Need suggestions on my MF SIP.

P Anantha Long Term, Goal Based Financial Planner
Answered 2 days ago

Hi,It is, usually a good practice to link your investments to a goal. The goal could be anything like child education and marriage, Retirement, Buying a Ferrari, world t… ( more )

Hi,It is, usually a good practice to link your investments to a goal. The goal could be a… ( more )

How much should I contribute to PF or PPF annually?

Subodh Founder of Dhanwise
Answered 2 days ago

PPF or PF is a very important investment avenue and should form part of any salaried person’s retirement planning.Investment portfolios can be a combination of equity an… ( more )

PPF or PF is a very important investment avenue and should form part of any salaried pers… ( more )

Review of Bajaj Allianz Early Retirement Plans - LongLife Goal

Subodh Founder of Dhanwise
Answered Sep 16, 2019

Recently you would have seen ads on TV and radio by Bajaj Allianz for their early retirement plans with the tag line “Why wait for tomorrow mujhe jeena hain today!”I wil… ( more )

Recently you would have seen ads on TV and radio by Bajaj Allianz for their early retirem… ( more )

Is LIC Jeevan Labh a good investment for 10 years?

Subodh Founder of Dhanwise
Answered Aug 23, 2019

Jeevan Labh is a typical endowment plan which combines insurance and investment.You invest a fixed amount each year for a certain period (premium paying term) After the … ( more )

Jeevan Labh is a typical endowment plan which combines insurance and investment.You inves… ( more )

How much should I invest per month?

Subodh Founder of Dhanwise
Answered Aug 14, 2019

The process of figuring out how to regularly invest your earnings is called financial planning. We have created a case study which demonstrates the steps involved in fin… ( more )

The process of figuring out how to regularly invest your earnings is called financial pla… ( more )

What is a safe retirement corpus that one should aim for?

Subodh Founder of Dhanwise
Answered Jul 1, 2019

Hold your breath! The answer is 7.8 crores! And you can achieve this by starting with an SIP of Rs 15,500 from the age of 30.Don’t lose your sleep already over this… ( more )

Hold your breath! The answer is 7.8 crores! And you can achieve this by starting wit… ( more )

Shoud I surrender my LIC Jeevan Anand Policy?

Subodh Founder of Dhanwise
Answered Jul 29, 2019

As explained in this answer - Are endowment plans like LIC's Jeevan Anand a good investment option?, the policy combines insurance and investment. it However it&nbs… ( more )

As explained in this answer - Are endowment plans like LIC's Jeevan Anand a good inv… ( more )

What is the difference between fee-only and commission based advisors?

Subodh Founder of Dhanwise
Answered Jul 16, 2019

There is a lot of confusion about the fees paid for financial planning services in India, mostly because there are a variety of business models, each of which charges cl… ( more )

There is a lot of confusion about the fees paid for financial planning services in India,… ( more )

What are some SIP suggestions for a beginner in the field of investing?

Preeti SEBI Registered Investment Advisor
Answered Jul 15, 2019

Dear Prasanna, Investment process is very easy to understand. You need to know two things to be a successful investor.Knowledge: Gather knowledge about investment, per… ( more )

Dear Prasanna, Investment process is very easy to understand. You need to know two things… ( more )

Can you review my Mutual fund portfolio?

P Anantha Long Term, Goal Based Financial Planner
Answered Jul 17, 2019

Hi,Mirae Asset Emerging Bluechip Fund is my personal favourite.  Excellent Fund, continue with it, if possible increase your investment in it.Reliance Large Cap Fun… ( more )

Hi,Mirae Asset Emerging Bluechip Fund is my personal favourite.  Excellent Fund, con… ( more )

Are my mutual fund SIPs sufficient to attain goal of Rs 30 lakh in 10 years?

P Anantha Long Term, Goal Based Financial Planner
Answered Jul 12, 2019

Hi,First of all, you have too many funds in your account. Try to reduce them, keep 3 to 4 funds. You are investing 13500 every month. This should be enough for you … ( more )

Hi,First of all, you have too many funds in your account. Try to reduce them, keep 3 to 4… ( more )

How much does a financial advisor cost?

Subodh Founder of Dhanwise
Answered May 9, 2019

There is a lot of confusion about the fees paid for financial planning services in India, mostly because there are a variety of business models, each of which charges cl… ( more )

There is a lot of confusion about the fees paid for financial planning services in India,… ( more )

How to handle lumpsum investment in equity mutual funds?

Srinivasan Software Pro Turned Investment Advisor
Answered Jul 15, 2019

Prabhu - you have a great question.  And I am sure that a lot of people would love to have this problem - of having 50 lacs to invest in one go!I would first give a… ( more )

Prabhu - you have a great question.  And I am sure that a lot of people would love t… ( more )

What are annuity plans?

