Please information me concerning my systematic funding plan, which is as follows: ₹1,000 in Nippon Small Cap Fund; ₹1,000 in ABSL Small Cap Fund; ₹1,000 in HDFC Midcap Fund; ₹1,000 in Nippon Midcap Fund; ₹1,000 in ABSL Frontline Equity Fund; ₹1,000 in SBI Bluechip Fund; ₹1,000 in ICICI Value Discovery Fund; ₹1,000 in Axis Nifty 100 Fund; ₹1,000 in L&T Tax Saver Fund and ₹1,500 in Axis Bluechip Fund. My funding horizon is 10 years. Shall I hold investing in these funds?
—Name withheld on request
The very first thing I’d advocate in your portfolio is consolidation. You don’t want 4 large-cap funds for a month-to-month funding of ₹4,500. Just one fund, a low-cost passive-investing index fund, would do. Similarly, you’ll be able to consolidate your small-cap funds into the Nippon fund and the mid-cap funds into the HDFC fund. Please be certain that the tax-saving funding you make is enough to satisfy your 80C tax deduction requirement.
Srikanth Meenakshi is founder, Primeinvestor.in.
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