I am a retired serviceman and I am looking forward to invest part of my provident proceeds in mutual funds. What type of schemes is available with a medium risk profile
– Suraj T
It is heartening to note your decision to invest part of your provident proceeds in mutual funds. We are suggesting you a portfolio that will help you address capital protection, wealth creation and also provide for income. This is achieved with equity exposure through a balanced fund and two monthly income plans (MIPs) which will provide the growth that the portfolio needs and the MIPs will help in generating some sort of income by way of dividends.