Thanks for sharing the info. I have a question, let's say that a person at the age of 55 wants to build a corpus after 10 yrs for their retirement at 65. In which instruments should they invest to beat the inflation rate? Can they consider a ULIP plan SIP with an allocation of 30% in Nifty 50, 30% in Mid-cap and 40% in Debt Fund? Your suggestions please.
@FinanceMamaTamil Thanks for the reply. They can't afford to take risks at this age, and they are investing for their retirement plan. They are expecting a monthly return after 10 years. They are ready to do a SIP of 1L/month. Which instrument should be a better option and the allocation they can go? Your thoughts please.
