June 27, 2012 2:04 pm
Dear Ashal,manish and all,
I’ve one Q reg investing in gold saving fund.
Pls let me know if Quantum Gold Savings-G is a good fund to invest in Gold.
family size, income level, living expenses, current assets & investments, loan liabilities, insurance details, emergency funds & many more things………..
Thanks for reply.
My age is 35 yrs married.
Me and my wife both are working,
Having total income of 80K out of which we invest in SIP as given above in the funds of Rs 14500 monthly.
Having dependent parents and a younger brother.
No loan liability as of now.
Total expense per month 18K
Insurance: already 30k was investing in Max NewYork Life ULIP since last 5 yrs now notpaying as the payment term closed.
In tax saver 1lakh.
No other insurance i’ve yet.
In PPF hav 3lac balance and both hav PF and VPF.
That’s all reg my asked details.
Dear Brundaban, age is 35, family size ‘ll increase in near future, parents are dependent, a younger brother to support & in all probability due to birth of your child, your wife may not be in position to work. Still you are with out any term cover. Please think over it before thinking for Gold investing.
I hope now you can notice, why I asked so many questions to you – To know your other details.
As of now my portfolio is like this which is a mix of Equity and debt as well but it doesn’t include Gold part,as i hav seen 10% of anybody’s portfolio should contain Gold.
And as the Value of gold is increasing so may be this could be a good bet to invest on gold.
Pls give ur comment/feedback with my current portfolio for 10 yrs term.
1.HDFC TOP 200(G)- 2.5K/month
2.HDFC Eq(G):- 2.5K/month
3.ICICI Foc Bluechip Retail (G): 2.5K/month
4.IDFC Pre Equity Plan A(G): 2K/month
Apart from above SIP i do 70K per annum in PPF.
But gold portion is not yet fulfilled, Pls suggest if investing in Gold is a good option for long term basis.
Dear Brundaban, May I know your family size, income level, living expenses, current assets & investments, loan liabilities, insurance details, emergency funds & many more things………..
Dear Brundaban, May I know, why do you want to invest in Gold?
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