General Queries

I work in IT sector and wants to invest for tax saving health Insurance and for buying a car

I work in IT sector with 33-38k salary/month, Age: 25. I have a surplus of 10-15k per month, From April, 2016 on wards. I plan to invest about 4k/month in Recurring Deposit; another 3k/month in Axis Long Term Equity SIP. I don't have any health/life insurances. I wish to have 5 lakhs separate for a car maybe 5-6 years down the line. Could you please suggest where else could I invest my money or how to plan my investments in total?

Feb 22, 2016 by Alex, Bangalore | General

It is good that you have started planning your investments at a young age. This will go a long way in ensuring that you meet your different financial goals. The investments that you are planning will bring you to an... Read More

Want to invest 5-7 Lacs for 3-5 years and need monthly income

My age is 43 and I doing job in Kurdistan Iraq. I want invest lump sum amount around 5 to 7 lakh for 3 to 5years, and after need monthly income for family. I am middle-class family person, so please suggest me what is best for me after 5 to 7 years that time my age 50 years please search very good policy or investment plans for middle-class person's. I waiting reply all your team?

Feb 22, 2016 by Boby, Mumbai | General

You have not provided sufficient details in your query. You should firstly determine how much monthly income does your family need. What do you expect your financial situation to be after 5 – 7 years. In other... Read More

Which is a better investment plan for my parents to get return every month

My mother and father was senior citizens. I want to invest for them one time 1 lakh rupees like endowment plan which is a better to investment plans and my father and mother get every month return, so please suggest me?

Feb 17, 2016 by Boby Jaan, Mumbai | General

You have not provided sufficient details in your query. We will try to provide you some broad guidance in our response, but you should think about the needs of your family carefully and discuss with a... Read More

Should I prepay my existing Vehicle Loan

I have vehicle loan of 2.5 Lakh @ 10.2% and part payment/ preclosure charges is 5% and now I have around 50 thousand so should I pay my vehicle loan or go for FD?

Dec 30, 2015 by Anil, Bangalore | General

You have not provided sufficient information in your query. However, if you think about your financial decision in a very logical way, it should be fairly rational decision. You should consider two points, while making... Read More

Should I close my personal loan and increase home loan EMI

I have both home loan (21 lacs) and personal loan (6 lack). Also I have amount of 6 lakhs in bank account. Please advise me whether I should close my personal loan and increase my home loan EMI OR I should do pre-payment for home loan. Which option is beneficial for me?

Dec 12, 2015 by Amol, Pune | General

You should make a very rational decision based on how much interest you are paying. You have not mentioned your loan’s interest rates in your query. Going by the current rates, the interest rate for personal... Read More

At present shall I continue investing in Sahara Credit Cooperative Society Ltd

At present shall I continue investing in sahara credit cooperative society Ltd.?

Dec 1, 2015 by Harpreet Singh Ahluwalia, Bilaspur | General

The Sahara Credit Cooperative Society is not regulated by SEBI or RBI. About a year back, the liability of the society was more than Rs 35,000 crores. Sahara had said back then that, they expected to bring... Read More