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please inform
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I am looking for home loan interest rates from Barclays Bank My monthly take home income is Rs. 17000 per month and I am military officer. Can U plz suggest which one is best this or some other?
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Please help
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by Lodha Group Developer
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please reply
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Comprehensive Financial Planning is not available for free, however few companies like Bajaj Capital do provide Financial Planning for free. However they recommend only those products which are available with them. Generally the product advice is biased. However, there are few companies which Financial Planning with a fee associated. Currently, few Financial Planning firms are making comprehensive unbiased financial plans such as iTrust Financial Advisors, Park Financial Advisors.
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* Under the Discipline Advantage Plan, an investor will have the facility to systematically transfer his investments from the schemes to any of the eligible equity schemes.
* The eligible equity schemes are Birla Sun Life Frontline Equity Fund, Birla Sun Life Midcap Fund, Birla Sun Life Top 100 Fund, Birla Sun Life Equity Fund, Birla Sun Life Infrastructure Fund and Birla Sun Life Tax Relief96.
* The new plan introduced under the schemes will have the same investment objective, portfolio, liquidity and expense ratio as that of existing plans of the respective schemes.
* There will be no entry load on this plan, while an exit load of 2.50 per cent will be charged for units redeemed within 2 years from the date of allotment.
* However, there will be no exit load charged for transfer of units to eligible schemes but an entry load may be charged as applicable to respective eligible equity scheme.
Advantages of Discipline Advantage Plan
1. This facility enables an investor to take the benefit of market volatility by taking exposure to equities at targeted BSE Sensex levels
2. This facility ensures automatic transferability of investments from the debt scheme to the selected equity scheme of HDFC MF at a closing BSE Sensex level of investor's choice
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Avani,
Your question suggests that your investment objective is capital appreciation and a long term investment horizon. You are investing in equity funds over the period of 15 years that can return approx 12% year on year. In order to make 2 crores at the end of 15 years, you need to invest 44,500 every month regularly or Rs 36.5 Lacs lump sum at one go.
Further, since your investment horizon is 15 years, you are building the corpus by getting into mutual fund schemes through Systematic Investment Plan. This is really appreciated because in SIP, you can invest a fixed amount in a specific scheme on monthly or quarterly basis and investment through SIP also gives an added advantage of averaging the cost of investment
Congratulations for choosing good quality funds in your investment portfolio. You are currently investing Rs 30,000 per month and need to invest additional 14,500 per month to achieve your target. In order to have balanced asset allocation, you can consider investing in good balanced funds such as DSP BlackRock Balanced Fund or Tata Balanced Fund
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Can we make recurring investment in ELSS Schemes?
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