I am a 46 years old male and have Rs. 1,20,000 spare with me every month and i am contemplating to start a SIP for a period of 3 years. My objectives are as below:
(i) Protect my capital investment
(ii) Gain a capital appreciation of at least 10 per cent at the end of 3 years
I would kindly request you Sir to suggest the below:
(a) list of mutual funds with whom i can start a SIP
(b) approximate allocation per month per fund
My risk appetite is moderate.
There is only me and my wife in my family; parents are not really dependent on me.
I have approximately 50000 existing EMI as on date.
Ans: You may consider Rs. 40000 in each of these funds:
- Uti Short Term Income Fund-Growth
- Aditya Birla Sun Life Short Term Fund – Growth
- HDFC Short term fund – Growth