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Ramalingam Kalirajan  |60 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Sep 25, 2023

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Asked by Anonymous - Sep 16, 2023Translate
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I have 10 lakh rupees in FD which I want to move in MF. Please suggest some fund for lump sum amount to invest for 5-7 years.

Ans: FD is a Risk Free Asset. But will not beat inflation. Also it is not tax efficient.
Debt Mutual Funds have low risk. Again, this also will not beat inflation. Tax deferment is possible.
Equity funds have high risk. This will surely beat inflation in the long run. Tax efficient.
Instead of Lumpsum, you may consider STP in Actively managed diversifed equity funds, if you have a right financial planner / a professional mutual fund distributor. If you want to do it yourself, then you can settle for conservative index funds.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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