I am 60 years old and have just retired. I wish to start a SWP and invest Rs 10 lakh lump sum for 5-6 years. Please suggest a suitable fund where I can park this money.
Manoj Reddy, Secunderabad
Assuming you are looking to use the Rs 10 lakh for some form of regular income only for the next 5-6 years, and have provisioned for other retirement savings to take care of your income streams in retirement, you can initiate an STP in any good performing fund from out Stellar List of funds such as SBI Bluechip or Kotak Select Focus fund among others. All these funds have a proven track record and history that make them suitable to invest in for the long run.
