Portfolio review for a new investor

I am 22 years old. I am a working professional and I have started investing two months ago. Need your advice on my current portfolio. My salary is around Rs 29,000 and here is my portfolio:
Tata P/E Fund (Growth) - Rs 2,000
IDFC Infrastructure Fund - Rs 2,000
Tata Tax Saver (ELSS) - Rs 4,000

-- Shubham Shakar

You have not mentioned your goals, investment horizon or risk profile. Without these details, it is not possible to say whether you have picked the right schemes. However, it seems, you have not done your homework properly. You seem to have picked up Tata Equity P/E Fund and IDFC Infrastructure Fund based on their spectacular one-year performance. Tata Equity P/E Fund is a two-star midcap scheme, and IDFC Infrastructure Fund is a three-star sectoral (infrastructure) fund. Both schemes carry higher risk and they are suitable for investors with a high risk appetite. Tata India Tax Saving is a four-star fund that has not performed well in the last year.

If you are not very clear about investing in mutual funds, you should seek the help of a mutual fund investor. Invest directly only if you can do the homework properly.



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