Retirement is a potentially long period, and you can consume from your corpus in a periodic manner. So, it’s not like you need to necessarily achieve a target amount on the date of your retirement.
I am 33 years old and want to start building a retirement corpus. Which mutual funds (MFs) should I invest in for this and what should my investment plan be with these?
—Punit Gupta
As a young person, you are well situated to start an aggressive investment plan, with higher allocation to equity, that will result in a handsome retirement corpus. You can continue such a portfolio until you get within 5-7 years of your scheduled retirement and then reallocate to reduce the equity allocation step by step. As of now, funds such as Franklin India Blue Chip, ICICI Prudential Value Discovery fund, and Mirae Asset Emerging Blue Chip fund should be in your portfolio, providing a wide and diversified coverage of the equity market.
