Ask ET Mutual Funds: Can I go ahead with my choice of mutual funds?

I am 42 years old. I am investing in SBI Magnum Tax Gain Fund through a montlhly SIP of Rs 1,000 for the last one year. Now, I am planning to invest Rs 8,500 more in mutual funds through SIP. I want to invest Rs 5,000 in SBI Blue Chip Fund, Rs 1,000 in Birla Sun Life Pure Value Fund, Mirae Emerging Blue Chip Fund and DSP Black Rock Tax Saver Fund and Rs 500 in Reliance Small Cap Fund. Should I make any changes?

--Deepak Kar

Bina N Pandit, a Certified Financial Planner, responds:

You have not mentioned your investment horizon or investment goal. You should set a specific goal while investing. This will help you to figure out your investment horizon and you can invest accordingly. As for your choice of funds, you can invest Rs 3,000 in SBI Blue Chip, Rs 2,000 in Birla Sun Life Pure Value Fund and Rs 2,000 in Mirae Emerging Bluechip or Reliance Small Cap Fund. DSP Blackrock Tax Saver Fund is also a good option for tax saving if you want to take advantage of 80C beneift.


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