Category: Blogs Category

6 Signs, you “need” to do your financial planning even if you don’t “want”

March 21st, 2021 by

1. ‘I am always struggling to complete my financial tasks’’: 

Unfortunately, millions of people are not on track to achieve their financial goals. They are overloaded with debt, struggling with high-interest rates, and only making minimum payments on their credit cards. They have trouble saving, and their budget is a constant source of frustration. If you are one of these people, you may be thinking, ” I just don’t have the time or the skills to manage my money” or ” I can’t afford a financial planner.” But planning your finances doesn’t have to be difficult or expensive. You should never have to choose between financial health and time spent with your family. You’re not alone, and it’s never too late to change your financial future.

If you’ve always struggled with managing your money effectively, then you may need to seek some professional help. A financial planner can help you not only to improve your current situation but also to create a plan for future prosperity. A financial planner is a trained professional who will sit down with you and evaluate your financial situation, income, debt, and assets. They will then create a plan that is tailored to your needs and take a proactive approach to your financial future.

2. ‘I have tried, but failed every single time’: 

If you find yourself saying “I have tried, but failed every single time” you are not alone, but there are steps you can take to turn things around.

If you have failed to reach financial success in your life, it is time to ask for help. It is easy to feel alone in your financial struggles, but more than 40% of Americans say that their financial situation is at least somewhat overwhelming. Many  people have tried to reach the elusive “success” on their own and are tired of failed attempts.

Furthermore, time plays a huge role in investment planning. Giving your investments time allows them to compound and multiply your wealth faster. So don’t waste any more of your precious time and appoint a financial advisor at the earliest.

3. ‘I don’t know if I am saving enough towards my financial goals’

Before you think about saving money, you may have to ask yourself a tough question.

Do you really know whether you are saving enough for your financial goals?

Think of it this way: if you aren’t sure, your money isn’t working as hard as it should.

Here are a few ways a financial planner can help you:

1.You don’t know where your money is going.

2. You are unsure of how much to save.

3.You don’t know your financial goals.

4.You are paying high fees or commissions to your financial advisor.

5.You don’t have an emergency fund for sudden and unexpected expenses.

So, unless you are confident that you can handle such situations, it’s best to consult a trusted financial advisor. Using a holistic approach, they can help you define where you are and where you need to be, further identifying the means for you to get there.

4. ‘’I often panic, not knowing what to do every time the markets move’: 

While you may have a basic understanding of how the financial world works, you know that you can’t manage your money entirely on your own. You don’t know how to invest your money—and you’re scared of losing it all. Luckily, there is a solution. A good financial planner can help you understand how to keep your money safe and make it grow at the same time. You’ll also gain the necessary confidence to make the decisions that are right for you—without panicking.

Financial planners offer a variety of services. Some only help you manage your current finances and others help you plan for your future.  If you tend to panic—not knowing what to do every time the markets move—it’s worth it to have a financial planner on your side.  A financial planner can help you come up with a plan to deal with your anxiety and help you create a lasting investment plan.  A good financial planner will help you set up multiple streams of income to help you prepare yourself for the unexpected, such as job loss or medical complications.

5. Planning for long-term goals retirement, etc. requires a certain level of knowledge

Many people are planning for their retirement but they may not know the right ways to do so. Planning for your retirement involves a certain level of knowledge, and if you are not properly educated on the subject, you may find yourself planning for your retirement, but in a way that will actually put yourself in danger of running out of money and having to rely on government assistance.

I get asked this question a lot by friends and family:

” Should I start saving for retirement?

How much should I save?

When should I start?”

These questions can be difficult to answer because there are a lot of factors to consider. It’s important to realize that it’s never too early to start planning for retirement, but it’s also important to understand that there are some things you need to know before you jump in. A good place to start is by working with a financial planner for your long-term financial goals such as retirement.

