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  • News From Press Before choosing mutual funds, decide your goals, time frame and asset allocation

    Before choosing mutual funds, decide your goals, time frame and asset allocation

    Source: Mint Apr 5, 2018

    I am 30 years old. My goal is wealth creation. My risk appetite is aggressive. I have been investing in equity-linked savings schemes (ELSS) for the past 3 years. Here are the details: Axis LT Equity Fund-Regular (for 3 years); DSP Tax Saver-Regular (2 years); and Reliance Tax Saver-Regular (3 years). My returns are moderate. I also invest in Mirae Asset India Opportunities- Regular; Kotak Select Focus; Motilal Oswal MOSt Focused Multicap 35 Fund; Reliance Small Cap-Direct; L&T Emerging Fund-Direct; and Mirae Asset Emerging Bluechip Direct-Growth. However, there is so much portfolio overlap between these funds—Mirae Asset India Opportunities and Kotak Select Focus (48%); Mirae Asset Emerging Bluechip and Mirae Asset India Opportunities (47%); Kotak Select Focus and DSP Tax Saver (44%).

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