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Abhishek

Abhishek Dev  |53 Answers  |Ask -

Financial Planner - Answered on Sep 13, 2023

Ratan Question by Ratan on Sep 11, 2023
Money

Sir, I have SIP of SBI Equity Hybrid Fund Regular Growth of 3000 per month & 24 month is completed in AUG. 2023.I am 60 yrs old. I want to continue SIP upto 5 yrs.. This is suitable for me or can switch to any other. Please advice me. My income is 40000 pm.

Ans: Thankyou for your question. The fund isn't great, but isn't too bad either. It has ~25% in debt/alternatives, making it a good bet for reducing volatility.
There's no reason to redeem the proceedings as there will be both hinderance to compounding and tax implications. Performance wise, you can start fresh SIP in other better performing Hybrid funds like ICICI Pru Equity & Debt fund or HDFC Balanced Advantage Fund.
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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