6. If you have ignored these important aspects of financial planning

There are a number of aspects to successful financial planning and wealth creation, including ways to build wealth, managing your wealth, protecting your wealth, and understanding the risks of wealth. It is important to consider all aspects of your financial plans in full when you are trying to craft a sound financial plan.

Financial planning is one of those terms that is thrown around a lot, but not everyone knows what it means. Typically, people think of it as simply managing their wealth or making sure they have enough money to survive. But there is so much more to it. While most of us think of financial planning as a retirement plan or investing, this is only a small part of it. Financial planning is about setting goals for our lives and helping us take the steps needed to meet those goals. Our three-stage financial planning process will help you do just that.

#1:  Understanding where you are now. First, we need to figure out where you are now. This involves reviewing your current situation, taking stock of your finances and figuring out where you stand.

#2 Deciding Where you wish to go. Second, decide all the financial goals you wish to achieve and then prioritize them so that you do not miss any important ones 

#3 Creating a plan – a road map involving Insurance Planning, Emergency Funds Planning, Investment Planning, Cashflow Management related strategies that help you reach from where you are today to where you wish to reach i.e achieving your financial goals.

I hope I have helped you with the above article, if you still have further questions feel free to ask.

If you wish to get your free financial Health Checkup, please click on the following link.

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Common Misconceptions About Retirement Planning and how to save from them

March 14th, 2021 by

When most people enter the workforce, they look forward to that day when they can hang up their hats and afford to enjoy a life beyond the daily grind. Yet, many people believe that once you retire, all the fun in life is over. Retirement should be one of the most exciting phases of your life. If you plan for it right, you can enjoy all the things you love and live life to the fullest.

As a business owner, you are your own boss; you can work when you want, where you want, and for as long as you want. While this freedom is great, it can also be very dangerous. If you do not plan accordingly, then you could suddenly find yourself on the street. This is why, for many business owners, planning for retirement is also a very important part of their strategy.

In this article, we are going to debunk the top common financial misconceptions about retirement planning.


I Must Have Rs. X Saved to Retire

This is the biggest misconception that most investors become victims of while planning for their retirement.

While that might be true for the average person, it won’t give you a true picture of what you need. There are a number of factors that play into your retirement planning, including the size of your family, your income, the lifestyle you wish to live during retirement and related inflation, your debt, your life expectancy, and more. 

While deciding on the amount you will need for retirement, you need to consider all the above factors and arrive at the corpus you will need for your retirement.

Investments Don’t Need To Grow With Your Income

Many salary classes are happy by contributing statutory contributions to PF/EPF/CPF/NPS etc assuming that the same will be adequate for their retirement.

It is a fact that if your investments don’t grow at the same rate as your income, you will be falling short of what you need to retire. (Investment returns have historically grown at an average of 7% a year, while wages have grown at an average rate of just 4%). This means you need to be investing as much as you can to make up the difference each year. You might be surprised how much you need to invest each year to maximize your retirement savings.

Distribution Isn’t A Major Concern

The distribution phase of retirement planning is important as it is the stage where the most money is being withdrawn from the nest egg. This could also be the stage where the most mistakes are made when it comes to withdrawing money from your portfolio efficiently. There are some important things you should consider when planning out your distribution phase and here are some things to think about:

Planning for the distribution phase includes:

Planning how much income you need in retirement

Planning your investments in the correct order so that you do not outlive your retirement corpus

Setting up your portfolio for a global financial environment


Saving 10%-15% Is Enough

The most common advice given to people who are looking forward to their retirement is to save at least 10%-15% of their income for the purpose of creating a retirement nest egg. While this advice is usually given with good intentions and a positive attitude, it will not be enough for you to have a financially worry-free life once you retire.

You need to consider the lifestyle you wish to live and related inflation, your life expectancy, real returns your investments would generate during your entire accumulation phase i.e while you are investing to build a retirement corpus.

