HI,
I am a Chetan,
I am 32 yr old. dependant wife , two children, parrents,
I have LIC money back of rs. 100000 amount yrl premium @3500/- started @Aug2004
another Money Plus policy yrl premium 10000/- started @Jully 2007.
Home loan 2135262/- Started march2012. monthly premium 20606/-
my monthly income in hand 43.5k (pretax)
no other asset. want to insvest monthly 8k . in MF, PPF & creat emergency fund(Liquid fund).
proportion is as:
1. PPF- 2000/- PM
2. MF -all as SIP.
a. Equity fund SBI magnum FMCG fund =2k- Pm
b. Balanced fund HDFC/ ESCORT =2k PM
c. SBI liquid fund.= 2k pm
d. SBI dynamic bond=2k pm.
Please suggest whether the above selected MF are ok or need to change.