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POSTED BY ON October 24, 2011 11:17 am COMMENTS (2)
Dear Manishji,
I am new member to this forum. The articles you have uploaded here is very useful.
Can you please suggest me some CHILDREN PLAN which I wanted to do for my new born daughter.
Regards,
Murali
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Murli
There are various children plans in market , but mostly they are all ULIP’s with some added benefits . WHy do you want to buy them ? What do you want to create in your financial life ? Please explain that ?
We suggest keeping it simple , by taking a term plan nad just putting money in mutual funds via SIP
Manish
I am (35yrs) working with a private company (Bhushan Steel Ltd.) in Bhubaneswar. I having family of 3 members i.e. my wife (26yrs), a daughter (0yr) and me (35yrs) residing here in Bhubaneswar. I want to invest for my daughter for her future education and marriage. Please suggest me how much amount should I invest (monthly) and in which children plan???
My net salary is 27000/- p.m. and my total expenditures are as follows:
Rs. 1000 pm – SIP – HDFC growth 200
Rs. 2000 pm – SIP – Axis Bank
Rs. 10000/-: (Yly): LIC
Rs. 20,000/-: (Yly) Max Newyork Life Insurance.
Rs. 5000/- pm: House Rent payment
Rs. 2500/- pm : Postal RD
Kindly suggest me.
Rgrds,
B.Murali Mohan