I am retired and will be getting pension of about Rs. 50000 per month I would like to invest Rs. 30,00,000 in MFs to
a) Protect and grow the capital
b) Generate regular income
c) Save tax
Kindly suggest MFs in which I can invest.
Ans: Sir, if all 3 is must than 3 different portfolio needs to be constructed.
a) Short term Debt funds with SWP
b) Hybrid with SWP
c) ELSS -- This will have a lock-in of 3 years.