I am wanted your help my age is 23. My salary is 4,000.my saving in this year I invested in 4 mutual funds Rs 5,000. Mutual fund is ICICI Fusion fund series II, ICICI Dynamic fund, and Reliance growth fund, JP Morgan Fund, SIP of Rs 500 in SBI Magnum Multicap Fund. In LIC I have 2 Policies One is Jeevan plus I am paying Quarterly Rs 1,250 Second is Money Back Policy This is annual premium This premium is paying my father and one is also is paying my father is ICICI Unit Linked Policy is Life Time Super.
Sir this is my history of my saving amount Sir I want Help plz tell m
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Looking at the income of yours it is advisable to go for SIP installments of Rs.500 for a minimum of 12 months. As SIP is an optimum tool for investment at the early stages of investment and it also helps you to get the advantage of rupee cost averaging.
A good fund for SIP can be Reliance Vision , Reliance Growth Fund, Reliane Equity opportunities fund and RRSF - Equity.