Hi, I have Rs.10,00,000 I would like to invest in mutual funds how can I diversify and make profit . Which mutual funds are better? Also can I get an income of Rs.1,00,000 per annum through this investment
Ans: Hi,
The type of investment would depend on your age and risk appetite. 100-your age is a broad based allocation to Equity that one can do. We suggest that you do a STP mode of investing. However, the given details is insufficient to give a detailed answer. Also, INR 1 lac per annum looks on the higher side and will drain the Corpus quite soon
Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons