Sir, Regarding RS. 70 lacs, now my friend wants to invest for long say 5 years and above. He is now 57. He wants to create wealth out of this amount. He can wait 5-10 years.. He is getting pension monthly which will take care of his expenditure. Whether lumpsum amount to be invested or via liquid funds?
At one point you say you will wait for 5 years. Immediately you target 5-10 years. There is a huge 5 years difference. First make up your mind about goal. Also, without knowing much about the person’s financial health and also his risk profile, I can’t guide anything (especially when the person in question is 57 years old).