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Never Too Late

It is never too late to build a financial plan on investment savings & insurance cover…

I have been working for the past five years but have had not savings. I want to invest Rs 20,000 every month, kindly suggest funds to invest in to build a good corpus. I have a life cover from BSL Insurance for Rs 50 lakh.
- Santosh Choudhary

It is never too late to realise mistakes committed inadvertently and unknowingly. While you have lost five years to start investing; you still have time on your hand can make it up with regular investing now on. With adequate life insurance you have taken care of the protection element of your financial plan and should now focus on investing. Though you are a first time investor, we are suggesting you a portfolio of five funds which collectively are well diversified, made of funds that have a proven track record and performance history. The portfolio is growth-oriented with 70 per cent equity exposure and all you need is to invest equally in all the five funds and track its performance at least once a year to assess the portfolio’s progress to make any changes to it if necessary.

Schemes  Category  Rating  3-yrs ret (%)  5-yrs ret (%)
BNP Paribas Bond Regular Debt: Income ***** NA NA
Fidelity Equity Large & Mid Cap **** 14.51 17.65
HDFC Top 200 Large & Mid Cap ***** 17.12 19.12
ICICI Prudential Dynamic Large & Mid Cap **** 14.15 17.06
Reliance Equity Opportunities Multi Cap **** 19.37 16.62
Returns as on June 22, 2011 Ratings as on May 31, 2011

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