Happy Navaratri greetings dear Sreekanth.
I am 55 years old and among my existing mutual fund investments, I have Rs. 9 lakhs invested in HDFC MIP-LTP QD.
Kindly advise me if I should hold this investment or switch to some other fund, and if so which would be the alternate fund.
Regards
5 Answers
Dear Sir,
May I know your investment objective? Are you looking for regular, periodic and fixed income?
What's your time-frame?
Suggested readings :
https://www.relakhs.com/best-monthly-income-plans-india-mutual-funds/
https://www.relakhs.com/lump-sum-investment-options-retirees/
Dear Sreekanth,
Investment objective is Retirement funding
Looking for periodic returns
Time frame is 5 years from now
Regards
Dear Sir,
If you can afford to take moderate risk, you may switch to Birla MIP Wealth 25 plan, which has been more consistent that HDFC MIP fund.
Do watch out for tax implications.
For periodic withdrawals, SWP can be a better option (Kindly read my MIP related article)
Suggested readings :
https://www.relakhs.com/mutual-funds-taxation-rules-capital-gains-tax-rates-on-mfs-fy-201516/
Dear Sreekanth,
Thanks for your suggestion. However, I already have investment of 5.50lakhs in BSL MIP II Wealth 25 Plan (made this investment a year ago with your kind advice)
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