Wish you a Happy New Year!
Need your help for my retirement planning.
I am 39 at present and planning to retire by 65. Present investments:
SIP in various fund : 15K /Month Intended for Child Education, marriage etc.
I have taken Term Insurance & Medical Insurance as well.
No fund allocated for retirement planning as such. Should I go for NPS? I have read your article on NPS where I could understand that it is not the best option. Kindly suggest some fund for SIP for a duration of 15 years only for retirement planning (where return would be more than NPS).
Dear Mr Sharma,
Happy new year to you too!
NPS & Mutual Funds work in the same way.
But, MFs have more flexibility, highly liquid, more transparent and provide wider choice/options.
If ok, kindly provide the Scheme names that you have already invested in…
Presently I am invested in the following funds since 2016:
SBI Bluechip, ICICI Pru Value Discovery, Mirae Asset Emmrg Bluechip, L&T Emmerg Bluechip, Kotak Select Focus, DSP BR Microcap, & Reliance Small Cap.
Please suggest NPS or MF for retirement planning. Kindly suggest some fund for SIP for a duration of 15 years only for retirement planning (where return would be more than NPS).
Dear Mr Sharma,
The listed funds are decent funds.
But investing in too many especially from the same Fund category can be avoided and it may be really beneficial.
Ex : You have three Small cap funds. Kindly check their Portfolios overlap and can continue with one Small cap alone.
You may make additional investments in the same portfolio for long-term.
Also, do have some allocation to Debt securities (EPF/PPF etc) as part of your Asset allocation and diversification strategy.
Kindly read :
Further related readings :
Can you suggest which Small cap fund should I continue among L&t Emmett. Business, Reliance Small cap & DSP BR micro cap?
I have no investment into Debt & Balanced fund. Please suggest one from this category