How a 55-year-old Bhopal architect built a ₹2 crore NPS corpus for retirement
Read this | How this Mumbai couple rebuilt their finances after going bust "I needed an advisor I could meet in person when I wanted. Mumbai was not feasible," Khare explains. In 2021, she met Jitendra Solanki, a Ghaziabad-based registered investment advisor specializing in financial planning for families with special-needs children.
This partnership worked well as the couple frequently travels to Delhi-NCR, where they have relatives. When the Khare family approached Solanki, they had no investments in mutual funds. However, their investment in the National Pension System (NPS), initiated through their employer benefits, had led to a 42% equity exposure by 2024.
Additionally, they owned three properties in Bhopal and had some fixed deposits and savings in their bank account. Solanki excluded real estate from their asset allocation, as those properties were intended for self-occupation. Their initial NPS corpus of ₹1.3 crore in 2021 grew to nearly ₹2 crore, providing a strong foundation for the substantial retirement corpus they needed.
The external internal rate of return (XIRR) stood at 9.30% since the start. Other pressing financial goals also loomed large. One immediate goal for Khare in 2021 was to sell one of their three properties to purchase an assisted-living home in Dehradun for their son.
"We learned about Project Arunima, a lifetime residential project for individuals with autism and other developmental disabilities. Each specially-abled resident above the age of 18 years lives in an individual flat but is surrounded by personalized care. We bought a flat for our son here by selling a Bhopal-based property.
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