Planner Comments/Observations

12,047

You need to start investing Rs. 12,000 pm in equity portfolio. We have utilized your employment benefits i.e. EPF & Superannuation towards this goal.
Prepared by Sadique Neelgund, CFP CM Page 30 of 36

Financial Plan of Philip Naronha and Family

House Purchase
Client Goal / Requirement
You would like to purchase a 2-3 BHK flat in the next 4 years costing around 60 lakhs in today's value in Navi Mumbai
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Calculations
Steps Particulars Amount Remarks/Notes

Future Value of House


1 2 4 Present Value of House Growth Rate of Real Estate Number of Years for Goal Future Cost of House 66,00,000 10.00% 4 96,63,060

Home Loan / Downpayment


1 2 3 4 Home Loan Funding Home Loan Amount Down-Payment Down-Payment Amount 40% 38,65,224 60.00% 57,97,836

Home Loan Feasibility


1 2 3 4 5 Expected Monthly Income while buying Ideal Percentage of EMI to Monthly Income Ideal Home Loan EMI Limit Home Loan Rate Home Loan Tenure (in Years) Home Loan EMI 1,64,711 35% 57,649 11% 10 53,243

Utilization of Current Assets for Down-payment


1 2 Resale Value of Current House Sale of Plot Total Current Assets Utilized Percentage of Goal on Track 51,24,350 6,58,845 57,83,195 100%

Fresh Investments Required for Down-payment


1 4 5 Deficit (Corpus Required-Assets Utilized) Expected Investment Returns Lumpsum Funding Required (If Available) 14,641 10.40% 9,856

Monthly Investments (Fixed) Planner Comments/Observations

247

You can achieve this goal by making a downpayment from resale value of existing house & plot and taking a fresh 10 year tenure home loan
Prepared by Sadique Neelgund, CFP CM Page 31 of 36

Financial Plan of Philip Naronha and Family

Car Purchase
Client Goal / Requirement
You would like to purchase a car in the next 6 years costing around 8 lakhs in today's value
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Calculations
S. No. Particulars Amount Remarks/Notes

Future Value of Car


1 2 3 4 5 6 Current On Road Price of the Car Inflation Current Age Number of Years for Goal Expected Age of Buying a Car Goal Year Future Value of Car 8,00,000 7.00% 46 6 52 2017 12,00,584

Loan vs. Downpayment


1 2 3 4 Vehicle Loan Vehicle Loan Amount Down-Payment Down-Payment Amount 0% 0 100% 12,00,584

Vehicle Loan EMI


1 2 3 Vehicle Loan Rate Vehicle Loan Tenure (in Years) Vehicle Loan EMI 13% 5 0

Utilization of Current Assets for Down-payment


1 2 Resale value of Car SB A/C surplus Re-investment Total Current Assets Utilized Percentage of Goal on Track 2,00,000 3,62,113 5,62,113 47%

Fresh Investments Required for Down-payment


1 4 Deficit (Corpus Required-Assets Utilized) Expected Investment Returns Lumpsum Funding Required (If Available) 6,38,471 10.40% 3,52,636

Monthly Investments (Fixed) Planner Comments/Observations

6,424

You can allocate Rs. 2 lakhs from your existing savings account for this goal. And also start fresh investments of 6000 pm
Prepared by Sadique Neelgund, CFP CM Page 32 of 36

Financial Plan of Philip Naronha and Family

International Vacation
Client Goal / Requirement
You would like to go on an international vacation in the next 4 years costing around 3 lakhs in today's value
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Calculations
S. No. Particulars Amount Remarks

Future Value of Vacation


1 2 3 4 5 6 Present Value of the Vacation Inflation Current Age Number of Years for Goal Expected Age of Going for Vacation Goal Year Future Cost of Vacation 3,00,000 7.00% 46 4 50 2015 3,93,239

Utilization of Current Assets


1 FDs & KVPs Total Current Assets Utilized Percentage of Goal on Track 2,86,751 2,86,751 73%

Fresh Investments Required


1 4 5 Deficit (Corpus Required-Assets Utilized) Expected Investment Returns Lumpsum Funding Required (If Available) 1,06,488 10.40% 71,684

Monthly Investments Required Planner Comments/Observations

1,798

You can allocate your Fixed Deposits & KVP for this goal and invest around Rs. 2000 in Recurring Fixed Deposits

