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Please suggest if my selection of debt funds is right or not

I have selected two debt funds, Birla Sunlife Dynamic Bond Fund - G for 3 years and ICICI pru Monthly Income Plan for 5 years period for an investment of Rs. 5 lakhs each. Please suggest whether my selections are correct or not?

Aug 11, 2016 by Basudev, Barbil  |   Mutual Fund

Your fund selection is fine and also the time horizon that you have for both the funds.

However, please note that ICICI Prudential Monthly Income Plan is not a pure Debt Fund. It is a Hybrid Debt Oriented Conservative Fund, wherein the fund manager can also invest upto 15% in equities. Having a small portion of equity in a hybrid funds helps investor get a little more return than debt funds. Since your investment horizon is 5 years for this fund, you may go ahead with your choice.

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