My age is 25 years. Want to start a sip for retirement after 30 years. Suggest one mutual fund for retirement. Is index fund will be a good choice?
Sandy-Any specific reason for only ONE Fund and also looking at INDEX Fund?
Nothing. But I want maximum 2 or3 funds.index fund because. In long term they give good returns
Sandy-If you want only one fund then use large cap. But I feel you must have small and mid cap too if your goal is long term. At the same time, it is important to have a right combination of debt:equity at around 30:70. Index funds are good only when index is properly constructed. There are may flaws in Index itself. Hence, better to have a well-diversified portfolio.
I hv already sip in sbi blue chip hdfc midcap n hdfc balance fund for chid education for 15 years.suggest for retirement after 30 years n also some debt funds for 5 to 6 years to accumulate. 4 to 5 lacs
I don’t think it is great to have different funds for each goals. Continue in same funds for your retirement goal too.