-
-
-
Services
-
-
-
More
-
POSTED BY ON November 17, 2012 8:29 pm COMMENTS (6)
Dear Manish,
I have just got to know about this wonderfull forum from a friend. After reading queries of many people and solutions, i think i have made some mistake in my financial planning.
I am seeking suggestion/advice in my Financial planning. Following are the details:
Age: 25 Yrs
Current Income: 36 K/month
Expenses: 18K/month
Current Investment:
LIC jeevan Anand: 25K/Yr (1 Premium paid and next due in Feb 2013)
PPF Account: 4-5K/month (just opened a month Back for Tax And long term benefits)
Plus I have invested around 35K in Mutual Funds (biffircated equally DSPBR Small & Mid Cap Fund(G), UTI Opportunities Fund(G), ICICI Pru Focused Blue Chip Equity Fund(G) ) Last Year.
I have enough Savings in My saving account to survive for a year. I am planning to get married next year.
Please suggest.
Regards,
Gagan
2021 © Jagoinvestor.com All Right Reserved
Sure Bhushan.. Would look into that..thanks for your precious advice..
Sorry, Gagan. I am not an investor in MFs. You could refer to other’s queries in this forum which have been addressed by experts. I can just mention at a high level that you need to invest in MFs which invest in large cap companies. Do not try to make quick money. Just try to grow with normal market rate.
thanks Bhushan for the Reply.. Any Idea which SIP would be better..?
Could SIP be bought of q particular company or it can be changed with time..?
Dear Gagandeep,
If you wish to opt for a term insurance, you may consider ICICI Pru iCare, a term plan from ICICI Prudential Life Insurance which can easily be purchased online and allows you to get a cover of upto 1 crore without any medical tests. This makes it very easy and quick to get protected.
ICICI Prudential Life Insurance has a healthy claims record as cited in the following news articles http://bit.ly/HejDZA and http://bit.ly/HTbw7S
To find out more about this product and to see if it suits you, please visit http://bit.ly/IgvQDe
Consumers have chosen ICICI Pru iCare as Product of the Year 2012 in the Life Insurance Category based on survey of over 30,000 people by Nielsen.
Please understand that we only offer suggestions based on your requirements, however choosing a policy most appropriate for you remains at your discretion.
Warm Regards,
Life Insurance Help
ICICI Prudential Life Insurance
Dear Gagandeep,
If you wish to opt for a term insurance, you may consider ICICI Pru iCare, a term plan from ICICI Prudential Life Insurance which can easily be purchased online and allows you to get a cover of upto 1 crore without any medical tests. This makes it very easy and quick to get protected.
ICICI Prudential Life Insurance has a healthy claims record as cited in the following news articles http://bit.ly/HejDZA and http://bit.ly/HTbw7S
To find out more about this product and to see if it suits you, please visit http://bit.ly/IgvQDe
Consumers have chosen ICICI Pru iCare as Product of the Year 2012 in the Life Insurance Category based on survey of over 30,000 people by Nielsen.
Please understand that we only offer suggestions based on your requirements, however choosing a policy most appropriate for you remains at your discretion.
Warm Regards,
Life Insurance Help
ICICI Prudential Life Insurance
1 – buy a term insurance. May be Rs 50 lakh or more. This is required when you have dependents.
2 – Your current investments are good.
2a – PPf: continue. If possible pay in one or two instalments a year. I pay full amount before April5 of every year to get maximum advantage.
2b – Mutual Gunds: Although I do not know much about individual MFs, I suggest you limit to 3 MFs and do regular SIPs. Use this only as retirement fund. As you grow in your career, you will start saving more. Keep increasing SIPs accordingly.