Chat Transcript :
ssocratess: i am having 6 year old girl child. I want to save for her education and marriage.I will save upto 3500/- per month for my child. Kindly advise me.
Anil Rego: Hi, I would recommend you to go for SIP into Gold Fund or into Balance funds on monthly basis. And you can look upon child gift funds which are good in terms of child education planning.
udayjadhav: Hi anil Iam 29 years old. I have one nephew who is 5 yrs old. what is the best child education plan for him
Anil Rego: You could use a combination of avenues to take care of this particular need. If you have some lump sum money, then you could use bonds. Deep Discount Bonds are a good option to use especially if you find one that matures closer to your needs. You could then use mutual fund SIPs as suggested above. Specifically you could use funds like HDFC Prudence and Templeton Dynamic PE fund considering that this is a conservative need. Insurance can also be an option to use, especially if you are supporting the child`s education need.
kumarrajesh21: due to recent fall & uncertainty in markets I have stop investing in shares but my SIPs in mutual funds are continuing. Do u think this is right strategy or I should stop SIPS also for the time being till the market settles.
Anil Rego: SIPs are the best strategy to use. It is impossible to time the exact bottom and hence SIPs are a good strategy to use. Considering that markets have fallen, they are likely to be profitable. In fact, one of the main reasons for using a sip is to take advantage of such market falls. So don`t stop the SIP.
sachingurav: I am investing 40,000/- each month in Various mutual funds through SIP route since 1 year and plan to invest for another 16 yrs till i reach 60yrs which will be kept for post retirement. I am also investing 70,000/- per month in F.D, P.Off.RD,LIC etc which i plan to use it for childrens education, marriage etc. My daughter is 14ys and son is 8yrs. Is that ok?
Anil Rego: You are using a good diversified approach to your investments. Since you are coming closer to your requirements especially for your first son, one needs to be a little cautious. You cannot afford the markets to be at a low in the year that you need money for your children`s education. You can also use a SIP into one of the gold savings funds from companies like Reliance and HDFC. Bonds are one option to use, especially the deep discount bonds. For this need, you can switch some of your SIPs into balanced funds as mentioned above.
sachingurav: Evening sir, I have never ever invested in any form of investing, but would like to start investing for my kids. Can you suggest me how much should I invest monthly and in what form?
Anil Rego: It is not clear whether you are looking to invest in lump sum or in monthly installments. Also, I don`t have a perspective on the ages of your children. Since you are starting you can use a combination of recurring deposits (avoid if you are in the highest tax slab; you can use PPF as an alternative in that case), balanced funds, MIPs, bonds and insurance. Ensure that you have a sufficient life cover.
sachingurav: From past 1 year, I have taken 2 LIC policy for both I pay premium of Rs 1600 (800 800), but due to some reason I have stopped it from past 6 months. so can you tell me how should I get it start? thax in advance.
Anil Rego: You would be in a position to revive your policy. Get in touch with the insurance company to find out the interest they would charge. Since you have crossed 6 months you may need to go in for a medical check if required.
sachingurav: Whats your view on HDFC Top 200 fund (G)?
Anil Rego: HDFC Top 200 fund is a good fund with a long term track record. There could be times when it is not performing at its best, but good funds normally catch up in the long term.
sachingurav: Sir pls suggest 2 best MF schemes for SIP and one time investment.. which can give good returns in 2-5 years..
Anil Rego: You should always use a combination of large cap(e.g. Franklin India Bluechip) and midcap funds (eg. Sundaram Select Midcap). For lump sum investment, considering current market condition, I would suggest you use a fund like Templeton Dynamic PE fund that gets into debt when market are high and gets into equities as markets fall. Income funds are also an option for a 1 year perspective. If you like to play safe completely then you could use Fixed Maturity Plans of durations that suit you.
ssocratess: i am having 6 year old girl child. I want to save for her education and marriage.I will save upto 3500/- per month for my child. Kindly advise me.
Anil Rego: Hi, I would recommend you to go for SIP into Gold Fund or into Balance funds on monthly basis. And you can look upon child gift funds which are good in terms of child education planning.
udayjadhav: Hi anil Iam 29 years old. I have one nephew who is 5 yrs old. what is the best child education plan for him
Anil Rego: You could use a combination of avenues to take care of this particular need. If you have some lump sum money, then you could use bonds. Deep Discount Bonds are a good option to use especially if you find one that matures closer to your needs. You could then use mutual fund SIPs as suggested above. Specifically you could use funds like HDFC Prudence and Templeton Dynamic PE fund considering that this is a conservative need. Insurance can also be an option to use, especially if you are supporting the child`s education need.
kumarrajesh21: due to recent fall & uncertainty in markets I have stop investing in shares but my SIPs in mutual funds are continuing. Do u think this is right strategy or I should stop SIPS also for the time being till the market settles.
Anil Rego: SIPs are the best strategy to use. It is impossible to time the exact bottom and hence SIPs are a good strategy to use. Considering that markets have fallen, they are likely to be profitable. In fact, one of the main reasons for using a sip is to take advantage of such market falls. So don`t stop the SIP.
sachingurav: I am investing 40,000/- each month in Various mutual funds through SIP route since 1 year and plan to invest for another 16 yrs till i reach 60yrs which will be kept for post retirement. I am also investing 70,000/- per month in F.D, P.Off.RD,LIC etc which i plan to use it for childrens education, marriage etc. My daughter is 14ys and son is 8yrs. Is that ok?
Anil Rego: You are using a good diversified approach to your investments. Since you are coming closer to your requirements especially for your first son, one needs to be a little cautious. You cannot afford the markets to be at a low in the year that you need money for your children`s education. You can also use a SIP into one of the gold savings funds from companies like Reliance and HDFC. Bonds are one option to use, especially the deep discount bonds. For this need, you can switch some of your SIPs into balanced funds as mentioned above.
sachingurav: Evening sir, I have never ever invested in any form of investing, but would like to start investing for my kids. Can you suggest me how much should I invest monthly and in what form?
Anil Rego: It is not clear whether you are looking to invest in lump sum or in monthly installments. Also, I don`t have a perspective on the ages of your children. Since you are starting you can use a combination of recurring deposits (avoid if you are in the highest tax slab; you can use PPF as an alternative in that case), balanced funds, MIPs, bonds and insurance. Ensure that you have a sufficient life cover.
sachingurav: From past 1 year, I have taken 2 LIC policy for both I pay premium of Rs 1600 (800 800), but due to some reason I have stopped it from past 6 months. so can you tell me how should I get it start? thax in advance.
Anil Rego: You would be in a position to revive your policy. Get in touch with the insurance company to find out the interest they would charge. Since you have crossed 6 months you may need to go in for a medical check if required.
sachingurav: Whats your view on HDFC Top 200 fund (G)?
Anil Rego: HDFC Top 200 fund is a good fund with a long term track record. There could be times when it is not performing at its best, but good funds normally catch up in the long term.
sachingurav: Sir pls suggest 2 best MF schemes for SIP and one time investment.. which can give good returns in 2-5 years..
Anil Rego: You should always use a combination of large cap(e.g. Franklin India Bluechip) and midcap funds (eg. Sundaram Select Midcap). For lump sum investment, considering current market condition, I would suggest you use a fund like Templeton Dynamic PE fund that gets into debt when market are high and gets into equities as markets fall. Income funds are also an option for a 1 year perspective. If you like to play safe completely then you could use Fixed Maturity Plans of durations that suit you.
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