Financial Planning Queries

How to recover my company fixed deposits

I have invested my money in Company fixed deposit of Unitech, Micro Technology and Plethico Pharmaceutical. I am not getting my money back from these companies and my FD matured in 2014. Can you please suggest us what can be done? I think there are many consumers who are facing this issue?

May 3, 2017 by Soniya, New Delhi | Financial Planning

There are quite a few options available to you to recover the amounts from the defaulting companies. Under the Companies Act, 2013 a depositor is free to file an application under sub-section (4) of section... Read More

How can I better my current investments

I am Suraj Rai 27 years old salaried person. I am married and my wife is a teacher. We have 1 year old baby boy. My current salary is 32k/month and wife is getting approx. 13k/month in hand. We both are expecting at least 10% continuous hike in our salary/year. We are trying to build financial wealth as much as possible as my father's retirement is still 5 years later(He is government C class A grade central railway employee). So we have sound family's financial backing at present if something goes south. I have done below investment till date. 1. 2 LIC policy with combined yearly payment of 27025 Rs(it's insurance clubbed with investment). 2. 1 ELSS scheme taken of Axis Bank Long Term Fund, amount 50000 lump sum payment done in December 2016. 3. 15872 Rs/year of medical cover for me, my wife and a 1 year kid taken in August 16. total coverage is 18 lakhs for us, 15 lakhs in joint while 1-1 lakh each for me, wife and baby. 4. One 2 BHK flat purchased in Virar W Mumbai in April 2016 along with property & life cover(Rs 36 lakh) till loan period (11 years after possession). Agreement value is approx. 39.5 lakhs. EMI will be 44.5K/month once possession is given to us. Till that period , PRE EMI will be getting deducted(presently around 25K/month). My views are that taken life insurance policy will work as a debt fund along with minimum insurance cover. after 40 years projected return is approx. 40 lakhs. By the same time I will have Second I wish to use ELSS scheme for next 2 more years to build a decent emergency fund as that is major concern for me due to lack of funds in hand. Further I wish to stabilize my finances for some time as I believe, I am overstretched due to loan EMI. For more safety Should I buy additional life cover for me & my wife as premium is very low nowadays? I have 10 lakh of life cover already from LIC and additional 36 lakhs jointly with my wife from Aviva life insurance which is linked to my home loan account. My wife doesn't have any other insurance cover. Please have a look in my investment pattern and suggest what can be done to make it better. If any clarity is required, please let me know?

Apr 26, 2017 by Suraj Rai, Mumbai | Financial Planning

We think you should not mix insurance with investments and also should not compare debt funds with your life insurance policies. How you have calculated that you will receive Rs 40 Lakhs from your and your... Read More

How to create corpus for buying a home after 2 years

We are planning to purchase a house in 2019, costing around 1.5 Crore. Wish to have a corpus of around Rs 50 Lakhs in hand in Dec 2019 with as SIP / STP of around 40-50,000 per month. We are moderate Risk seekers. Kindly suggest best performing funds?

Apr 24, 2017 by Ketan A, Rajkot | Financial Planning

You have only 2 years and 8 months in hand for creating the corpus of Rs 50 Lakhs. Since the tenure is 2 years and 8 months only, investing in short term debt funds can be suggested. Assuming annual return... Read More

Should I select different funds for different financial goals

The words super, great, wonderful not enough to appreciate your service. Really this site giving knowledge that making future safe. So thanks from heart. Am NRI, 27 year age. My Financial Plans are, Buying House - Rs 40 Lakhs (5 year), (Short term) Business Capital - 50 Lakhs (11 year), (Medium term) Children Marriage - 1 Crore (20 years ), (Long Term) Retirement Plan - 5 Crores (30 years). So my question is I have to maintain different portfolio’s according to my goals because from my understandings for this corpse at least I need 80, 000 - 100,000 per month. That I can’t now. so I thought first I will invest for my short term goal (1) and meanwhile for second goal. After 5 year I plan to continue for my others goals gradually. Hence for Short term I choose debt funds. For 1 goal (Short Term - 5 year), (some equity funds for 2 - goal) L&T Ultra Short Term (Debt) - 5000, Birla Sun Life Short-Term Fund (Debt) - 10000, SBI Magnum Gilt Fund (Debt) - 5000, Franklin India Prima Plus (Diversified) - 2500, Birla Sun life Frontline Equity Fund (Large) - 2500, HDFC Balanced - 5000, Total SIP = Rs. 30,000 per month. After 5year (rest of goals – long term), Franklin India Prima Plus (Diversified) - 5000, Birla Sun Life Frontline Equity Fund (Large) - 10000, HDFC Balanced - 10000, Franklin India Smaller Companies Fund (Small) - 10000, Mirae Asset India Opportunities Fund (Diversified) - 5000, Birla Sun Life Short-Term Fund (Debt) - 10000, Total SIP = 50,000 per month Gradually depend upon my future growth I will increase SIP on large and Diversified funds. For assets allocation I remain invest in debt. So please advise is this portfolio and plan will help to achieve my goal?

