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How can I get a monthly income of Rs 5,000 from mutual funds?

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How can I get a monthly income of Rs 5,000 from mutual funds?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

I am an 24 years old with a monthly salary of Rs 30,000. I am a moderate risk taker. I have started two SIPs, of Rs 1,500 each in Axis Bluechip Fund and Mirae Asset India Fund. I plan to stay invested over a period of 10+ years. I also make monthly investments of Rs 1,000 each in PPF and Kotal NV20 ETF and Rs 3,000 in LIC.

Please suggest me two more SIPs of Rs 1,000 each.

Also could you suggest me some investments that would earn me some quarterly income(around Rs 5,000 quarterly).

Veena Malgonkar, certified financial planner, KM Wealth Solutions, responds:

I would really like to congratulate you on investing 30 per cent of your income. If you continue this way by the time you are 50 years only you are bound to be financially free where you will have choices.

Currently, you are investing in a large cap fund and a multicap fund. You can add a large and midcap and also a pure midcap fund. Hence I suggest Sundaram Large & Midcap Fund and also HDFC Mid-Cap Opportunities Fund.

If you wish to get aN inflow of about Rs 5,000 per month, you would need to invest at least Rs 7.5 lakh. For this maintain an asset allocation of 70 per cent debt and 30 per cent equity.

1. Frankin India Liquid fund Rs 1,25,000 – from where you can do a systematic withdrawal (SWP) of Rs 5,000 per month

2. Franklin India Credit Risk fund (G) Rs 2 lakh

1. ICICI Prudential Bluechip Fund Rs 75,000 – Large cap fund

2. Motilal Oswal Multicap 35 Fund Rs 75,000 – Multi cap fund

Planning to invest in mutual funds to build a retirement corpus? Here is what you should know.

(If you have any mutual fund queries, message us onET Mutual Fundson Facebook. We will get it answered by our panel of experts.)

(%)Mirae Asset Tax Saver Direct-G-5.003.174.021.7720.05Invest NowMirae Asset Tax Saver Reg-G-5.172.713.090.3218.42Invest NowMotilal Oswal Long Term Equity Fund Direct-Growth

ELSS-4.743.651.81-9.5514.92Invest NowFeatured

ELSS-4.635.945.62-1.1513.78Start SIPMotilal Oswal Focused 25 Fund Direct-Growth

Large Cap-3.454.695.16-2.9412.69Invest NowDHFL Pramerica Gilt Direct Plan – Growth

Gilt1.122.145.748.937.46Invest NowDSP Midcap Direct Plan-Growth

Mid Cap-5.044.772.46-8.8312.74Start SIPDHFL Pramerica Hybrid Debt Fund Direct Plan-Growth

Conservative Hybrid-0.632.145.187.238.88Invest NowDSP Focus Direct Plan-Growth

Multi Cap-4.694.744.18-3.279.84Start SIPMotilal Oswal Multicap 35 Fund Direct-Growth

Multi Cap-3.683.504.04-6.5313.68Invest NowMotilal Oswal Midcap 30 Fund Direct-Growth

Mid Cap-4.114.353.78-5.897.54Invest NowDHFL Pramerica Large Cap Fund Direct Plan-Growth

Large Cap-3.523.026.160.3711.54Invest NowDSP Small Cap Direct Plan-Growth

Small Cap-5.836.50-1.28-18.856.64Start SIPDSP Equity Opportunities Direct Plan-Growth

Large & MidCap-5.594.322.64-5.1013.39Start SIPDSP Credit Risk Direct Plan-Growth

Credit Risk-0.261.37-0.58-1.134.89Start SIPMotilal Oswal Long Term Equity Fund Direct-Growth

ELSS-4.743.651.81-9.5514.92Invest NowDSP Tax Saver Direct Plan-Growth

ELSS-4.635.945.62-1.1513.78Start SIPDSP Liquidity Direct-Growth

Liquid0.591.773.687.607.21Start SIPICICI Prudential Savings Fund Direct Plan -Growth

Low Duration0.481.964.278.177.86Invest NowDSP Savings Direct Plan-Growth

Money Market0.471.954.088.166.92Start SIPDSP Strategic Bond Direct Plan-Growth

Dynamic Bond-1.040.664.047.786.53Start SIPDSP 10Y G-Sec Fund Direct-Growth

Gilt with 10 year Constant Duration0.741.305.048.757.04Start SIPDSP Bond Direct-Growth

Medium Duration0.221.913.455.467.35Start SIPDSP Short Term Direct Plan-Growth

Short Duration0.301.764.528.127.48Start SIPDSP Ultra Short Fund Direct Plan-Growth

Ultra Short Duration0.551.883.046.276.96Start SIPDSP Equity Savings Fund Direct-Growth

Equity Savings-1.424.093.731.308.32Start SIPDSP Dynamic Asset Allocation Fund Direct-Growth

Dynamic Asset Allocation0.342.424.626.769.19Start SIPDSP Regular Savings Direct Plan-Growth

Conservative Hybrid-1.133.221.91-2.006.40Start SIPDSP Equity & Bond Direct-Growth

Aggressive Hybrid-3.374.845.33-0.1911.34Start SIP

– Returns less then 1 year are absolute and above 1 year are annualised.

– Returns of 1 year are absolute and above 1 year are annualised..

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