POSTED BY April 12, 2014 9:49 pm COMMENTS (13)ON
I am planning to invest 10K(or 12k) per month in SIP. I have planned it as following. I need your valuable inputs on the same.
1) Debt fund(For 1 to 2 years goals): I want keep my emergency fund in this MF(65K) and also do small SIP. Please suggest good fund for this. More importantly, don’t want to see -ve returns here since its for short term.
2) Blended funds(for 1.5 to 4 years goal): Preferably I want Debt to Equity ratio of 70:30 or 60:40(by considering goal duration please tell me if I have to change the ratios). For this also please suggest a good fund.
3) Tax saving fund(for 4 to 7 years goal): I want save some tax with this fund and also handsome returns after 4 years. Please suggest a good fund for this
4)Small & Mid cap fund(for above 7 years goal): I have selected ICICI Prudential discovery fund for this. Please let me know if I can consider other fund also.
5) International Fund: This I have included to get benefit of foreign market growth. This fund I want to use for totally unplanned events(Excess amount needed after all insurance or emergency fund got over). Or add it as extra contributor to any of the above goals.
Please guide me whether my way of planning is good or can be improved? Please give you elite guidance.
with love & respect,