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Ramalingam Kalirajan3811 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

Asked on - Apr 25, 2024Hindi

Hi, I earn 1.5 lakh/month. I want to know what all investment should i do in balanced form(PPF, NPS, SIP). I majorly want to know what mutual fund to pick for long term (kind name the fund i should pick). Also I have 15lakh lumpsump in acc, so where should i invest it for better return
Ans: It's great to see you taking a proactive approach to your finances. With your monthly earnings of 1.5 lakh, you're in a good position to build a balanced investment portfolio. Let's explore your options!

Starting with mutual funds for the long term, it's wise to consider actively managed funds recommended by a Certified Financial Planner. These funds offer the potential for higher returns compared to index funds, which may be limited in growth.

For a balanced approach, you could allocate your investments across different types of mutual funds, such as large-cap, mid-cap, and small-cap funds. This diversification helps spread risk while maximizing growth potential.

Now, regarding your lump sum of 15 lakhs, you have several options for investment. You could consider investing in a mix of mutual funds, including equity funds for long-term growth and debt funds for stability. Alternatively, you might explore other investment avenues like Public Provident Fund (PPF) or National Pension System (NPS) for tax benefits and retirement planning.

When choosing mutual funds, look for those with a proven track record of delivering consistent returns over the long term. Consider factors like fund performance, fund manager expertise, and expense ratios before making your decision.

Remember, it's essential to align your investments with your financial goals, risk tolerance, and investment horizon. Regularly review and rebalance your portfolio as needed to ensure it remains on track to meet your objectives.

By investing wisely and staying disciplined, you can work towards building wealth and securing your financial future.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.


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