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Which mutual fund is best to meet my regular income needs

Please let me know if I need to make changes in my portfolio. I have retired and currently on a 2 year contract which expires March 2018. I need to get regular monthly income to help tide over my daily expenses. Birla Sun Life Frontline Equity (2.05 L); Birla Sun life Balanced 95 (2 L); Franklin Build India (1.3 L); HDFC Balanced Fund (Div 2.5 L) & (Growth); HDFC Prudence Fund (2.5 L); L&T Business Cycles (74 K); Reliance Growth (1 L); SBI Magnum MIP (1 L) & Tata Balanced Fund (4.5 L). Are these funds good as of today?

Sep 3, 2017 by Janet Fernandes, Pune  |   Mutual Fund

L&T Business Cycles Fund, Reliance Growth Fund are average / below average performers in terms of consistency. Rest of your funds have good track record.

By getting out of average / below average performers, you may plan to allocate more investments in balanced funds as you are retired.

Please see list of top 10 performing balanced funds from here

Hope you find our suggestions helpful

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