I am 42 and don’t have any exposure to investing in mutual funds or stocks. I would like to invest about Rs 60,000 every month in mutual funds with a long term prospective to build a decent retirement corpus?
- Sunil Hemrajani
It is never late to start invest in mutual funds regularly. Considering, you still have 15-18 years to retirement and that you are new to investing, we suggest you invest in the Value Research Stable Growth portfolio which is made of four funds that are highly rated and have a proven track record and performance history. This portfolio has 60 per cent equity exposure and provides stability as well as growth. Make equal allocation to all the four funds and invest in them regularly and track their performance at least once a year to ascertain its progress towards your retirement goals.
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This article was originally published on September 05, 2011.