Is my mutual fund portfolio consists of moderately aggressive schemes

I am a first-time investor, working professional 27 years old. My gross earning is 5.7 lakh per annum and monthly income about Rs 48,000 including allowances. My goal is to invest for a period of 5 years with moderately aggressive schemes giving high returns. I want to put my money in tax saving equity schemes of ELSS. I have chose to invest 15,000 pm in DSP BlackRock Tax Saver Fund(G)-Direct Plan. Also I want to invest 10000pm in Large Cap Equity based Fund in Birla Sun Life Frontline Equity Fund(G) plan. Can you please tell me if I need to invest in more plans and diversify my portfolio?

Apr 4, 2017 by Utkarsh Mathur, Ghaziabad | Mutual Fund

Your choice of DSP BlackRock Tax Saver Fund for saving taxes is absolutely fine. This fund is one of the top performing in the ELSS category. Your choice of Birla Sun Life Frontline Equity Fund from the large cap equity fund category is also a good one! This fund has a track record of very long term consistent performance.

If you want to invest in more funds in order to diversify the portfolio, you may select couple of diversified equity funds. Diversified Equity Funds are the best bet for aggressive investment portfolio as it invests across sectors and companies of various market capitalization.

You may select top performing diversified equity funds from here https://www.advisorkhoj.com/mutual-funds...

Thanks for writing to us.

View All Queries

You haven't found the answer for your queries? Do post your queries to us.
POST A QUERY