My portfolio review

POSTED BY Ajai Singh ON September 11, 2012 11:45 am COMMENTS (5)

Hi,

I am 30 yrs old male and below are my investments as of now:

Insurance:
– LIC: Jeevan Anand – SA: 300000- Prm 15k Yrly
– LIC: Endowment – SA: 100000 – Prm 5k Yrly
– LIC: Term plan – SA: 2500000    – Prm 8k yrly
    Further planning to add 50 lakh the term insurance from reliagare. Please advice on this.

MF SIPs:
– DSP-BR Top 100 Equity – RP (G) 3k monthly
–  HDFC Top 200 Fund (G) 3k monthly

Goals:
1. Retirement corpus: 2.5cr after 30 yrs – Long term
2. Children education: 50lakhs after 20 yrs – Medium term
3. Flat in Bangalore: 45 Lakhs after 4-5 yrs – Short term

Please advice on the current portfolio and any more funds I need to add to achieve the goals.

Thanks in Advance
Ajai Singh

5 replies on this article “My portfolio review”

  1. Ashal Jauhari says:
    September 11, 2012 at 2:53 pm

    Dear Ajai, Please provide following info –

    1. No. of dependents
    2. family size
    3. current mly expenses
    4. current assets & investments
    5. Are you ready to stop/surrender your existing combo policies (insurance + investment)

    Thanks

    Ashal

    Reply
    1. Ajai Singh says:
      September 11, 2012 at 3:04 pm

      Hi Ashal,

      1. No. of dependents: 1+2 as of now
      2. family size (1)
      3. current mly expenses (25k)
      4. current assets & investments
      – No assets other than EPF
      – Investment I already have provided; other than that I have invested 100000 in ELSS in last 5 yrs.

      5. Are you ready to stop/surrender your existing combo policies (insurance + investment)
      – Yes

      Thanks,
      Ajai

      Reply
      1. Ashal Jauhari says:
        September 11, 2012 at 3:20 pm

        Dear Ajai, Please purchase a good amount sum assured term cover from the insurer of your choice. Please start saving to create an emergency fund of at least 6-9 months of your mly expenses. than only move ahead to invest else where.

        Thanks

        Ashal

        Reply
        1. Ajai Singh says:
          September 11, 2012 at 3:26 pm

          Hi Ashal,

          Agree on all the above points and i m already working on that.
          Please review my current MF portfolio as per my goals and suggest on that too.

          TIA,
          Ajai

          Reply
          1. Ashal Jauhari says:
            September 11, 2012 at 3:30 pm

            Dear Ajai, keep any one of the 2 SIPs & divert the other SIP into Quantum Long Term Eq. Fund. To reach to your all goals, you need to invest more.

            Thanks

            Ashal

            Reply

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