Mutual funds to invest Rs 2,000 for 25 years
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My current portfolio is as follows:
Reliance Gilt Securities Fund
SBI Banking & Financial Services Fund
Mirae Asset Emerging Bluechip Fund
Mirae Asset Large Cap Fund
--Prem Prakash Maurya
Puneet Oberoi, Founder, Excellent Investment Advisors, responds:
You have not mentioned your risk profile and your financial goals. Looking at your portfolio, I would suggest you to change a few funds.
You are investing in two schemes of Mirae Asset. Both schemes have a lot of overlapping as they hold the same set of stocks. I would ask you to stop your investments in Mirae Asset Large cap Fund and continue to invest in Mirae Asset Emerging Bluechip Fund.
For your new SIP of Rs 2,000 you may consider to invest in Axis Midcap Fund.