Have I selected best mutual funds from few categories

Advisorkhoj team, Firstly thank you for all your informative articles and suggestions on investing wisely, it sure helps in investing smartly using your suggestions. I have invested Rs 1 Lac each in the following funds w.e.f. April 2016, would appreciate if you could let me know if the funds selected are correct and how much time should I keep invested in it - 1) DSP BlackRock Focus Fund - Regular plan - Growth, 2) HDFC High Interest Fund - Dynamic Plan - Regular plan - Growth, 3) ICICI Prudential Long Term Equity Fund (Tax Saving), 4) Kotak 50 Equity Scheme, 5) Reliance Dynamic Bond Fund - Growth Plan?

Aug 22, 2017 by Ashley Fernandes, India | Mutual Fund

Thank you very much for the kind words about Advisorkhoj. We are glad that you find our suggestions and articles on the website useful and wise.

You have invested in 5 funds - two from the large cap, one from ELSS and the rest two from the dynamic bond fund category. With regards to your selection of funds, we would suggest that Kotak Select Focus Fund could have been a better choice in place of Kotak 50. Similarly, your investment in ICICI Prudential Long Term Equity (Tax Saving) needs to be watched closely. Even though this fund has a great long term performance track record, the recent 2-3 years performance has not been that great as it failed to beat top performing peers in the category as well as the category returns in the 1,3 and 5 years period.

Your ELSS fund has 3 years lock-in as such you can not take any action now, but on completion of 3 years you should review the fund performance and take a call whether you should further continue your investments in this fund.

Rest fund selections are good.

Thanks for writing to Advisorkhoj.

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