DWQA User Profile vinodkprQuestions(4)Answers(0)Posts(0)CommentsThanks a lot Sreekanth. I work in private sector and mostly in 2025 I will have to retire and depend on passive income after that.On Answer for ABSL Small Cap Fund – Growth (D) – Should I redeem?Dear Sreekanth,Thanks for the quick response. Here are the details.ABSL - Small cap was for a long term investment - next 5 years for retirement.Other investments are (since last 16 months) :L&T Hybrid Equity Fund (G) - Rs.2500 per monthABSL Equity Fund (G) - Rs.2500 per monthICICI Pru. PHD Fund (G) - Rs. 2500 per monthICICI Pru Value Discovery Fund (G) - Rs.2500 per monthNippon India Small Cap Fund (G) - Rs.2500 per monthThe above ones are long term investments ( 5 year horizon) to accumulate money for retirement.ICICI Pru Multi Asset Fund (G) - One time investment of Rs.2 Lakh . This is a rental deposit which I have to return in 2 years time to the tenant.Please let me know your recommendation.Thank You,VinodOn Answer for ABSL Small Cap Fund – Growth (D) – Should I redeem?Thank you Sreekanth. Appreciate your time.On Answer for Personal FinanceThanks Sreekanth for your quick response. I will make the traditional LIC plans as paid up.#2. I am planning for one more term insurance ( LIC) for 50 lakhs for 18 years#3. I have employers health insurance and motor insurance which covers personal accident insurance#4. I took dividend option so that there is a return on a monthly basis. No specific reason#5. My goal is to save 1 Cr at the end of 2028 and repay existing home loans. Objective is to retire from current employment by 53 years . I have a residential land which is worth 62 lakhs, I want advise on (1) whether to repay my existing home loan or (2) partly repay home loan and some part to be invested in MF/equity.Thanks,Vinod KOn Answer for Personal FinanceCrop
