I have 1.5 lakhs in PF account. Is it a wise decision to withdraw that amount and invest in MFs for 15 years for my retirement. In which funds can I invest that amount and via which mode either by lump sum or STP, which will be better?
3 Answers
Hi,
Are you referring to PPF or EPF account?
Kindly read :
https://www.relakhs.com/retirement-planning-calculator-3-easy-steps/
https://www.relakhs.com/sip-systematic-investment-plan/
https://www.relakhs.com/best-mutual-fund-schemes-2017/
General PF which is compulsory deducted from salary
Hi,
Kindly note that balance in GPF a/c can be withdrawn only for certain purposes.
Kindly read :
https://www.relakhs.com/gpf-withdrawal-options-latest-rules/
In case, if you have disposable income (which can be invested), you may continue with your GPF, and start investing your savings in Equity mutual funds on SIP basis, every month.
Thank you so much. I have one more doubt. Is it good to invest lumpsum in liquid fund and start STP from next month and complete in one year in diversified fund.
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