POSTED BY September 29, 2012 3:17 pm COMMENTS (20)ON
Hi Gurus 🙂
This is an excellent place to discuss investments 🙂
I am 31 years old, married. Wife is working.
I have monthly house and car loan, against which i am paying 23K+7K EMI per month. My car loan will get over in another 3.5 yrs, and house load will get over in around next 7 years.
I have term plan from HDFC standard life, yearly premium 13k(after taxes). I also have ICICI health and home assure policy against my home loan, one time premium already paid against this policy.
After paying off EMIs, monthly expenses, and some liquid savings in our regular bank accounts, I have around 25K per month for investment. I am relatively new to investments and market. So I am planning to go ahead with mutual funds ( and not shares).
Now, I am thinking to invest 75% in MFs, and rest 25% I am planning to invest equally in physical Gold coins/bars and one PPF account. This is on long term basis investment – for period of 10-15 years. Will keep reviewing performance of MF schemes ofcourse and will take actions accordingly. As my age will go up and my EMIs getting cleared, i will slightly reduce my ratio in MF, and push that to debt+gold.
Here is the thought process after going thru various MF schemes and their returns over a period of last 1 yr, 3 yrs and 5 yrs.
5k large-cap icici focused blue chip – growth
5k mid-cap birla sun life mnc fund – growth
4k diversified reliance quity opportunity retail fund – growth
5k ELSS reliance equity tax saver and quantum tax saver
3k gold physical coins/bars from jwellers
3k debt PPF
ELSS+PPF = 8K per month, which will cover 1 lac under 80c tax saving investment for my wife. My 1 Lac under 80c is already covered by home loan.
I have tried to pick best schemes from good AMC houses. I would have loved to include HDFC somwhere in my portfolio, but just not able to decide where. May be I can replace birla sun life or reliance equity opportunity, but with which HDFC scheme?
Please let me know above portfolio looks fine, or we have better ideas or suggestions.