I wish to make an investment of Rs 5.5 lakh. Should I look to invest in equity, gold, mutual funds or property?
If you plan to buy a house, by all means get started with the Rs 5.5 lakh that you have. But don't buy property just because you have the money. If you intend to treat this as a long-term investment, start SIPs in a good balanced fund and spread your money over the next 12 months.