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Financial Planning Queries

How can I create a corpus for education of my son after 10 years

I have Rs. 2000 SIP in HDFC Top 200 direct Growth. I have an active folio but SIP terminated investment in Reliance Regular Savings Fund Direct Growth Option. Should I start it once again. My basic target is to let around 10-12 thousand flow in investments in a balanced way. Other investment details are as follows: 1. LIC Jeevan Saral 1000 monthly, 2. LIC Jeevan Anand 1200 monthly, 3. PPF 25000 annually, 4. Buy gold ETFs (GoldmanSachs) via Demat account 1-2 units annually. Most importantly, I am 37 years old, with family. I will be needing some corpus for my 3 yr old son after 10 years for his education. Of late I have been hearing about balancing the investments. Please help in this regard?

Dec 7, 2016 by Hitesh, Mumbai  |   Financial Planning
What you have read about balancing the investment etc. is right. The idea behind this is to invest according to your risk taking appetite. Therefore, you should first assess how much risk you can take and then... Read More

Do you offer personal finance consultancy

Do you offer personal finance consultancy as well? If you do, how to approach?

Dec 6, 2016 by Deepak, Hyderabad  |   Financial Planning
We do not provide personal finance consultancy or investment advisory services. But, if you want we can connect you to a financial advisor in your city. However, if your have any general query about investing... Read More

How to create a corpus of 4 Crores in next 20 years

I am 40 year old. By profession doctor. My income 24 Lakhs per annum. I am doing the following - 1. Paying house loan emi 40,000 per month since 3 years, 2. PPF account (me and my wife) 15 lakhs, 3. RD in bank @ 9% interest / Rs. 5000 per month, 4. Mutual funds - a) ICICI Prudential Value Discovery Fund Rs. 4,000 per month @ 2 years, b) HDFC Balanced Fund Rs. 3,000 per month @2 years and c) UTI Midcap Fund Rs. 3,000/ month. Sir, I want a corpus of 4 Crores in 20 years. Please suggest me mutual funds portfolio for 4 Crores in 20 years. Total SIP amount and fund name etc?

Dec 4, 2016 by Lokesh Arora, Bikaner  |   Financial Planning
Your investment in PPF is fine and you should continue with that. I think, you are also claiming tax rebate on your principal and interest amount on monthly Home loan EMI. With PPF and tax benefit on Home... Read More

How to plan my finances and future goals

My name is Krishan working in export firm and my age is 38 years. And having one daughter, wife is house wife. My assets are follows 1) My salary package as on date: 350000 pa, 2) EPF balance as on date 4 lac, 3) Flexi Fixed Account in all Allahabad bank and account balance About 2 lac, 4) LIC money back policy SA 5 lac out of which I have paid 8 premium of Rs. 18500 policy tenure 20 years. I received money back every five year About Rs. 50000, which I make the fixed deposit for next 3 premium Still I don't have any financial planning but now I am aware of these things and financial goals are as follows 1) Retirement planning: my expense as on today is Rs. 20000 I want to retire in 55 year of age, 2) Daughter Marriage: 8 year old and expected to marry 23 years of age and need 10 lac as on today exp, 3) Daughter Education 8 lac as on today exp, 4) every year I need 20,000 for vacations I can invest 3000 pm in moderate risk. Can I fulfil my goals else how much Amount I need to complete my goals I can increase this SIP every year 10% Please suggest?

Oct 25, 2016 by Krishan Bhardwaj, New Delhi  |   Financial Planning
Based on the information provided you, the investment made by you is primarily in fixed deposit and life insurance policy. You have Rs 2 lakhs invested in FD. The current FD interest rate is around 7%. Assuming... Read More

Is my investment portfolio correct to meet my financial goals

My self Gaurav Pratap Age 33 years, working as Design Engineer. I am from Varanasi Uttar Pradesh. I have one daughter of 5 years old and my Annual Income is 14 lakhs/Annum. My investment details are as follows-: 1. Term Plan - 75 lakhs, 2. Medical insurance - 8 lakhs(personal) + 3 lakhs (company provided), 3. PPF - 3500 per month (presently having approx 4 lakhs in PPF), 4. SIP Details - Presently having approx 8 lakhs in Mutaul Fund. Mutual Fund Scheme details follows - 1. ICICI Pru LTEF (Tax Saving) - Growth - 2500 Aug 14, 2. ICICI Pru Value Discovery Fund - Growth - 8500 April 15, 3. ICICI Pru Focused Bluechip Equity - Growth - 9500 Aug 14, 4. ICICI Pru MidCap Fund Plan - Direct Growth - 4500 Jan 15, 5. HDFC Long Term Advantage Fund - 2500 Aug 14, 6. HDFC Top 200 Fund - Growth - 4000 Aug 11, 7. HDFC Prudence Fund - Growth 3000 Aug 11, Total - Rs. 35000 per month. Emergency Fund - 1.5 lakhs, PF - 120000 per Annum (approx 5 lakhs in PF), Share - Approx 1.1 lakhs. Goals - 1. Retirement – 1.5 Cr., 2. Marriage - 75 lakhs, 3. Education – 75 lakhs. I have made my home. Query - 1. Whether I should reduce/stop my SIP in HDFC Top 200 if yes where to invest? 2. If I start another SIP then how will I get the benefits of compounding? 3. My portfolio is correct or not?

