Hello Again,
I am currently investing thru SIP in 3 MF schemes, Small&Mid Cap L&T Emerging Businesses Fund, ELSS Axis Long term Equity and Large Cap Kotak Select Focus all Direct Growth Plans.
I intend to increase my monthly investment by 7k to 10k thru SIP.
Investment horizon is 5yrs+ at moderately high risk appetite.
I m looking at a diversified equity fund. Would this be a financially wise choice ? or shall I just increase my current SIP installment amount in existing MF.
Many Thanks.
Animesh
1 Answers
Dear Animesh,
You may make additional investments in your existing schemes itself.
If your investment horizon is around 5 years, you may have higher allocation to Large cap fund (Kotak) & Axis LTE (for tax savings as well, if required).
Related articles :
https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/
https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
https://www.relakhs.com/200-day-moving-average-dma-mutual-funds/
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