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    Which mutual fund schemes should you choose to invest Rs 10,000 for 5 years?

    Synopsis

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

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    I am 44-year-old, working in a bank and my gross income is Rs 70,000 per month. I have 4 SIPs of Rs 5,000 each in Axis Mid Cap Fund, Mirae Asset Large Cap Fund, Kotak Multi Cap Fund (now called Kotak Flexi Cap Fund) and DSP Equity Opportunities Fund. I want to do another SIP of Rs 10,000 for 5 years. Can you suggest the best scheme and also share your comments on my portfolio.

    --- Roopashree Hc


    Chokkalingam Palaniappan, Director, Prakala Wealth, a wealth management firm based in Chennai responds:

    Your existing portfolio is good to continue. At this point of time, you may consider fresh SIPs in Dynamic Asset Allocation Funds. They are also known as Balanced Advantage Funds. They move the equity allocation according to the market conditions. Hence, these funds come with less risk. You may invest monthly Rs. 10,000 either in Edelweiss Balanced Advantage Fund or Union Balanced Advantage Fund.

    (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.)
    (Catch all the latest news about mutual funds, MF insights & analysis, best buys and investment trends on ETMutualFunds.com)

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    2 Comments on this Story

    Guest Login8 days ago
    How do such comments get approved ?
    Vohra Maksood9 days ago
    please give me 5000rs
    The Economic Times