Hie sir i am 45 yr approaching. I have two lic policies, one ppf account, few small short term FDs and one ulip policy. I would like to invest in mutual funds for my own financial needs after 65 years of age. Can i invest on my own in mutual funds. If yes what is the best way . I have zero knowledge about how mutual funds work and which funds are best yo go ahead, please advise.
SK
Ans: Hello Sunil & thanks for writing to me. You have a long term horizon of around 20 years that you can utilize to make investments.
As you do not have much idea about mutual funds, I recommend you can consider taking advice from a financial advisor who can help you plan your finances & help you make choose funds and other instruments that are suitable for you based on your own individual needs.
It is possible to invest in mutual funds by yourself, but you may not be able to achieve your goals or rebalance your portfolio on time.