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Q.

I have Rs14 lacs to invest and need an income of Rs 2 lacs(approx) per annum starting from 2011. Can you recommend which MF schemes I should invest in and in what proportion should i invest. My risk apetite is medium and estimated duration of investment 15 years. my age 40yrs.

13 Feb '10 12:38 am
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Answers (1)

1.

No mutual fund can give you such a return and that too in a year's time. Best option is to go for MIPs - Birla Sunlife MIP II savings 5 , HDFC MIP Long Term , Reliance MIP. You can expect approximately a 10 -12% return over a period of 3 years . No mutual fund can give guaranteed returns. MIPs have less investment in equity - so are less risky. Over the long term equity funds can give you such returns . If you want guaranteed returns - go for post office MIP - you will get 8% guaranteed but taxable.
Answered by RANJAN KARNAD, 13 Feb '10 07:08 am

 
  
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