I am of 50 and would like to know which mutual funds I should invest for the next ten years? I will retire at the age of 60 and the idea to invest is to maximise gains. My risk capacity is average and I know I am late in taking advantage of SIP investments.
- D. L. Rajendra Kumar
Though you are late in joining the equity bandwagon; you still have ten years to go which is good enough a period to achieve capital appreciation. We have shortlisted a portfolio of four funds that you should equally invest in. Collectively, this portfolio has 60 per cent equity exposure which is in line with your risk taking ability. This portfolio will provide you stable growth, which is what is needed at this stage in your life. The selected funds are highly rated and have a proven performance history, which will achieve your investment goal.
Make sure you invest regularly and evaluate the performance of these funds at least once a year to check its progress and make any necessary changes to the selected funds.