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Case Study on Investing Right with ELSS

Case Study on Investing Right with ELSS
Background

Background

Accountant In
Private Firm

Accountant In
Private Firm

25 Years Old

25 Years Old

Plans To Marry
In 4 Years

Plans To Marry
In 4 Years

Case Characteristics

Case Characteristics

  • Client is an accountant at a private firm in Ahmedabad. He is 25 years old, unmarried and lives with his family of 5.
  • Client’s current salary is Rs.35,000, and he is up for a promotion in March 2022. This will hike his monthly pay to Rs.40,000.
  • His family’s monthly expenditure ranges between Rs.40,000 to Rs.45,000.
Fascinating Findings

Fascinating Findings

  • Client’s father still works in a private firm and draws a salary of Rs. 60,000
  • Client’s mother and brother earn Rs. 15,000 each as tuition teachers.
  • He has been investing Rs.3000/month in regular mutual funds for the last 4 years.
  • He also pays Rs.1250 as a quarterly premium for a life insurance policy.
  • Client plans to get married in 4 years, and wishes to invest & grow his savings for its expenditure.
Actionable Alternatives

Actionable Alternatives

  • We suggested the client increase his investments by Rs.16,000 for at least 4 years.
  • We charted out a plan of investing this amount into 4 different investment vehicles, which included 1 ELSS (equity linked savings scheme) fund and 3 other kinds of funds.
  • We suggested that he start investing Rs.4000 each in an ESG fund (Environment, Social & Governance), a technology fund and a midcap fund. A total of Rs.12,000
  • The remaining Rs.3000 to be invested in an ELSS fund.

Remarkable Results

Funds Of Growth

Funds Of Growth

The Rs.4000 each into 3 funds grew at the rate of 12%

Risks With Rewards

Risks With Rewards

The ELSS investment of Rs.3000/month clocked a growth of 11%

Hitting The Mark

Hitting The Mark

At the end of 4 years, the total investment grew up to Rs.10,00,000

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