Need thick money even after retirement? These mutual funds can become the biggest strength of your old age!

New Delhi. Everyone has to retire one day or the other. But despite retiring, every human expenses do not take the name of being reduced under any circumstances. On the contrary, if your children are not well set in their life, then many more big expenses can come in front of you. This includes their marriage to marriage with their studies and writing. In such a situation, a strong retirement fund can make your life worry. And in this, mutual funds can help you a lot- just like a trusted friend who works on time.

Why are mutual funds beneficial?
In mutual funds, you can invest according to your age, risk -taking ability and future needs. By putting money at the right time at the right time, you can create a good retirement fund, which will maintain your freedom.

Equity Funds – When retirement is overcome

If you are 30 or 40 years old at this time and there are still 10–20 years left in your retirement, then investing in equity funds can be very intelligent. They have more returns than any funds. Options like large cap, flexi cap and mid/small cap can be beneficial for investors at this age.

Hybrid Funds – to make balance
If your age has reached between 40–50, then hybrid funds can be very helpful for you. These are a mixture of equity and date. There are many types of hybrid funds in the market, which can prove to be helpful in keeping your portfolio balanced.

Date Funds – For safe future

It is necessary to reduce the risk while reaching close to retirement. Then date funds such as liquid, corporate bonds or gilt funds are correct. They give stable and safe returns.

Gold ETF – When there is time for security

Keeping 10–15% gold ETF in portfolio without purchasing physical gold strengthens your investment.

Retirement planning: 5 important things