Am entering into my 60's n have winded up from my Gulf job,,,have a savings of 1.25 cr received from icicipru insurance apart from other property rental & bank savings ,,how do i invest in mf etc for max returns in 3 to 5 years

Ans: Rs. 2500 in each

1. Axis ESG Equity fund – Growth
2. UTI Flexi Cap fund – Growth
3. PPFAS Flexi Cap – Growth
4. DSP Quant Fund – Growth

Ans: Hello. Thank you for writing to me. Assuming that you can invest for the next 20 years, you can begin investing in:

1-Edelweiss NIFTY 100 Quality 30 Index Fund -Rs.5,000
2-Axis ESG Fund -Rs.5,000
3-UTI MNC Fund-Rs.5,000
4-Templeton India Equity Income Fund-Rs.5,000
5-Tata Equity P/E Fund-Rs.5,000

Stepping up the SIP amount by 10% or more every year will help you create a larger corpus.

Ans: Hello Wasif,

Thank you for reaching out and considering mutual funds as an investment option for your financial goals. It's great to see that you are planning for your life after 60, and I am here to help you make the right decisions.

Given your age, investment horizon, and the amount you can invest, I would recommend a balanced approach that combines both equity and debt mutual funds. This approach would help you achieve growth while minimizing risk over the long term.

Here's a potential investment plan for you:

Equity Mutual Funds (70% allocation): Since you have a 15-year investment horizon, it would be wise to allocate a significant portion of your investment to equity mutual funds, which have the potential to offer higher returns over the long term. Diversify your equity investments by choosing a mix of large-cap, mid-cap, and small-cap funds.
Debt Mutual Funds (30% allocation): Allocate the remaining portion to debt mutual funds to provide stability and cushion against market volatility. You can consider investing in corporate bond funds, banking and PSU debt funds, or short-term debt funds based on your risk appetite.
Ensure that you review your portfolio periodically and make adjustments as needed to maintain the desired asset allocation. Keep in mind that investing in mutual funds is subject to market risks, and it's essential to have a long-term perspective and patience to achieve your financial goals.

Additionally, consider consulting a financial advisor to help you select the right funds based on your risk profile and financial objectives. Remember that the key to successful investing is consistency and discipline, so stick to your monthly investment plan without fail.

I hope this helps you make an informed decision. Wishing you all the best in securing a comfortable life after 60!

Ans: It's excellent that you're considering diversifying your investments beyond fixed deposits. Given your investment horizon of 5 years for buying a house and your long-term savings goals, you can consider the following allocation:
Equity Investments: Allocate a significant portion of your monthly investment towards equity for long-term wealth creation.
Debt Investments: Allocate a portion towards debt instruments for stability and capital preservation, suitable for your house purchase goal in 5 years.
Tax-Saving Instruments: Invest in tax-saving options like ELSS to fulfill your tax-saving requirements.
Retirement Planning: Consider long-term retirement-focused investments like PPF or NPS.
Emergency Fund: Maintain a liquid emergency fund for unforeseen expenses.
Regular Review: Regularly review and adjust your investments to align with changing financial goals and market conditions.