Hi Sir, I am earning 30L in a year, aged 46 yrs, want to start investment in SIP & in MF to plan my retirement .. Pls guide me in which SIP & MF to invest to get good returns
Ans: Firstly i would suggest you to earmark a particular amount every month from your salary for MF SIP.
Then make a basket of funds such as emergency funds, short term , mid term and long term funds.
The break up can be 5L - 10L in emergency funds kept aside and post that the % can be 20% in small caps , 20% in mid caps, 20% in multi caps, 10% in thematic funds, 20% in large caps and 10% can be optional. Email me for a lenghty discussion on this topic