New Delhi, Aug. 15 -- A Rs.5 lakh savings corpus can provide an individual with more than just a financial cushion. It can be the starting point of a well-thought-out investment journey. All it takes is proper planning and long-term vision.

Still, with options ranging from fixed deposits, mutual funds, gold, bonds, and equities, deciding where to put the funds requires more than just seeking higher returns. This particular decision of fund allocation is fundamentally driven by factors such as the investor's long-term targets, current financial obligations, age, family responsibilities, and retirement plans.

Sarvjeet Singh Virk, CEO of jUMPP, explains this in detail, stating, "An investor's approach to Rs.5 lakh should evolve with age, f...