Can you review my mutual funds and suggest changes

I am 34 year old & investing for my child's education who is five year old & my retirement. Since January-2017 I have started SIP of INR 30000 in following funds. SBI Bluechip 9000, Franklin India Prima Fund 6000, Mirae Asset Emerging Bluechip 6000, DSP Blackrock Taxsaver 9000. Additionally I have invested approx 2.5 Lac in PPF from 2012. Should I cut down SIP in DSPBR Taxsaver to 5000 & invest the balance 4000 in PPF? Please review my portfolio & advise changes, if any?

Jun 10, 2017 by Parag, New Delhi | Mutual Fund

You have invested in good funds for your SIPs and it is suitable for achieving your long term goals, like your retirement and child’s education. While investing in PPF is a good idea for diversifying some part of your investments into assured returns and saving taxes, ELSS can give you much better returns than any other tax saving schemes.

Therefore, you should not cut down SIPs in DSP BlackRock Tax Saver Fund and invest in PPF. First analyse, how much you need to invest for saving taxes and then allocate the major portion to ELSS funds and rest to PPF, of course after accounting how much you have already saved by paying insurance premium etc.

Why ELSS is better, do read this https://www.advisorkhoj.com/principalmf...

Hope the above helps! Thanks for writing to Advisorkhoj.

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