Hi,
Please let me know where can I invest more? or
Do I need to correct any of my exsiting investment.
Age – 27
Marital status – Married
Children – No
House – Rent free
Investment –
1. ULIP (4200 p.m.) Since March 2009
2. Mutual Fund SIP (ICICI pru bluechip focused equity growth) (2000 p.m.)
3. Interest less investment – 2000 p.m. for 1 year
4. Misc FD – Rs15,000 (1 yr) , Gold Coin 10gm
Liability – Home Loan EMI 7296 , Loan remaining 6.15 Lakhs, ROI 11.25 p.a. DHFL
Total Cash in hand every month – Rs 57,000
Monthly Expenditure – Rs30,000 (4200 (ULIP),7296(EMI),2000(MF),2000,15,000(Misc exp)
I am planning to withdraw money from ULIP once 5 years are ocmpleted and
pay for the home loan. Is it okay to do that ?
First target/priority is to finish the home loan.
I dont want to invest for long.
Thanks,
Narinder