Hi,
I want you to review my investment portfolio. I did not have invested till the time so much but now i want to start my investment in healthy way. So need your suggestions.
I am 30 years old. I am in Gurgaon(India). My wife is not working and I have 5 months old daughter. My take home salary is 71000 p.m. After house hold expenses I am left with INR 30000 p.m. which remains untouched.I want to invest this amount in such a way that i should be fullfill my cash and investment needs. Please suggest me the instruments in which I can put my money and get good returns.
Target:
1. Purchase House (40 lakh)
2. Car (6 Lakh)
3. Child Education after 2 years
4. Pension for me and my wife (I want to retire in 50 Years)
Limitation:
I do not want to invest in direct equity as i do not have that knowledge but i am open to invest in good mutual funds because i heared that M.F are comparatively safe.
Currently I am investing in following instruments: I have 3 lakh cash for emergency. I can invest 30000 / month after all expenses. Can you please advise me how can i invest this amount to create good wealth and achieve financial targets.
I have started PPF(5833/month), 2 Recurring Deposits(3000 each/month)(at 9.25% for 5 years), icici Pension Plan (4167/month), Term Insurance Plan(Lic), Health Insurance is from my company(worth 5 Lakh).
Question:
1. Please suggest in which instruments i can invest safely and how can i design my investment portfolio to get good money. My risk appetite is average.
2. Please suggest in which M.F i can invest to get good wealth