I am 47 years old. Looking for investment through SIP in a mutual funds. Kindly suggest where should I invest: At present my my SIPS are given below. Also, I have to invest lumpsum Rs.150000/-. Kindly suggest.
Ans: SBI technology fund direct growth Rs.3000: Please continue
SBI blue chip growth plan -Rs.2000: Better option available Canara Robeco Bluechip Equity Fund Regular growth
Mirae asset focussed dividend reinvestment plan Rs.3000: Please continue, however Growth plan is better because post 1st July 2020, there is Stamp Duty of 0.005% applicable to reinvestment part as well.
HDFC multicap opportunities fund direct growth Rs.3000: Better option available Dsp Midcap Fund - Regular Plan - Growth