I’m 44, and am investing in a month-to-month systematic funding plan within the following mutual funds: SBI Equity Hybrid – Direct Growth ( ₹5,000); BOI AXA Tax Advantage Fund – Direct Growth ( ₹5,000); UTI Value Opportunity Fund – Direct Growth ( ₹10,000); Axis Bluechip Fund – Direct Growth ( ₹5,000); Axis Midcap Fund – Direct Growth ( ₹5,000). I can add one other ₹20,000 in long-term investments for my daughter’s larger training and my retirement in 14 years. Kindly advise which fund I ought to go for.
—Sujit
You are investing ₹30,000 in quite a lot of funds. All however one in every of these are fairness funds. Some funds in your portfolio are center of the pack in high quality, and you’d do nicely to interchange them with constant performers over the long run. For your new funding of ₹20,000 extra, you’ll be able to add a short-term debt fund for ₹8,000. The remaining ₹12,000 will be break up between the bluechip fund and the fairness hybrid fund already in your portfolio.
Srikanth Meenakshi is founder, Primeinvestor.in.
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