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POSTED BY ON August 23, 2012 2:29 pm COMMENTS (8)
Dear Sir,
Montly Rs.2000 save in DSPBR Top 100 fund. Please sugest me this fund is really good for long term purpsoe. or can i invest more amount in this fund. and also i invest Rs.2500.pm in HDFC TOp 200 fund. These all for my retirement purpose. My age is 32 and current i get salery is 23000/pm.
Pls help to me
regars
Kirubakaran.K
chennai
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Dear Kirubakaran
Your Cashflow decides your term insurance. Moreover while taking the term insurance do also opt for disability insurance, it is very much essential. But I would like to advice you to hire a financial advisor in your vicinity. You might have to shell out some money as fess for him but regular reviews are very essential for a perfect financial life. I have seen the effect of it.
Regards
Rahul
Dear Kirubakaran
Yes you will easily achieve your retirement goal. Your Emergency fund is ok but your are seriously under insured and prefer buying a term plan for insurance rather than other insurance products.
Regards
Rahul Agarwal
Director
Santushti Securities Pvt Ltd, Lucknow
Dear Rahul,
Excellent reply. Surely this month i take term insurance for 50 lak. is it ok t or i will take i crore term insurance.
Next month i will get marriage. so me my wife think better education and good life to our child’s. How to manage my financial plan in my life for decent life. i dont need luxurious life.
Pls advice to me. u r are the right person to give some ideas for me
regards
Kirubakaran.K
Chennai
Dear Kirubakaran
You are on the right track. I think the SIPs you have started will be enough for your retirement. Do start saving for other goals also . But do take a calculated risk on your portfolio.
Regards
Rahul Agarwal
Dear Kirubakaran, if you do have capacity to invest more, please increase the investment both the funds mentioned by you.
Thanks
Ashal
Dear Ashal and Rahul,
Thank you for you valuable and swift responce. Next month i will add Rs1000/pm in DSPBR Top 100 fund. My ambition is Rs 1 crore for my retirement. Pls tell me this is enough or any other financial plan is their to reach my goal. and I have emergency fund Rs.40000. and LIC Beema Gold Policy Rs 2 lac. Monthly automatically go to Rs.1500/pm to my PF.
Pls advice to me
regards
Kirubakaran.k
Chennai
Dear Kirubakaran, May I know the calculation? How did you reach to the figure 1Crore? Is it any calculation or simply the number that you feel ‘ll provide you enough ammunition to stay alive in post retired life?
Thanks
Ashal
Dear Ashal and Rahul,
Thank you for you valuable and swift responce. Next month i will add Rs1000/pm in DSPBR Top 100 fund. My ambition is Rs 1 crore for my retirement. Pls tell me this is enough or any other financial plan is their to reach my goal. and I have emergency fund Rs.40000. and LIC Beema Gold Policy Rs 2 lac. Monthly automatically go to Rs.1500/pm to my PF.
Pls advice to me
regards
Kirubakaran.k
Chennai