Sir I am 52 yr old in, working in service, Sir planning for invest Rs.10000/- per month (PPF, Post Office, FD etc.). So in which folio I am invest Rs. 10000/- per month
Ans: Dear Suhas,
Thank you for reaching out for financial advice. It's great to see that you are planning to invest for your future. As a financial advisor, I understand your concerns and will try to provide a balanced and personalized approach for your investment.
Given your age and the amount you want to invest, I would recommend that you consider diversifying your investments across various financial instruments to minimize risk and optimize returns. Here's a suggested allocation of your Rs. 10,000 per month investment:
Public Provident Fund (PPF): A portion of your investment (say, Rs. 3,000 per month) can be directed towards a PPF account. This long-term investment is safe and offers tax benefits under Section 80C of the Income Tax Act. It currently provides an interest rate of around 7-8%, compounded annually.
Fixed Deposits (FD): Allocate around Rs. 2,000 per month towards a Fixed Deposit in a reputable bank. Fixed Deposits are a low-risk investment option with guaranteed returns. You can choose a tenor based on your financial goals and liquidity needs.
Post Office Monthly Income Scheme (POMIS): Consider investing around Rs. 2,000 per month in POMIS. This scheme provides a guaranteed monthly income, and the interest rate is generally higher than bank savings accounts.
Mutual Funds: Allocate the remaining Rs. 3,000 per month to mutual funds, specifically targeting a balanced or hybrid fund. These funds invest in a mix of equity and debt, providing a balance between risk and return. As you are 52 years old, it is important to have some exposure to equity for better long-term growth, but also to have a significant portion in safer debt instruments.
Please remember that this is just a suggested investment plan, and it is important to review your financial goals, risk appetite, and investment horizon before making any decisions. You may also want to consult with a professional financial planner to create a tailored investment strategy based on your specific needs.
I hope this helps you in making an informed decision about your investments. Wishing you a secure and prosperous financial future!
Best regards,
