POSTED BY March 11, 2014 11:25 am COMMENTS (11)ON
First of all Thank you very much for all the support and guidance in financial planning and i have been following ”Jago Investor” for last 6 months. One of my friend referred this site to me.
I need some help and guidance on the investment strategy. Here are my details
Name : Suresh – Age 29 Years – Married – No Kids – Salary : 10 LPA
Term Insurance – 1 Crore, Health Insurance – From Company ( 3 LPA) and personal floater plan – 7 LPA and LIC – Jeevan Anand – Sum Assured : 5 LPA
Investing 5,0000 Per month in PPF account
4 Lakhs in Savings account – I may need this money anytime so i did not invested anywhere. Suggest how to handle this amount effectively. No risk and should be able to withdraw anytime.
I recently opened account with ”https://www.fundsindia.com” and i am planning to invest 10,000 rupees per month( Through SIP) from this april onwards in Mutual funds. I would like to continue keep this investment for next 7 + years.
Suggest me good Mutual Funds and how much i should invest in each fund and portfolio for me. Also suggest me on any mistakes i am doing interms of financial planning and corrective actions.
Thanks in advance.