October 14, 2013 8:11 am
I’m going to have 400000 in next year 2014. Can you tell me wealth management for this amount ?
Thanks for your suggestion
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.
So what do you think, how much could be the reasonable target?
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.
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 )
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.
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 .
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?
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