Why I am investing more in Debt than Equity
This is the Analysis of my Mutual Fund Investment done on Groww App.
As you can see almost 65% is invested in Debt and only 35% in equity. Though everyone says that whenever you have age by your side you should invest more on equity and less on debt because equity gives more returns in a long run.
I agree to that point but I don't want to take much risk for this. The only thing which I am doing as of now is that whenever I have some money left in a month I am investing lump sum in Debt mutual fund because I know that will never give me negative returns. And all the sip I have is of equity mutual fund to balance any negative returns.
Thus in the current scenario I know even if I will not get more returns my investment will not go in negative and also debt comes with an option of almost nil exit load that means even if I redeem my investment I don't have to pay any tax on it which is not the case in equity where you have to invest more than 3 years normally.
What do you think is this the right strategy?
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