Can you suggest few ideal mutual funds for SWP

As you are retired senior citizen but have high risk profile, you can invest in balanced funds.

You may invest the amount of Rs 500,000 in 2 two balanced funds and start withdrawing a fixed amount on a fixed date every month through SWP.

We suggest that you can withdraw maximum Rs 3,750 (annual 9%) during the first few years and see how is the overall return of the funds that you have invested. If you get good appreciation even after your monthly withdrawals you can increase the monthly SWP amount after a year or so.

Few of the good funds from this category are - ICICI Prudential Balanced Fund, SBI Magnum Balanced Fund, DSP BlackRock Balanced fund and HDFC Balanced Fund.

Please also know more about balanced funds and SWPs from the below links -

https://www.advisorkhoj.com/articles/Mutual-Funds...

https://www.advisorkhoj.com/mutual-funds...

Hope you find the above useful. Thanks for writing to Advisorkhoj.