New to Traderji community.
I have built a decent amount of wealth with my business (in a different sector other than finance).
My current holdings:
Fixed Deposits: 75L
Mutual Funds: 10L
Liabilities:
Property loan of 2Cr (9% rate of interest)
However, I am looking to grow my money at a much higher rate than what the rate bank FDs are offering currently (6-7%). Currently equity markets are down which presents an ideal situation to invest in Mutual funds. Also, I currently do not have the time to manage a stocks portfolio because of my full time business. I would like to invest on a monthly basis and forget about it for the next 5 to 10 years (hoping to get returns of CAGR more than 13%)
So, Currently I have ~ 10L rupees to invest per month (depending on business performance but can consider 10L as average per month).
How do I invest these funds to be spread across different instruments? (Medium Risk profile)
Some strategies I can think of:
I have built a decent amount of wealth with my business (in a different sector other than finance).
My current holdings:
Fixed Deposits: 75L
Mutual Funds: 10L
Liabilities:
Property loan of 2Cr (9% rate of interest)
However, I am looking to grow my money at a much higher rate than what the rate bank FDs are offering currently (6-7%). Currently equity markets are down which presents an ideal situation to invest in Mutual funds. Also, I currently do not have the time to manage a stocks portfolio because of my full time business. I would like to invest on a monthly basis and forget about it for the next 5 to 10 years (hoping to get returns of CAGR more than 13%)
So, Currently I have ~ 10L rupees to invest per month (depending on business performance but can consider 10L as average per month).
How do I invest these funds to be spread across different instruments? (Medium Risk profile)
Some strategies I can think of:
- Instead of investing a lump sum at one time per month, setting up a daily SIP of 30,000 across equity and debt mutual funds. (75% Debt, 25% Equity) thereby averaging any ups and downs in the market.
- Putting a part of current investment amount into making part loan payments
- Greater allocation to equity and lesser to debt
- Liquid mutual funds instead of FDs