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Tax, Mutual Fund Expert - Answered on Apr 19, 2023

Asked on - Mar 10, 2023Translate

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,
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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