Hello Sreekanth,
How are you doing?
This query is for my wife portfolio.
She is currently invested in
Franklin prima fund
And
ABSL TAX saving fund
As she already having mid cap and elss(diversify) fund. Will you suggest for large cap fund to her?
Objective long term for wealth creation.
For large cap earlier identified kotak select focus fund but now looks like this fund is more a multicap fund type.
Which fund you will suggest?
Also for elss now absl tax saving merge to absl 96 fund? Have gone thru your latest ELSS article.
Should continue in ABSL tax saving fund for this year elss or now go to tax ABSL 96 fund for this year elss?
Thanks,
Anuj
1 Answers
Hi,
If you have existing investments in ABSL tax savings funds then you will get units of Birla Tax relief 96 fund, in case you are ok to the merger.
Suggest you to remain invested in Tax relief fund.
Franklin Prima fund is a good one. As of now, suggest her to remain invested in these two funds and can consider adding an equity balanced fund instead of a large cap fund.
She may add a balanced fund after looking at the available balanced funds after May 2018.
Related articles :
https://www.relakhs.com/mutual-fund-schemes-categorization-latest-guidelines/
https://www.relakhs.com/best-mutual-fund-schemes-sebi-norms/
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