POSTED BY February 13, 2012 12:28 am COMMENTS (4)ON
After all the research and surfing through various sites..bothering so many people ..I found this site will really help me.. I have read the posts by Ashish and the justgrowmoney which are quite helpful to understand something about finanacial planning.
I am in a fix to where to invest in for the followoing goals
Please share your views
1. Health insurance plan for family and parent – 30 years
I have several plans for different companies.
I had a doubt on this..which policy company is better LIC / HDFC / ICICI
Because if claims get rejected…..there will be no use na .
So practically speaking which one is the good company with good claim ratio
2. Term insurance plan for my self – 35 years
Same doubt here again? Which company and plan?
3. Children needs – Goal 15 years
Here I have several options. Equity based MFs of Mid cap funds..
I found HDFC Mid-Cap Opportunities Fund (G)
Is it right time to invest in this fund? and Will this fund continue till 15 years? (Big question a!)
are there any other funds to take on..
4. Home buying – Goal 5 years
Definitely I will go for a loan for buying home. But for initial putting the money and to pre-closure the loan I need at least 5 lacs.
Which fund will give me good returns? or I can choose again the above one.
I have Axis Long Term Equity Fund (G) in my mind..
Will it yield 12-15% return in 5 yrs from now?
Here comes my personal information
Age – 31 years
Dependents: mom,wife,kid (1 year)
Sal- 38k take home
Liabilities – PL of 1 lac (till 2 years)
Insurance till date – 2.5 lac SA only
Chitfunds – 1 lac
MF – I lost 10k when i invested in 2007. So am having misconceptions in these till last month!
So, please suggest me some good funds or any other ways to reach above goals
The same question will come for almost anyone in life..
Thanks in advance