Changing Tactics

I am 32 and live with my wife & 1 year son in our own house. I earn ₹50,000 per month and have savings in EPF, PPF, Savings Account and Recurring deposits. I have also invested into direct equities . I am holding BHEL, Jindal Steel, Jubilant, Navneet Publications, Dish TV and NTPC. Our household expense is ₹34000 per month. Five years ago I started SIP in 2 mutual funds of UTI, which I stopped & withdrew for purchasing home. On liabilities side, I have an outstanding home loan. My short term goal is to buy a new car after 4 years and long term goals are a better post retirement life and kid's higher education. Kindly suggest a portfolio and investment plan to achieve my goals on time. - Mahesh Bhong Overview You have made a start which could have been better if you had remained focused. The term insurance plans and health insurance that you have, ar

This article was originally published on October 16, 2014.