Dear Sir, I am 36 yrs old and planning to start my MF / other investment journey. I have been regularly investing in Fixed Deposits and have made a good corpus out of it. I am planning to buy a house in 5years as well save for long term. I can invest up to Rs. 60,000/- per month and even need some investment for Tax purpose. Kindly advice
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.
