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Sanjeev Govila |192 Answers |Ask -Follow

Financial Planner - Answered on Jul 23, 2023

Question by Arindam on Jun 01, 2023

Money

Hello Sir, if I am having a saving of 20 lacs and would like to invest that in Mutual Funds, is there any plan/SWP where in I can invest the money for long term and also have a fixed return every month? What is the best course of action for investment for this much amount?

Ans: Investment in Mutual Funds need time to generate good and stable returns. It would be a good practice in case you do not withdraw the amount in the first 4-5 years and give time to your investment to grow at a decent rate.

After 4-5 years, you can start SWP (Systematic Withdrawal Plan) for your requirements. In SWPs, your capital also gets withdrawn. Therefore, you should withdraw the amount through SWPs at a rate below than the CAGR.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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