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Where should I invest for 1-1.5 years?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

ET Online|
Dec 05, 2018, 03.58 PM IST
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I have an SIP of Rs 5,000 in each of the below mentioned schemes:

1. Aditya Birla Sun Life Equity Fund - Growth, Regular
2. Aditya Birla Sun Life Tax Relief 96 Fund

I am a conservative investor and I might need my funds in next 1-1.5 years. Can you advise if the above portfolio is fine. Also please advice some other funds to invest. Should i stop my SIP in the growth plan and invest in some other plan?
--Srishtika Jhanb


Raghvendra Nath, managing director, Ladderup Wealth Management, responds:

If your investment horizon is only 1-1.5 years which is a short term period in the investment world, I would recommend you to avoid equity investment considering you are a conservative investor. In addition to this, Aditya Birla Sun Life Tax Relief 96 Fund is an ELSS scheme which has a lock-in period of three years which might not be conducive with your investment horizon. You may stop the SIPs in the equity funds and start SIPs in ultra-short duration debt mutual funds like Aditya Birla Sun Life Saving Fund and Franklin India Ultra-Short Term Bond Fund.

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(If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)
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