Investment advise

POSTED BY Advait ON December 23, 2012 12:25 am ONE COMMENT

Recently I closed one of the Equity shceme due to some personal reasons and left with10 Lak surplus amount. I would like to invest this amount for long term for my kids. Please advise me what avenues/options I should look at.

Thank in advance!!

 

One reply on this article “Investment advise”

  1. If long term is about 10 year aways you can park a portion of the money say about 30% in tax-free bonds with cumulative option (some have buy-back option after 5 years too). This can be a tax efficient debt component.

    You can park rest of the money in a liquid fund and start a systematic transfer plan to about 2 mutual funds: one balanced fund, and one large-& mid-cap fund.
    The funds can be transferred each month or even more frequently if possible., The entire transfer can be done in about 6 months time.
    As your goal approaches you can systematically withdraw from the equity funds back to the liquid fund or push into a FD.

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