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POSTED BY ON June 15, 2011 8:58 pm COMMENTS (4)
Hi All,
I am 25 yr old, having 1 yr old kid, i dont have any insurance for myself even for my husband also, now we are planing to take insurance as well as to make some SIP investment. Please help me to find out best term insurance and also SIP investment monthly i can invest 3000 (but i want to invest in 3 SIPs)
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Hi Manish & Ramesh,
Thanks a lot for your suggessions,
Manish i prefer LIC compare to other Copmanies.
To answer Ramesh qn. i would like to do 3 SIPs each for Rs 1000.
Dear mahalakshmi,
You should firstly take a term insurance plan which you would get on any of the insurance company website. Then make a point that you keep about 8months salary into a Flexi deposit. than if you hav any surplus start SIP in HDFC top 200, Franklin Equity Growth, and HDFC midcap Oppurtunities
@ Mahalakshmi
I agree with Manish’s recommendation.
But I feel it a bit strange that you want 3 SIPs for Rs 3000. You want it to be 3 separate SIPs in a single fund or 3 separate SIPs in 3 different funds?
Just think, suppose you have Rs. 10000 per month to invest. Would you want 10 different funds? And @ 30000?
The summary is keep 1 or max two funds. Whatever be the amount of your monthly investment. Prospectively, you will not lose out on the benefits.
Mahalakshmi
You can go through companies which you trust , Which are the companies you are comfortable with for insurance ?
Are you ok with ICICI Pru , Kotak , Aviva or only LIC ?
You can also choose some long term SIP’s like HDFC Equity , DSPBR Equity , Birla Sunlife Frontline equity or Franklin Prima plus
Manish