Apr 24, 2017 by Michael, Chennai | Financial Planning

Thanks for the kind words which we truly appreciate. Your idea to plan for different life goals by creating separate investment baskets is an ideal approach. You have also selected good funds for your short term... Read More

Can I reach my financial goals with current investments

Please find the details pertaining to my portfolio and advise me to build my corpus. My objective is to build a corpus of Rs. 1 Crore after 5 years. Kindly evaluate the choice of my funds and let me know how much amount I will be getting after 5 years with the help of these investments. If this much is not sufficient then how much do I need to invest. The details of my present portfolio follow as :- BSL Frontline Equity Fund (Large Cap) - 4000, ICICI Pru Focused Blue Chip Equity (Large Cap) - 4000, SBI Blue Chip Fund (Large Cap) - 4000, HDFC Midcap Opportunities Fund (Mid Cap) - 5000, DSPBR Micro Cap Fund Regular (Mid Cap) - 5000, Sundaram Select Midcap Fund (Mid Cap) - 2000, Franklin India Smaller Cos. Fund (Mid Cap) - 6000, BSL Banking & financial services (Sectoral) - 5000, Reliance Equity Opportunities Fund (Flexi Cap) - 4000, Reliance Small Cap Fund (Flexi Cap) - 2000, SBI Magnum Multicap Fund (Flexi Cap) - 5000, HDFC Growth Fund (Flexi Cap) - 5000, ICICI Prudential Value Discovery Fund (Value Style) - 8000, BSL Pure Value Fund (Value Style) - 4000. Lump Sum - Public Provident fund (Debt) - 500000, ELSS Mutual Fund (Equity) - 950000. Should I continue with these funds or do I need any changes please suggest. Also suggest some funds for lump sum investment? Planning As on Year 2014 - For Study of My Son - 5000000 SIP 8000, For Marriage of My Son - 5500000 SIP 5000, Amount Required After Retirement - 30000000 SIP 15500?

Apr 17, 2017 by Bishwanath Singh, | Financial Planning

Currently you are investing Rs 63,000 per month through SIPs and your investment horizon is 5 years. You have selected funds from large cap, mid & small cap, diversified and sectoral funds and your portfolio... Read More

Can you give suggestion on my existing investments

Can you give I am 47 years of age. I am the sole bread earner of my family of 4 i.e, me, my wife, and my 2 daughters (19 and 12 years old). my monthly income from the salary is @1.30 lacs. my current liabilities are 4.25 Lakhs of balance home loan and 50,000 of balance car loan. my assets 2 flats (present worth of @ 1.10 Crore) and my investments are 8.5 lacs in EPF, 4.0 lacs in PPF, 3 lacs bank FD 5.5 lacs in mutual funds, 2 HDFC ULIP of 50000 each (7.2 lacs current values total - 3 years premium paying balance), 2 Kotak ULIP of 75000 each (current value 8.5 lacs total - premium paying term balance 11 years), 3 ICICI Pru Life ULIP of 50000 each (current value 5.4lacs - no further premium paying for 2 ULIP and 3 years balance premium paying for 3rd ULIP). I have invested in HDFC Top 200 (2000 Rs SIP), HDFC Equity Fund (3000 Rs SIP), ICICI Pru Value Discovery Fund (2000 Rs SIP), Birla Sun Life Frontline Equity Fund (2000 Rs SIP), and recently started in Reliance Tax saver ELSS (2000 Rs SIP), L&T India Value Fund (5000 Rs SIP), L&T Prudence Fund (Rs 5000 SIP), SBI Bluechip Fund (5000 Rs SIP). I would like to know whether I should continue in the mutual funds selected or stop in few funds. Also I would like to know about your advise on the ULIP. I have a medical policy provided by my employer of 6 lacs and a personal medical floater policy of 8 lacs. Also I have a term insurance plan of Rs 60 lacs. Please give your critical advise on the queries mentioned above and also any other advise?

