I am 61 year old and want to open SIP for Rs 15000/-per month which is best SIP ,return wise
Ans: Investment Strategy for a 61-Year-Old
At the age of 61, it is essential to balance your investment portfolio to achieve decent returns while minimizing risks.
SIP Investment Approach
Starting a Systematic Investment Plan (SIP) for Rs. 15,000 per month is a prudent choice. This approach helps in:
Rupee Cost Averaging: Reduces the impact of market volatility.
Discipline: Encourages regular investing and financial discipline.
Fund Selection Criteria
When selecting funds, consider:
Risk Tolerance: Lower risk tolerance due to age.
Investment Horizon: Likely to be shorter, necessitating stable returns.
Diversification: Balanced exposure across asset classes.
Recommended Funds
1. Balanced Advantage Funds:
Pros: These funds dynamically allocate between equity and debt based on market conditions, providing a balanced approach.
Examples: HDFC Balanced Advantage Fund, ICICI Prudential Balanced Advantage Fund.
2. Large Cap Funds:
Pros: Invest in well-established companies with stable performance, offering moderate growth with lower risk.
Examples: SBI Bluechip Fund, Axis Bluechip Fund.
3. Hybrid Funds:
Pros: Combine equity and debt in a fixed proportion, offering a blend of growth and stability.
Examples: HDFC Hybrid Equity Fund, Mirae Asset Hybrid Equity Fund.
4. Equity Savings Funds:
Pros: These funds invest in equity, debt, and arbitrage opportunities, aiming for steady returns with lower risk.
Examples: ICICI Prudential Equity Savings Fund, SBI Equity Savings Fund.
Professional Advice
Consulting a Certified Financial Planner (CFP) can provide:
Tailored Advice: Based on your specific financial goals and risk profile.
Portfolio Management: Regular monitoring and rebalancing of your investments.
Benefits of Regular Funds through MFD with CFP Credential
Investing through Mutual Fund Distributors (MFD) with CFP credential offers:
Expert Guidance: On fund selection and risk management.
Comprehensive Planning: Ensuring your investments align with your retirement goals.
Final Insights
Starting a SIP of Rs. 15,000 per month in a well-chosen mix of funds can help achieve stable returns with managed risk.
Balanced Advantage Funds: For dynamic allocation.
Large Cap Funds: For stability and moderate growth.
Hybrid Funds: For a blend of equity and debt.
Equity Savings Funds: For steady returns with lower risk.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
