I am 38 years old and have been investing in equity mutual funds since 2012.
These are my investments in equity till date. I have stopped my SIPs this month, except for Mirae Emerging Bluechip.
I also have life insurance (Rs 38,634 per annum) and Mediclaim (Rs 19,000 p a).
1. I want to invest an additional lump sum of Rs 1 lakh and start 3 new SIP of Rs 2,500 per month.
Can you suggest where I should invest -- in the funds I am already invested in or in any new category?
2. I have not been able to make up my mind on debt investment since I am not sure about gains (4-8 per cent) and then pay capital gains tax from debt investment, compared to money parked in a savings account (interest at 3.5 per cent).
These are my current investments. Your response would be appreciated.
ELSS (Mirae Asset & Quant) | Rs 4,40,000 |
Flexi Cap (Parag Parikh & UTI) | Rs 1,60,000 |
Index (HDFC Sensex) | Rs 30,000 |
Large & Mid (Canara Emerging Equities & Mirae Emerging Bluechip (SIP-7500)) | Rs 4,31,000 |
Large Cap (Mirae Large Cap) | Rs 99,100 |
Multi Cap (Nippon India) | Rs 30,000 |
Sectoral/Thematic (SBI Magnum) | Rs 27,000/- |