Post all your financial planning queries here Part-2

Hi Shaishav,

Thanks for all your efforts to answer our queries here..

Here is my details. Please let us know how can we invest and reach our short and long term goals..

income-(70k+35k -Husb and my salary)
home loan-32k-tenure-15years-Just started.
house hold expense and inlaws-15k
insurance-1policy-25k per annum for my daughter
and one endowment policy in my name-going to be over by next year-6.8k halfyearly
2 life insurance and ulip-premium 7k half yearly
liabilities- having jewel loan for 4 laks.
Please advice me how to invest in various options to clear the loans and invest in something for child's future.
Please advice me some SIP's and various investment options.

Regards,
Sudha Manimaran

 

Hi shaishav,

Which ETF fund is good ? Also pl suggest whether govt securities /RBI bonds are good for investment?

 

Hi Shaishav,

This is regarding the process to be followed when you have repayed the personal loan. The last installment for my personal loan is due on March 2012.

I would like to know if i have to collect any form from the bank stating i have cleared the loan amount. Also i remember providing some cheques to the bank. Shud i ask the bank to return the cheques also.

What else i shud collect from the bank before paying/after paying the last installment for the personal loan.

I hope my query fits into this thread. If not plz let me know.

Thank u

 

Hi Shaishav,
can you please tell me about SIP and how to start?. how much we need to pay every month? Returns? How many years need to pay like that? i am interested to know more about hdfc top 200 from ur earlier replies.

 

Hi Raki,

You do not need to worry about the cheques as the bank will send it to you by post once the loan term is over. You can ask them to give you a letter of completion or payment track record. Payment track record usually helps you in getting another loan quickly.

Regards,

Shaishav

 

Hi Srisha,

You will have to do some paper work for that and you need a PAN card to start investing.
How much??? I would say the maximum you can stretch...However I would suggest you to be goal oriented and invest for a goal... that will give you more visibility over where your funds are going.
You can invest in HDFC Top 200

Regards,

Shaishav

 

Why are you looking at ETF only? Please specify the purpose of the proposed investment

Regards,

Shaishav

 

Hi Shaishav,

I am silent reader of this forum, I read all your posts Really it was impressive.

We had this big question from long time. I will show this reply to my husband to convince him J

We are in US, came here last year September, we will stay here up to 2014 Sep.
We got married 4years back, up to now the savings we did is nothing. I worked previously, but now I am not working as I don't have H1. We want to invest good amount in INDIA in MF/Gold/SIP. Don't have much knowledge about market.
Please find below details.


Your & your husband’s age: 29 and 32

• If both are working: No
• Kids (if any): 2years old daughter.
• Monthly income: 5000$
• Monthly expenses: 2000$
• We pay towards policies yearly: Me –65000(LIC 34000 and MF)
  My husband: - 50000(LIC, and sriram MF)
• Investments done so far and where and for what purpose: ING Vysya and SBI mutual funds. 3 years locking period is over. FD 1lac in HDFC.
• 5lacs Chit fund - Going to end this month.
• Regular investments being made other than the above plans: I am saving 5000/ month in RD.
• EMI’s being paid (if any): No[FONT=&quot][/FONT]

how much is the minimum amount i should save per month for

• my child's future(education,marriage etc)
• for building a house in kerala in next 2years.
• for getting a decent monthly income after retirement.

Please give your valuable inputs. Please help me out.

Thanks,
Suraani.

 

Could you please any one give reply.

Suraani.

 

Hi ILS,

No reply..................