Apr 17, 2017 by Hemant, Pune | Financial Planning

Here are our observations and suggestion on your query - Your first priority should be to pay off your car loan and home loan. In case you have some surplus, do pay back the loans first and then invest. Investing... Read More

How to save for my marriage and start own business goals

I have queries regarding investment. My age is 28 years. I am currently in a contractual job in abroad for 1year(extendable). I have 2 goals for future. First one is saving for my marriage in 2years and 2nd one is fund for my start up business plan in next 6 years. In what type of mutual fund do I invest or any other investment plans?

Apr 12, 2017 by Anup, Ryadh | Financial Planning

As your marriage goal is only two years away, you can save the investible surpluses in short term income fund either through SIP or in lump sum as and when funds are available. You can choose a short term... Read More

How to earn monthly return from lump sum investment

My close relative's son-in-law passed away recently at very young age. His family got a settlement of around 50L and he was surviving with his wife and 2 kids (Girl 9 years and Boy 3 years). So, he approached me for investment avenues and his primary concern is to get monthly income from his investments. Following were my suggestions 10L in DSP balanced(Monthly Dividend) 10L in ICICI Balanced (Monthly Dividend) 4L in BNP Balanced - NFO - Dividend Monthly Rs. 5000 SIP - DSP Micro Cap Fund Sukanya Samridhi - Rs. 50000 Yearly Kindly suggest above recommendation can be made better by inclusion or replacing any of the funds?

Apr 9, 2017 by Mohan, Kochi | Financial Planning

Your investment suggestion to your close relative's family is partly correct. Why partly correct because we feel that you should not advise them to invest in a mutual fund NFO when the need is to meet... Read More

How to reach my child education and retirement goals

Please advise if any modification required for my Mutual SIP portfolio. Investment horizon 10 years+ and purpose is to create a fund for my kid's education (Another 13 Years time - Need 2 Crores ) and retirement ( another 20 years - Need 3 Crores) Below is my choice of funds which I am currently doing SIP; Please advise if any adjustment needed in my investment strategy. I have no existing liabilities and have long investment horizon 1. DSPBR Micro Cap - 10000 p.m, 2. Mirae Emerging Blue chip - 10000 p.m, 3. Franklin India Higher Growth Indian Companies - 5000 p.m, 4. Canara Robeco Emerging Bluechip - 5000 p.m. (Wondering if I should discontinue this and invest in SBI Multicap fund instead) 5. SBI Blue chip - 5000 p.m., 7. ICICI Balanced Fund - 5000 p.m., 8. UTI Transport and Logistics - 5000 p.m., Kindly suggest me, If any correction is required?

Apr 9, 2017 by Vikram, Mumbai | Financial Planning

We are glad to see that you have very clearly defined your two long term goals - Children education and your retirement, along with the targeted amount needed for each of these goals. You have also... Read More

How to plan my finances even though I have enough for my living

I am 52 year old lady. I have just retired from Governmnet service. I shall be drawing pension of approx Rs 60,000 per month. I also am a professional and plan to continue to work and am likely to generate average monthly income presently of Rs 25,000 per month, which may increase slowly. My husband is also in Government service still for next 10 years. My earnings are not presently necessary for household expenses. I have a retirement corpus of approx 1 Crore. I have no exposure to mutual funds. I am contributing to PPP, Senior citizen saving scheme, SSY in maximum amounts. I have Government health insurance cover. kindly advice?

Apr 9, 2017 by Sujata, Mumbai | Financial Planning

Your financial situation looks very good as you have a decent pension earning, a retirement corpus and above all a post retirement occupation giving you a moderate income. Your husband is still working therefore... Read More