I am 48 years old and I wok in a company. i have the following SIPs in various MF schemes 1) Nippon Large Cap Fund -Rs. 500/-, IDBI top 200 Fund -Rs. 500/- 3) PGIM midcap opportunities fund -Rs. 1000/- 4) Quant Active Fund - Rs. 1000/- and 5) Quant Tax Saver Fund - Rs. 1000/-. Should I continue with the SIPs or discontinue any of them. Pls advise.
Ans: For the given total amount of investment being made monthly, you don't need to invest in so many schemes. Just one fund would be more than enough. It can be an ELSS if you have tax-saving requirements. Or it can be a simple flexicap fund as your existing portfolio seems to be a mix of large, mid and small-cap funds.
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