POSTED BY January 3, 2011 8:22 am COMMENTS (6)ON
I need your assistance in improving my portfolio.
Details about me:
Dependants: Father and Mother
Annual income: 800,000 PA
Monthly take home: 55,000
This is my currnet portfolio:
MFs: (Invested -> current value)
Can Robeco Equity TaxSaver (20k -> 32.9k)
DSP-BR TaxSaver Fund (20k -> 27.3k)
HDFC TaxSaver (20k -> 24.4k)
Reliance MIP (15k -> 15.9k)
SBI Magnum Tax Gain (10k -> 19.6k)
Sundaram TaxSaver (10k -> 18.2k)
Public sector banks: 207,000
company FDs: 50k
LIC Jeevan Anand -> Coverage for 300,000. Yearly premium of 22.5k.
Savings in SB account: 260,000
Another 100k to 120k liquid amount expected in another 15 days.
The above portfolio does not include the PF amount.
To summarize, these are my current holdings:
Insurance current value: 67k
Savings in SB: 260k (+100 to 120k in next 15 days)
Is my portfolio alright? Is there anything that I can do to maximize my returns further?
The next step for me is to keep 150k to 200k aside for emergency, and invest the remaining amount of 150 to 200k. All suggestions are welcome.