My father-in-law is going to retire in September. He wants to keep around ₹2-3 lakh safe for my mother-in-law. Should he invest in equity mutual funds or put the money in a fixed deposit (FD)?
- Ravi
It is not clear from your mail the purpose behind setting aside the money or the investment horizon. So we are offering a general answer. if you want keep the money safe for immediate use, you should park the money in a safe avenue like a bank fixed deposit. You should consider investing in equity mutual funds only if you have an investment horizon of at least five years.
This article was originally published on October 19, 2015.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
