I am 45 years old and want to invest Rs10,000 per month in systematic investment plan (SIP). Can you please advise some good funds to invest in? Also is it wise to invest Rs1,000 each in 10 different funds?
—Jitesh Nayak
From the nature of your question, I’m guessing that you are just getting started with your mutual fund investing. You still have 10-15 years to go for your retirement and it is better to start late than never.
If you start investing now and keep it going until retirement, and also increase your monthly investment as and when you get a chance, there is a good chance that you will wind up with a tidy sum of money that you can add to your other amounts that you would accrue upon retirement.
Coming to your question, there is no need to invest in 10 different funds to build a good portfolio. The right way to approach this problem would be to first design a good asset allocation structure for your basket of funds and then pick one or two good funds in each category therein.
