Hello sir..
My father wan to invest 30 lakhs for 4-5 years. He mostly invest in fd but i found mf are better option as per return and taxation.
He has fd of 10 lakh which will renew in the end of may and 20 lakh in savings acc.
should he renew this 10 lakh fd or move to other option?
also should we invest 20 lakh in MIP or balanced fund or equity?
i am bit confused what to suggest him?
4 Answers
Best Answer
Hi,
Ok. If he is ready to take moderate risk and understand the risks associated with mutual funds, you may advice him to invest in Equity oriented balanced funds, MIPs etc.,
Suggested readings :
https://www.relakhs.com/top-best-balanced-mutual-funds-returns/
https://www.relakhs.com/best-monthly-income-plans-india-mutual-funds/
https://www.relakhs.com/list-of-best-investment-options-schemes-in-india/
Hi,
May I know his investment objectives?
Whether he requires any income generated on this investments for meeting his regular/monthly expenses?
Or Is this just wealth accumulation (growth)?
Hi he is planning to buy house for my brother after 3-5 years. So till now he want to generate good returns from this money..
As we heard : don't put all your eggs in one basket
He want to invest in diff investment products.
He cant invest in real estate as our money are blocked till we find the buyer.
Please login or Register to submit your answer