| Need help in MF & Insurance |
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Dear Akar, Ur selection of funds is good. U can continue to hold ur existing funds.
U can start new investments in ur funds but in case of sundaram focus, u may invest new money in Birla Fr`line Eq.
Keep an eye of focus for next 6-9 months for ur existing holdings, if performance of focus remains low, exit & invest in ur remaining large cap funds (HDFC Top 200, DSP Top 100, Birla Fr`line Eq.).
In case of Midcp, Continue with ur existing holdings for next 6-9 months & take any action as per performance, in Rel. Growth. For new investment in midcap, U may invest in IDFC Prem. Eq.
IPru infra is ok, may invest more.
Temp. Eq. income is also OK.
If u do have some other debt exposure in the form of PF & PPF, NSC etc. no need to have such high debt exposure. In case it`s the only debt exposure in ur portfolio, here again my choice `ll be slightly different. Here it is.
Now onwards u`ll invest in ur Eq. funds thru SIP. Instead invest ur money in debt funds of respective Eq. funds (even redeem from Kotak Flexi to do that). Ur money `ll now remain in debt funds of HDFC, DSP, Ipru, IDFC. From these debt funds, use STP to invest in respective Eq. funds. Invest ur fresh money only in the debt funds. This way ur money `ll earn higher return, STP `ll do the investment on auto so no need to track ur bank account for SIPs. Overall ur debt exposure `ll remain same.
For insurance - Plz. avoid riders with life insurance policies, instead opt for standalone covers from gen. ins. companies. These Gen. ins. policies have wider cover & provide better benefits.
Sample this - Accident Rider - It covers only death or disability for accident happened when u r traveling in a transport vehicle. Now in case, u got slipped in ur bathroom & due to brain hemorrhage u died, this rider `ll not cover u, as this is not an accident within the terms & condition of accident as defined in policy document for rider.
But this same accident `ll be covered by Gen. Ins. policy.
Same is the case with other riders. The only meaningful rider is waiver of prem. rider, which help u in case due to disability u r unable to work & accordingly u can`t pay ur prem.
Aviva life shield plus is one of the cheapest option. Plz. do have a look on following plans also.
Aegon religare
TATA-AIG
IPru Pure Protect classic/elite
Kotak Preferred Term Plan
Birla Dream Plan
Feel free to ask if u need more help.
Thanks
Ashal |
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Posted By  ashalanshu
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