I am investing in following monthly SIP - SBI Pharma - 2500, SBI FMCG - 2500, Birla MNC - 2500, Reliance ELSS - 10000. Please review and suggest if changes if any. My age 28, monthly income 60000?
Out of the 4 SIPs that you are investing in, 3 are in thematic funds. Please note that thematic funds are among the most risky category of funds and as such suitable to investors with high risk appetite and very long term investment horizon. If you are interested in long term wealth creation, then we suggest that you should invest in diversified equity funds. Diversified equity funds invests across all market cap and sectors and most ideal for long term investments.
You can choose from SBI Magnum Multi-Cap Fund, Birla Sun Life Equity Fund or ICICI Prudential Value Discovery Fund.
Your SIP in Reliance Tax Saver is a good choice.
Hope the above helps! Thanks for writing to us.
Aug 29, 2019 by Nandu
Aug 26, 2019 by Dhiraj
Aug 18, 2019 by Dr. Ketan S Trivedi
Aug 16, 2019 by Sanjay Gargish
Aug 3, 2019 by Chirag Agrawal
Jul 30, 2019 by Abhishek Shah
Jul 28, 2019 by Dr. Pradip Kumar Chatterjee
Jul 27, 2019 by Pravin Jain
Aug 26, 2019 by Joel A Peres
Jul 25, 2019 by Rabindra Chandra Bhattachara
Nov 22, 2024 by Axis Mutual Fund
Nov 22, 2024 by Advisorkhoj Team
Nov 22, 2024 by Advisorkhoj Team
Nov 21, 2024 by Advisorkhoj Team
Nov 21, 2024 by Advisorkhoj Team