Hello sir,
I am 26 years old. want to invest 8k in mutual funds. Time frame would be 5-8 years. I've shortlisted:-
1.ELSS-DSP BR tax saver/Franklin india Tax shield/axis long term equity-4000 per month
2. Small & mid cap-DSP mircorcap/Franklin india smaller companies- 2000 per month
3.Diversified-ICICI pru value discovery-1000pm
4.balanced-ICICI balanced or HDFC balanced-1000pm
kindly advise me should i invest 4000 in single ELSS scheme or is it better to invest in above mentioned 3 elssĀ funds to minimise the risk , Is my portfolio good enough or should i add any large cap fund, if yes then which one would be better SBI blue chip or kotak select focus.
Kindly share your picks on the above mentioned categories.
Thank you.
1 Answers
Hi,
The shortlisted funds are good ones.
You may consider Franklin Taxshield which primarily invests in Large cap stocks + its an ELSS fund.
Kindly read:
Best Equity funds.
How to pick right mutual fund schemes based on Risk ratios?
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