Hi Sir I am 50 years old employed in a private firm, I am having a fund of Rs 5L, please suggest how and where to invest for good returns
Ans: Hello,
IF you are looking for a long term investment which is 7 years plus, then you can split the 5L into the following categories of funds , and since the markets are a little high , you can do a STP of 20 weeks for the same ( STP - Systematic Transfer Plan )
Mid cap - 1.5L
Small cap - 1.5L
Multi cap - 2L
Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.