I’m 24 years old, working with the Essel Group as a marketing executive, earning Rs20,000 per month. I want to know how and where to invest. If I’m going to retire at 60 or so, what or which kind of play should I go for?
I think it would be a good idea to take the retirement benefit plan of ICICI Prudential with 20% of the amount you would like to spend on your retirement-related investments, and invest the rest in good mutual funds for two-three years. You should reshuffle your portfolio depending on market conditions and also periodically, every year. You may also invest in good quality stocks with a long-term perspective.
The final break-up for your investment could be: 20% in a retirement benefit insurance plan; 55% in mutual funds; and 25% direct investment in stock markets either through initial public offerings or from the secondary market.
The views expressed on this page are not the newspaper’s opinion and are provided for information purposes by Vipul Verma. Neither the paper nor the information provider will be responsible for any outcome based on information provided here.