Hi Sreekanth,
I am an NRI of 35 years age working outside India on employment VISA. I am married and have 2 children of age 8 and 2. I have my own house and some funds for emergencey situation.I also have a term plan and health insurance plan. Apart from this I dont have any investments.
Better late then never, I wants to start investing monthly 20000 in Mutual funds. Considering current market situation please advise suitable investment profile using below info:
Time horizan - 8-10 years
Monthly Investment -20000
Thanks in advance.
Imran.
1 Answers
Dear Imran,
You have an Emergency fund, insurance cover and a home to live, so basics are covered :)
It is the right time to start planning for your long term goals and begin investing!
You may pick one Large cap, one diversified equity fund and one balanced fund to start with. If you would like to take little bit more risk, can allocate some amount to mid-cap fund as well.
Ex:
Birla Frontline Equity / SBI bluechip fund
Birla equity / Franklin Prima plus / ICICI Value discovery fund
HDFC Balanced fund
Franklin Prima / HDFC mid-cap opp fund etc.,
Related articles :
https://www.relakhs.com/retirement-planning-calculator-3-easy-steps/
https://www.relakhs.com/calculate-kids-education-goal-amount/
https://www.relakhs.com/personal-financial-planning-articles-list/
https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/
Please login or Register to submit your answer