Hello Sir/Mam,
I am currently investing SIP of 1K per month in Quant Tax plan- direct growth for past 1 year.
Now I am willing to invest an extra 5k per month.I am not sure in which plan to invest.
Can you suggest me a investment plan?
Thank you.
Ans: It's great to see your commitment to investing and growing your wealth. Investing regularly through SIPs is a smart move, especially for long-term financial goals.
Considering your current SIP in a tax-saving fund, you're already taking advantage of tax benefits while building your investment portfolio. Now, with an additional 5k per month to invest, it's crucial to choose a plan that aligns with your financial goals and risk tolerance.
Since you're already investing in a tax-saving fund, you may want to diversify your portfolio by considering other equity or debt funds. Equity funds offer the potential for higher returns over the long term but come with higher volatility. On the other hand, debt funds provide stability but usually offer lower returns.
Given your investment horizon and risk appetite, you may consider allocating a portion of the additional investment amount to diversified equity funds for growth potential and the remaining to debt funds for stability.
It's essential to research and choose funds that have a consistent track record of performance and align with your investment objectives. Moreover, periodic review of your portfolio and rebalancing as needed can help you stay on track towards your financial goals.
Feel free to consult with a Certified Financial Planner to discuss your investment options further and create a customized investment plan tailored to your needs.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
