Mutual Funds, Bank Nifty or Gold ETF: Where should I invest surplus Rs 35,000?

financialexpress.com:

I have Rs 35,000 surplus money to be invested. Is it advisable to invest in a Mutual Fund, Bank Nifty or Gold ETF or any other investment?

Ashfaque Mastan

Reply by Kunal Jain, Senior Consultant at Alpha Capital, RIA

Before making an investment, please check your time horizon. If your time horizon is less than 5 years, please do not invest in Mutual Funds or Bank Nifty or Gold ETF. If your time horizon is more than 5 years, the equity mutual fund will give the highest return.

Also Read: I sold my flat for Rs 36 lakh. Where can I park this money before buying REC Bonds to save tax?

I’m 38 single mother earning Rs40,000 per month paying house EMI around Rs 34,000 and taking Rs 10,000 in financial help from my parents. How can I save money for the future?

Swati Ghoble

Reply by Kunal Jain, Senior Consultant at Alpha Capital, RIA

Apart from EMI, there will be other expenses too. Assuming, you can save Rs 5000 Per Month for the next 22 years, you can easily accumulate a corpus of around 1 cr for your retirement. Please start monthly SIP in equity mutual funds for the same.

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