Hello folks,
I have few questions on my Financial situation and require your inputs on the same. (Little Background: Aged 30 yrs, male, married and kid of one daughter of 1.2 yrs and a single earner.) Current Investment: 1. Term Insurance=50,00,000, 2. LIC Jeevan Anand=10614/-PA till 2023 (SA=1.5 Lakh), 3. LIC Jeevan Ankur=8814/-PA till 2030 (SA=2 Lakh), ICICI Pru Life stage wealth=50000/- PA till 2017 (SA=5 Lakh), PPF=100000 till date. Future milestone: House=50 L in 01-02yr, Children education=30 L in 15yr, Retirement=01 Crore in 20 yr. I just started with 02 mutual fund (HDFC top 200 and HDFC equity) of Rs. 1500/- every month for 12 months.
1. How I should invest moving forward? 2. What should be my time frame for those investments? 3. How i will build corpus amount down the line after 02yrs, 05yrs, 10yrs, 15yrs and 20yrs. Please provide me a balanced portfolio. Please guide.