Wealth Management for Rs 400000 ?

POSTED BY seenujgs ON October 14, 2013 8:11 am COMMENTS (8)

I’m going to have 400000 in next year 2014. Can you tell me wealth management for this amount ?

8 replies on this article “Wealth Management for Rs 400000 ?”

  1. seenujgs says:

    Dear Ashal
    Thanks for your suggestion

  2. ashalanshu says:

    Dear Seenu, in 2Y time frame, you should not expect more than 8-8.5l rs. for 4L basic amount + 15k mly investment in a debt fund.

    Thanks

    Ashal

  3. seenujgs says:

    So what do you think, how much could be the reasonable target?

  4. ashalanshu says:

    Dear Seenu, you are playi g with fire. Eq. is not the option you shoud opt for 1-2Y term. You may lose a big chunk of your money. Please tone down your target corpus.

    Thanks

    Ashal

  5. seenujgs says:

    Dear Ashal,

    I can increase my savings into Rs 15000 maximum per month. I can afford to wait one moe year i.e. 2016. I have huge expense also for coming years too. With this conditions in mind, could you suggest ? I have selected SIP of Canara Robeco Equity diversified growth option, HDFC top 200, and one more product from SBI mutual fund house (still going through the fact sheet and portfolio )

  6. ashalanshu says:

    Dear Seenu, No. From nowhere you can convert 520000 Rs. (4L base amount + 10000 Rs. mly) into 12L Rs. in 1Y. Please reduce either your expectation or raise the mly saving amount.

    Thanks

    Ashal

  7. seenujgs says:

    Actually, I will be getting this amount Feb 2014 as a part of my family settlement. My goal is to build 12 lac for down payment by Jan 2015. I can save 10,000 per month .

  8. ashalanshu says:

    Dear Seenu, when w’d you want to redeem this amount (wealth)? what ‘ll be your target/goal/aim for the end use of your wealth?

    Thanks

    Ashal

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