Review My portfolio madhuri, 05 Feb 2014

I am currently working with private scetor and earning 40000pm.I have invested in two policy of Hdfc i.e. unit linked endowmentfund ii-growth fund - 1500 PER MONTH and unit linked endowmentfund ii-growth fund --7500 HALF YEARLY(Both started from dec 2008) .Besides that I have 1 sbi PPF account(Started in 2011) in which till date I have 2 Lakh rupees.Also I am investing in postoffice RD-2000(Started in june 2013) and 1 SBI FD of 50000. I have one 2 yrs child(Boy) and i want to save for his education,marriage.Also I want to have one 2bhk flat in future. Kindly review and suggest if my savings are enough to implement my plans.

Fintotal Answer

Madhuri, I am not too clear with your plans. Request you to write it down more elaborately. These ULIP and endowment plans that offer insurance and investment mix is actually not beneficial for your financial life. They seem to be attractive but are not and they aren't capable of beating inflation which is a major cause of worry in long term. It is better if you stay away from such policies. Instead buy a pure term insurance for protection needs and invest in mutual funds for investment needs. RD and FD are good options for needs occurring within 2 years, say down payment of home. Madhuri, I would suggest you to write to us at for assistance in private. 

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