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    A mutual fund scheme to invest Rs 2,000

    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 investing Rs 2,000 via SIP in Axis Bluechip Fund and Rs 1,000 in Kotak Standard Multicap Fund. I want to invest Rs 2,000 extra in other funds. Please suggest some names.
    --Rajesh Dawola

    You have not shared key details like your goals, investment horizon, and risk profile. Without these details, it is impossible to comment on your investments or suggest new schemes for you. When you are investing a modest sum, there is no point in splitting it into too many schemes. You will not be able to get any meaningful diversification or reduce risk in this manner. Just stick to one scheme that is in line with your risk profile and investment horizon. Once you start investing a very large amount regularly, you may think of adding one more scheme to your portfolio.

    An average investor needs two to four schemes, including tax saving schemes, in his or her portfolio. Adding too many schemes within the same category often results in duplication of portfolios. Adding every category to your portfolio can also counter productive if those categories are not in line with your risk profile.
    (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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    2 Comments on this Story

    Lijo325 days ago
    dear sir
    can suggest some tax saving mutual funds.
    2. which will u prefer either tax saving or small cap fund for one time investment. i have 2 lakh to invest
    Neeraj Shukla326 days ago
    these so called financial planners dont understand anything but asking their goal ...what if that person wanted to save money whatever he can which is not fix
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