POSTED BY November 28, 2012 1:52 pm COMMENTS (11)
ONHi Manish,
First of all, Thank you very much for the work you have done..
I am a regular reader of Jago investor and read daily, almost everything that is posted on our forum (I said “our” because I feel that I am a part of Jago investor Family).
I have started to work towards my financial goals..thanks to you seriously for the push and I am extremely happy for the reason that I have started early.. I am 23 years old as of now
Iam going as per the checklist based on your priceless suggestion :
a. SBI magnum Income fund with SIP of INR.2000
b. For investing remaining INR.5000 confused between (A) SBI Dynamic Bond Fund (B) Kotak Gilt Investment Plan – Regular (G)
I need your valuable suggestion on Point no . 2 and 6 (b)..
Thanks a ton in advance.. keep rocking…
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you made my Day 🙂 thanks!!!!
Dear Manish and Ramesh
so this is what I have done :
SIP : 3000 PM in Quantum long term equity ( for next 10 years :O )
SIP : 2000 PM in Quantum liquid fund and in Quantum Gold fund … (atleast for next 3 years)
so, tell me what you guys think… all well???
I would go with it.
Do remember, you can make lumpsum purchases over and above your SIP amounts in the above funds. So, just make judicious use of that.
Keep learning and investing.
Manish, Awaiting your response… 🙂
I would go with Ramesh Suggestions
Sure.. Thanks!!!!
hmmm… so what will you suggest ??
and what are your views on :
a. SBI magnum Income fund with SIP of INR.2000
b. SBI Dynamic Bond Fund
c.Kotak Gilt Investment Plan – Regular (G)
In a “longer term” scene, only equities and real-estate “may” provide above-inflation returns.
There is stress over both longer-term and may. So you need to understand those things also.
Also, debt plans (FD, RD, PPF, traditional insurance plans, savings deposit) in a long term will NEVER give you above-inflation returns. So, your purchasing power will never increase with the debt plans. This one is sure (no May business here).
So, you need to find out some way to accomodate equity investment in your wealth creation plan.
As a single fund, either of Franklin Prima Plus/HDFC Top 200/Quantum Long Term Equity are very decent.
But read and think more about these things. Then proceed further.
Thanks Ramesh for your reply..
Actually I have planned to invest in these fund for next 2-3 years and then direct whatever i get 60:40 in equity and debt what you think about this ??
Quite decent thing, actually.
But getting so many funds does not give you any benefits is what I want to say.
Regarding point 2.
Get a minimum sized Health Insurance, just in case, you change your jobs (and your employer provided insurance would not work during the interim). Apollo’s is quite decent.
Regarding point 6.
You cannot create wealth using pure debt plans. period.
Think more about it.