Help with financial planning on my life

POSTED BY swachith ON April 23, 2014 6:03 pm COMMENTS (4)


Though i’ve been investing for quite some years, i’d not been so serious on wealth management and creating the required fund for retirement and children. My recent discussion with my brother opened my eyes and on his advise i’ve been going through this forum for a couple of days. It would be helpful if i too get some suggestions on financial planning for my life.

my age is 35.

monthly take home (along with spouse) 1.2L

life insurance 5L & 3L

PF thro company til date for both 7L

LIC Jeevan Suraksha for both 7L

Apart from these i’ve following SIP

HDFC Equity Fund 4k (since 2008)

franklin Flexi cap fund 2k (since 2010)

canara rebacco gold etc 1k (since a yr)

i’ve a home loan emi of 26k

rd for my 2 children’s school education expenses 17k

i also have some investments for nearly 3L in various bonds and funds like dsp br, idfc infra, jpmorgan, LnT, etc.

We both have ppfs, but have not invested full 2L  so far ::(

I’ve been talking to some financial agents as well.

My questions are:

1. I realize that the insurance cover we have is very minuscule. Is a term insurance needed? If so how much and who is the best?

2. Are the SIP funds good ones or do i switch? Do i need to increase the SIP amount in the existing or create a new SIP?

3. One  FA told me to park excess money in liquid funds. Which is good?

4. For my children’s higher education corpus (after 10 yrs and 15 yrs), what sort of plan should i chose?

5. For retirement, what plan to choose?

Many thanks.

4 replies on this article “Help with financial planning on my life”

  1. Senpayal says:

    It is essential to have a suitable financial plan in mind so that you can benefit later. You need to understand where to invest and how to invest your money so that it will help you in your future. I would recommend consulting Right Horizons to help you in managing your wealth because they cater viable solutions and will help you make the right decisions in planning your finances.

    1. Hi Senpayal

      Thanks for your sharing your valuable comment on this topic. Please keep sharing your views in future also


  2. swachith says:

    hi Ashal,

    ok. will check that. Thanks 🙂

  3. ashalanshu says:

    Dear Swachith, how about reading this first?

    jagoinvestor. com/forum/finacial-planning-faqs



Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.