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THE GUPTAS
Pankaj (32), Shalini (29), Kripa (2)
RESIDE IN NET ANNUAL INCOME RATING
Navi Mumbai ~10.92 lakh 5/10
>STATUS & GOALS
Pankaj and Shalini work in different call centres in
Mumbai. They have a two-year-old daughter, looked after
by a full-time maid. Their primary goal is to buy a house
and plan for their daughter’s education and marriage
Basic expenses (~) Per month (~) Annual (~)
Household and lifestyle 41,000 4,92,000
Rent 14,000 1,68,000
Insurance premium 10,833 1,30,000
Vacation 5,000 60,000
Total 70,833 8,50,000
Monthly income: ~91, 000 Net monthly surplus: ~20, 167
>GOALS
RETIREMENT (2044)
(Annual inflation seven per cent, annual rate of return on
corpus nine per cent) (Life expectancy – 85 years)
Assets ~ Liabilities ~
Savings account 59,000
Fixed deposit 2,75,000
EPF 3,65,000
Insurance cash value 4,38,000
Equity mutual funds 4,27,000
1,56,4000 0
Net worth 1,56,4000
>FINDINGS
EMERGENCY FUND: Funds maintained in fixed deposits for
emergency purpose equivalent to four months of expenses
LIFE INSURANCE: Pankaj is covered for ~11 lakh, while
Shalini is covered for ~9 lakh through unit-linked
insurance policies (Ulips)
HEALTH INSURANCE: Both their employers provide a family
floater mediclaim cover of ~3 lakh. They don’t have a
separate cover
INVESTMENTS: Investments are spread across mutual funds,
Ulips and fixed deposits. The equity allocation is 58 per cent,
including Ulips
LIABILITIES: They don’t have any liabilities
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