I am 47 years old working woman and most of my investments have been in safe zone. i invest ₹35,000 every month. I started investing about now ₹9,000 per month for a lock-in period of 20 years in Bajaj Allianz Future Gain. I am interested in exploring short term investments for three to five years, 10 years and 15 years to extend the time period and diversify the risk. What would be the best portfolio in this case?
—Name withheld on request
Till recently, you have been investing only in fixed income options. You have now started investing in market linked investment instruments in the form of ULIPs. This is a positive step.
However, there are better ways to handle your market investments. You can start a simple SIP with two funds in one portfolio. Low cost index funds like UTI Nifty Index Fund and hybrid funds like SBI Equity Hybrid Fund. It will provide you an efficient way to manage your long term investments where you have more control and options for liquidity (interim withdrawals on shorter time frames).
Shrikant Meenakshi is the founder of Primeinvestor.in.
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