I am 35 year old working in a small firm as senior architect. My family includes-
wife-35 yr ( house wife)
Father -65 yr.
My salary is -60k Per month..
1.My goals are –
2.I have PPF for me and my wife.
3.Though wife , son and myself are covered in health insurance by personally, for my parents, i have none.
Thanks for this nice article. I also need your advice/suggestions in following:
Time Horizon:5+year in Debt ,10+ year in equity
Asset Allocation;I am following Debt to Equity = 40:60, and as example Investing 8000 Amount, so 4800 for Equity and 3200 for Debt
Large CAP = 1800 PM, Franklin india Bluechip fund (G)
Multi Cap = 1500 Franklin India prima plus fund (G)
Small Cap = 1500 DSPBR Micro Cap Fund(G )
Ultra short term debt fund=1600 PM in Franklin India Savings Plus Fund.
Short term debt fund=1600 PM in IDFC money manager fund.
also im beginner need ur suggestion above fund allocation,
For 5 year goal, don’t touch equity. Regarding Debt part, I suggest you to stick to either Liquid Funds or Ultra Short Term Debt Funds.
Sir Thanks Quick response,Goal Im planning above 5 year+ ,For Debt i have selected 2 fund ,Ultra short term debt fund and Short term debt fund,should i go with one fund or 2 fund ? ,Please comment Equity Allocation.
Considering the current trend, I suggest you to stick to either Liquid Fund or Ultra Short Term Debt Funds.
Sir Please do Clarify below points(Right now i can invest 8k per month,horizon will 6 year to 15 year)
1.Debt (3200 RS)-should i go with one or two fund (3200 RS),
2.Equity (4800 RS)-current trend should i avoid equity?,what should i do with 4800 RS
Sir Please do reply to below points(Every month i save 8k,my time horizon will be 6 to 15 year)
1.Debt(3200RS) -Should i go with one or two fund?
2.Equity(4800) – current trend should i avoid equity?then where should invest remaining 4800rs?
There is a DIFFERENCE of 9 years between the goal period assumed. Be specific at first with time horizon.
sir My horizon for debt is 6 year, Equity is 15 year
For 6 years time horizon you may use 80% Debt (Liquid or Ultra Short Term Debt Fund) and 20% Equity (A large cap fund). For 15 years goal, use asset allocation like 40% to 30% in debt (Use PPF, Liquid or Ultra Short Term Debt Fund) and for rest of equity (One large Cap 50% of equity portion, mid cap 30% of equity portion and small cap 20% of equity portion).