Sep 15, 2016 by Gaurav, Chennai  |   Financial Planning
Some of the key details in your query is missing – Like, your retirement age and current monthly expenses. However, we will still try to answer based on whatever details you have shared with us... Read More

Can you please advise me if my investment planning is correct

First of all, you are doing great job by giving the details about investment. I have gone through many Blogs & websites but no one review the person's investment, without Money and providing the suggestion. All your articles excellent. Can you please review my investment and share your feedback. Age: 30, Monthly salary: 50000, Monthly Expenses: 20000. Current Investment: SBI Bluechip Fund - 1500 (Last 6 months, I will continue more than 5 years), Tata Balanced Fund - 2000 (Last 15 months, I will continue more than 5 years), Reliance Tax Saver Direct Plan - 25000 (SIP for One Year currently Stopped), HDFC Top 200 Direct Growth - 22000 (One time Investment Keeping last one year), HDFC Medium Term Opportunities Fund - 50000 (Lumpsum from last one month), Birla Sun Life Retail Plan Growth - 25000 (Lumpsum from last one month). Planning to investment 3 Lakhs Post office Monthly saving scheme, also reinvest the post office interest amount in some mutual funds. This is for next 5 to 6 years. I would like to know if this is the correct way. If not please suggest some fund to park the money?

Sep 6, 2016 by Venkatesh, Chennai  |   Financial Planning
Thanks for the kind words and the appreciation. We at Advisorkhoj, are committed to help the investment advisory eco system and thus it is our endeavour to answer each and every query raised by investors and... Read More

Can you please let me know if my fund selection is fine for investing over next 15 years

I am planning to invest in the following schemes for next 15 years. Please do review the same and provide me with your expert answer. PPF - 5000 (15 years), SBI Blue Chip Direct (G) - 5000 (15 years), SBI Midcap Magnum Direct (G) - 5000 (15 years), Franklin India Smaller Companies Direct (G) - 10000 (15 years), HDFC Balanced Direct (G) - 10000 (15 years), ICICI Prudential Value Direct (G) - 10000 (15 years). Please let me know if there are any other funds or should I invest in sector oriented funds considering that I have an investment horizon of 15 years?

Aug 16, 2016 by Muthuraman, Thiruvanthapuram  |   Financial Planning
Your idea of investing in PPF and mutual funds over 15 years is a wise decision. The funds selected by you are all good performing and spread over large cap, diversified, midcap and balanced funds... Read More

How much I should invest each month to build retirement portfolio based on my current monthly expenditure

I am of 30 year and currently a central government employee. I am having child of 3 months. I am under NPS with current value of Rs 5.00 lakhs. My monthly contribution include government towards NPS is Rs. 7550/- which is expected to increase Rs. 9000/- after pay commission. Monthly earning after all deduction:- Rs 42000/- (expected after pay commission- 49000/-), Monthly expenditure is Rs. 27000/- (including rented house @ Rs 8000/-), Invested in Axis Long term equity direct growth (SIP= 2000 from Dec-15), Retirement age 60 years, Life expectancy 80 years. After retirement to live in self occupied house. Please advise:- 1. How much I should invest each month to build retirement portfolio based on my current expenditure. Also suggest name of mutual fund along with investment break up? 2. How much and which MF combination I should invest each month to build child education portfolio for Engineering after 17 year?

Aug 3, 2016 by Mukesh Kumar, New Delhi  |   Financial Planning
The answer to your query is that you should get your financial planning done by some financial planner at Delhi as he or she will be able to take complete information from you, understand your risk profile... Read More

Difference between EPF vs PPF vs NPS vs RD vs FD

Difference between EPF vs PPF vs NPS vs RD vs FD?

Jul 25, 2016 by S Nair, Mumbai  |   Financial Planning
We do not have readymade content to really do this comparison. But definitely, we will try to address this by creating some tools. Meanwhile, few of the comparisons can be found from here... Read More

National pension scheme advantages and disadvantages

National pension scheme advantages and disadvantages?

Jul 25, 2016 by S Nair, Mumbai  |   Financial Planning
You can read the following articles which I am sure will help answer your query... Read More

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