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Synopsis
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
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I am Prashanth. I am planning to invest in Mutual funds. I am a beginner, but I have gone through all the information on how mutual funds function. I have defined my scope and horizon. I have both short term and long-term goals to fulfil. I want to achieve Rs 2-3 lakhs to fulfil short term goals within 1-2 years horizon and Rs 50 lakhs to achieve the long term goals which are over more than 12 years horizon. I am ready to invest a lump sum of Rs 1 lakh and SIPs thereafter. Suggest me on how I should allocate my money to various funds in my portfolio and recommend various funds (Equity, Debt, Hybrid) to start with. For now, I am thinking of going ahead with Parag Parikh Long Term Equity Growth Fund for long term goals. I earn Rs 60,000 net salary and have an EMI of Rs 25,000 to pay per month.
Girl Power: Instruments To Help You Achieve Your Daughter’s Financial Goals
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Covid-19 was raging and several parts of Mumbai were locked down, but that didn’t stop Sarika Sinha from giving her daughter the best gift a parent can. Last month, the Mumbai-based finance professional opened a Sukanya Samriddhi Yojana account for her daughter Praashvi, now two. “I will put the maximum Rs 1.5 lakh in this scheme every year,” she beams. Financial planners say the Sukanya scheme is a good option for parents with daughters below 10 years. “The scheme offers assured returns, so there is a predictable compounding of the investment every year,” says Prableen Bajpai, founder and managing partner, FinFix Research and Analytics. “What’s more, the interest is fully tax free. Parents should not let go of this opportunity,” she adds.
Synopsis
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
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I am planning to invest in mutual funds. I am a beginner, but I have gone through all the information on how mutual funds function. I have defined my scope and horizon. I have requirements for both short-term and long-term goals. I am looking to create Rs 2-3 lakh to meet short-term goals within 1-2 years horizon and Rs 50 lakh to fulfil long-term goals with 12-year horizon. I am ready to invest a lumpsum of Rs 1 lakh and then through SIPs. Tell me how I should allocate my money to various funds (equity, debt, hybrid) to build a portfolio. Also, recommend some funds. I am thinking of going ahead with Parag Parikh Long Term Equity Fund for long-term goals. I earn Rs 60,000 net salary and I have an EMI of Rs 25,000 to pay per month. I have moderate risk tolerance.