moobo
1
Hi Pankaj,
My mother is house wife( age 55) and My father is no more. She want to invest her savings secure.
Is physical gold/ Postoffice/ bank FD is sufficient. what about gold/debt mutual fund or blue-chip equity.
what is your opinion on this with preference and exact name.
I would suggest not to invest into Gold funds or any product which is on high risk.
At this age, she should be investing into safest possible investments.
She can put 10-15% of investment in equities but rest has to be debt based only. Post office MIP, Fixed maturity plan mutual funds, bank fixed deposits, MIP mutual funds and some balanced mutual funds will be good for her.
