I am investing 1.5 lacs per year in my employer Company WeSop for the last 3 years as the company invests additional 75% of my investment in my account with 15% discounts. I have Zero knowledge on outside Market investments. Over and above my WeSop investment, Now i am planning to invest 15000 every Month, i have below queries please –
- please suggest how i can diversify my investments
- Which are some of the Top plans you suggest for all models
- who do i go to, to initiate these investments for me!!
Age – 32, Married with a 1 yr Son.
Financial Goals –
15 to 17th year returns of 50 lac after tax deductions (Child Education)
20th to 25th year returns of atleast 1 Cr after tax deductions. (Child Higher Studies + Marriage)
Thank you very much for your precious time on this. Look forward to partner with you in future.
WeSop will create a huge concentrated risk. Hence, whenever you are eligible to withdraw, then liquidate and move to mutual funds for a better diversification based on time horizon of the goals.
Regarding the funds and asset allocation of the debt to equity, refer my post.
People today are financially prudent and wish to yield better returns while reducing the risk element. That is why SIP seems to be the best option for them. Kotak Mutual Funds offers many different plans and these vary in risk level and in returns. An investor can evaluate these parameters before deciding how much to invest.