Prepared by Sadique Neelgund, CFP CM

Page 33 of 36

Financial Plan of Philip Naronha and Family

5 Year Cashflows
S. No. 1 2 3 4 1 2 Particulars Philip Naronha Lina Naronha Veljon Vanessa Income (Husband) Income (Wife) Total Inflows Household Expenses Lifestyle Expenses Children's Schooling/College Contribution to Parents, Siblings etc Pure Insurance Premiums Loan EMIs Total Expenses Savings (Inflows-Outflows) PPF (Public Provident Fund) Recurring Deposits (RDs) Insurance Premiums (Investments) Mutual Fund SIPs Current Regular Investments Current Surplus (Savings-Invts) Veljon's Future - Graduation Veljon's Future - PG Veljon's Future - Marriage Vanessa's Future - Graduation Vanessa's Future - PG Vanessa's Future - Marriage Retirement Funding House Purchase Car Purchase International Vacation Total Fresh Investments Life Insurance Health Insurance Other Insurances Policy Surrenders (if any) Total Premiums Home Loan Total Loan EMIs Surplus after Recommendations Cumulative Surplus 2011 46 41 14 12 2012 47 42 15 13 14,85,000 0 14,85,000 2,69,640 1,47,660 64,200 0 16,345 2,57,280 7,55,125 7,29,875 0 0 1,03,532 0 1,03,532 6,26,343 54,936 32,661 40,963 19,864 75,112 8,578 1,44,558 2,967 77,088 21,581 4,78,308 30,000 10,700 15,000 -51,017 4,683 2013 48 43 16 14 16,33,500 0 16,33,500 2,88,515 1,57,996 68,694 0 17,489 0 5,32,694 11,00,806 0 0 1,03,532 0 1,03,532 9,97,274 54,936 32,661 40,963 19,864 75,112 8,578 1,44,558 2,967 77,088 21,581 4,78,308 30,000 11,449 15,000 -51,017 5,432 2014 49 44 17 15 17,96,850 0 17,96,850 3,08,711 1,69,056 73,503 0 18,714 0 5,69,983 12,26,867 0 0 1,03,532 0 1,03,532 11,23,335 54,936 32,661 40,963 19,864 75,112 8,578 1,44,558 2,967 77,088 21,581 4,78,308 30,000 12,250 15,000 -51,017 6,233 2015 50 45 18 16 19,76,535 0 19,76,535 3,30,321 1,80,890 78,648 0 20,024 0 6,09,882 13,66,653 0 0 67,128 0 67,128 12,99,525 0 32,661 40,963 19,864 75,112 8,578 1,44,558 2,967 77,088 21,581 4,23,372 30,000 13,108 15,000 -51,017 7,091

Age Schedule

Inflows
13,50,000 0 13,50,000 2,52,000 1,38,000 60,000 0 15,276 2,57,280 7,22,556 6,27,444 0 0 1,03,532 0 1,03,532 5,23,912 54,936 32,661 40,963 19,864 75,112 8,578 1,44,558 2,967 77,088 21,581 4,78,308 30,000 10,000 15,000 -51,017 3,983

Expenses
1 2 3 4 5 6

Regular Investments
1 2 3 4

Investment Recommendations
1 2 3 4 5 6 7 8 9 10

Insurance Recommendations
1 2 3 4

Loan Recommendations
1 0 41,621 41,621 0 1,43,352 1,84,974 0 5,13,534 6,98,508 0 6,38,794 13,37,302 0 8,69,062 22,06,364 Page 34 of 36

Prepared by Sadique Neelgund, CFP CM

Financial Plan of Philip Naronha and Family

Disclaimer & Disclosure


Disclaimer
A Financial Plan is a generic direction to your cash flows over a period of time. Your future financial condition may alter due to changes in income/expense patterns, new family commitments, macro economic scenario etc which may prompt you to alter some aspects of your goals and add new goals. Therefore this Financial Plan and the Cashflows depicted in it should be used to give you a long term direction for managing your personal finances while taking immediate actions as a step towards accomplishing your financial objectives. These recommendations are subject to review at the time when you are actually taking actions as recommended because of changes in legal circumstances, economic conditions etc. If considerable time has elapsed since the date of this plan, you should not act on any specific recommendation without further consideration with the planner.

Returns from each recommended investment will vary in line with market conditions and investment policies of the fund manager. Income and growth assumptions are intended as a guide only and should be treated with caution. The planner should not be held responsible for the accuracy of the same. Most equity/ growth investment are long term in nature and significant variations including capital loss, may occur over shorter periods. Neither the authorized representative nor the company guarantees the performance or return of capital on any of these investments. Performances of investments are subject to market risks. Past performances of a particular asset class or investment may not be the true indicator of their performance in future.

These recommendations are based on the information you have supplied. If any material information has been withheld or any inaccurate, these recommendations could prove to be inappropriate for you.

While we have made every attempt to ensure that the calculations contained in this Financial Plan are correct and complete, kindly note the plan may contain inaccuracies or errors due the manualcomputer interface involved in making the calculations and we expressly exclude liability for any such inaccuracies or errors. In the case where a error or omission is involved, you can request us to rectify the error or omission, we shall do needful.

Disclosure
If the product recommendation are implemented through us, we would receive applicable brokerage from all/some the investments recommended. We will be entitled to commission directly from product providers. We will be also eligible to other incentives including allowances and incentives based on volumes, discounted services and awards. However these benefits & compensation from the product manufacturers shall be disclosed to wherever applicable to you.

Prepared by Sadique Neelgund, CFP CM

Page 35 of 36

Financial Plan of Philip Naronha and Family

Acknowledgement & Feedback


I acknowledge that Sadique Neelgund of Network FP has submitted the Comprehensive Financial Plan for me and my family based on the details I had given to him / her during the Data Gathering Meeting. I understand the performance of the plan and desired results may vary based on factors like implementation of plan by me, change in assumptions, economic parameters, deviation in product performance etc. These are beyond the purview and control of the Financial Planner. I realize that financial planning is not a one time activity but an on-going activity to manage money and hence it needs to be monitored and reviewed regularly as recommended by the financial planner and or when there are changes in internal and external circumstances.

Feedback Form
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Date: Page 36 of 36

Prepared by Sadique Neelgund, CFP CM

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