Hi Sreekanth,
I go through most of your articles, your style is crisp and simple for my requirement. Please keep up this style.
I want to invest between 5 to 10 lakhs Now, for retirement purposes. I am a homemaker and my husband is 55 yrs old. I know you are not a great fan of NPS (no we do not have to compulsorily invest in NPS). Secondly, you do say do not make a lump sum investment in one go. Though I am not complaining, market is not calming down, the days it does, i am unable to catch it.
As my horizon is 1 to 3 yrs can I just go ahead and enter in L&T Prudence (1 Lakh), BSL Balanced '95 Fund (1 Lakh). I already hold HDFC Balanced.
Also will I be better served to enter into MIPs in Growth option say BSL MIP II Wealth 25, ICICI Pru MIP25 or HDFC MIP Long term.
1 Answers
Best Answer
Hi,
Thank you for following my blog posts!
If one has a long investment horizon, it does make sense and is ok to have a mix of SIPs + lump sum (additional) investments as an ideal investment strategy.
Kindly read :
https://www.relakhs.com/sip-systematic-investment-plan/
As your investment time-frame is around 1 to 3 years, advisable not to consider equity oriented balanced funds.
It makes sense to consider MIP Funds instead.
Kindly read :
https://www.relakhs.com/best-monthly-income-plans-india-mutual-funds/
https://www.relakhs.com/best-arbitrage-funds-returns/
https://www.relakhs.com/list-of-best-investment-options-schemes-in-india/
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