Retirement planning is all about money

Retirement planning is not all about money, it’s also about peace of mind. In fact, this is one of the biggest problems that many people face even if they saved for retirement. (If you are one of those people, you may want to read this). The reason is that many people find it difficult to let go of their work. And they may even be afraid of doing so because they fear that they will get bored and feel useless. The problem is that these people do not realize that retirement is an opportunity to move on to the next phase of their lives.

One needs to consider issues such as how would you like to enjoy your retired life and related funds. I have experienced many retirees who wish to see the world as they didn’t find time and opportunity due to hectic careers.

Financial planning stops at retirement

Many people wonder whether financial planning is important after they retire. The fact is, financial planning does not stop at retirement. Financial planning is all about maximizing your wealth. Wealth creation and money management are processes that start from the moment you retire and will continue until the day you die. Of course, these processes are not the same as they were when you were working.

The majority distribution phase lasts 20-30 years and many things change during this long phase such as inflation, economy, interest rate, etc. If you wish to ensure that you do not outlive your retirement corpus and leave a legacy for your next generation, you must continue to ensure that your investments and financial plan remain relevant for you during your post-retirement phase as well.

Spending decreases in retirement

There are many common myths about retirement. The most common is that spending decreases in retirement. Most of us will spend more in retirement than while we are still working, but many of us get that wrong. When we plan for our retirement, most of us spend a lot of time thinking about how much money we are going to have to put away to have a comfortable retirement. (I know that I did that for a long time.) We also think about things that we might want to buy when we retire, like how much additional living space we might want or when we want to take that trip around the world. What we don’t tend to think about is what we are going to spend our money on. Retirement planning requires you to take into account many factors such as your current budget, your retirement budget, inflation, deduction, taxation, and your long-term living goals.

21 rules of Managing money and personal finance in the year 2021

February 7th, 2021 by

#1 – Spend less than you earn –

Many people spend more money than they earn, spending more than they can afford to pay back. They justify this by saying they will “get a better job” or “earn more money” in the future. The reality is that most people never get a better job and never earn more money. They simply spend more and more money; eventually, they spend more than they have, and go bankrupt and lose everything they have. By the time people realize they can’t afford to pay back what they have borrowed, it is already too late.

The good news is that you can enjoy your retirement while still saving money for it. In fact, you can save a lot of money, and have enough left over to spend doing the things you enjoy when you’re not working.

#2 – Keep everything as simple as possible 

In the modern world, many of us can’t help but feel like the money tree is constantly being shaken while we’re underneath, waiting for the cash to rain down on us. But just how hard is it to keep your finances in order? Some people say that the key to keeping your finances simple are ;

  1. For Investing and Premium payments Set online Payment
  2. Buy Term Insurance – stay away from Traditional money back plans and ULIP plans
  3. Buy Family Floater Medical Insurance
  4. Have minimum Mutual Fund Schemes in portfolio – a retail investor need one fund from each of categories with maximum 4-5 schemes. Stay away from creating 8-10 funds portfolio in the name of diversification.
  5. Stay away from fancy mutual fund schemes that you don’t understand
  6. Stay away from credit card, if you are not disciplined. In this digital payment age, if you need  card, go for Debit Card.

#3 – Cover Yourself and  Family Members with adequate medical insurance

Buying medical insurance can be complicated, especially if you are trying to cover a family. Here are some considerations that you can use when comparing policies. When you are trying to figure out how to buy medical insurance, there are a few things that you need to consider.  Do you cover everyone in your family? If so, how do you determine which members are included?  Do you consider pre-existing conditions? If so, how do you keep your costs down when you have a chronic condition?  Are there any age limits?  Do you look at how much the insurance costs, or is price not a factor?

#4 – Focus on building an emergency fund
When rainy days come, you don’t want to be left without a source of income, savings or a way to get back on track financially. An emergency fund can be the answer you’re looking for. An emergency fund is comprised of three parts: an amount you can afford to save each month, an amount you can afford to invest, and an amount of savings that would be used to help you cover living expenses if you lost your job.

