HI,
I have a annual salary of over 6 lakhs per annum….im planning to start SIPs from this may onwards……..aiming
1. Tax Saving(Approx Rs 5000/pm)
2. Paking of money for annual expenditure using SIPs for compulsary obligations such as Term insurance premium (Jun),Health insurance (Dec),College fees (Jun),Car Insurance (Dec)…..Rides and tours on bike or otherwise atleast twice a year + Procurement of annual rations (Rs 10000) (Total of aprrox Rs 8000 per month)
3. Other than this i have about Rs 20000 bal from salary for investing through SIP.
I am a Govt employee with govt accomodation as yet, we travel a lot (Due to postings every two years) and due to my hobby of doing Bike rides (Which also figures in my annual expenditure list).
One more point to ask fundsindia provides ready to go portfolios how are they shortlisted? can i use them for my sips….also my salary comes at 1st of every month …..how good is the idea of transfering all the money into liquid funds and removing it as per requirements.
please advice
Thanks in advance
Regards,
Avinash