Best mutual funds to create maximum wealth
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Axis Bluechip Fund: Rs 2,000 (SIP)
Axis Liquid Fund: Rs 50,000 (lumpsum)
Aditya Birla Sun Life Tax Relief 96: Rs 2,000 (SIP)
Axis Short Term Fund: Rs 10,000 (lumpsum)
Kindly suggest me a suitable mutual fund portfolio to invest for my goal of creating maximum wealth. I am a conservative risk taker.
--Pavan Suresh
Deepali Sen, Founder, Srujan Financial Advisors, responds:
You have chosen good funds, provided you continue with your investments in equity funds (Axis Bluechip Fund and Aditya Birla Sun Life Tax Relief 96) for at least seven years. Also, the liquid and short term fund can be used for the short term goals, between 0 to 2 years. Also,it will be tough to say how much money (lumpsum or through SIPs) you will need to meet your goals because we don't know the quantum of money you require.
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