Sir,
I select some funds as my sip investment for 20-25 years span:-
Large cap :-
Birla sl frontline equity
Quantum long term equity fund
Diversified :-
Icici value discovery
Frankine india high growth company
Mid cap -
Hdfc mid cap opportunity
Birla sl pure value fund
Mirae asset emerging blue chip
Sir now please suggest me for my final selection and is there any overlap among the funds? Please help me.
For lump sum investment in elss funds as per my selection for 20-25 years span
Reliance tax saver fund
Dsp br tax saver fund
Birla sl tax relief96 fund
Frank line tax shield fund
Please give your opinion?
5 Answers
Hi,
Do you have any existing Mutual funds in your portfolio?
Why would you like to invest in so many funds?
SIR,
I HAVE SOME INVESTMENT IN MUTUAL FUND
LUMP SUM :-
UTI BALANCE FUND RS.570000 FROM DEC,2016
HDFC EQUITY FUND RS.30000 FROM JAN,2017
DSP BR TAX SAVER RS.25000 FROM FEB,2017
SIP:-
UTI MID CAP RS.1000
HDFC MID CAP OPPORTUNITY RS.1500
SIR I AM TRYING TO INFORM YOU THAT I WILL INVEST RS. 7000 PER MONTH AS SIP FROM APRIL,2017
AND I HAVE SELECTED THE ABOVE 7 SIP FUNDS AND I WILL STOP UTI MID CAP SIP . IF I HAVE MADE ANY WRONG DECISION THEN PLEASE GUIDE ME AND ADVICE THE BEST OPTIONS WITH FUND NAMES.
Hi,
The shortlisted ones (7 funds) are good ones.
But, investing in too many funds within a fund category may not be beneficial.
For ex: In mid-cap category, you may just consider Mirae Asset emerging fund and ignore other two funds.
Kindly read:
https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/
https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/
THANK YOU SIR .
FOR LARGE CAP AND DIVERSIFIED FUND WHAT SHOULD BE THE BEST ONES AMONG MY SELECTED FUNDS ACCORDING TO YOU?
SIR, I NEED ANOTHER SUGGESTION FROM YOUR END.ACTUALLY MY UTI MID CAP (SIP) FUND INVESTMENT WILL COMPLETE ONE YEAR IN COMING APRIL, 2017 AND I WANT TO CLOSE IT. NOW WHAT I HAVE TO DO? AS PER MY KNOWLEDGE I HAVE TO FILL UP A CANCELLATION FORM. BUT TO AVOID THE EXIT LOAD SHOULD I REDEEM THE FUND AFTER APRIL,2018? WHAT IS YOUR OPINION SHOULD I REDEEM IN THIS APRIL (DEDUCTING EXIT LOAD) AND INVEST IN OTHER FUND OR WAIT FOR THE APRIL OF 2018?
Hi,
Birla Frontline equity fund (large cap) & Quantum LTE, both are decent choices.
If you are planning to invest in a tax saving fund ,you may do in your existing DSP tax saver fund.
The mentioned diversified funds are all good ones. Also, most of the ELSS funds typically are Mutli-cap funds. So, you may analyze their portfolios overlap and take decision.
(Request you not to post Questions / responses in all UPPER CASE. Thanks!)
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