I am 34 years old. I am investing 25000 per month on different mutual funds. M funds include:
Axis long term equity fund (Direct)-SIP Rs 9000
Axis Mid cap fund (Direct)-SIP Rs 5000
Axis Focussed 25 fund (Direct)-SIP Rs 2000
Nippon large cap fund (Regular)-SIP Rs 4000
L & T Emerging Business fund (Direct)-SIP Rs 5000
Please review my MF holdings and kindly advise me what are the funds i should retain/close and what new investments to make as I can invest Rs5000 more?
Ans: 1, 2, 3 are fine; please continue; Kotak Bluechip can be considered instead of Nippon and similarly UTI Small Cap can be considered for L&T
For fresh Investment any one of below can be considered
DSP Quant Fund – Growth
UTI Flexi-Cap – Growth
Motilal Focused 25 Fund – Growth