Suggestions required for future Investment

POSTED BY Amar ON January 17, 2011 9:26 pm COMMENTS (5)

Hi All Members,

My Current Investment’s are  listed below, I am Plannning to invest another 4000 pm as an SIP in Mutual Funds, could any one suggest me the good mutual funds which helps in balancing the portfolio.

1. LIC (Jeevan Anand) SA – 5L (Premium is 20,200 pa)

2. ULIP on wife’ name (TATA AIG Invest Assure Health) – Premium (10, 200 Half yearly). Health insurance + Investment(Whole Life Aggressive Growth Fund – 100% Equity), should I continue with this ULIP or exit out of it and open a Term nsurance for my wife…?

3. Mutual Fund: a) Fidelity Equity (G) – 2500 pm

                          b) Fidelity India Growth Plan – 2500 pm

4. PPF – 16,000/-

Can anyone provide suggestions on existing ULIP plan and further investment in Mutual Fund.

Thanks, 

5 replies on this article “Suggestions required for future Investment”

  1. MoneySavingsHelp says:
    January 20, 2011 at 8:30 am

    Do you think Rs.1000 per day is sufficient in case of hospitalization? What about cost of medicines, OT charges, organs cost, expert visit charges, room rent etc.? There are no. of other charges also. It’s better to surrender this policy and take mediclaim policy.

    Hope it will help you.
    InvestmentKit.com

    Reply
  2. Ramesh says:
    January 18, 2011 at 11:35 am

    Both your present MF are good and you can continue putting extra SIP/lumpsum in the same. In my view, no need to add any other funds.

    And no gold ETF too.
    The rest of ideas mentioned in the above comment, I agree. 🙂

    Ramesh

    Reply
    1. Amar says:
      January 19, 2011 at 8:32 pm

      Thanks Ramesh.

      Can u advice on the ULIP

      Policy open date : 21/12/2009 ; Term 38 Yr ; Premium : 10,000 Halfyearly

      Total Regular Premium(s) Paid Rs.30000.00
      Total Regular Premium(s) Invested Rs.23908.60
      Charge(s) Rs.5900.00
      Current Value: 20000

      Benifit’s
      Per day Hospitalisation Benefit of Rs 1000 to Me and my wife – this amount will increase 5% every year

      Surgical benifit of Rs 20,000

      Should I continue with the policy or surrender it

      Reply
  3. MoneySavingsHelp says:
    January 18, 2011 at 11:17 am

    You can add IDFC Premier Equity Fund and HDFC Top 200 in your portfolio. Both will give good return sin long term.

    Do not combine health insurance & investments. Infact, opt for mediclaim / health insurance policy.

    Term insurance is must. You seems to be under-insured.

    Also, add Gold ETF in your portfolio.

    Hope it will help you.
    InvestmentKit.com

    Reply
    1. Amar says:
      January 19, 2011 at 8:31 pm

      Thanks for the suggestions.

      Can u advice on the ULIP

      Policy open date : 21/12/2009 ; Term 38 Yr ; Premium : 10,000 Halfyearly

      Total Regular Premium(s) Paid Rs.30000.00
      Total Regular Premium(s) Invested Rs.23908.60
      Charge(s) Rs.5900.00
      Current Value: 20000

      Benifit’s
      Per day Hospitalisation Benefit of Rs 1000 to Me and my wife – this amount will increase 5% every year

      Surgical benifit of Rs 20,000

      Should I continue with the policy or surrender it

      Reply

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