I have Rs 25000/- for SIP.SIP may be 2 or 3 nos.I am planning to accumulate fund of 13.5 lac to 14 lac. over 4 years. I think HDFC balanced & ICICI prudential balanced fund should be ok for 4 years SIP.
Pl. suggest as Equity funds are considered suitable for more than 5 years of investment.
Also As per SEBI ,AMC houses has to Re structure – such that ,they will have only one fund of each type.I understand that It is likely to implement during this month only.
Should I wait till Re structuring take places ? After Re structuring, it may happen that fund objective/performance may change or affect.
1 Answers
Hi,
Yes, SEBI has proposed new categorization rules, not sure about the time-line for implementation.
Both the mentioned funds are good ones and suggest you to kindly go ahead with your investment plan.
Related articles :
https://www.relakhs.com/mutual-fund-schemes-categorization-latest-guidelines/
https://www.relakhs.com/best-balanced-mutual-fund-schemes-review/
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