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Which mutual fund schemes are good to invest Rs 5 lakh?

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Last Updated: Nov 27, 2019, 12.13 PM IST|Original: Nov 27, 2019, 12.13 PM IST
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I have SIP in below mentioned mutual funds:

Mirae Asset Large Cap Fund - Rs 10,000
Kotak Select Focus Fund -Rs 5,000
Reliance Small Cap Fund - Rs 5,000
L&T Midcap Fund - Rs 10,000
Motilal Oswal Multicap 35 Fund - Rs 5,000
ICICI Prudential Balanced Fund- Rs 2,000

Kindly review my portfolio and suggest if any changes are needed. Also I need to invest Rs 5,00,000 in lumpsum. Where should I invest?

--Alok Rai


Subir Jha, Founder, Buckspeak, a hyderabad based wealth management firm, responds:

You have used all the old names, I am assuming you are still invested in them after the reclassification . All your funds have excellent track record within their peer group. Hence I don’t see any need to change them . I am also assuming that you have arrived at your asset allocation through a validated process.

You haven’t mentioned, the time horizon for the lumpusm investment, you wish to make. Assuming, its more than 5-6 years , you could allocate this equally between your current SIP funds. A good fund is a good fund, irrespective of the mode of investment.

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