I have about 85 lakhs put in fd. I am interested in diverting the funds into mf and other investment options that would help me fetch 2 or 3 crores in about 5 to 10 years. Could you please suggest?
Ans: Investing is like planting a tree; it requires patience, care, and the right environment to flourish. As you transition from fixed deposits to mutual funds and other investment avenues, you're essentially diversifying your financial garden to reap a richer harvest.
Consider allocating your funds across various baskets, such as equity, debt, and alternative investments. Equity offers growth potential but comes with market volatility, while debt provides stability with moderate returns. Alternative investments like REITs/InvITs can add a unique flavor to your portfolio, offering diversification and potential for income.
Using a systematic approach, like Systematic Transfer Plan (STP), can help in gradually moving your FD amount to mutual funds, reducing the risk associated with market fluctuations. Remember, it's crucial to nurture your investments with regular reviews and adjustments to ensure they align with your financial goals and risk tolerance.
Lastly, always keep an emergency fund aside, akin to having a safety net, to handle any unforeseen financial storms. Happy investing!