am 44, and am investing in a month-to-month systematic funding plan within the following mutual funds: SBI Fairness Hybrid – Direct Development ( ₹5,000); BOI AXA Tax Benefit Fund – Direct Development ( ₹5,000); UTI Worth Alternative Fund – Direct Development ( ₹10,000); Axis Bluechip Fund – Direct Development ( ₹5,000); Axis Midcap Fund – Direct Development ( ₹5,000). I can add one other ₹20,000 in long-term investments for my daughter’s increased schooling and my retirement in 14 years. Kindly advise which fund I ought to go for. Sujit
You’re investing ₹30,000 in a wide range of funds. All however one among these are fairness funds. Some funds in your portfolio are the center of the pack in high quality, and you’d do properly to exchange them with constant performers over the long run. On 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 could be cut up between the bluechip fund and the fairness hybrid fund already in your portfolio.