April 23, 2012 12:18 pm
I am earning 35,000/month. presently i have following investment
LIC – 57000
IDBI monthly growth – 1000
In future, I am planning to purchase a house around cost 25L in 2 years. Please suggest me for my financial planning.
Dear Anand, what are the details of your LIC policies? That IDBI is a MF or ULIP? Out of that 25L Rs. how much amount you ‘ll arrange from your own pocket & how much from loan? For that self funding, how much amount do you have already with you?
What are your other investments & assets?
Your family size, your current loan liabilities if any?……………………
thanks for replay,
As you asked that about my details are;
1. My LIC policy Jeevan Anand (me & My wife)
2. LIC policy for child (jeevan ankur)
3. IDBI 9Growth) ULIP plan
I have 2 lacs FD in bank. I am planning to take housing loan of 15 L. Presently i have two plots (1000 sq ft) and its value is 5.5 lacs.
I have small family. Me, mother, my wife and a child (1.5 years old). She is also planing to do job. She is a MBA (HR).
I do not have any loan liability.
Actually i do not know much about the financial planing, investment making etc than can only i be able to decide my projections for future. so i think i also have to improve my knowledge on that. so please help me to on this issue.
Financial Planning is not done like this . All you are asking is some investment advice. You should first understand how much you need to invest per month for your goal , which you can find out using this calculator : https://www.jagoinvestor.com/calculators/html/Goal-Planner.html
Once you are clear about the monthly investments number . Then put that money in 2-3 good Mutual funds like Birla Sunlife front line equity , HDFC Equity , DSPBR top 100
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