Harshvardhan Roongta of Roongta Securities answered investor queries on CNBC-TV18 about best investment options with regard to personal finance. Check out his comments.
Below is the edited transcript of the interview. Also watch the accompanying video.
Q: The 39 yr old caller has already made a couple of investments in the likes of FD, LIC policies, and voluntary provident fund. Now he is looking for mutual funds. Would you recommend a little more of equity for him for Rs 8,000 per month?
A: Absolutely. The query which was given is that he is looking at accumulating a corpus of about Rs 25 lakh in a period of 15 years for which he wants to make an investment of Rs 8,000 a month. Good for him that he has got time to his side where with an investment of Rs 8,000 a month he can easily achieve his target of Rs 25 lakhs, in fact he would be exceeding a target.
However, I want to take a step back for him and inform him that from a financial planning perspective, if I see his entire portfolio, he has got very little of life insurance policies and he is an earning member of his family. So if I break his Rs 8,000 into two parts, I would recommend to him that he invest about Rs 5,000 a month in mutual funds which will help him achieve his target of Rs 25 lakh, so that