Where should an NRI invest for his retirement?
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By ET Online |
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I am an NRI, and would like to invest in mutual funds. I am 39 years old, married and have a two- months-old baby girl. My risk profile is high. I would like to save for my child’s education when she turns 18 and higher education at 24 years. I also want to save for my retirement and my spouse’s retirement too. My investment horizon is more than 20 years. Please suggest four mutual fund schemes where I may invest. I plan to invest Rs 20,000 per month.
-- Rishav Pal
Chokkalingam Palaniappan, Director, Prakala Wealth Management, responds:
You may invest in the following four schemes with high risk-reward ratio:
Axis Midcap Fund
HDFC Small Cap Fund
IDFC Sterling Value Fund
Edelweiss Midcap Fund
ET.com Mutual Funds adds: Please note that many mutual fund houses do not accept money from NRI from the USA or Canada.
-- Rishav Pal
Chokkalingam Palaniappan, Director, Prakala Wealth Management, responds:
You may invest in the following four schemes with high risk-reward ratio:
Axis Midcap Fund
HDFC Small Cap Fund
IDFC Sterling Value Fund
Edelweiss Midcap Fund
ET.com Mutual Funds adds: Please note that many mutual fund houses do not accept money from NRI from the USA or Canada.
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