hello there,
I'm looking to invest 80 lac. I've currently 1cr in mutual funds (direct investment, divided amongst icici bal adv, hdfc bal adv, icici equity & debt equally).
Now I think might put 10 lac in fd (3years), 30 in arbitrage (in my name) with the remaining 40 in nifty 500 and flexicap (maybe 30 lac nifty and 10 flexi) in wife's name since she has zero income currently and zero investments to her name. I will also do a 70k SIP monthly for around 3 years alternating between Bal Adv and nifty 500 in her name.
I won't need to withdraw from portfolio for about 3 years. I won't have Income tax for about 3 years but post that assume highest slab.
How does the plan look? Appreciate any suggestions reg minor (or major)tweaks. Im all ears.
edit: Fds planned are 5 lac each in small finance banks via Stable money app. Around 8.2% PA.
Also I'm 43, wife 40, no siblings or kids, no plan to have kids. Money just needed for our lifetimes. Parents not dependent.