First of all, thanks for providing valuable information through your web site.
I request your suggestion for my current/future portfolio.
Age: 37 years
FD (Bank+Corporate): 20L (I am considering this amount as emergency fund also)
Term Insurance: 60L
Home Loan: 35L (Principal Amount as of now)
Home Loan EMI: 66k/month
Birla Sunlife Frontline Equity Fund (G) – 1L
Axis Long Term Equity Fund (G) – 1.5L
DWS Hybrid Fixed Term Series 41 – Regular (G) – 1L
DSP Blackrock Microcap Regular (G) – 50k
HDFC Balanced Fund (G) – 50k
UTI Mutual Fund (G) – 50k
I am planning to invest 1L/month. Investment period is 10 years for 50k/month and 20 years for another 50k/month.
1. Pl suggest where to invest? I would also like to start SIP.
2. In current MF investment, do you suggest any modification?
3. Any other valuable suggestion?
Whether your term insruance is suffice to you?
Considering the home loan, I think that I should add 35L in term insurance.
The ideal insurance must be around 15-20 times of your yearly income (a rough estimate).
Ok. sure. will consider this. Pl suggest for investment.
They are listed in my earlier post “Top 10 Best SIP Mutual Funds to invest in India in 2016“. Read the blog post and comments carefully.