Choose debt funds if you are investing only for 1-3 years
The general guidelines for investing in mutual funds are pretty simple. If you are investing for the short term (1 to 3 years), you should invest mostly in debt funds that are relatively safer
I currently invest ₹ 4,000 each in SBI Blue Chip, Mirae Asset Emerging Bluechip Fund, HDFC Balanced Fund and ₹ 3,000 in Motilal Oswal Multicap 35 Fund every month. I also have two equity-linked savings schemes (ELSS)—Aditya Birla Sun Life Tax Relief 96 ( ₹ 4,000) and IDFC Tax Advantage ( ₹ 2,000). My time horizon is 10 years for all the funds, except HDFC Balanced Fund, which is for 5 years. I also came to know that the portfolio of the Mirae fund has increased its allocation to large caps. Should I worry about that?
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more