- Axis Bluechip Fund Direct: Rs 6,500
- SBI Small Cap Direct Growth: Rs 5,000
- ICICI Prudential Savings Plan: Rs 2,500
- Quant Tax Plan: Rs 1,500
- Canara Robeco Equity Taxsaver Fund: Rs 2,500
- Mirae Asset Tax Saver Fund: Rs 2,500
- Mirae Asset Large Cap Fund: Rs 1,500
- Parag Parikh Flexi Cap Fund: Rs 1,500
- Invesco India Growth Opportunities Fund: Rs 1,500
I want to save for at least 15-20 years for my daughters education and marriage. Are the funds right? I want to invest an additional Rs 15,000 every month. Where should I invest?
Naman Khanna |
It is not possible to comment on your mutual fund portfolio as you have not shared your risk profile. It is very important to make your choice mutual funds Based on your risk tolerance and goals. For example, if you are a conservative long-term investor, you should invest mostly in large cap funds. If you are a moderate investor, you can invest in Flexi Cap Funds.
A quick word about your portfolio. You are investing in too many schemes. Investing a small amount in multiple schemes often leads to more diversification and duplication, reducing the overall return from your investment. Limit your investments to two or three schemes. Also follow goal based Investment strategy. Find out how much funds you need for each goal. Then invest a substantial amount in one or two schemes as per your risk profile.