I will retire in 3 years but I wish to start SIP of Rs 50,000. Where should I invest?

financialexpress.com:

Welcome to the Reader’s Query segment of FE Money. Last week, Suvranu Gupta from Mumbai shared with us that he has only three years left before retirement but he wishes to start SIP of Rs 50,000 in mutual fund schemes. Gupta wanted guidance on the funds in which he should invest, how much amount he should invest such funds and for what duration.

Amar Ranu, Head – Investment Products and Insights, Anand Rathi Shares and Stock Brokers, replies to Gupta’s query:

FE Money recommends consulting a certified financial planner or SEBI-registered investment advisor for the right guidance before investing in any mutual fund scheme. More so because investors like Gupta, who have almost reached their retirement ages, need to be careful with where they plan to invest their money.

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