yearly financial planning

POSTED BY bhat543 ON April 18, 2012 11:06 pm COMMENTS (2)

As i told earlier i m earning about 10000 per
month, as far i donot have any much savings
but naw i want to invest in any long term investment,
plan (for about 10-15 years). I can effort around
3000 per month.. So please help me out
that in this situation which plan of finance
will suit me?

2 replies on this article “yearly financial planning”

  1. Dear Ganesh, As you are with out income tax liability & keeping the income level, I w’d ask you to open a bank Rd of 2K Rs. for 10Y term. For remaining 1K Rs. please start investing in a balanced fund like HDFC Prudence. Once you have more money to invest in due to your increase in your income as well as your own confidence builds up, you may think to invest in more funds.



  2. Krishna Kishore Appala says:

    Hi Bhat

    As you said you can save 3000 per month , and for a period of 10-15 years.

    So , in that case I suggest you to start a SIP of a good Mutual Fund and start saving every


    As you are not taxable , so no need to go for ELSS instead invest in Equity Mutual funds.

    Some good funds that can suits your profile are :

    1) HDFC Top 200
    2) Canara Robeco Equity diversified
    3) DSPBR Top 100 Equity
    4) HDFC Prudence (Balanced Fund)
    5) Quantum Long Term Equity

    Remember only choose Growth option in any Mutual Fund.

    Happy Investing 🙂

    Krishna Kishore Appala

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