Which funds do you recommend for long term Investment in mutual funds and how should one get a regular pay out of it if the funds are in Growth?

Question

Accepted Answer

For long-term investment in mutual funds, recommended funds are diversified equity funds and balanced funds. To get regular payouts from growth funds, one can opt for systematic withdrawal plans (SWP).

Recommended funds for long-term investment: diversified equity funds and balanced funds
Diversified equity funds provide exposure to a wide range of stocks, offering potential for higher returns
Balanced funds invest in a mix of equities and debt instruments, providing a balance between growth and stability
To get regular payouts from growth funds, one can opt for systematic withdrawal plans (SWP)
SWP allows investors to withdraw a fixed amount regularly from their growth funds while keeping the remaining investment intact
SWP can be customized based on the desired payout frequency and amount

Accepted Answer

One of the best scheme is HDFC balanced advantage fund and later 9n can have SWP out of it for a regular pay

Which funds do you recommend for long term Investment in mutual funds and how should one get a regular pay out of it if the funds are in Growth?

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