POSTED BY August 7, 2012 6:58 pm COMMENTS (3)ON
I need some advice for my current financial and retirement planning. Below are my current investment –
Background – I am 31 years old alone earner (1.1L/pm) in my house. I have my wife, 1 kid and father in my family.
Term Insurance of 50L + accidental 50L extra = 12K/pa. I’m planning to buy another 50L for myself.
Medical Insurance for my family = 7K/pa
HDFC Life Sampooran Smridhi = 50K/pa for 5 years.
PPF – 1L/pa
2 Home Loans – EMI of 13K each = 26K/pm
Gold MF – 2K/pm
Post Office MIS – 3L
Had few FDs and RDs but they got matured or are getting matured in next 2 months.
I want to have around 3 crore in 20 years as my corpus for my retirement. As per my research, below are the funds I selected –
IDFC Premier Equity fund
Dsp Black Rock Top 100
Can you please if they are good funds and will help me achiveing my target. I’m planning to invest 10K per month. I guess it’ll be not be sufficient to achive 3 crore target, can you advice how can i modify my existing investments and plan towards my target?
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