Hi!!! This is Vinod working as a software engineer. Now i am 28 yrs old . I am looking for a retirement plan and decided to invest in mutual funds. Is it the better way to invest for my peaceful life after 50s. I have selected the following funds according to my knowledge and basing on your article Rs 5000 in each. Franklin smaller companies fund HDFC Mid cap fund SBI magnum multi cap fund Mirae asset emerging blue chip fund Mirae asst India opportunities fund or DSP BR opportunities fund PPF plz suggest that the above funds are good are not. And one more suggestion that purchasing a postal life insurance plan???
You are saying that you selected funds based on my article. However, you failed to understand the importance of asset allocation and what market cap funds to choose in equity. Hence, please refer my post (link shared below) once again for better understanding.
I stay away from the product which combines INSURANCE+INVESTMENT. Buy a pure term life insurance.