Axis Long Term Equity Fund
Aditya Birla Sun Life Frontline Equity Fund -
BNP Paribas Long Term Equity Fund(Recently started)
UTI Dynamic Bond Fund
DSP Tax Saver Fund
ICICI Prudential All Seasons Bond Fund
Should I continue to invest in these funds or should I stop investing and do an FD? What do you suggest for a period of two years.
--Jehi Jha
Your message is a bit confusing. We are making some assumptions while answering your query. There are two possible scenarios. One, you are not going to earn any income for the next two years, and you may have to use yoru savings of Rs 5 lakh to take care of your living expenses. In that case, you can park Rs 5 lakh in a bank deposit or liquid funds and withdraw the required money every month. You may stop further investments in your current mutual fund schemes and continue to hold them if you can.
Two, if you have your living expenses taken care of and want to invest Rs 5 lakh, you need to ask some basic questions yourself. What are the chances of you getting back to a full time job and start earning a regular income. Would you need the money after two years? Only after clearing these questions, it would be possible to offer a solution to your problem.