Need advice & suggestion on Retirement

Q & A Forum › Category: Retirement Planning › Need advice & suggestion on Retirement

gsvinoth asked 9 years ago

Hi Srikanth, I am 33 years old. I want to plan for my retirement. I will be working till my age of 50. I can invest Rs 4k to 5k per month. Can you advise me to pick right mutual fund (retirement fund) ? Kindly advise. Thanks and regards, Vinoth GS

3 Answers

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Sreekanth Staff answered 9 years ago

Dear Vinoth, Suggest you consider investing in regular equity oriented funds instead of Retirement specific funds. Kindly go through below articles ; https://www.relakhs.com/hdfc-retirement-savings-fund-features-review/ https://www.relakhs.com/reliance-retirement-fund-equity-oriented-pension-scheme/ https://www.relakhs.com/retirement-planning-calculator-3-easy-steps/ Have you currently invested in any mutual fund scheme(s)?

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Sreekanth Staff answered 9 years ago

Dear Vinoth, You may continue with same MF schemes for your retirement goal as well. If possible, you may add one Mid/Small cap fund to your portfolio (towards retirement goal). Suggested readings : https://www.relakhs.com/best-mutual-fund-schemes-2017/ https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/ https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/

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Sreekanth Staff answered 9 years ago

Dear Vinoth, You may consider a mid-cap fund like HDFC Mid-cap opportunities fund or Franklin Prima fund. In Small cap category : You may consider Franklin Smaller companies fund.