 #5 – Focus on eliminating high-interest debt

If you have high interest debt, there’s a good chance you’re experiencing some serious financial stress. Maybe you’ve been late on a credit card payment, or had your car repossessed. And those are just the more obvious signs. Many people experience stress at work or home because they have bills they can’t pay. That’s why it’s so important to pay off high interest debts as quickly as possible.

The process of eliminating your high interest debt, however, is often much easier said than done. Fortunately, there are some tips you can follow to help get rid of these debts sooner rather than later:  1. Create a budget and live on it.  2. Cut out unnecessary expenses.  3. Pay cash for major purchases.  4. Try to pay more than the minimum payment every month.  5. Ask your creditors for lower interest rates.

#6 – Focus on saving for retirement

On average, people spend around 90,000 hours at work during their lifetime. That means that roughly one-third of your life is spent in a workplace environment. Most of us won’t have the luxury of retiring before the age of 60, and that means we’ll spend roughly 35 years of our life working.  You can bet that you will need to save for retirement , and the earlier you start,

There are two ways to look at retirement: as a time when you stop working, or as a time when you free up your time to do the things you really enjoy. Either way, saving enough to be able to retire early is a challenge. If you’re starting to see the light at the end of the tunnel, congratulations! Just make sure you’ve got a plan for taking that first step into retirement.

#7 – Buy term life insurance to cover your dependents

If you’re like most people, you may have never given much thought to life insurance. You may think you’re too young to worry about it, or that it can wait until later on in your life. Maybe you don’t even know what it is – or why you need it.

If you’re like most people, you probably don’t want to think about death. But when it comes to life insurance, you don’t have a choice. You have to think about it. Because in the event of your death, you want your loved ones to be financially secure—that’s why most people get life insurance. But what exactly does life insurance cover? How much should you get? And how do you even begin choosing the right policy?

#8 – Build a budget, just for the process of building it right

Personal budgeting is a simple way to help you control your spending. It gives you a way to know how much money you have and how much you can spend. If you need help with your personal budget, you can follow these steps. Step 1: Write down how much money you have and how much you spend each month. Write down all the money you have and how much you spend on each expense. This may be the hardest part of budgeting, but you will need this information to keep track of what you spend your money on. Step 2: List your monthly expenses, and try to cut back on them. List all the regular expenses you have each month. After you have listed all your expenses, look for the expenses

#9 – Rent unless your total monthly cost of home ownership is lower than renting

People are very divided on the topic of home ownership. On one side you have those who argue that you can’t put a price on owning your own home, while on the other side, you have people who say that renting is always the better option. So, which is it? That’s the big question, isn’t it? Before making a decision on whether to rent or to buy, you need to consider what each option entails, and how that will impact you. As you can see, determining whether to rent or buy a home is not quite as simple as some people would like you to believe. In fact, it’s not simple at all.

Buying a home is a huge investment that can have a huge payoff. However, moving into a home is not just a matter of comparing prices on a spreadsheet, or checking to see how much you can afford to spend versus how much the bank will loan you. There are other things to consider, like whether you can afford the costs of upkeep, how much of a mortgage you can realistically afford, and whether you want to take on long-term responsibility of a home. There are also tax implications, as renting often has tax advantages. But if you’ve decided to buy a home, how do you know what you can afford, and what’s a good investment for you?

#10 – Buy cars based on reliability and fuel efficiency

Buying a car is a serious investment, and there are a lot of different factors you should consider before making a final decision. However, two of the most important are fuel efficiency and maintenance costs. They are important for one simple reason: if you save money on gas, you have more money to invest, and can build wealth faster. If you don’t have to pay for maintenance, you have more money to invest, and can build wealth faster.

Are you ready to buy a new or used car?   When you are, you’ll be faced with a choice: Which vehicle will give you the most bang for your buck over the next few years?

