How should I allocate my money to meet my retirement goals?

Name withheld on request

You are in a very good position financially in the initial phase of your life. You will need to think about investing in your local market versus the Indian market and the segmentation in each of these markets. At the outset, you should decide to deliberate on these allocations and maintain them during the years to come.

In general, you can consider the stablecoin depreciation of INR vis-a-vis Euro as natural for a developing currency. This means that your investments in the Indian debt market or deposits need to be kept lower than growth assets like equity. The advantages of the European market are the general stability and relative strength of its currency. However, there is potential for higher returns in Indian markets, even though some of that return will be reduced by currency depreciation.

Separately, just because your financial goals are India-centric doesn’t mean you need to invest in India. You can send money to yourself at opportune times to take care of needs like household or other purchases.

You can consider dividing your investments 50% between Indian and foreign investments. You can take the help of an advisor on your portfolio in India or in France, or in both the markets.

Shrikant Meenakshi is the Co-Founder at PrimeInvestor.