Hi,
I am trying to plan for my father’s retirement which is 15 years away.Currently he has around ~4L in EPF and ~3.75L in VPF.
His monthly savings:
1) RD of 5000 to complete in 2015.maturity-236000
2) VPF -8000/m
3) EPF deduction- ~3000/m.
He has some loans which will get cleared in 2 years time and he would have additional 10000/m to save.The loans are at ~6-7% interest.
I have started his sip in FIBCF(3000) and SBI emerging business (2000) as of Now.I am already investing in below funds for my retirement so have included these two to provide diversification also.
1) HDFC equity-5K
2) ICICI pru dynamic-5K
3) HDFC short term opportunities-5K
4) IDFC premier equity-5K
All are growth options.Unfortunately ,I don’t have the option for going direct in these funds due to our locations which don’t have easy access to diff. fund houses.
Can you please suggest me a way to maximise his retirement savings with moderate risks.I am expecting to reach like ~1.2-1.5 Cr.