Can I invest my retirement money in HDFC Balanced Advantage Fund?

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Can I invest my retirement money in HDFC Balanced Advantage Fund for better returns? Is it safe to put retirement money in it?
- Rajeev Saxena

You have not shared any personal or financial details with us. So, it is not possible to offer a personalised advice to you.

One, do you have a pension or income to take care of your living expenses after retirement? If yes, you may consider investing your retirement corpus in equity mutual funds. However, you should choose the scheme based on your investment horizon and risk profile. Typically, mutual fund advisors and financial planners ask retired investors to stick to large cap and multi cap mutual fund schemes.
JM Large Cap Fund-Growth ★★★★
  • 8.01%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 3.7 YearsTime taken to double money
  • -0.98%Annualized Return for 6 month
  • 3 - 6 monthsSuggested Investment Horizon
  • 5.1 YearsTime taken to double money

If you are looking for a regular income after your retirement to take care of your living expenses, you should invest the money in a government-sponsored scheme like Senior Citizen Savings Scheme that offers assured returns. You may also consider investing in post office monthly income plan. If you still have money left, you may consider investing in a liquid or ultra short duration fund and use the Systematic Withdrawal Plan or SWP to withdraw a fixed sum regularly to supplement your income. Please make sure you only withdraw your returns to keep the capital intact.

HDFC Balanced Advantage Fund is a scheme in the balanced advantage or dynamic asset allocation category that manages its portfolio dynamically based on the market conditions. However, you should keep in mind that the equity investment in the portfolio can go up if the market conditions are favourable. So, invest in these schemes only if you are ready to take risk of investing in stocks. Remember, these are equity schemes that might offer you a good downside protection. Do not overlook the risk in them.
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