Omkeshwar Singh | Answer |Ask -Follow
Head, Rank MF - Answered on Jan 14, 2022
I currently have the below monthly SIPs
Mutual Funds | Plan | Amount |
1. Aditya birla sun life tax relief 96 | 5000 | |
2. DSP tax saver fund | Direct plan Growth | 5000 |
3. Icici Prudential equity and debt fund | Growth | 3000 |
4 icici Prudential technology fund | 1000 | |
5. Axis blue chip fund | Growth | 5000 |
I am looking for wealth creation, and plan to remain invested for 15 to 20 years.
Are they good to continue?
Please suggest alternatives.
I have plans to increase the amount by 2000- 5000 each year.
Also, I have a lump sum of 5 lakh which I want to invest for the next 5 years.
What is an option with good returns?
Lump sum investment can be made in below funds
Mutual Funds | Plan |
Dsp Focus Fund | Growth |
Axis Esg Equity Fund | Growth |
Motilal Oswal S&p 500 Index Fund | Growth |
Uti Flexi Cap Fund | Growth |
Other than liquid funds is there any option for a rainy day fund of 2 to 3 lakh, to be instantly accessible?
Omkeshwar Singh Most Debt funds are settled in T+1 days i.e. the money will be in bank account next day (working), hoverer only few AMCs provide insta-redemption facility, wherein up to Rs. 50000 can be redeemed for insta-credit to your bank account.
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