12 replies on this article “Expert Advice for Child Education, Child Marriage & Retirement Planning”

1. ashalanshu says:

   March 1, 2014 at 6:05 am

   Dear Sandeep, there are plenty of MF plans available. Please check on your own for these 2 plans. All your goals can be started from these 2 funds alone. You need to increase your amount into MFs for goals not the no. of funds for goals. 🙂

   Thanks

   Ashal

   Reply
2. SANDEEP JAIN says:

   February 28, 2014 at 5:58 pm

   Hi Ashal,

   Thanks for your valuable research and reply.

   Yes sure i would like to move for Franklin India bluechip or Quantum Long Term Eq, but are these the only two MF with whom shall i go and can i divide my amount with multiple MF ?

   Secondly also please check for my other goals Like Child education, Marraige and Retirement. the Above MF may be suitable for one of the three goals.

   Please revert.

   regards,
   Sandeep

   Reply
3. ashalanshu says:

   February 27, 2014 at 12:25 am

   Dear Sandeep, The combined surrender value from the 4 policies is 153758 Rs. Now you may invest in any other instrument of your choice to recover your past loss from surrender as well as some positive earning. If you are willing to invest for 10+Y at least, i w’d prefer this amount in a single shot in Eq. MFs like Franklin India bluechip and Quantum Long Term Eq.

   Thanks

   Ashal

   Reply
4. SANDEEP JAIN says:

   February 26, 2014 at 4:02 pm

   Hi Ashal,

   PFB the Surrender value of LIC policies

   Policy No. Surrender value as on 26.02.2014 Policy
   674747401 43625 Jeevan Anand
   674747593 28884 Jeevan Sathi
   894237717 67246 Jeevan Saral
   894237716 14003 Jeevan Nischay

   and regarding Surrender value of SBI Swadhan, I have asked the bank but they said it may take 7 to 15 days time to know the surrender value and they dont have the info with them right now (Very shame on SBI :(, but will try to get this ASAP.

   Regards,
   Sandeep

   Reply
5. ashalanshu says:

   February 13, 2014 at 3:44 am

   Dear Sandeep, please contact LIC to get surrender value of all the 3 policies. Please update here for the same. If you opt to stop these 3 policies + SBI swadhan, you w’d left with close to 37500 Rs. which is around 3050 Rs. mly. Even a simple product like RD ‘ll provide more return than these policies. Do not go by my words and check on your own. Add the surrender value from the 3 LIC policies and you ‘ll earn a decent corpus. Hey I’m not asking to invest in RDs. I’m asking just to compare.

   Now if you are ready to put this money in MFs for those similar term of LIC policies, you ‘ll earn quite a decent return. Insurance needs are already taken care off by 2 term plans hence the sum assured from these 4 policies are of no value to you.

   Your update on surrender value and views on the above please.

   Thanks

   Ashal

   Reply
6. SANDEEP JAIN says:

   February 12, 2014 at 3:01 pm

   Hi Ashal,

   Thanks friend, I am glad to give you my answers anytime :).
   yes yet another mistake 🙂 sorry again., the maturity amount is 32772/- and its an 5 year FD eligible for 80C.

   Please revert.

   Regards,
   Sandeep

   Reply
7. ashalanshu says:

   February 12, 2014 at 2:56 am

   Dear Sandeep, how come the FD for 5Y is maturing with 22K Rs. only against the basic amount of 20K Rs?

   Please do not get irritated from my continuous counter queries. Before answering anything, I want to understand the situation properly. 🙂

   Thanks

   Ashal

   Reply
8. SANDEEP JAIN says:

   February 11, 2014 at 9:33 pm

   Hi Ashal,

   Thanks for your mail.

   Yes, after deducting investments in 80 C i.e., LIC premiums, Company’s EPF, i invest the balance in PPF to make it total 100000/- .

   SBI Swadhan was the policy acutally forced to me by OFFICIALS of SBI while opening of SB account. So i have opted to this with Auto Debit of Premium amount of 550 annually.

   Please let me know for any more information requried.

   Regards,
   Sandeep

   Reply
9. ashalanshu says:

   February 10, 2014 at 9:20 pm

   Dear Sandeep, in PPF only 1000 Rs. yly or it’s also typo mistake? Why did you start the SBI swadhan in 2012?

   Thanks

   Ashal

   Reply
10. SANDEEP JAIN says:

    February 10, 2014 at 4:46 pm

    Hi Friends,

    Sorry for my typo mistake, Please read it as 92K instead of 22K.

    Looking for your expert opinion.

    Thanks & Regards,
    Sandeep

    Reply
11. ashalanshu says:

    February 9, 2014 at 7:59 pm

    Dear Sandeep, mly income 22000, expense 22000 and EMI 40000 Rs. how is it possible?

    thanks

    Ashal

    Reply
12. anil says:

    February 9, 2014 at 11:04 am

    As per the information shared your monthly income is 22k and you are paying monthly EMI of 40K ?. Is there any additional income source ?.

    Reply

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