Hope you're doing fine. I am 45, currently working and plan to retire in future once I have monthly income of 75000 per month. I am currently running following MFs and wish to know whether I should continue and for how long to invest so as to achieve my monthly income of 75000. Also, which MFs to redeem in case of any emergency? Kindly suggest.
HDFC Hybrid Equity Fund - Growth 5000 Per Month Last 8 Years
HDFC Mid-Cap Opportunities Fund - Growth 5000 Per Month Last 3 Years
SBI Equity Hybrid Fund Growth 5000 Per Month Last 8 Years
SBI Small Cap Fund Growth 10000 Per Month Last 3 Years
AXIS Bluechip Fund Growth 20000 Per Month Last 5 Years
Mirae Asset Emerging Bluechip Fund- Plan Growth 10000 Per Month Last 2 Years
AXIS Bluechip Fund Growth 6 Lacs Lump sum Last 2 Years
ICICI Prudential Bluechip Fund - Growth 6.5 Lacs Lump sum Last Years
Ans: For monthly income of Rs. 75000 a corpus of Rs. 1.2 crs is required.
For emergency start investment into short term debt / liquid fund so that it can be liquidated at short notice with lower risk!
The funds are good, please continue!