Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to armed forces officers and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more
Sir, I am a senior citizen aged 70 yrs. Recently I started a SIP of â‚¹ 5000 in HDFC defence fund which is listed a week ago. Kindly suggest me the future prospects of the fund. I plan to remain in the fund for 24 -36 months.
Ans: HDFC has recently launched this fund investing mainly into the defence and allied sector Companies.
The future prospects of the fund depend on the performance of the sector companies that the fund invests in. Looking at your age, you have to understand the risk associated with the investment avenue being a sectoral fund, it contains high volatility. If your risk appetite is low and you are looking for safety, then you should look for other alternatives.
If you plan to remain in the fund for 24-36 months, you should be prepared to face high volatility and uncertainty in the short to medium term.
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