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| Topic: i'm a retd sr citizen(60).irecd rs 20lks as gratuity, pf etc.
i've cleared rs 4 lk housing & personal loan.i've invested abt 8 lks in f.ds fm 9 to 11% int fr 1 yr fm july/aug08.rs 12 k each in gold etfs of uti & benchmark.i've bought phisical gold of 100 gms fr rs 1.2lks. i've invested
rs 2k each as sip in elss of magnum, sundaram, birla 96,, principal tax saver schemes & rs 2k each sip in diversified eq funds of hsbc & dsw
oporunity funds .all up to march 09 fm july 08.my monthly pension rs 15k . & may go up by 20% due to 6th pay comsn.i still've rs 5lks & expect abt rs 2 lk ariars.my co fully covers me & my wife fr any health problems including
corporate hospitalization as a cash lesscoverage on rs 40k chss for 10 yrs.i've followd olm's tips abt investmnt of gratuity etc. my dtr is maried & employed engr son to be married. i've my own house . pl advise me how to deploy rs 7lks & ifmy investment methods r o.k.
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| Dear Mr Bala,
You seem pretty well diversified! Since you are retired an should not take
much risk, you can consider investing the balance of capital into MIP's or
FMP's for higher returns and tax benefits. Any increase in monthly pension
can be used to increase SIP amount in your equity funds.
Rgds
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