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Head, Rank MF - Answered on Jun 08, 2021

Asked on - Jun 08, 2021Hindi

I have the following question.

I am just retired from Private Sector (no pension), with PF amount with me (around Rs 80 Lac). Please suggest how to invest the same so that I get some monthly amount to run my family. Also, let me know if any MF is there where I get regular return.

Ans: Invest Rs. 20 lakhs each in below 4 funds and do a SWP of not more than 7.5% of the corpus i.e. upto Rs. 50000 per month i.e Rs. 12500 from each of the 4 funds

HDFC banking and PSU Fund – Growth
ICICI Pru Corporate bond Fund – Growth
Edelweiss Balanced Advantage Fund – Growth
Union Balanced Advantage Fund – Growth

(more)

Money

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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