Should I invest money derived from PPF into mutual funds?

I am 52 years old. I have around Rs 20 lakh in my PPF account which is about to reach maturity. I won't need this money for the time being. Is it advisable to invest the entire corpus in mutual funds?
- Manoj, Mumbai

Transcript: Yes. Had you invested in MFs from the start you would have ended up with a much larger amount. PPF rates will be further reduced in the future. If you do not need the money for several years, you should invest it in the market. You will get a good return in the market over the long term but in the short term, you will also see a lot of volatility. To eliminate the possibility of catching a market high, it is important that you invest your money in installments of up to 3 years, in 1 or 2 balanced funds. This will give you good returns, liquidity and tax efficiency.

This article was originally published on March 15, 2019.