I am already investing in mutual funds of amount Rs.15000 on different schemes per month in total like below.
SBI Blue Chip-4000
ICICI Pru Value Discovery-5000
Franklin India Smaller Companies Fund-2000
Axis Long Term Equity Fund-100000 (invested as single one-time lump sum amount as this requires lock-in period)
All above are direct growth. I got Rs.90000 from my previous company, I want to invest this amount in better yielding investments for next 10 years, I do not want touch this amount.
Can you please suggest me where can I invest this lum sump amount for next 10 years?
Sir, above mutual fund investments, are better for my retirement purpose also? or do I need to add any mutual fund which is retirement purpose? if then may I know which fund is better for next 31 years ( preset is age 29 sir, considering 60 yrs as retirement age ).
Sir, is their any good returns for 10 years if I invest in any sector funds? or those fund are not good ?
Sir, please kindly suggest on this lum sump amount.