Hello Hardik Ji, I am 52 year with a monthly income of around 75K-80K. I want to start the MUTUAL FUNDS / SIP investments for my retirement & my children Future who are in their twenties. Right now I am putting regular money in BANKS RD's / FD's only. Kindly advise / suggest how can i go ahead. Thanks & Regards, RV

Ans: You may consider the below funds:

- Samco Flexi Cap Fund - Growth

- Axis Esg Equity Fund Regular Growth

- Uti Flexi Cap Fund – growth

- Hdfc Index Fund - Sensex Plan -Growth

While selecting a mutual fund, define your goal and then decide on the category that is best suited.

Once that is done, look for schemes in those categories with HIGH quality Portfolio and Moderate to High margin of safety.

Ans:

Below funds can be considered:

• Parag Parikh Flexi-cap fund
• Samco Flexi Cap Fund
• HDFC Index Fund – Sensex plan
• UTI Flexi cap Fund

For Selection of mutual funds, look at the portfolio of the scheme and if it looks fine than the margin of safety needs to be determined. If this is difficult to ascertain take the help of AMFI registered mutual fund distributor.

Ans: FDs will not help you beat inflation. FD is not a good place to park your long-term money.

Pls do Lumpsum and SIP in a good actively managed diversified equity funds.

Ans: Yes, Investing in mutual funds through a SIP mode is a good way to start building wealth over the long term. Here's a step-by-step guide on how to invest in mutual funds SIP:

1. Identify Financial Goals: Before investing, determine your financial goals and the time horizon for each goal. This will help you choose the right mutual funds that align with your objectives.

2. Determine Risk Tolerance: Since you mentioned you are looking for moderate to high-risk returns, it's important to assess your risk tolerance. Higher-risk funds have the potential for higher returns but also come with increased volatility.

3. Selection of Mutual Funds: Based on your risk profile and financial goals, select mutual funds that match your investment criteria. The selection should be based on risk and reward factor of the particular mutual fund or you can consult with financial advisor if you feel unsure about making investment decisions.

4. Investment Platform: There are various platforms available on which you can start your investments after completion of KYC. You'll need to provide identity proof, address proof, and other relevant documents as per the guidelines of the platform. This is a one-time process and ensures regulatory compliance. Then, you can start your investments in the selected mutual funds.

5. Monitor and Review: Regularly review the performance of your mutual funds to ensure they are meeting your expectations. However, avoid making impulsive decisions based on short-term fluctuations in the market. Stay focused on your long-term investment objectives.

Remember, investing in mutual funds carries some degree of risk. It's important to understand the risks and potential returns associated with each fund before investing. Also, consider diversifying your investments across multiple funds to mitigate risk.

Disclaimer:
• I have just no idea about your age, future financial goals, your risk profile, other investments and whether you would have the nerves to not get unduly perturbed if stock markets go temporarily down.
• Hence, please note that I am answering your question in absolute isolation to other parameters which should definitely be considered when answering a question of this type.
• I recommend you to also consult a good financial advisor who would look at your complete profile in totality before you act on this advice given by me.