#11 – Teach yourself and your children about smart personal finance from day one and be a good example

We’ve all heard the saying that if you give a man a fish you feed him for a day, but if you teach him how to fish, you feed him for a lifetime.  It’s a powerful metaphor, and it’s particularly apt when it comes to teaching our children how to manage money.  Financial literacy is often presented as a one-off lesson at school, but truly successful money management skills have to be taught over and over again, throughout a person’s lifetime.  As the old adage goes, knowledge is power, and teaching kids about money is the best way to ensure they can manage their personal finances effectively later on in life.

A lot of parents make the mistake of thinking money management is a skill that is best taught after their child has become a teenager. The reality is that children need to be taught about money management even before they learn to count. Learning about money early allows kids to identify different coins, bills, and other money related objects. This in turn will help them develop a better understanding of the concept of money. While money management is something that needs to be learned and practiced, it is a necessary skill that will help your child throughout his or her life.

#12 – Don’t touch your retirement if at all possible

There are three main reasons why you should not touch your retirement savings if at all possible. First, you may not need the money. Many people retire earlier than they planned to because of bad investments or health problems.  Retiring earlier than expected could make the rest of your life harder if you haven’t saved enough money to live on. Second, dipping into your retirement savings will likely reduce the amount you have when you really need it.

There is a popular saying that goes with retirement planning that goes something like this “Your retirement plan should be to never retire.” As the saying suggests, it is never a good idea to retire from your work life, because when you do, you essentially decrease the amount of money that is flowing in and out of your retirement funds. This might seem counterintuitive because it is a well-known financial fact that the earlier you start saving for retirement, the better off you will be.

#13 – Buy some international investments, too

It’s been said that diversification is the only free lunch when it comes to investing. But what exactly does this mean? Simply put, it means that if you spread your money across a variety of investments, your risk of losing any of your money is reduced. This is because, if any one investment fails, you don’t lose all your money.

International funds can be a useful way to achieve a diversified portfolio. Before you invest in them, it’s important to understand what they are and how they work.

For example, you could invest in different companies located in different countries. International mutual funds are a great way to do just that.

#14- When an appliance breaks, buy a new one if the appliance is 10+ years old or the repair would cost more than half the replacement cost. 

When you’re looking to buy a new appliance, you’re faced with a difficult question: should I repair my existing one or just get a new one? That decision is often made more difficult by the fact that you have to consider the cost of the repair vs. the cost of a new appliance.  The expense of a repair is relatively easy to calculate but the cost of a new appliance can vary widely depending on the make and model and the features you want.  So, you may start to think that it’s not worth it to repair your appliance.  A new one might cost less in the long run (after all, you might use it for years, depending on how long it lasts).

If you have a non-working appliance and you’re thinking about calling a repairman, you might want to first consider the cost of a new replacement appliance. If your appliance is fairly old, the cost of a new appliance may be significantly less than the cost of repair, even if you take into account the costs of the repair technician and any new parts or pieces that you may need.

#15- Practice Delayed Gratification 

Delayed gratification is all about resisting the temptation to satisfy your impulses. If you can do this, you can save money to buy something that is more expensive later. The challenge is resisting the urge to buy something that appeals to you now. It is easy when faced with a credit card to get carried away and buy now, pay later. If you want to be able to buy things that are more expensive later, you need to practice delayed gratification. This is a skill that can be learnt. Over time you will get better at resisting the temptation to buy something now for a more expensive item later.

#-16 Don’t prepay a low-rate, deductible mortgage. 

You could save hundreds of dollars a month right now if you pay off your credit card debt instead of paying off your low-interest mortgage. No, not if you’re behind on your payments, but if you have a low-interest, fixed-rate mortgage and you’re getting a good deal on a credit card with zero percent, or low-interest introductory offers. In a low-interest-rate environment, it can be worth paying off a low-interest mortgage and using the money saved to pay off unsecured debt faster and pay even lower rates of interest.

