विशेषज्ञ की सलाह चाहिए?हमारे गुरु मदद कर सकते हैं

Ans: Hi Tina,

I am glad to see you have already started your investment journey and you are asking the right questions.

Good so far -
You are saving almost 50% of your income for investment and that is a very good start.
You have a Term Plan of 1Cr.
You have Health insurance from employer to cover your mother and your self.
You have investments in Equity - stocks 1L and Mutual funds - 3L.

Next steps -
1. Create an emergency fund - this is typically 6 months of expenses (no investments). So save approx. 3L towards this and hold them in a no/low risk investment like FD. FDs can be accessed as and when required and funds are available almost instantly thru online mode. Each month keep aside 25k towards this and so in a year you will be set. Create an FD each month and keep on auto renewal and enable swipe-in feature. This will make breaking/withdrawal easy. Use these FD only for emergency situations.
2. Buy a health insurance super top-up policy for a large amount e.g. 50 lakhs for mother and self. The premiums will be very less and it will provide good cover. Keep deductible equal to the health insurance cover from employer e.g. cover from company is 5 lacs, then buy super top-up with deductible of 5lacs for a cover of 50lacs.
3. Assuming you do the above, you will have approx. 20k per month for investments in the 1st year and 45K from 2nd year onwards. List your goals for future and approx. amounts you will require for them with the timeframe e.g. Goal 1 in 5 years requires X amount. Once you have them listed or you decide simply to create wealth without goals that's also fine to start with. I would suggest you invest the amounts into a well diversified Mutual Fund portfolio. You already have investment in stocks and if you feel comfortable in that then you allocate some amount towards it, it depends on your comfort level and experience so far with stocks.
Mutual Fund portfolio (indicating some schemes to consider)
For creating wealth in the long term (over 7 years), you can consider allocations as below
Large Cap - 20% (alternative is Flexi cap fund or Nifty Index funds) (ICICI Bluechip, UTI Nifty 50)
Flexi cap - 20% (Parag Parikh, HDFC)
Multicap - 40% (Nippon, Mahindra Manulife)
Hybrid fund - 20% (Balance advantage funds) (HDFC)

If your goals are within 3 years, put money in FDs, 3-5 years consider Hybrid funds and beyond 5 years consider equity mutual funds.
As you have MF investment, try to align your portfolio accordingly. A good MF portfolio can be between 4-7 funds. Too many funds will not provide anything much except increase the overhead of managing them, so try to keep you portfolio simple.
Wealth creation in not so much about timing the market and picking funds (assuming you do a reasonable job with it), its more about patience and time "in" the market. So staying invested and reviewing your investment every year to see that they are on track with your expectations is more important.

You can connect with a Certified Financial Planner / Financial Advisors that are fee based to get the right advice and guidance.

Thanks & Regards
Janak Patel
Certified Financial Planner.