where to invest 1 lac bonus amt dev, 08 May 2013

Got recently bonus of 1 lakh. Would like to know where to invest. Already having FDs and GOLD in place. Is there any other avenue like MF (one time).

Fintotal Answer

If you have personal loan or credit card debt you can use it to pay off. Else you can invest lumpsum in one of the top mutual funds from our recommendations. Check procedure for investing in MFs. On the Mutual Funds page you will find more articles of interest on MFs.

I have no loan/card outstanding. Do i need to invest lumpsum or make SIP of 5000 Per month for the period 20 months in any of Equity fund or balanced fund.

dev, 08 May 2013

You can invest lump sum in one of the best funds. If you don't require the money in 5 years go for an equity fund or if you require it in 3-5 years choose one of the top balanced funds.

Fintotal Answer,08 May 2013

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