From Bedtime Stories to Finance Talks

A father is a guiding light, our support system, and the

one who gets hurt more than us when we are troubled. He is our go-to for everything – the motivator and ensurer that we give our best always.

We enjoyed a fun and carefree childhood owing to the efforts of our parents who ensured our needs and wants are taken care of. As we see our parents age and approach retirement, we realize it is essential we make sure they enjoy the same standard of living as they did pre-retirement.

Consider a discussion around Personal Finance between a Father-Daughter duo.

For Illustration:

Let us consider you had invested in the HDFC Balanced Advantage Fund for a 20-year period, the CAGR is 16.91%^. You may choose a fund that is appropriate for your Investment Needs, Risk Appetite, Financial Goals, and Investment Horizon.

A Systematic Withdrawal Plan can be opted for, whereby you can receive regular amounts at predetermined intervals from your investment in the mutual fund scheme. You can consider investing in the HDFC Balanced Advantage Fund via the SWAP option (Systematic Withdrawal Plan). The withdrawal amount can be set by you. The funds obtained from an SWP can take care of your needs in your retirement.

(For details, read our Weekend Bytes on – How retirees can aim to create their own pension with Systematic Withdrawal Plan (SWP)?)