Based out of the City of Joy, Kolkata, Susanta Paral, 47, is a businessman who has taken a lot of risks for his business, but when it comes to personal investments, he is risk averse.

In more than 20 years of his work life, Paral has invested mostly in public provident funds (PPF), LIC and fixed deposits (FDs). “Though I started my career in the service industry, I moved on to start my own business. But I have always remained a traditional investor and never invested in mutual funds. I have nominal investment in the stock market,” Paral confirmed.

Paral informed that he does not have any investment advisor or broker to deal in stock market. The little bit transaction that he does in stocks, he himself handles it.

Regarding his returns, Paral stated that although he is unhappy with the interest rates offered by the FDs, he still continues to invest in it because of “security.”

Although a passionate painter, Paral decided to keep his canvas of investment restricted to a few colours only. Chunk of his investments, at least two-third of it, is into fixed deposit, life insurance and PPF.

To build his corpus for the post retirement days he relies completely on fixed deposits and life insurances. He feels that these two tools will be sufficient to build the corpus.

Asked if too many insurance policies become a burden after some time, Paral answered, “Though some of the life insurances have become a burden, but I cannot come out of it now.”

He had also invested in Post Office Monthly Investment Scheme and National Savings Certificate.