FINANCIAL PLANNING
Q. Respected Sir, I am a student who completed her graduation recently and wanted to start investing but doesn’t understand which type of investment would be best for me. Please guide me where and how much should I invest. -Nidhi Singh, e-mail
A. Dear Nidhi, We would like to congratulate you on your wise decision to start investing at such an early age. Assuming no liabilities at your age, we suggest you keep 100% exposure in Equity Mutual Funds. You may start the SIPs in Large-Cap, Mid-Cap & Multi-cap Equity funds.
The recommended funds in these categories are as follows
Large Cap: ICICI Prudential Bluechip Equity Fund/ Mirae Asset Large Cap Fund
Mid Cap: Invesco India Mid Cap Fund/ Tata Mid Cap Fund/ Kotak Emerging Equity Fund
Multi-Cap: Canara Robeco Equity Diversified Fund/ Motilal Oswal Multi-Cap 35 Fund
Good Luck!
Q. Ma’am/Sir, Apropos the subject captioned above, it is to inform you that I am Single/Bachelor, aged 50 Years (Date of Birth 11.05.1969), Central Governments as Income Tax deduction, Rs. 1000/- as Professional Tax/Central Govt. Employees Insurance Scheme/Society charges. My monthly household expenditure is around Rs. 15,000/
My Current Assets are as under :
( 1 ) Own a residential flat, used for self-occupation.
( 2 ) Have over Rs. 40 Lakhs in my bank’s Savings Account Cum Fixed Deposit, with Auto Sweep Facility.
( 3 ) Have over Rs. 29 Lakhs balance in my P..P.F. account and contributing Rs.1,50,000/-per annum.
( 4 ) Have around a balance of Rs. 16 Lakhs in my General Provident Fund Account.
( 5 ) Invested Rs. 15 Lakhs in Tax-Free Bonds.
( 6 ) Have taken a Mediclaim of Rs. 15 Lakhs from M/s. New India Assurance Co. Ltd.
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Esta historia es de la edición August 2019 de Investors India.
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