My name is Chandar Shekhar, I am 39 years old, I need your advice which mutual fund better for me for 10 to 15 years, my investment deposit money every month is Rs. 3000.00 bcz my salary is not much but i adjust for my kids future purpose please advise me. I also have 2 ULIP last 2018 for 2032.
Portfolio:
1. HDFC LIFE CLICK 2 INVEST ULIP @ Rs. 1000.00 Every Month.
2. SBI LIFE E WEALTH INSURANCE @ Rs. 1000.00 Every Month.
Ans: Kindly understand no amount is small to start with. But we do suggest that you don't mix insurance with investments. A comprehensive Health insurance coupled with Term Plan is more than enough. As for the mutual fund investments, we suggest you have a Hybrid fund (HDFC Balanced Advantage Fund or ICICI Pru Equity & Debt Fund can be tracked) and a Flexicap fund (Parag Parikh Flexicap Fund offers global diversification). 2 funds are more than enough.