I am 28 years old. I have recently started SIPs in DSP BlackRock Tax Saver Fund, Axis Long Term Equity Fund and Franklin India Smaller Companies Fund. I also deposited a lumpsum of Rs 30,000 each in DSP BlackRock Tax Saver, Franklin Smaller Companies Fund and ICICI Prudential Balanced Fund. I want to invest Rs 1.5 lakh that I got from surrendering my LIC policy. Where should I invest it? Any of the above mutual funds or any other stocks? Kindly guide.
--Manish Kumar
You are currently investing in two tax-saving mutual funds or Equity Linked Savings Schemes, one equity-oriented balanced scheme and a smallcap scheme. You should try to link your financial goals to your tax planning and investments. That would help you make your investment decisions.
Is your money management strategy actually working? Key signs you might be off track
Read More