Purpose: Substitute for a debt oriented fund for short term and lower risk.
Ideal Investment duration: 2 to 4 years
Rationale: Better than a debt-oriented hybrid fund because:
1. 50% portion of the equity-oriented hybrid fund (balanced fund) is better from tax implication perspective. Balanced funds are treated as equity funds when it comes to tax, that is, zero tax after one-year investment. HDFC Balanced Fund is one of the best funds in the category.
2. Remaining 50% is an ultra short debt fund where fund manager has expertise in debt funds. Franklin India Low Duration Fund is one of the best funds in the category.
|Min SIP Amount||₹2000|
|Min Lumpsum Amount||₹20000|
|Created||17 Jun 2017|
2nd Floor, Padmavati Complex,
Koramangala, Bengaluru 560095