Personal Information

Financial Planning for next 5 year

First Name Vinod
Middle Name Sudhakar
Last Name Takale
Date of Birth 26-10-1980
Age 29
Marital Status Married
Address A1/ 803, Vikas Complex,
Castle Mill, Thane (W)

Contact No. 9820653781

Email Address v2dotcom@rediffmail.com
Occupation Service

Power of Attorney No
Will No

Family Details

First Name Last Name Relation Age

Kadambari Takale Spouse 26

Riya Takale Daughter 2

Sudhakar Takale Father 57

Surekha Takale Mother 52

Financial Planning
For Vinod Takale
Financial Planner - Income Structure
Current Next 5 Year
Income
Categories Per Month Per Annum Per Month Per Annum
Take Home Pay 25,000 300,000 42,000 504,000
Other Income #1 HRA
from LOP - - - -
Bonuses - 30,000 - 50,000
Other Income #2 - - - -

TOTAL INCOME 25,000.00 330,000.00 42,000.00 554,000.00

Deductible
Expenses
Household Expenses 7,000 84,000 12,000 144,000
EMI on Home loan 6,600 79,200 6,600 79,200
EMI on Personal Loan 4,530 54,360 - -
Charitable
Contributions - - -
Religious 100 1,200 500 6,000
Deductible Tax - - - -

Health
Life Insurance - - - -
Medical Insurance - Self - - - -
Medical Insurance -
Dependents 667 8,004 1,000 12,000
Medicine/Drug 1,000 12,000 1,500 18,000
Doctor/Dentist/Optomet
rist 500 6,000 1,000 12,000
Hospital - - - -

Total Deductible Expenses 20,397.00 244,764.00 22,600.00 271,200.00

Net amt avaliable for saving 4,603.00 85,236.00 19,400.00 282,800.00

** Bonus amount is kept for Emergency purpose ( which may be investment,

paying curtailment or other purpose)
** Salary is expected to growth 10% per annum
** Personal Loan will be payoff in next 3 year
Current monthly Investment
Amount avaliable for Saving after monthly Expense 4,603.00

Assets Class Description Amount Amount

(INR) (INR)

(A) Equity Direct Equity/ Stocks 0

Portfolio Management Service 0
Mutual funds - Equity 0
Mutual Funds-Balanced 0
Unit Linked Insurance Plan(ULIP) 2170

Total Equity 2170

(B) Debt PPF 0

Gratuity 0
Postal schemes eg. MIS/
NSC/KVP/SCSS 500
Mutual Funds - MIPs 0
Pension Plans (paid up value) 0
Insurance(premiums paid till date
+ bonus accrued) 450
Education Policy 0

Total Debt 950

(C) Liquid Cash at Hand 1000

Bank 483
Liquid Mutual fund 0
Total Liquid Fund 1483

Total Saving 4603

Any Pending Amount 0.00

Total Equity 2170

Total Debt 950
Total Liquid Fund 1483
 Current Monthly Investment

32%

47%

21%

Total Equity Total Debt Total Liquid Fund

Post monthly Investment
Amount avaliable for Saving after monthly Expense 19,400.00

Assets Class Description Amount Amount

(INR) (INR)

(A) Equity Direct Equity/ Stocks 2000

Portfolio Management Service 0
Mutual funds - Equity 2000
Mutual Funds-Balanced 2000
Unit Linked Insurance Plan(ULIP) 0

Total Equity 6000

(B) Debt PPF 2000

Gratuity 0
Postal schemes eg. MIS/
NSC/KVP/SCSS 500
Mutual Funds - MIPs 0 3000
Pension Plans (paid up value) 0 1000
Insurance(premiums paid till date
+ bonus accrued) 2000
Education Policy 2500

Total Debt 11000

(C) Liquid Cash at Hand 500

Bank 0
Liquid Mutual fund 1900
Total Liquid Fund 2400

Total Saving 19400

Any Pending Amount 0.00

** Investment are taken for 5 year from know
** For retirement I will required to save Rs. 26700 a month from now
So Reverse mortage option may be consider after 60 age
if planning doesn't work properly.

Total Equity 6000

Total Debt 11000
Total Liquid Fund 2400
 Post Monthly Investment

12%

31%

57%

Total Equity Total Debt Total Liquid Fund

 Total Assets

Assets Class Description Amount Amount

(INR) (INR)

(A) Equity Direct Equity/ Stocks 0

Portfolio Management Service 0
Mutual funds - Equity 14000
Mutual Funds-Balanced 0
Unit Linked Insurance Plan(ULIP) 40000

Total Equity 54000

(B) Debt PPF 0

Gratuity 0
Postal schemes eg. MIS/
NSC/KVP/SCSS 7000
Mutual Funds - MIPs 12000
Pension Plans (paid up value) 0
Insurance(premiums paid till date
+ bonus accrued) 33000

Total Debt 52000

(C) Real Estate Real Estate-Properties 2500000

Total Real Estate 2500000

(D) CommoditiesGold - Physical 250000

Other Commodities 0

Total Liquid Fund 250000

Total Assets 2856000

Total Asset
8% 2%
2%

8%

80%

Total Equity Total Debt Total Real Estate

Total commodities Total Liquid Fund

My Dreams

Time Target Expected

Dreams Funds required
Frame Year Inflation
Childs Education
Riya 20 2030 10% 1,681,875

Childs Marriage
Riya 23 2033 10% 2,686,291

Retirement 25 2035 10% 26,757,807

Other Dreams
Car 2 2012 10% 300,000

Medical Insurance
Dependent Parents 2010 200,000

** For retirement I will required to save Rs. 26700

a month from now. Assumed 10% return on Saving
So Reverse mortage option may be consider
if planning doesn't work properly.

Total Equity 54000

Total Debt 52000
Total Real Estate 2500000
Total commodities 250000
Total Liquid Fund 250000
Retirement Chart

Your Current Age 30

Desired Age of retirement 55
No. of Years still to retirement 25
Current Monthly Expenses 7,000
Current Annual Expenses 84,000

Assumed inflation rate of expenses 10%

Expected Monthly expenses after retirement 91,105

Expected Annual expenses after retirement 1,093,260
Expected annual Income from business /
Profession after retirement 0

Expected Net Annual Expenses after retirement 1,093,260

Your Average life expectancy 70
No. of years post retirement that you need to
provide 15
Interest rate on retirement corpus (real rate of
return post taxes) 0.00%

Corpus Needed For Retirement After 25 Years 31,125,973