I’ve been investing ₹2,000 each month in Axis Bluechip Fund – Growth SIP (systematic funding plan), one other ₹2,000 in ICICI Prudential Equity & Debt Fund – Growth SIP and ₹4,000 in a gold financial savings scheme. I’m a average threat taker. At current, I can enhance my SIP by one other ₹2,000 a month. Will it’s okay to take a position that in a world fund?
—Kumaran R.
You are investing ₹8,000 at current, half of which goes to gold. Of the remainder, an element goes to debt and about 40% is invested in equities. That is just too conservative an method. We have to reshape your portfolio a bit. First, you could possibly make investments the incremental ₹2,000 in a diversified fund. Since you have an interest in investing internationally, a fund similar to Parag Parikh Flexi Cap Fund could be a sensible choice for this quantity.
Besides, you may as well take ₹2,000 out of your gold funding and divert it to a mid-cap fund similar to DSP Midcap Fund. You will then have a well-diversified portfolio, investing in all market segments.
Srikanth Meenakshi is founding father of Prime Investor.
Subscribe to Mint Newsletters * Enter a sound electronic mail * Thank you for subscribing to our publication.
Never miss a narrative! Stay linked and knowledgeable with Mint.
Download
our App Now!!
