Hi Guys,
I'm a 32 year old professional, married with no kids. I need some advice on my investment and financial planning.
Till now I was putting Rs. 25,000 monthly in Recurring deposits
(Renewing after every 12 month). Now that my income has increased I'm planning to invest in mutual funds and PPF. I will continue with Rs. 25,000 in RDs but will put an additional Rs. 5,000 in PPF (for tax incentives) and another Rs. 20,000 monthly in the following mutual funds via the SIP route.
1. HDFC Top 200 - Rs. 5,000
2. Reliance Growth Fund - RP (G) - Rs. 5,000
3. HDFC Prudence Fund (G) - Rs. 3,000
4. Reliance Regular Savings Balanced - Rs. 3,000
5. Birla Sun Life Dividend Yield Plus - Rs. 2,000
6. ICICI Prudential Discovery - Rs. 2,000
I will likely stay invested in these funds for 3-5 years or maybe even longer. How does this look? Please advice.
Thanks in advance.
Ajay
I'm a 32 year old professional, married with no kids. I need some advice on my investment and financial planning.
Till now I was putting Rs. 25,000 monthly in Recurring deposits
(Renewing after every 12 month). Now that my income has increased I'm planning to invest in mutual funds and PPF. I will continue with Rs. 25,000 in RDs but will put an additional Rs. 5,000 in PPF (for tax incentives) and another Rs. 20,000 monthly in the following mutual funds via the SIP route.
1. HDFC Top 200 - Rs. 5,000
2. Reliance Growth Fund - RP (G) - Rs. 5,000
3. HDFC Prudence Fund (G) - Rs. 3,000
4. Reliance Regular Savings Balanced - Rs. 3,000
5. Birla Sun Life Dividend Yield Plus - Rs. 2,000
6. ICICI Prudential Discovery - Rs. 2,000
I will likely stay invested in these funds for 3-5 years or maybe even longer. How does this look? Please advice.
Thanks in advance.
Ajay