Which funds are best for retirees to draw SWP

For retirees, balanced funds could be ideal investment option provided you have an investment horizon of 5 years or more. You can invest a lump sum amount in balanced funds and withdraw a fixed amount on a fixed date every month through SWP mode. During the initial years, you should not draw more than 8-9% annually (around 0.75% monthly) from your invested corpus. For example – If you are investing Rs 10 Lakhs in a balanced fund, you can withdraw Rs 7,500 per month as SWP. However, the withdrawal amount can be increased in future if you find that your investments have appreciated.

Read this to know more about SWP from balanced funds https://www.advisorkhoj.com/articles/Mutual-Funds...

Some of the balanced funds that you can consider investing in, are ICICI Prudential Balanced Fund, HDFC Balanced Fund, DSP BlackRock Balanced Fund and SBI Magnum Balanced Fund.

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