Please check if my investment selection is good considering that I am a moderate risk taker and retired

I retired from Govt. service, age 61 years, and received about 60L superannuation benefits. Have no Liability. I want to invest this amount to secure the funds and to beat the inflation with tax efficiency. I have moderate risk capacity. I thought I must invest Rs. 15L in SCSS, 15L in debt schemes of MFs, 10L in MIPs of MFs and 10L in two Balance funds & lL in liquid fund like Reliance money manager fund and balance in savings account. If my planning is right then kindly suggest schemes and funds in which I should return?

Aug 30, 2016 by Vinay Vashisht, Chandigarh  |   Retirement Planning

From the perspective of spreading your investments in different asset classes and also considering your age and risk taking appetite, the allocation you have done to different schemes and assets is absolutely fine.

With regards to your fund selection for investments in debt, MIP, Balanced and Liquid funds, please go through the following link and select schemes –

1. Select top performing debt funds from here - https://www.advisorkhoj.com/mutual-funds...

2. Select top performing Monthly Income Plans (MIPs) from here - https://www.advisorkhoj.com/mutual-funds... Checking the top dividend paying MIPs also makes sense for you https://www.advisorkhoj.com/mutual-funds...

3. Select top performing Balanced Funds from here - https://www.advisorkhoj.com/mutual-funds... Please also read our suggestion about Top Balanced Funds to invest in 2016

4. With regards to your selection of Reliance Money Manager Fund, it is a good decision. Reliance Money Manager Fund now comes with a option to redeem any time and get the redemption proceeds within 30 minutes in your bank account. Please read this https://www.advisorkhoj.com/news/Mutual-Fund... You can also invest in Reliance Money Manager Fund online instantly using their SIMPLY SAVE App https://www.advisorkhoj.com/news/Mutual-Fund...

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