#-17 Evaluate and re-balance your finance portfolio

One of the most important goals of any investor is to make sure their portfolio is consistently performing as expected.  The first part of this is knowing how your portfolio is doing, i.e. it’s performance.  The second part is knowing your risk level and how it compares to your goals.  By reviewing and rebalancing your portfolio, you can make sure that your portfolio is aligned with your goals.  When you do this, you may be surprised just how much you are able to increase your return on investment without increasing your risk.

Financial advisors tell you to review and re-balance your investment portfolio to ensure you’re getting the right amount of risk from each asset class. For example, if you have too much of your portfolio in stocks, you could be exposed to a major market downturn that will wipe your savings out. On the other hand, if you have too much in bonds, you won’t earn enough of a return to keep pace with inflation.

#18 Host a Financial Date either with yourself or your partner/family each pay day.

Many people keep their financial information from family and friends, but it is important to be honest and open about your money with your spouse and children. The idea of sharing your financials with family is often met with resistance, because people are cautious about how their family might react. For example, if your financial situation is dire, your family might worry about your ability to provide for them. If you’re financially well off, your family might resent your wealth. But, it’s vital for everyone to be on the same page about money, so that unnecessary arguments don’t start and you don’t have to hide your money situation anymore. It’s important to begin talking about your finances with your partner and family, even if you’re not ready to share

#19 – Cancel your unused memberships and subscriptions

You’ve probably heard that one of the easiest ways to save money is to cut back on membership fees and subscriptions, but it can sometimes be hard to figure out where to start. You may have a bunch of subscriptions you don’t use, or you may just be curious about which of your memberships cost you the most. Either way, it’s a good idea to take a hard look at the memberships and subscriptions you currently have and determine whether you are getting good value out of them.

#20 – Don’t ever go shopping without a grocery list

Shopping without a shopping list is like driving without a roadmap: you may know where you’re going, but you can easily waste a lot of time and gas getting there! That’s why we suggest that you put together a shopping list every time you go shopping. (You can even use a shopping list app on your smartphone!) Don’t worry—it’s easier than you think.

Why Protecting Wealth is more Important than Growing Wealth?

February 3rd, 2021 by

What if you have invested 50-60% of your income for a decade and also achieved 12% CAGR, but your father’s Health Deteriorated and had to hospitalized and you don’t have medical insurance for him?

What if you have created your financial plan and been saving and investing a greater portion of your money and also generated healthy returns over a period of time but you (god forbid) died of a sudden Accident?

What if you have been investing in a diversified portfolio for your financial goals such as child education and Marriage goals, suddenly the industry you are working in hit by severe slowdown and you lost your job for almost 6 months and had to survive using a portion of the money you created for your child’s future?

What if you have invested in the shares of the company where you are working as you had the confidence of company is doing well for long and suddenly the entire industry suffered a slowdown and you lost your job and to add to your problem your shares’ value that was concentrated with the same company shares went southwards?

Above are classing fall out of wrong prioritization of Wealth Creation over and above Wealth Protection.

If you would have bought Medical Insurance for your dependent parents, all medical expenditure would have been paid from the policy and the wealth generated by you so far could have been protected, Right?

Same Way if you would have covered yourself with adequate life insurance then your family’s Financial Life could have been adequately provided for, even if you died ( God Forbid) from an Accident.

If you could have diversified your portfolio either by investing into 1-2 companies for each of  10 different sectors or via mutual funds investing as also done an asset allocation exercise to diversify your investments into weakly correlated asset classes such as equity and debt to contain the downside of your portfolio and manage investments risk arising out of the market conditions.

And before starting your investment journey, if you could have parked an emergency fund separately into either a liquid fund or Bank FD, you would not have to eat into your child’s future Investments.

