Dear Srikanth,
How are you doing?
I need your suggestion once again regarding mutual funds.
As mentioned earlier, I am already investing in mutual funds via sip mode. Now, I want to add a Balanced Fund for my long term goal i.e after 10 years. I am already investing in HDFC Balanced Fund for a mid-term goal i.e. 5 years.
- Is it a wise decision to create another SIP with HDFC Balanced fund for my long term goal as well?
- If you have any other recommendation with other Balanced fund for long term commitment, kindly advise.
4 Answers
Dear Rama Krishna,
I am doing good, thank you. How about you?
May I have the details of MF schemes that are part of your Long-term goal portfolio??
Dear Rama Krishna,
(Below is my reply to your answer posted as PRIVATE)
You may consider making additional investments in your mid-cap fund (10+ years) itself. Else, you can allocate major % of your investible surplus to mid-cap fund and the remaining amount to existing balanced fund.
Dear Srikanth,
Thanks for your response.
Just a small question to your response. Rather than making additional payments to my existing mid-cap fund, do you think it would be a good idea to add my additional investments to Franklin India smaller COS fund and balanced fund by 40:60 ratio.
Kind Regards,
Rama Krishna
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