Dear Experts
I have received money through my bothers policy claim (total 10 Lakh), I want to deploy this money in such a way that it is diversified with medium risk and some portion should give regular monthly or quarterly income to support the regular needs of family his wife and 8 months daughter.
I am thinking for a proper combination of FD, MF and small equty with regular incoome option and SIP as well.. following break down
EQuity : 1 lakh
MF : 3 lakh
FD : 6 lakh
m NOT CONSIDERING GOLD at the moment as i personally believe its at very high price. Also m thinking for following products
1. Mahindra finance FD
2. Bank FD
3. Mutual funds a. Reliance Growth,HDFC prudence,Icici Infra,HDFC Top 200
4. Equity : reliance,NTPC,TCS, and some small companies high risk
5. Child Plan to secure future needs of her next 20 years and marraige.
Please advice your views and direction so that i can take best decision.. I am also expecting that atleast 10-15 K Qtly income if possible through the investment..
And looking for good child policy to secure future needs.
I have received money through my bothers policy claim (total 10 Lakh), I want to deploy this money in such a way that it is diversified with medium risk and some portion should give regular monthly or quarterly income to support the regular needs of family his wife and 8 months daughter.
I am thinking for a proper combination of FD, MF and small equty with regular incoome option and SIP as well.. following break down
EQuity : 1 lakh
MF : 3 lakh
FD : 6 lakh
m NOT CONSIDERING GOLD at the moment as i personally believe its at very high price. Also m thinking for following products
1. Mahindra finance FD
2. Bank FD
3. Mutual funds a. Reliance Growth,HDFC prudence,Icici Infra,HDFC Top 200
4. Equity : reliance,NTPC,TCS, and some small companies high risk
5. Child Plan to secure future needs of her next 20 years and marraige.
Please advice your views and direction so that i can take best decision.. I am also expecting that atleast 10-15 K Qtly income if possible through the investment..
And looking for good child policy to secure future needs.