- ICICI Prudential Multiset Fund: Rs 7,000
- Edelweiss Mid Cap Fund: Rs 10,000
- Invesco India Tax Saver Fund: Rs 5,000
I invest Rs 1 lakh in PPF every year. For the past 1.5 years, I am Investment Rs 20,000 in Parag Parikh Flexi Cap Fund, Rs 7,500 in SBI Small Cap Fund and Rs 4,000 in IDFC G-Sec Fund.
My primary objective is wealth creation as I do not have any financial liabilities as of now. Can you please advise me how do I invest my remaining salary? Also, I have about 10 lakh rupees in my bank account. Can you advise me how to invest this extra amount also?
–Ninad Kulkarni
You should adopt a goal based investment strategy. Identify your various goals, find out how much money you need to achieve each goal, and how much you need to invest to meet those goals. As a rule, stick to safe bank deposits and debt funds to achieve short-term goals that need to be achieved over five years. You can invest in equities for long term goals mutual funds, Always choose equity funds based on your risk tolerance. For example, stick to large cap funds if you want to grow money without too much risk. Similarly, if you are a moderate investor then you can choose Flexi Cap Fund.
Your current investments are everywhere. As stated earlier, choose mutual funds based on your risk profile and goals.
If you are not clear about investing in mutual funds, take the help of a trusted advisor or financial planner. Gain experience and confidence before investing yourself.