Aditya Birla Sun Life Tax Relief 96: Rs 2,500
L&T Tax Advantage Fund: Rs 2,500
Axis Long Term Equity Fund: Rs 5,000
Mirae Asset Midcap Fund: Rs 5,000
I can invest extra Rs 2,500 to Rs 3,000. Should I add the amount to ABSL Tax Relief 96 or choose another fund? I have a decent risk appetite. My investment horizon is 15 to 20 years, but for now I'm looking at the next five years. My goals are: buy a house and build a retirement corpus.
Subir Jha, Founder, BuckSpeak, responds:
You may add the additional amount to ABSL Tax Relief 96. It is a fund with more than 23 years of track record. It has performed well in different market cycles. Between the four mutual funds, you have a fair exposure between the large cap and mid cap.
Your exposure in the small cap is low and if you can take extra risk, consider adding a small cap fund like Nippon India Small Cap Fund/ DSP Small Cap Fund (don’t be worried by its recent underperformance, it has done well in the long term). I would also recommend a minimum 10-year investment horizon in a small cap fund, especially if you are investing through SIP. The investment can be for your retirement goal.
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1 Comment on this Story
Yash Impex262 days ago
CORPORATE GOVERNANCE ISSUE