How to get regular return from my mutual fund investments

I have inheritance funds of about 75 lakes. I am 67 yrs old. I would like to get tax free annual returns of about 2.5 - 3.0 lacs from MFs, 25 lacs in ICICI Pru ALCHEMY PMS, & Balance in Growth Equity Funds across recommended categories like Diversified, Balanced, Large Cap, Mid & Small Cap - with a 5-yr or more tenure. Please give your recommendations and comments as soon as possible. Please treat me as a moderately aggressive investor?

Aug 24, 2017 by NS Rao, Bangalore  |   Mutual Fund

Being a moderately aggressive investor, you can invest in balanced funds and receive a fixed amount by way of monthly SWP.

To receive say Rs 25,000 a month you should invest around Rs 40 Lakhs in balanced funds and draw the fixed amount monthly through SWP. We will not suggest you to invest in large cap, mid cap or diversified equity funds considering your risk appetite.

Some of the top performing balanced funds are - ICICI Prudential Balanced Fund, SBI Magnum Balanced Fund, DSP BlackRock Balanced Fund and HDFC Balanced Fund.

Hope the able helps ! Thanks for writing to Advisorkhoj !!

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