I have invested in following Mutual Funds each 2000 monthly mostly from year 2014 end. I am planning to invest for another 2 to 3k in mutual fund this year. Do i need to go for a new fund, if so in which category i should invest. and reuse the existing funds? And for tax saving is two elss fund enough.
Please advise on this. Thanks
l&t midcap growth
Axis Long Term Equity Fund - Growth
DSP BlackRock Tax Saver Fund - Reg - G
Tata Balanced Fund Regular Plan - Growth
Tata Equity Opportunities Fund Regular Plan - Growth
ICICI Prudential Value Discovery Fund - Growth
1 Answers
Hi,
Kindly check the portfolios overlap of these funds.
At first impression, except L&T & TATA balanced funds, the other four funds have multi-cap orientation.
But these funds are decent performers over the last few years.
Kindly read:
https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/
https://www.relakhs.com/best-mutual-fund-schemes-2017/
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