Advice needed: Finalcial planning. (MF)

[vikranttrades]

I am a Software Engg earning 65k p.m, i have the below investments.

FD:
* 2 Nos of 1Lac each

Life insurance:
LIC:
Jeevan Saral : 33k p.a
LIC Term plan : 17k p.a (50 lc cover)

ICICI:
Online term plan :5k p.a (25lc cover)

Pension plan
ICICI Prudential Lifestage Pension : 30k p.a

I am looking a investing a surplus of 40k p.m (long term 10+ yrs), options that i need suggestions on are:
* Recurring FDs
* MF
* Bullion

These would be for my long term goals of retirement etc

Please suggest if i need to tweak my existing investments and also suggestions for new investments.

[chetan]

I'd suggest Rs 40,000 In Equity Mutual Funds until the Bullion Stabilizes. After that maybe 30,000 in Equities and 10,000 in Bullion.

You should also look for Real Estate before bullion but depends on what you have or inherit in many cases.