INVESTMENT ADVISE
Hi All,
To give a context - I am M/32, based in Dubai since last 3 years earning AED 33K/PM. I am saving approx. INR 5 Lacs (AED 19000) per month after every expenses. My wife is not working currently and we have no kid.
I want to plan my investments in such a way that I can retire by 40 and move back to India. I have a figure of INR 10CR in mind when I move back. Is this figure achievable and are my savings up to the mark to achieve this number.
My portfolio is as per below.
- INR 26.5 Lacs in Equity and MF (99% in MF and 1% in Equity)
- Purchased a 2BHK in my Hometown on Loan which is paid already worth 85 Lacs at present rate (Rented but rent goes to parents as small token of gift)
- Gold worth INR 40 Lacs which I gifted to my wife during our marriage
- Cash in AED (300K)= INR 78 Lacs currently in FD in UAE (Giving 6.25% return on Monthly basis plus currency appreciation of 4% per year on average makes it 10.25-10.5% PA
We plan to move to bigger house by end of this year but my salary increment will cover incremental costs.
Apart from this I have done INR 20 Lacs expense during my marriage and another 10 Lacs for my brother's marriage but I believe this is not relatable.
I want to know whether
- How to invest these 5 Lacs per month (Currently have SIP of INR 1.2 Lacs/ PM in MF)
- Should I keep funds in AED or move the same to India and invest in Indian Equity Markets/ Real Estate
We have no further commitments as my parents are not dependent on us and neither my in laws.
Thanks for reading - Please let me know your thoughts