Please help me to choose a SIP for 3-5 years duration.

POSTED BY Argha Roy ON August 3, 2012 12:45 pm COMMENTS (2)

Hello Manish/Team,
I want to invest around 5K monthly towards any MF or similar schemes. Can you please tell me which is the best for me to apply. My details are mentioned below.
Monthly Income ; around 27k
Expenditure: 15-18K
LIC Policy : Jeevan Anand 25K PA
I do not mind going for a moderate risk policy provided the returns are satisfactory. Thanks in advance.

2 replies on this article “Please help me to choose a SIP for 3-5 years duration.”

  1. Ashal Jauhari says:
    August 5, 2012 at 3:17 pm

    Dear Argha, what’s your family size, your total life insurance? Before thinking anything towards investment, first cover the risk of your family for the financial loss if you are no more. Please purchase a term cover of at least 50L Rs. Regarding MFs, HDFC Prudence is rightly suggested by dear Manish.

    Thanks

    Ashal

    Reply
  2. Manish Chauhan says:
    August 5, 2012 at 2:55 pm

    I think you should start with HDFC prudence SIP right now , get rid of that LIC policy also which will free up 2k per month for you !

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.