A father looking for best retirement funds for sons

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

Getty Images
I am looking for the best retirement funds for two sons, aged 29 and 26 years. We want to start a monthly SIP of Rs 2,000. The retirement age is 60 years. Both are employed in the unorganized sector, with a monthly salary of Rs 13,000.
-Bhanumurthy


We are assuming that your sons have a conservative risk profile. They can consider investing in aggressive hybrid schemes or large cap mutual funds to build a retirement corpus. Aggressive hybrid schemes invest 65-80% of their corpus in stocks and 20-35% in debt. Because of the unique mix of equity and debt, these schemes are relatively stable than pure equity schemes that invest all the money in stocks. The debt part of the portfolio cushions the impact of an adverse scenario in the stock market. Large cap schemes that invest in top 100 schemes by market capitalisation is another choice for your sons. These schemes invest in very large companies that are leaders in their respective businesses. They are less volatile (relatively speaking) than other pure equity mutual funds.

JM Large Cap Fund-Growth ★★★★
  • 8.39%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 3.7 YearsTime taken to double money
  • 10.32%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 6.2 YearsTime taken to double money
Best aggressive hybrid schemes

Best large cap mutual funds

Consult a mutual fund advisor near you if you do not understand much about investing in mutual funds. Many new mutual fund investors find it difficult to continue with their investments in an extremely volatile market scenario. A mutual fund advisor would help you clear your doubts and help you to navigate such tough situations in the market.

Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

Top Mutual Funds

3 M(%)
6 M(%)
1 YR(%)
3 YRS(%)

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

Save with Tax planning SIP's

More from our Partners

Loading next story
Text Size:AAA
Success
This article has been saved

*

+