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SBI Balanced Advantage Fund, launched on August 11, seeks to generate long-term appreciation by aiming to capture the potential upside and limit the downside in volatile equity markets
You can invest in the SBI Balanced Advantage Fund from 12 August to 25 August if you want to invest in the New Fund Offer period.
Investors with low equity exposure can look at hybrid funds for higher returns Equity savings funds typically invest 10-25% of their portfolios in equity with the balance in debt and arbitrage given investors the benefit of equity taxation. Synopsis Financial planners advise allocating 20% of portfolio to a mix of equity savings, balanced advantage and aggressive hybrid schemes Mumbai: Dwindling returns from high-quality fixed income funds are making many conservative investors add equity to their portfolios through allocation to hybrid funds. Financial planners believe investors with a risk...
With markets continuing to see-saw, here are four MFs you can count on, to tide over the volatility
Fund query: How to use SWPs for post-retirement expenses × I am an NRI and have accumulated ₹1.5 crore through SIPs over the last 10 years. I am 61 years old and plan to settle in India after I retire, one year from now. I hold ICICI Prudential Equity & Debt, Invesco India Contra Fund, Tata Multicap, ICICI Prudential Balanced Advantage and Mirae Asset Emerging Bluechip. If I were to use a Systematic Withdrawal Plan (SWP) from these funds to generate an income of ₹30,000 a month, do I need to change my mix of funds? Do I need to keep more in debt funds as the market is volatile? Should I ...