I am 31 and want to invest Rs 10,000 a month though SIPs towards my retirement plan, please let know which funds I can invest in besides HDFC Top 200, DSPBR Top 100, Reliance Regular Saving Fund Equity and Reliance Growth in which I already have Rs 1,000 SIPs running.
—Shitanshu Kapadia
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Age is on your side and it gives you another 28-30 years to invest for your retirement. We suggest a growth portfolio of five funds with a combined equity exposure of 80 per cent. Invest Rs 2,000/month in each of the schemes. Discontinue your current investments. Keep monitoring to your portfolio in case you need to replace a fund in a category.
This article was originally published on September 22, 2011.