Sir,
I am 45 yrs old with monthly salary of 160000/per month.
i pay --- LIC housing loan -16000/pm SINCE 2010
LIc insurance 65000/per annum since 2005
ppf+ nsc ---100000/pa since 2014
Started savings late. I would like to invest MONTHLY 20000 IN MUTUAL FUND/ELSS/PENSION SCEME/BALANCED FUNDS
WITH CURRENT BALANCE OF 20 LAKHS
GOAL- DAUGHTER EDUCATION AFTER 15 YRS SHE IS 7 YRS OLD
AN INDEPENDENT HOUSE /BUNGALOW NEARBY PUNE WITHIN 10 YRS
KINDLY GUIDE ME FOR SMART INVESTMENTS.
I AM REALLY SHY OF MYSELF BEING STARTED INVESTING LATELY.
MY RETIREMENT AGE 68 YRS. AS WORKING IN PRIVATE SECTOR.
1 Answers
Hi,
1 - May I know the details of your LIC policies (Plan name, Commencement date, Sum assured & tenure).
2 - You may kindly ignore buying Pension schemes.
3 - Do you have adequate health cover for self/family?
Read:
https://www.relakhs.com/insurance-importance-life-health-accident-covers/
4 - Kindly go through below articles and you may revert to me with your analysis;
https://www.relakhs.com/calculate-kids-education-goal-amount/
https://www.relakhs.com/retirement-planning-calculator-3-easy-steps/
https://www.relakhs.com/personal-financial-planning-articles-list/
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