I have been working for the past five years but have had not savings. I want to invest Rs 20,000 every month, kindly suggest funds to invest in to build a good corpus. I have a life cover from BSL Insurance for Rs 50 lakh.
- Santosh Choudhary
It is never too late to realise mistakes committed inadvertently and unknowingly. While you have lost five years to start investing; you still have time on your hand can make it up with regular investing now on. With adequate life insurance you have taken care of the protection element of your financial plan and should now focus on investing. Though you are a first time investor, we are suggesting you a portfolio of five funds which collectively are well diversified, made of funds that have a proven track record and performance history. The portfolio is growth-oriented with 70 per cent equity exposure and all you need is to invest equally in all the five funds and track its performance at least once a year to assess the portfolio’s progress to make any changes to it if necessary.
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This article was originally published on June 23, 2011.
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