Asked on - Dec 01, 2023
Hi, I am 46yrs, Have equity investment value is 20 lacs, SIP 25,000 and invest 50k annually in ppf now amounting to 3.5L. how much to I invest for my old age? I have large cap, mid, small and little in debt funds. What is the right time to exit from MF, eg I have axis small cap since 5 yrs now I have discontinued the SIP, so do I keep it or should I exit?
Ans: Considering your age and investment portfolio, it's essential to plan for your old age by gradually shifting towards more conservative investments. You may want to increase your allocation to debt funds or fixed-income instruments to reduce risk as you approach retirement.
Regarding your mutual fund investments, the decision to exit depends on various factors such as fund performance, investment goals, and market conditions. If a fund no longer aligns with your investment objectives or has consistently underperformed, it may be prudent to consider exiting. However, it's essential to assess each fund's performance and consult with a financial advisor before making any decisions.