I am 52 years old and working, my personal exposure to equity investment is very less ie some Mastershares and NPS Tier-1 investment of Rs 2Lakh.
Due to demise in the family due to covid, EPF accruals and Gratuity etc totalling nearly Rs.30Lakh have been received by me.
Please advise what is the ideal way to invest these receipts for capital safety and reasonable post tax returns over the next 8-10 years, ie by the time I retire? I am in the 30% tax bracket.
Ans: Heartfelt condolences to the family.
Hybrid would be ideal considering your age and the objective.
You may consider a basket of Hybrid funds.
- EDELWEISS BALANCED ADVANTAGE FUND - GROWTH OPTION
- CANARA ROBECO EQUITY HYBRID FUND -GROWTH
- UNION BALANCED ADVANTAGE FUND - GROWTH
- TATA BALANCED ADVANTAGE FUND - GROWTH