dear sir,
I recently join in your blog. It is wonderful blog for novice investors an helpful too. past 2 days I reading the q&a forum , it really helpful to me to find out finance planning.
I AM RETIRED PERSON age 64. did you suggest me 2 m.funds one with invested in lumpsum amount and another is sip for 5 years. i expect moderate returns over above fd deposits. i willing to moderate risk . in sip return i selected hdfc balance fund for 5 years. but i want to 4 lakhs investment for 3-5 years. which do you suggest. please guide me thanking you sir,
sincerely, paturi. bapayya
2 Answers
Hi,
Thank you for following my blog & visiting Q&A forum.
HDFC Balanced fund is a decent and right choice if you have 5 year time-frame.
For lump sum investment and for a horizon of 3 to 5 year, you may allocate around 75% in MIP aggressive fund like Birla Sunlife II MIP Wealth 25 plan (Growth option) and 25% in balanced fund.
Kindly read below articles;
Hi Sreekanth
Firstly let me appreciate the effort you put to help people. I joined your blog today. I am an NRI employed in private sector aged 50 yrs, my family is settled in India. Our combined net saving is Rs.25,000 per month.(after meeting all expenses).
I am having personal insurance coverage of 8 lacs (hdfc unit linked young star 2) and medical insurance for whole family (5 lacs) investment in share done for 5 lacs (over a period of 10 years) ; have own house with no financial liabilities or commitments as we are independent family. Recently started 2 SIP for 5000 (hdfc balance fund growth) & 2000 (Birla Sun Life Savings Fund - Growth-Regular Plan) bank savings approx. 4 lacs only as all money lost in family business.
Currently i changed job and received gratuity from old company of Rs.6 Lacs which i want to invest.I plan to continue working for next 5 years minimum. Investments can be done for a period of 5 years
Since I have no knowledge in investment seek your advise.
Thanking you
Please login or Register to submit your answer