While investing in equity or balanced funds, one needs to be mindful of the amount of time one stays in the product and should be sceptical of investing for time horizons of less than 7 years. Also, the choice of funds depends a lot on your risk-bearing capacity. Investing solely with the past returns as your guiding light could be misleading. Also, past returns for 3 years and more should be reviewed for a meaningful analysis. The funds chosen by you have had a decent track record and you may want to continue investing here. For additional investments you could look at diversified large cap funds like ICICI Prudential Focused Bluechip or Birla Sun Life Frontline Equity or DSP Black Rock Focused 25 Fund
To begin with, having a time horizon of 10 years in mind makes a lot of sense if you are planning to invest in equity funds. Equity funds most often end up beating inflation and should be looked at a time horizon of 7 years plus. Debt funds are meant for a medium term -3 to 7 years and liquid funds can be looked to building emergency funds or for funding goals between 0 to 3 years.
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Top 4 Tax Saver Mutual Funds for 2017 - 2018
Best 4 ELSS Mutual Funds to invest in India for 2017
1. DSP BlackRock Tax Saver Fund
2. Invesco India Tax Plan
3. Tata India Tax Savings Fund
4. BNP Paribas Long Term Equity Fund
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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