Hello Gurus,
After reading Jagoinvestor Financial planning articles and previous questions , decided to redesign my portfolio.
I am Sekhar aged 26 years, single and have dependent Parents. Recently moved to Dubai to work for a construction company.
I decided to surrender LIC and Postal endowment policies and planning to take online Term policy. I may not come to India in next one year, Can someone from my family submit surrender forms on my half?
If I enroll to Term policy, Health Insurance now, Can I modify nominee details later(like wife name after marriage).
Following are my SIP details and investment details. I am investing in MF for long term goals, please correct if my fund allocation is wrong.
HDFC TOP 200à 3000/- ( 1st Week) ,
Quantum Long Term Equity à 4000/- (2nd Week),
IDFC Premium Equity à 5,000 /- (3rd Week)
and HDFC TOP 200 à 4000/- (4th Week).
Investment:
|
Fixed Deposit |
3,00,000 |
|
Gold ETF |
1,00,000 |
|
HDFC Top 200 |
70,000 |
|
IDFC Premier Equity |
2,25,000 |
|
Quantum Long Term Equity |
14,000 |
|
EPF Balance |
1,50,000 |
Emergency Fund:
|
25,000 |
|
|
Bank Balance |
40,000 |
Insurance Policy:
|
LIC Jeevan Anand |
30,000 (Per Year Started in 2009) |
|
Postal Life Insurance |
12,000 (Per Year Started in 2010) |
Thanks,
Sekhar.