I am from Nashik. Now I am 52. I will be getting an amount of Rs. 2 lakhs in next month from my maturing post office savings. Please suggest good MFs to invest lumpsum to get good regular monthly income. Are the funds good & should I hold or change? Please suggest.
I am already investing Rs.17000/- pm in:
1. Axis Focused 25 Fund - Gr - 4000/-
2. Kotak Standard Multicap Fund - Gr - 5000/-
3. Principal Emerging Bluechip Fund - Gr - 8000/-
Ans: Please continue with the existing funds and as far as Lumpsum of Rs. 2 lakhs are concerned, below fund can be considered:
- HDFC Banking and PSU Fund -- Growth
- ICICI Corporate bond Fund -- Growth
- Union Balanced Advantage Fund -- Growth
- Aditya Birla Corporate Bond Fund -- Growth
Depending upon your requirement you may set up SWP, however that should be not more than 7% to 7.5% of the corpus.