So above examples are quite common and it clearly emphasizes Prioritizing ‘Wealth Preservation Strategy’ Over and above ‘Wealth Creation

As a personal Finance Coach, while dealing with my clients I see them committing the following mistakes which you should save from committing as the reader of this note ;

1.       Buying Traditional Policy and losing on both front

a.       As Investment: You Hardly earn 4-5% per annum which is far less than last 20-year average inflation of 7.5% thereby losing the purchasing power of your investments.

b.       As Insurance: You are inadequately insured as a small portion of your premium provides very low-Risk Cover.

2.       The best way to avoid the above is to buy Term Insurance

3.       Inadequate Medical Insurance: In India, people still perceive insurance as expenses rather than peace of mind from future financial challenges. So while buying Medical Insurance think about where you would like yourself and your loved ones to be treated. If you want them to be treated in a metro like Mumbai then you need to buy medical insurance cover that provides for Costly Medical Facilities in a city like Mumbai.

So I hope I made amply clear why protecting wealth is more important than creating wealth. Pls, note that I am in no way teaching you not to invest to create wealth but before starting or parallel also protect your wealth.

What kind of mutual funds can be invested in at the level of the stock market at the moment?

December 23rd, 2020 by

Recently One of my QUORA follower requested an answer to the above question and I felt that the same question may be puzzling my blog readers and other budding Investors’ minds. So reproducing my answer here.

That’s a Good Question than asking ‘Suggest me best Mutual Funds for Investments?’

Markets are all-time high and while Investing, you must consider the direction of the markets and current Valuations.

The valuations matrix of Sensex ( made of 30 companies) and Nifty ( nifty made of 50) companies are suggesting markets are considerably overvalued.

But the moot question is markets are made of these 30 or 50 companies only?

No Markets are not made of 30 to 50 companies but having thousands of companies.

If we look at other companies, not all are overvalued in fact many are undervalued, which indicates that there are investment opportunities available in the market.

It’s best in the interest of the retail investor to participate in the broader market from the diversification perspective.

Before answering where to invest let me answer how you should Invest ;

If you have lump sum money that you want to invest ;

  1. You may stagger your money over a period of time and invest on every market correction OR
  2. You may park your money into liquid funds and do the Systematic Transfer into funds of your choice. OR
  3. You may use both of the above strategies

If you do not have lump sum money, then the best way to invest is when you have money i.e create SIP.

Now coming to types of mutual funds to be invested, it depends on your risk profile but Midcap and Small Cap funds are yet to catch up as compared to large-cap so if your risk profile allows you to invest in midcap and small-cap and your investment horizon if of more than 10 years you may invest your money into consistently ( mark my word I have not used best performing) performing midcap and small-cap funds. In the midcap category, you may consider franklin prima and for small-cap you may consider SBI small-cap fund. But Before investing do your own basic research about the Risk-Return Profile of the MF scheme you want to invest.

If you wish to invest in large-cap, use staggered investment strategies shared above and be mentally prepared for a little longer horizon to get the return as you are investing on relatively high valuations.

Pls note in compounding time in the market ( How long you let your money grow) is more important than timing the market ( i.e making an investment at the right time) as no one can time the market perfectly.

Hope the above would help you. If you wish to improve your personal finance knowledge, pls read my blogs on PlanetWealth – Personal Financial Planner and Coach ( or Subscribe to my youtube channel at Financial Freedom with PlanetWealth (Financial Freedom with PlanetWealth) or Listen to my podcast at Financial Freedom With Planetwealth • A podcast on Anchor (Financial Freedom With Planetwealth • A podcast on Anchor) and don’t forget to check my quora profile Brijesh Parikh (Brijesh Parikh)

By the way if you need my professional help in managing your money effectively, pls book 1 hour free consultancy call by clicking here.

If you are Do-It-Yourself type and want to learn how you can manage your money on your own, pls checkout my online wealth coaching Programme by clicking here.

Happy Investing !