I have received ₹50 lakh from my husband's life insurance policy a few months ago. I primarily want to invest the sum received from the life insurance company for my old age. So, maybe I want to invest this money for 15-20 years or so. ₹12.5 lakh) equally in SBI Magnum Gilt Fund- Growth and HDFC GILT Fund. 3) Considering your time horizon of 10-12 years, we suggest that you should park the balance money in equity mutual fund schemes.

Source: Mint November 16, 2020 04:30 UTC