Hello Sreekanth,
My congratulations to you for hosting such an informative portal and answering in language and terminology that common man understands.
My query is on Choosing the Right fund for myself (33 years Old).
I am currently investing in :
Monthly SIP 5000 in ELSS Axis Long term Equity Direct (G) for Tax Purposes, and
MOnthly SIP 10000 DSP BlackRock Micro Cap Fund - Direct Plan (G)
I intend to invest more (20000/month) thru SIP, investment horizon of 5years.
I am confused between Mid Cap and Large cap funds. I have identified two, kindly advise which of these will be better or if you can suggest me some other better Fund.
Escorts Leading Sectors- Direct (G)
Franklin (I) Smaller Companies- Direct (G)
Many Thanks
Animesh
3 Answers
Hi,
Thank you for your appreciation!
Do you need this money after 5 years?
Hi,
I am not very sure of immediate need of these fund after 5 years, if the fund registers good returns I am willing to stay invested for period beyond 5 years.
Please advise
Thanks
Animesh
Hi,
So, what if the fund(s) does not offer good returns? Ideally the investments should be linked to your goals and objectives.
You have one ELSS (can be treated as Multicap) and one Small cap fund. So, you may consider adding one Equity oriented balanced fund to your portfolio, in case you are not sure about the time-frame.
Kindly read:
Best Balanced funds.
Best Equity funds.
Hi, working forward on the insight provided by you, I have decided to invest 10K Monthly SIP in Large Cap Escorts Leading Sectors and 10K Monthly SIP in Franklin (I) Balanced fund with a horizon of 5 years.
I have used the tool (suggest by you) to check the overlap ratio, and these two funds have a ratio of 14%.
Am I on the right path????
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