Where should I invest Rs 34,000 via SIP?
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By ET Online |
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I have been investing Rs 26,000 per month through SIPs in the following schemes for the last 14 months.
SBI Bluechip Fund: Rs 5,000
ICICI Prudential Value Discovery Fund: Rs 4,000
Axis Long Term Equity Fund: Rs 5,000)
Mirae Asset Emerging Bluechip Fund: Rs 5,000
HDFC Balanced Fund Rs 3,000
Mirae Asset Tax Saver Fund: Rs 2,000
DSP BlackRock Tax Saver Fund: Rs 2,000
All these schemes are under direct mode and growth option.
I want to further invest Rs 34,000 per month through SIP for the next six years. How should I invest the additional sum? Also, should I make any changes to my existing portfolio?
-- Rahul Jain
Chokkalingam Palaniappan, Director, Prakala Wealth Management, responds:
You have too many funds in your portfolio. Having said that, you may invest the additional sum as suggested below:
Principal Emerging Bluechip Fund: Rs 17,000 per month
Axis Focused 25 Fund: Rs 17,000 per month
SBI Bluechip Fund: Rs 5,000
ICICI Prudential Value Discovery Fund: Rs 4,000
Axis Long Term Equity Fund: Rs 5,000)
Mirae Asset Emerging Bluechip Fund: Rs 5,000
HDFC Balanced Fund Rs 3,000
Mirae Asset Tax Saver Fund: Rs 2,000
DSP BlackRock Tax Saver Fund: Rs 2,000
All these schemes are under direct mode and growth option.
I want to further invest Rs 34,000 per month through SIP for the next six years. How should I invest the additional sum? Also, should I make any changes to my existing portfolio?
-- Rahul Jain
Chokkalingam Palaniappan, Director, Prakala Wealth Management, responds:
You have too many funds in your portfolio. Having said that, you may invest the additional sum as suggested below:
Principal Emerging Bluechip Fund: Rs 17,000 per month
Axis Focused 25 Fund: Rs 17,000 per month
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