Outlook Money – 01.03.2018

12 Outlook Money March 2018 http://www.outlookmoney.com

Queries

I’m 30 years old and I work in a private

bank. My wife, 28, and my daughter (six

months old) are dependent on me.

My parents live with us. My income is

`70,000 per month and my father gets

`30,000 as pension. I can easily save

`42,000 every month. I’d like a review of

my investment portfolio.

My Investments (started six months ago):

■ Systematic Investment Plan (SIP) -

`34,000, including `6,000 in ELSS

■ I own a plot of land, which is a gift from

my father, worth `35 lakh at present

■ I contribute `2,000 per month

to Voluntary Provident Fund (VPF)

■ `500 per month in Atal Pension Yojana

(APY) for myself and my spouse

■ `1,000 per month in Sukanya Samriddhi

Account (SSA) for my daughter

■ `1,100 per month in Public Provident

Fund (PPF)

■ `4,000 per month in National Pension

Scheme (NPS)

■ `35,000 in fixed deposits for 18 months

in auto renewal mode

■ `1,000 per month in recurring deposits

for 10 years

Liquid cash available:

■ `30,000 (`20,000 in bank account and

`10,000 at home)

My insurance portfolio:

■ Term insurance plan: `1 crore, for which I

pay `18,000 yearly

■ Health insurance plan: `25,000, with a

`10 lakh limit, for myself, my spouse

and daughter

■ Health insurance plan: `33,000, with a

`13 lakh limit for my parents

■ Critical illness insurance: `7,000, with an

assured value of `20 lakh, for myself

My loan liability to date is nil.

■ I ensure that my credit card bill doesn’t

go beyond `10,000 in any month.

My investments in direct funds (SIP):

I have sufficient time to review and manage

my direct funds with the help of

Outlook Money.

■ Aditya Birla Sun Life: Equity, Pure Value,

Small & Midcap and Tax Relief 96.

■ Reliance: Tax Saver and Small Cap

■ Principal Emerging: Tax Saver

and Blue Chip

■ DSP-BlackRock: Tax Savings, Small

and Midcap

■ Axis Long Term Equity

■ Franklin India: Pension Fund, Build

India, Smaller Companies Fund, Growth

Fund, Prima Fund and High Growth

Companies Fund

■ Canara Robeco Emerging Equities Fund

■ Tata Equity PE Fund

■ Mirae Asset: India & Emerging

Bluechip Fund

■ Kotak Select Focus Fund

■ Sundaram: Select Midcap Fund and

S.M.I.L.E Fund

■ HDFC Mid-Cap Fund

■ ICICI Prudential: MidCap, Value Discovery,

Export and Other Services

■ SBI: Magnum MidCap and Bluechip

Fund-Growth

■ L&T: Emerging Businesses, Midcap and

India Value Fund

My five future plans are:

■ Buy a home in 2023, with a housing loan

of `1 crore. At this time, I will sell my

property, whose worth I’m expecting to

be around `50 lakh in five years. I will put

this money into mutual fund and with the

dividend payout from this, my home loan

EMI will not be a burden on me.

■ Accumulate `1 crore after 18 years for my

daughter’s education

■ Gift `1.5 crore to my daughter on her

marriage after 25 years

■ Ten years from now, I need `50 lakh for

interior designing of my house

■ Will need a corpus of `18 crore when I

retire after 29 years

Morningstar’s View

Investor Profile and Current Investments

Age: 30 years

Monthly income: `70,000 (assumed to be

income after tax)

NaNdaN Mishra, New Delhi