I am 51 years old. I am a shopkeeper. After reading Mutual Fund Insight, I am interested in starting investments in mutual funds. Please advice me how to make my retirement folio, by investing ₹20,000 per month for a period of 10 years.
- Navneet Bahl
It is always better to invest in equity mutual funds to achieve long term goals that are five years and above. Equity has the potential to offer superior returns than other investments over a long period. Since you are a first-time investor to the stock market, you can consider investing in one or two top-rated equity-oriented balanced schemes. We generally recommend balanced schemes to novices to the stock market as these schemes are less volatile than pure equity schemes. Balanced schemes invest in a mix of equity (at least 65 per cent) and debt and the debt part of the portfolio softens the blow during volatile periods in the stock market.
Here is our list of top-rated equity-oriented balanced schemes.
This article was originally published on February 23, 2016.
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