I am 63+ have following MF investments. Please advise which fund I should continue which one I should switch over to other funds. Going by the trend in last 33 months, I don’t find any encouraging result, will you guide me please?
1. L&T Emerging business fund growth Rs.1,000/- SIP - Money has not appreciated at all
2. Baroda Pioneer Credit risk fund Growth Rs.4 lakh
3. L&T Credit risk Fund Growth Rs.3 lakh
4. ICICI Pru Balanced Advantage Fund Growth Rs.3 lakh
5. ICICI Pru Equity & Debut fund Growth Rs.1 lakh
As I am 63+ I want to get return of approx 0.60% SWP/month. Please enlighten which fund will be suitable for me.
Name of the Fund | Category | RankMF Star Rating |
Prabhat Banerjee | | |
1. L&T Emerging business fund growth | Equity - Small Cap Fund: | 1 |
2. Baroda Pioneer Credit risk fund Growth | Debt - Credit Risk Fund | 2 |
3. L&T Credit risk Fund Growth | Debt - Credit Risk Fund | 2 |
4. ICICI Pru Balanced Advantage Fund Growth | Hybrid - Balanced Advantage | 5 |
5. ICICI Pru Equity & Debt fund Growth | Hybrid - Aggressive Hybrid Fund | 3 |
Ans: Equity - Small Cap Fund & Debt - Credit Risk Fund are high-risk categories.
Hybrid - Balanced Advantage are under:
- ICICI Prudential Balanced Advantage Fund - Growth
- Nippon India Balanced Advantage Fund - Growth