Should I invest in 12 mutual funds to build retirement corpus over 20 years? indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Should I invest more in technology or infrastructure fund?
SECTIONS
Last Updated: Apr 28, 2021, 11:39 AM IST
Share
Synopsis
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
Getty Images
I am currently investing in following mutual fund SIPs from given time periods: DSP Tax Saver Fund 5% of my monthly investment (3 years), Axis Long Term Equity Fund 10% (2 years), Kotak Flexicap Fund 10% (18 months), Mirae Asset Emerging Bluechip Fund 25% (18 months) ICICI Prudential US Bluechip Equity Fund 10% (10 month), Axis Bluechip Fund 20% (7 month), SBI Small Cap Fund 10% (2 month), L&T Emerging Businesses Fund 5% (3 years), and Nippon India Small Cap Fund 5% (1 year). I want to increase my investment. My timeframe is 20 years. In which fund should I increase my investment or some new fund needs to be added or some fund needs to be stopped.
Fund query: How to use SWPs for post-retirement expenses
×
I am an NRI and have accumulated ₹1.5 crore through SIPs over the last 10 years. I am 61 years old and plan to settle in India after I retire, one year from now. I hold ICICI Prudential Equity & Debt, Invesco India Contra Fund, Tata Multicap, ICICI Prudential Balanced Advantage and Mirae Asset Emerging Bluechip. If I were to use a Systematic Withdrawal Plan (SWP) from these funds to generate an income of ₹30,000 a month, do I need to change my mix of funds? Do I need to keep more in debt funds as the market is volatile? Should I do SWPs from one fund or many? I would also like my income to grow 6 per cent a year. What are the tax implications?