I am 70 years old. Getting handsome pension, which is more than sufficient to meet our (self & spouse) requirement. I also have a very good amount in bank FDs. I am fully covered for my Medical. I have no liability. I am willing to invest about 10 Lakhs in MF, say Bal Fund ?. I will not like to disturb my FDs. Need your advise.
3 Answers
Hi Sir,
If your investment objective is to create a decent corpus (wealth accumulation), you may surely consider investing in Equity oriented balanced funds.
You may set up STPs (Systematic Transfer plan) from Liquid funds (lump sum investment) to Balanced funds. You can transfer fixed amount at periodic intervals from liquid fund(s) to balanced fund(s).
Ex : HDFC Liquid fund to HDFC Balanced fund.
How long would you like to stay invested? (time-frame)??
Dear Mr Sreekanth, thanks for such a prompt & positive response. i have just named it as wealth creation, although it may not mean so. You have asked for time frame, well as long as possible - or say, I will like to review it after 2 to 3 years - age is a constraint. I have already invested in HDFC Bal Fund (1.8L Mar 2017). Debt Funds with Franklin India Corporate Bond Opportunities Fund-Growth & BSL Medium term plan regular growth ( 2 L each around 7Feb 2017) . You may like to further give your valuable suggestions.
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