Lumpsum Investment options for long term

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dshanker98 asked 5 years ago

I want to invest 15 lakh to beat inflation and 10 yrs horizon, plz advice, where to invest and its tax implications.

3 Answers

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Sreekanth Staff answered 5 years ago

Hi, May I know if you have any investments currently held??

dshanker98 replied 5 years ago

I have investment in following mf
HDFC tax saver 50k
SBI magnum Low duration fund 2L
Nipon multi cap 2k
Axis blue chip 10k
Tata digital india fund 20k
HDFC hybrid equity fund 40k
HDFC midcap equity opportunity 4.9L
Aditya birla low duration fund 2L
Tata hybrid equity fund 42k
Nippon india tax saver 36k
All funds are lumpsum and direct.
My monthly earning is 1lac, horizon is 10 yrs.age 43yrs,.insurance 1cr, mediclaim 50L.
Your advice for me and required changes in my portfolio.
Where to invest some 15lac to beat inflation and tax implications.
Plz advice.in detail, _/\_

dshanker98 replied 5 years ago

I request Plz advice,

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Sreekanth Staff answered 5 years ago

Hi, May I know your investment objective for picking some Debt funds? Are you planning to claim Tax deduction from ELSS funds in this FY 2020-21 (AY 2021-22) as well??

ds2sri replied 5 years ago

No, no any planning to claim tax, its just following of advice by a novice. Plz tell any mistake i have committed.??

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Sreekanth Staff answered 5 years ago

Hi, You may trim your portfolio to 2 to 4 funds. Can build a core equity portfolio for long term wealth accumulation. My suggestions out of the mentioned schemes are :

Axis blue chip
HDFC hybrid equity fund
HDFC midcap equity opportunity
Tata hybrid equity fund

Keep reviewing your portfolio, re-balance (equity : debt) allocation whenever it is needed. Kindly follow a goal based investment planning. Related article : Investment Planning – How to create a solid investment plan?