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Mutual Funds Expert - Answered on Mar 01, 2023

Rathijit Question by Rathijit on Jan 31, 2023

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Hi, I am 42 years old and have been investing in 12 different funds through SIP of amount Rs 28,500 per month. I am investing in below following funds. Please give your opinion on it. 1. Axis Long Term Equity-DP: INR 2500/Month 2. Franklin india Tax Shield Fund: INR 2000/Month 3. Canara Robeco Equity Tax Saver: INR 1500/Month. 4.HSBC ELSS Fund: INR 2000/Month 5. Motilal Oswal Long Term Equity: INR 2000/Month. 6 DSP Tax Saver: INR 2000/Month. 7. Mirae Asset Tax Saver: INR 3500/Month. 8 Aditya Birla tax relief 96-G: INR 1500/Month. 9.ICICI Pru Long term equity: INR 1500/Month. 10 HDFC Large & Mid Cap-G: INR3000/Month. 11 Nippon India Growth-G: INR 4000/Month. 12 SBI Large & Mid Cap-G: INR 3000/Month. Apart from that i use to invest INR 25000/Month in Index50, Mid Cap funds also.
Ans: Hello Rathijit. Based on your age and your requirements, I can see that your risks diversification is well maintained. Regarding your question about whether the schemes are good or not. I can see there is over diversification in your current portfolio. Try to concise your portfolio for ELSS investment.
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