I am 30 years old and want to start investing in mutual funds for my retirement planning. Please suggest funds that I should consider. I can invest Rs 10,000 per month.
- Jhankar Patel
It is encouraging to come across someone planning for retirement at 30. Time is on your side and equity must be the preferred investment option as over a longer term they tend to generate superior returns. We would suggest a portfolio of six funds that you can in, which has a combined 80 per cent equity exposure. This will enable your portfolio to gain from the equity exposure and power of compounding over the long investing years that you have ahead of you.
But do remember that mutual fund investing is not a one-time exercise; to get the most out of your investments, do track them and evaluate the fund's performance at least once a year. This way you can assess your portfolio's progress and its journey towards achieving your financial goal. This exercise also gives you the flexibility to make changes to your portfolio by exiting non performers and investing in better faring funds.
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This article was originally published on April 15, 2011.
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