I have the following queries (expecting a reply from at least Ashal and Manish):
1. I have a LIC endowment policy of 5L sum assured for 21 year tenure. I have paid premium for 8 years of 2.65L and the bonus accrued is 2.4L. The expected return at maturity is 15L. Now shall i surrender the policy, paid up or continue with the policy?
2. I have started a SIP 3,000 in HDFC TOP 200 MF (large cap). I can invest for long term 10-20 years in it. Please suggest your opinion about this MF and my plan to invest in it.
3. In coming one year i will also start SIP of rs 3,000 each in Mid Cap/Small Cap MF and Balanced/Debt MF. Please suggest 3 popular MF in each category and which one is your favorite.
Any other suggestion welcome. Thanks in anticipation.