A father looking for best retirement funds for sons
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We are assuming that your sons have a conservative risk profile. They can consider investing in aggressive hybrid schemes or large cap mutual funds to build a retirement corpus. Aggressive hybrid schemes invest 65-80% of their corpus in stocks and 20-35% in debt. Because of the unique mix of equity and debt, these schemes are relatively stable than pure equity schemes that invest all the money in stocks. The debt part of the portfolio cushions the impact of an adverse scenario in the stock market. Large cap schemes that invest in top 100 schemes by market capitalisation is another choice for your sons. These schemes invest in very large companies that are leaders in their respective businesses. They are less volatile (relatively speaking) than other pure equity mutual funds.
Best aggressive hybrid schemes
Best large cap mutual funds
Consult a mutual fund advisor near you if you do not understand much about investing in mutual funds. Many new mutual fund investors find it difficult to continue with their investments in an extremely volatile market scenario. A mutual fund advisor would help you clear your doubts and help you to navigate such tough situations in the market.