Hi,

This is Manjeet & my age is 33 yrs with annual income of 16lacs.

I have taken Term Insurance of 75 lacs & have life insurance since 2003 of 7lacs with LIC (2lacs Jeevan Anand premium @ 6654 pa & 5lacs Jeevan Shree premium@ 25176 pa) . Personal i have taken Health Insurance of 3lacs with ICICI Lomb family floater & also have from my employer medical insurance of 2lacs.

Having home loan outstanding of 14lacs ,where EMI payout is @ 25K pm for next 8yrs @ 10.75%.

Yearly saving in PPF is 70K.

Have bank Fixed Deposits of 20lacs with 10yrs tenure @ 10.25%

Further since 2007 I doing SIP of Rs 43000 in mutual funds.(equity 36000 & SBI GOLD FUND Rs 7000) for next 20-22 yrs, where I have SIP going every day of Rs 1500-2000 in equity MF.Rs. 4000 in 9 mutual funds HDFC EQUITY, DSP BlackRock Micro Cap Fund , ICICI Pru Focused Bluechip, UTI OPPORTUNITIES, ICICI Prudential Discovery, HDFC Mid Cap Opportunities, RELIANCE EQUITY OPPORTUNITIES, IDFC Premier Equity Fund - Plan A, SBI Emerging Businesses Fund.

Should I consolidate this or let it go as it is. Also suggest my selection of investment instruments & diversification of funds to meet my goals is correct and if case not, please guide me for the same. Further would like to retire at 55 yrs....

Goals

01.75lacs for second home in 10 yrs.
02. 20lacs for Children education in 16yrs
03. 50lacs for Children Marriage in 20yrs
04. monthly Income of 2lacs after 22 yrs