Future Investments - Need advice

Q & A Forum › Category: Investments › Future Investments – Need advice

madhurap21 asked 10 years ago

I am currently invested in Mutual funds as well as Fixed & recurring deposits. Below is my monthly investment split. 4000 - UTI retirement benefit plan - growth 4000- UTI ULIP 2000 - Recurring deposit. I am looking to add an additional 5000 per month. and looking at options of Axis ELSS, HDFC top 200, etc. Can you please advise, how do i split my 5000?

3 Answers

0 Vote Up Vote Down

Best Answer

Sreekanth Staff answered 10 years ago

Hi, May I know your investment time-frame & objective(s) ??

0 Vote Up Vote Down

madhurap21 answered 10 years ago

I am a newly married girl. so will be planning a house in 2 years. also will be planning a child in 2 years. so children education, marriage, buying a car, retirement, are the objectives

0 Vote Up Vote Down

Sreekanth Staff answered 10 years ago

Hi, Ok. You can use the calculators available in the below articles and calculate the required approx amount of savings to reach your goal target amounts;

You may suggest your husband to take a Term plan with adequate life cover (if he does not have one).