I am 52 years and want to quit my job due to personal issues. I have about 30 lakhs savings which I would like to invest in stock market. I require about 30-40 thousand rupees per month. I do not have any other liabilities. Kindly advise where to invest this amount.
Ans: In the stock market, there's no way one can have assured return. Also, there's a risk involved. Since I have limited knowledge for fixed income products which are relatively safe, I would recommend checking with a financial planner/expert for products matching your return expectations with minimum risk.
You can invest in stocks such as Kajaria Ceramics, Berger paints, Metropolis, M&M, Ashok Leyland, Britannia, V-guard, Polycab, Biocon and Birlasoft.