Got Rs 15 lakh to invest for 10 years? Here's what expert recommends

Are you wondering how you should allocate Rs 15 lakh across mutual funds, gold and international assets with an investment horizon of 10 years? Here is what an expert recommends, as reported by ETWealth.

Are you also wondering whether you should invest the amount as a lump sum or through SIPs/STPs and what is the ideal monthly deployment? Here is what the expert recommends.

Dilshad Billimoria, MD & Chief Financial Planner, Dilzer Consultants, shared with ETWealth that being aware of different asset classes is the first step towards financial independence.

The ideal asset allocation should be based on your risk profile, investment horizon, financial goals and liquidity needs, the expert said.

The expert said that considering the current market conditions and the 10-year investment horizon, I would suggest allocating 25% to large-cap funds, 20% to flexi-cap funds, 15% each to large & mid-cap funds, 6% to small cap funds, around 5% to quant funds, 7% to gold, silver or multi-asset funds, and 7% to international funds.

Rather than investing the entire Rs 15 lakh at one go, it may be prudent to stagger the investments over 15-20 weeks through regular weekly deployments to reduce the impact of market volatility, the expert said.