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Ramalingam

Ramalingam Kalirajan  |60 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 23, 2023

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Irish Question by Irish on Feb 09, 2023Translate
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Hi. My monthly salary is 47 thousand rupees per month. I invest 5000 per month in mutual funds (SBI blue chip), 2650 (950+1700) rupees per month in two separate LIC policies, 3050 rupees per month in a single life policy of Future Generali insurance company. I also have a FD of INR 2,50,000 as an emergency fund. Now I am considering starting another investment of 5000 rupees per month in the share market as a long-term investment. Do you approve of my savings plan?

Ans: Hi Irish,

Good that you have created emergency reserve.
Please keep investments and insurance separately. Don't invest via insurance policies. For life cover purposes please choose term insurance.
The additional investment which you want to make, if you can hold them for 5-7 years, then choose diversified equity funds.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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