Should I take help of an advisor for my investments

As you are new to mutual funds, you should take help of a financial advisor. A good advisor will not only help you with your investments he or she will also help you with your investment planning.

Currently you have two goals –

Buying a Skoda Ocatavia Car after 10 years – You requirement is Rs 15 Lakhs after 10 years to meet this goal. You need to invest Rs 6,400 per month assuming annual return of 12%.

One Crore after 30 years – You requirement is Rs One Crore after 30 years. For meeting this goal, you need to invest only Rs 3,100 per month assuming annual return of 12%

Please try this calculator using which we have known the monthly SIP values https://www.advisorkhoj.com/tools-and-calculators...

As you can see, to achieve the above two goals, you need to start two monthly SIPs – one for 10 years for Rs 6,400 and the other for Rs 3,100 for 30 years. You have written that you can now start only with Rs 5,000. We think, you should make a beginning by investing this Rs 5,000 monthly SIP and gradually increase the same at annual intervals at rate of 5% – 10%.

You can try this calculator to see by how much you need to increase your SIPs annually in order to reach your financial goals! https://www.advisorkhoj.com/tools-and-calculators...

We will not comment on your insurance policies as we do not now which kind of life insurance policies you have taken. However, with regards to your PPF investments, we would like to comment that if you have invested in it for saving taxes, then consider investing in ELSS Mutual Funds. ELSS Mutual Funds are best option for saving taxes under Section 80C of The Income Tax Act 1961. Read on https://www.advisorkhoj.com/smf...

Hope the above was helpful to you. Thanks for writing to Advisorkhoj.