Niranjan Joshi, 35, an employee of Pune-based knowledge process outsourcing company intends to create a large corpus for his retirement using equity funds. Though he appears to be confident about his bright future, it was not the case earlier.
A conservative young mind to begin with, he started saving in fixed deposit when he started working a decade ago. But the low returns on fixed deposits and other fixed income options made him realise that he has to take some risk if he wants high returns. In 2014, he tried his hand at midcaps, but realised that it is far too risky area and instead chose to invest through mutual funds.