Hi shreekanth!
Thank you so much for such an informative blog.
I am a 31 year old working lady and have a 18 month old kid. My investment target is for the education and other needs for the kid. My present investment is as follows:
Reliance mid and small cap fund Rs. 3000pm
Baroda Pioneer growth fund Rs. 3000 pm
UTI MID CAP Fund Rs. 1500pm
Aditya Birla sun life advantage fund Rs.1000pm
ICICI Prudential value discovery fund Rs2000pm
Franklin India prima plus RS 2000pm
Franklin India taxshied fund Rs. 2500 pm
Lump sum in DOS Blackrock Tax saver Rs 40000 . Done this month only
Except this I am investing Rs.7000pm in RD
Now I want to increase my SIP investment by 6000pm.I was searching for SBI blue chip or Mirae asset blue chip. My investment horizon is 10 to 15 years.
Please check my present investment portfolio and give suggestions for incremental investment.
Thanks,
Kanu
3 Answers
Dear Kanu,
Do you have adequate life insurance & health insurance covers?
Any specific objective for saving in RD?
Except Reliance mid & Small and Baroda funds, the other listed funds are good ones.
You may replace them with one Equity oriented balanced fund. Ex : HDFC Balanced fund.
Kindly go through below articles :
https://www.relakhs.com/calculate-kids-education-goal-amount/
https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/
https://www.relakhs.com/mutual-fund-categories-market-capitalization-large-cap-vs-mid-cap-vs-small-cap-funds/
https://www.relakhs.com/best-balanced-mutual-fund-schemes-review/
Thank you so much for replying. I have a term plan of Rs. 25 lac from IFLIC for last 4 yes and In a process to get 75 lac more of LIC (premium debited last week only). I have a health insurance of Rs. 4.00 lac from my organization. Except that , Rs. 5 lac from star health (family floater) and Rs. 3.00 lac from HDFC ergo (standalone).
RDs were done earlier for longer duration when I was not well aware of MFs...now waiting for maturity i.e. in next year.
For incremental investment I am going through your suggested articles.
Thanks!!
Hi,
Below are some more articles for your reference, which can be useful in planning your finances ;
https://www.relakhs.com/emergency-fund-importance/
https://www.relakhs.com/best-personal-accident-insurance-policies-in-india-details-comparison/
https://www.relakhs.com/top-up-health-insurance-plans-super-top-up-india/
https://www.relakhs.com/personal-financial-planning-articles-list/
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