Which fund should we do SWP for regular income for my parents

Glad to hear that you want to opt for SWP route for providing regular income to your parents. Based on your request, we are suggesting some scheme names from balanced and large cap category. However, keep in mid that your investment horizon should be minimum 5 years as you are investing in balanced and/ or equity funds.

ICICI Prudential Balanced Fund

HDFC Balanced Fund

SBI Magnum Balanced Fund

SBI Bluechip Fund

Birla Sun Life Frontline Equity Fund

Kotak Select Focus Fund

For investing Rs 5 Lakhs, you can choose any 2-3 funds from the above and invest.

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