Srinivasan Software Pro Turned Investment Advisor
Answered Jul 9, 2019

"An ‘Annuity’ is a (financial) product that provides a steady, periodic income, over many years,  to the buyer." This part of annuity makes it similar to a pe… ( more )

"An ‘Annuity’ is a (financial) product that provides a steady, periodic income, over … ( more )

What are some investment options to get an assured pension later in life?

Srinivasan Software Pro Turned Investment Advisor
Answered Jul 9, 2019

Priyank, you are clear that you want a pension.  Let us look at the confusing usage of the term pension plan in India.  Below is an excerpt from my blog articl… ( more )

Priyank, you are clear that you want a pension.  Let us look at the confusing usage … ( more )

Will Rs 3.5 crore be enough for my retirement corpus?

Gursimran Founder ParamAsa Wealth Advisory
Answered Jun 26, 2019

Hello Praneet,The simple rule for calculating retirement corpus is 25 times your annual expenses should be your corpus and 4% withdrawal should be your expensesGursimran… ( more )

Hello Praneet,The simple rule for calculating retirement corpus is 25 times your annual e… ( more )

Which LIC policy to invest in for guaranteed pension?

Srinivasan Software Pro Turned Investment Advisor
Answered Jun 29, 2019

Note: This response does not give the name of any policy, LIC or otherwise.Many people in India miss a very important factor about the structure of pension products in&n… ( more )

Note: This response does not give the name of any policy, LIC or otherwise.Many people in… ( more )

Are endowment plans like LIC's Jeevan Anand a good investment option?

Viral Financial Planner & Founder of MoneyMantra
Answered May 17, 2019

Every year, thousands of buyers invest in traditional insurance plans, lured by the triple benefits of tax deduction at the time of investment, life cover during the pol… ( more )

Every year, thousands of buyers invest in traditional insurance plans, lured by the tripl… ( more )

How to earn monthly pension with Rs 5 lakh investment?

Srinivasan Software Pro Turned Investment Advisor
Answered Jun 26, 2019

I would give a response based on the limited information given in the question.  To set the context, 'pension' can mean different things to different people. The mo… ( more )

I would give a response based on the limited information given in the question.  To … ( more )

How to start investing in a mutual fund?

Preeti SEBI Registered Investment Advisor
Answered Jun 22, 2019

Let me congratulate you ! You are thinking of finances and investment and  eager to know about it. You are also thinking of investing through right financial pr… ( more )

Let me congratulate you ! You are thinking of finances and investment and  eager t… ( more )

How to calculate retirement corpus?

Gursimran Founder ParamAsa Wealth Advisory
Answered Jun 21, 2019

Hi,The simple calculation is 25 times your annual expenses should be your retirement corpus. ( more )

Hi,The simple calculation is 25 times your annual expenses should be your retirement corp… ( more )

Should an undergraduate student start financial planning?

Chandan Financial Planner
Answered Jun 20, 2019

Its very nice to see Youngsters interested in Financial Planning. As of now you don't need an advisor on continuous basis, you can have a one time general consultat… ( more )

Its very nice to see Youngsters interested in Financial Planning. As of now you don'… ( more )

How one should evaluate a financial advisor before getting their services?

Chandan Financial Planner
Answered Jun 20, 2019

You don't need to worry too much about what questions to ask an advisor.you need to keep it simple, make a note of why you feel you need an advisor ? note down what diff… ( more )

You don't need to worry too much about what questions to ask an advisor.you need to keep … ( more )

Is HDFC Life Sanchay Plus a good plan to invest in?

Srinivasan Software Pro Turned Investment Advisor
Answered Jun 18, 2019

I would provide a quick response.  All the investment-cum-insurance products are bad in both counts - they typically have very low insurance coverage and give subop… ( more )

I would provide a quick response.  All the investment-cum-insurance products are bad… ( more )

Investment advice for 21 year old

Srinivasan Software Pro Turned Investment Advisor
Answered Jun 14, 2019

This is an excellent question.  A very brief intro to PPF has been given by one of the contributors. PPF: Fixed interest savings scheme offered by the Governme… ( more )

This is an excellent question.  A very brief intro to PPF has been given by one of t… ( more )

Mutual fund and retirement portfolio review of 26 year old working female

Chandan Financial Planner
Answered Jun 12, 2019

It is nice to see youngsters taking interest in managing their money and learning from the very beginning. It is a very good start, maintain the discipline. Few tips f… ( more )

It is nice to see youngsters taking interest in managing their money and learning from th… ( more )

Retirement planning for 30 year old IT Employee

Preeti SEBI Registered Investment Advisor
Answered Jun 8, 2019

Retirement planning should be one of the most important goals of everyone’s life. But unfortunately, in India, we postpone provisioning for the same, for the sake … ( more )

Retirement planning should be one of the most important goals of everyone’s life. B… ( more )