How can I turn my portfolio into a robust financial plan?
Live MintI am 41 years old and work at a PSU bank, earning a gross monthly pay of ₹1.8 lakh. My financial assets include: bank fixed deposit of ₹30 lakh, savings account balance of ₹2.5 lakh, balance in US checking account of $65,000, investment in shares and sovereign gold bond worth ₹10 lakh, investment in mutual funds worth ₹21.57 lakh, systematic investment plans of ₹5,000 in SBI Consumption Opportunity, ₹10,000 in SBI Small Cap, ₹2,000 in SBI Magnum Global Fund, ₹1,000 in focused equity), and have ₹16 lakh in public provident fund. I have a home loan of ₹18 lakh and a ₹10 lakh car loan. Out of this, ₹97 lakh is invested in real estate and ₹10 lakh is the car loan outstanding. PPF is a good avenue to get high post-tax returns and we would suggest you invest till the investment limit of ₹1.5 lakh per annum.
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