SIR,
I HAVE STARTED TWO SIP UNDER UTI MF 1)UTI MNC @ RS.2500, 2) UTI MID CAP @RS.1000 FROM APRIL,2016. I HAVE ALSO A PPF @RS. 4000 P.M. AND I HAVE INVESTED RS.130000 IN UTI FLOATING FUND. I AM A PRIVATE BANK EMPLOYEE AND MY FRIENDS ARE TELLING ME THAT OTHER AMC CAN GIVE ME BETTER RETURN THAN UTI.
NOW I AM CONFUSED. SIR PLEASE ASSIST ME SHOULD I STAY WITH UTI OR REDEEM THE FUNDS AND START WITH OTHER AMC? OR SWITCH TO OTHER FUNDS IN UTI WHICH CAN GIVE ME A BETTER RETURN?
3 Answers
Sir,
I want to invest in these two sip for 25 to 30 years and the lump sum amount for 3 to 4 years.
Hi,
You may stay invested in the Two Equity funds.
UTI Floating rate fund is an Ultra-Short Term fund, you may expect returns of around 8 to 9% in next 2 to 3 years.
Kindly read:
http://www.relakhs.com/debt-funds-types-benefits-risk-vs-return/
http://www.relakhs.com/best-debt-mutual-funds-india-top-debt-funds/
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