Thanks for advise and the time you took to read and reply to me. I am gonna buy a term insurance asap.
1- Currently I do not have any kind of insurance (accident or health) cover other than provided by company. I am not sure about my parents. I will ask them.
2 – How to start retirement planning? Other than PPF, what instrument I should look into?
3 – Sahara plan is like an RD, where I will invest some fix amount (1k) every month for 5 years and on maturity get a return of around 11%.
4 – Again, should i stop my current ELSS SIP’s and start direct ones? Also, should I redeem UTI pharma and healthcare and ICICI prudential long term gilt fund or should I hold on to them.
5 – Aren’t debt and liquid funds going to attract capital gains tax?
6 – Also, should I invest the whole 50-60k lumpsum in only one ELSS fund?
7 – From next financial year, i will be able to achieve the 1.5 lakh 80C limit through ELSS SIP’s, PF and PPF. Are you suggesting to invest in some other tax avenues in your 8th point?
8 – What do yo mean by leaks in monthly budget?
Thanks a lot again. I will hold the existing regular units and gonna make future investments in direct plan. I will trouble with a few more queries.
1. Considering my current financial situation, what cover should be good for term life?
2. Also, should I redeem UTI pharma and healthcare and ICICI prudential long term gilt fund or should I hold on to them.
3. I like your idea of manually investing multiple times in a year instead of SIP. Do you have any tips if I wanted to do that because even though I track indices and NAVs almost daily, i am not sure what should be a good point to invest in a mutual fund. What strategy, if any, do you use?
Thanks a lot. You have resolved my every query. I will consider every point you have made for my further investments. Thanks Again.
You are welcome. Kindly share the Blog posts with your friends 🙂
I will surely do that 🙂
Please login or Register to submit your answer
