I’ve been investing ₹2,000 every by way of SIPs in Axis Bluechip, ICICI Prudential Equity&Debt, and Parag Parikh Flexi Cap (until inflows have been stopped), and a lump sum of ₹50,000 in Mirae Asset Large Cap. Since Parag Parikh Flexi Cap has stopped taking contemporary inflows, kindly recommend options to deploy the money. I even have an extra ₹2,000 to speculate. My funds’ suggestion record contains Canara Robeco Flexi Cap, Edelweiss Balanced Advantage, and UTI Nifty Index. I’m a reasonable risk-taker. Can I’m going forward with any of those funds or others which may be higher?
— Kumaran R.
Parag Parikh Asset Management Company has began accepting new lump sum and SIPs in Parag Parikh Flexi Cap Fund from 15 March. If you had set the SIP earlier than 1 February, your SIP would have continued to stay lively.
While all of the funds that you’re investing in are good, some understanding of your funding horizon would have been useful. If your thought behind investing within the ICICI Prudential Equity&Debt fund was to take a reasonable danger, I wish to spotlight that this fund is an aggressive hybrid fund the place fairness allocation could be round 70-75%. In such a case, the danger on this fund will proceed to stay excessive.
You can take into account investing the extra SIP in UTI Flexi Cap or Canara Robeco Emerging Equities fund, if you want to go forward with equity-oriented funds. Else, Edelweiss Balanced Advantage fund can be a very good choice in case you wish to cut back the general danger of your funding.
The returns from hybrid funds could possibly be lesser than fairness funds in the long term as they’ve some allocation to debt.
Harshad Chetanwala is co-Founder at MyWealthGrowth.
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