Hi All -
One of my relatives is taking a VRS from government service and is expected to receive a one time payment in the range of 25-30 lacs. I want to learn if there are any Personal Finance suggestions on how to deploy a one time corpus into Stocks.
We don’t want to buy property with the high cost of acquisition / maintenance and disposal. We are open to both Stocks and Mutual Funds. However we are conservative in nature and stocks even though corrected in last year are near historic highs. We could buy good companies like Ultratech / Asian Paints / Maruti etc, but they will still invariably fall with the market.
Since VRS cannot be put off, we don’t have the timing luxury. The last option to delay the stock / MF investment will be a bond fund that will need a 3 year investment period to avoid short term tax, but we are not sure when the market will fall and don’t want to get locked in for this period.
Any suggestions / strategies?
Disclaimer - I didnt see any topic on this question so starting a fresh one.