I plan to retire by 60. I am currently 40 years old and have been investing in equity mutual funds for the last 4 years through SIPs. I want to know whether I should invest in fixed income instruments like debt mutual funds? Secondly which mutual funds are recommended for long term for equity and debt to build a good amount in the next 15 or 20 years?
- Pradhaan | 1057 days ago
We should always invest in both debt and equity funds. Only Investing in equity funds, is quite an aggressive option.
Now which debt mutual fund or any other fund you should invest in depends on lots of factors. Its similar to buying apples. For example, one day you go and buy apples for Rs100/ kg . After a few days you go again but this time the price increase to Rs. 200/ Kg. So you might not buy them this time. Instea