Invest in MF - Q & A Forum

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RAJIB GUPTA asked 8 years ago

Dear Sir, I want to invest in a MF with SIP facility @Rs. 2000 pm. Already I have invested below mentioned MFs.

Aditya Birla SLFrontline Equity Fund - Gr. Direct (Rs. 2000 pm)
Axis LTE Fund - Gr. Direct (Rs. 500 pm)
HDFC Balance Fund - Gr. Direct (Rs. 1000 pm)
SBI Blue Chip Fund - Gr. Direct (Rs. 1000 pm)

Please suggest me the best MFs to invest.

2 Answers

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Sreekanth Staff answered 8 years ago

Hi, May I know your investment objectives and time-frame?? Is Axis LTE for your tax-saving purposes?

RAJIB GUPTA replied 8 years ago

Investment Objective is to accumulate fund for future requirement, minimum time frame 8-10 years or more.

Now I am 39 years old. Salaried Person in a Private Limited company.

You can also suggest me an investment plan for after retirement planning.

Axis LTE is not actually for tax-saving purposes. It’s done only for investment.

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Sreekanth Staff answered 8 years ago

Hi, If Tax-saving is not your objective, you may pick regular Diversified Equity fund like Birla Equity fund / ICICI Value discovery fund etc., Kindly continue with HDFC balanced fund. SBI bluechip fund and Birla Frontline funds are Large cap oriented funds. The portfolio overlap between these funds is around 50%. So, you may retain either of them and can discontinue one fund. You may consider adding one Mid-cap oriented fund to your portfolio. Ex : HDFC Mid-cap opp fund / Franklin Prima / Mirae Emerging bluechip fund etc., Kindly go through below articles : https://www.relakhs.com/retirement-planning-calculator-3-easy-steps/ https://www.relakhs.com/calculate-kids-education-goal-amount/ https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/ https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/