Hi I'm 34 and want to invest lumpsump around 1cr in near future in Systematic withdrawal plan. Searching for halal sharia complient mutual funds for my future life to get atleast 80000-100000 rs per month. Kindly provide some mutual funds with low risk
Ans: It's great to hear that you're considering Halal Sharia-compliant mutual funds for your future investments. Here are some options for you to consider, keeping in mind your desire for low-risk funds that can potentially provide a steady income through a Systematic Withdrawal Plan (SWP):
Tata Ethical Fund Taurus Ethical Fund: These funds follow ethical and Sharia-compliant investment principles and invest in a diversified portfolio of equities. It aims to provide long-term capital appreciation while adhering to Islamic principles.
Before making any investment decisions, it's essential to carefully review the investment objectives, strategy, and past performance of each fund. Additionally, consider consulting with a financial advisor who specializes in Sharia-compliant investing to ensure that your investment choices align with your financial goals and values. Remember to assess your risk tolerance and investment horizon before investing in any mutual fund.
Additional Resources on this topic https://www.holisticinvestment.in/the-ultimate-guide-to-sharia-islamic-investment/